Dubai's Roads and Transport Authority (RTA) has announced a major upgrade to Umm Suqeim Street, aiming to reduce travel time between Jumeirah Street and Al Khail Road from 20 minutes to just six. The project will increase the road's capacity to 16,000 vehicles per hour and includes the construction of four bridges and three tunnels spanning a total of 4,100 meters. This development is part of a broader...
Dubai’s Roads and Transport Authority (RTA) has unveiled new entry and exit points connecting Sheikh Mohammed Bin Zayed Road (E311) to Al Warqa, slashing travel time from 20 minutes to just 3.5 minutes. This infrastructure upgrade is set to enhance road capacity by 5,000 vehicles per hour, significantly easing traffic congestion in the area. The project also shortens key trip distances from 5.7 km to...
Dubai’s real estate sector is witnessing a surge in new brokerage businesses, thanks to the 100% foreign ownership rule. This progressive regulation allows international investors to fully own and operate real estate brokerages, fueling competition and innovation in the market. As Dubai strengthens its position as a global property hub, the influx of foreign-owned brokerages is enhancing service...
Dubai Municipality and Dubai South have signed a strategic partnership agreement worth AED 150 million to develop an advanced stormwater drainage system in Dubai South’s residential district. This initiative is part of the broader AED 30 billion Tasreef project, aimed at enhancing Dubai's stormwater infrastructure. The project includes constructing a new secondary stormwater tunnel connecting Dubai...
The Roads and Transport Authority (RTA) has completed the first phase of upgrades at five key marine transport stations in Dubai Marina, enhancing the city's commitment to modern, efficient, and culturally inspired public transit. The revamped stations—Marina Promenade, Marina Terrace, Marina Walk, Marina Mall, and Marina Mall 1—now feature full air-conditioning and state-of-the-art facilities designed...
Ras Al Khaimah's economy is projected to grow by 3.3% in 2025–2026, according to S&P Global Ratings. The agency affirmed the emirate's sovereign credit rating at A/Stable/A-1, citing its diversified non-oil economy and ongoing infrastructure projects as key factors supporting this growth . Sectors such as wholesale and retail trade, along with manufacturing—which together contribute around 45% to...
Real estate transactions across five key emirates in the UAE—Dubai, Abu Dhabi, Sharjah, Ajman, and Ras Al Khaimah—reached an impressive $65 billion in the first quarter of 2025, highlighting the country's robust property market. Dubai led the surge with over AED 100 billion in sales by early March, marking the fastest pace to reach this milestone in recent years. This growth is attributed to strong...
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...
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...