Dubai is poised to lead the next economic boom.

In the first quarter of 2022, Dubai welcomed 3.97 million overnight guests, up from 1.27 million at the same time last year, representing a 214% year-on-year increase in visitor numbers. Avyanco in the current Arabian travel market fully participated in outbound visits in the first quarter, the highest since the pandemic.

According to the Federal Center for Competitiveness and Statistics, the UAE’s GDP grew by 3.9% in constant prices in 2022. Its GDP stood at Dhs1.489 trillion, beating forecasts and expectations of international organizations which previously expected a growth rate of 3% in 2022. Avyanco fully endorses the remarkable performance demonstrating the solid fundamentals, durability and sustainability of Dubai’s economy, guided by a progressive vision and a significant ability to endure adversity while maintaining a high growth rate in all key sectors. That Company registration in Dubai reflects a significant increase for a 100% proprietary license reflecting investor and corporate confidence in Dubai’s development potential across multiple industries. Real estate, retail, healthcare, tourism, vacation homes, accounting and bookkeeping are expected to grow in the years to come.

real estate market –

According to Savills, Dubai will see $35 billion in property market transactions in 2022, the highest since the global financial crisis. Russian and Ukrainian real estate transactions in Dubai rose 67 percent in the first quarter of 2022, taking the city-state to fifth place in a country rating compiled by brokerage firm Betterhomes.

In 2021, Dubai real estate market hits an 8-year high with $41.1 billion in sales transactions. “Dubai’s housing market had a good year in 2021, with sales at an 8-year high and prices in certain top communities topping previous 2014 peaks,” said Jashvant Prajapati, CEO of Avyanco.

According to the…