News

UAE Presses Ahead With Landmark Megaprojects Despite Regional Tensions

The UAE continues investing in transport, tourism and cultural megaprojects despite regional tensions, reinforcing its long-term economic growth strategy and global ambitions.

DAMAC Unveils Final Tower of Chelsea Residences by DAMAC as Demand Stays Strong

DAMAC has unveiled the final tower of Chelsea Residences in Dubai, offering sea-view homes, football-inspired amenities and luxury branded waterfront living.

Buyer Confidence Holds Steady as Dubai Property Market Finds Stability

Property Finder reports stable buyer demand in Dubai as expectations for property price declines weaken and market conditions show increasing signs of stability.

UAE Launches New Port Project to Reduce Reliance on Strait of Hormuz

The UAE is developing a new port in Fujairah to reduce reliance on the Strait of Hormuz, strengthen supply chains, and enhance regional logistics resilience.

Dubai Residential Property Prices Record First Decline Since 2020

Dubai home prices posted their first significant decline since 2020 as demand softened, transaction volumes fell, and the market entered a new correction phase.

€1.4bn Albanian Resort Project Faces Growing Opposition

A €1.4bn Albanian resort backed by Affinity Partners faces environmental protests, regulatory scrutiny, and investment risks despite government support.

UAE Prepares to Launch Its First Inter-Emirate Passenger Railway

The UAE will launch its first passenger railway linking Abu Dhabi, Dubai, and Fujairah, improving connectivity, mobility, and long-term real estate investment opportunities.

UAE Launches Construction of a New Port to Bypass the Strait of Hormuz

The UAE is building a new port in Fujairah to bypass the Strait of Hormuz, strengthen supply chains, and improve regional logistics amid rising geopolitical tensions.

British Buyers Lead Dubai’s International Property Market in 2026

British investors became Dubai's largest foreign property buyers in 2026, driven by strong rental demand, tax advantages, and long-term investment opportunities.

Sharjah Introduces the “Stability Fund” with 5 Million Dirhams to Support Startups

Under the guidance of Sheikha Bodour bint Sultan Al Qasimi, the Chairperson of the Sharjah Entrepreneurship Center (Shorak), a new initiative called the "Stability Fund for Entrepreneurs" was launched yesterday, aimed at providing prompt financial and operational support to...

Salama Completes Capital Restructuring and Recovers Strength of Its Financial Position

The Arab Islamic Insurance Company, known as "Salama," has successfully completed its capital restructuring program, marking a significant milestone in its multi-year transformation journey. This achievement sets the stage for a new phase of financial recovery and strengthens the...

Dubai Records Weekly Real Estate Transactions of 15.2 Billion Dirhams Amidst Ongoing Market Momentum

The total value of real estate transactions in Dubai reached 15.2 billion AED last week, according to the statistics from the Dubai Land Department. This figure demonstrates the ongoing strong activity and rising momentum in the real estate market. The...

UAE Attracts the World: 30% Surge in Visa Applications During April

The tourism sector in the UAE is experiencing rapid growth, highlighted by a 30% increase in visa applications during April. This surge indicates a revival in global travel and a renewed confidence among international travelers in the UAE as...

UAE Establishes Itself as the Global Capital of Entrepreneurs

The United Arab Emirates has maintained its global leadership in the entrepreneurial environment, securing the top position worldwide for the fifth consecutive year in the Global Entrepreneurship Monitor (GEM) report for 2025/2026. This achievement surpasses numerous developed economies and...

Dubai Showcases a Comprehensive Model of Efficiency in Transportation and Logistics Services to the World

Members of the Delivery Business Group, operating under the Dubai Chamber of Commerce, have affirmed that the ongoing development and resilience of logistics services and last-mile delivery operations in Dubai showcase the emirate's operational flexibility and competitive advantages.They highlighted...

Sultan Al Jaber: UAE Industry Enters a New Global Phase Fueled by Innovation and Artificial Intelligence

Dr. Sultan bin Ahmed Al Jaber, the Minister of Industry and Advanced Technology, as well as the Managing Director and CEO of ADNOC and its group of companies, emphasized that visionary leadership not only outlines the future but actively...

DXB Live Plans to Host 442 Events with 33% Growth in 2025

DXB Live, the organization and event management arm of Dubai World Trade Centre, experienced a 33% growth in its business volume during 2025, successfully organizing and managing a total of 442 events. These events included 84 exhibitions, 16 conferences,...

Dubai Islands Accelerate Development Pace with 527 Million Dirhams Allocated for “Island B” Preparation

Five Connected Islands to Accommodate 231,000 Residents in 49,000 Units“Nakheel,” a subsidiary of “Dubai Holding,” has awarded a contract worth 527 million dirhams to “Al Nasr Contracting” for the development of infrastructure and essential facilities on Island "B" in...

Dubai Multi Commodities Centre Launches Cocoa Hub

The Dubai Multi Commodities Centre (DMCC) has unveiled the launch of a Cocoa Centre, a new trading platform dedicated to the cocoa industry, reinforcing Dubai's position as a global hub for agricultural commodities.This initiative is part of DMCC's comprehensive...

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