The ocean economy is valued at $2.6 trillion, making it the world’s fifth-largest economy if considered a country, said a new report, adding that the sector had doubled in real terms over the past 25 years, with gross value added rising from $1.3 trillion in 1995 to $2.6 trillion in 2020.
Dubai's commercial property market is entering a phase of "strategic maturation," where focus has shifted from volume-driven to value-driven acquisitions has pushed capital values to historic highs, says CRC (Commercial Real Estate Consultants) in a report.
The Dubai real estate market recorded the highest single-day real estate transaction value in its history on January 26 of AED15.6 billion ($4.25 billion), data released by the Dubai Land Department said.
