Monthly Archives: February 2024

Real Estate

IPS 2024 Day 2: Insightful Sessions Illuminate Future Trends in Real Estate Industry

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IPS 2024 Day 2: Insightful Sessions Illuminate Future Trends in Real Estate Industry

Dubai, UAE, 28 February 2024: Organized with the support of the Dubai Land Department and Emirates Real Estate Solutions, the International Property Show (IPS) 2024 entered day 2, carrying the energy from day 1 forward for all visitors and exhibitors, at the Dubai World Trade Centre.

Day 2 opened with visitors flocking to the exhibition, and attend the fireside chats and panel sessions at the main IPS Conference Stage. For workshops and MOUs, the IPS Activities Stage was full with excited attendees.

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Technologies

Cybersecurity News – Group-IB report’s increased ransomware, leaks, and information theft in MEA

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Group-IB, a leading creator of cybersecurity technologies to investigate, prevent, and fight digital crime, today released their annual Hi-Tech Crime Trends report. In 2023, Group-IB’s report revealed a 68% surge in ransomware attacks, primarily affecting financial services and real estate sectors.

The Gulf Cooperation Council (GCC) countries, South Africa, and Turkey were the top targets for Ransomware-as-a-Service (RaaS) affiliates. Information stealers posed a significant threat, impacting over 297,106 infected devices in the MEA region, with an additional 903,002 hosts’ logs available for sale on underground markets. Moreover, 152 new data leaks were identified in the MEA region during the same period.

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Education

Gulf Medical University Hosts 22nd Edition of UAE’s Largest Inter-University Sports Festival

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Gulf Medical University Hosts 22nd Edition of UAE’s Largest Inter-University Sports Festival, Cultivating Sportsmanship and Inter-Professional Teamwork

  • Brought together over 2,000 students from 21 universities across the seven emirates
  • Festival concluded with a grand awards ceremony, recognizing the accomplishments of its participants.

February 28, 2024, Ajman: One of the largest inter-university athletic events in the United Arab Emirates was hosted by Gulf Medical University, and it concluded with a grand awards ceremony. Known as the Gulf Medical University Sports Festival, it brings together more than 2,000 students from 21 universities located throughout the seven emirates each year. The event, which was organized by the Gulf Medical University Student Affairs Department, took place at Thumbay Ground & Quattro Ground for its 22nd edition, attracting an unprecedented number of participants and broke previous records for the most competitors in a week.

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Technologies

AI-Driven Attacks expected to surge in 2024: Trend Micro

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AI-Driven Attacks expected to surge in 2024: Trend Micro

Trend Micro Reaffirms Its Commitment to Cybersecurity with the release of Security Predictions Report 2024

Dubai, UAE, February 2024 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions,  recently  released its Security Predictions Report for 2024 titled “Critical Scalability”. The report emphasizes the crucial need for organizations to adopt an advanced multilayered security approach to counter the growing attack surface.

The report underscores that in 2024, a growing number of enterprises will adopt artificial intelligence and machine learning (AI/ML) technologies. It notes that approximately 69% of IT leaders view the integration of machine learning as a critical operational priority. Although these technological advancements are anticipated to drive organizational growth, they also pose substantial risks, with bad actors exploiting these innovations to orchestrate attacks.

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Real Estate

Deloitte reports record real estate transaction levels in Dubai

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Deloitte reports record real estate transaction levels in Dubai: Sales prices up 18% and rents up 26% in 2023

  • The Emirate preserves its status as a safe haven for investors, amidst geopolitical and economic headwinds in other global investment markets
  • The average occupancy rate for Dubai hotels stood at 77% in 2023 and the number of international visitors surpassed pre-pandemic levels

Dubai, United Arab Emirates, February 28, 2024 – Theleading global professional services firm, Deloitte, released its annual Real Estate Report for the year 2023, reflecting on the robust performance of Dubai across all market sectors.

The residential market in Dubai has experienced remarkable growth in 2023, with sales prices increasing by 18% and rental rates soaring by 26% over the previous year. The market continues to be dominated by cash buyers, and demand for affordable villas and townhouses has fueled rental activity in this segment. Villa price growth has outpaced prices for apartments, while rent increase has moved in tandem. This trend is expected to persist in 2024, although the rate of growth may stabilize as new supply enters the market.

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