News Real Estate

Abu Dhabi property market posts record AED 66bn quarter as FDI surges 423%

Abu Dhabi's real estate market recorded its strongest quarter on record in Q1 2026, with transactions reaching AED 66 billion across 13,518 deals – a 160.7% increase in value year-on-year, according to the Abu Dhabi Real Estate Centre.

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News

UAE announces AED 6bn fourth national motorway to ease congestion

The UAE has unveiled plans for an AED 6 billion Fourth Federal Corridor, a 68km motorway featuring 10 junctions, six to eight lanes and four flyovers, designed to reduce congestion and improve connectivity across the emirates.

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Economy News

Dubai Chamber welcomes 2,709 new member companies in March 2026

Dubai Chamber of Commerce added 2,709 new member companies in March 2026, reflecting continued investor confidence in Dubai as a business destination despite regional uncertainty.

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Economy News

UAE enters global top 10 exporters for first time with USD 1.64tn trade milestone

The UAE ranked 9th globally in goods exports in 2025, entering the world's top 10 for the first time according to the World Trade Organization's latest World Trade Prospects and Statistics report.

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Dubai Municipality to install EV supercharging stations across 600 public parking spaces

Dubai Municipality has launched a AED 150 million initiative to install electric vehicle supercharging stations across 600 parking spaces in public parks, beaches and recreational facilities, in partnership with Emarat EV Charging Stations Company (UAEV).

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News Real Estate

Dubai property sales reach AED 176.7bn in Q1 2026 as off-plan demand holds firm

Dubai's property market recorded AED 176.7 billion in sales across nearly 48,000 transactions in Q1 2026, a 23.4% year-on-year increase in value and 5.5% rise in volume, according to fäm Properties.

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Economy News

UAE Ministry of Economy and DFSA sign MoU to strengthen financial oversight

The UAE Ministry of Economy and Tourism and the Dubai Financial Services Authority (DFSA) have signed a memorandum of understanding to enhance regulatory cooperation and information sharing across auditors and Designated Non-Financial Businesses and Professions (DNFBPs) within their respective jurisdictions.

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Economy News

UAE Ministry of Finance amends tax procedure regulations effective 1 April

The UAE's Ministry of Finance has introduced amendments to the executive regulations governing tax procedures, effective 1 April 2026, aligned with the updated Tax Procedures Law that came into force on 1 January 2026.

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News

Kuwait approves USD 10bn capital budget for 2026-2027 amid regional conflict

Kuwait has approved capital expenditure of approximately KD 3 billion (USD 10 billion) for its 2026-2027 fiscal year, more than a third higher than the previous year, covering 117 new projects and 551 ongoing developments.

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News Real Estate

Dubai off-plan apartment sales hit AED 17.5bn in March despite regional conflict

Dubai's off-plan residential apartment market recorded AED 17.5 billion in sales during March 2026, a 12.9% increase year-on-year, according to analysis of Dubai Land Department data by Al Masdar Al Aqaari.

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