Latest news and articles about dubai economy from NEX English
Dubai Multi Commodities Centre has announced the launch of the Cocoa Center, aimed at enhancing cocoa trade in the region. The new center will provide an integrated platform for producers, importers, and distributors.
Real estate sales in Dubai have seen a significant increase, reaching <strong>138.7 billion dirhams</strong> in the first quarter of the year. This growth is driven by high-value investment deals and reflects the rising interest in luxury properties in the emirate.
The real estate market in Dubai recorded a remarkable AED 4.4 billion in transactions in a single day, showcasing the market's strength and continued appeal to investors. These figures reflect significant activity in the real estate sector, contributing to the enhancement of the local economy.
Dubai welcomed <strong>2709 new companies</strong> to its trade sector in March 2023, reflecting the ongoing growth of the local economy. This increase demonstrates confidence in the emirate's business environment as the government seeks to enhance commercial activity and attract investments.
The Dubai real estate market recorded daily transactions amounting to <strong>4.5 billion dirhams</strong> at the beginning of April, indicating a significant uptick in sector activity. These figures reflect a recovery in the emirate's real estate market.