5 Best Investment Opportunities In Dubai Non-Oil Industries

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Thank you for registering. In order to get started, you need to validate your email address. Some functionalities on this site will be limited until you do so. An email has been sent to your email address. Click on the URL contained in the email to validate your email address. Contact us with any questions at info durise. The property has also witnessed 4. How do oil prices influence the Dubai real estate market.

Decrease in the price of oil has many multiplier effects we will try and examine how a low oil price will impact real estate in Dubai. Federal government of the United Arab Emirates UAE has relied on its oil wealth since the s to fuel growth and development of its country. Reduction in the price of oil reduces its revenues and therefore its fiscal spending. In JulyUAE removed fuel subsidies enjoyed by its residents, as a measure to cut cost and improve finances.

UAE is expected to post budget deficit first time since and this was one small step reduce the deficit. Therefore the price of oil has not yet had a negative impact in the volume of real estate transactions in Dubai. One of the reasons is the Dubai labour market. Dubai is the second most popular destination of retailers present, followed by Shanghai surpassing New York in However public sector continues to be the second invest in oil dubai stock exchange employer in Dubai with roughly Reduction in public spending might push many of these employees to cut their spending and a recent report in the Wall Street Journal hinted at even job cuts in the public sector.

Another reason is the tourism and hospitality sector in Dubai. According to a report by MasterCard Dubai airports capacity and frequency of flight destination is the third best in the world only behind London and Paris. Master Invest in oil dubai stock exchange Dubai tops the list with the most number invest in oil dubai stock exchange overnight international visitors: According to a report on ArabianBusiness.

Although low oil prices do not seem to have much impact on the overall diversified and non-oil reliant economy of UAE, it will certainly have an impact on real estate prices.

There are two main reasons for this 1 Buyers 2 Liquidity. Most of these countries have oil based economies where purchasing power is determined by the economic growth fuelled by rising oil prices, it is safe to assume in the event of budget cuts and fiscal deficits, GCC, Russian and UAE investors would feel holding cash more important especially in the economic instability. Political and economic uncertainty may also have reduced their numbers. Second aspect which may have contributed to price decrease is the liquidity of the local banks.

Government and its institutions contribute large deposits to banks, in the event of low oil prices and rising budget deficits government may be forced to withdraw from these deposits which impact option demo account of credit and therefore fewer buyers of real estate.

Rental market is steady and is expected to remain that way for the foreseeable future, tourism and the labour market by all accounts are growing and this will keep rents relatively stable. From buyers perspective this is a good time to buy real estate in Dubai, because of lower price and steady yield, oil price once it starts to re-bound will only have a positive impact on the real estate price.

Overall we can conclude that low oil prices have not really hurt real estate market in Dubai because its price is influenced invest in oil dubai stock exchange many other factors, we can say that it is fairly steady with a slight price decrease. Registration successful Thank you for registering.

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ADNOC Distribution today announced a new customer-centric approach that provides its clients with a greater choice of services when purchasing fuel. From mid-April, customers at service stations in Abu Dhabi will have the choice of a new premium service, for a small fee, or a self-serve option. The premium and self-serve options will then be rolled out to other stations in the UAE throughout In addition, a new service called 'MyStation' is being piloted, which provides customers with the choice of having LPG cylinders or fuel delivered to their home or vehicle.

The UAE has vowed to offer its residents a clean city by tapping alternative sources of renewable energy aided by smart solutions that will lead to savings in power consumption.

Better awareness among residents and efficient use of power and water can both help the nation gain better energy efficiency. Solar remains the critical" These actions reflect the vision of H. Gulf Oil is an iconic global brand with presence in more than countries, producing and marketing a comprehensive range of high quality automotive and industrial lubricants, greases and specialty chemicals.

Ange is among the most well-respected family-owned companies in the UAE, employing over 16, people" Total oil product stocks in Fujairah stood at Stocks of middle distillates fell by almost 14 percent to 2. Asia's gasoil market was largely balanced," Abu Dhabi-owned Mubadala Investment Company's integrated petroleum and petrochemicals unit is seeking lower-cost barrels of oil at home and across Asia, even as it positions itself as a strong player in the North American natural gas and chemicals industry, its CEO said.

ENEC and Nawah presented a wide range of scholarship courses for Higher Diplomas in a variety of fields, for those who are interested in pursuing a career in nuclear energy. National Service graduates were given the" ENOC Group has opened a new service station at Al Marmoum First — a new highway - on Dubai-Al Ain Road as part of its expansion plans aimed at building 54 service stations by , 16 of which are scheduled to open in ENOC's service station is the first in that area serving the upcoming and nearby communities and covers an area of72, square feet.

All future ENOC service stations including this one will be powered by solar energy" UAE aims to become most environmentally clean country.

Fujairah oil stocks edge down. Mubadala's petroleum and petrochemicals wing eyes lower cost barrels. ADNOC signs two new three-year deals for the sale of up to 1. ENOC Group opens first of 16 new stations scheduled for