New video series highlights Expo 2020 Dubai’s key business offering

Business Bureau, Gulf Today

Dubai Chamber of Commerce and Industry (Dubai Chamber) has launched a new video series that showcases the impactful ways in which it will connect local and global business communities at Expo 2020 Dubai.

The “En Route To The Expo” series focuses on business leaders from the UAE, sharing their thoughts on what they are expecting from the mega-event, as well as their own contribution to the first World Expo to be held in the Middle East, Africa and South Asia (MEASA) region.

Developed in collaboration with Entrepreneur Middle East, the video series reflects the dynamism and resilience of Dubai and its business community, as well as the unprecedented opportunities presented by Expo 2020 Dubai.

The first instalment featured an in-depth interview with Expo 2020 Dubai’s Chief Experience Officer Marjan Faraidooni, who highlighted the vital role that Dubai Chamber is playing as a strategic partner supporting the event.

“Expo 2020 Dubai and Dubai Chamber are rallying the local and international business community to connect, network and together find cutting-edge solutions to encourage global partnerships and FDI flows in a post-pandemic world,” said Ms. Faraidooni.

“The Chamber is also playing a very important role in the development and delivery of an unmissable schedule of world-class business programming. For example, together with participating countries and partners, we are designing and curating a series of thematic business forums across the six-month event, most of which are related to specific sectors posing challenges and opportunities for both the local and global business community. The Chamber is also bringing on board three of its flagship global business forums - the Global Business Forum Africa, Global Business Forum ASEAN and Global Business Forum Latin America,” she added.

Commenting on the video series, Hassan Al Hashemi, Vice President of International Relations at Dubai Chamber, said that business in Dubai is set to undergo a quantum leap with the city hosting Expo 2020, adding that the mega-event will highlight the economic potential of the UAE and other markets.

“Expo 2020 Dubai will be a hugely significant mega-event that will showcase innovations from around the world that address new challenges created by COVID-19, and help businesses prepare for the post-pandemic era,” Al Hashemi said.

“Dubai Chamber is fully committed to ensuring that business functions run smoothly at Expo 2020 Dubai, which will serve as a prime example of how major international forums can be held safely and successfully in the post-pandemic era. We are looking forward to finalising our preparations for Expo 2020 and ensuring an ideal platform for local and international businesses to network, connect and collaborate,” he added.

As a new project presented under the banner of Dubai Chamber’s “Business Connect” initiative, the “En Route To The Expo” series can be watched on the websites and social-media channels of Dubai Chamber and Entrepreneur Middle East.

Meanwhile, the number of real estate transactions in the Emirate of Dubai in May 2021 reached 4,429, the highest total sales transaction values since March 2017 in excess of Dhs11.11 billion, with a growth of 1.4 percent compared to last April.

A total of 20,989 real estate sale transactions were recorded from January to May worth Dhs 47.19 billion, according to Mo’asher, Dubai’s official sales price index.

It added that Dubai’s real estate market has achieved a new record, the highest over the past four years in terms of the value of real estate sales transactions, thus highlighting the emirate’s attractiveness and flexibility in attracting real estate investments, and emphasising Dubai as one of the best global real estate destinations and the most capable of adapting to various conditions and global developments.

The 15th edition of price index, launched by Dubai Land Department (DLD), in cooperation with Property Finder, shows that May 2021 had the highest total sales transaction values since March 2017 in excess of Dhs11.11 billion, with a growth 1.4 percent compared to last April.

The base year for Mo’asher is 2012 and the base month for the monthly index is January 2012. In May 2021, the overall monthly Index recorded 1.071 and an index price of Dhs 1,007,529, the apartments monthly Index recorded 1.085 and an index price of AED 904,476 and the villas/townhouses monthly Index recorded 0.993 and an index price of Dhs 1,773,164.

The total number of sales transactions grow by 215 percent and the total value of sales transactions by 357 percent since May 2020. To break this down, the off-plan market sales transactions volume grew by 74 percent since last year, and the secondary market, which has been in high demand since the pandemic started, has grown by over 466 percent .