Real estate | Dubai | AX CAPITAL

24 Aug 2023 16:23

❕❕❕❕❕ Apartments in Adhara Star

📍Arjan

17-storey residential tower from the developer, Acube. Yoga and paddle tennis court – at the ground floor. Swimming pools, japanese tea garden, and gym – on the rooftop.

▪️Private pools at the balconies. Italian kitchen appliances in all apartments

For sale:

➤ 1 bedroom – from 72m²
➤ 1 bedroom + study – from 78m²
➤ 2 bedrooms + study – from 105m²
➤ 3 bedrooms + study – from 141m²

Prices: from $309,000

❗️Exclusive Offer until August, 31 2023:

▫️Fully Furnished Apartments
▫️100% Registration Fee Waiver

Benefits:

✓ Sauna and Steam Room
✓ BBQ Area
✓ Retail Shops
✓ Kids' Play Area
✓ 3-Storey Parking

3 Payment Plans:

Option 1:

1% Monthly Payment Option

20% – Down Payment
40% – During Construction
40% – 3 Years Post Handover

Option 2:

20% – Down Payment
40% – During Construction
40% – On Handover

Option 3:

40% – Down Payment
40% – During Construction
20% – On Handover

🔑 Handover – Q2 2025

Leave a request: +971521718769

✅ Agency commission – 0%

#new_launch

Real estate | Dubai | AX CAPITAL

23 Aug 2023 16:14

FROM BUDGET STUDIOS TO LUXURIOUS MEGAMANSIONS

Is it true that the secondary real estate market in Dubai is less developed than the off-plan? What can it offer to a sophisticated investor?

Explore how the secondary market has evolved and what opportunities it presents.

Host of the episode – Sales & Leasing Director at AX CAPITAL, Mario Volpi.

Real estate | Dubai | AX CAPITAL

22 Aug 2023 16:04

The luxurious waterfront project, SLS Residences The Palm, was launched in Dubai.

📍West Crescent of Palm Jumeirah

Pre-registration was announced in March 2023 ➤ View project

The waterfront residential complex operated by the hospitality company, Ennismore, features 113 units:

➤ Apartments with 2 and 3 Bedrooms
➤ Duplexes with 3 and 4 Bedrooms
➤ Penthouses

Benefits:

✓ Private Beach
✓ Infinity Pool
✓ Fitness Centre and many more

#real_estate_dubai

——

Sharjah and Ajman Real Estate Markets kept expanding in July 2023.

According to the Sharjah Real Estate Registration Department, 2,783 real estate transactions worth $517 million were registered:

24.6% ➤ 684 Sales Transactions
16.1% ➤ 447 Mortgages
59.3% ➤ 1,652 Other Transactions

The Department of Lands and Real Estate Regulation in Ajman reported that real estate transactions ↑ by 52% compared to July 2022.

The total number of transactions is 948, with a total value of $381.1 million.

#news_uae

Sources: Arabian Business, PropertyNews

Real estate | Dubai | AX CAPITAL

21 Aug 2023 16:02

🏆 July 2023 Results – Real Estate Market Records

According to the Dubai Land Department report:

➤ In July 2023, 11,092 property sales transactions worth $10.3 billion were completed in Dubai.

❗️This is the highest figures for the month of July since 2010.

Property deals show 55% volume ↑ and 80% value ↑ compared to July 2022.

5,889 transactions worth $6.9 billion ➤ Existing Properties

5,203 transactions worth $3.4 billion ➤ Off-plan Properties

Compared to July 2022:

➤ Existing volume ↑ by 40%, the value ↑ by 71%

➤ Off-plan volume ↑ by 75%, the value ↑ by 98%

TOP Sales Areas:

Apartments

➊ Jumeirah Village Circle
➋ Sobha Hartland
➌ Jumeirah Lake Towers
➍ Arjan

Villas and Townhouses

➊ Wadi Al Safa 5
➋ Al Hebiah Sixth
➌ Wadi Al Safa 2
➍ Emirate Living

Source: Dubai Land Department

#real_estate_dubai
#records_dubai

Real estate | Dubai | AX CAPITAL

19 Aug 2023 16:15

WHO SUCCEEDS IN REAL ESTATE

Two main qualities make real estate brokers truly exceptional and ensure favorable transactions for their clients. This is something a property agent cannot learn: you either have it or not.

Discover the essential traits that define a top-tier professional real estate agent with James Glass, Director of Learning and Development at AX CAPITAL.

Real estate | Dubai | AX CAPITAL

18 Aug 2023 16:08

Trends in Dubai Branded Real Estate Market

➤ The number of upcoming branded property units will grow to 3,700 by 2026.

➤ About 90 branded residences are available in Dubai as of August 2023, compared to 40 in early 2022.

➤ The latest branded project, Bugatti Residences by Binghatti, is targeting ultra-high-net-worth individuals (UHNWIs) with a net worth of over $30 million. It remains the most expensive branded residence in Dubai, with an average price per m² of $27,000.

➤ In 2022 the difference in the average price per m² between branded and non-branded properties in the same location – 42%.

➤ Branded residences sales record in 2022 – $6.9 billion, which is an 80% year-on-year increase

Sources: Arabian Business, Knight Frank

#real_estate_dubai

——

Do you want to find out more about investing in branded properties in Dubai? Watch our video

Real estate | Dubai | AX CAPITAL

17 Aug 2023 17:15

🔥 Start of Pre-Registration – Waterfront Apartments in Coral Reef

📍Dubai Maritime City

Luxurious 56-storey residential tower from the developer, Damac Properties. The tower interiors are designed in collaboration with acclaimed artist, Vincent Faudemer. He will create exclusive Babolex sculptures in a blend of resin, bronze, and silver nitrate.

🏖 15 mins – La Mer Beach and Dubai Frame

For sale:

➤ 1 bedroom – from 72m²
Prices: from $451,000

➤ 2 bedrooms – from 111m²
Prices: from $688,000

➤ 3 bedrooms – from 164m²
Prices: from $906,000

Full Floor – 2% Discount

▪️Balconies, fully fitted kitchens and bathrooms in all apartments

Benefits:

✓ Infinity Pool and Other Pools
✓ Gym
✓ SPA
✓ Floating Cinema
✓ Sea Restaurant
✓ Interactive Art Installations

Payment Plan:

Receipts for EOI request ➤ from $23,000

20% – On Booking
50% – During Construction
30% – On Completion

🔑 Сompletion – Q1 2028

Leave a request: +971521718769

✅ Agency commission – 0%

#new_launch

Real estate | Dubai | AX CAPITAL

16 Aug 2023 16:01

The developer, Bloom Holding, launched its hotel complex with serviced apartments, Bloom Arjaan by Rotana, in Abu Dhabi.

📍Park View, Saadiyat Island

The complex under the management of the global hotel chain, Rotana, is located across the road from the New York University Abu Dhabi, and features:

• 44 Studios
• 46 One-Bedroom Apartments
• 4 Two-Bedroom Apartments

Area: from 44m² to 114m²
Prices: from $218,000

▫️Up to 8% ROI over 5 years

Two buildings of the complex are connected by a bridge with an infinity pool, located 30m above the ground.

⛳️ 10 mins – Saadiyat Beach Golf Club and Louvre Abu Dhabi

Benefits:

✓ Fitness Centre
✓ Relaxation Deck with Sun Lounges
✓ Green Spaces
✓ Meeting Rooms
✓ Restaurants and Cafes
✓ Retail Outlets

Payment Plan:

10% – On Booking
60% – During Construction
30% – On Handover

🔑 Handover – Q4 2024

Source: Arabian Business

#developers_news

——

Get information about available units in this project and buy them from us at AX CAPITAL:

📞 +971521718769

✅ Agency commission – 0%

Real estate | Dubai | AX CAPITAL

15 Aug 2023 16:02

Rixos Hotels UAE became the first hotel brand in the region to attain the certification by the organization, Global Sustainable Tourism Council (GSTC).

The certificate signifies:

✓ Highest Social and Environmental Standards
✓ Contribution to Local Communities
✓ Effective and Sustainable Management Approach

In July, Rixos and the developer, Nakheel, announced the start of sales at the resort, Rixos Dubai Islands Hotel & Residences ➤ View project

——

Azizi Developments has started the handover of its residential development, Berton

📍Al Furjan

Earlier, the developer announced the start of sales at the residential complex, Azizi Riviera 65 ➤ View project

#developers_news

Source: Trade Arabia

Real estate | Dubai | AX CAPITAL

14 Aug 2023 16:08

Emaar has reported its H1 2023 net profit has reached $1.3 billion.

❗️It's a 15% growth compared to the same period in 2022.

During H1 2023:

✓ Emaar group property sales ↑ by 14% to $5.5 billion

✓ The developer's credit rating was upgraded

✓ Emaar's UAE hotels, including those under management, average occupancy rate reached 70%

✓ Was announced the opening of the hotel, Address Jabal Omar Makkah, featuring 1,484 rooms, located at the heart of Mecca, Saudi Arabia

✓ The developer's international property sales reached $327 million, most of them in Egypt and India

✓ Recurring revenue ↑ by 11% compared to H1 2022

✓ Emaar Development, a majority-owned subsidiary, sales ↑ by 25%, totalled $5.2 billion, compared to $4.1 billion in H1 2022

Only in June, the developer announced:

▫️Launch of the premium resort-style project The Oasis by Emaar
▫️Start of sales of townhouses in Rivana
▫️Start of sales of apartments in Rachid Yacht & Marina

#developers_news

Source: Trade Arabia

Real estate | Dubai | AX CAPITAL

12 Aug 2023 16:11

🏆 AX CAPITAL AT SOBHA REALTY AWARDS

On August 10, AX CAPITAL was invited to an award ceremony by one of Dubai’s leading developers, Sobha Realty.

It was a wonderful and bright evening at the end of which our team was awarded for Outstanding Perfomances in Q1 and H1 2023 respectively.

We thank Sobha Realty for the recognition and reliable partnership. Thanks to our team for a great job, and, of course, to our customers for choosing us!

#ax_news

Real estate | Dubai | AX CAPITAL

11 Aug 2023 16:07

Dubai residential capital values rose in July 2023 according to the ValuStrat Index (VPI)

❗️Monthly capital growth exceeded market peaks of 2014

Compared to June 2023, VPI ↑ by 2%:

For Villas ↑ by 2.4%
For Apartments ↑ by 1.6%

Compared to July 2022, VPI ↑ by 12.8%:

For Villas ↑ by 17.1%
For Apartments ↑ by 9%

🔺Areas with the highest annual capital gains:

Villas:

Jumeirah Islands ➤ 22.2%
Emirates Hills ➤ 20.4%
Palm Jumeirah ➤ 20.1%

Apartments:

Palm Jumeirah ➤ 17.9%
The Greens ➤ 12.7%
Discovery Gardens ➤ 11.3%

——

Average rent in July ↑ by 22% from July 2022:

Apartments ↑ by 21.9%
Villas ↑ by 22.6%

According to the global commercial real estate services, CBRE

In June 2023, the average annual rental prices are:

Apartments ➤ $28,800
Villas ➤ $87,100

🔺Leading areas in terms of the average rental prices are:

Apartments ➤ Palm Jumeirah ($69,900)
Villas ➤ Al Barari ($297,900)

#real_estate_dubai

Sources: ValuStrat, CBRE

Real estate | Dubai | AX CAPITAL

10 Aug 2023 16:25

🔥 Start of Pre-Registration – Villas in AlJurf Gardens Project

📍Ghadeer Al Tayr, Abu Dhabi

A collection of 2-storey Arabian-style villas in the Phase Two of a premium coastal project in the gated community, Kayan, nestled between Abu Dhabi and Dubai.

Open-plan layout and sliding courtyard glass doors create a cohesion of internal and external spaces.

For sale:

➤ 4 bedrooms – 344m²
Prices: from $1,306,000

➤ 5 bedrooms – 518m²
Prices: from $1,633,000

▫️Landscaped gardens, pools and covered parking for 2-3 cars

Benefits:

🏖 Beach for residents only and the 8km canal

✓ Clubhouse
✓ Private Marina
✓ Turtle Sanctuary
✓ Open Green Spaces
✓ Restaurants and Shops
✓ Hotels and Resorts

4 Payment Plans:

10% – On Booking

➊ 20% – During Construction
70% – On Completion

➋ 30% – During Construction
60% – On Completion

➌ 30% – During construction
10% – On Completion
50% – 2 Years After Completion

➍ 30% – During Construction
10% – On Completion
50% – 3 Years After Completion

🔑 Completion – Q1 2026

Leave a request: +971521718769

✅ Agency commission – 0%

#new_launch

Real estate | Dubai | AX CAPITAL

09 Aug 2023 16:03

Sale | Apartment | $3,539,000

📍Bluewaters Island

195m², 3 bedrooms, 4 bathrooms

An elegant apartment located in the 13-storey residential building in the gated community, Bluewaters Residences. A spacious L-shaped balcony offering breathtaking full sea views.

🎡 600m – the world's largest observation wheel, Ain Dubai

✓ Furnished
✓ Open Kitchen
✓ Panoramic Windows
✓ Maid's Room
✓ Built-In Wardrobes
✓ 2 Covered Parking Spaces

For Owners:

➤ Pools
➤ Gym
➤ BBQ Area
➤ Landscaped Gardens
➤ Restaurants and Shops
➤ Children's Play Area

❗️The apartment is vacant and ready to move in.

Agent: +971521948162

#secondary_market

Real estate | Dubai | AX CAPITAL

08 Aug 2023 16:01

❕❕❕❕❕ Apartments in Azizi Riviera 65

📍Meydan, MBR City

Located in the waterfront community of Riviera, the mid-rise residential complex offers everything for a comfortable life – from a vibrant boulevard with shops and cafes to sports fields and cycling tracks.

🏖 A 2.7km crystal-clear lagoon featuring a sandy beach exclusively for residents.

For sale:

➤ Studios – from 32m²
➤ 1 bedroom – from 48m²
➤ 2 bedrooms – from 61m²

Prices: from $351,000

▪️All apartments include balconies, Italian marble floors, and a smart home system.

Benefits:

✓ Pools
✓ Yoga and Zen Garden
✓ Cinema
✓ BBQ Areas
✓ Kids' Play Areas
✓ Valet Parking

Payment Plan:

40% – During Construction
60% – On Completion

🔑 Сompletion – Q2 2024

Leave a request: +971521718769

✅ Agency commission – 0%

#new_launch

Real estate | Dubai | AX CAPITAL

24 Aug 2023 11:18

The first-ever residence in Dubai under the brand, Biltmore, to open in 2025

➤ According to the press-release of the project's developer, GJ Properties.

Hotels of the Biltmore chain are operating in Los Angeles, Tbilisi, and London. The Biltmore Sufouh Residences will be the brand's debut in the Middle East.

GJ Properties has built 16 projects for 2,000+ clients in Ajman,and the Northern Emirates; 25 projects are under construction.

The interiors of the residences in the two 44-storey towers are created by the internationally acclaimed design studio, Gary Greene Design.

The luxurious project features two collections: apartments in the Signature Collection, and penthouses in the Atmosphere Collection, situated across the top 6 floors of the towers.

❗️You can purchase apartments in The Biltmore Sufouh Residences exclusively through the AX CAPITAL agency.

#real_estate_dubai
#developers_news

Source: Zawya

Real estate | Dubai | AX CAPITAL

23 Aug 2023 11:15

Rent | Apartment | $70,000 per year

📍Dubai Creek Harbour

148m², 3 bedrooms, 4 bathrooms

Elegant apartment with lots of space and natural light in a residential complex, Breeze, developed by Emaar. It's located in a quiet car-free neighborhood.

🏖 Creek Beach and Creek Marina in walking distance

✓ Furnished
✓ Balcony
✓ Built-In Wardrobes
✓ Smart Home Technology
✓ Panoramic Windows
✓ 2 Covered Parking Spaces

In the residence:

➤ Pool
➤ Gym
➤ BBQ Area
➤ Landscaped Courtyard
➤ Kids' Play Areas

❗️The apartment is brand new and ready to move-in.

Agent: +971522353663

#longterm_rent

Real estate | Dubai | AX CAPITAL

22 Aug 2023 11:32

100% of recycled water will be utilized by 2030

➤ According to the Dubai Municipality plans

It will ↓ the use of desalinated water by 30%.

Currently, 90% of wastewater is reused for:

✓ Irrigation of Green Spaces
✓ Central Cooling
✓ Firefighting, etc.

The annual savings is $544 million.

——

Hi-tech buses will transport 25,000 Dubai students during the new academic year 2023-2024 to ensure safe commuting.

Dubai Taxi Corporation (DTC) will deploy school buses equipped with smart technologies such as:

✓ Surveillance Cameras
✓ Emergency Alert System
✓ Movement Detection
✓ Advanced GPS Tracking

——

♻️ 6 major UAE banks dedicated $51.8 billion to green financing in 2022.

According to the UAE Banks Federation, the financing went into:

➤ Renewable Energy
➤ Waste-To-Energy
➤ Green Technology

#news_uae

Sources: Media Office Government of Dubai, Trade Arabia

Real estate | Dubai | AX CAPITAL

21 Aug 2023 11:00

Dubai ranked among the world's least congested cities

➤ According to the Traffic Index 2022 by the traffic monitoring company, TomTom

The time needed to travel 10km in the Central Business District (CBD) of Dubai is only 12 mins.

The average time for this distance in other cities – 21 mins. Dubai surpassed:

✓ Los Angeles
✓ Montreal
✓ Sydney
✓ Berlin

——

The Dubai Central Laboratory of Dubai Municipality uses artificial intelligence (AI) robots for testing construction materials.

The robots utilize X-Ray technology and advanced AI capabilities to provide the highest accuracy and shorten the tests duration from 4 days to 8 mins.

——

🏖 Dubai Municipality has assigned a rescue crew of 140 people to ensure the safety of public beaches.

It consists of highly qualified lifeguards, equipped with the latest all-terrain vehicles and safety devices.

#life_dubai

Sources: Arabian Business, Trade Arabia, Media Office Government of Dubai

Real estate | Dubai | AX CAPITAL

19 Aug 2023 11:11

Sale | Penthouse | $2,550,000

📍Business Bay

586m², 4 bedrooms, 6 bathrooms

Upgraded 2-storey penthouse with a terrace and a private pool. The penthouse is located in a 29-storey residential tower, Executive Tower E, and offers spectacular views of the city and Bay Avenue Park.

⛲️ 10 mins – The Dubai Fountain, Burj Khalifa and Dubai Opera

✓ Furnished
✓ Built-In Wardrobes
✓ Maid's Room
✓ Study
✓ 2 Parking Covered Spaces
✓ Pets Allowed

For Owners:

➤ Pools for Adults and Kids
➤ Gym with Sauna
➤ Gardens and Fountain Yards
➤ Restaurants and Shops
➤ Kids' Play Area
➤ Concierge and Security 24/7

❗️The penthouse will be vacant on transfer.

Agent: +971525619802

#secondary_market

Real estate | Dubai | AX CAPITAL

18 Aug 2023 11:01

🔺Residential Real Estate Market Price Dynamics

➤ In Dubai and Abu Dhabi for July 2023

According to the REIDIN Residential Property Price Indices

Dubai

➤ Sale

↑ Compared to June 2023, property sales price index increased by 2.06 points, from 102.36 to 104.42, an increase of 2.01%.

↑ Compared to July 2022, prices increased by 18.14%.

➤ Rent

↑ Compared to June 2023, property rent price index increased by 1.09 points, from 103.38 to 104.47, an increase of 1.05%.

↑ Compared to July 2022, prices increased by 21.98%.

Abu Dhabi

➤ Sale

↑ Compared to June 2023, property sales price index increased by 0.95 points, from 81.13 to 82.08, an increase of 1.16%.

↑ Compared to July 2022, prices increased by 3.2%.

➤ Rent

↓ Compared to June 2023, property rent price index decreased by 0.36 points, from 70.37 to 70.01, a decrease of 0.51%.

↑ Compared to July 2022, prices increased by 0.40%.

Source: REIDIN Data Analytics

#real_estate_dubai

Real estate | Dubai | AX CAPITAL

17 Aug 2023 12:16

UAE cities ranked in TOP 5 most affordable cosmopolitan cities

➤ With the best monthly income and living expenses ratio.

According to the survey of the management software company, Workyard, among 20 cities in the world:

➋ Abu Dhabi – $7,154 and $873
➍ Dubai – $7,118 and $1,007
➎ Sharjah – $5,229 and $741

For comparison:

New York – $4,205 and $1,448
Oslo – $7,543 and $1,121

#news_uae

——

Dubai Roads and Transport Authority (RTA) has won the prestigious British award from the Royal Society for the Prevention of Accidents (RoSPA)

➤ in the Fleet Safety category

The award recognizes:

✓ RTA's Professional Training Initiative for Public Bus Drivers
✓ Reducing Public Bus Incidents
✓ Enhancing Workplace Safety, etc.

#life_dubai

——

Abu Dhabi manufacturing investment grew to $105 billion in June 2023

➤ From from July 2022

Number of new licenses to establish an industrial company (Rowad) ↑ by 16.6%.

#news_abu_dhabi

Sources: PropertyNews, Arabian Business

Real estate | Dubai | AX CAPITAL

16 Aug 2023 11:01

Sale | Townhouse | $1,280,000

📍Meydan

218m², 4 bedrooms, 5 bathrooms

An elegant upgraded 2-storey townhouse with a rooftop terrace in the gated community, Grand Views.

🦩10 mins – Ras Al Khor Wildlife Sanctuary and Meydan Race Course

✓ Furnished
✓ Built-In Wardrobes
✓ Landscaped Courtyard
✓ Semi-Closed Kitchen
✓ Maid's Room
✓ Central A/C

In the community:

➤ Parks and Green Walkways
➤ Golf Course and Basketball Courts
➤ Supermarkets and Malls
➤ Restaurants and Bars
➤ Kids' Play Area
➤ Security 24/7

❗️The townhouse will be vacant on transfer.

Agent: +971556626128

#secondary_market

Real estate | Dubai | AX CAPITAL

15 Aug 2023 12:40

SUCCESSFUL OFF-PLAN PROPERTY RESALE IN DUBAI

The overview of one of the most valuable investment strategies in Dubai real estate market:

➤ Key Features
➤ Opportunities
➤ Options
➤ Advantages
➤ Real-Life Examples

Host of the episode – AX Exclusive Projects' Manager, David James.

——

Do you have questions about the resale of off-plan properties in Dubai? Ask the host 📥

+971586421923

📧 david.james@axcapital.ae

Real estate | Dubai | AX CAPITAL

14 Aug 2023 12:07

The government's hotel fees will be slashed in Abu Dhabi.

According to the Department of Culture and Tourism – Abu Dhabi, the change is set to take effect from September 1, 2023, and includes a removal of:

✓ Municipality daily fee per room
✓ 6% tourism fee and 4% municipality fee applied to hotel restaurants

Tourism fee levied to guests ↓ from 6% to 4%.

#news_abu_dhabi

——

Dubai's toll usage revenue reached an all-time high in Q2 2023.

This is an increase of 13.8% compared to the same period 2022.

A road toll system, Salik, has announced:

✓ Revenue-generating trips in Q2 2023 exceeded pre-pandemic peaks by 6%
✓ 100% of H1 2023 net profit was approved as dividend distribution

#economy_dubai

——

Dubai-Sharjah ferry service has been launched.

The ferry departs from Al Ghubaiba Station in Dubai, sails past Dubai Islands, and arrives at Sharjah Aquarium Marine Station.

#news_uae

Sources: Arabian Business, Zawya, Trade Arabia

Real estate | Dubai | AX CAPITAL

12 Aug 2023 11:00

Sale | Penthouse | $3,131,000

📍Dubai Marina

300m², 4 bedrooms, 5 bathrooms

A stylish penthouse in the 52-storey residential tower, 52|42, nestled in the exclusive location between Bluewaters and JBR. A spacious terrace offers exceptional full sea and Dubai Skyline views.

🏖 5 mins – JBR Beach and Dubai Marina Yacht Club

✓ Furnished
✓ Balconies
✓ Panoramic Windows
✓ Open Kitchen
✓ Built-In Wardrobes
✓ 2 Covered Parking Spaces

For Owners:

➤ Infinity Pools
➤ Gym
➤ Landscaped Gardens
➤ Retail Outlets
➤ Children's Play Area
➤ Concierge and Security 24/7

❗️The penthouse is tenanted until May 2024.

Agent: +971521395522

#secondary_market

Real estate | Dubai | AX CAPITAL

11 Aug 2023 11:05

Dubai Municipality's public parks and recreation facilities have attracted 15+ million people in H1 2023.

The number of visitors ↑ by 50% compared to H1 2022. According to the Government of Dubai:

▫️Lakes and Neighborhood Parks – 10 Million
▫️5 Largest Parks: Al Mamzar Beach Park, Mushrif Park, Creek Park, Zabeel Park, and Safa Park – 3 Million
▫️Dubai Frame – 884,000
▫️The Quranik Park – 710,000

——

Dubai's taxi sector has recorded the highest-ever growth in H1 2023.

According to the Roads and Transport Authority (RTA), the number of journeys ↑ to 55 million – by 10% in comparison to H1 2022.

#life_dubai

——

The number of guests in Abu Dhabi's hotels increased by 34% in H1 2023

➤ Compared to H1 2022. According to the Department of Culture and Tourism – Abu Dhabi:

✓ Welcomed Guests – 2.4 Million
✓ Hotels' Revenues ↑ by 26% – $816 Million
✓ Average Occupancy – 70%
✓ Average Length of Stay – 2.7 Nights

#news_abu_dhabi

Sources: Media Office Government of Dubai, Arabian Business, Trade Arabia

Real estate | Dubai | AX CAPITAL

10 Aug 2023 12:16

The Government of Dubai announced the emirate's GDP reached $30.3 billion, growing by 2.8% in Q1 2023

➤ Compared to the same period in 2022.

According to the Organization for Economic Cooperation and Development (OECD) data, Dubai's GDP growth has surpassed average global rates in Q1 2023:

➤ European Union ↑ by 1.1%
➤ USA ↑ by 1.8%

Sectors with the biggest contributions to the GDP, according to the Dubai Digital Authority data:

✓ Trade – 22.9%
✓ Transportation and Storage – 14.1% (The highest growth – 10.3%)
✓ Accommodation and Food Services – 4.1%
✓ Financial and Insurance – 12.7%
✓ Real Estate Activities – 7.4%

——

Dubai's non-oil economy continued to strengthen in July 2023

➤ According to the rating agency, S&P Global's survey.

Dubai Purchasing Managers' Index (PMI) stood at 55.7 in July. A reading above 50 indicates an expansion in business conditions.

Travel and tourism is a sector with the highest demand growth.

#economy_dubai

Sources: Media Office Government of Dubai, The National News

Real estate | Dubai | AX CAPITAL

09 Aug 2023 13:02

🔥 Start of Pre-Registration – Apartments in Samana Golf Views

📍Dubai Sports City

The 16-storey residential complex is situated in a vivid developing district, famous for its sports venues. The complex provides multiple amenities for sports and leisure: from the infinity pool with jacuzzis to the digital golf and basketball court.

▫️All apartments feature private pools

For Sale:

➤ Studios – 40m²
Prices: from $195,000

➤ Apartments
1 bedroom – 80m²
2 bedrooms – 121m²
Prices: from $299,000

➤ Penthouses
3 bedrooms – 251m²
Prices: from $681,000

Benefits:

✓ Gym
✓ Relaxation Deck with Sun Lounges
✓ Outdoor Cinema
✓ Sauna and Steam Room
✓ Kids' Play Area
✓ Valet Parking

Payment Plan:

0.5% and 1% Monthly Payment Options Available

25% – Down Payment
54% – During Construction
21% – During 3.5 Years After Handover

🔑 Handover – Q3 2026

Leave a request: +971521718769

✅ Agency commission – 0%

#new_launch

Real estate | Dubai | AX CAPITAL

08 Aug 2023 11:02

UAE residents can now update Emirates ID details online.

According to the Federal Authority for Identity, Citizenship, Customs, and Ports Security (ICP), details can be modified through the official website and smart app. This includes:

✓ Personal Info
✓ Passport Data
✓ Professional Titles
✓ Nationality

Any changes to residency information will automatically generate a request to replace the Emirates ID.
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UAE companies have been named the best workplaces in the Middle East in 2023.

TOP 5 among the large-scaled organizations:

➊ McDonald's UAE
➋ Dubai Electricity and Water Authority (DEWA)
➌ Splash
➍ Centrepoint
➎ Chalhoub Group

#news_uae

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The Dubai Chamber of Commerce membership increased by 43% in H1 2023.

Compared to the same period in 2022 the total value of exports and re-exports of member companies ↑ by 7%.

This is in line with the Dubai Economic Agenda, D33

#economy_dubai

Sources: Arabian Business, Great Place to Work, Gulf News