New opportunities for startups in real estate
A new partnership aims to support startups and SMEs by ensuring they have access to resources and opportunities to drive growth in the property technology (proptech) sector.
A new partnership aims to support startups and SMEs by ensuring they have access to resources and opportunities to drive growth in the property technology (proptech) sector.
Despite increasing economic uncertainties and geopolitical tensions, the enduring appeal of real estate investment remains unshakeable.
Dubai’s real estate sector is set to continue its upward momentum in 2025, fuelled by investor confidence, an expanding luxury segment, and rising demand for commercial properties.
Ooredoo Group has signed a landmark agreement with Alcatel Submarine Networks to construct a high-capacity submarine cable system that will connect seven Gulf nations – Qatar, Oman, the UAE, Bahrain, Saudi Arabia, Kuwait, and Iraq.
The global car rental network Finalrentals has partnered with UAE-based Autorent to revolutionise car rentals in both the UAE and wider region.
The Central Bank of the UAE (CBUAE) has announced that the base rate for the overnight deposit facility (ODF) will remain at 4.40%. This decision aligns with the US Federal Reserve’s move to keep the interest rate on reserve balances (IORB) unchanged.
With a promising future ahead of it, the emirate of Fujairah has seen excellent growth, expanding its economy by about one third since 2021, and currently showing year-on-year growth of around 8%.
Innovation has always been a key part of the UAE’s development strategy, and its financial sector is no exception. With a vision to position itself as a global fintech hub, the nation has invested heavily in creating an ecosystem where digital banking can thrive.
Financial services provider Paymob has announced a partnership with the open source eCommerce platform Woo. The collaboration marks Woo’s first preferred partnership in the region, integrating Paymob’s payment technology directly into the WooCommerce Marketplace.
The UAE’s largest private real estate developer DAMAC Properties has launched Riverside Views, its first project of 2025. The new development is part of the recently introduced DAMAC Riverside community, offering one- and two- bedroom apartments available on a 70/30 payment plan, making luxury waterfront living more accessible to buyers.
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