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...
The electric vehicle (EV) market in the Middle East was valued at approximately USD 2.8 billion in 2024 and is projected to reach USD 10.9 billion by 2032. This significant growth underscores the strong potential for EVs in the region, propelled by proactive government policies and a growing awareness of environmental issues. In the UAE,...
The Dubai Land Department (DLD) has signed 11 agreements with various local and international entities during the International Property Show (IPS) 2025. These agreements are aimed at enhancing the real estate sector in Dubai and improving service delivery in the market. Majid Al Marri, CEO of the Real Estate Registration Sector at Dubai Land Department,...
The e-commerce sector in the UAE has experienced substantial growth, particularly in the fast-moving consumer goods (FMCG) market, which surged by 29 percent last year, according to research from NielsenIQ. This growth reflects a broader trend of consumption-led expansion within the UAE, contrasting with Saudi Arabia’s flat performance attributed to a high base from the...
Thuraya Mobile Satellite Communications Company, part of Abu Dhabi’s Space42, is venturing into the smartphone sector with its new Thuraya One Android 14 device. The company aims to tap into a global market for satellite-capable smartphones that could reach a value of $15 billion by 2033. Thuraya, which has operated in the satellite sector since...
The e-commerce market in the United Arab Emirates (UAE) is projected to experience significant growth, with estimates indicating it will surpass AED 48.8 billion by 2028. This growth is attributed to the increasing demand for online shopping and rapid advancements in the digital economy. In 2022, the Dubai Chamber of Commerce had predicted that the...