AB Espresso: New Dubai ultra-luxury villas

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Hello reader,

In today’s newsletter:

Savills: Dubai’s real estate sector had its best year on record in 2023Dubai real estate: Nakheel announces new ultra-luxury development Bay Villas in Dubai Islands BFedEx: Global transport company announces new $350mn regional hub at Dubai World Central AirportUAE labour violations: Fake Emiratisation, unlicensed recruitment, false documentation, unfit accommodation and moreStartup Qatar: New platform to lure entrepreneurs with free visas, tax waivers, licences, office space and funding

Here's a look at the latest news from Wednesday, compiled by our team of editors at Arabian Business.

Dubai’s real estate market has seen steady growth over the past year, driven by the increase in expatriate population, policies such as the recent change to the rules for real estate investors to qualify for the Golden Visa, according to the latest industry report by Savills.

In addition, property developer Nakheel has announced the launch of Bay Villas, an exclusive residential community on Dubai Islands B. The new gated community development consists of waterfront and garden villas, semi-detached residences, and townhouses, offering luxurious coastal living in close proximity to key locations across the emirate.

The emirate will also soon be home to a new $350 million air and ground regional hub at Dubai World Central Airport, launched by FedEx Express. This move will further expand the company’s presence in the Middle East, Indian Subcontinent, and Africa region.

Meanwhile, the UAE MOHRE inspection teams detected thousands of violations in the labour market. The inspection team carried out more than 430,000 inspection visits last year and organised awareness programmes about labour market legislation for workers and employers.

Aside from this, Startup Qatar is wooing businesses with an online platform offering tax waivers, free visas, office space, office space and even funding in the country. The Investment Promotion Agency Qatar (Invest Qatar) announced the one-stop online platform's launch catering to all business requirements and serving as the single comprehensive national resource for information, support and opportunities offered to startups.