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🚀In 2023, the net profit of the Commercial Bank of Dubai experienced a significant surge, recording an impressive growth of 45.2%. 📌For the fiscal year ending on December 31, 2023, the Commercial Bank of Dubai (CBD) reported a remarkable net profit of Dh2.65 billion, indicating a substantial year-on-year increase of 45.2 percent. 📈The remarkable growth is credited to significant contributions from net interest and other operating income, fueled by strong expansion in loans. Increased market interest rates were a crucial factor in driving revenue growth. The bank, expressing optimism, highlighted positive aspects of UAE business activity and confidence, including robust domestic non-oil business activity, anticipated strong performance in key economic sectors, and sustained growth in population and businesses relocating to the country. Commercial Bank of Dubai #FinancialNews #BankingSuccess #UAEBusinessGrowth #ProfitAnnouncement #uaefinance #uaejobs #uaebusinesses #bankingindustry #bankingandfinance (https://lnkd.in/dJCTC4tS)

Five compelling reasons why it’s time to withdraw your funds from the bank and invest in Dubai real estate. ⏬ Don’t miss out on securing your financial future in one of the world’s most dynamic real estate markets. #DubaiRealEstate #InvestmentOpportunities #FinancialFreedom #realestate #realestateagent #realestateinvesting #realestatelife #realestatedubai🇦🇪👍 #dubai🇦🇪 #uae #realestateguru

Three-ish things Thursday: 1) Wio Bank (the one your mates were talking about last year because of its 6% savings rate) became profitable in its first year of operations. Four out of five of the bank’s clients come from personal referrals, says CEO Jayesh Patel (sneakers, below); a third of business customers have set up here in the last 12 months. 2) High-net-worth individuals say access to green space is the number one want when it comes to buying Dubai property, according to a Knight Frank MENA survey – ahead of beachfront/water views. That’s making master developments around things like golf courses more attractive, says Abdulaziz Zabalawi – but even 'vertical developments' (apartments, basically) are now including sky gardens. 2.5) The second most important fact in posh-house-buying also isn’t beachfront, but access to a hospital. I wondered if that meant upper bracket buyers might be older; Shehzad says no, people just care about wellness. 3) And new numbers suggest UAE GDP growth of 3.6% last year, with non-oil expansion faster than expected at 6.2%. Emirates NBD has upgraded its non-oil forecast for this year – there’s a lot of big projects on the horizon (new airport etc) that will drive growth, says Edward Bell. 

With Turkey's interest rate at 50% and banking sector net profit up almost 40% last year, there's really a good reason why international banks are interested in acquiring Turkish banks. It's all about capturing the yield. #MergersandAcquisition #FAB #Turkey #GlobalMarkets #Investing #Trading

Understand the market, Dubai is expanding📍🏠📈 إفهم السوق، دبي تتوسّع📍🏠📈 #realestate #realestateadvice #realestatebusiness #realestateconsultant #dubai #dubairealestate #wealth #capitalappreciation #cashflow #income #money #realestateinvestment #propertyinvestment

🌍 The #dollar is gaining strength, and the time to act is now! 💵 With Donald #Trump back in the White House, the U.S. dollar is showing resilience (shown in the chart below). If your local currency is losing value against the dollar, here’s a smart move: #invest in Dubai real estate. Why Dubai? ✅ #AED is pegged to the dollar, providing stability. ✅ Unmatched rental income potential. ✅ Exceptional capital appreciation opportunities. Dubai offers an investment landscape like no other. Secure your future with a high-yield, dollar-backed income stream in one of the most dynamic #realestate markets in the world. 📩 DM me for a consultation—your first session is on the house. Let’s make your money work smarter for you! #DubaiRealEstate #InvestSmart #GlobalMarkets #RentalIncome #DollarStrength

Starting January 24, 2024, UAE has removed the AED1m ($272,000) minimum down payment requirement for the property Golden Visa. Now, investors can qualify for a Golden Visa by owning a property worth AED2m ($545,000) or more, regardless of down payment amount or property status. Source: Arabian Business #news #newsupdate #goldenvisa #investors #dubaimarket #propertymarket #investment #dubairealestate #propertyinvestment

Introducing an exciting new solution for Dubai Expats: Compare interest rates across various banks within minutes with the unique advantage of the ability to access multiple bank accounts through a single application. This enables you to transfer funds between banks without the need for numerous applications or compliance paperwork. Reach out to us for a detailed explanation of this process if you're seeking a more efficient approach to managing your cash investments. #wealthmanagement #investing #Dubai #SJPAsia

#Dubai ….Money magnet Right or wrong, most people wish to have some #asset_in_Dubai: - a bank balance, - a house, - a business control center, -a family office - an investment portfolio etc The irony is these wishes are achievable and can easily be made into reality. It just awaits your determination and of course, a big mental push. The right path is of course, not to get washed away amidst a “not so well planned’ stream. Dubai is now under an #income_tax regime, which is evolving every single day and a real time reporting system (#CRS) to share personal financial data of expatriates and their businesses with the agencies of their home countries, which essentially requires your financial move to be thoroughly planned so as to also meet your home country #regulations, #enforcement processes. Whichever way you may move your #money, it’s important to have well explainable, substantive, acceptable #source_for_your_money that would surface in various #assets, #investments or #bank_deposits. Same rule applies when #HNIs try to establish kind of a #Family_Offlce in Dubai, so as to structure their home country business finances out of Dubai in addition to their overseas operations. We at #Imperial_Capital understand these operation and importance of your home country regulations as well as #international_banking norms to make you walk free of hassles, with no constraints, as and when you take such a decision. We provide solutions with complete responsibility including structuring your financial movements and settlement of your families. Mail- biraja.jena@imperialcapital.ae #money #moneymanagement #wealth #investments #realestate #business_resettlement #HNIs #privatedunds #privatebanking

💰 If your thinking of investing in Dubai or moving your money to Dubai Real estate here are top reasons to consider doing exactly that right now 💰   *GBP/AED* 🇬🇧🇦🇪 £1,000,000 is buying around AED 4,910,000 increasing by 70,000 AED since last week. .   *EUR/AED* 🇪🇺🇦🇪 €1,000,000 is equivalent to around 4,100,000 AED, increasing 20,000 AED in the last week. The euro is trading at a year-to-date high. Although fallen out of focus, the French political situation remains a constant weight on the euro in the background, with French-German yield spreads still vastly higher than before the election announcement.   *USD/AED* 🇺🇸🇦🇪 $1,000,000 is equivalent to around 3,670,000 AED As the currency is pegged we see minimal movement week to week which is great news for American clients buying AED.   If you have any questions and are an international looking to move money now or in future in the near future, then please get in contact on +971547368277 #moneyexhange #foreignexchange #internarionalinvestor #dubairealestate #dubaiproperty #dubaiinvestments #dubaifinancial #euro #usd #gpb #movingmoney #dxb #mydubai #realestateagent #dubaiinvestor