BRICS MORTIMER SILK

August 2024

UK Economy

UK Economy: JP Morgan Boosts Growth Forecasts Amid Strong Data

JP Morgan has revised its UK economic growth forecast for Q3 2024, now predicting a 0.4% increase, up from 0.3%. This translates to an annualized growth rate of 1.5%. The upgrade follows recent data showing a 0.6% GDP rise in Q2, driven by resilient consumer spending despite ongoing challenges. Retail sales in July also showed promise, with a 0.5% month-on-month increase, suggesting that consumer...

Dubai’s real estate market

Dubai’s real estate market has one of the most dynamic and promising investment landscapes.

Over the past three years, Dubai has witnessed an impressive rise in property values, with average prices increasing by 35% offering both short-term returns and long-term capital appreciation. In 2021, average sales prices for apartments were around AED 950 (£200) per square foot, and as of 2024, they have surged to approximately AED 1,250 (£260) per square foot. This represents an annual price increase...

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