The Federal Tax Authority (FTA) held an informative workshop in Dubai today focused on the ‘Rules for Determining Income Subject to Corporate Tax.’ This event is part of the FTA’s ongoing campaign aimed at raising awareness of corporate tax among various business sectors and taxpayers. The FTA’s initiative aims to educate eligible taxpayers about their...
The Sharjah master-developer Arada has announced its first hotel and residential development in Dubai, named ‘Akala.’ The term ‘Akala’ comes from the ancient Indian language of Sanskrit and means ‘beyond time.’ This project is strategically located between the Dubai International Financial Centre (DIFC) and Downtown Dubai. The development will consist of twin towers, each standing...
Binghatti Holding, a prominent real estate developer based in Dubai, has announced the acquisition of a freehold land plot that boasts over 8 million square feet of gross floor area. This land will be used to develop the company’s first large-scale master-planned residential community, as stated by the company on Wednesday. The anticipated value of...
Dubai Chambers has organized the Dubai-Madagascar Business Forum, welcoming a delegation of 60 companies from Madagascar to discuss investment opportunities and potential business partnerships. The forum took place at the Dubai Chambers headquarters and emphasized the importance of enhancing economic ties between Dubai and Madagascar. Attending the event was Andry Rajoelina, the President of the...
The Roads and Transport Authority (RTA) of Dubai has announced a significant partnership with the American firm Pony.ai to introduce a fleet of robotaxis to the emirate. This initiative marks a pivotal step in enhancing Dubai’s transport options, as the RTA prepares to launch supervised trials of Pony.ai’s self-driving taxis in the latter half of...
Emirates has launched its new A350 aircraft on the Dubai–Amman route, marking a significant change in air travel for passengers. This new service is expected to improve the in-flight experience and provide greater flexibility for travelers. Aviation experts noted that this initiative is part of a larger strategy to strengthen air travel networks in the...
The world’s largest visa application centre has officially opened in Dubai’s Wafi City, significantly improving access for travel to and from the emirate. This announcement was made on Tuesday, highlighting the centre’s capacity to handle up to 10 000 visa applications each day, which is the highest capacity of any such facility worldwide. Spanning approximately...
Abu Dhabi alternative investment manager Lunate is establishing a $1 billion joint venture with Brookfield focused on residential real estate in the Middle East. This announcement was made in a statement on Tuesday, outlining the venture’s aim to develop high-quality build-to-sell and opportunistic buy-to-sell residential assets across the UAE, Saudi Arabia, and other regional markets....
Hamdan bin Mohammed, the Crown Prince of Dubai, has directed the establishment of the “Dubai PropTech Hub.” This initiative aims to enhance Dubai’s status as a global leader in real estate innovation. The Hub is designed to significantly increase the size of the PropTech market in the region. The initiative’s goal is to more than...
Land saturation in Dubai is prompting developers to focus on peripheral areas for new property projects. According to a report by Savills, the trend involves the introduction of smaller villas and townhouses. This shift aims to better meet end-user demand while addressing affordability constraints in the competitive real estate market. The report highlights that the...