Economy and Business
Mondrian Al Marjan Beach Residences sells more than 200 units in two hours
Thursday, December 11, 2025Elevate, the visionary lifestyle real estate brand, has officially shattered market records in Ras Al Khaimah. Following a spectacular launch event at Atlantis The Royal on 26th November, the Mondrian Al Marjan Island Beach Residences became the emirate’s fastest-selling project, recording AED 704 million in sales within just two hours. The overwhelming response saw more… Untitled
UAE announces new VAT rules from January 2026 to simplifies procedures
Wednesday, December 3, 2025The Ministry of Finance has announced the issuance of Federal Decree-Law No. (16) of 2025 amending certain provisions of Federal Decree-Law No. (8) of 2017 on Value Added Tax, which will enter into force as of January 1, 2026. The move comes as part of the UAE’s ongoing efforts to develop its tax system and… Untitled
Saleh Al Aroud: “Trust is the main asset for business in the UAE”
Sunday, November 30, 2025Saleh Al Aroud is the head of Al Aroud Group and one of the key figures shaping the modern landscape of Russian–Emirati economic relations. As Chairman of the Russian Business Council, he brings together government representatives, diplomats, and owners of leading Russian and Emirati companies, strengthening ties between the two countries. His strategic vision, ability… Untitled
Sunteck Realty brings its disruptive luxury philosophy to the UAE
Wednesday, November 26, 2025Sunteck Realty Ltd., one of India’s most distinguished and disruptive luxury real estate developers, publicly listed (BSE/NSE), today announced its entry into the UAE with the launch of Sunteck International, headquartered in Dubai. Marking a bold shift in how ultra-luxury real estate is introduced in the region, the Group unveiled the prime location for its… Untitled
UAE Central Bank scraps minimum salary requirement for loans
Wednesday, November 19, 2025Residents, including low-income workers, can now open bank accounts and access a wider range of services The Central Bank of the UAE (CBUAE) has directed banks to abolish the long-standing minimum salary requirement for obtaining personal loans — a threshold that had typically been set at Dh5,000 across most institutions for many years. Under the… Untitled
Payments in Digital Dirhams as new UAE law puts e-currency on par with cash
Thursday, November 13, 2025A new UAE law formally places the Digital Dirham on the same legal footing as physical cash, confirming it as “legal tender for payment of any amount”. Federal Decree Law No. (6) of 2025 defines the Dirham as being represented by “notes, coins and digital forms”, giving the Central Bank of the UAE (CBUAE) a… Untitled
Abu Dhabi National Hotels launches Nasim Al Bahr Residences on Al Marjan Island
Thursday, November 13, 2025Abu Dhabi National Hotels (ADNH), one of the UAE’s most trusted hospitality investment and management companies, has announced the launch of The Residences at Nasim Al Bahr, a Luxury Collection Resort & Spa, Al Marjan Island, marking the group’s debut in Ras Al Khaimah’s thriving luxury real estate sector. With a total development value of… Untitled
Dubai’s economy surges 4.7 percent to reach Dhs122 billion in Q2 2025
Monday, November 10, 2025Dubai’s economy continued to maintain its strong upward momentum in the first half of 2025, surpassing projections and consolidating its position as a one of the world’s most vibrant and competitive urban economies. The emirate’s GDP grew 4.4% to reach AED 241 billion in the first half of the year. In the second quarter alone,… Untitled
Emaar Development reports strong performance in Q3 2025
Friday, November 7, 2025Emaar Development, the UAE’s leading build-to-sell property developer has delivered a strong performance in the third quarter of 2025 (July to September), underlining the company’s competitive edge and stability. Key Highlights of the Results: Sales Growth: Emaar Development achieved property sales of AED 52.9 billion (US$ 14.4 billion) in first nine months of 2025, up… Untitled
Hilton Residences JLT unveiled: A new icon of luxury living in Dubai
Thursday, November 6, 2025Emirates Developments, in partnership with Hilton, proudly announces the official launch of Hilton Residences, Jumeirah Lakes Towers (JLT) – a landmark 38-floor residential tower redefining branded luxury living in Dubai. The project was officially launched last Thursday at an exclusive gala in Dubai, attended by distinguished investors, visionary industry leaders, prominent media figures, and an… Untitled
