Business
Dubai Economy Grew by 3.2%
Dubai Economy Grew by 3.2%. This increase in the first quarter of 2024, raised the emirate’s GDP to AED115 billion. This growth highlights the effectiveness of Dubai’s strategic vision and economic policies.
Economic Performance in Q1 2024
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence of the UAE, shared the economic performance numbers for Q1 2024 on his official X account.
The figures underscore the success of Dubai’s economic strategies, reflecting the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to establish Dubai as a leading global economic and commercial hub.
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Key Highlights
Economic Growth:
- Growth Rate: Dubai’s economy grew by 3.2% in the first quarter of 2024.
- GDP: The emirate’s GDP increased to AED115 billion.
Strategic Success:
- Vision Achievement: The growth aligns with the goals set by His Highness Sheikh Mohammed bin Rashid Al Maktoum to position Dubai as a top global economic hub.
- Dubai Economic Agenda D33: This agenda aims to double the size of Dubai’s economy and place it among the world’s top three urban economies.
Official Statement:
- Sheikh Hamdan’s Remarks:
- “In the first quarter of 2024, Dubai’s economy grew by 3.2 per cent, increasing the emirate’s GDP to Dh115 billion.
- This performance underscores the success of Dubai’s strategy to achieve the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum.
- We remain committed to achieving the goals of the Dubai Economic Agenda D33, which aims to double the size of our economy and position Dubai among the world’s top three urban economies.”
Implications and Future Outlook
Dubai’s consistent economic growth indicates a strong and resilient economy, capable of navigating global economic challenges.
The strategic initiatives and the focus on diversification have played a crucial role in sustaining this growth.
Moving forward, the implementation of the Dubai Economic Agenda D33 will be critical in driving further economic expansion and achieving the ambitious targets set for the emirate.
READ MORE: The UAE: A Frontrunner in the Business World
For more updates on Dubai’s economic performance and other related news, visit What’s Hot in UAE.
Entrepreneur
Spotting the Next Big Investment Opportunity in Dubai’s Startup Scene
Dubai has solidified itself as a global innovation hub, attracting startups, venture capitalists, and tech disruptors. From AI and fintech to space technology and Web3, new investment opportunities are emerging fast. But how do you get in early before they go mainstream?
Here’s how to spot and invest in the next big thing in Dubai’s startup scene.
1. Which Industries Are Booming in the UAE’s Business World?
Dubai’s startup ecosystem is thriving, with government support, tax-free zones, and a booming digital economy fueling new business growth. Here are the top industries to watch for high-growth investments:
🚀 Artificial Intelligence (AI) & Automation
✅ The UAE has committed $50 billion to becoming an AI superpower, with AI-driven government services, self-driving transport, and deep-tech research.
✅ Dubai’s AI Strategy 2031 is focused on robotics, predictive analytics, and smart city solutions—making AI startups a hot investment.
✅ Top AI Startups to Watch:
- G42 (AI & cloud computing)
- Derq (AI-powered smart traffic systems)
- Cognit DX (AI for customer experience)
💳 Fintech & Digital Banking
✅ Dubai’s fintech sector grew 230% in 5 years, thanks to blockchain-based finance, payment tech, and neobanking.
✅ Free zones like DIFC and ADGM offer regulatory sandboxes, attracting global fintech startups.
✅ Top Fintech Startups to Watch:
- YAP (UAE’s first digital-only bank)
- Tabby (Buy-now-pay-later platform)
- Sarwa (Robo-advisor for investing)
🌐 Web3 & Blockchain Innovation
✅ The UAE aims to be a global crypto and blockchain leader with over 1,500 blockchain startups already operating in Dubai.
✅ Government-backed initiatives like Dubai’s Metaverse Strategy aim to create 40,000 Web3 jobs by 2030.
✅ Top Web3 Startups to Watch:
- MidChains (Regulated crypto exchange)
- FTFT Capital (Blockchain & DeFi solutions)
- ColossiDAO (Decentralized investment platform)
🛰 Space Tech & Aerospace Innovation
✅ The UAE Space Agency is funding space startups, with a $3 billion investment in future Mars and Moon missions.
✅ Startups focusing on satellite technology, space mining, and zero-gravity manufacturing are gaining investor interest.
✅ Top Space Startups to Watch:
- Yahsat (Satellite communications)
- Mubadala-backed Strata (Aerospace innovation)
- Mars Scientific City (UAE’s space research hub)
2. How to Invest in Web3, AI, and Fintech Startups Before They Go Mainstream
Early-stage investing in Dubai’s hottest startups requires the right strategy. Here’s how to get in early:
💰 Venture Capital & Angel Investing
✅ Join Angel Investment Networks – Platforms like Dubai Angel Investors and Womena provide early access to pre-seed and seed-stage startups.
✅ Invest in Startup Accelerators – Backing AI, fintech, and blockchain-focused accelerators like Hub71, DIFC Fintech Hive, and Flat6Labs gives exposure to vetted startups.
✅ Check Crowdfunding Platforms – Sites like Eureeca and Beehive offer equity crowdfunding for early-stage UAE businesses.
📊 Track Government-Backed Tech Grants
✅ Abu Dhabi’s Hub71 Incentive Program offers free office space, networking, and funding for tech startups.
✅ DIFC’s Fintech Hive provides early-stage funding and regulatory support for fintech innovators.
✅ Mohammed Bin Rashid Innovation Fund gives venture debt financing to high-growth UAE startups.
3. Networking Events & Pitch Nights for Meeting UAE’s Top Entrepreneurs
Networking is key to spotting the next big startup success. Dubai hosts some of the best pitch nights, investor summits, and startup meetups:
🎟 Best UAE Startup Events for Investors
📌 Step Conference (Dubai, February 2025) – The Middle East’s biggest startup summit, featuring AI, Web3, and fintech founders pitching to investors.
📌 GITEX Global (Dubai, October 2025) – The region’s largest tech expo, showcasing next-gen AI, blockchain, and smart city startups.
📌 Fintech Surge (October 2025) – Focused on emerging fintech and crypto trends, this event connects investors with high-growth startups.
📌 Dubai Angel Investors Meetup (Quarterly) – A networking event for VC firms, angel investors, and startup founders looking for funding.
📌 DisruptAD (Abu Dhabi’s Startup Program) – A pitch competition and networking event for investors targeting early-stage UAE startups.
Final Thoughts: How to Spot the Next Big Startup in Dubai
Dubai’s fast-growing tech ecosystem is packed with high-growth investment opportunities. By focusing on AI, fintech, Web3, and space startups, networking with founders at pitch nights, and investing in early-stage accelerator programs, you can get in before the next big unicorn emerges.
🚀 Which industry do you think will dominate Dubai’s startup scene next?
Read more in our online magazine: 😎
https://whatshotinuae.com
Entrepreneur
How to Get Into the Private Crypto & NFT Investment Circles in the UAE
The United Arab Emirates (UAE), particularly Dubai, has emerged as a global hub for cryptocurrency and NFT investments. With its progressive regulatory environment and burgeoning tech ecosystem, the region offers numerous opportunities for those looking to delve into exclusive investment circles. If you are interested in Private Crypto & NFT investments, here’s how you can navigate this dynamic landscape:
1. Exclusive Investment Groups & DAOs Making Waves in Dubai
RAK Digital Assets Oasis (RAK DAO): Located in Ras Al Khaimah, RAK DAO is a government-supported free zone designed to foster digital asset companies. It offers efficient onboarding processes and pivotal licensing, fueling business growth in the crypto sector, especially in areas like private crypto and NFT domains.
HomeCubes DAO Initiatives: HomeCubes leverages DAOs to facilitate co-living property investments in the UAE, creating new ways for individuals to pool resources and invest collectively in real estate, often intersecting with private crypto and NFT spaces.
2. Attending Invite-Only Crypto & Blockchain Networking Events
Global Blockchain Congress: Scheduled for February 5-6, 2025, in Dubai, this exclusive event connects blockchain innovators with leading investors through pre-arranged, one-on-one meetings. Participation is strictly by invitation, ensuring a curated networking environment with key private crypto and NFT investors.
TOKEN2049 Week: Taking place from April 28 to May 4, 2025, in Dubai, TOKEN2049 Week encompasses a wide range of meetups, workshops, networking drinks, and parties, with TOKEN2049 being the flagship event. Some events are invite-only, offering exclusive networking opportunities for crypto and NFT enthusiasts.
AIBC World Summit: Recognized globally for blockchain, AI, crypto, and emerging technologies, the AIBC Summit hosts exclusive, invitation-only events, providing a platform to connect with industry leaders and private investors in the crypto and NFT spaces.
Meetup Groups: Platforms like Meetup.com list various cryptocurrency groups in Dubai, offering opportunities to connect with local enthusiasts and professionals, many focused on private crypto and NFT investments.
Eventbrite Listings: Eventbrite features blockchain networking events in Dubai, ranging from workshops to symposiums, catering to different interests within the crypto community, including private crypto and NFT sectors.
3. UAE-Based Web3 Startups to Keep an Eye On
CoinMENA: Licensed by Dubai’s Virtual Asset Regulatory Authority (VARA), CoinMENA is a platform that allows users to buy, sell, send, receive, and store digital assets securely and efficiently, with a focus on private crypto and NFT transactions.
HomeCubes: This platform utilizes DAOs to fund mixed-use developments in Dubai, providing a transparent, efficient, and inclusive alternative to traditional financing methods in real estate, including aspects of private crypto and NFT investments.
DMCC Crypto Centre Members: The Dubai Multi Commodities Centre (DMCC) hosts a vibrant crypto and blockchain ecosystem, offering flexible licensing solutions, commercial space, and access to a highly skilled talent pool. Members benefit from industry networking events and funding opportunities, especially those related to private crypto and NFT sectors.
Final Thoughts
Integrating into the private crypto and NFT investment circles in the UAE requires strategic networking, active participation in exclusive events, and staying informed about emerging Web3 startups. By engaging with leading DAOs, attending high-profile conferences, and monitoring innovative projects, you can position yourself at the forefront of the UAE’s dynamic digital asset landscape.
Read more in our online magazine: 😎
https://whatshotinuae.com
Entrepreneur
How to Sneaker-Shop Like a Pro: Finding Rare Kicks in the UAE
Dubai has rapidly become a global sneaker hub, with limited-edition drops, high-end sneaker boutiques, and exclusive resell markets thriving across the city. If you’re wondering how to sneaker-shop effectively, whether you’re after Nike Dunks, Yeezys, or rare Jordan collaborations, the UAE offers plenty of ways to cop exclusive sneakers—if you know where to look. Knowing how to sneaker-shop in such a diverse marketplace can be overwhelming, but understanding the scene is key.
Here’s your ultimate guide to finding the rarest sneakers in Dubai & Abu Dhabi like a pro. Learning how to sneaker-shop here means knowing the right places and times.
1. The Best Sneaker Stores for Exclusive Releases in the UAE
If you’re looking for exclusive releases, high-heat sneakers, and rare collaborations, these are the top sneaker boutiques in the UAE:
👟 Top Sneaker Boutiques in Dubai & Abu Dhabi
🏆 Presentedby (Dubai Mall) – The UAE’s hottest sneaker consignment store, with a gallery-style layout and premium sneakers sourced globally.
🔥 Concepts Dubai (City Walk 2) – One of the best stores for limited-edition sneaker collabs, including Nike, New Balance, and Yeezy.
How to Get Into the Private Crypto & NFT Investment Circles in the UAE
How to Get Into the Private Crypto & NFT Investment Circles in the UAE
💎 Amongst Few (Jumeirah 1) – A UAE-based streetwear brand and sneaker boutique stocking exclusive releases and local collabs.
👀 The Good Life (Alserkal Avenue) – A sneaker boutique known for carrying rare Air Jordans, Yeezys, and New Balance drops.
🚀 MAD Kicks (Bluewaters Island) – One of the top resell sneaker stores in Dubai, specializing in rare and high-value kicks.
🌍 Snkr Bubble (Dubai Design District) – A go-to spot for luxury sneakers, Nike SB Dunks, and premium streetwear.
✅ Pro Tip: Follow these stores on Instagram for real-time updates on exclusive sneaker releases and restocks. Additionally, knowing how to sneaker-shop in Dubai is simplified by staying connected through social media.
2. How to Get Early Access to Nike SNKRS & Yeezy Drops in Dubai
Copping sneakers at retail prices is tough, but early access and raffles can help you secure limited-edition kicks before they hit the resell market.
🔥 Best Ways to Get Exclusive Sneaker Drops in Dubai
✅ Nike SNKRS App – Nike’s official app for exclusive releases and limited sneaker drops. Download it and enable notifications to increase your chances when you learn how to sneaker-shop effectively.
✅ Adidas CONFIRMED App – The best way to enter raffles for Yeezy and Adidas collaborations before they sell out.
✅ Limited-Edition Sneaker Raffles – Boutiques like Concepts Dubai, Presentedby, and Amongst Few regularly host raffles for high-heat sneakers. Follow them on social media for updates.
✅ Retailer Priority Lists – Stores like The Good Life and MAD Kicks offer VIP customer lists, giving priority access to exclusive sneaker drops.
3. The Best Sneaker Resell Marketplaces in the UAE
If you miss out on retail drops, resell platforms and consignment stores are your best bet for scoring rare kicks in Dubai & Abu Dhabi. Learning how to sneaker-shop in the resell market is a must for rare finds.
💰 Trusted Resell Marketplaces for Legit Sneakers
📦 MAD Kicks (Dubai) – A top resell sneaker store specializing in rare Jordans, Yeezys, and Off-White collaborations.
💎 Presentedby (Dubai Mall) – A premium sneaker consignment store offering authenticated high-value sneakers.
🌐 GOAT & StockX (Online) – Global sneaker marketplaces that ship to the UAE with authentication services for added security.
🛍 The Luxury Closet (Dubai & Online) – A resale platform offering designer sneakers and rare hype collaborations.
✅ Pro Tip: Always authenticate sneakers when buying from resellers. Use platforms like CheckCheck or LegitGrails to verify authenticity.
Final Thoughts: Sneaker Shopping in Dubai Like a Pro
If you’re serious about copping rare sneakers in Dubai, it’s all about strategy, connections, and early access. Follow boutique sneaker stores, enter raffles, and know where to resell safely—and you’ll be rocking the rarest kicks in the UAE in no time. Knowing how to sneaker-shop can make this process much easier.
📍 Which sneaker drop are you waiting for? Let us know!
Read more in our online magazine: 😎
https://whatshotinuae.com
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