Dariia Vasylieva

The #UAE is predicted to attract 6,700 millionaires by the end of 2024, according to a survey by #HenleyandPartners. The luxury lifestyle, #goldenvisas, and low tax environment of the UAE have made it the world's top wealth magnet for the third year in a row. #Singapore ranks third with net inflows of 3,500, followed by #Canada and #Australia. The report also highlights the rise of Dubai and other popular locations like Italy, Switzerland, and Greece. An unprecedented 128,000 millionaires are expected to relocate #worldwide this year, eclipsing the previous record of 120,000 set in 2023. This migration is a leading indicator of a profound shift in the #global landscape and the tectonic plates of #wealth and #power, with far-reaching implications for the future trajectory of the nations they leave behind or those they make their new home. China is the top destination for millionaires migrating out of a country, with 15,200 predicted to leave this year, up from 123,800 in 2023. The #UK has moved into second place on the losers chart, with 9,500 millionaires expected to leave this year, more than double the 4,200 that left last year. India's #millionaire losses are predicted to come in at 4,300 this year, while South Korea is expected to lose 1,200 High Net Worth Individuals (HNWIs) in 2024.

𝐔𝐀𝐄 𝐋𝐚𝐮𝐧𝐜𝐡𝐞𝐬 𝐆𝐥𝐨𝐛𝐚𝐥 𝐍𝐚𝐭𝐮𝐫𝐚𝐥 𝐃𝐢𝐬𝐚𝐬𝐭𝐞𝐫 𝐖𝐚𝐫𝐧𝐢𝐧𝐠 𝐒𝐲𝐬𝐭𝐞𝐦. The UAE has launched a digital platform to provide early warnings for natural disasters and extreme weather conditions to its citizens worldwide, enhancing crisis management and ensuring their safety. #UAE #DigitalPlatform #EarlyWarnings #NaturalDisasters #CrisisManagement #ArabNews #ArabTimes #ArabTimesNews

Lulu Retail Holdings has raised a massive 6.32 billion dirhams ($1.72 billion) through its IPO, marking the UAE's biggest listing of the year. The final share price was set at 2.04 dirhams, reaching the top of the indicative range. The IPO was oversubscribed by over 25 times, attracting aggregate demand exceeding AED 135 billion from local, regional, and global investors. This strong interest represents a record for non-government IPOs in the past decade, per Lulu. For more insights, visit: www.famedelivered.com . . . #LuluIPO #LuluRetailHoldings #UAEIPO #MiddleEastBusiness #Investors #Retail #StockMarket #fyp #viral #trending #ForYou #Explore #ExplorePage #famedelivered Disclaimer: NO COPYRIGHT INFRINGEMENT INTENDED! All credit goes to the respective owners. FAIR USE: Copyright disclaimer under section 107 of the Copyright Act 1976. Allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. We do not own all the material.

The Saudi Golden Visa grants permanent residency for a one-time payment of 800,000 Saudi Riyal or with a property investment over 4 million Saudi Riyal. Unlike the regular visa, which costs 100,000 Saudi Riyal annually, the Golden Visa has no annual fee. Holders can live, work, and invest in Saudi Arabia with the same rights as locals, without needing a sponsor. They can also apply for advanced residency for spouses and children under 21 at no extra cost. Children over 21 and parents can obtain residency as companions, though without advanced privileges. Additionally, holders can bring in foreign domestic workers through a special visa. #GoldenVisa #residencyvisa #saudi #middleeast #viralreelsfb #LikeAndShare #supplychain #saudinews #saudivisa #reelsfbシ

UAE's GDP Hits AED430 Billion in Q1 2024 Abdulla bin Touq Al Marri, Minister of Economy, said that the preliminary estimates of the UAE's GDP growth in the Q1 2024, issued by the Federal Competitiveness and Statistics Centre (FCSC), underline the resilience and vitality of the national economy and exemplify its ability to continue on the path of sustainable growth. He highlighted that the country's real GDP reached AED430 billion in Q1 2024, recording a remarkable growth of 3.4 percent compared to the same period in 2023, while the non-oil GDP grew by 4 percent compared to the same period last year. "Under the guidance of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the country adopted an innovative economic model that supports its future vision, along with effective national economic strategies, enhancing openness to the world, promoting partnerships, and transitioning towards an economic model based on flexibility and innovation," Bin Touq added.... https://bit.ly/3TsmGuf #UAE #Economy #GDP #GCC #MiddleEast

Dubai’s retail sector is experiencing a significant boost, largely driven by a perfect storm of population growth, golden visas, a tourism boom, and a thriving real estate market, according to a top executive in the city’s retail electronics sector. These factors have contributed to the wholesale and retail sector’s AED26.3 billion contribution to Dubai’s GDP in the first half of 2024, the largest of any sector, Vikas Chadha, CEO of Jumbo Electronics, told Arabian Business. “All the initiatives that the Dubai government is taking is helping to drive the wholesale and retail sector,” Chadha said. “The growth in the real estate sector, the population growth, and the tourism growth, I think those three, fundamentally, from our perspective, contributed to the growth in the wholesale and retail sector.” Read the full story via the link in bio. #uae #dubai #retail #realestate #dubairealestate #uaegoldenvisa #tourism5w

Economic Substance Notification for UAE Businesses: A Quick Guide Who needs to file? Businesses in the UAE conducting Relevant Activities. This includes activities like banking, insurance, investment management, and more. What's the deadline? 30th June 2024 What happens if I don't comply? There are penalties for non-compliance, including fines up to AED 40,000 and potential reputational damage. Don't risk penalties! Ensure compliance by filing your notification before the deadline. Stay informed, stay compliant! #Kloudac #UAE #Dubai #ESR #Compliance

Dubai: Most villa community prices more than double in four years Prices have also surpassed the previous peaks of the last decade Eighty five per cent of all established freehold villa communities in Dubai have more than doubled in value compared to four years ago, a new report shows. According to the latest data from ValuStrat, a real estate consultancy, prices have also surpassed the previous peaks of the last decade, with Palm Jumeirah villas nearly doubling in value since 2014. Prime home sales There were 13 transactions for ready properties priced over Dh30 million, situated in Palm Jumeirah, Emirates Hills, Jumeirah Bay Island, Dubai Hills Estate, Bluewaters Island, Jumeirah Golf Estates, and District One.

The latest report from the World Trade Organization's Global Trade Outlook and Statistics reveals the UAE's continued global impact in 2023! Ranked 14th worldwide for merchandise exports, the UAE reached an impressive #USD 488 billion. Despite a 5% year-on-year decrease, this showcases the UAE's strong presence in global trade. Despite the dip, the UAE remains a significant player in the global market, demonstrating a steadfast commitment to trade excellence. On the import front, the UAE experienced a notable 7% year-on-year increase, totaling USD #449 billion. This advancement elevated the UAE to 16th place globally for merchandise imports, climbing two spots from the previous year. In services trade, the UAE secured the 13th spot globally for exports, amounting to USD 165 billion—an impressive 8% increase year-on-year. Additionally, services trade imports surged by 13% to USD 108 billion. Looking forward, the global merchandise trade outlook is promising, with projections indicating a 2.6% increase in 2024 and a further 3.3% rise in 2025, following a slight decline of 1.2% in #2023. Despite import demand challenges in various regions, the Middle East, including the UAE, displayed resilience with a notable increase in imports. Moving forward, let's continue to champion innovation, collaboration, and sustainable trade practices to propel the UAE's global trade footprint even further! #LatestDubai #UAETradeImpact #GlobalExports #MerchandiseTrade #WTOReport #TradeOutlook #arabtimesnews

Dubai's millionaire club just got bigger! 🌟 According to Henley & Partners and New World Wealth, the city has witnessed a staggering 78% surge in its millionaire population over the last decade. With 212 centi-millionaires and 15 billionaires calling Dubai home, the city is a hotspot for wealth and investment opportunities. 💰✨ . . . #Dubai #Millionaires #Billionaires #Investment #Wealth #LuxuryLiving #GlobalCity #BusinessHub #EconomicGrowth #Opportunity #FinancialFreedom #LuxuryLifestyle #DubaiLife #CityOfGold #Entrepreneurship #RealEstate #GlobalWealth #LuxuryTravel #Success #WealthManagement #FinancialNews #DubaiBusiness #NewWorldWealth