Latest news with #RealEstateStrategy2033
Hi Dubai
6 days ago
- Business
- Hi Dubai
Dubai Real Estate Attracts Global Investors Amid US Tariffs, Says Betterhomes Report
Dubai's property market is emerging as a global safe haven for investors amid rising US tariffs on steel and aluminum, according to a new white paper released by Betterhomes. The report, titled Will Trump's Tariffs Impact UAE Real Estate?, outlines how recent US trade measures are reshaping investor sentiment. While the tariffs are primarily aimed at industrial sectors, their ripple effects are being felt across global markets—including real estate. Betterhomes notes a surge in interest from US and Chinese investors, with inquiries up by over 40% and website traffic from those countries jumping 60%. 'Investors are looking for stability, and Dubai is offering that,' said Louis Harding, CEO of Betterhomes. 'We've seen a clear shift since the tariffs were introduced.' The findings align with previous research showing Dubai as a magnet for global wealth. The city now leads in attracting relocating millionaires, highlighting its rising status as a destination for luxury living and strategic investment. Despite global uncertainty, the UAE's economic outlook remains strong. A growing population, robust oil production, a record-breaking 19 million tourist arrivals in 2024, and over 3,500 ongoing infrastructure and real estate projects are fueling confidence. Dubai also plays a significant role in global trade, exporting 350,000 tonnes of aluminum to the US last year, especially for use in key sectors like aerospace and construction. Looking ahead, the emirate's Real Estate Strategy 2033 and national plans to double foreign investment to $65 billion signal a long-term vision. With targets to boost housing supply and increase homeownership to 33%, Dubai is positioning itself as more than just a luxury hotspot—it's aiming to become a central hub in the global property market. News Source: Betterhomes
Time Out Dubai
23-05-2025
- Business
- Time Out Dubai
Dubai cashless strategy: Why Dubai is moving on from physical money
Dubai big plans to eventually become a cashless city. The Dubai cashless strategy will eventually mean that all payments in the city across the government and private sectors will go digital. The initiative, first announced in October 2024, aims to ditch notes and coins for digital payments throughout the emirate. Cashless transactions are expected to hit around 90 percent of all transactions by 2026, potentially boosting economic growth by over Dhs8 billion annually. Becoming cashless does not mean that money will be abandoned altogether but, instead, payments will be digital with banking apps and credit cards currently the main way to pay without physical notes or coins. The strategy will also prioritise innovations in digital payments, including AI-driven solutions and contactless technologies to offer even more ways to pay. And the latest development by DIFC and Dubai Finance means that there will be specialised workshops to help businesses make the switch. The collab will also bring AI-driven initiatives that add value for workers, tourists and the broader community by adopting digital payments. In the presence of Ahmed bin Saeed, Dubai Finance signs a Memorandum of Understanding with the Dubai International Financial Centre to support the implementation of the Dubai Cashless Strategy. The agreement focuses on the strategy's three core pillars—governance, innovation, and… — Dubai Media Office (@DXBMediaOffice) May 16, 2025 The city plans for 100 percent of stores to accept digital payments and for everyone living in the city to be able to pay digitally. That's right, bartering at the souq with notes or rummaging around the back of the sofa for long-lost change could soon be a thing of the past. The Dubai Cashless Strategy was initially revealed late on Tuesday October 1 following a meeting of The Executive Council of Dubai. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, chaired that meeting, outlining that the city aims to make itself one of the top five cashless cities in the world. .@HamdanMohammed chairs @TECofDubai's meeting; approves the Education Strategy 2033, the Real Estate Strategy 2033 and Dubai Cashless Strategy. — Dubai Media Office (@DXBMediaOffice) October 1, 2024 Dubai has also outlined that it wants to make a range of financial technology services available to people in the city. The plan to make the switch to becoming cashless has been brought about with consumers, payment service providers and merchants in mind with the move set to have a wider benefit of convenience and speedier payments throughout the emirate. At the meeting, the city also discussed its overarching real estate strategies, plans for education and the future of transport in Dubai. If you've got some spare pennies and have no idea what to do with them, then check out our guide on what to do with Dhs1 in Dubai. Looking for things to do in Dubai? 112 best things to do in Dubai in 2025 Everything to tick off your Dubai bucket list 50 free things to do in Dubai Feeling the pinch? Enter free things to do Here's how to eat at 10 expensive Dubai restaurants for less Early bird dinners, lunch specials and more
Time Out Dubai
16-05-2025
- Business
- Time Out Dubai
Dubai cashless strategy: Dubai Finance and DIFC sign strategic partnership
Dubai has revealed big plans to eventually become a cashless city. The Dubai cashless strategy will eventually mean that all payments in the city across government and private sectors will go digital. A big step forward in the plans came on Friday May 16 2025, as Dubai Finance and DIFC signed an agreement to support the cashless strategy. The initiative, first announced in October 2024, aims to ditch notes and coins for digital payments throughout the emirate. Cashless transactions are hoped to hit around 90 percent of all transactions by 2026, potentially boosting economic growth by over Dhs8 billion annually. Becoming cashless does not mean that money will be abandoned altogether but, instead, payments will be digital with banking apps and credit cards currently the main way to pay without physical notes or coins. The strategy will also prioritise innovations in digital payments, including AI-driven solutions and contactless technologies to offer even more ways to pay. And the latest development by DIFC and Dubai Finance means that there will be specialised workshops to help businesses make the switch. The collab will also bring AI-driven initiatives that add value for workers, tourists and the broader community by adopting digital payments. In the presence of Ahmed bin Saeed, Dubai Finance signs a Memorandum of Understanding with the Dubai International Financial Centre to support the implementation of the Dubai Cashless Strategy. The agreement focuses on the strategy's three core pillars—governance, innovation, and… — Dubai Media Office (@DXBMediaOffice) May 16, 2025 The city plans for 100 percent of stores to accept digital payments and for everyone living in the city to be able to pay digitally. That's right, bartering at the souq with notes or rummaging around the back of the sofa for long-lost change could soon be a thing of the past. The Dubai Cashless Strategy was initially revealed late on Tuesday October 1 following a meeting of The Executive Council of Dubai. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, chaired that meeting, outlining that the city aims to make itself one of the top five cashless cities in the world. .@HamdanMohammed chairs @TECofDubai's meeting; approves the Education Strategy 2033, the Real Estate Strategy 2033 and Dubai Cashless Strategy. — Dubai Media Office (@DXBMediaOffice) October 1, 2024 Dubai has also outlined that it wants to make a range of financial technology services available to people in the city. The plan to make the switch to becoming cashless has been brought about with consumers, payment service providers and merchants in mind with the move set to have a wider benefit of convenience and speedier payments throughout the emirate. At the meeting, the city also discussed its overarching real estate strategies, plans for education and the future of transport in Dubai. If you've got some spare pennies and have no idea what to do with them, then check out our guide on what to do with Dhs1 in Dubai. Looking for things to do in Dubai? 112 best things to do in Dubai in 2025 Everything to tick off your Dubai bucket list 50 free things to do in Dubai Feeling the pinch? Enter free things to do Here's how to eat at 10 expensive Dubai restaurants for less Early bird dinners, lunch specials and more
Sharjah 24
13-05-2025
- Business
- Sharjah 24
Hamdan bin Mohammed launches ‘Barwa' programme
Empowering senior citizens and people of determination Barwa is a socially driven real estate programme focused on enhancing the well-being of senior citizens and People of Determination in Dubai. It helps them manage their properties more easily and independently, while also supporting family stability and social inclusion through customised real estate solutions. A new model of government services The initiative delivers a human-centred approach to public service, combining digital, in-person, and advisory support tailored to the needs of its target groups. It supports the goals of Dubai Social Agenda 33 and the Real Estate Strategy 2033, focusing on equality, accessibility, and quality of life. Strategic launch and partnerships The programme was launched at Dubai Land Department headquarters, where cooperation agreements were signed between DLD, CDA, and several private real estate firms. Service trustee centres will also support the programme by providing on-the-ground assistance to beneficiaries. Leadership statements Eng. Marwan Bin Ghalita said Barwa reflects DLD's commitment to providing inclusive services and simplifying property management for key social groups. Hessa Bint Essa Buhumaid emphasized the importance of collaboration between government bodies to ensure services preserve dignity and promote independence. Integrated service pillars Barwa's services include mobile support teams who visit homes, digital platforms for remote property management, and personalised advisory for real estate investments. Educational workshops help users better understand property rights and financial decisions. Community-focused facilities and partnerships Dedicated reception lounges provide comfortable in-person support. Public-private cooperation delivers essential property services like maintenance and leasing at reduced rates tailored to users' needs. Data integration and social impact A shared data system between DLD and CDA enables seamless, personalised service. This ensures that beneficiaries receive continuous support that protects their property rights and improves their quality of life. A human-centred vision for real estate Barwa positions Dubai as a leader in real estate innovation that prioritises human well-being. The initiative showcases how government and community can work together to build an inclusive, resilient society.
