UAE: Dubai Articles & Analysis

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With the long-awaited Expo 2020 just around the corner, attention in Dubai has already started to shift beyond the Expo to the emirate’s long-term prospects as a tourism destination. Passenger numbers at its airport, one of the busiest in the world, have not been unaffected by regional economic headwinds. Nor have hotel occupancy rates and...

 

Aided by easier and cheaper travel, global tourism has experienced two decades of almost uninterrupted growth. According to the World Bank, the number of international departures more than doubled between 1997 and 2017, from 687m to 1.57bn per annum. With the global middle class estimated by US-based think tank Brookings Institution to expand...

 

Urbanisation is a mega-trend redefining contemporary life in both developed and emerging markets across the world. This mass rural-to-urban movement of people and expansion of cities to absorb formerly isolated villages is a relatively recent phenomenon, at least in the developing world. According to the UN, in 1950, 751m people lived in urban...

 

Construction in Dubai was a major factor in the expansive economic growth seen in the early 2000s. Indeed, it was a popular claim that the emirate was home to 20% of the world’s cranes at the height of the boom in 2006. However, the sector has witnessed a slowdown in recent years as lower oil prices depressed consumer demand. This was...

 

Despite the real estate market’s subdued performance, one of the largest brokerage firms in the US opened up a new office in the emirate, which is expected to boost investor confidence and reinvigorate the sector. In May 2019 Berkshire Hathaway HomeServices (BHHS) announced its arrival in the Middle East market with the opening of a new office...

 

From 206 BCE to 220 CE, China’s Han dynasty fostered a booming trade industry for silk, a precious commodity in high demand among the elites of the Mediterranean. The Silk Road was the name given to the network of trade routes connecting the East and West at the time. Later, spices and other precious cargo would be traded using the system,...