Revised lending norms, focus on sustainability and improved digital services and data availability help the emirate advance in JLL's Global Real Estate Transparency Index.

The purchase is part of Dubai-based firm's expansion plan.

Dubai will host the first edition of the World Corporate Summit which will discuss sports and multi-sectoral business growth as core pillars. WCS will be held from November 21 to December 16 and will be attended by decision-makers from multinational corporations, UAE-based firms and government institutions.

The sector recovered fast in the emirate after the easing of Covid-19 restrictions, registering a 203 percent increase in the number of visitors in the first four months of 2022.

Over 4,800 employee volunteers participated in Dubai Chamber of Commerce’s 'Give & Gain 2022' initiative. Volunteers dedicated 17,460 hours across projects benefitting over 147,000 individuals and the event is part of the Chamber’s ENGAGE Dubai corporate volunteering program.

Dubai real estate market recorded 454 sales transactions worth AED1.24 billion ($337 million), in addition to 96 mortgage deals .of AED259.02 million, and 22 gift deals amounting to AED150.27 million on Wednesday, data released by Dubai's Land Department (DLD) showed. The sales included 436 villas and apartments worth AED1.1 billion,...

Inflation is an opportunity for a company to review strategically the portfolio of plans it offers, says L'azurde CEO.

Chairman of Dubai Chambers met with heads and members of business groups to discuss new ways the Chamber can enhance its role in the emirate’s economy and strengthen public-private sector partnership.

The Sea Customs Centres Management, one of Dubai Customs’ departments, carried out 61,852 inspections and 120 seizures in the first quarter of 2022. In 2021, the Management carried out 150,541 inspections and 248 seizures. "We upgraded and developed our inspection systems in our customs centers to achieve the best results...

Artificial Intelligence market is growing in the Middle East by an estimated 20 percent to 34 percent annually, with GCC region taking the lead.

Tesla Model 3 has joined Dubai Taxi Corporation's fleet on trial basis, following the success of operating 172 Tesla vehicles in the limousine service since 2017. The trial operation aims to verify the efficiency of the vehicle when deployed on the taxi fleet in the emirate, Dubai’s Roads and Transport...

The Saudi and UAE stock markets ended the week lower as concerns about slowing global economic growth impacted investor sentiment. Saudi Arabia's market index TASI finished down 1.7 percent at 11,523 points. Abu Dhabi Securities Exchange ended with a loss of 0.3 percent, on Friday the index in Dubai, fell...

MEmob+ has invested substantially in blockchain technology to offer its clients the most advanced and effective advertising services.

Dubai's multicultural family shopping and entertainment hub provides a unique platform to SMEs to test creative and innovative business concepts, says Naveen Jain of Global Village.

Yiwu Market of Dubai, the first smart free zone market in the region, will open tomorrow, aiming to revolutionize the trading experience for both traders and consumers.

Several crypto platforms have recently launched dedicated NFT marketplaces. TRENDS tries to find out which business and economic sectors have been covered by NFTs in the UAE.

Muslims during Eid Al Adha traditionally buy a whole sheep to be slaughtered and distributed among friends, family, and the poor.

Created in 1900 by the brothers Andre and Edouard Michelin of the tyre company Michelin for motorists, the guide has become a reference for food lovers.

Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum said the Expo site will be transformed into Expo City Dubai, which will be home to a new museum, an exhibition center and free of single-use plastic.

Roads and Transport Authority’s revenues collected through digital platforms increased by 32 percent in 2021, said Mattar Mohammed Al Tayer, Director-General RTA. RTA’s total digital revenues amounted to AED3.5 billion ($952 million), compared to approximately AED2.65 billion in 2020. The number of digital transactions reached 676 million last year, a...

Dubai road toll operator Salik has been established as a Public Joint Stock Company according to a law issued by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum. According to an official statement, the company will have legal, financial and administrative autonomy to carry out its activities and achieve its...

The UAE's residential real estate market is poised to grow at a CAGR of 12.36 percent by 2026, Sharjah Sustainable City CEO Yousif Ahmed Al-Mutawa tells TRENDS

Dubai Multi Commodities Centre and Brooklyn Chamber of Commerce have signed an agreement to work together to promote trade and support the international expansion of American businesses through Dubai. DMCC will work with the Brooklyn Chamber to support New York-based businesses in setting up their operations in Dubai, utilizing the...

Dubai real estate market recorded 293 sales transactions worth AED 757.33 million ($206 million), including 73 mortgage deals of AED135.94 million, and 9 gift deals amounting to AED16.28 million Wednesday, data released by Dubai's Land Department (DLD) showed. The sales included 264 villas and apartments worth AED507.79 million, and 29...

Two Indian-born brothers who allegedly wove a web of corruption across South Africa have been arrested in Dubai and face extradition, in a landmark step in Pretoria's anti-graft fight. By one estimate, several billion dollars were lost to the South African economy as a result of their activities.

Emirates Development Bank (EDB) will participate in Bonds, Loans & Sukuk Middle East, the region’s largest gathering for the corporate and investment banking industry.

A day after the arrest of a British national in Dubai over a $1.7 billion dividend tax fraud case in Denmark, the UAE has said it will continue to pursue people involved in financial crime. Abdullah bin Sultan bin Awad Al Nuaimi, Minister of Justice said: "International crime requires an...

Saudi Arabia's benchmark index finished 1.3% lower, hurt by a 2.1% fall in oil giant Saudi Aramco and a 1.2% decline in country's biggest Islamic lender Al Rajhi Bank.

A 52-year-old Briton has been arrested in Dubai over a $1.7 billion dividend-tax fraud case in Denmark, the Gulf emirate's police said Friday. "Dubai police have arrested Sanjay Shah, a suspect in a 12 billion Danish krone ($1.7 billion) dividend-tax fraud case in Denmark," the police tweeted.

Many GCC airlines have teamed up to create an air bridge to fly the fans to watch World Cup games during November and December, Qatar Airways CEO Akbar Al Baker tells TRENDS.

Restrictions on single-use plastic bags took effect in the United Arab Emirates capital Abu Dhabi Wednesday, as part of its efforts for a "greener future". The "single-use plastic bags ban starts today... to encourage sustainable living in Abu Dhabi", the emirate's media office said. "Retailers in the emirate are encouraged...

The Dubai Building Permit Development Committee has completed the unified electronic platform for building permits, which includes building permit services of all licensing authorities in Dubai. The platform is set to provide distinguished services to consultancy offices and contracting companies, an official statement said. The statement said that the committee,...

Dubai ranked first in the Middle East and North Africa (MENA) region and second in the world in attracting foreign direct investment (FDI) in cultural and creative industries (CCI) in 2021. Dubai attracted 233 new projects in the creative economy in 2021. Surpassing other major cities such as New York, Singapore...

A Dubai Government delegation that visited Dubai Customs was briefed about the department’s experience in budgeting, internal control, and best practices in future foresight and government innovation. Through these visits, Dubai Customs supports its strategic relationships with its partners and builds effective, value-added relationships that contribute to enhancing the corporate...

Even as SMEs in GCC seek to do more to end gender disparity , UAE proactively leads the region in pursuing the diversity agenda, says Marketa Simkova, Partner at KPMG Lower Gulf.

Dubai has recorded 2,884 real estate and properties transactions at the value of AED8.7 billion ($2.36 billion) in total during the week ending 27 May 2022, according to Dubai Land Department (DLD). The DLD weekly report said that 297 plots were sold for AED1.59 billion, as well as 2,116 apartments...

Dubai real estate market recorded 445 sales transactions worth AED 1.06 billion and 76 mortgage deals of AED 1.09 billion ($296 million), in addition to 10 gift deals amounting to AED 23.91 million Wednesday, data released by Dubai's Land Department (DLD) showed. The sales included 411 villas and apartments worth...

Entrepreneurs, lawyers and art dealers are among those flocking to the financial hub in the oil-rich United Arab Emirates, which had refused to join a UN Security Council vote condemning Russia's war.

A United Arab Emirates company signed a contract with the Taliban authorities Tuesday to provide ground handling services at Afghanistan's three airports, officials said, as the country seeks to resume international transit. Capital Kabul's only airport was trashed in August when tens of thousands of people rushed to evacuate as...

Dubai real estate market recorded 552 sales transactions worth AED 1.42 billion ($386 million) and 78 mortgage deals of AED 210.62 million, in addition to 20 gift deals amounting to AED 120.57 million Monday, data released by Dubai's Land Department (DLD) showed. The sales included 427 villas and apartments worth...

Saudi Arabia's main airline will next month start operating weekly international flights from the kingdom's planned futuristic megacity known as NEOM, with Dubai as the first destination, state media reported Monday. The weekly NEOM-Dubai flights operated by flag carrier Saudia will begin "by the end of June 2022, with plans...

Dubai Electricity and Water Authority’s (DEWA)’s Research & Development Centre has registered a new patent for an Unmanned Aerial Vehicles (UAV) charging system that enables continuous charging for UAVs, providing longer flying hours with a large storage capacity. This is in addition to improving the efficiency of charging and facilitating...

The market performed well in 2021, with average home prices and rents increasing by 9.3 percent and 8.3 percent, respectively. Last year's price growth was also the highest since January 2015.

Dubai is among cities that woo huge FDIs and lead in technology transfer in startups, AI and robotics sectors. TRENDS analyzes how it has become Monaco of the region.

The government initiatives make the emirate a safe refuge for both inhabitants and tourists which has fuelled consumer activity. Expat-friendly laws have brighten up the prospects for growth in luxury retail sector.

A total of 2,043 real estate transactions worth AED 7.2 billion ($1.96 billion) were conducted during the week ending 20 May 2022, Dubai Land Department said. A total of 228 plots were sold for AED1.14 billion, while 1,328 apartments and villas were sold for AED3.58 billion. The top three transactions...

Dhows coming from outside the country have been given direct access to local markets, including through Deira Wharfage and Al Hamriyah Port.

In the face of security threats, airport authorities are enhancing technology-based end-to-end solutions in order to detect and mitigate security challenges.

Raford contended that people should invest in video games, as it is the only successful digital economy so far.

A total of 32,564 Instant Licenses have been issued by the Business Registration and Licensing (BRL) unit at the Department of Economy and Tourism (DET) in Dubai since the launch of the initiative in August 2017. While 59 percent of these licenses were professional, 41 percent were commercial. Instant licenses...