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Sheik Hamdan launches Dubai Re-Tech platform to help real estate area

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It will likewise uphold the Dubai 2040 Urban Master Plan

Another stage to advance development and backing manageability in the Dubai real estate sector has been launched.

The stage, Dubai RE-Tech, will additionally help the emirate’s situation as a main speculation objective, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai, announced.

“Directed by the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the emirate keeps on speeding up the improvement of its essential areas. We mean to make Dubai’s land industry one of the world’s ideal,” Sheikh Hamdan said.

The platform is essential for drives acquainted with help the execution of the Dubai 2040 Urban Master Plan, which means to make Dubai the world’s best city to live in. The new platform will assist with facilitating improve straightforwardness and reinforce investor’s trust in the business.

“We are seeing uncommon development in the area with the quantity of investors expanding by more than 80% in a year, and the worth of yearly land exchanges surpassing Dh250 billion. This development energy mirrors the versatility and engaging quality of the area and the immense chances it offers,” Sheik Hamdan added.

HOW THE DUBAI RE-TECH PLATFORM WORKS

The platform utilizes cutting edge innovations to foster a coordinated land model dependent on man-made consciousness that permits players across Dubai’s realty area to investigate large information identified with the business. It likewise offers devices for future situation based on vital arranging and strategy advancement, and for producing proactive drives to make the most of chances and manage different business sectors changes.

The new drive gives a significant instrument to plan the fate of Dubai’s land area in accordance with worldwide accepted procedures, which thusly helps support investor’s certainty. The stage additionally envelops a coordinated and moment land data set associated with different partners in the area, which offers industry pointers and the future standpoint for the housing market.

One of the essential areas in the city’s economy, Dubai’s land industry has assumed a significant part in drawing in unfamiliar speculations, organizations and new companies to the emirate. This year, the area has effectively seen an aggregate of 38,000 new investors.

The Dubai 2040 Urban Master Plan dispatched by Sheikh Mohammed outlines an exhaustive arrangement for reasonable metropolitan advancement in the emirate. Lined up with the UAE’s vision for the following 50 years, the Master Plan centers around improving individuals’ bliss and personal satisfaction, supporting Dubai’s status as a favored worldwide speculation and the travel industry objective and changing it into the world’s best city to live in.

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Motorist alert: Dubai RTA announces weekend road closures on Emirates Road

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Dubai’s Roads and Transport Authority (RTA) has announced temporary road closures on Friday, February 21, 2025, due to ongoing maintenance and rehabilitation works.

Drivers are also being warned about weekend traffic delays on Emirates Road towards Sharjah. The affected area is between Dubai-Al Ain Road and the Al Amardhi–Al Awir Road intersection.

The delays are expected every weekend from 5:00pm to 8:00pm, and will continue until August 30, 2025.

Motorists are advised to plan their routes in advance and allow extra travel time to avoid getting stuck in traffic. The RTA also encourages road users to stay updated through its official channels for any changes.

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Tax-free salary, travel and other perks: Emirates is hiring 1,500 flying crew

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On World Pilots’ Day, Emirates celebrated the strength and dedication of its pilots while announcing major recruitment plans as part of its global growth strategy.

The Dubai-based airline reaffirmed its commitment to hire over 1,500 new pilots in the next two years, expanding its 4,600-strong flight crew team.

As part of this expansion, Emirates is actively seeking experienced aviators across four key programmes: Direct Entry Captains, Accelerated Command, First Officers Type Rated, and First Officers Non-Type Rated.

The airline’s Accelerated Command Programme, which fast-tracks First Officers to Captain roles, is already proving successful. More than 80 pilots are currently on track for the upgrade.

Its global recruitment roadshow is visiting over 40 cities, with upcoming stops in Norway, Finland, and Sweden this May, following recent sessions in Italy.

Pilots joining Emirates will fly one of the world’s youngest and most modern fleets, including the Airbus A380, Boeing 777, and the new A350. With a network covering 148 destinations across six continents, Emirates pilots enjoy some of the most scenic flight routes in the industry, from cityscapes like San Francisco and Sydney to natural wonders like the Himalayas and the aurora borealis.

In addition to tax-free salaries, Emirates offers profit sharing, a world-class provident fund, life and health insurance, and retirement benefits.

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Missed your corporate tax? UAE waives penalties for late filers

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Businesses in the UAE that missed the deadline to register for corporate tax have been given a welcome break. A new decision by the Ministry of Finance (MoF) and the Federal Tax Authority (FTA) waives administrative penalties for those who missed the registration deadline, as long as they meet specific conditions.

To benefit from the waiver, companies must submit their corporate tax returns or annual statements within seven months of their first tax period, in line with the UAE Corporate Tax Law.

Even better, businesses that already paid fines, but now meet the new conditions, will be eligible for refunds, according to the FTA.

This Cabinet-approved move aims to support businesses during the first year of corporate tax implementation, giving them more flexibility to comply with the new rules without facing hefty penalties.

Who’s Eligible?

  • Companies or exempt entities that missed the registration deadline
  • Must file their tax return or annual statement within 7 months of their first tax period

Why It Matters

The waiver reflects the UAE’s intention to ease the transition into the new corporate tax regime and encourage businesses to regularise their status without fear of penalties.

(Source: Wam)

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