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Emaar Development's new Dubai plot is in Ras Al Khor, where other developers have launched projects

Emaar Development buys new land in Dubai for $790m

Emaar Development, the UAE development arm of Emaar Properties, has acquired a new land plot in Dubai for the potential expansion of its master communities. The land, the size of which was not disclosed, was acquired for AED2.9 billion ($790 million) from Amlak Property Investment in Ras Al Khor, the developer said in a statement. The […]

Dubai Marina skyline. A massive pipeline of over 250,000 new units is set to hit the market by 2026, prompting experts to predict a potential price adjustment and a cooling period

Dubai property optimism remains despite price correction warnings

Real estate professionals in Dubai are maintaining a cautiously optimistic outlook on the market, even as fresh warnings of a potential double-digit correction cast a shadow over the city’s record-breaking property surge. Ratings agency Fitch forecast this week that Dubai’s residential property market is likely to cool through the second half of 2025 and into […]

Dubai City residential houses. With tokenised assets projected to represent up to 7% of its real estate market by 2033, Dubai is pioneering the digital transformation of property ownership

Dubai issues Middle East’s first tokenised property certificate

Dubai has issued its first tokenised property certificate, moving tokenisation of real estate from the realm of theory to practice. Tokenisation is the process of creating and trading digital tokens that are backed by real-world assets on a blockchain. It enables direct and verifiable peer-to-peer transactions. The certificate’s launch follows the successful sale of the […]

Dubai-based Shuaa has fiiled a lawsuit against former executives

Shuaa Capital sues former executives for $70m over losses

Investment bank and asset manager Shuaa Capital has filed a lawsuit against former executive managers, seeking approximately $71 million (AED 260 million) in compensation for alleged misconduct that the company claims contributed to its financial losses. The legal action, disclosed in a filing to the Dubai Financial Market, is part of Dubai-based Shuaa’s broader efforts […]

An Airbus 320, one of the range of aircraft in Dubai Aerospace's fleet

Dubai Aerospace to sell 75 aircraft to realign portfolio

Dubai Aerospace Enterprise (DAE), the Middle East’s largest aviation leasing and engineering company, has agreed to sell 75 aircraft to two unnamed buyers as part of its plan to realign its fleet. A portfolio of 50 Embraer E-Jets will be sold to a specialist lessor, DAE said in a statement on Wednesday. Another 25 out-of-production […]

Villas on Palm Jumeirah. Dubai Residential REIT shares rose 15% during the first day of trading

Dubai Residential REIT takes off on bourse debut

Dubai Residential REIT surged on its bourse debut on Wednesday as investors who missed out on its $584 million initial public offering (IPO) bought the stock.  The success is being seen as an indication of enduring confidence in the emirate’s buoyant property sector. A real estate investment trust (REIT) owns or finances income-generating property, enabling […]

Despite relatively high application volumes, hoteliers say finding the right talent is difficult UAE hotel staff

UAE hotels hit by talent crunch as growth outpaces staffing

UAE hoteliers are warning of an intensifying shortage of qualified staff as the country’s tourism sector expands. About 809,000 people were employed in hospitality and tourism in the Emirates in 2023 – more than 12 percent of the workforce, according to the latest government data.  But relatively high staff turnover and limited investment in training […]

Etihad Rail, UAE commute, Etihad Rail company fortunes

Etihad Rail’s super-fast service tracked by investors

The UAE’s Etihad Rail is due to start passenger services next year, promising to slash travel time between Dubai and Abu Dhabi by as much as 40 percent. Not only could this reshape the daily commute but it could also shift the investment outlook for a clutch of transport-focused companies listed on local bourses. With […]

Sheikh Hamdan, the crown prince of Dubai, third from right, at the Mahdah-Opaz signing ceremony in Muscat

DP World unit signs 50-year deal to develop UAE-Oman free zone

A DP World unit has signed a 50-year deal to develop an economic free zone between the UAE and Oman. Mahdah Development Company, a UAE-Omani joint venture led by DP World, is working with Oman’s Public Authority for Special Economic Zones and Free Zones (Opaz) to develop the first phase of the Al Rawdah zone. […]

The rollout of Pony.ai robotaxis will be in multiple phases across Dubai, with fully driverless operations starting in 2026

Neom-backed Pony.ai to launch robotaxis in Dubai

Pony.ai, a Chinese autonomous driving company, will begin trials of its advanced robotaxi fleet in Dubai this year, the company said in a statement. The US Nasdaq stock exchange-listed company, which is backed by an investment arm of Saudi giga-project Neom, has signed a memorandum of understanding with Dubai’s Roads and Transport Authority (RTA) to introduce autonomous transport. […]

With new rules from VARA, the UAE is aligning with global crypto standards and building its future as a global crypto hub

Tighter Dubai rules tipped to drive crypto market expansion

Fresh digital asset regulations in the UAE may encourage further tokenisation and the rollout of more complex cryptocurrency products, analysts have said. Tokenisation is the creation and trade of digital tokens that are backed by real-world assets – such as real estate, gold or art — on a blockchain. It enables direct and verifiable peer-to-peer […]

Sachin Dev Duggal, the founder of Builder.ai, which had an office in Dubai and hundreds of employees around the world

Qatar-backed Builder.ai collapses with sales in doubt

A British technology startup funded by the Qatar Investment Authority (QIA) has collapsed after an internal investigation identified potentially bogus sales. In 2023 the QIA sovereign wealth fund led a $250 million late-stage funding round for Builder.ai and, together with Microsoft, was one of its biggest investors.  The company raised more than $450 million over its […]

Runaway success: Dubai Financial Market is outpacing its regional rivals

At 17-year highs, Dubai stocks outshine Gulf rivals

Dubai’s stock index hit fresh 17-year highs this week, as first-quarter earnings rose and a buoyant non-oil economy convinced investors to favour UAE stocks over the much larger Saudi market.  Gulf markets, like bourses worldwide, tumbled in early April after President Donald Trump imposed sweeping tariffs on imports to the US. In contrast to the […]

A volunteer uses a kayak during a rescue operation through a road flooded due to heavy rains in Dubai, United Arab Emirates, April 18, 2024. REUTERS/Abdel Hadi Ramahi

‘Protection gap’ is growing in the Gulf as insurance costs rise

It is perhaps no surprise that, after the heaviest rains 13 months ago since records began and billions of dollars in flood damage, the cost of insuring homes in Dubai and Abu Dhabi has jumped. But it is the so-called protection gap in the Gulf insurance market, which the average 10 to 15 percent rise […]

Owned by ICD, ground services provider Dnata is part of Emirates Group and operates in 90 airports in 16 countries

Owner of Emirates Airline reports climb in profit

The Investment Corporation of Dubai (ICD) said profit and the value of its assets rose last year, buoyed by performance in its aviation, real estate and banking portfolio. Net income climbed 6 percent to AED53.2 billion ($14.5 billion) and the value of its assets more than 10 percent to AED1.47 trillion, the sovereign wealth fund […]

Water, Waterfront, City

Dubai Holding’s REIT order book tops $15bn

The order book for Dubai Holding’s first residential real estate investment trust (REIT) hit AED56 billion ($15 billion), with the initial public offering more than 26 times oversubscribed.  The final offer price was set at the top end of the price range at AED1.10 per unit, enabling the company to raise just over AED2 billion.  The […]