Studies and reports

Allsopp & Allsopp’s Quarter 1 (Q1) of 2019 has seen a rise in buyer and tenant registration against a backdrop continued reports of oversupply in the Dubai property market. Buyer registration is up by 20% with sales transactions experiencing an 18% increase. Tenant registration is up considerably at 55% with rental transactions seeing an extensive 75% increase. The population of Dubai is continuing to grow, according to the Dubai Statistics Center the city has seen a 6.5% rise since March 2018 putting the population up to 3.1 million. This rise in population is slowly but surely matching the property supply and we are seeing this with the rise in buyer and tenant registrations.

Director of Dubai Customs Ahmed Mahboob Musabih applauded the great acheivements of Dubai Customs in Q1 2019, which came in fulfilment of the emirate’s overall vision in general and the 50-Year Charter and the Eight Principles of Governance in particular. The organization has scored best on the “Leadership in Government Services Index”.

Many of today’s most pressing business problems require creative thinking to solve them, and creativity is an essential ingredient for business growth. Creativity and Innovation in the MENA poll conducted by Bayt.com, the region’s number one job site, shows that nine in 10 jobs nowadays require creativity and innovation.

Tenable®, Inc., the Cyber Exposure company, today announced that its research team has discovered multiple vulnerabilities in Verizon Fios Quantum Gateway routers. If exploited, the vulnerabilities would give an attacker complete control over the router and visibility into everything connected to it. Millions of these devices are currently in use in U.S. homes.

Global equity markets closed the week on a positive note on the back optimism over the progress in trade talks between the US and China. Additionally, the better than expected hiring in the US during the month of March has also reassured the growth after a disappointing jobs report in the previous month. Brent crude oil prices rose by 2.85% during the week on the back of tightening supplies, extending the YTD gains to 30.74%.