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A total of 457 plots are eligible for conversion to freehold on Sheikh Zayed Road and Al Jaddaf in Dubai

Dubai expands freehold areas to attract new investment

Private property owners along Sheikh Zayed Road, extending from the Trade Centre Roundabout to the Water Canal and Al Jaddaf, will be allowed to convert their ownership status to freehold to all nationalities. A total of 457 plots are eligible for conversion to freehold. This includes 128 plots on Sheikh Zayed Road and 329 plots […]

KKR GDH Tarek Al Ashram Tara Davies Thani Bin Ahmed Al Zeyoudi Omar Sultan Al Olam

KKR signs a $5bn Gulf data centre deal in Dubai

KKR, the American investment giant, and the data centre platform Gulf Data Hub (GDH), based in Dubai, have signed a strategic partnership to invest $5 billion in data centres serving the Gulf. A joint press release on Friday said that funds “affiliated with KKR” will also acquire a stake in GDH, although it did not […]

Cargo being loaded to an Emirates Boeing 777 – the airline has more on order

Emirates increases capacity to meet rising cargo demand

Dubai national carrier Emirates Airline has taken delivery of two additional aircraft to increase capacity and meet growing demand for its cargo service. The company has signed multi-year leasing deals for two Boeing 747 freighters, which have raised Emirates’ cargo capacity by 15 percent, the airline said in a statement. Emirates SkyCargo transported almost 1.2 […]

Dubai's Emaar reported a 30% jump in annual revenues for the first three quarters of 2024 to AED23.8bn

Dubai’s Emaar confirms talks to sell stake in Indian unit

Emaar Properties, Dubai’s largest developer, has confirmed talks with companies in India, including Adani Group, for a possible stake sale in its Indian subsidiary. The valuation and other terms of a potential transaction are not finalised, the developer said in a Dubai bourse filing on Thursday. The clarification followed a news article by Mint, an […]

Dubai Abu Dhabi rail: One of the planned railway stations will be on Yas Island, home to the Ferrari World amusement park

Tenders issued for high speed Abu Dhabi-Dubai rail link

Tenders have been issued for the design and construction of central components in a high-speed rail link between Abu Dhabi and Dubai. Etihad Rail, the national rail company of the UAE, has sent out tenders for designing and constructing civil works and station packages for the line connecting the two cities as part of the […]

A rendering of the Dubai Crypto Tower that is intended to house blockchain companies

Dubai Multi Commodities Centre announces “Crypto Tower”

Dubai Multi Commodities Centre (DMCC) and software company Reit Development have announced plans to build a 17-storey “Crypto Tower” that they say will demonstrate the use of blockchain technology.  Blockchain will be used for tenant interactions and transactions through the use of on-chain voting mechanisms, shared resources, smart contracts and other automated services. The 150,000 sq […]

An appeal against construction company Drake & Scull International was rejected by the Dubai Court of Cassation leaving former executives facing substantial damages

Former Drake & Scull executives lose appeal in Dubai court

UAE-based Drake & Scull International (DSI) has claimed a pivotal legal victory after an appeal from former executives of the company was thrown out. Ex-CEO Khaldoun Rashid Tabari and ex-executive Saleh Muradweij were previously ordered to pay almost AED152 million ($41 million) as compensation “for the material and moral damages suffered by the company”. The […]

Shell's Perdido platform in the Gulf of Mexico; the company is likely to move its gas trading team from Madrid

Shell to relocate Madrid gas trading team to Dubai

Shell plans to close its Madrid gas trading operations for tax reasons, Spanish newspaper Cinco Dias has reported. Citing unnamed sources, the report said Shell planned to relocate its gas trading staff of 50 people to Dubai, London and Singapore. The staff includes a team handling commercial activities. The Madrid operations were originally part of […]

Fees for the new Gems school in Dubai Sports City will start at AED116,000

Gems Education announces $100m Dubai school

Gems Education has revealed plans to open the most expensive school in the Gulf, which is set for completion later this year. It is spending $100 million to develop Gems School of Research and Innovation in Dubai Sports City. Annual fees will start from AED116,000 ($31,582) for early-years education and rise to AED206,000 by the […]

Students at Harrow in the UK. Taaleem's two 'super-premium' schools will be run in partnership with Harrow

Taaleem plans new schools in Dubai and Abu Dhabi

Taaleem has revealed plans to add two “super premium” schools to its portfolio in 2026 as it takes advantage of the increasing number of high-net-worth individuals moving to the UAE. The Dubai-based company has secured a plot of land in the emirate for one of the schools and is “in the process of acquiring another […]

Jumeirah will open Marsa Al Arab in Dubai this year, along with Jumeirah The Red Sea in Saudi Arabia

Jumeirah appoints acting CEO to lead expansion plans

Jumeirah Hotels Group, the owner of Dubai’s Burj Al Arab hotel, has appointed Thomas Meier as CEO to lead the luxury hotel chain in its global expansion push.  Swiss national Meier has been acting CEO for the past 10 months following the departure of Katerina Giannouka in late February last year.  Meier, who has been chief […]

In August last year, Majid Al Futtaim operated 467 Carrefour stores across 14 countries

Dubai’s Majid Al Futtaim closes Carrefour in Oman

Dubai-based retail conglomerate Majid Al Futtaim has launched its new grocery retail brand HyperMax in Oman, according to reports, after closing all of its Carrefour stores in the sultanate. It follows a similar move in Jordan in November where its Carrefour franchise brand ceased operations and 34 HyperMax locations were opened across the country. Carrefour […]

Following the Nordic acquisition, DEA's fleet is valued at around $22bn

DAE acquires Irish aircraft lessor Nordic Aviation

Dubai Aerospace Enterprise, the Middle East’s largest aviation services company, has acquired aircraft leasing company Nordic Aviation Capital. No details on the terms of the transaction were disclosed. DAE said Nordic Aviation’s fleet in September 2024 comprised 252 owned and committed assets on lease to approximately 60 airline customers in approximately 40 countries. Based in […]

The Al Mamzar Beach development project will include several night-swimming areas

Dubai’s $109m Al Mamzar Beach project to open in 2025

Dubai Municipality has awarded contracts for the AED400 million ($108.9 million) Al Mamzar Beach development project, set to open by the end of this year. The second phase focuses on upgrading the Al Mamzar Corniche beachfront and a focus on sustainable beach tourism, the UAE state-run Wam news agency reported. Spread across 125,000 sq m […]

The number of keys in Dubai stood at 153,390 in 828 hotels at the end of November 2024, compared to 149,685 in 820 hotels a year ago

Foreign tourists in Dubai hit 17m in 11 months of 2024

International tourist arrivals to Dubai rose by 9 percent to 16.8 million in the first 11 months of 2024, compared to 15.4 million during the same period in 2023, according to official data. Western Europe remained the top source region, accounting for 3.3 million visitors, or 20 percent of the total, the UAE state-run Wam […]