January 2021 355 Mohammed bin Rashid Aerospace Hub at Dubai South announced that private jets movements continued its growth in 2020 by 21 per cent compared to 2019, driven by the high number of movements in Q4. The aerospace hub also recorded a steep 78 per cent growth of private jets movements in Q4 2020 compared to the same period in 2019 due to the government’s measures in combating the spread of Covid-19. This growth is also attributed to Dubai becoming a preferred destination for tourists who are flocking into the UAE in line with the World’s Coolest Winter campaign that was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
DUBAI, January 14, 2021 The residential capital values in Dubai for December registered a 13.8 per cent drop compared to the previous year, standing at 65.3 points. It fell 0.1 per cent on month-on-month basis, thus clocking the lowest rate of decline in three years, according to leading UAE-based local consulting firm ValuStrat. The citywide capital values of residential homes approached stabilisation, as the downward trend gradually came to a standstill, stated the top consultancy. Stability and marginal improvements in capital values were observed in 90% of established villa communities as well as 63% of free-hold apartment areas, it added. According to ValuStrat, the residential rental VPI in Dubai stood at 62.1 points, declining 2% quarterly