Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has partnered with Air Carbon Exchange (ACX) to create the world’s first fully regulated carbon trading exchange and carbon clearing house which will be established in Abu Dhabi, the capital of the UAE.
Pursuant to its recently released consultation paper, ADGM is set to become the first jurisdiction globally to regulate carbon credits and offsets as emission instruments, and to issue licences for exchanges to operate both spot and derivative markets.
The regulatory framework will allow corporates to trade and finance carbon credits like conventional financial assets, thus increasing participation and investment in global carbon reduction and offset programmes.
— Abu Dhabi Global Market (@ADGlobalMarket) March 29, 2022
Expected to launch this year, ACX will be established as a Recognised Investment Exchange (RIE) and regulated by ADGM. As a regulated RIE, ACX aims to offer its market participants and customers efficient trading and a regulated transparent price discovery mechanism.
In addition, ACX aims to set up a regulated Recognised Clearing House (RCH) – which will be known as ACX Clearing Corporation – for the purposes of custodising, clearing and settling commodities and commodity derivatives.
ACX intends to initially use its distributed ledger technology within a traditional commodity trading construct to create tokenised carbon credits for spot trading. At a later stage, ACX plans to offer carbon credit futures as commodity derivatives for trading. All digital tokens will be custodised by the RCH, settled and cleared using the RCH’s blockchain smart contracts providing efficient settlement for all spot transactions.
It is intended that the RCH, once established and operating within ADGM, will play a pivotal role in other markets and financial instruments, including virtual asset markets, adding vital market infrastructure to the digital trading ecosystem. ACX intends to extend its trading platform offering to include clean energy products, in addition to carbon credits.
Ahmed Jasim Al Zaabi, chairman of ADGM, said, “This is a significant global milestone and another world’s first for Abu Dhabi. This initiative reinforces ADGM’s commitment and ongoing efforts to cement its position as a leading international financial centre and world-class global commodities and carbon trading hub. We are excited to be partnering with ACX to enable and facilitate trading of high-quality carbon credits, and in that aspect, encourage more companies to reach their decarbonisation goals. As the first country in the Gulf to commit to net zero by 2050, this new trading platform is a further extension of Abu Dhabi’s drive to support sustainability ambitions and underlines ADGM’s focus on carbon neutrality as an international financial centre.”
Dubai continues to attract professionals, families, and digital nomads seeking long-term apartment rentals, thanks to its strong economy, modern lifestyle, and world-class infrastructure.
However, for newcomers, finding the right apartment that fits both budget and lifestyle can feel overwhelming.
Here are some of the top areas in Dubai for long-term rentals, based on tenant preferences, amenities, and rental trends:
Think luxury
Dubai Marina Still one of the most in-demand expat hubs, prices vary a lot by tower, view, and furnishing. Typical rents: Studio: Dh55,000 – 110,000 1BR: Dh75,000 – 135,000 2BR: Dh110,000 – 200,000 3BR: Dh200,000 – 350,000
Market note: Median rent sits around Dh130,000 across unit types Waterfront views and newer towers push prices to the top end.
Palm Jumeirah (Palm Islands) This is a completely different tier—think luxury, beachfront, and limited supply. Typical annual rents: 1BR (apartments): Dh 140,000 – 200,000 2BR: Dh 250,000 – 350,000 3BR apartments: Dh 500,000 – 700,000
Best for families with quality living
Dubai Hills Estate: Green, peaceful, and family-focused. Popular for expat families, with top schools and long-term tenant stability.
Typical rents:
1BR: Dh80,000–120,000
2BR: Dh130,000–190,000
Jumeirah Village Circle (JVC): Affordable, community-driven living with parks and strong rental yields. Ideal for families seeking quiet suburban life.
Typical rents:
Studio: Dh45,000–65,000
1BR: Dh65,000–95,000
Best for professionals and city life
Business Bay: A central business hub with high demand, perfect for young professionals and entrepreneurs.
Typical rents:
Studio: Dh60,000–85,000
1BR: Dh85,000–130,000
Downtown Dubai: Premium urban lifestyle near offices, dining, and entertainment.
1BR: Dh110,000–180,000
2BR: Dh180,000–280,000
Dubai Marina: Vibrant waterfront living with high-rise apartments and strong rental appeal.
Studio: Dh70,000–95,000
1BR: Dh95,000–140,000
Best for affordable rentals and value
A practical choice for professionals working in tech or nearby zones. Known for quieter living and relatively lower rents.
International City Remains one of Dubai’s most budget-friendly areas, popular for first-time expats or singles. Typical rents:
Studio: Dh30,000–45,000
1BR: Dh45,000–65,000
Al Barsha Well-connected (especially via metro) and still offers decent value compared to newer developments. Typical rents:
1BR: Dh70,000–100,000
2BR: Dh100,000–150,000
Discovery Gardens
This is firmly in the ‘affordable but spacious’ category. This neighbourhood is popular with expats who want bigger apartments without Marina-level prices.
Typical annual rents:
Studio: Dh 30,000 – 55,000
1BR: Dh45,000 – 72,000
2BR: Dh65,000 – 110,000
3BR: Dh90,000 – 120,000
Market reality:
Average rents sit around Dh 54,000 – 68,000/year, depending on unit type
Studios start at Dh 47,000, while 2BR units can go up to Dh 110,000
Still one of the best ‘space-for-money’ areas in Dubai, with larger layouts than newer buildings
How it compares
Discovery Gardens: Budget-friendly + bigger units + metro access
Cheaper than JVC and much cheaper than Dubai Marina
Trade-off: Older buildings + less ‘premium’ feel
For expats prioritising affordability, older central neighbourhoods such as Al Karama, Bur Dubai, and Deira continue to offer relatively lower rents compared to newer communities.
On the fringe
Further savings can be found in areas like Al Qusais, Muhaisnah, and outer residential zones, where rents are more accessible, but often at the cost of longer commute times and fewer modern amenities.
Typical budget range (older areas):
Studio: Dh28,000–50,000
1BR: Dh45,000–75,000
Why Dubai is still ideal for long-term rentals
Flexible payment options (1–4 cheques or annual upfront)
High-quality amenities (gyms, pools, parking in most buildings)
Strong, expat-driven rental market
Wide mix of luxury, mid-range, and budget communities
How to choose if you’re new to the city
With rising rents, the decision often comes down to trade-offs:
Want energy and convenience? – Business Bay, Downtown, Marina
Want space and community living? – Dubai Hills, JVC
Want affordability? – Silicon Oasis, International City, Deira
In 2026, several residents are compromising on location to gain space or save 15–25% on rent, especially with hybrid work becoming common.
In a move set to make everyday shopping easier, the UAE Ministry of Economy and Tourism has introduced a new digital tool that lets residents compare prices of essential goods across major retailers.
Called the Essential Goods Prices Platform, the initiative is designed to boost transparency and help shoppers find the best deals on daily essentials.
What you can check
The platform covers more than 30 essential items in its first phase, including:
Cooking oils, rice, sugar, and bread
Eggs, dairy products, meat, poultry, and fish
Fresh fruits and vegetables
It gives users a clear snapshot of price ranges across supermarkets, making it easier to spot where your money goes further.
How it works
Prices are updated daily from major retailers
Users can compare minimum and maximum prices
Track differences between stores and locations
Build a custom shopping basket to find the cheapest option
It’s essentially like having a real-time price comparison tool before you even step into a store.
With the cost of living always a concern, this platform puts more control directly in the hands of consumers.
It helps:
Save money on weekly groceries
Promote fair competition among retailers
Prevent unjustified price increases
By making pricing more transparent, the UAE is aiming to protect consumer spending while keeping the retail market balanced.
This launch builds on ongoing efforts by the UAE Ministry of Economy and Tourism to monitor essential goods and ensure price stability.
Now, instead of that data staying behind the scenes, it’s being shared openly, giving residents the power to make smarter, more informed shopping decisions.
In a city known for constantly reimagining urban life, Dubai Municipality has introduced a concept that could change how people think about both work and leisure.
Called the ‘Work from Park’ initiative, the idea is simple but powerful: turn public parks into flexible workspaces where productivity meets nature.
The first location is set to open in May 2026 at Al Barsha Pond Park, a popular green escape that will soon double as an open-air office for freelancers, entrepreneurs, and remote workers.
From green spaces to productive places
Instead of traditional office setups, the initiative brings thoughtfully designed modular workspaces into parks. These will include hot desks, meeting areas, and even creative studios, allowing people to work, collaborate, and create while surrounded by greenery.
The project is being developed in partnership with Group AMANA, which will build sustainable, modular units, and Letswork, which will operate and manage bookings through its platform.
Users can expect access to a variety of work environments, including podcast studios and content-creation spaces, making it especially appealing to creators and small businesses.
A vision aligned with Dubai’s future
The Work from Park initiative supports long-term strategies like the Dubai Urban Plan 2040 and the Dubai 2040 Parks and Greenery Strategy, which aim to enhance quality of life by making cities greener, healthier, and more adaptable to modern lifestyles.
Beyond desks and Wi-Fi, the initiative will also host educational sessions, collaborative workshops, and networking events. The goal is to build a vibrant community where ideas grow as naturally as the surrounding greenery.
With more locations planned across Dubai, public parks are set to evolve into multifunctional hubs that blend work, wellness, and social life.