Dubai has continued to meet its targets in becoming the global capital of Islamic finance, nearly doubling the number of sukuk (Islamic bonds) listings on its exchanges since 2017. Furthermore, eased policy restrictions to encourage foreign investment and the 2019 budget’s continued commitment to infrastructure development ahead of Expo 2020 are expected to continue driving economic activity. As
Dubai’s diverse theme park offering is paying dividends, with rising footfall in the segment supporting increased tourism revenue, thereby offsetting slower growth in other areas of the sector. The region’s largest theme park attraction, Dubai Parks and Resorts, reported a 33% year-on-year increase in visitor numbers in the first nine months of 2018, attracting 1.96m guests, according to the…
The Leisure Show will be a diverse experience for all attendees looking to connect, network and do business. More than just an exhibition, visitors will witness new live features, conferences, workshops, competitions and much more. Outdoor Furniture Showcase is back for 2018 to shine a light on the ever-changing world of outdoor designer furniture. The showcase area will attract a targeted audience…
With a significant number of new hotels set to open, a raft of private sector-led investments in leisure and business facilities, and the government’s ambitious transport infrastructure development plan well under way, Dubai’s tourism industry is poised for a period of considerable growth in 2018. While the emirate has long been a tourist destination in the Middle East and a key stopover…
In late April 2017 Dubai’s Department of Tourism and Commerce Marketing (DTCM), which oversees tourism development in the emirate, announced the establishment of Dubai College of Tourism (DCT). The new institution signalled a major move on the government’s part to address the shortage of well-trained hospitality staff in the emirate. Challenges Even as Dubai’s tourism sector has grown…
Dubai’s rise as a major tourist destination and travel hub over the past two decades has been facilitated by large-scale investment in the hospitality and lodging industry. The emirate has taken a leading role not only in the Middle East – where it has long been a popular tourism market –but, increasingly, further afield, where it is seen to be a growing stopover destination. Driving…
With more than 8m tourists visiting in the first six months of 2017, what measures is the sector taking to ensure the sustainability of such growth? ALMULLA: The UAE is transforming into an internationally recognised leisure and entertainment destination, and is developing into a global hub for tourism. There are three key drivers that will ensure sustainable tourism growth. The first is government…
With a significant number of new hotels set to open, a raft of private sector-led investments in leisure and business facilities, and the government’s ambitious transport infrastructure development plan well under way, Dubai’s tourism industry is poised for a period of considerable growth in 2018. While the emirate has long been a tourist destination in the Middle East and a key stopover point…
With one of the most diversified economies in the Middle East, Dubai’s attractive investment environment and broad-based economy – which in 2016 contributed 37.2% to the UAE’s total non-oil GDP – continues to attract major international investors. Growth is being underpinned by the authorities’ vision as laid out in the Dubai 2021 strategy, with various sectors including wholesale and re
Rising arrivals should continue to drive growth in Dubai’s tourism sector as a large project pipeline of hotels and resorts moves forward in the run-up to Expo 2020. Dubai posted 4.57m foreign arrivals in the first quarter of this year, up 11% year-on-year (y-o-y) and more than double the growth rate in the same period a year earlier, according to the Department of Tourism and Commerce Marketing…