The Dubai real estate market reached a new milestone in September 2024, with both transaction volumes and the value of sales hitting unprecedented highs. A total of 12,470 off-plan property transactions were recorded during the month, reflecting a remarkable 40.5% increase from September 2023. The total value of these transactions reached $7.62 billion, representing a 31% year-on-year…
In a remarkable exit, 8i Ventures, an India-focused venture capital fund, has secured an impressive 12x return on its early investment in M2P Fintech. The fintech company, which specializes in Banking-as-a-Service (BaaS), recently raised $100 million, allowing 8i Ventures to exit with a return of INR 115.9 crore from an initial INR 9.7 crore investment. The 4.5-year journey delivered an internal…
The India Mobile Congress (IMC) 2024, held in New Delhi, has marked a pivotal moment for India’s tech ecosystem. Moving beyond its traditional focus on grants and support systems, the country is now embracing a comprehensive approach to driving startup success. With the rapid evolution of 5G, artificial intelligence (AI), and cloud computing, India is positioning itself as a global…
Evenflow, an e-commerce aggregator startup based in Mumbai, has successfully raised a bridge round, taking a major step toward its ambitious plan of going public by 2027. This latest round comes as a critical financial boost as the company looks to scale up its operations, acquire more third-party brands, and solidify its presence in the growing e-commerce space.
The Rise of Evenflow in the…
In recent years, the real estate market in Gurugram (Gurgaon) has witnessed remarkable growth, drawing comparisons with Dubai’s property market. Both cities have become significant hotspots for real estate investment, but what is driving this surge in Gurugram’s property prices, and how does it stack up against Dubai’s luxury-driven market?
A Rise in Demand: Gurugram’s…
DCGpac, a prominent player in the B2B packaging solutions industry, has reached a major financial milestone by nearing ₹100 crore in revenue and achieving profitability for the first time in the fiscal year ending March 2024. This marks a 21.4% increase in revenue from ₹79.5 crore in FY23 to ₹96.5 crore in FY24, as reported in the company’s consolidated financial statements submitted to…
MAG Lifestyle Development has recently launched its newest addition to Dubai’s real estate landscape: the MAG 777, a 22-storey luxury tower at Dubai Sports City. This AED 350 million ($95.2 million) project represents a bold move in the city’s upscale residential offerings, promising a blend of modern living and premium amenities that appeal to both professionals and families alike.
A New…
Dubai has steadily become a global hub for real estate investment, offering lucrative opportunities for both new and seasoned investors. If you’re considering diversifying your portfolio, here’s why Dubai should be at the top of your list.
1. Tax-Free Income and Capital Gains
Dubai offers a tax-free environment for both personal and corporate income, a rare advantage in the…
Dubai has rapidly transformed into a top destination for high-net-worth individuals (HNWIs), thanks to a combination of favorable policies and a booming luxury real estate market. Over the past few years, the city has attracted significant global attention, becoming a magnet for wealthy investors. So, what exactly is driving this migration?
The Magnetism of Dubai’s Lifestyle
One of the…
In a recent wave of crypto scams, scammers have been exploiting the rising popularity of memecoins by leveraging “trending” lists to lure unsuspecting investors into a trap. According to reports from leading blockchain security firms, this method has led to significant financial losses for retail investors, with some even losing their entire crypto holdings.
The Rise of Memecoin…
