The
-Dubai›s Stockmarket on the rise
Cityscape Debate: Is-The Dubai property market in danger of overheating Dubai hosting bank conference
Economis t Dubai welcomes
swift international banking conference seminar
Cityscape debate Dubai property market in the danger of overheating
Dubai›s stockmarket is back to being financially prosperous
Dubai’s stock market is back to being financially prosperous. It has been on the rise globally since the year 2013, yet the market has dropped by 25% on July and August 2014, unpredictability is parity for the progression in the market.place
Five years ago Dubai had ran into an economic crisis, luckily they were rescued by the capital of the United Arab of Emirates (Abu Dhabi). This time the financial distress concerns to the enterprise, Arabtec, the establishment that helped the construction of the Burj Khalifa, has its own separated company with its chief executive officer, chief operating officer and chief risk officer. For the time being (Abar) Investment Company maintained by the gov-
ernment of Abu Dhabi has condensed its stake, due to mistrust to the organizations resulting from the relatively low amount of information provided, investors had found their way out, and so the rates of Arabtec’s shares has declined to more than half its fortune. Arabtec signed in for a 40 billion deal on march, for real estate market building houses in .Egypt
Neil Shering Capital Economies
Due
to Arabtec’s misfortunate events, shareholders who bought and participated in this project had a huge amount of debt to be paid, and were forced to sell other .holdings Dubai property prices have thrived by 30% last year, and this serves as a reminder of the incident that weakened Dubai the year 2009. Neil Shearing of capital economies mentions that stockholders must be cautious of drawing too many parallels and that “Crucially, the recent rise in property prices has not been fuelled by a rapid expansion in credit this time around,” Bank loaning has .gone up to almost 10% this year
Cityscape
Debate: Is the Dubai property market in danger of overheating
2008 ,Dubai then
During
the recession of 2008, Dubai was one of the harshest hit markets in the Middle East, with its real estate market either plunged for about 60 per.cent in prices or are held for later use
2014 ,Dubai now Since the beginning of the year 2014, from January until the end of June, Dubai’s real estate market .became one of the top ranking in the world
Real estate market is back on top and is on its highest peak, as Knight Frank mentioned in his report. Dubai has developed and advanced in its yearly rankings for the 50th successive quarter, and yearly recordings price growth for about twenty four per.cent Nevertheless, there are other obstacles the market will go through in the coming years, Dubai’s real estate market has been escalating progressively since the year 2012 and the market may face the .dangers of overheating Are there any other im-
provements forthcoming regarding this matter, since some rents in areas in Dubai have began to decline, and that is in accord to the rental directory report that has been submitted by (Rera), a Real Estate Regula.tory Agency Ahead of Cityscape Global - the city’s biggest property showcase
Dubai hosting banking conference It was announced by Sheikh Ahmed bin Saeed al Makhtoum, on June 21st that Dubai will host swift international banking operations seminar (SIBOS), a leading international conference providing banking and financial services, as Shiekh Ahmed mentioned in the conference “While it will be a great opportunity for the financial services sector in the region to interact with global players, it will also be an opportunity for the international banking community to get first hand knowledge of Dubai and the UAE,” said ”.Shaikh Ahmad Commenting on Dubai’s economy Sheikh Ahmed stated that tourism, travel, hospitality and trade industries are booming in the region due to the comparatively high num.ber of visitors visiting Dubai for the past months As the banking sector returned to its healthy growth, analysts Theorized that the new trade banking and financial regulations would unfavorably have a negative impact of the banking profits, but as Ahmed al Tayer governor of the .DIFC said that the prediction might be exaggerated The conference will have a direct positive impact on the economy in relation to hundreds and thousands bank representatives attending the event and it will also benefit the city in providing it with a significant networking opportunity for .the baking community Hilal Saeed Al Merri, CEO and the director General of the Dubai Chamber of Commerce and Industry of the World Trade Centre, Hamad Bu Amim said the direct benefits of the conference to the UAE economy could be in the range of $100 to $150 million and it will be a big boost to Dubai as a regional financial .center
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The Dubai international film festival (DIFC) Is a national financial free zone, positioned in Dubai. It has its own legal system and courts distinct from those of the wider UAE, with jurisdiction over business, occupational, profitable, civil, trust and securities law matters. The DIFC goal is to provide a program for business and financial institutions to reach into and out of the emerging markets of the region. It was established to create an environment for growth, progress and economic development in the UAE and the wider region by providing the needed legal and business as well as physical infrastructure benchmarked against international standards. The (SIBOS) conference was first held in the UAE in the DIFC
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