The Alea Journal - April 2024

ALEA

Contents

PAGE 20 PAGE 23

FOREWORD

THE VERSATILE WORLD OF VIDEO GAME SOFTWARE: BEYOND ENTERTAINMENT

THE 2024 US ELECTION: AN OVERVIEW

DISCOVERING THE AZORES: A HIDDEN GEM OF THE ATLANTIC PAGE 2 PAGE 3 PAGE 7 PAGE 9 PAGE 12 PAGE 15 PAGE 16 PAGE 17 PAGE 18

IMPACT INVESTMENT IN EDUCATION: SHAPING THE FUTURE THROUGH STRATEGIC FUNDING

AIRBUS: A EUROPEAN SUCCESS STORY DRIVING INNOVATION AND JOB CREATION

THE ‘HARDEST GEEZER’ RAISING MONEY THROUGH ENDURANCE CHALLENGES

QUILTT: THE APP TRANSFORMING RETAIL

WAAD AL-AZMI: A VISIONARY VOICE IN THE REALM OF INCLUSIVE INNOVATION

THE PAST, PRESENT AND FUTURE OF DUBAI REAL ESTATE

MOHAMMED AL SHAREKH: A PIONEER OF ARABIC COMPUTING

APRIL 2024

The alea journal

CEO OF ALEA GLOBAL GROUP FOREWORD BY MOHAMMAD AL DUAIJ

Hello and welcome to the latest edition of The Alea Journal

I am delighted to be in the middle of our next event in Mexico City: the Latam Family Office Investment Summit, and looking forward to hearing all the expert insight into a wide variety of topics – I always learn so many new things from our speakers

Within these pages we also have a huge array of subjects I hope you will enjoy.

The success story of Airbus is one worth celebrating as we look at their impact not only on air travel but also on the economy and on employment in Europe

We also look at the different uses of video games software, which is used by many sectors in surprising ways

It is timely to take a look at the forthcoming US elections to see who the main players are, and we also have timeless topics such as real estate in Dubai and the impact of education investment

Inclusive design champions are spotlighted with the story of Waad AlAzmi, and retail revolution championed in our profile of the Quiltt app

We also celebrate the ‘hardest geezer ’ raising money by running across Africa, and we look back at the extraordinary achievements of the late Mohammed Al Sharekh.

Finally, we explore the beautiful and remote islands of the Azores and their year-round natural surprises

I hope you find the above as interesting as I did, and I look forward to seeing you at one of our upcoming events around the world

As ever, you can contact me at info@aleaglobalgroup.com

The Versatile World of Video Game Software: Beyond EntertainmenT

In the fast-evolving digital age, video game software has transcended its traditional realm of entertainment, becoming a dynamic tool in various non-gaming sectors. This article delves into how the sophisticated technologies and immersive experiences crafted by video game developers are now instrumental in areas such as training, real estate, and more, showcasing the broad applicability and transformative potential of video game software.

Training and Simulation

One of the most prominent applications of video game software outside the gaming world is in training and simulation Industries ranging from healthcare to defense are harnessing the power of video game technology to create realistic, riskfree environments for training purposes

For instance, in healthcare, virtual reality (VR) simulations, a technology heavily reliant on video game software, allow medical students to practice surgeries and other procedures without the need for actual patients, thereby reducing the risk and cost associated with hands-on training

Similarly, the defense sector utilizes game-based simulations to prepare soldiers for various combat scenarios

These simulations often developed with the same engines used in blockbuster video games offer realistic environments and scenarios, helping improve decision-making skills, strategic thinking, and teamwork, all within a controlled, safe setting

Real Estate and Urban Planning

In the realm of real estate and urban planning, video game software is revolutionizing the way properties and cities are designed presented and experienced

Through interactive 3D models and virtual tours, potential buyers can explore properties in great detail, experiencing the space from the comfort of their own homes

This not only enhances the buying experience but also saves time and resources for both buyers and sellers

Urban planners on the other hand are leveraging video game technology to simulate urban environments and assess the impact of various development projects

These simulations can model traffic patterns, environmental effects and the overall aesthetic of a proposed development providing valuable insights that can inform decision-making and public consultations

Education and Learning

Educational software has long been used as a tool for learning, but the integration of video game mechanics, known as ‘gamification’, has taken this to a new level By incorporating elements such as points, levels, and rewards, educational platforms are making learning more engaging and effective

Subjects that are traditionally viewed as challenging or dull, such as mathematics or programming, are being transformed into interactive experiences that stimulate students' curiosity and encourage active participation

Moreover video game software is being used to create virtual field trips, allowing students to explore historical sites, natural wonders, and even outer space without leaving their classroom This not only makes education more accessible but also ignites the imagination of students making learning a truly immersive experience

Corporate Training and Team Building

Corporations are increasingly turning to video game software to enhance their training programs and team-building exercises Customized gamebased learning modules can teach employees about company policies,

industry compliance and job-specific skills in an engaging manner These interactive experiences promote active learning, improve retention rates, and can easily be updated to reflect new information or practices

For team building multiplayer games and simulations encourage communication, collaboration, and problem-solving among team members, fostering a stronger, more cohesive work culture

This innovative approach to team building not only boosts morale but also enhances productivity by strengthening interpersonal relationships within the team

The applications of video game software in nongaming sectors underscore its versatility and potential to revolutionize traditional practices

From enhancing training and education to transforming real estate and urban planning, the integration of video game technology is opening new horizons across industries

As developers continue to innovate the boundaries of what video game software can achieve will expand, promising exciting possibilities for its application in various fields beyond entertainment

the 2024 us election: an overview

The upcoming United States election features a diverse array of candidates, each with their own unique backgrounds, experiences, and visions for the future of the country. This article aims to provide an objective overview of these candidates, detailing their party affiliations, previous offices held, and professional backgrounds.

Democratic Party Candidates

Joe Biden

Party: Democratic Party

Previous Offices: Joe Biden has served as the 47th Vice President of the United States from 2009 to 2017 Prior to that he was a United States Senator from Delaware from 1973 to 2009

Professional Background: Before his extensive political career, Biden practiced law after earning a law degree from Syracuse University.

Cenk Uygur

Party: Democratic Party

Previous Offices: Uygur has not held public office, but he is a prominent political commentator and the co-founder of "The Young Turks," a progressive online news and commentary program

Professional Background: Uygur's professional background is primarily in media and political commentary He is also a lawyer, having received a law degree from Columbia Law School

Marianne Williamson

Party: Democratic Party

Previous Offices: Williamson has not held elected office. She is known for her work as a spiritual leader author and lecturer

Professional Background: She has authored several books and is involved in various charity and advocacy efforts, particularly those focused on spiritual healing and mental health.

Robert F. Kennedy Jr.

Party: Democratic Party

Previous Offices: Kennedy has not held elected office but has been deeply involved in environmental advocacy through various organizations.

Professional Background: An environmental lawyer and author

Kennedy is a prominent figure in the fight against pollution and has been involved in numerous legal and activist efforts to protect natural resources

Republican Party Candidate

Donald Trump

Party: Republican Party

Previous Offices: Donald Trump served as the 45th President of the United States from 2017 to 2021 Prior to his presidency, he did not hold any public office

Professional Background: Trump is a businessman and television personality having built a real estate empire and starred in the reality TV show "The Apprentice "

Green Party Candidate

Jill Stein

Party: Green Party

Previous Offices: Stein has not held elected office but has been the Green Party's nominee for President of the United States in previous elections

Professional Background: Professionally, Stein is a physician and was previously involved in medical research and practice.

Independent Candidate

Cornel West

Party: Independent

Previous Offices: West has not held public office He is a prominent academic and activist

Professional Background: West is a professor of Philosophy and Christian Practice at Union Theological Seminary and Professor Emeritus at Princeton University He has authored numerous books and is known for his work in race theory, social justice, and democracy

This election season showcases a wide range of ideologies and proposals for the future direction of the United States Each candidate brings their own set of experiences and perspectives to the forefront of their campaigns As the election draws nearer, voters are encouraged to explore the platforms and past achievements of each candidate to make an informed choice that aligns with their own values and vision for the future of the country

Impact Investment in Education: Shaping the Future Through Strategic Funding

In the realm of social impact and sustainable investment, education stands out as a critical area with the potential to transform societies and economies.

Impact investment in education is a strategic approach that seeks not only financial returns but also measurable, positive social and environmental outcomes.

This article explores the concept of impact investment in education, highlights its significance, and presents examples that illustrate its transformative potential.

Understanding Impact Investment in Education

Impact investment in education refers to investments made with the intention of generating a positive, measurable social impact alongside a financial return

These investments are directed towards educational initiatives, institutions, technologies, and programs that aim to improve access, equity, and quality in education across various levels and demographics

The significance of such investments lies in their potential to address pressing educational challenges, such as literacy rates gender disparities and the skills gap, thereby contributing to the achievement of broader societal goals, including poverty reduction, gender equality, and economic development

Examples of Impact Investment in Education

Bridge International Academies

Bridge International Academies is a notable example of how impact investment can revolutionize education in low-income countries With the backing of investors who are committed to both social impact and financial returns,

Bridge has established a network of low-cost private schools in countries such as Kenya, Nigeria, and India These schools utilize research-driven, standardized curriculums and leverage technology to provide quality education to children from underserved

communities, demonstrating the potential of impact investments to fill gaps in public education systems

EdTech Startups

The rise of educational technology (EdTech) startups is another testament to the power of impact investment in the education sector

Companies like Khan Academy, an online platform offering free high-quality educational resources and Duolingo a language learning app have received substantial investments aimed at expanding their reach and enhancing their offerings

These investments have enabled these platforms to innovate and scale providing millions of learners worldwide with access to personalized flexible learning opportunities

University Endowment Funds

Some university endowment funds have begun to allocate portions of their investments towards impact initiatives including those in the education sector

For instance, the University of California's endowment fund has made significant investments in sustainability and social impact projects, including educational initiatives that promote environmental stewardship and social justice

These investments not only aim to generate financial returns but also to align the fund's portfolio with its institutional values and mission

Lumina Foundation

The Lumina Foundation is an independent, private foundation committed to making opportunities for learning beyond high school available to all

It invests in companies and funds that align with its mission to increase the proportion of Americans with high-quality degrees certificates and other credentials

Through strategic impact investments, Lumina supports innovative solutions that enhance student outcomes in postsecondary education, particularly for underrepresented populations.

The Impact and Challenges

Impact investments in education have the potential to drive significant social and economic benefits, from improving individual livelihoods to fostering inclusive economic growth

By focusing on measurable outcomes, these investments ensure that capital is directed towards initiatives that truly make a difference in the education sector

However, challenges remain, including the need for robust impact measurement frameworks, the balancing of financial returns with social goals, and the scalability of successful education models

Despite these challenges, the growing interest in impact investment in education signals a

promising shift towards more conscious purposedriven capital allocation

Impact investment in education represents a powerful tool for addressing educational disparities and unlocking the potential of individuals and communities.

By strategically directing capital towards initiatives that combine social impact with financial viability, investors can contribute to the creation of a more equitable, educated, and empowered society

As more investors recognize the value and potential of impact investments in education, we can expect to see further innovation and expansion in this sector, driving positive change for generations to come

Airbus: A European Success Story Driving Innovation and Job Creation

We delve into the remarkable story of Airbus and its profound impact on Europe's economy and innovation landscape.

In the fiercely competitive aerospace industry, Airbus stands out as a shining example of European ingenuity, resilience, and collaboration.

Founded in 1970, Airbus has grown from humble beginnings into a global powerhouse, challenging the dominance of its American rival Boeing and creating thousands of jobs across the continent

One of Airbus's greatest strengths lies in its collaborative approach to innovation As a consortium of European aerospace companies from France, Germany, Spain, and the UK,

Airbus leverages the diverse expertise and resources of its member nations to drive technological advancements and produce cuttingedge aircraft

This collaborative model not only fosters innovation but also strengthens Europe's position as a global leader in aerospace engineering

In the competitive landscape dominated by Boeing Airbus has emerged as a formidable contender consistently pushing the boundaries of aviation technology and setting new industry standards

From the iconic A320 family of narrow-body jets to the revolutionary A350 XWB and the next-generation A380 superjumbo, Airbus's innovative aircraft designs have captured the imagination of airlines and passengers worldwide

Moreover, Airbus's success translates into tangible economic benefits for Europe, generating thousands of high-skilled jobs and contributing significantly to the continent's GDP

With manufacturing facilities and research centers spread across Europe, Airbus serves as a cornerstone of the region's aerospace industry, driving innovation, investment, and economic growth

The company's extensive supply chain further amplifies its impact on Europe's economy, supporting a network of suppliers and subcontractors across the continent

From small and medium-sized enterprises to multinational corporations Airbus's supply chain ecosystem creates opportunities for businesses of all sizes, fostering economic

development and prosperity in local communities

In addition to its economic contributions

Airbus plays a vital role in shaping Europe's industrial landscape and fostering a culture of innovation and entrepreneurship

By investing in research and development, nurturing talent through apprenticeship programs and partnerships with universities Airbus cultivates a vibrant ecosystem of innovation that fuels Europe's competitiveness on the global stage

Furthermore, Airbus's commitment to sustainability underscores its dedication to responsible business practices and environmental stewardship

As the aviation industry seeks to reduce its carbon footprint and mitigate climate change, Airbus leads the way with fuelefficient aircraft designs, alternative propulsion technologies, and initiatives to promote sustainable aviation fuels

Looking ahead, Airbus continues to chart a course for success, poised to capitalize on emerging opportunities in the aerospace sector and drive Europe's economic recovery and growth

With a relentless focus on innovation, collaboration, and sustainability, Airbus embodies the spirit of European excellence and serves as a beacon of inspiration for industries and nations around the world

Airbus's remarkable journey from inception to global prominence highlights the power of collaboration, innovation, and determination

As Europe's flagship aerospace manufacturer, Airbus not only competes with Boeing on the global stage but also creates jobs drives economic growth and fosters innovation across the continent

With its pioneering spirit and commitment to excellence, Airbus exemplifies the best of European industry and continues to soar to new heights, shaping the future of aviation for generations to come

the ‘Hardest Geezer’ raising money through endurance challenges

Russ Cook, also known by his moniker ‘Hardest Geezer’, has captured the attention and admiration of many for his extraordinary endurance challenges. In 2022, he made headlines by becoming the first person to run from Asia to London, a feat that set the stage for his next audacious endeavor: running the entire length of the African continent.

In April 2023, Cook embarked on what is dubbed ‘Project Africa’, a journey that began in South Africa, with the goal of running north up the west coast through numerous countries including Namibia Angola Democratic Republic of the Congo, Republic of the Congo, Cameroon, Nigeria, Benin, Togo, Ghana, Ivory Coast, Guinea, Senegal, Mauritania, Algeria, and culminating in Tunisia This monumental task is the equivalent of completing 360 marathons in 240 days.

The purpose of Cook's grueling run extends beyond personal achievement; he is driven by a desire to make a positive impact Through "Project Africa," Cook aims to raise significant funds for two charities: The Running Charity, which supports young homeless individuals, and WaterAid, which works to make clean water reliable toilets and good hygiene normal for everyone everywhere To date, Cook's efforts have raised over £190,000 for these causes

Cook's journey has been fraught with challenges, including logistical issues, health scares, and even a terrifying encounter where he and his team were robbed at gunpoint Despite these obstacles Cook has shown remarkable resilience, adapting his running schedule to the harsh Saharan conditions by starting his runs shortly after dusk to avoid the brutal daytime heat and wind

As Cook nears the end of his epic journey with the ‘finish line’ in Tunisia approaching his story serves as a testament to the human spirit's capacity for endurance, compassion, and the desire to make a difference in the world Cook's updates and experiences are shared with a growing community of supporters and followers through social media offering a window into the extraordinary challenges and triumphs of his journey

Quiltt: The App transforming retail

The Quiltt app is revolutionizing the way retail businesses manage sales and predict trends through its innovative AI-powered platform.

Quiltt is a user-friendly app aimed at helping retail businesses make smart decisions about their stock and sales by leveraging artificial intelligence (AI) It simplifies the process of organizing sales data, making it accessible even for those who may not be familiar with AI or complex retail analytics

By analyzing sales trends and patterns, Quiltt can predict future demand allowing retailers to plan their inventory more effectively This not only helps in reducing overstock or shortages but also enhances customer satisfaction by ensuring popular products are always available

The tool is designed to be intuitive, so even retailers with limited technical knowledge can benefit from its insights making their businesses more efficient and responsive to market changes

By offering a seamless integration of offline sales data into a cloud-based system, Quiltt enables businesses to automate the time-consuming tasks of data uploading cleansing and enrichment This not only streamlines operations but also ensures that the data is ready for immediate use

With its advanced AI algorithms, Quiltt provides detailed forecasting across various dimensions,

giving businesses a comprehensive view of potential sales trajectories

One of the standout features of Quiltt is its focus on performance insights that directly impact profitability, such as marketing spend and stock risks.

This approach allows businesses to make informed decisions that are rooted in datadriven insights The platform's ability to simplify complex data processes and present actionable information is particularly beneficial for retail businesses looking to enhance their efficiency and adapt to rapidly changing market conditions

Dr Maryam Zamani, Founder and CEO of MZ SKIN, has acknowledged the effectiveness of Quiltt in making retail operations more efficient and data-centric Her endorsement highlights the real-world applicability and benefits of the Quiltt platform in improving business processes and outcomes

For businesses seeking to leverage AI for sales management and prediction, Quiltt offers a powerful and user-friendly solution

Its cloud-based platform ensures accessibility and scalability, making it a valuable tool for retailers aiming to stay ahead in the competitive market

To find out more about Quiltt, visit their website.www.quilttapp.co

Waad Al-Azmi: A Visionary Voice in the Realm of Inclusive Innovation

In Kuwait, a narrative of hope, diversity, and innovation is being written by Waad Al-Azmi, a 24-year-old visually impaired tech enthusiast, in collaboration with Studio Exception and Zain Group. Born with blindness due to genetic factors and armed with a BA in English Literature, Waad is on a mission to reshape the world into a more accessible and inclusive space for everyone.

The Catalyst of Change

Waad's story, marked by resilience and a desire to make a difference, underscores the critical role of technology in empowering individuals with disabilities "Without the internet, without technology, a blind person would be completely dismissed," Waad remarks highlighting the disparities in accessibility among popular streaming platforms

This personal insight into the challenges faced by visually impaired individuals in engaging with digital media serves as a powerful reminder of the need for inclusivity in technology

A Partnership for Inclusive Progress

Waad's collaboration with Studio Exception, facilitated by Zain Group's inclusivity initiative WE ABLE is a testament to the transformative power of inclusive innovation The partnership kicked off with an enriching workshop at Zain's headquarters, bringing together diverse minds to brainstorm on creating products that resonate with everyone, regardless of their abilities

Waad's perspective played a pivotal role in this collaboration, emphasizing the importance of designing with empathy and inclusivity "What would happen if this application is inaccessible? Will I be independent? Will I have the privilege to choose?" Waad questions highlighting the everyday impact of inclusivity on personal autonomy and independence

Embracing Challenges with Pride

In an inspiring declaration of self-acceptance Waad states "I love being blind " challenging societal perceptions of disability This powerful statement reflects her journey of overcoming obstacles and advocating for awareness and accessibility in Kuwait Waad's story is not just about facing challenges but about transforming these challenges into opportunities for advocacy and change

Envisioning an Accessible Future

When asked about the potential of universally accessible technology, Waad paints a hopeful picture: "If this happens, there will be no person with blindness " This vision of a world where technology offers alternative ways to experience and interact with the environment underscores the transformative potential of inclusive design

The Road Ahead

As Waad Studio Exception and Zain Group continue their collaborative journey the telecommunications industry and beyond watch closely This partnership, fueled by Waad's insights and the collective commitment to inclusivity, is poised to redefine the standards of accessible design

Navigating Portugal's Hospitality Boom

Introduction:ANewDawninPortugal's HospitalityIndustry

IntheheartofEurope,Portugalemergesasabeaconof opportunitywithinthehospitalityindustry,drawinginvestors andtouristsaliketoitsvibrantculture,stunninglandscapes, andhistoricalrichness Attheforefrontofthisgoldenerais VIDACapital,avisionaryentitypoweredbythedeep-rooted expertiseofitsfounders

YourPlanB:ObtainAEuropeanPassport

UnlockingPotentialThroughInvestment

Portugal'sGoldenVisaprogramstandsasapremier citizenshipbyinvestmentprograminEurope.Byfacilitatinga pathtoresidencyforthosewillingtoinvest,thisinitiativehas sparkedarenaissanceinadiversityofinvestmentfunds, includingthehospitality

sectors ItisaseamlessroutetoobtainingaEuropean passportwithaminimuminvestmentof€500,000without thenecessityofrelocation Withaminimumstay requirementofonly1weekayear,youcanobtaina Portuguesepassportforyouandyourfamilyinonly5years

AStrategicBlueprintforSuccess

DistressedAssetstoLuxuryMarvels

AtthecoreofVidaCapital’sstrategyliesakeeneyefor potential:acquiringdistressedassetsat20-40%below marketvaluefromoff-marketdeals,NPLsfrombanks,

court-orderedliquidations,etc.Theseproperties,carefully selectedandstrategicallylocated,arethenrevamped withouttheneedforconstructionpermits intopremium hospitalityprojects Thismodelnotonlymaximizesvaluebut alsofast-tracksthejourneyfromacquisitiontooperationwhile loweringtheriskprofileoftheinvestments.

BrandedResidences:ANewParadigmofLuxury

TheFreedomofHomewiththeEleganceofHigh-End Hospitality

VidaCapitalisattheforefrontofaburgeoningtrendinEurope theriseofbrandedresidences Thisinnovativehotelmodel offersgueststheindependenceofstayinginanapartment withalltheamenitiesandservicesofluxuryhotels Byinvesting predominantlyinthissegment,VidaCapitalisnotjust capitalizingonamarkettrend;it’sactivelyshapingthefuture ofhospitality

TheVidaCapitalAdvantage:Exceptional Returns,UnmatchedExpertise APromiseofProsperity

Withacarefullycraftedstrategyfocusingondistressed assets,theCapitalisprojectinganimpressive15%IRRforits shareholders,combiningannualcashdividendsandexit proceeds.VidaCapitalpresentsanattractivepropositionto investorsseekinggrowthandstability VidaCapital’s approachisatestamenttoitsabilitytoidentifyand capitalizeonuniquemarketopportunities,promisinga futureoffinancialsuccessandsecurity

ThePillarsofVidaCapital:FoundersAlex OhnonaandMariaAlvarez AFoundationBuiltonExpertiseandVision

AtthehelmofVidaCapital’sremarkablejourneyareits founders,AlexOhnonaandMariaAlvarez,whosecollective expertisehasbeeninstrumentalinshapingthefund's directionandethos

AlexOhnonabringsawealthofexperiencefromhistenure atSelina,thefastest-growinghospitalitycompanytodate HisleadershipandstrategicinsightwerepivotalinSelina’s growth(builtover100hotelsin25+countriesinonly6 years),showcasinghisabilitytoscaleoperationsanddrive innovationwithinthecompetitivehospitalityindustry.

MariaAlvarezcomplementsthiswithherprofoundlegaland financialacumen Withacareerspanningprestigious institutionssuchasBarclay's,Macquarie,andFreshfields, Alvarez’sexpertiseensuresVidaCapitalnavigatesthe complexlandscapeofinternationalrealestateinvestment withprecisionandintegrity

Together,OhnonaandAlvarezformthecornerstoneofVida Capital,guidingthefundtowardsitsvisionwithasteadfast commitmenttoexcellenceandstrategicgrowth Their uniqueblendofskillsandexperiencesnotonlysetsVida Capitalapartbutalsosecuresitspositionasaleaderinthe luxuryhospitalityinvestmentspace

SustainabilityandInnovation:TheHallmarksofOur Investments

BalancingGrowthwithGreenInitiatives

Embracingthedualgoalsofprofitabilityandsustainability,Vida Capitalcommitstoinvestmentsthatrespectthedelicatebalance betweendevelopmentandenvironmentalstewardship.Vidaaimsto giveasecondlifetoassetsthatwereleftoutduetopoormanagement, focusingonupcyclingatitscore.VidaCapitalstrivestointegratea maximumofrenewableenergysourcesintherefurbishmentofallofits projects Allthefurnitureandartthatisbroughtintotheassetstogive themapremiumandfreshlookareexclusivelymadelocally(in Portugal),andtheoperationsteamsensuretomaximizesourcingofall productslocally Throughinitiativesthatemphasizegreenbuilding practicesandcommunityengagement,VidaCapitalensuresits growthisbothresponsibleandimpactful

Conclusion:AnInvitationtoPioneerWithUs

JoiningHandsforaBrighterFuture

VidaCapitalextendsawarminvitationtolike-mindedinvestorsand partnerswhoshareourvisionforarevitalizedandsustainable hospitalityindustryinPortugal Together,withstrategicinvestments andacommitmenttoexcellence,wecanforgealegacyofsuccess andtransformation

Ifyouwishtoreceivemoreinformation,pleasecontactusatir@vidacapcom

the past, present and future of dubai real estate

Whether you’re looking to invest, or just curious, enjoy these insights into the Dubai real estate market from Artur Oganesian, Dubai Real Estate Expert.

What is your professional background and how does it give you insight into the real estate market in Dubai?

My professional journey has been quite diverse, initially starting in Sales and later transitioning into IT Product Management before finding my passion in real estate This unique blend of experiences has equipped me with a multifaceted understanding of consumer behavior, market dynamics, and technological trends In Dubai's real estate sector, this background allows me to discern patterns, anticipate market shifts, and leverage technology to offer innovative solutions to clients

In your experience, what are some changes in the market you have noticed over the last five years?

Over the past five years, Dubai's real estate market has undergone notable transformations We've witnessed a shift towards more sustainable and eco-friendly developments branded projects an increased emphasis on community-centric living, and a growing integration of advanced technologies such as AI and blockchain in property management and transactions Additionally, regulatory reforms aimed at enhancing transparency and investor protection have significantly shaped the market landscape.

How do you think the market in Dubai will change in the next five years?

Looking ahead, the Dubai real estate market is poised for further evolution driven by factors such as Expo 2020's legacy, continued infrastructure development, demographic shifts, and the adoption of smart city initiatives I anticipate a greater focus on affordable housing solutions, sustainable urban planning, and digitalization across the sector Moreover the market is likely to witness increased diversification in offerings catering to evolving consumer preferences and lifestyle trends

What makes the Dubai real estate market unique?

The Dubai real estate market stands out globally for its dynamic nature, offering a unique blend of luxury, innovation, safety and

cultural diversity Its strategic location as a global business hub, coupled with a favorable regulatory environment and world-class infrastructure, attracts investors and residents from across the globe

And of course Tax freedom is a cherry on the top. Furthermore Dubai's commitment to visionary urban planning and iconic architectural landmarks contributes to its allure as a premier real estate destination

What other cities around the world do you think have similar opportunities or concerns?

While Dubai remains distinctive in many aspects several cities around the world share similar opportunities and concerns in the real estate realm Cities like Singapore, Hong Kong, and London boast vibrant real estate markets driven

by strong economic fundamentals global connectivity, and cultural diversity Conversely, concerns such as affordability, sustainability, and regulatory stability are shared challenges faced by major metropolitan centers worldwide

What projects in particular are you looking forward to seeing develop?

There are several exciting projects on the horizon in Dubai that I am eagerly anticipating Among them are Damac Lagoons, Palm Jebel Ali, Dubai World Islands, Dubai Creek Harbour, Mohammed Bin Rashid City, and Dubai South present compelling opportunities for pioneering urban developments that will redefine the city's skyline and lifestyle offerings

You can find Artur at linkedin.com/in/oganesianam

Mohammed Al Sharekh: A Pioneer of Arabic Computing

In the realm of technology and innovation, few names shine as brightly in the Arab world as Mohammed Al Sharekh (1942-2024) whose visionary work has left an indelible mark on the digital landscape.

As a luminary figure, Al Sharekh's contributions have transcended borders, but it is his pioneering work with Sakhr Software Company that stands as a towering testament to his legacy.

Empowering a Region

Through Sakhr, Al Sharekh introduced the first Arabic language operating system into computers, a groundbreaking achievement that not only transformed the digital world but also enriched the cultural tapestry of the Arab region.

The Genesis of Sakhr Software Company

In the late 20th century, as computers began to reshape societies and economies around the globe, the Arab world faced a significant barrier: the lack of Arabic language support in computing Recognizing the profound gap between technological advancements and cultural inclusivity, Mohammed Al Sharekh cofounded Sakhr Software Company, setting the stage for a revolution in Arabic computing

Breaking the Language Barrier

Under Al Sharekh's visionary leadership Sakhr Software Company embarked on an ambitious journey to develop the first Arabic language operating system This was no small feat; the complexities of the Arabic script, with its intricate characters and contextual forms, presented a unique set of challenges. Yet, through relentless innovation and a deep understanding of both technology and Arabic linguistics, Sakhr succeeded in creating an operating system that not only supported Arabic text but also facilitated its use in a wide range of applications and services

The introduction of an Arabic language operating system was more than a technological breakthrough; it was a cultural awakening For the first time, millions of Arabic speakers could interact with computers in their native language opening up vast new horizons for education, business, and personal communication Al Sharekh's work with Sakhr played a pivotal role in democratizing technology in the Arab world, making it accessible and relevant to its people

Legacy of Innovation

Mohammed Al Sharekh's contributions through Sakhr Software Company extend beyond the technical realm; they embody a vision of a world where technology serves as a bridge between cultures His efforts to integrate the Arabic language into the digital fabric have paved the way for subsequent innovations in software, online content, and digital media in the Arab region

As we commemorate the life of Mohammed Al Sharekh, we celebrate not only a pioneering technologist but also a cultural ambassador. Through his work with Sakhr he has left an enduring legacy that continues to inspire generations of innovators and entrepreneurs in the Arab world and beyond Al Sharekh's journey reminds us that at the intersection of technology and culture lies the power to transform societies and enrich human experience in profound ways

Discovering the Azores: A Hidden Gem of the Atlantic

Tucked away in the vastness of the Atlantic Ocean lies a hidden gem waiting to be discovered – the Azores archipelago Comprising nine volcanic islands scattered across the ocean, the Azores offer a mesmerizing blend of natural beauty, rich history, and vibrant culture. Let's embark on a journey to unveil the wonders of this remote Portuguese paradise.

A Glimpse into History

The history of the Azores is steeped in tales of discovery and exploration Believed to have been uninhabited until the arrival of Portuguese explorers in the 15th century, the islands quickly became an important stopover for ships traversing the Atlantic Over the centuries, the Azores played a pivotal role in maritime trade and navigation, shaping their unique cultural identity and leaving behind a legacy of fortresses, churches, and charming villages

Island Diversity

The Azores archipelago comprises nine main islands, each with its own distinct character and attractions São Miguel, the largest and most populous island, boasts verdant landscapes, volcanic craters, and picturesque lakes, while Terceira captivates visitors with its UNESCO-listed historic center and vibrant festivals From the rugged cliffs of Faial to the lush valleys of Flores, each island offers a wealth of experiences waiting to be explored

Cultural Richness

At the heart of Azorean culture lies a deep connection to the land and sea, shaped by centuries of isolation and resilience

Traditional music, dance, and folklore play a central role in local celebrations, while artisanal crafts such as pottery and weaving showcase the islands' rich cultural heritage

Visitors to the Azores can immerse themselves in this authentic island culture, sampling local delicacies, attending festivals, and exploring historic sites that tell the story of the archipelago's past.

Things to Do in the Azores

From outdoor adventures to cultural experiences, the Azores offer a wide range of activities to suit every traveler's interests

Nature Exploration: Hike through lush forests, explore volcanic craters, and marvel at cascading waterfalls in the Azores' pristine natural landscapes With hundreds of kilometers of hiking trails, the islands are a paradise for outdoor enthusiasts seeking adventure and breathtaking views.

Marine Adventures: Dive into crystal-clear waters teeming with marine life, embark on whale-watching excursions to spot majestic cetaceans, or enjoy leisurely boat trips along the coast The Azores' rich marine biodiversity offers endless opportunities for unforgettable aquatic experiences

Cultural Immersion: Discover the islands' rich history and heritage by exploring historic towns, visiting museums and cultural centers, and participating in traditional festivals and events From guided tours of historic sites to hands-on workshops with local artisans, there are plenty of ways to immerse yourself in Azorean culture

TSeasonal Changes

The Azores enjoy a mild, maritime climate year-round, characterized by moderate temperatures and frequent rainfall While the islands' weather can be unpredictable, with rapid changes in conditions, each season offers its own unique attractions and activities

Spring: Springtime in the Azores brings blooming flowers, lush greenery, and milder temperatures, making it an ideal season for hiking, wildlife watching, and exploring the islands' natural beauty

Summer: Summer brings warm weather and longer days, perfect for outdoor adventures such as swimming, snorkeling, and kayaking. The islands come alive with festivals, concerts, and cultural events, offering visitors a taste of Azorean hospitality and traditions

Fall: Fall brings cooler temperatures and fewer crowds, making it an ideal time to explore the islands' hiking trails, visit historic sites, and sample seasonal delicacies such as chestnuts and sweet potatoes

Winter: Winter in the Azores is mild but can be wet and windy, particularly in the higher elevations Despite the occasional rain, the islands retain their natural beauty, offering opportunities for whale-watching, birdwatching, and indoor activities such as wine tasting and museum visits.

Upcoming Events

14 May 2024

The Alea Sessions - USA Edition

Miami, USA

24-25 September 2024

Europe Family Office Investment Summit

Rome, Italy

8-9 October 2024

APAC Family Office Investment Summit

Hong Kong

16 October 2024

The Alea Sessions - Canada Edition

Montreal, Canada

9-10 December 2024

Middle East Family Office Investment Summit

Duba, UAE

21-22 May 2025

Africa Family Office Investment Summit

Johannesburg, South Africa

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