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Records in Dubai’s Luxury Apartment Market in 2024 (Over $10 Million)

Well, before it’s too late – it’s time to become influencers 🎥📞

Dubai real estate market hits record growth in 2024 💰

Three lesser-known places to visit in Dubai 🚘

Have you been there?

Elon Musk plans to build the “Musk Institute” in Dubai, worth 1 billion dollars 🔥

UAE’s achievements in global competitiveness 📈

According to a report by the International Institute for Management Development in Switzerland, the UAE secured a leading position across 223 criteria, including areas such as investments, finance, and technology 💵

Additionally, the UAE ranked among the top five countries in 444 key indicators, including:

▪️ A leading position in mobile and internet user numbers.

▪️ Significant contribution of the tourism sector to GDP and development of digital competencies.

▪️ Efficiency of the aviation sector.

▪️ A substantial share of exports in GDP.

▪️ Simplified business setup procedures, financial flexibility, and dynamic economic growth.

Good news for walkers 🌸

UAE is preparing to implement 6G networks by planning to allocate new frequency bands 📡

✅6G networks promise incredible data transmission speeds, minimal latency, and groundbreaking features such as holographic calls and the widespread development of smart devices.

✅Previously, the UAE set a world record for 5G network speed, marking a significant milestone on the path to future technologies.

✅Full deployment of 6G is expected by 2030, solidifying the country’s position as a global leader in advanced technology.

Construction of Dubai’s first vertiport for air taxis has begun 🛫

➖ The 3,100 m² facility will be located near the International Airport and is expected to serve up to 170,000 passengers annually.

➖ Air taxi operations are planned to launch in 2026.

➖ The first four vertiports will be located in key areas of the city: Downtown Dubai, Dubai Marina, and Palm Jumeirah.

➖ The project is being developed in collaboration with Skyports and Archer, who will introduce the Midnight air taxis — eco-friendly and low-noise aircraft.

➖ The construction is expected to be completed by 2025, marking the beginning of a new era of transportation in the UAE.

In October of this year, Dubai recorded 20,460 real estate transactions, setting a new record 🏅

The residential real estate sector accounted for nearly 95% of the total transactions, with over 19,400 deals.

Almost three-quarters (73%) of the transactions were related to properties under construction (off-plan).

Developers Emaar, DAMAC, and Sobha accounted for the highest number of off-plan property sales in October ✔️

Top 5 Projects with the Most Expensive Sold Apartments in October 2024 👌