Faraday Future, the California-based electric vehicle innovator, is making a significant leap into the Middle East by establishing its first regional hub in Ras Al Khaimah (RAK), UAE. With a substantial AED 30 million investment, the company is setting up a 108,000-square-foot facility in the Al Hamra area within the Ras Al Khaimah Economic Zone (RAKEZ). This state-of-the-art center will encompass office...
A Flight to Future - Destination Dubai: Imagine an airport where there are no long queues, no loud boarding calls, no hassle in collecting your baggage, no crowds and no delays in simple processes; you only experience seamless, tech-powered journeys. You might think that it is some future plan that will come into practice after a decade or two but it is happening right now in the city of wonders, Dubai,...
Ras Al Khaimah (RAK) is emerging as a prime destination for property buyers in the UAE, with mortgage activity surging over 22,000% from Dh15.8 million in 2017 to Dh3.47 billion by mid-2024. This growth reflects a shift from speculative investments to long-term homeownership, attracting professionals, families, and retirees seeking affordable, sustainable living. RAK offers a compelling...
As European countries like Spain and Greece impose stricter regulations on short-term rentals, investors are increasingly turning to Dubai's robust and well-regulated short-stay market. With approximately 30,000 to 40,000 active listings, Dubai offers a transparent and investor-friendly environment, bolstered by clear rules from the Dubai Department of Economy and Tourism. This regulatory clarity, combined...
Dubai Land Department (DLD) has launched the MENA region's first tokenized real estate investment platform, Prypco Mint, enabling UAE residents to invest in fractional shares of ready-to-own properties starting from AED 2,000. This initiative, developed in collaboration with Prypco, VARA, the UAE Central Bank, and the Dubai Future Foundation, aims to democratize property investment while ensuring...
Dubai has unveiled its first freehold residential and commercial project on Sheikh Zayed Road with the launch of AA Tower. This 60-story skyscraper will offer 369 residential units, including one-, two-, and three-bedroom apartments, along with 26 office spaces and 5 retail outlets. Prices for apartments range from Dh2.932 million to Dh5.4 million, with a payment plan starting at a 28% down payment...
The UAE property market saw a strong start to 2025, recording Dh239 billion in real estate transactions across five emirates. Dubai led the charge with Dh193 billion in deals, while Abu Dhabi, Sharjah, Ajman, and Ras Al Khaimah also posted impressive figures, showing growing investor interest beyond the usual hotspots. Experts credit the surge to investor-friendly reforms, infrastructure growth, and...
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