Dubai International Airport (DXB), recognized as the world's busiest international hub, has seen a significant increase in passenger traffic, with a 31.7 percent rise last year, reaching 86.9 million and surpassing pre-pandemic levels. This surge in activity is part of a broader economic boom in Dubai, as evidenced by a 75% increase in active business licenses since 2021, totaling over 400k, and a 15% rise in financial district employment, now exceeding 40k people. Additionally, the Middle East aviation market, valued at $60 billion in 2023, is expected to grow substantially by 2030. The United Arab Emirates (UAE) is also on the verge of exiting a global watchdog's "gray list" due to efforts to clamp down on illicit financial flows, signaling a positive shift in its financial regulatory environment.
The United Arab Emirates is poised to exit a global watchdog’s "gray list” as soon as this week, following a push to clamp down on illicit financial flows in and out of the oil-rich Gulf state. https://t.co/3H8FC3GUIv
It's not all doom and gloom in the CRE space. Dubai seeing a boom in commercial demand with DIFC seeing a 26% yoy rise in business entities registered there and a 15% yoy increase in employees: GS
The #MiddleEast #aviation market, valued at $60 billion in 2023, is predicted to grow substantially until 2030, according to the organizers of Airport Show in #Dubai. https://t.co/sU4NHyCv6g
The UAE is poised to exit a global watchdog’s “gray list” as soon as this week, following a push to clamp down on illicit financial flows https://t.co/LSKUtQVcHi via @BenBartenstein https://t.co/H9sMk3r1do
The United Arab Emirates is poised to exit the #FATF watchdog’s “gray list” as soon as this week, following a push to clamp down on illicit financial flows in and out of the Gulf state. #UAE https://t.co/72z02HzoF8
Good morning Dubai Internet City! It’s like stepping into the future. https://t.co/8JuY9YeQNp
Dubai Airport, World's Busiest, Could Break Passenger Record This Year: CEO https://t.co/kcD1wBYOoy https://t.co/T8bYw5n4Wn
Wall Street veteran Ken Moelis may be overshadowed by larger rivals in the US and Europe, but his long courtship of governments in Dubai and Saudi Arabia is paying off https://t.co/3UG5RCjg1x
Hey Dubai! https://t.co/JnvXFm2R2i
The operator of Dubai’s airports predicted passenger traffic will be close to an all-time high this year, highlighting the need to expand beyond the city’s main hub https://t.co/8JJHB4mpUd
Moelis overshadows Wall Street rivals, Dubai dodges office real estate slump and the UAE's poised to exit watchdog's dirty money list. Read the Middle East newsletter https://t.co/hFBzToHrXS
NEW: Dubai airport could break passenger record this year: CEO https://t.co/Z5l4RWuieM
The UAE is poised to exit a global watchdog’s “gray list” as soon as this week, following a push to clamp down on illicit financial flows, sources say https://t.co/EJQal69Hp2
Dubai Airport surpasses pre-pandemic levels with record passenger numbers in 2023 https://t.co/0lyekXnUpJ https://t.co/bUe8LYpSei
Dubai post-pandemic boom: - Real estate prices & occupancy are surging - Active business licenses up 75% from 2021, to over 400k - Financial district employment up 15% from a year earlier, to over 40k people https://t.co/mr6Eu06LNW https://t.co/m0GqZmctyb
#Dubai International Airport (DXB), the world’s busiest international hub, registered a 31.7 percent increase in passenger traffic last year to 86.9 million, surpassing pre-pandemic levels, operator Dubai Airports says. https://t.co/HP4a441Khn