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Dubai property market is underestimated, says emirate’s travel industry chief

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The ‘liveability’ of Dubai is a gigantic selling guide that requirements toward be utilized to support the recuperation of the property area, as indicated by Issam Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing (DTCM)

“The deals of properties in Dubai has soar… a UBS study showed that one of the most underestimated markets on the planet right now for property is Dubai,” said Issam Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing (DTCM).

Talking at the twentieth version of the Cityscape Global culmination, Kazim added: “There is economical development and a ton of these experts position Dubai as where they can really see development for individuals and organizations also.”

In September, Dubai’s housing market enrolled the most noteworthy worth of deals for almost eight years, as per figures arranged by Mo’asher, the emirate’s true deals value record.

“This has been a record year for the quantity of property exchanges… .I suspect as much far 2021 has in addition to the fact that overtaking been 2020, which isn’t is actually to be expected, yet additionally 2019 and 2018 also,” he added.

The emirate recorded around 5,762 property deals exchanges worth over AED16.2 billion in September, the most since December 2013, as indicated by Mo’asher.

On the variables that are drawing in unfamiliar land ventures, Kazim said: “The liveability part of Dubai is turning into a lot more grounded… this is an enormous selling point and we’re utilizing it significantly more.”

“I figure post-pandemic, a many individuals will pick one objective to remain in for a more extended timeframe too,” he added.

As far as the travel industry and cordiality recuperation, Kazim shared: “Dubai has bounced back more grounded than previously… .we generally need to be superior to where we left things off from the prior year.”

Dubai’s friendliness area – like those all throughout the planet – was hit hard by Covid-19, yet the area is on the road to success to recuperation, with lodgings hitting 62% inhabitance in the principal half of 2021.

The UAE generally speaking outflanked other worldwide the travel industry objections in the principal half, including China (where lodgings arrived at 54% inhabitance), US (45%), Mexico (38%), the United Kingdom (37%), and Turkey (36%).

Supporting the travel industry area’s hearty recuperation, Kazim said: “individuals’ craving and the yearning to get back on a plane and go to another objective is obvious substantially more than ever…people understand that it’s one part of life that they may have underestimated.”

He likewise alluded to the crucial pretended by the private and public areas and the worth of their solid cooperation in speeding up the area’s recuperation.

Following a severe cross country lockdown last year, the DTCM CEO accepts that Dubai had “a first mover advantage” by being one of the principal objections to securely return, in which he said: “This was again setting our situation as the number four globally visited city on the planet, as we draw nearer to being in the best three.”

“25% of our guests that come to Dubai are rehash guests, so they’re in Dubai more than once inside a year time span… this shows that we have all that sightseers need,” he added.

With that, Kazim referred to the viability of a few UAE drives, for example, the Retirement Visa and the Golden Visa in drawing in outsiders, close by the movement of worldwide brands in attracting organizations and new companies.

“Migrating worldwide HQs, local HQs, and family workplaces to Dubai became one of the key things that we pushed for,” he said.

Locale 2020, Expo 2020 Dubai’s heritage project, has been assuming a critical part in understanding this responsibility, becoming home to the world’s driving modern, tech and coordinations goliaths, including Siemens, Terminus and DP World.

“At the point when you have huge players like that settling on determined choices to move, that communicates something specific out worldwide that Dubai is the perfect spot for them,” he added.

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Parkonic introduces new paid parking areas in Dubai Silicon Oasis

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Motorists visiting Dubai Silicon Oasis will notice a major change in parking operations as new Parkonic-managed on-street parking zones officially come into effect from June 1.

The latest expansion covers several areas surrounding Dubai Silicon Oasis, including locations near University Residence buildings, and forms part of Dubai’s broader transition towards a fully digital parking ecosystem.

Unlike traditional parking systems that rely on tickets, parking meters or pay-and-display machines, the new setup uses automatic number plate recognition technology to identify vehicles and process payments seamlessly. The system is designed to offer a faster and more convenient experience for drivers while supporting Dubai’s smart city ambitions.

Under the Parkonic model, parking charges can be automatically deducted through a vehicle owner’s Salik account, eliminating the need for manual payments. Drivers who prefer an alternative method can also pay via SMS by following the instructions displayed on parking signs within the designated zones.

As part of the rollout, authorities have confirmed that cash payments, parking meters and QR code transactions will no longer be accepted in the newly activated areas.

Parking fees will vary depending on the time of day. Motorists will be charged Dh4 per hour from midnight until 4pm, while peak-hour rates will increase to Dh6 per hour between 4pm and 8pm. Charges will then return to Dh4 per hour from 8pm until midnight.

The expansion reflects Dubai’s ongoing investment in smart mobility solutions aimed at simplifying everyday services for residents and visitors. By integrating parking payments with existing digital infrastructure such as Salik, authorities hope to reduce congestion, improve operational efficiency and create a more seamless urban mobility experience.

Drivers using the new zones are encouraged to familiarise themselves with the updated payment process and ensure their Salik account details are active and up to date to avoid potential penalties.

For motorists requiring assistance, Parkonic has made customer support available through its dedicated helpline and online support channels.

The latest rollout marks another step in Dubai’s journey towards a smarter, more connected transport network, where technology continues to replace traditional systems and enhance convenience for road users across the emirate.

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Dubai exit to Maliha Road closed nightly for 10 days: What drivers need to know

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Drivers travelling through Dubai during late-night hours are advised to plan after authorities announced a temporary closure of the exit leading to Maliha Road as part of ongoing Etihad Rail infrastructure development works.

The closure will be in effect daily from midnight until 6am, beginning on June 1 and continuing through June 10. During this period, the affected exit will remain inaccessible for 6 hours each night while construction work is underway.

Officials said the temporary measure is necessary to support progress on the Etihad Rail project, one of the UAE’s most significant transport infrastructure initiatives aimed at enhancing connectivity across the country.

Motorists who regularly use the route are encouraged to identify alternative roads and allow extra travel time, particularly during the overnight closure window. Traffic diversions and alternative access routes are expected to help minimise disruption for road users.

Authorities have urged drivers to follow road signs, adhere to traffic guidance and remain updated on any changes related to the works.

The temporary closure forms part of broader efforts to advance the UAE’s transport network and support future mobility projects that will improve travel efficiency and connectivity nationwide.

Officials also thanked motorists for their patience and cooperation during the construction period, while apologising for any inconvenience caused as work continues on the major infrastructure project.

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UAE fuel prices for June announced: Petrol edges closer to Dh4 a litre

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The UAE announced revised fuel prices for June 2026, with motorists set to pay significantly more for petrol while diesel costs decline compared to the previous month.

The latest adjustment is particularly notable as it marks the country’s first monthly fuel pricing update since formally leaving both OPEC and OPEC+ earlier this year.

Beginning June 1, Super 98 petrol will be priced at Dh3.95 per litre, up from Dh3.66 in May. Special 95 will rise to Dh3.83 per litre from Dh3.55, while E-Plus 91 will increase from Dh3.48 to Dh3.76 per litre.

In contrast, diesel users will benefit from a reduction, with prices falling from Dh4.69 per litre in May to Dh4.33 in June.

The latest increase extends a three-month upward trend in petrol prices, reflecting ongoing volatility in global energy markets and fluctuations in crude oil prices.

Impact on residents

For households across the UAE, fuel price movements remain a key economic indicator, influencing transportation costs, daily commuting expenses and overall household budgets. Rising petrol prices can have a noticeable impact on monthly spending, particularly for residents who rely heavily on private vehicles.

The June pricing announcement comes just weeks after the UAE officially ended its six-decade membership in OPEC and OPEC+, a move that took effect on May 1, 2026.

The revised prices will come into effect from June1, 2026.

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