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CARS24 was founded in 2015 by Vikram Chopra, Mehul Agrawal, Gajendra Jangid and Ruchit Agarwal as a platform to buy and sell used cars. [ 5] In 2021, the company expanded its operations internationally in several countries, including the United Arab Emirates, Thailand and Australia. [ 6]
US$ 134.6 billion (2023) • Metro. US$ 202.8 billion (2023) Time zone. UTC+04:00 ( UAE Standard Time) Website. dm.gov.ae. Dubai ( / duːˈbaɪ /, doo-BYE; Arabic: دبي, romanized : Dubayy, IPA: [dʊˈbajj], Gulf Arabic pronunciation: [dəˈbæj]) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of ...
Tourism is a major economic source of income in Dubai and part of the Dubai government's strategy to maintain the flow of foreign cash into the emirates. [19] The tourism sector contributed in 2017 about $41 billion to the GDP, making up 4.6% of the GDP, and provided some 570,000 jobs, accounting for 4.8% of total employment. [20]
The city has a car ownership rate of 541 cars per 1,000 population. This figure exceeds that of cities like New York City [444 cars per 1,000 population], London [345 cars per 1,000 population] and Singapore [111 cars per 1,000 population]. If this trend continues, then by 2020, there will be 5.3 million registered cars in Dubai.
The drop in used car prices is also good news for the U.S. Federal Reserve, which has been steadily raising interest rates in hopes of slowly curbing inflation without sending the U.S. spiraling ...
Ian Lang, senior car advice editor at Bumper, said the only predictable seasonality to the used-car market is new model releases. The next year’s models usually hit the market in late summer or ...
The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 4th largest in the Middle East (after Turkey, Saudi Arabia and Israel ), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023. [ 5] The UAE economy is heavily reliant on revenues from petroleum and natural gas ...
The United Arab Emirates[ b] ( UAE ), or simply the Emirates, [ c] is a country in West Asia, in the Middle East. Located at the eastern end of the Arabian Peninsula, it shares land borders with Oman to the east and Saudi Arabia to the southwest; as well as maritime borders in the Persian Gulf with Qatar and Iran.
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