The estimated budget for the Dubai Expo 2020 in terms of irrigation and landscaping projects is Dh277 million. Dubai’s plan for greenery and water features of the Expo will commence in October 2020.
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Dubai is now considering new initiatives to allow more liquidity in the market. There are new initiatives and regulations that Dubai is now considering as regards houses for sale in Dubai to boost its real estate market.
More than 20,000 residential units were completed in the first half of 2019 and more are expected in the coming months, Property Finder report says. Among the 20,978 residential units completed in the first half of 2019, there were 4,895 villas and townhouses and 1,084 serviced apartments.
Developers in the UAE focus more on happiness, sustainability, and affordability, making sure that properties are integrated by elements that result in happiness. An example of this is the Sharjah Sustainable City project.
Political tension in Dubai resulted in a continuing decline in gold prices. Prices of 22 and 24K gold are up. 22K gold is at AED162.25 compared to AED161.25 in the past weeks. 24K, on the other hand, rose at AED172.75 from AED171.50.
Dubai has become a more affordable country in 2019 to invest in particularly for expats. There are several factors that contributed to it: a continuous decline in rent, reduced fees, and fines for the government, a drop in grocery prices, lower prices in dining out, and a freeze in its school’s fees.
Dubai Creek is the cradle of Dubai’s heritage. This was the original lifeline of Dubai before it became what it is today. This was a natural harbor and bustling with activities like fishing, trading, and pearl gathering.
Dubai is looking forward to a becoming more digital as its growth strategy veers it away from the traditional tourism, real estate, and trade. Recently the UAE announced a couple of changes in nurturing digital innovations which include the use of open data and application of higher e-commerce levels of practice and sharing platforms.
It can be seen that the commercial realty in Dubai is changing due to the presence of young professionals who belong to the millennial generation. These are those tech-savvy workers who are aged 20 to 37 years old.
Everyone can expect the 2019 Dubai Shopping Festival to be bigger than ever. It’s not merely the usual month-long festival with bargains, events, raffles, and fireworks. Some malls in the UAE hosted a 12-hour sale with discounts of up to 90 percent on the first day of the festival.