UAE Non-Oil Business Activity Surges to Nine-Month High in December

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 The United Arab Emirates' non-oil private sector recorded its fastest expansion in nine months in December 2024, buoyed by strong domestic demand and increased business activity, according to the latest S&P Global Purchasing Managers’ Index (PMI) report. PMI Highlights Robust Growth The seasonally adjusted UAE PMI climbed to 55.4 in December from 54.2 in November, signaling robust growth well above the 50.0 threshold that separates expansion from contraction. This marked the third consecutive monthly increase, underscoring sustained recovery in the non-oil sector. Key drivers of growth included a notable rise in new business activity. The new orders subindex rose sharply to 59.3 in December from 58.0 in the previous month, reflecting strong domestic demand. Challenges Amid the Growth While domestic demand flourished, export growth slowed, with the export orders subindex dropping to a seven-month low. Additionally, businesses faced mounting backlogs due to capacity constraints,...
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UAE’s Property Deals Are Progressing Well

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Here’s something good that I want to share with what I read today. It’s how Dubai's very good quality land property deals nearly multiplied in March to 84 units sold that is worth around 1.7 billion dirhams ($462.8 million)  contrasted with the earlier month. In view of this, the administrative changes in the UAE, just as a forceful inoculation drive have pulled in rich home purchasers essentially from Europe is to buy properties in Dubai and exploit the city's very much planned reaction against COVID-19. That’s why the top end private properties valued at 10 million dirhams or more made up 2.5 percent of all homes sold in Dubai in March.

However, I just noticed a change in homebuyer conduct on account of the pandemic with estates in particularly popularity as purchasers looked for space following a time of movement limitations and lockdowns. Regardless of the restored purchasing interest, an articulated stock interest awkwardness remains. For this reason, UAE could support unfamiliar venture interest force by making occupations.

 

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