Dubai currently oversees more than 40 licensed virtual asset service providers and trading volumes, with transactions exceeding Dh2.5 trillion since January 2025 On the third anniversary of the Dubai Virtual Assets Regulatory Authority, Dubai's Ruler announced the bustling city leads as the largest licensed virtual assets market in the world, with transactions exceeding Dh2.5 trillion since the...
The new permit covers non-regulated activities including technology, consultancy, design, professional services, and trading, with plans to extend to regulated sectors Dubai has launched Free Zone Mainland Operating Permit to enable free zone companies to operate in Dubai’s mainland through a structured permit system. “This move eases cross-jurisdiction operations, opening cost-effective,...
Property expert says well-planned, high-quality developments offer the best returns with 2025 on course to break more records Dubai’s investor and buyer base has never been more diverse than the current time Investors who hesitated during predicted slowdowns in Dubai’s real estate sector missed significant opportunities as the market entered new phases of growth and development, a property...
'The distinction aligns with aims to double Dubai’s economy size by 2033 and consolidate its position among the top three urban economies in the world,' said the Dubai Crown Prince Dubai ranked as the global first for the number of Greenfield FDI projects it attracted for the eighth consecutive half-year period since H2 2021, according to data published in the Financial Times Ltd’s ‘fDi...
DIEZ also achieved a 13.7 per cent share of Dubai’s non-oil trade, its highest-ever contribution to date, sustaining growth for the fourth straight year Total trade across three major economic zones of Dubai reached record breaking numbers of Dh336 billion in 2024, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and...
With $1.1 trillion in liquid wealth and a fast-growing base of ultra-rich residents, the emirate is now ranked in the top along with London, Paris, and Milan A booming economy and strong investor inflows have propelled Dubai to become the fourth-wealthiest city in the Middle East and fourth in Europe, Middle East and Africa (EMEA) after London, Paris, and Milan. The emirate is home to 86,000...
Seasonally adjusted UAE headline PMI inched up to 53.3 in August from July’s 52.9 Dubai’s non-oil economy once again delivered robust results, with the emirate’s PMI climbing to 53.6 from 53.5 in July The UAE’s non-oil private sector economy continued to show resilience in August despite signs of slowing demand, with Dubai emerging as a standout performer. While new orders rose at the...
The uptick was driven by a notable increase in business output, which grew at the fastest rate in seven months The Dubai Purchasing Managers’ Index (PMI) rose slightly to 53.6 from 53.5 in July Dubai’s non-oil private sector continued to show resilience in August, with business conditions improving at a steady pace, according to the latest data from S&P Global. The Dubai Purchasing...
Human Health and Social Work activities registered the highest growth rate, rising 26 per cent compared to the same period last year Dubai recorded a GDP of Dh119.7 billion in the first quarter of 2025, marking a 4 per cent growth from the same period in 2024. The growth recorded in Q1 2025 was driven by strong performances across a wide range of strategic sectors. Human Health and Social Work...
13.6 million trips completed across the taxi and limousine segments in Q2 2025, up 19% year-on-year DTC’s taxi segment revenue in Q2 2025 increased by 18 per cent year-on-year to Dh539.7 million, driven by fleet expansion while maintaining strong utilisation levels.. Photo: File photo Dubai Taxi Company on Tuesday announced that Q2 2025 net profit increased by 33 per cent year-on-year to...
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