The Gulf city is also showing a fighting spirit against many established real estate giants such as London, New York, and Singapore to be a top real estate destination in the world
Author Archives: James Mathew
James Mathew, preferred to be addressed as James, assumes the role of India Correspondent at Arabian Business from New Delhi, bringing to the table a wealth of knowledge and expertise in economic, financial, and corporate sectors. With a career spanning renowned financial dailies like The Economic Times, Business Standard, and The Observer of Business & Politics in India, James transitioned to the international media scene in 2018.
At Arabian Business, his reporting covers a wide spectrum of sectors, developments, and issues spanning India, the Middle East, Africa, and, at times, the global arena. Known for his passionate reporting, James keeps a vigilant eye on significant economic and business sectors, aiming to be the first to inform Arabian Business readers. He boasts an impressive track record of breaking stories, particularly in the domains of major corporate developments and cutting-edge tech sectors, including the metaverse and cryptocurrency. Amidst his journalistic endeavors, James considers his series of emotionally resonant stories on the challenges faced by expat returnees from the Gulf during the Covid-19 pandemic, published in Arabian Business, as his proudest moments, surpassing even his numerous globally impactful breaking stories. His educational background includes a Master's degree in English Literature and Language, complemented by a Postgraduate Diploma in Journalism.
Gulf MMA sector poised for global dominance as interest, sports investments surge
Bahrain-based BRAVE CF, emerging as the most popular MMA companies globally, is currently learnt to be seeking investments from high-profile international investors
Revealed: Dubai landlords prefer young IT professionals, no kids or pets
About 30% of Dubai apartment owners want their tenants to be free of bad habits, while 20% each want their prospective tenants not to have children or pets
Revealed: Middle East leisure and entertainment industry to hit $14bn by 2028 on surge in experience economy
The post-pandemic surge in tourist arrivals in the region is further fuelling the rising trend of consumer shift towards experiences over that of the age-old obsessions with products, driven by the much-publicised shopping festivals and global discount sales events such as Black Friday sales
Revealed: Investing in Dubai property by schools can boost returns by 44%
Schools such as Hartland International School, GEMS Wellington Academy, and Sunmarke School are catalysts for high returns on property investments in Dubai
Dubai emerges among top five most affordable cities globally for expat housing
The ranking is based on several factors such as changes in the real estate markets of cities with an attractive business environment for expats
Dubai commercial real estate supply crisis lessening as new developments come online to fill booming demand
New commercial developments launched to meet the rising demand for office space include four new buildings in Dubai Hills Business Park and two additional blocks in Park Heights Square in Dubai Hills
Revealed: UAE’s investment technology market to reach $325mn by 2025
This surge can be attributed to the country’s improved investment climate, driven by big-ticket company listings and economic diversification initiatives
Dubai real estate: How much money do landlords make on property?
Studios, 1 and 2-bedroom apartments are the popular choices for investors looking for residential assets in Dubai, says a new market study
Revealed: Online shopping to face generative AI revolution in Middle East
The new tech drive is expected to fuel high profit margins to online marketplaces such as Amazon, Noon, Talabat, and the likes
Dubai’s Aark Developers prepares for $1.1bn luxury real estate expansion in UAE
The new phase will also see the company expanding its footprint to Ras Al Khaimah with a premium luxury residential project in Al Marjan Island – said to be a fusion of Japanese and Middle East architectural marvel
LuLu Group, Kerala cooperative Milma in talks to sew up mega marketing alliance for Middle East
The plan entails marketing various Milma products through LuLu’s extensive network of hypermarkets and malls in the Middle East
Dubai real estate market remains robust with 46 percent surge in transactions, 37 percent increase in value, new study
Lag period in purchase and registrations, fall in new launches in summer period led to the perceived stark fall in off-plan registrations in recent months
Healthy diet: Dubai foodtech Greeno to open self-checkout food kiosks across corporate offices
Foodtech startup Greeno focuses on providing healthy options for office employees, aiming to promote a healthier lifestyle
Dubai real estate: Where are the most affordable houses to buy on an average salary?
The booming property market means residents will have to look carefully before considering a purchase
Dubai skyrocketing real estate rents could strain startup sector growth: Experts
The rising rental costs may also force many businesses to look at options of moving out of the city to emirates such as Abu Dhabi or even opting to move away from the UAE and Middle East entirely
YallaHub to accelerate UAE quick e-commerce beauty market in partnership deal with Rada Russkikh
The deal assumes added significance as it comes at a time when beauty products take the lead in Dubai’s non-grocery express delivery sales
Dubai real estate: DHG Properties to bring ‘Swiss charm’ to luxury property sector at affordable prices
The Swiss developer is also looking to foray into the high-in demand commercial sector in Dubai, besides spreading its wings farther in the region with projects in few other GCC markets
Agritech firm FarmERP announces AI, machine learning food software to improve Middle East food security
The venture is gearing up to raise top dollars to fund its game-changing plans for the sector, which it hopes will be transformed to a potentially high-profit sector with the help of cutting edge tech solutions
Dubai real estate market faces Riyadh challenge as Saudi property popularity surges
A huge price advantage over the UAE city and the Saudi government’s big push to woo international investors through financial incentives are cited as drivers for Riyadh’s emergence as the new regional hotspot for real estate investment
India’s real estate market booms on NRI demand, Gulf expats lead investment surge
Industry players expect up to 30% jump in expat purchases in the last quarter of 2023, despite spike in home prices and no discount offers or freebies by developers
Indian conglomerate Essar Group expands investments in Saudi Arabia, eyes port and technology sectors
Saudi Arabia to be a major focus area for Essar Group, which expects the region to have huge growth potential over the next few years
UAE fintech Maly to launch AI-powered tools to boost long-term investment and saving plans in the GCC
The startup’s aggressive move comes amid the UAE – as well as Saudi Arabia – kicking off initiatives to implement pension and other financial security plans in the employment sector
Global brands and celebrities set to dazzle at Mode Dubai
The UAE’s first consumer-focused fashion week Mode Dubai will feature an impressive line of global lifestyle brands
BrightCHAMPS launches world’s first ChatGPT-based virtual tutor platform in the Middle East
The company is currently in the process of soft-launching its generative AI-based virtual tutor platform for its financial literacy courses in Dubai and Abu Dhabi
Dubai real estate market sees new deal between Karma Developers, DECA Properties
The partnership will launch a clutch of projects in the fiercely competitive mid-size development segment in Dubai, with an initial investment kitty of AED1.3 billion
Bitcoin prices predicted to surge as disruption in crypto mining to push up hashrate
Bitcoin prices ran up a gain of $316 since the regional flare up commenced to reach $28,292 on Tuesday from $27,976 on October 7
Dubai residential property investment deals surge 17% in first 9 months of 2023
Significantly, Dubai’s AI-based proptech Realiste hit the bull’s eye with its prediction of 46% growth in the city’s residential property market at the turn of this year
UAE is home to second largest number of wealthy Indians globally, after US
Dubai is home to most wealthy Indians in the UAE, with 18 of the 20 richest based in the city, according to the Hurun report
Saudi $100bn real estate boom on horizon for 2027, Riyadh, Jeddah, Dammam to lead way
The country’s real estate market was estimated at $59 billion in 2022
Traders adding geopolitical risk premium to lead to further surge in crude prices, say analysts
The market’s foremost concern revolves around potential disruptions in supplies from regions like Iran
Dubai’s commercial real estate crisis: Rental prices surge up to 300% in prime areas
The steadily deteriorating situation is said to be giving sleepless nights to commercial tenants
Real estate: Monaco tops list for world’s most expensive property at $6.5mn average, Bali cheapest at $283k
Hong Kong, Munich, London and Seoul follow Monaco as the other most expensive cities, reveals a latest research involving 100 emerging markets globally
Cryptocurrency: UAE announces first-ever Dirham-backed stablecoin in challenge to US $125bn market
DTR is eyeing a head start for DRAM by targeting to corner a single-digit share in the stablecoin market in the near term
UAE drone firm Microavia to develop new age AI-based and heavy duty drones
Also on the drawing board are plans for significant capacity and product line expansions to cater to the rising demand in the MENA region, as also in many regions around the world
Pet retail surges in UAE, market to hit $2bn, grow 700% by 2025
The predicted massive demand surge in the market, in turn, has triggered aggressive expansion drive among leading sector players such as The Petshop
Dubai real estate: Al Barari tops luxury property investment locations with 400% surge in deals
The data reveals a notable 35% upswing in Al Barari’s price per sq ft for 5-bedroom properties
Dubai-based Silkhaus poised for rapid GCC expansion, targets Saudi Arabia, Abu Dhabi
Silkhaus’ expansion plans in line with its short-to-medium term target to focus on the short-term rental market across Asia
Dubai real estate: New developer enters market with $100mn investment
ACUBE, a UAE-based construction-to-energy group, is entering Dubai’s real estate sector with a focus on sustainability and innovation
UAE emerging preferred gateway for global brands to tap into the $1.5 trillion MENA consumer spending market
The UAE’s digital sector is projected to grow at a faster clip of over 16 percent CAGR for the next six years
Boom in UAE-India air traffic with 43% jump in bookings since Sept
Surprisingly, airfares between India and the UAE – one of the cash cow sectors for carriers from both countries – is seeing a softening trend with a 10 percent drop since beginning of October, despite the travel demand spike, industry insiders said