Dubai, UAE -- Dubai’s real estate market recorded 4,049 new activities in the first half of this year, reflecting the emirate’s growing appeal as a leading investment destination. This growth has been enabled by an advanced regulatory framework that promotes the smooth conduct of real estate activities and strengthens market...
Dubai gears up for World Green Economy Summit in October
It will be held on October 6 and 7 this year at the Expo 2020 Dubai This WGES is expected to have a broader scale as it is being held in conjunction with the expo Dubai is gearing up for the seventh edition of the World Green Economy Summit,...
Al Dahra BayWa opens warehouse in Dubai
Al Dahra BayWa is a pioneer of innovative farming in the UAE The new facility in Dubai will enhance the firm’s logistics Al Dahra BayWa, a leading sustainable agribusiness company in the UAE, has announced the opening of its facility in Dubai as part of its plan to expand its...
Passengers are back on flights as Dubai International Airport is named busiest in May
The airport kicked out London Heathrow from the top spot
Occupancy rate of next-gen hospitality firm Sonder 70 percent during pandemic
Duration of stay at Sonder properties grows from an average of 4 days to 10. The firm has 160 spaces in Dubai and demand for its tech-enabled offerings had risen Sonder, a leading next-generation hospitality company with more than 160 spaces in Dubai has seen strong demand for its tech-enabled...
Delivery of 500 condos built by Azizi Developments will be made next month
The residential units comprise 334 studios, 48 one- and 94 two-bedroom apartments, and 10 spacious, luxurious sky villas The condominiums are part of a big project in Al Furjan in Dubai To cope up with the growing demand for condominiums in the heart of Dubai, Azizi Developments, one of the...
Automotive industry on path to recovery: Experts
Digitally-enabled experiences and services to evolve customer expectations Full recovery of the industry expected by 2025 as post-pandemic confidence grows across MENA While experts in the automotive market believe a full recovery could take up to four years, many market analysts and industry leaders have already seen green shoots, spurred...Draft budget for 2022-2026 reviewed
The meeting explored the projections of federal cash flows for 2022 The fiscal policies governing financing of capital projects also discussed The General Budget Committee chaired by Deputy Prime Minister and Minister of Presidential Affairs Sheikh Mansour bin Zayed Al Nahyan discussed the draft federal budget for 2022-2026...
Dubai foresees 49% recovery in air travel in 2nd half
Only 1.8 billion travelers took to the skies in 2020, as against 4.5 billion in 2019 Pandemic caused 50% drop in domestic air traffic globally in 2020 Signs are pointing to significant recovery and travel demand in the second half of 2021 and a sustainable recovery in air...
Dubai records AED92 billion worth of realty transactions
Hadaeq Sheikh Mohammed Bin Rashid tops the list in villa sales Dubai Marina, Burj Khalifa among toppers in apartment sales Dubai has registered 25,455 real estate transactions worth AED92 billion from January - April 2021, thus achieving an increase of 51 percent in terms of the number of transactions and...
A floating house launched in UAE sells for Dh 20 million
Neptune billed as the first environment-friendly floating house in the world Floating units can safely move from one place to another Seagate Shipyard, the ship and vessel manufacturing firm in UAE, unveiled first units of its floating sea resort Neptune, becoming the first environment-friendly floating house in the world. The...Optimism in the air as Airport Show begins in Dubai
3-day exhibition attended by 95 exhibitors from 21 countries 50 percent improvement in the global passenger Kms likely by mid-2021 Three-day Airport Show, the world’s largest B2B airport industry exhibition, begins in Dubai on May 24 generating an overwhelming response in its new physical and digital format. The show was...
Abu Dhabi, Dubai villa market rental rates stay strong in Q1
The Abu Dhabi residential market delivered 1,700 apartments, 50 villas during the quarter Grade A and B office buildings in Abu Dhabi experience demand from Chinese, Israeli companies The villa market rental rates in Abu Dhabi and Dubai were strong in the first quarter (Q1 2021) despite the ongoing economic...Airport Show-2021 begins amid signs of industry’s global recovery
Against 4.5 billion travellers in 2019, only 1.8 billion passengers took to the skies in 2020 The pandemic led to a 50% drop in domestic passenger traffic globally and 74% in international traffic The world’s largest annual airport industry B2B platform, Airport Show, opens at the Dubai World Trade Centre...
SMEs in Dubai will be encouraged to bid for govt tenders
*Dubai finance ministry and Dubai SME sign MoU * SME owners will be encouraged to register in the ministry's Federal Supplier Register Dubai’s Ministry of Finance recently signed a Memorandum of Understanding with Dubai SME to support the business sector and advance comprehensive and sustainable development in the country. Under...
Global trade stakeholders to virtually attend customs conference in Dubai
Dubai Customs is hosting the 5th WCO Global Authorized Economic Operator Conference virtually from May 25 The three-day conference is expected to see stakeholders of global trade in attendance as experts and dignitaries address them Stakeholders of global trade are expected to converge in the virtual world on May 25...
DP World names new CEO for UAE Region, Jafza
Abdulla Bin Damithan has been appointed as the new CEO for the UAE region and Jafza of Dubai-based supply-chain logistics provider DP World He is taking over from Mohammed Al Muallem, who has been promoted to executive vice-president of the company Abdulla Bin Damithan has been appointed the new CEO...
More than AED 4 billion worth of real estate and properties sold in Dubai in week
Around 1,500 real estate transactions made in during one week 120 plots of land, and more than a thousand apartments and villas figure in the sale According to Dubai Land Department (DLD) more than AED 4 billion worth of real estate and properties were sold during the last week ending...
Dubai hosts MENA’s first Green Hydrogen project
It is an important milestone of the energy transformation, says Siemens official The project is a collaboration between Siemens, Dubai Electricity and Water Authority and Expo 2020 Dubai The Middle East and North Africa region saw its first green-hydrogen project unveiled in Dubai on Thursday, May 20. The project, implemented...Dubai to steer video gaming industry in region
With booming young population hooked to internet and ground-breaking breakthroughs in the areas of Artificial Intelligence and Virtual reality, video gaming industry is certainly expected to come on its own in the Middle east region. Pegged at reaching more than $4 billion by 2022, Middle East and North Africa (MENA)...“Arab Women Forum” to make a stylish debut in Saudi Arabia
For the first time ever, the Kingdom of Saudi Arabia will host the “Arab Women Forum” as part of the fourth edition of the “Top CEO Conference and Awards,” which is set to return to the country for the second time on 10th and 11th April at King Abdullah Economic...Smart Dubai implementing a digital backbone platform for the whole city
While speaking exclusively with TRENDS at World Economic Forum in Davos, Dr Aisha Bin Bishr, Director General, Smart Dubai Office, says her organization aims to build the happiest city in the world by implementing advanced technologies. What is Smart Dubai all about? We want Dubai to be the happiest city in...
