On Wednesday, Arabian Business covered some of the most happening stories in the region, which included Generative AI set to dominate in 2024 after watershed year, Alabbar reveals Emaar plan to ‘expand’ Dubai Mall and more.
Here are five trending stories you missed yesterday.
Dubai real estate: Agents reporting over AED150,000 in commission per deal as property market booms
Real estate agents in Dubai are on a high, earning up to AED150,000 per transaction, as the city’s headline-grabbing real estate market lures more and more global investors, industry insiders said.
The annual incomes of real estate agents, especially for the smartest among them – currently estimated at between AED400,000 and AED500,000 – are projected to see a significant jump in 2024, as they expand their offerings to the demanding clients to execute complex deals and quick turnarounds in making their properties earnings-ready through rentals or resale.
‘Zombie deer virus’: Middle East is safe but doctors warn of human infection risk as animal cases climb globally
Despite no reported cases of Chronic Wasting Disease (CWD) – commonly known as the “zombie deer virus” – in the Middle East so far, doctors in the UAE are urging continued precautions as global case numbers climb.
Infected animals can display neurological symptoms such as impaired cognition and changes in behaviour ultimately resulting in death. The disease affects animals like deer, elk, reindeer, sika deer and moose.
ChatGPT, MidJourney, Google Bard: Generative AI set to dominate in 2024 after watershed year
The year 2023 marked a turning point for artificial intelligence as it saw widespread adoption and experimentation with generative AI technologies. While chatbots and text generators had started gaining popularity among developers and consumers in 2021 and 2022, it was in 2023 that generative AI truly broke into the mainstream.
From code-writing assistants to image generators to powerful language models, generative AI tools flourished and found myriad applications across industries. Naturally, major tech companies that create and enable these technologies were some of the biggest beneficiaries.
Alabbar reveals Emaar plan to ‘expand’ Dubai Mall
In a new Instagram video, Emaar founder Mohamed Alabbar revealed that the multinational real estate development company is “planning to renew Dubai Mall, and expand it, as well as change it.”
“We must take care of this mall, as one takes care of their small child,” Alabbar is heard saying in the video.
Dubai’s Sheikh Mohammed announces Parkin PJSC for city’s parking operations
Sheikh Mohammed bin Rashid Al Maktoum, the Ruler of Dubai, Vice President and Prime Minister of the UAE, has issued Law No. (30) of 2023, announcing the establishment of Parkin PJSC, a public joint stock company responsible for managing parking spaces in Dubai.
The newly formed company will enjoy financial, administrative, and legal autonomy, enabling it to effectively carry out its duties, according to a statement released by the Office of Sheikh Mohammed bin Rashid Al Maktoum.
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