Get anywhere in Dubai, in 20 minutes! All the key projects in Dubai’s Quality of Life strategy 2033 Just 20 minutes. That’s how long it will take you to get to most places in Dubai in the next 10 years. The ‘20-minute city’ concept is part of the Dubai Quality of Life Strategy 2033, which is going to significantly enhance life in Dubai for residents and visitors. Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the strategy was approved on Tuesday, May 14, by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council. This strategy is set to transform Dubai, promising an environment designed for optimal living standards, with over 200 projects, initiatives, and plans, all meticulously crafted to enhance the quality of life in Dubai. Here’s a glimpse into the future of Dubai over the next decade. Mobility and Transportation. By 2033 … • 25 per cent of trips will be self-driving, 45 per cent will be completed through sustainable means.• Cycling lanes across the emirate will be doubled, extending for up to 1,150km.• Bus routes will be increased by 117 per cent, from 4,008km to 8,722km.• Railway network will be expanded from 100 to 159km. 2. Beachfront Development Your favourite beaches are also going to get an upgrade very soon. Plans are in place to upgrade the beaches at Jebel Ali, Jumeirah, Umm Suqeim and Al Mamzar, to increase public services, accessibility, cycling tracks, night swimming facilities, and also create dedicated women’s beaches. Here are some of the ways in which these public areas will be upgraded: 100 per cent accessibility for People of Determination and senior citizens. • Expanding cycling tracks on beaches by 300 per cent. • Extending the length of night swimming beaches by 60 per cent. These initiatives are aligned with the objectives of the Dubai 2040 Urban Master Plan, which aims to increase the length of public beaches by 400 per cent. 3. 20-Minute City Concept Imagine living in a city where 80 per cent of essential services are accessible within a 20-minute journey using sustainable and soft mobility (non-motorised transport) options. This is the future that Dubai envisions. The 20-minute city concept will revolutionize urban living, ensuring convenience and reducing the carbon footprint by promoting walking, cycling, and the use of e-scooters. 4. Wellbeing Districts And Infrastructure Enhancements Communities will also see a major upgrade in the quality of life with the following projects: Wellbeing Districts: Creation of areas designed for health, leisure, and community activities. Model Neighbourhoods: Al Mizhar 1, Al Khawaneej 2, and Al Barsha 2 will see infrastructure upgrades including social amenities, parks, mosques, shops, and improved connections. Pedestrian and Cycling Tracks: Construction of over 115 km of tracks, planting over 3,000 trees, and creating 20 investment opportunities. Redevelopment: Upgrading streets, shaded canopies, lanes for bikes and e-scooters, pedestrian walkways, and family recreational spaces. 5. Next Generation of Parks As part of the plan, over 30 parks will be developed, tailored to diverse community needs, reflecting each district’s unique character. 6. Sustainable urban development Aligned with the Dubai 2040 Urban Master Plan, the strategy features an integrated roadmap for sustainable urban development in the city for all segments of the community, establishing Dubai as one of the world’s best cities in terms of wellbeing. 7. Natural Environment And Sustainability Environmental Monitoring: Three hundred and seventy six stations for monitoring aquatic environments and air pollutants. Waste-To-Energy: The strategy will bring to Dubai the world’s largest waste-to-energy conversion project. Wildlife Reserves: Eight natural wildlife reserves spanning 1,266 square kilometres and marine reserves covering 32 square kilometres will also be built. Solar Energy: The strategy has set several targets in the field of energy in the run up to 2033. Key initiatives include expanding electricity charging stations across Dubai and developing the Mohammed bin Rashid Solar Park, the world’s largest single-site solar energy park. Green Spaces: Increasing public parks area from 23 to 64 square kilometres and developing over 200 parks and squares. 8. Cultural and creative hub By 2023, Dubai will be … Hosting over 1,000 annual sports, community, cultural, arts, and entertainment events. Increasing areas for entertainment, tourism, and hotels by 134 per cent by 2040. 9. Youth and children initiatives The plan also lays great emphasis on early development, focusing on mental health, newborn screening, active schools, youth counselling, internet safety, and a Science, technology, engineering, and mathematics (STEM) museum for children. 10. Community and social wellbeing The plan will also be aimed at promoting a cohesive community, preserving cultural heritage, and enhancing social cohesion, along with encouraging cultural diversity and providing entertainment options for all demographics.

Dubai Ranked Wealthiest City In The Middle East’s with 72,500 Millionaires Dubai’s reputation for extravagance gets a whole new dimension as it clinches the top spot for wealthiest city in the Middle East. A recent report reveals a staggering 72,500 millionaires now call Dubai home, representing a phenomenal 78% growth over the past decade. This impressive surge in high-net-worth individuals propels Dubai to a prestigious 21st position on the global list of wealthiest cities. More Than Just Sand and Sunshine: This wealth boom isn’t limited to Dubai alone. Fellow UAE city, Abu Dhabi, follows closely with a millionaire population of 22,700, experiencing a remarkable 75% growth. Even Sharjah witnessed a significant rise of 95% in its millionaire population, reaching a total of 4,100. Global Wealth Landscape: While Dubai reigns supreme in the Middle East, the report paints a fascinating picture of global wealth distribution. New York City remains the undisputed champion, with a staggering 349,500 millionaires residing within its borders. The city’s total wealth now surpasses the combined wealth of most major G20 countries! San Francisco Bay Area and Tokyo hold strong positions at second and third, respectively. The Winds of Wealth Change: The report also sheds light on interesting trends in wealth migration. Singapore has emerged as a magnet for millionaires, attracting a significant influx of high-net-worth individuals seeking new opportunities. On the other hand, London has seen some outward wealth migration, dropping to fifth place with a population of 227,000 millionaires. Emerging Wealth Hubs: Beyond established powerhouses, the report highlights exciting newcomers. Shenzhen in China boasts the fastest-growing wealthy population globally, with a remarkable 140% increase in millionaires over the past decade. Other cities like Bengaluru (India), Scottsdale (US), and Ho Chi Minh City (Vietnam) show promise for future wealth growth, making them destinations to watch. Where Money Talks: Finally, the report reveals Monaco as the city with the highest wealth per capita. Over 40% of its residents can claim millionaire status, solidifying its image as a playground for the ultra-rich. Top 5 wealthiest cities in the Middle East and their millionaire population Dubai: 72,500 Tel Aviv: 24,300 Abu Dhabi: 22,700 Riyadh: 18,200 Jeddah: 7,500 Top 10 wealthiest cities globally and their millionaire population New York: 349,500 San Francisco Bay Area: 305,700 Tokyo: 298,300 Singapore: 244,800 London: 227,000 Los Angeles: 212,100 Paris: 165,000 Sydney: 147,000 Hong Kong: 143,400 Beijing: 125,600

Dubai Unveils $35 Billion Plan for World’s Largest Airport Terminal Dubai has kicked off the construction of a massive $35 billion airport terminal, slated to become the largest in the world upon completion, according to the emirate’s ruler. Sheikh Mohammed bin Rashid Al Maktoum, Dubai’s Prime Minister and Vice President, revealed on Sunday that the new terminal would be five times the size of the current Dubai International Airport. It’s designed to accommodate an impressive 260 million passengers annually. The ambitious project involves transferring all operations from the existing Dubai International Airport to the new Al Maktoum International Airport over the coming years. Sheikh Mohammed emphasized that this move is not just about building an airport but about creating an entire city around it in Dubai South. This expansion will drive demand for housing and attract top companies in logistics and air transport. “We are laying the foundation for future generations, ensuring sustained development for our children and their children,” Sheikh Mohammed remarked. Once finished, Al Maktoum International Airport, which initially opened its doors in 2010, will become the new home of Emirates, Dubai’s flagship carrier. The facility will boast five parallel runways and a staggering 400 aircraft gates. Paul Griffiths, CEO of Dubai Airports, hailed the project as a significant milestone that will strengthen Dubai’s position as a global aviation hub. He emphasized the vital role of aviation infrastructure in Dubai’s growth trajectory. Dubai International Airport has been the world’s busiest airport for international travel for a decade, but its capacity has been stretched thin. In 2023, nearly 87 million passengers passed through the transit hub, surpassing pre-pandemic levels. Dubai’s tourism sector has also been thriving, with a record-breaking 17.15 million international overnight visitors in 2023, marking a nearly 20 percent increase from the previous year.

(Unveiling the Unprecedented Success of Dubai and Abu Dhabi) Dubai and Abu Dhabi, the dynamic duo of the United Arab Emirates (UAE), are turning heads in the Gulf Cooperation Council’s (GCC) real estate scene. A recent report from Kamco Invest highlights the UAE’s dominant position, setting new records and surpassing expectations. Let’s explore the key findings that showcase the UAE’s exceptional success in the $172 billion GCC real estate market. 1. UAE Takes the Lead with Remarkable Growth The Kamco Invest report unveils a remarkable feat for the UAE in the real estate sector. In the first ten months of 2023, real estate deals in the UAE soared to an impressive $171.6 billion, marking a substantial 21.1% annual growth compared to the same period in 2022. The UAE has truly taken the lead among GCC countries, setting a new standard for growth in the region. 2. Dubai’s Role as the Powerhouse Dubai, the shining gem in the UAE, emerges as the powerhouse driving this phenomenal surge. Accounting for a staggering 52.1% of the total value of real estate deals across all GCC countries, Dubai’s exceptional performance witnessed a nearly 57% annual increase in the value of real estate deals during the same period. The city’s allure and strategic initiatives have positioned it as a real estate force to be reckoned with. 3. Abu Dhabi’s Impressive Rise While Dubai commands attention, Abu Dhabi, the capital of the UAE, is not lagging behind. The report highlights a notable 56% increase in the value of real estate deals in Abu Dhabi during the first nine months of 2023. This significant rise contributes substantially to the overall success of the UAE’s real estate market, showcasing a well-balanced and thriving sector. 4. Exceeding All Expectations The UAE’s robust performance has not only met but exceeded expectations. Surpassing the estimated $165.8 billion for the entire GCC in 2022, the country’s resilience and strategic investments have propelled it to the forefront of the region’s real estate market. With increasing demand for luxury properties and branded residences, the UAE continues to lead the way as a beacon of success in the flourishing Gulf real estate landscape. As we approach the close of 2023, the UAE stands tall, a testament to visionary leadership, strategic investments, and an insatiable demand for prime properties. Dubai’s dominance and Abu Dhabi’s rising prominence paint a picture of sustained success, setting the stage for a promising future in the Gulf’s real estate arena.

(Navigating the Path to Prosperity in Dubai’s Thriving Real Estate Market) The allure of Dubai’s booming real estate sector is drawing ambitious individuals to explore a career in this dynamic industry. However, the journey to becoming a successful real estate agent in the emirate involves more than just enthusiasm. Let’s delve into the essential requirements and milestones, ensuring you’re well-equipped to thrive in Dubai’s vibrant real estate market. 1. Securing Residency: Setting the Foundation For individuals without UAE residency or GCC nationality, the journey begins with obtaining a valid residency visa. This pivotal step lays the groundwork for pursuing a lucrative career in Dubai’s real estate landscape. 2. Obtaining the Emirates ID: Official Recognition Following the acquisition of a residency visa, aspiring agents must obtain the Emirates ID. This identification is not just a formality; it’s a fundamental requirement that provides official recognition within the country. 3. Certified Training at DREI: Sharpening Your Expertise With the legal prerequisites in place, the next crucial step involves certified training. The Dubai Real Estate Institute (DREI) offers a comprehensive four-day course accredited by both the Real Estate Regulatory Agency (RERA) and the Dubai Land Department (DLD). This training covers industry dynamics, legal agreements, ethical codes of conduct, and more. Available in-person or online, the course requires a fee of AED3,000 ($817) and registration with an Emirates ID and residency permit. 4. RERA Exam: Testing Your Knowledge Following the DREI course, candidates face the Real Estate Regulatory Agency (RERA) Exam. This written assessment evaluates understanding of real estate principles and regulations. Exam fees vary based on educational qualifications, with AED3,200 ($872) for individuals with a bachelor’s degree and AED6,300 ($1,715) for those without. 5. Agent’s License: Your Gateway to Success Successfully passing the RERA Exam is a significant achievement. Candidates submit their DREI course completion certificate, RERA Exam confirmation, and a good conduct certificate. The Economic Department reviews these documents and issues a coveted Broker’s License within a few days. Remember, regular renewal is essential to keep the license valid. Rewards Await Ambitious Agents: Real estate agents in Dubai are reaping the rewards of a thriving property market. Reports indicate commissions of up to AED150,000, with annual incomes reaching up to AED500,000. As the city’s property market continues to attract global investors, the income potential for real estate professionals is on the rise. Take the Next Step Towards Your Real Estate Success – Join Dubai Realty Hub Today! Join us to access a segmented database of over 660,000 investors and tenants, receive academy training, benefit from career progression plans, and enjoy end-to-end admin support in every office. Propel your career to new heights with Dubai Realty Hub – where success meets opportunity! Your journey to becoming a real estate agent in Dubai is just a step away from unlocking unparalleled opportunities.  

(Navigating a New Era of Affordable Homeownership) In the dynamic realm of Dubai’s property market, 2024 has emerged as a pivotal year marked by a groundbreaking shift – the rise of ‘1% monthly’ payment plans. This innovative approach is reshaping the landscape, with developers strategically adopting these plans to cater to end-user buyers and create more accessible pathways for property ownership. End-User Focus: A Paradigm Shift in Strategy In a notable departure from recent trends, developers are redirecting their focus towards end-user buyers. The ‘1% monthly’ payment plan has become a linchpin in this strategy, offering a more seamless and budget-friendly experience for prospective homeowners. Affordability and Budget Planning The allure of the ‘1% monthly’ payment plan lies in its ability to offer buyers a more manageable alternative to traditional lump-sum payments. This financial flexibility proves crucial in attracting a diverse range of potential buyers, allowing for steady and predictable budget planning. Changing Dynamics of the Dubai Real Estate Market The last three years witnessed a surge in demand, driving an off-plan property boom. However, with expectations of market stabilization, developers are recalibrating their strategies. The spotlight is now firmly on end-users, considered vital for the next phase of Dubai’s property market. Challenges in the Mortgage Market As mortgage access tightens and rates escalate, end-user buyers face challenges. The ‘1% monthly’ payment plan addresses this issue, providing a more accessible entry point into the market while offering better visibility on future funding needs. Competitive Advantage Through Innovative Payment Plans In a market dominated by renowned master-developers, others are turning to innovative payment plans like the ‘1% monthly’ offer to carve a niche. This strategy serves as a competitive edge, setting projects apart amidst the surge of off-plan launches. Prioritizing Timely Completion Developers recognize the importance of meeting promised timelines for project completion. Handover schedules have become critical considerations for end-users, with timely delivery emerging as a significant factor influencing purchasing decisions in 2024. Lowering Upfront Payment Requirements To enhance buyer accessibility, developers are reducing upfront payment requirements, some as low as 5%. Coupled with extended payment periods of up to 8 years in certain projects, these initiatives contribute to a more buyer-friendly environment. Navigating Tax Implications Developers are contending with new regulations, particularly concerning corporate tax obligations on unsold units within defined timeframes. This adds complexity to the market, emphasizing the need for careful management and strategic planning. The Bottom Line As Dubai’s property market undergoes a transformative phase, the prevalence of ‘1% monthly’ payment plans stands as a testament to developers’ adaptability. For end-user buyers, these plans represent not only financial accessibility but also a window of opportunity in a market that continues to redefine itself. As we navigate the remainder of 2024, the strategic use of innovative payment structures is poised to shape the future of real estate in Dubai. Stay tuned for an exciting journey ahead!