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Market News
Market Roundup
The world’s financial markets are in a collective period of transition. From the impact of international tariffs to the influx of ultra-high-net-worth residents in Dubai, a number of recent domestic and international developments will shape the future of major Dubai sectors including real estate, finance and tourism.
Trump Tariffs to Benefit U.A.E. Real Estate
U.A.E. real estate is expected to attract greater investment from overseas as a result of the United States’ new tariff policies. Factors driving this change include the falling value of the dollar, being pegged to the United Arab Emirates dirham, meaning international investors can benefit from lower prices when converted into their local currency. This uptick in interest is further fuelled in part by the scaling back of investments into American real estate. The U.A.E.’s Golden Visa is also a great draw, promising low investment thresholds, high ROIs and a stable real estate environment.
Dubai Among the Wealthiest Cities Worldwide
Now home to 81,200 millionaires (including 237 centi-millionaires) and 20 billionaires, Dubai ranks highest among Arab cities, attracting 8700 new millionaires in 2024 alone. Meanwhile, Abu Dhabi has also enjoyed an 80% increase in millionaires between 2014 and 2024. The number of wealthy centi-millionaires (net worth in excess of US$100 million) in both emirates is expected to double by 2034.
Dubai International Airport Busiest in the World — Again
For the eleventh consecutive year, Dubai International Airport has been ranked as the busiest hub for international passengers in the world. The airport welcomed a staggering 92.3 million passengers in 2024 on the back of the city’s status as one of the world’s most significant tourist and transit destinations. With development works already commencing on the larger Al Maktoum International Airport, analysts expect Dubai to significantly increase its passenger capacity in the coming years.
U.A.E. Ranked Second in Countering Tax Evasion
According to the IMD World Competitiveness Centre’s latest report, the U.A.E. ranks second in the world in combatting tax evasion and fifth globally in tax policy efficiency. This is on the back of a record 520,000 companies registering for the new corporate tax system and 470,000 entities under the VAT system, as well as consistent government efforts to counter tax fraud, money laundering and other illicit activities.
