Month: July 2023

Development in Dubai

Russian money, exorbitant rents, and revived projects are all signs of the Dubai boom.

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14 years after a recession almost brought Dubai to its knees, a fresh economic recovery in the city-state is now bringing new life to many large abandoned real estate projects.

War is a driving force in Dubai, as it has been in prior upswings. However, this time, rather than refugees fleeing Middle Eastern conflicts, it’s Russian businessmen who are running from Moscow’s assault on Ukraine.

Richard Waind, group managing director for Betterhomes, a real estate firm in the emirate, said: “There are lots of places in the world wherein there are real challenges and people looking for a safe haven.” “I believe that’s a safe haven for the capital as well as for their families,” the speaker said.

Although there are no indications that the market may be in crisis akin to 2009, some worries have begun to arise. The foreign workers that supports the emirate is experiencing a pinch on their standard of life due to skyrocketing rental prices.

The U.S. Treasury is concerned regarding the amount of Russian capital entering the United Arab Emirates’ most populated city’s real estate market.

The UAE appears to be functioning as a willing bridge, allowing Russian billionaires to utilize the Emirates as a waystation to connect the Russian financial system and that of the West, which, in principle, should pose a substantial reputational risk.

“However, the evidence suggests otherwise.

The Associated Press sent detailed inquiries, but neither the administration of Dubai nor the foreign ministry of the UAE responded.

It is difficult to emphasize how drastically the Emirates have evolved in the last fifty years. The group of seven sheikdoms which make up the UAE have expanded since 1968, when they were a federation with less than 180,000 residents under British rule. According to government statistics, there are 3.5 million residents in Dubai alone, with an extra 1.1 million making daily commutes or short-term stays in the city.

The UAE’s first modernization was driven by oil, a large portion of it coming from Abu Dhabi’s enormous reserves. What were formerly uninterrupted lengths of wind-blown sand dunes were transformed into the world’s tallest structure, massive malls, and extensive subdivisions once Dubai started allowing international ownership of “freehold” properties in 2002.

Approximately 10% of Dubai’s total gross domestic product is currently made up of real estate. Dubai witnessed 86,849 home sales in 2022, breaking the previous record of 80,831 set in 2009, following a decline brought on by COVID-19 regulations.

Exclusive districts like the Palm Jumeirah, a created by humans atoll shaped like a palm tree that extends into the Persian Gulf, have been crowded with buyers and renters.

According to real estate company CBRE, the average yearly requested rent for a rental property there is over $67,600, and the rent for a villa is $276,000.Analysts believe that the rich escaping epidemic restrictions abroad is what is driving expansion in the luxury sector.

Even outside of the ultra-wealthy community, this pressure has increased. Even with anti-price gouging provisions, the average rent in Dubai has increased by 26.9% since last year. Families renting villas should anticipate paying an annual median rent of $76,000.

Gavin Hill, a 34-year-old car salesperson from Essex, England, and his partner left their house in the Dubai Hills district close to the city center for a smaller flat some twenty kilometers (12 miles) south due to the abrupt increase in rent.

The concrete shell of the Dubai Pearl is already being torn down, but the future of the site is still unknown.

Plans for the Palm Jebel Ali, the Palm Jumeirah’s forgotten twin, are also being revived.

One behavior that contributed to Dubai’s crisis in 2009 was the purchase of unfinished properties by speculators. As initial purchasers “are profiting on the recent market boom and cash out with a premium in hand,” local firm Property Monitor stated, “off-plan” flipping is expanding once more.

Those businesses and others worry that speculative buying may result in the emergence of new bubbles.

“This suggests a rise in speculation, which is a characteristic of any market that is seeing price rises,” said Scott Livermore, the head economist at Oxford Economics Middle East.

Dubai “can suck people out and spat them out quite quickly,” according to Hill. “I’ve seen way too many folks lose their minds before very quickly going bankrupt.

 

Development in Dubai

A rent rise of 50%? For some people, Dubai’s record-high real estate demand is a nightmare.

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  • For the initial two months of 2023, demand for real estate in Dubai, the opulent commercial metropolis of the United Arab Emirates, reached a record high, according to real estate services company CBRE.
  • Some residents of Dubai have experienced rent increases of more than 50%.
  • “Trust me, there are those who are prepared to pay the price,”According to a survey released on Thursday by the real estate services company CBRE, demand for real estate in Dubai, the opulent commercial metropolis of the United Arab Emirates, reached an all-time high for the first two months of the year of 2023.8,515 deals were completed in February alone in Dubai’s residential market, a staggering 43.9% increase from the prior year. 17,741 home transactions were recorded in total in January and February combined.

    While some Dubai residents, who make up about 90% of the expat population, find it difficult to reserve a taxi or a table at a restaurant, many of them are being impacted the hardest by the fast and frequently dramatic increase in rent.

    When asked what percentage of their rent had grown year over year, a consultant based in Dubai said to CNBC, “A 60% increase.” The expert chose to move rather than pay the increased rent while residing in Dubai’s upscale financial area, the DIFC. Other DIFC residents have complained that their landlords have requested rent increases of 50% or more, and as a result, many of them have downsized or relocated to less expensive neighborhoods.

    According to RERA, the Real Estate Regulatory Agency, a division of Dubai’s Land Department, tenants are not permitted to request rent increases that exceed a predetermined percentage based on the property’s current market worth. But the DIFC functions independently of RERA regulations as a separate legal body.
    And landlords are discovering ways to get around RERA regulations by evicting tenants under the pretense that they are buying the property or selling it, then leasing it to a new renter for a rent that exceeds RERA guidelines. Brokers claim that although this technique is prohibited, it still occurs regularly since many renters are unaware of their rights.

    According to a car, between 2021 and the present, rentals in several Dubai areas have doubled. As stated by CBRE, selling prices have increased by an average of 11.5% in the year leading up to February 2023.

    However, many sellers reported significantly higher returns. An expat from Dubai who asked to remain anonymous for professional reasons purchased a residential property in early 2021 for around 4 million UAE dirhams ($1.09 million), renovated and redecorated it, and then sold it within the year for twice as much.

    Compared to early 2020, the environment is as different as night and day.

    Prior to the coronavirus epidemic, the oversupply of the market had caused a 25% decline in Dubai’s real estate market during the previous five years.

    ‘Bonkers’ rental market

    Landlords are aware that as more and more people move to Dubai, there will always be individuals prepared to pay their inflated rental rates, just as a lot of landlords are doing today to profit from lucrative sales.

    “Let me begin by using the word nuts. According to Ricardo Scala, founder of Ricardo Scala Estates and a luxury property broker located in Dubai, the rental market right now is simply insane. “Prices have increased by twofold and tripled in the last year and a half.”

    The average rent in Dubai grew by 27.7% from February 2022 to February 2023, according to CBRE’s data.

    Russian buyers

    By this point, it is common knowledge that a sizable share of last year’s real estate transactions were completed by Russians. It’s nearly impossible to go around the well-known Dubai Marina or Jumeirah Beach Road neighborhood without hearing Russian being spoken.

    We have seen a significant increase in Russian customers as a result of the conflict between Russia and Ukraine, Acar claimed. They were the nation with the biggest volume of transactions at the end of Q3 in 2022. Owners are taking advantage of that statistic since they are aware of it once more.

    German, Swiss, Italian, and British consumers have all increased significantly, according to Scala.

    Dubai’s openness and apparent normalcy for the majority of the Covid-19 pandemic, as well as the UAE’s stance of being open for business to all nationalities—including those from Israel, who cannot visit numerous Muslim nations, and from Russia, which is highly sanctioned by the West—have paid off.

    New citizens and businesses have also been drawn to the nation as a result of various facilitating economic and social changes that have been implemented over the past few years, such as the remote worker visa and the legalization of 100% foreign ownership of some businesses.

    Dubai ‘knows exactly what it’s doing,’

    Scala stated, “I believe Dubai’s government is fully aware of its actions. They have a very, very clever game plan, in my opinion. If you look about it at a very basic level, I can almost promise that everytime a dispute or issue arises somewhere in the globe, Dubai will release some sort of offer that encourages more people to visit Dubai within 14 days.

    Nobody anticipates a sudden decrease in real estate values in the interim.

    According to Scala, prices will temporarily stabilize and continue to rise at the same rates. “My industry colleagues and I are having a difficult time understanding how costs will decrease that much at this time, when there are only consumers paying the prices. Then he continued, “What we don’t want to happen is for them to keep rising up more and more and more.

    “Dubai is becoming more costly and it will be higher in price; it’s a fact of life,” Sajwani said to CNBC in January. The demand increases and people are able to pay higher costs because there are many wealthy individuals working for huge firms, he claimed.

     

Food & Beverages

Desserts You Must Try in Dubai

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Albicocca e Pane at Al Mahara, Burj Al Arab, and L’Olivo

The unassuming Albicocca e Pane (apricot bread) of L’Olivo is given a Michelin star makeover. This exquisite delicacy, which is a picture of pale amber and cream, is filled with a variety of summery flavors and contrasting textures, including a bit chewy, billowing meringue, With crispy bread crumbs, the almonds, and an aromatic apricot sorbet, a satiny-smooth Chantilly cream is served.

At Butcha Turkish Steakhouse and Grill, City Walk, there is Baklava.

Is there any better way to end a meal than with some of the world-famous baklava from the renowned Turkish restaurant and butcher shop Butcha? No, we believe. Paper-thin pastry made from filo is covered with ground pistachios in this recipe, which is then cooked till crunchy, golden, and flaky after being dipped in a floral syrup. Turkish ice cream, which is evidently created using traditional methods, is added to the meal, making it even more delectable.

Glace Au Yaourt Grec in Jumeirah Al Qasr, French Riviera

There aren’t many desserts that are as exquisitely presented and delectably delicious as the Glace Au Yaourt Grec at French Riviera. They are simple yet sophisticated, and decadent yet refined. Greek yogurt’s tanginess is pleasant and thick and creamy. A liberal drizzle of honey deftly balances the ice cream, while red berries give color and jammy richness and a sprinkling of pecans adds textural crunch.

Murray’s by Dhow & Anchor’s Malai Kulfi at the Jumeirah Beach Hotel

The Malai Kulfi at Murray’s, the newest curry restaurant in town, is a must-order since it is the perfect remedy for a meal that is hot and spicy. The aromatic, firm-textured ice cream has a delicately nuanced, nutty caramel flavor that will not only please palates but also chill them. The quintessential Indian summertime beverage, falooda, pistachios, and basil seeds are also included in the serving. I’ll stop here.

The Hide, Bailey’s Crème Brûlée, and Jumeirah Al Qasr

When you return to The Hide, save space for dessert and make the blatantly decadent Baileys crème brûlée your standard selection. This is the sort of grownup treat that tastes so good that it overshadows everything else. It has a glittering, caramelized sugar crust that demands to be cracked open and a delectable Baileys-infused custard base lying behind.

Food & Beverages

Five Reasons to Invest in Food & Beverage market in Dubai

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In a globalized society , countless numbers of people go to other lands. People come in a variety of tastes and cultures. Dubai has a larger proportion of expatriates than residents due to the migration of people from other countries, including China, Russia, both American continents, and the rest of the world.

Why is the F&B market in Dubai the best?

Dubai had to have a variety of facilities, simple business formation procedures, a global market, hospitable locals, and much more.
In 2015, the UAE had one of the largest food and beverage markets in the world, valued at AED 2.4 billion, according to KPMG (that’s one of the Big Four accounting firms).
The second-largest and one of its most significant Emirate in the UAE is Dubai.

According to a KPMG survey conducted inside Dubai,

  • 67 percent of the city’s residents go out to supper on the weekends.
  • While 44% elects to offer a takeaway product.
  • One monthly brunch outing is reported by 66% of the population.

5 Reasons Why you should invest in Food and beverage Industry?

1 Tourist Attraction

Dubai is full with prospects for startups and established businesses, as well as a vibrant culture. Due to the abundance of SME’s in Dubai, both locals and tourists have more possibilities to explore this magnificent city. In 2018, around 15.93 million foreign overnight visitors came to Dubai; this number has since risen.

2.Strong Infrastructure

Leading industrialists and construction firms have established themselves in Dubai and are erecting cutting-edge structures. There are several reasons why you should invest in Dubai. By 2050, Dubai is expected to rank among the most cutting-edge cities, according to the UAE government.

3 Easy business setup inside the free-trade zone

Some of the authorized zones in Dubai and the UAE do not impose any kind of taxes on your company. There are advantages to setting up your firm in free economic zones.

4.Elite dining establishments and lodging

one of the best spots on earth to spend time. Dubai’s downtown is home to the seven-star Burj Al-Arab hotel. Each of these amazing locations offers a lifelong collection of unforgettable experiences. Dubai offers these expatriates in the area Zaroob, Tom and Serg, Bu Qtair, Din Tai Fung, Ravi restaurant, Calicut Paragon, and much more.

5 New developments in the Industry

Dubai is the birthplace of several recent laws and regulations. Global exhibitions like Gulf Food Manufacturing serve as a focal point for the food and beverage industry’s display of international goods, services, and innovations. Additionally, the event will serve as a forum for discussion on pressing issues such as rising food prices, sustainable development, maintaining inflation, food engineering, and many.

Food & Beverages

Check the appetite of the UAE market for the latest food and beverage trends.

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The food and beverage industry in the UAE has been growing steadily for some time. Because to the consistent growth throughout the years, fresh and packaged food sales reached USD 13.5 billion in 2018. Since then, this increase has accelerated due to the government’s food policy, a wealthy and diversified people, and a demanding desire for novel foods.

Today, the UAE’s food business alone generates USD 37.9 billion in revenue. Elaborate tasting menus, sustainable produce, and free-from meals are becoming more popular as the UAE solidifies its position as a worldwide culinary hub.

There is a vast amount of potential opportunity for ambitious businesspeople. So, if you’re ready to dive in, stay reading to learn how to make the most of this enormous and expanding market.

A look at the food and beverage industry in the UAE

In recent years, the UAE has made significant progress toward economic diversification. Because of this, the food and beverage sector in the nation is one of its most rapidly expanding ones, and it currently ranks sixth in the MENA region in terms of overall consumer spending.

Due to increasing disposable incomes, an increase in tourists, and a growing, diversified population, the UAE market lead the way in the Middle East closer to home. The UAE food and beverage industry expects per capita spending to reach USD 3,900 by 2025. Several trends are fueling increased revenues in this huge and expanding business.

Top chefs from all over the world are flocking to the Emirates as a new culinary hub to create new restaurants and attract customers with innovative and eye-catching meals. Tourists are actively advertised these high-end fine dining experiences, and with the number of visitors to the UAE set to top 30 million annually for the foreseeable future, demand is never been stronger.

The non-alcoholic segment of the beverage market is also expanding significantly. Revenues are anticipated to reach USD 1.6 billion in 2023 and experience yearly increase of roughly 3% through 2027, mostly due to a switch from traditional sweetened beverages to healthier alternatives.

This is only one reason for the rising demand for products that are healthful, environmentally friendly, and free of artificial ingredients that to be major growth in coming years.

A significant market for international food imports, exports, and re-exports continues to be the UAE.

The commerce in food and beverages in the first three quarters of 2021 totaled more than USD 20 billion. Around USD 12.8 billion of this total was made up of imports, next to exports (USD 4.1 billion) and re-exports (USD 3.3 billion). As the UAE moves to diversify its import sources and boost its emphasis on locally grown goods as part of its National Food Strategy 2051, we can anticipate an increase in these statistics. By enhancing local output, expanding international relationships, and utilizing resilient agricultural methods, the program seeks to elevate the UAE to the top rank in the Global Food Security Index by 2051.

Opportunities in the food and beverage industry in the UAE

Anyone with the means to produce or put together food and beverages ready for sale has a great potential with a greater focus on local agriculture. This could entail starting from beginning in farming or manufacturing, packing products for local retail sales, selling at wholesale to restaurants, or getting food ready for export.

For individuals wishing to procure and re-export foodstuffs and drinks around the world, the National Food Strategy’s goal to diversify imports and establish new international trading connections is encouraging.

The market for upscale restaurants also has substantial development potential. With 12 restaurants with Michelin stars and 18 listed in the Top 50 restaurants in MENA, the fine dining sector in the UAE is thriving. Those who have access to them will have no trouble finding clients as the market for more upscale and exclusive foods and drinks expands along with it.

However, eco-friendly goods and procedures may currently present the highest market opportunity in the food and beverage sector in the UAE.

As part of their commitment to “sustainable food production via the use of modern technologies,” the UAE’s leaders have made large investments in this sector and will keep doing so.

This emphasis on innovation and environmental sustainability is probably going to open up more prospects for vertical and hydroponic farming, as well as for the growth of drought-, heat-, and salt-tolerant crops.

Growth in this industry will also be fueled by rising customer demand for environmentally friendly solutions. Revenues from greener options like organic produce reached USD 34 m in 2020, and by 2025, this industry is predicted to increase at a compound annual growth rate of 9%.

Beyond food and drink, the need for greater sustainability also includes how they are packaged and enjoyed. By 2024, the UAE intends to outlaw single-use plastic bags, and by 2026, plastic cups, plates, and silverware.

This action is a symptom of changing views toward waste and offers a substantial potential for companies that can find or produce environmentally friendly substitutes. The possibility includes environmentally appropriate storage and delivery containers made of wood, cardboard, or bamboo as well as sustainable food packaging.

Starting a food and beverage company in the UAE

The MENA region’s gastronomic and sustainability evolution is strongly centered in the UAE. Therefore, enterprises in this region are best positioned to anticipate market developments and take advantage of the numerous opportunities presented by the nation’s burgeoning food and beverage sector.

Our knowledgeable team at RAKEZ can assist you if you want to learn more about opening a F&B business in the UAE. From selecting and applying for your company’s license to receiving the permits and approvals necessary to trade, we’ll walk you through every step of the process. This includes knowing the advantages of investing in Ras Al Khaimah.

Travel & Explore

Reasons Tourists Are Attracting To This Middle Eastern Destination

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One of the most famous tourist destinations in the Middle East, Dubai has recently experienced an explosion in popularity.

The city was ranked as the top travel destination in the globe, and visitor numbers have been rising rapidly. More than 4.67 million tourists visited Dubai between January and March of this year, according to the most recent tourism statistics provided by the government of Dubai. This puts Dubai on track to surpass its previous tourism record of 16.73 million tourists in 2019.

Even though tourists are pouring into Dubai, a majority of them are foreigners. Only 7% of Dubai’s visitors are from the Americas, with the remainder hailing from Europe and Asia.

1.Great Place to Stop Over

Dubai is a fantastic place to layover. As one of the main airport hubs in the Middle East, Dubai is a well-liked location for connecting flights.

Why not break up a lengthy travel to Asia or Oceania with a multi-day layover in Dubai? In just a couple of days, you may see and do a lot.

For passengers with layovers of 10 to 24 hours, airlines like Emirates even provide special packages that consist of a free hotel stay and airport transfer.

2. Cost-effective Luxury

Dubai is renowned for being an incredibly glamorous tourist destination, yet many people are unaware of how inexpensive it is compared to other places.

For instance, a five-star hotel in Dubai will frequently cost less than half as much as one in New York, London, Paris, or Tokyo. Although expenses like dining out and entertainment can add up quickly, a luxury vacation in Dubai is still surprisingly inexpensive.

3. Special Activities

The Palm Jumeirah island construction and Global Village, a type of theme park featuring 90 countries, are just two of the many unusual things you can do in Dubai.

Another of the best activities to do in Dubai is to visit the beach. The city is well-known for its beach clubs and activities on the Persian Gulf like kayaking, kitesurfing, and paddle boarding.

4. Look at the Desert

Visits to the desert are among the most well-liked pastimes in Dubai. A short distance from Dubai is the Arabian Desert. Watching the city disappear as you are sucked into the huge, barren desert is breathtaking.

One of the best things to do in Dubai is to go on a desert safari. These day trips frequently include pursuits like camel riding and sandboarding.

5. Stunning Architecture

Dubai is renowned for its sleek, contemporary architecture. The Burj Khalifa, the highest structure in the world, is located in this city. Without stopping by one of its observation decks, a journey to Dubai is not complete.

Visit the Aura Skypool, the tallest infinity pool in the world, which is perched atop The Palm Tower. The well-known Dubai Fountain, which performs a nightly performance, is another must-see.

6. Entertainment and Nightlife

And lastly, Dubai is renowned for having a fantastic nightlife and entertainment scene. Even though Dubai is a Muslim nation, visitors are permitted to consume alcohol there in authorized hotels, pubs, and eateries.

Additionally, Dubai recently eliminated its 30% municipality tax on the sale of alcohol, making it significantly less expensive to go out now.

Dubai provides a ton of exciting nightlife alternatives, including top-notch restaurants, performances, and sights, even if you don’t want to drink.

Travel & Explore

Emirates Group intends to conduct a “mammoth” hiring drive in order to support business expansion.

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As it increases its personnel in preparation for its upcoming significant growth phase, The Emirates Group is planning a “mammoth” global recruiting drive for 180 posts.

The multinational aviation firm with headquarters in Dubai is looking to hire customer service representatives for both Emirates and data as well as flight attendants, pilots, engineers, and IT specialists.

Oliver Grohmann, senior vice president of human resources, stated that “we are using the most cutting-edge technologies, such as digital assessments, artificial intelligence, and other top-notch recruitment systems, to shortlist, select, and react to candidates in the most efficient and effective ways.”

We are concentrating on hiring the individuals who are most qualified for the many positions that will back up and propel our long-term growth and expansion.

On March 31, Emirates Group reported having more than 102,000 employees, having hired 17,160 people for a variety of positions throughout the course of the year. For employment across the organization, it received around 2.7 million applications globally during the most recent fiscal year.

The group’s “mammoth” employment drive coincides with the airline expanding its network following a strong recovery from the Covid-19 epidemic and adding capacity with the arrival of new Airbus A350s commencing in mid-2024 and Boeing 777X wide-bodies from 2025 onwards.

In anticipation of growth amid a “buoyant travel market” and a “optimistic outlook overall,” Emirates Airline is expanding operations and its employees, it stated.

Emirates’ intentions to increase its workforce come at a time when the global aviation sector is struggling to find workers for all positions, including pilots, luggage handlers, ticket agents, flight attendants, and aircraft mechanics.

According to the International Air Transport Association, passenger traffic will return to 2019 levels in 2024. North America will take the lead in 2023, followed by Europe, Latin America, and the Middle East in 2024, and then Africa and the Asia-Pacific area in 2025.

Airlines continuing to make investments in new aircraft and technology to expand their operations after the pandemic prompted them to ground planes and retire older types, encouraged by the rise in travel demand.

When opposed to the faster-than-expected rebound in travel demand, hiring has been rather gradual. This is because many aviation personnel were laid off during the epidemic and transferred into other, more adaptable jobs.

Nevertheless, as travel demand increased, UAE airlines like Emirates and Etihad Airways employed flight attendants and pilots during recruitment drives in locations all over the world. More applications than there are open positions has been submitted.

By 2032, the commercial aviation industry will require the recruitment and training of an estimated 1.18 million new employees to replace open positions brought on by retirement, attrition, and industry growth.

The Canadian aviation training organization estimated that in ten years, the Middle East’s commercial aviation sector would need 28,000 commercial pilots, 22,000 commercial maintenance technicians, and 78,000 cabin crew.

The positions for which Emirates is hiring as well as how to apply

Emirates outlined the qualifications for each type of position in its most recent call for pilots, cabin crew, and other staff members while directing candidates to its website for more information.

Emirates hosts open houses and invite-only events to hire cabin crew all year long in hundreds of cities all over six continents. According to the statement, the hiring procedure is planned to be finished in a single day, and candidates are contacted 48 hours after the assessment.

The airline has announced that it will have a series of open days in August to find new pilots in the UK and Ireland, notably in Dublin and Manchester, as well as at London Gatwick and London Stansted. Following the holding of comparable events in Budapest, Madrid in June.

On its three recruitment programs for direct entry captains, rapid command, and first officers, the airline has hired almost 900 new pilots since 2022.

In July and August, Emirates’ engineering division is organizing open houses in Australia, Canada, Brazil, South Africa, and the UK.

Along with more than 400 opportunities in engineering support and aircraft maintenance engineering, the airline is seeking 75 structural technicians.

The airline needs the extra engineers and technicians as it embarks on a significant refit program for its cabins and gets ready to receive the A350 and 777X in 2024 and 2025, respectively.

More than 400 IT professionals are also being sought by the Emirates group for a variety of positions in software engineering, DevOps, hybrid cloud, agile delivery, technical product management, digital workplace, cyber security, IT architecture, innovation, and service management.

Customer support representatives are also in demand in contact centers, dnata, marhaba service, and Emirates Airport Services.

According to the statement, the group is also looking to fill positions with dnata, Emirates SkyCargo, and airport services.

Technology

Dubai’s Tech-Way To A Smart City

head dubai July 4, 2023 No Comments

Utilizing the power of technology, Dubai is laying the groundwork for its residents and visitors. It has long been renowned for its magnificence, richness, and friendliness. It’s interesting to note that it has evolved recently into a center for innovation and technology, offering inhabitants and visitors new levels of comfort and ease. Dubai is becoming a leader in the realm of technical breakthroughs and is creating new standards for smart cities.

WHAT MAKES DUBAI A SMART CITY?

The city has been developed into an ideal smart city under the Smart Dubai 2021 vision, transforming how public services are delivered.

The metropolis has expanded in unfathomable ways in the areas of medical care, technology, agriculture, and other fields since this introduction. The prosperity of the city as a whole has been recorded by numerous tech events in Dubai, which have attracted professionals to speak about their perspectives on this progress.

THE USE OF TECHNOLOGY TO ACHIEVE EFFICIENCY IN LIFESTYLE.

Dubai is utilizing technology to enhance the quality of life for its citizens and get to the top of the technological world. To safeguard the environment, rationalize energy use, and lower carbon emissions, the government has started a number of programs and projects.

A variety of players in the ecosystem to assist Dubai’s desire to lead the world in technology have been encouraged, including Astrolabs, a coworking space and innovation hub. Dubai wants to rank among the top 10 global hubs and economies for the metaverse. Dubai wants to provide inhabitants and visitors with a seamless, secure, effective, and significant experience across all sectors by utilizing the potential of emerging technology.

SMART TRANSPORTATION IN DUBAI:

Dubai is implementing smart transportation regulations to help shape the course of future international travel. According to the Dubai Plan for Self-Driving Smart Transportation, 25% of all trips in Dubai are to be made by autonomous vehicles by 2030. Smart mobility is one of the main components of the Smart Dubai IoT plan, which aims to facilitate Dubai’s development into a smart city.At renowned IT conferences and tech events in Dubai, the city’s transportation ingenuity is frequently discussed. Here are a few examples:

  • Public transportation is crucial in smart cities since without it, movement is practically impossible. Urban planning is at the forefront of attaining sustainable smart mobility by adopting innovations and automation transportation systems for the twenty-first century.
  • Cities could transform as a result of smart mobility innovations like adaptive traffic lights and micromobility like e-bikes.
  • Smart technology may enable the average traveler in a congested city with extensive transit to save roughly 15 minutes daily.
  • The time savings might be up to 20 to 30 minutes per day in a city that is expanding and where commuting times are longer.

Smart technology is quite popular in Dubai for the following reasons:

To become a truly forward-thinking metropolis, Dubai has made every effort to invest in and develop innovative, progressive, and smart technologies. IT experts at tech events in Dubai concur that this affects both the businesses that would profit from these initiatives as well as the country’s inhabitants. By building an outstanding infrastructure that supports and encourages growth, business, and innovation, the city is improving daily processes and operations.

In order to increase sustainability and seamlessness, as well as to change how residents receive government services, the government has developed over 100 smart projects and 1,000 smart services with the goal of raising citizens’ happiness quotients. Due to its notable accomplishments, Dubai has been recognized by the United Nations as a role model for a smart, sustainable, and resilient metropolis.

A FEW OF DUBAI’S LEADING TECH REVOLUTIONS:

  • Dubai HyperloopWith the help of this clever architectural design, the distance among the two locations should only take 12 minutes to travel. A
  • dditionally, it is thought to be the first Hyperloop route to launch. The Hyperloop will significantly reduce the amount of time needed to travel 139 kilometers (86 miles).
  • Mars on Earth For its Martian city in the Emirati desert, Dubai is getting ready to colonize the Red Planet. It is the first phase of the UAE’s ambitious 100-year Mars colonization plan and will accommodate 600,000 people.
  • Oasis Eco LodgeWhat distinguishes Dubai as a genuinely smart city is the scope of its objectives. On one side, there are drones and jetpacks, yet environmentally friendly innovation is also highlighted.

DUBAI’S SMART HEALTHCARE:

To raise the standard of healthcare services, Dubai is putting smart healthcare initiatives into practice. A brand-new “smart” hospital with 350 beds has opened in Dubai Silicon Oasis (DSO) and is now accepting patients. It is called the Fakeeh University Hospital. The hospital is equipped with cutting-edge technology, including artificially intelligent equipment and the Internet of Things (IoT), to provide patients with a seamless and personalized experience.

The majority of expats in Dubai has private medical insurance, allowing them access to some of the greatest private hospitals and clinics in the world. Intelligent healthcare is one of the main components of the Smart Dubai IoT plan, which aims to facilitate Dubai’s development into a smart city. Dubai wants to provide residents and visitors with a seamless, secure, effective, and significant healthcare experience by utilizing the possibilities of emerging technologies.

WHERE IS SMART DUBAI GOING IN THE FUTURE?

By announcing its plans and objectives to accept the future and becoming a leading metropolis of the future, Dubai is establishing itself as a worldwide tech leader. To help Dubai become a leading metropolis of the future, the Dubai Future Foundation has launched projects in five primary areas of focus.

The Internet 2.0 Conference is the ideal venue if you want to learn more about what Dubai has to provide in terms of modernisation and technology. One of the most awaited tech events in Dubai, this conference provides tech aficionados with the most recent information about technology and invites eminent speakers and academics to offer their thoughts on anything tech.

Technology

How Tech is Revolutionizing Real Estate Deals and Regulations: The Rise of Prop Tech in Dubai

head dubai July 4, 2023 No Comments

Dubai keeps expanding and implementing the newest technology in every industry. The UAE is aware of the opportunities that the tech sector can offer the real estate sector. Prop Tech has already begun to change how business is done and how it is governed. More regional and international investors have effectively been enticed to focus their attention and resources on this industry. This is not unexpected, though, as Prop Tech has increased the accessibility, efficiency, and openness of all transactions required for the investment process. You only need to continue reading to find out more information.

What is Prop Tech?

PropTech is a term used to describe the use of technology to advance real estate investing processes. A. I. blockchain, virtual reality, and the World Wide Web of Things (IoT) are just a few of the technologies mentioned. Dubai has been successful in revolutionizing this industry and its laws through the use of PropTech’s technologies.

The adoption of the blockchain method is one example of how PropTech has altered the real estate industry.

The Dubai Land Department has so far implemented blockchain in three sectors of the real estate division. Which are:

  • Developer sales of real estate in the DLD mobile application Ownership verification Smart leasing

The government of Dubai has resorted to this technology in this sector to achieve several goals:

  • The blockchain strategy makes it possible to eliminate the possibility of reproducibility from digital assets.
  • This will create digital assets that are trusted by all those involved.
  • With blockchain, property transactions can be recorded from start to finish, providing all participants with shared, immutable, and transparent data.
  • Paper documentation can be replaced with digital records, which helps in saving time and reduce clutter.

Integrating required stakeholders through the blockchain network increases operational efficiency by eliminating manual processes.

 

By utilizing artificial intelligence

Artificial intelligence will inevitably have an impact on Dubai’s real estate market.

  • In order to significantly increase customer satisfaction and reduce the workload on personnel, chatbots are employed to respond to inquiries and questions and to offer feedback.
  • Massive amounts of data are also analyzed using AI to spot patterns and trends in the real estate industry. This aids in the educated costs, investment, and development choices made by real estate corporations.
  • Investors can sell at the best time because AI can predict a property’s value movement for the upcoming year.

AI enables investors to examine property valuations in as short as ten seconds, reducing the likelihood of overpaying or underselling.

Virtual Reality User Experience Improvement

  • Another development that has contributed to the success of Dubai’s real estate market is virtual reality.
  • Customers can easily take a virtual tour of the property they wish to buy online without having to be located in the city.
  • The targeted audience has grown significantly as a result, encouraging more people to make investments in the industry.

More people are tempted to make investments in the field since they may save time and avoid making in-person visits.

 

Making use of the World Wide Web of Things

  • The Internet of Things (IoT) is being used by the real estate sector to improve the effectiveness of property management:
  • Today, commodities like electricity, water, and gas may be monitored and controlled by intelligent sensors and meters.
  • Property managers can find inefficiencies and save expenditures, thereby saving money.
  • Building security is improved with smart locks and access control systems, which also have mobile apps for simple control.
  • Property managers can focus on other essential tasks with IoT devices while the devices monitor and control utilities.
  • IoT devices can help save energy and reduce environmental impact by identifying wasteful usage and reducing consumption.

The REST platform is presented.

Since the Dubai Land Department (DLD) introduced the “Real Estate Self-Transaction” platform, also known as REST, the real estate industry has undergone a significant improvement. Real estate investors may now do all of their business electronically without ever leaving their homes thanks to this platform. The platform has also sped up the purchasing and selling of real estate, cutting down on the time and expenses involved in conventional business.

In summary

The Dubai administration is aware of the value of the real estate industry to the local economy. As a result, it has done everything in its power to enhance it and entice more people to make investments in this sector. The use of technology has improved the experience for both buyers and sellers. Have you ever considered making an investment in real estate? Why? Comment here and share your ideas with us. As always, we look forward to hearing from all of you.

Technology

Top 10 mobile apps to download in Dubai

head dubai July 4, 2023 No Comments

Here is a list of top 10 mobile apps to download in Dubai.

  1. The mParking
    You don’t have any spare coins with you. Then, all you have to do to pay for parking with your phone is send a text message to 7275. The format is really straightforward: first enter the number from your license plate, then the number from your parking zone, and finally the amount of hours required. A message of confirmation is returned to you nearly instantly, and 15 minutes before the end of your payment period, a message of renewal is given to you.

This service only requires a single online application, which can be a hassle, but after that, it’s a remarkably simple tool to use.

2. UAE Businessman
This is a classified app for smartphones that allows users to purchase, sell, and search for items that are posted, such as vehicles, real estate, and furniture. Downloading the app and signing up are both free. You can publish as many ads and photos as you like, and posting products is a quick and clear process.

3. DHA
The Dubai Health Authority’s (DHA) free app lets you look up and reserve a doctor’s appointment as part of the “m-government” program, which was recently introduced to make additional government services accessible on smartphones.
Customers can access lab results and appointments while using this app, which also lists DHA locations on a map and provides driving instructions to the clinic.

4. Fitlov

A fitness platform located in Dubai called FITLOV assists consumers in locating the top personal trainers and creating custom workout and diet regimens with them. The personal trainer will take you through planned workouts while visiting your selected location or even setting up a live streamed session. The goal tracking is the most crucial component because it allows you to constantly assess your progress and makes use of the personal trainers. Fitlov’s fitness trainers are skilled in a wide range of activities, from yoga to weightlifting, and you may select from a number of packages to best meet your goals.

5. DEWA
DEWA has launched an app through which you can check and settle utility bills in Dubai, and it is accessible on iOS, BlackBerry, and Android operating systems. You can also use the app to record a complaint with a GPS location and, if necessary, send an immediate photo of the issue. Additionally, it offers you advice on how to reduce your use of electricity and lists the locations and phone numbers of the customer support offices.

6. Salik Battery
You may easily and conveniently recharge your SALIK account using this straightforward application. For the first time, just input your user name and PIN. Then, just enter the scratch card number to continue using the app. You can simply keep track of your Salik balance, as well as the moment, day, and location where Salik gates were traversed.

7.Dubai Police
You may see the most recent news from Dubai Police and find the closest police station to you by quickly clicking on the emblem. On this app, the traffic fines and black points are also shown. The only drawback is that there isn’t a payment option currently, but you are able to pay them online.

8.RTA Dubai
You can get in touch with the RTA immediately through this service using a mobile device. This app, that offers information on the location of the closest service center and metro or bus station, is quite helpful. Additionally, it makes it easier to use the mParking Service and enables you to book a cab just by stating your location and name. For NoL cards, the fare calculation is presented.

9. Maps on Google
All Gulf smartphone users depend on Google Maps as their primary GPS system. Finding places and learning about new places has never been simpler thanks to audio prompts, route alternatives, and predicted ETAs.

10. UAE Yellow Pages
The most popular directory in the United Arab Emirates is Yellow Pages. Look up company discusses, phone numbers, fax numbers, websites, emails, and advertisements. With over 1,300 categories and frequently updated listings, Etisalat Yellow Pages is now available at your fingertips. The user-friendly layout of this iPhone app allows you to store items directly to your contact list.