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Dubai property sales spike in volumes as May comes to an end

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The value of property transactions in Dubai jumped by 20 percent this week compared to the previous seven days as investors continued to cash in on the UAE’s sought-after market.

What is interesting is the different kind of locations which propped up this week compared to the usual hotspots of Palm Jumeirah and adjoining areas.

During the week ending May 27, around 8.7 billion dirhams ($2.36 billion) in deals were recorded, up from 7.2 billion dirhams a week ago, data from the Dubai Land Department showed. Thursday alone (May 26) saw a 2.1bn sales volume itself.

Details of couple of big-ticket value villa sales emerged with Dubai Hills registering its costliest villa sale for this year. The seven-bedroom mansion found a buyer for Dh128 million and spans a built-up area of 34,113 square feet. Located in what is called the ‘Street of Dreams’, the Dubai Hills Grove has only 26 homes and all valued at Dh100 million and over.

District One, one node of the expansive MBR City which is languishing a bit, also got its highest value transaction when a Russian buyer picked a villa worth $89.1m.

The MBR City with Meydan One mall has been proposed as a massive development project. A villa there has now been sold for Dh89.1m

This week’s deals include 297 plots that were snapped up for 1.59 billion dirhams, as well as 2,116 apartments and villas with a combined value of 4.75 billion dirhams.

The total value of mortgaged properties for the week stood at 2.02 billion dirhams, with the highest being a land in Al Hebiah Third that was mortgaged for 211 million dirhams.

Dubai’s property prices have been rising over the past several months on the back of growing demand. Sales prices for villas surged an average of 40 percent in the first quarter of the year, according to Asteco.

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Dubai announces free parking and public transport for Hijri New Year holiday

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Heads up, Dubai residents. In celebration of the Hijri New Year, all public parking in Dubai will be free on Friday, June 27, except for multi-level parking terminals. Regular parking fees will resume on Saturday, June 28, the Roads and Transport Authority (RTA) announced.

Public Transport Hours – Friday, June 27

  • Dubai Metro: 5am (June 27) to 1am (June 28)
  • Dubai Tram: 6am (June 27) to 1am (June 28)

RTA Service Centres

  • Closed: All RTA Customer Happiness Centres and service provider centres
  • Open: Smart Customer Happiness Centres in Umm Ramool, Deira, Al Barsha, and RTA Head Office (available 24/7)

Vehicle Testing

  • No technical testing on Friday, services resume Saturday, June 28.

For the latest updates on bus and marine transport schedules, commuters are encouraged to check the RTA or S’hail app.

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UAE–Pakistan Travel: New agreement allows visa-free travel for select citizens

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In a move set to deepen long-standing ties, the UAE and Pakistan have signed a memorandum of understanding (MoU) for mutual visa exemption, allowing diplomatic and official passport holders of both countries to travel without entry visas. The agreement is expected to streamline travel and strengthen people-to-people connections between the two nations.

The visa exemption MoU was signed during the 12th session of the UAE–Pakistan Joint Ministerial Commission (JMC), held in Abu Dhabi, and attended by Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, and Mohammad Ishaq Dar, Pakistan’s Deputy Prime Minister and Minister of Foreign Affairs.

Agreements Beyond Visas

The high-level meeting saw the signing of several key MoUs, including:

  • A joint task force to promote UAE investments in Pakistan’s strategic sectors
  • An MoU on cooperation in artificial intelligence and the digital economy

These were signed by Mohamed Hassan Al Suwaidi, UAE Minister of Investment, and senior Pakistani officials, including Tariq Bajwa, Special Assistant to the Prime Minister of Pakistan, and Zarar Hashim Khan, Federal Secretary at Pakistan’s Ministry of Information Technology and Telecommunications.

A Trusted and Historic Partnership

The UAE and Pakistan reviewed cooperation across trade, investment, infrastructure, energy, and technology during the session.

Speaking at the event, Ahmed Ali Al Sayegh, who led the UAE delegation, described Pakistan as a long-standing and trusted partner, highlighting diplomatic ties dating back to 1971.

“This partnership is built on mutual trust, respect, and a shared vision for the future,” Al Sayegh said, noting that non-oil trade exceeded $8.6 billion in 2024.

Both sides reaffirmed their commitment to advancing bilateral relations and ensuring prosperity, stability, and development for future generations.

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UAE’s baseball governing committee eyes new growth opportunities

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The UAE’s Baseball Governing Committee is actively pushing forward with its plans to grow and develop the sport across the country, with a focus on grassroots talent and international partnerships.

The three-member committee, led by Dr. Tayyab Kamali as chairman and joined by Zayed Abbas and Mubashshir Usmani, continues to explore new avenues for expanding baseball’s footprint in the Emirates.

Baseball’s governance was officially placed under the Emirates Cricket Board (ECB) by the UAE two years ago. Since then, the committee has worked to build a solid foundation for the sport, from youth engagement to infrastructure development.

Dr. Tayyab Kamali, Chairman of the Baseball Governing Committee, said: “The Emirates Cricket Board remains committed to the growth of baseball in the UAE. We’re creating opportunities to promote the sport through talent development, establishing academies, and hosting world-class events across the country.”

He added that the committee has also engaged with several international baseball organisations and that a series of exciting partnerships and initiatives will be announced soon.

With baseball’s rising popularity globally and increasing interest among young athletes in the UAE, the committee is optimistic about the sport’s future in the region.

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