Ahmed El Shamy

The Central Bank of the UAE has recently made key announcements that give reason for optimism on the country's growth prospects. 📈 It confirmed that GDP growth in 2023 reached 3.6% 📈 It forecasted GDP growth for 2024 to reach 3.9%... 📈 ...and for 2024 to accelerate further to 6.2%. The UAE economy can be split into: 1️⃣ Its oil sector (which still accounts for ~25% of the UAE GDP) and 2️⃣ Its non-oil sector (sub-sectors like real estate, tourism & hospitality, transportation and financial services) * 2024 growth would be driven by the non-oil sector (+5.4% vs +0.3% in the oil sector) * 2025 growth would be driven by the oil sector (+8.4% vs +5.3% in the non-oil sector) Those of you who have followed previous posts of mine already know this hinges on the UAE limiting its voluntary oil production cuts according to plan. For now, the latest purchasing manager index, a metric I follow closely due to its reliability in predicting short-term growth, stands at >55, indeed suggesting solid growth is ahead. It will be fascinating to follow along closely to see if and how expectations materialize.

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Top Family Office Trends In 2024: A Middle East Perspective I think that Middle East Family Offices will stick to their preferred asset classes but the major question is where to invest geographically. Traditionally most family offices in the region had large exposure to the local market through their operating businesses and therefore chose to hedge against this by investing abroad. We’ve seen a shift lately, thanks to geopolitical and other factors of a lot more of that investment capital being used at home. I expect this trend to continue but I did notice more contacts setting up shop in London for the summer which gives me a good indication that even with the issues in the usual spots, the lifestyle of those locations is still where people want to be. F Partners Read The Full Article Here: https://lnkd.in/e4ctaz5W #singlefamilyoffice #familyoffices #familyoffice #privatemarkets #privateinvestors

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Post hand over payment plans are an in thing! They come with certain risks though and may not always be the best choice. Read the link below to learn more. #dubairealestate #dubai #investments #phpp #developer #development #financialmanagement

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Chart your course to a successful IPO with Middle East Advisory Partners. #InitialPublicOffering #DubaiBusiness #BusinessLeaders #Entrepeneurship #Investment #SMESupport

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#Dubai Mall Expansion is a Strategic Move for Regional Prosperity! Emaar Properties has unveiled a Dh1.5 billion expansion plan for Dubai Mall, aiming to enhance its status as the world’s most visited shopping destination. This ambitious project will introduce 240 new luxury stores and food & beverage outlets, reflecting Dubai’s commitment to #innovation and cultural #leadership. I appreciate such developments and initiatives that present Dubai as an amazing example of progress and prosperity. The expansion of Dubai Mall is not just about scaling physical space; it’s about amplifying Dubai’s influence and appeal on a global stage, which will surely give long-term benefits for the nation and the wider region. The foresight to integrate #sustainability with luxury retail will also set a new benchmark for future developments, promising a vibrant economic and cultural future. #FredericSelhami #DubaiMall #DubaiMallExpansion #EmaarProperties #EmaarInnovation #LuxuryRetailFuture #SustainableDevelopment #RegionalEconomicGrowth

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Dubai's Real Estate Market Strengthens, Offering Compelling Investment Options Dubai's real estate market will continue to gain momentum in 2024, attracting investor interest with its potential for strong returns. A recent report by Provident Property Management indicates a robust rental market, reaching $10 billion in 2023 and expected to climb further this year. The report pinpoints a significant increase in rental activity for both apartments and villas/townhouses. The average rental price for apartments in Dubai has risen to $20 per square foot in 2024, reflecting a rise from $17 in 2023. Villas and townhouses witnessed a similar trend, with average prices growing from $15 per square foot in 2023 to $21 this year. "The data underscores a thriving rental market in Dubai," remarked Youssef Rabah, Director of Provident Property Management. "We're seeing heightened demand across apartments and villas, signifying strong investor confidence and a healthy rental environment." Moiz Rajkotwala, CEO of Leap Ventures, echoed this sentiment, stating, "The message is unequivocal: Dubai's real estate market presents a wealth of opportunity for discerning investors. Its exceptional growth trajectory and unwavering rental demand make it a prime time to capitalize on this dynamic market's potential." Dubai's real estate success can be attributed to a confluence of factors, including its world-class infrastructure, investor-friendly policies, and an overall attractive lifestyle. These elements continue to draw international investors and residents, solidifying the real estate sector's growth and stability. As Dubai's real estate market ascends, it unlocks numerous possibilities for investors seeking lucrative returns. With its impressive growth trajectory and sustained demand in the rental market, Dubai cements its position as a premier destination for real estate investment within the region. #Dubai #investment #property #MyDubai #RealEstate #UAE #Dubaifuture #Growth #Economy #PropertyInvestment #InvestinDubai #MarketTrends

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