Dubai’s economy is BOOMING! and it’s only half-way through 2019!

Dubai’s economy picks up speed, promises stronger Q2 2019

Summary

  • 35% increase in business licenses issued by DED
  • DED issued 9,489 new licenses during Q1 2019
Signalling growing investor confidence in Dubai, new business licenses issued in the emirate during the first four months of 2019 increased 35% compared to the same period of 2018 according to a report issued by the Department of Economic Development (DED).
The DED also has issued 9,489 new licenses during January-April 2019 as Dubai continued to accelerate in line with the emirate’s strategic plan to evolve into a sustainable economy driven by productivity and innovation.
Economic expansion in the UAE is imminent due to the expected event of EXPO2020. 2019 has already welcomed increased business activity as 6,700 business licenses have been issued and the Dubai International Financial Market has already attracted Dh680 million in net foreign investment.
“The secret to getting ahead is getting started.”
-Mark Twain
With investment and economy steadily soaring through the year, it would be an ideal time to start investing in property with SmartCrowd, the crowdfunding platform which makes investments simple.
Investors can now invest in fractional real estate and unlock wealth on a bigger scale due to the rising economy, striving to solve the problem of income inequality in retrospect.

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UAE, a nation with 2 of the most RESILIENT cities for Real Estate

Abu Dhabi and Dubai are the most resilient cities in the Middle East, according to a new research by Savills and it will retain that ranking till 2028.

Abu Dhabi is currently rated 22nd most resilient city globally according to The Resilient Cities Index by the global real estate advisor that examined both cities’ ability to withstand or embrace the technological, demographic, and leadership disruption facing global real estate today and in 10 years’ time.

“For real estate investors, our Resilient Cities Index shows that the long-established global cities will withstand much in the next decade, which is why they’ve seen high levels of investment as they are perceived as ‘safe havens’ for capital,”

Simon Hope, head of global capital markets at Savills.

Investors looking for long-term returns would find growth in Middle Eastern, Indian, and tier-two Chinese cities, Savills explained, as their markets are “likely to grow in the face of global disruption” in the coming decade, but remain relatively untapped at present.

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What Are You Waiting For!?

With SmartCrowd, you can build a simple and affordable real estate investments portfolio starting from AED20,000