Dubai Financial Market Q1 profit jumps 43% on trading surge
Dubai Financial Market reported Q1 2026 net profit before tax of AED 193.3 million, up 43% from AED 134.9 million a year earlier.
Economy
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Real Estate
Meraas awards AED 2.4bn Dubailand villa contracts
Meraas, part of Dubai Holding Real Estate, has awarded AED 2.4 billion in contracts for new phases of The Acres and The Acres
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Real Estate
Saudi Arabia launches USD 2.1bn Jeddah mega housing project
Saudi Arabia has unveiled Jawharat Al Arous, a SAR 8 billion (USD 2.1 billion) private sector residential development in Jeddah spanning 107 million
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Real Estate
Dubai removes property floor for investor visas
Dubai Land Department has removed the AED 750,000 minimum property threshold for two-year investor residency visas, allowing any sole property owner to qualify.
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DIFC new firm registrations jump 62% in Q1 2026
Dubai International Financial Centre (DIFC) recorded 775 new firm registrations in Q1 2026, up 62% year-on-year, reinforcing its position as a leading global
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Sharjah launches AED 1,000 instant industrial license
Sharjah Economic Development Department has introduced an instant industrial license priced at AED 1,000 to accelerate manufacturing setup and reduce entry barriers for
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Real Estate
Dubai logs AED377m Naïa Island plot sale
A 52,866 sq ft beachfront plot on Naïa Island sold for AED377 million, marking one of Dubai’s largest single residential land deals and
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UAE to exit OPEC and OPEC+ from May 1
The United Arab Emirates will exit OPEC and OPEC+ effective May 1, 2026, following a review of national production policy and future capacity.
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Creative Zone partners with RAKEZ and Mashreq NEO BIZ to launch Young Entrepreneurs’ Business Setup Program
An industry-first initiative led by Creative Zone, bringing key partners together to make business setup easier, more accessible, and more rewarding for first-time
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Real Estate
Nakheel awards AED 3.5bn Palm Jebel Ali villa contracts
Nakheel, part of Dubai Holding Real Estate, has awarded over AED 3.5 billion in contracts to build 544 villas on Palm Jebel Ali.