Dubai’s Astra Tech is set to revolutionize the payment landscape with the introduction of its groundbreaking biometric payment system, Palm Pay. This innovative technology, based on palm recognition, is touted to be 1,300 times more secure than traditional face scanning, offering residents of the UAE a new, effortless way to pay for their purchases by simply showing the palm of their hand. Astra Tech...
Emaar Properties, Dubai's leading master developer, has announced its latest ambitious project, The Heights Country Club & Wellness, valued at AED 55 billion ($15 billion). Grand Reveal and Vision Alignment The significant development was unveiled during a grand event at the Armani Dubai Hotel ballroom on May 20. This project is meticulously crafted to promote an environment of health and well-being,...
Dubai: A Pioneer in Smart City Innovation. Nestled in the heart of the United Arab Emirates, Dubai stands as a beacon of ambition and relentless pursuit of excellence. Over the years, Dubai has spearheaded the evolution of smart city technology, reshaping urban life and establishing new standards of efficiency, connectivity, and sustainability. Transformative Infrastructure Investments Dubai’s...
Dubai's Real Estate Innovation: A Bold Step Towards Economic Transformation.In line with Dubai’s ambitious Economic Agenda D33, aimed at positioning the city as a global innovation hub, the Dubai Land Department (DLD) has introduced the Real Estate Evolution Space Initiative (REES). This initiative is set to unite industry experts and leaders, driving significant advancements that will reshape Dubai's...
UAE Introduces 10-Year Blue Residency Visa for Environmentalists.The UAE has unveiled a groundbreaking initiative aimed at environmentalists worldwide: the 10-year "Blue Residency" visa. This long-term residency is specifically designed to honor individuals who have made significant contributions to environmental conservation. Recognizing Exceptional Environmental Contributions The Blue Residency visa...
Impending Rules on Cash Property Sales in Dubai: What You Need to Know Private developers in Dubai are bracing for the enforcement of regulations regarding all-cash property sales, which are poised to usher in a significant shift in the market dynamics. With the looming implementation of restrictions limiting physical cash transactions to a maximum of Dh55,000, the landscape of property transactions in...
Emaar Properties PJSC's Strong First Quarter Performance Sets New Standards in Real Estate Industry.Emaar Properties PJSC (DFM: EMAAR) has unveiled its financial results for the initial quarter of 2024, demonstrating robust performance and operational excellence throughout its diverse ventures. Key Highlights of Achievements Emaar has disclosed revenues amounting to AED 6.7 billion (equivalent to US$ 1.8...
Dubai's Office Space Demand Surpasses Supply: Grade A Shortage Looms.Dubai, a thriving metropolis in the heart of the UAE, is facing an unprecedented challenge in its commercial real estate sector. The demand for office space is soaring to unprecedented heights, while the available supply struggles to keep pace. Analysts warn that the emirate could face a shortage of Grade A office space as early as next...
Dubai's Residential Market Booms: Over 35,000 New Units Expected by Year End.Dubai's real estate sector continues its robust trajectory, poised to witness the delivery of over 35,000 new residential units by the close of the year, as per a recent study by JLL. The surge in investor demand is underpinned by innovative product offerings, enticing payment plans, and recent amendments to the golden visa...
Dubai Emerges as a Wealth Magnet in the Middle East. Dubai, the bustling metropolis of the United Arab Emirates, has cemented its position as a global hub of prosperity. Recent reports unveil its remarkable ascent, marking it as the 21st wealthiest city worldwide. What's more astonishing is its claim to the highest concentration of millionaire residents in the Middle East, with an impressive tally of...
