As the Middle East frets about conflict, Dubai booms with an influx of anxious wealth
4 months, 3 weeks ago

As the Middle East frets about conflict, Dubai booms with an influx of anxious wealth

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Across the city, valuations for Dubai’s upscale villas have set a new record, increasing around 38% in the second quarter of 2024 compared to last year, according to real estate consultancy ValuStrat. Meanwhile, Dubai International Airport — the world’s busiest for international travel — saw a record 44.9 million travelers in the first half of this year. “We are heading for a forecast number for the balance of the year of 91.8 million passengers through DXB, which is again another record for us,” Dubai Airports CEO Paul Griffiths told the AP. “It is by that time that essentially we think the new supply will not be fully absorbed by the market, and this could create the cyclical slowdown.” Developers have already completed over 6,000 housing units through the first half of the year, and are expected to finish building another 20,000 by the end of the year, according to the state-run WAM news agency.

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History of this topic

UAE real estate sees steady growth in projects, record transactions in 2024
3 days, 11 hours ago

UAE real estate sees steady growth in projects, record transactions in 2024

Hindustan Times  

The United Arab Emirates 's real estate sector maintained its growth momentum throughout 2024, marked by an increase in real estate projects and infrastructure investments, reinforcing its position as a key pillar of the country's economic growth. According to the official data from the local real estate authorities of the four emirates, the total value of real estate transactions reached …

As the Middle East frets about conflict, Dubai booms with an influx of anxious wealth
4 months, 3 weeks ago

As the Middle East frets about conflict, Dubai booms with an influx of anxious wealth

Associated Press  

DUBAI, United Arab Emirates — As conflict casts a shadow across the Middle East, people are getting rich in Dubai. Across the city, valuations for Dubai’s upscale villas have set a new record, increasing around 38% in the second quarter of 2024 compared to last year, according to real estate consultancy ValuStrat. Meanwhile, Dubai International Airport — the world’s busiest …

Dubai's DXB airport sees record year for passengers after 8% rise in H1
5 months ago

Dubai's DXB airport sees record year for passengers after 8% rise in H1

Hindustan Times  

RIYADH, - Dubai's main airport is on track to handle a record number of passengers this year after an 8% year-on-year increase in the first six months, operator Dubai Airports said on Wednesday. Dubai's DXB airport sees record year for passengers after 8% rise in H1 Dubai International Airport, the world's busiest airport for international traffic, welcomed 44.9 million passengers …

Dubai International Airport, busiest for global travel, sees half-year record of 44.9M passengers
5 months ago

Dubai International Airport, busiest for global travel, sees half-year record of 44.9M passengers

Associated Press  

DUBAI, United Arab Emirates — Dubai International Airport saw a record 44.9 million travelers pass through its terminals in the first half of this year, putting the world’s busiest airport for international travel back on track to beat its all-time record, as aviation booms after the coronavirus pandemic. In April, Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum announced plans …

Dubai property market stays strong as demand from ultra-rich continues
6 months ago

Dubai property market stays strong as demand from ultra-rich continues

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Home to the world’s tallest …

Dubai plans to move its busy international airport to a $35 billion new facility within 10 years
8 months, 1 week ago

Dubai plans to move its busy international airport to a $35 billion new facility within 10 years

Associated Press  

Dubai International Airport, the world’s busiest for international travel, will move its operations to the city-state’s second, sprawling airfield in its southern desert reaches “within the next 10 years” in a project worth nearly $35 billion, its ruler said Sunday. Sheikh Mohammed bin Rashid Al Maktoum’s announcement marks the latest chapter in the rebound of its long-haul carrier Emirates after …

Stay with us
9 months ago

Stay with us

Times of India  

Dubai is like a magnet for friends and relatives wishing to go on vacation and rash promises of ‘stay with us’ made in weak moments come to bite you in the butt. It is one of those inexplicable coincidences that during this very week that wife’s kin are perched on your porch, office is hugely busy and there is no …

Most passengers at Dubai airport are Indians. Any guesses on how many?
10 months, 2 weeks ago

Most passengers at Dubai airport are Indians. Any guesses on how many?

Hindustan Times  

India emerged at the top spot for the highest number of passengers flying through the Dubai International Airport, the world’s busiest for international travel, with traffic totalling 11.9 million guests, the airport announced on Monday. With 7.8 million guests, December was the busiest month in the fourth quarter during which the airport welcomed a total of 22.4 million guests, a …

Dubai International Airport had 86.9 million passengers last year in a post-pandemic surge
10 months, 3 weeks ago

Dubai International Airport had 86.9 million passengers last year in a post-pandemic surge

Associated Press  

DUBAI, United Arab Emirates — The number of passengers flying through Dubai International Airport, the world’s busiest for international travel, surged last year beyond its total for 2019 — just before the coronavirus pandemic grounded global aviation. That helped boost its tourism industry as attractions like the Burj Khalifa, the world’s tallest building, and the sail-shaped Burj Al-Arab luxury hotel …

Dubai International Airport had 86.9 million passengers last year in a post-pandemic surge
10 months, 3 weeks ago

Dubai International Airport had 86.9 million passengers last year in a post-pandemic surge

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The number of passengers flying …

Dubai International Airport had 86.9 million passengers last year in a post-pandemic surge
10 months, 3 weeks ago

Dubai International Airport had 86.9 million passengers last year in a post-pandemic surge

New Indian Express  

DUBAI, United Arab Emirates: The number of passengers flying through Dubai International Airport, the world’s busiest for international travel, surged last year beyond its total for 2019 — just before the coronavirus pandemic grounded global aviation. Overall in 2023, the airport had 86.9 million passengers. The airport’s 2019’s annual traffic was 86.3 million passengers. The airport had 89.1 million passengers …

Dubai International Airport sees 41.6 million passengers in first half of year, more than in 2019
1 year, 4 months ago

Dubai International Airport sees 41.6 million passengers in first half of year, more than in 2019

Associated Press  

DUBAI, United Arab Emirates — Dubai International Airport, the world’s busiest for international travel, announced Tuesday it served 41.6 million passengers in the first half of this year — exceeding figures for the same period in 2019 as travelers return to the air after the lockdowns of the coronavirus pandemic. “Dubai International Airport has once again recorded for the ninth …

Traffic surges at Dubai airport but lags behind 2019 peak
1 year, 10 months ago

Traffic surges at Dubai airport but lags behind 2019 peak

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Dubai boom sees Russian cash, high rents and reborn projects
1 year, 10 months ago

Dubai boom sees Russian cash, high rents and reborn projects

Associated Press  

DUBAI, United Arab Emirates — Fourteen years after a financial crisis nearly brought Dubai to its knees, several major abandoned real estate projects are finally showing signs of life as part of a new economic boom in the city-state. “There’s lots of parts of the world where there are real challenges and people looking for a safe haven,” said Richard …

Real estate transactions in Dubai hit record high
1 year, 11 months ago

Real estate transactions in Dubai hit record high

Hindustan Times  

Dubai recorded real estate transactions worth more than $143 billion in 2022, the official Dubai Media Office said Monday, calling it a "milestone" for the United Arab Emirate's main business hub. "Dubai's annual real estate transactions have crossed the milestone of half a trillion dirhams for the first time," the Dubai Media Office said in a statement. Russians were the …

Why it could be happy hour for Dubai tourists after alcohol tax is scrapped
1 year, 11 months ago

Why it could be happy hour for Dubai tourists after alcohol tax is scrapped

CNN  

Editor’s Note: This CNN Travel series is, or was, CNN — Dubai is a huge draw for visitors, attracting almost 13 million international tourists from January to November 2022. Despite Dubai’s popularity as a holiday destination, and reputation as the Gulf’s “party capital,” restrictions on alcohol have made getting your favorite cocktail in the city an expensive and hard-won indulgence. …

India is Dubai’s top tourism market now
2 years, 4 months ago

India is Dubai’s top tourism market now

Live Mint  

NEW DELHI: Dubai Tourism is renewing its focus on India market with the Dubai Department of Economy and Tourism tying up with travel agents from tier 2 and 3 cities, as well as with local content creators like Bhuvan Bam. India, it added, continues to prove crucial to Dubai’s long-term tourism growth, with the Asian powerhouse consistently ranking among Dubai’s …

Travel is back: Dubai airport logs busiest quarter in years
2 years, 7 months ago

Travel is back: Dubai airport logs busiest quarter in years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Dubai International Airport, the world's …

Emirates to start paying back Dubai for its $4B lifeline
2 years, 7 months ago

Emirates to start paying back Dubai for its $4B lifeline

Associated Press  

DUBAI, United Arab Emirates — Long-haul carrier Emirates plans to use projected profits from this fiscal year to pay back the Dubai government some of the nearly $4 billion it pumped into the beleaguered airline during the height of the coronavirus pandemic, its chairman said Tuesday. Emirates’ CEO and Chairman Sheikh Ahmed bin Saeed Al Maktoum said the Dubai-based airline …

Dubai airport is busiest for global travel as virus persists
2 years, 10 months ago

Dubai airport is busiest for global travel as virus persists

Associated Press  

DUBAI, United Arab Emirates — Dubai’s main airport said Tuesday it has retained its top place as the world’s busiest for international travel with around 29 million passengers shuttling through the global gateway last year. Last year’s figure represents a 12% increase in traffic at Dubai International Airport compared to 2020, which had recorded nearly 26 million travelers. Still, even …

Bustling bars, surging business: Dubai sees a post-vax boom
3 years ago

Bustling bars, surging business: Dubai sees a post-vax boom

Associated Press  

DUBAI, United Arab Emirates — Nations around the world are lurching into lockdown, steeling themselves for a brutal surge as the omicron variant spreads like wildfire. Hossein Asrar Haghighi, board member of the Iran-UAE Business Council, similarly described “a relaxing” of trade regulations on Iranians and growing number of Iranian businessmen who secured the UAE’s 10-year golden visas. “The combination …

Dubai Airport Fully Operational for First Time Since Pandemic in March 2020
3 years ago

Dubai Airport Fully Operational for First Time Since Pandemic in March 2020

News 18  

Dubai airport, one of the world’s busiest travel hubs, is fully operational for the first time since the coronavirus pandemic erupted in March 2020, officials said Monday. “Following the opening of the final phase… airport is 100 percent operational with all terminals, concourses, lounges, restaurants, and retail outlets now open,” said a statement carried by the UAE’s official WAM news …

Dubai International Airport sees passenger traffic drop 40% in 2021
3 years, 4 months ago

Dubai International Airport sees passenger traffic drop 40% in 2021

The Hindu  

Dubai International Airport, the world’s busiest airport for international travel, handled some 40% less passenger traffic in the first half of 2021, compared to the same period last year, its chief executive said Wednesday. The 10.6 million passengers that passed through the airport over the past six months “is still very positive,” Mr. Griffiths said, “I think coupled with the …

Dubai airport expects passenger surge as UAE eases travel curbs
3 years, 5 months ago

Dubai airport expects passenger surge as UAE eases travel curbs

Live Mint  

DUBAI: Dubai's state airport operator expects a "surge" in passenger traffic over the coming weeks and months, its chief executive said on Wednesday, after the United Arab Emirates announced an easing of travel restrictions from African and Asian countries. The Gulf state, a major international travel hub, on Tuesday said it would scrap on Aug. 5 a transit flight ban …

Dubai Airport Targets 8 Percent Growth to 28 Million Passengers This Year, CEO Says
3 years, 6 months ago

Dubai Airport Targets 8 Percent Growth to 28 Million Passengers This Year, CEO Says

News 18  

Dubai’s state airport operator is hoping for a “flood" of travellers as the coronavirus pandemic eases, targeting passenger traffic through Dubai International Airport to grow 8% to 28 million this year as demand rebuilds. I believe it will be an absolute flood of demand when people get the confidence to travel again," Dubai Airports Chief Executive Paul Griffiths told Reuters …

Dubai Yachts are Offering 'Socially-distanced' Luxury for Those Who Can Afford the Price Tag
3 years, 6 months ago

Dubai Yachts are Offering 'Socially-distanced' Luxury for Those Who Can Afford the Price Tag

News 18  

Dubai earned a reputation for delivering luxury for those with cash to splash years ago, but amid the Covid-19 pandemic, a new mode of travel has become popular– yachts. “It’s more private, you’re with only family and friends, and it’s the ideal outing during a pandemic,” said Nada Naeem, a 36-year-old Saudi citizen living in Dubai. “It’s like you’ve travelled.” …

Why Dubai’s property market is booming this year
3 years, 7 months ago

Why Dubai’s property market is booming this year

Live Mint  

Dubai's property market is powering out of a six-year malaise as "lockdown dodgers" and wealthy international investors drive a buying frenzy that is breaking records and fuelling an economic recovery. Dubai's rollercoaster property market, which had been in steady decline since 2014, went into flatline after Covid-19 hit last year and the emirate slammed shut its borders, said Zhann Zochinke, …

Dubai: A city that dazzles you at every turn
3 years, 8 months ago

Dubai: A city that dazzles you at every turn

Hindustan Times  

A visit to the Burj Khalifa, skydiving at Palm Jumeirah, enjoy lake ride at Dubai fountain, desert safari with BBQ dinner, rides at Wild Wadi waterpark, and hot air ballooning, Dubai is indeed a tourist’s paradise. But I was also more excited than ever to finally get to travel after so long and to take in some fresh air outside …

Dubai luxury home market soars as world’s rich flee pandemic
3 years, 8 months ago

Dubai luxury home market soars as world’s rich flee pandemic

Associated Press  

DUBAI, United Arab Emirates — After nearly three decades in London, Christophe Reech was fed up with the city’s pandemic lockdowns. “Here in Dubai, there’s only one strategy: Business as usual,” said Reech, the chairman of an eponymous group that owns real estate and financial technology companies. “Tons of people are coming in and buying multimillion dollar properties on the …

Dubai Airport Witnesses 70 Percent Plunge in Passenger Traffic Amid Covid-19 Pandemic
3 years, 10 months ago

Dubai Airport Witnesses 70 Percent Plunge in Passenger Traffic Amid Covid-19 Pandemic

News 18  

Dubai International Airport saw the coronavirus pandemic push passenger traffic down by an unprecedented 70% in 2020 compared to the previous year, its CEO announced Monday, even as the airport held onto its prized title as the worlds busiest for international travel. For months as the travel industry collapsed worldwide, Dubai’s massive airport, which saw 86.4 million passengers in 2019, …

Dubai, party haven amid pandemic, faces its biggest surge
3 years, 11 months ago

Dubai, party haven amid pandemic, faces its biggest surge

Associated Press  

DUBAI, United Arab Emirates — Masks off the minute you step inside. Since becoming one of the world’s first destinations to open up for tourism, Dubai, in the United Arab Emirates, has promoted itself as the ideal pandemic vacation spot. “Dubai’s economy is a house of cards,” said Matthew Page, a nonresident scholar at the Carnegie Endowment for International Peace. …

What it’s like to visit Dubai after Covid
4 years ago

What it’s like to visit Dubai after Covid

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Covid testing requirements have also recently been eased for Dubai: instead of getting a PCR swab test within 96 hours …

State-owned Emirates posts $3.8 billion in half-year losses
4 years, 1 month ago

State-owned Emirates posts $3.8 billion in half-year losses

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

CEO: Dubai airport preps for possible 'slow' virus recovery
4 years, 2 months ago

CEO: Dubai airport preps for possible 'slow' virus recovery

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. After long-haul carrier Emirates drastically …

Virus slows Dubai airport, world’s busiest for global travel
4 years, 6 months ago

Virus slows Dubai airport, world’s busiest for global travel

Associated Press  

DUBAI, United Arab Emirates — Perhaps nowhere is the world’s lack of flights due to the coronavirus pandemic more clearly felt than at Dubai International Airport, for years the world’s busiest for international travel. Its Terminal 3, which sees tens of millions pass through it each year, stood empty and quiet on Wednesday, the once-full departure board showing only seven …

Dubai airport CEO: Global travel still up in air over virus
4 years, 7 months ago

Dubai airport CEO: Global travel still up in air over virus

Associated Press  

DUBAI, United Arab Emirates — The CEO of the world’s busiest airport for international travel wants to get the globe flying again, but even he acknowledges everything remains up in the air during the coronavirus pandemic. Paul Griffiths oversees what now is a much quieter Dubai International Airport, home to the long-haul carrier Emirates and crucial to East-West travel. “And …

Built for a global economy, Dubai now threatened by virus
4 years, 7 months ago

Built for a global economy, Dubai now threatened by virus

Associated Press  

DUBAI, United Arab Emirates — Dubai built a city of skyscrapers and artificial archipelagos on the promise of globalization, creating itself as a vital hub for the free movement of trade, people and money worldwide — all things that have been disrupted by the coronavirus pandemic. “That’s not the world we’re living in right now.” Dubai’s dedication to global trade …

Dubai throws Emirates Air a cash lifeline as travel grounded
4 years, 9 months ago

Dubai throws Emirates Air a cash lifeline as travel grounded

Associated Press  

DUBAI, United Arab Emirates — Dubai’s government announced Tuesday it will inject equity into Emirates airlines as the Middle East’s largest carrier grounds nearly all of its flights due to coronavirus restrictions on travel. Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said in a statement that the state-owned airline would get help, “considering its strategic importance” to …

How to spend a week in Dubai
4 years, 10 months ago

How to spend a week in Dubai

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Time to spend here: Two hours Other new-ish things …

Dubai sees an increase in tourist inflows even as India visitors fell
4 years, 11 months ago

Dubai sees an increase in tourist inflows even as India visitors fell

Live Mint  

Dubai: The number of foreign overnight visitors to Dubai increased 5.1% to 16.7 million in 2019, helped by a rise in Chinese visitors even as tourists from top source market India fell, the government said on Tuesday. Tourism is an important contributor to state revenue in Dubai, which will host the EXPO 2020 world fair from October and has targeted …

Is Dubai safe? Latest travel advice for Middle East as Iran tensions escalate
5 years ago

Is Dubai safe? Latest travel advice for Middle East as Iran tensions escalate

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Late on Saturday 4 January, the Foreign Office updated its travel advice to all countries in the region with the …

Dubai arena is latest project unveiled despite weaker growth
5 years, 8 months ago

Dubai arena is latest project unveiled despite weaker growth

Associated Press  

DUBAI, United Arab Emirates — This week, Dubai unveiled its latest megaproject: A stadium in the heart of a super luxe shopping and dining destination. It’s just one in a pipeline of projects the emirate is churning out in the lead-up to next year’s World Expo in Dubai, despite an economic slowdown and concerns that an oversupply is weighing down …

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