UAE: Dubai

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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...

 

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...

 

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...

 

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...

 

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,...

 

The long-anticipated Expo 2020 will run from October 20, 2020 to April 10, 2021. Located close to Dubai World Central airport in Dubai South, the site of the event is expected to cover a total of 438 ha. Expo 2020 will be the first of its kind in the MENA region, and under the theme of “Connecting Minds, Creating the Future”, it aims to act as...

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