Connect with us

Announcements

Hamdan bin Mohammed gives green light for construction of Dubai’s first aerial taxi vertiport

Published

on

Spread the love

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, in the presence of Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai, gave the green light for the construction of Dubai’s first aerial taxi vertiport near Dubai International Airport. 

The initiative is set to make Dubai the world’s first city to offer urban aerial transport through an advanced aerial taxi take-off and landing network.

Featuring a modern design that complements Dubai’s urban landscape, the vertiport is set to offer passengers a unique, comfortable and seamless mobility experience.

Spanning 3,100 square metres, the vertiport features designated zones for take-off and landing, aircraft charging, a dedicated aerial taxi apron, and a parking area. With a capacity for approximately 42,000 landings annually, it is expected to serve around 170,000 riders per year.

Upon arrival at RTA headquarters, Sheikh Hamdan was welcomed by Mattar Al Tayer, Director-General, Chairman of the Board of Executive Directors of RTA, senior RTA officials, and JoeBen Bevert, Founder and CEO of Joby Aviation, the aerial taxi manufacturer, and Damien Kisly, Head of Infrastructure EMEA at SkyPorts, the company responsible for designing and constructing the vertiport’s infrastructure, Contemporary design.

Sheikh Hamdan bin Mohammed attended a presentation on the Aerial Taxi vertiport’s contemporary design, which reflects Dubai’s iconic urban aesthetic, offering users a seamless and comfortable travel experience. The vertiport includes air-conditioned facilities built to the highest global safety standards. In collaboration with leading international operators, Joby Aviation will manage aircraft manufacturing, operations, and passenger movement, while Skyports will oversee the design, construction, and operation of the vertiport’s infrastructure. RTA will be responsible for governance and integration with other transport modes. The aerial taxi service is expected to launch in Q1 2026.

The Joby S4 aerial taxi is capable of vertical take-off and landing, operating as a sustainable, eco-friendly electric vehicle with zero emissions. Known for safety, comfort, and speed, the aerial taxi incorporates advanced technology with six rotors and four battery packs, enabling a flight range of up to 161 km at a maximum speed of 321 km/h. With a capacity for four passengers plus a pilot, the aerial taxi generates significantly less noise compared to traditional helicopters.

Al Tayer elaborated on the project, stating: “In the initial phase, the aerial taxi service will operate from four strategic locations close to Dubai International Airport, Downtown Dubai, Dubai Marina, and Palm Jumeirah. This service provides Dubai residents and visitors with a new, rapid, and secure transport option to key city locations. For example, a journey from Dubai International Airport to Palm Jumeirah is anticipated to take approximately 12 minutes, compared to 45 minutes by car. The service also supports integration with public transport modes and individual transport solutions like e-scooters and bicycles, promoting multimodal transport and city-wide connectivity to deliver a smooth travel experience.”

Earlier this year, RTA signed an agreement to launch the aerial taxi service with the General Civil Aviation Authority (GCAA), the Dubai Civil Aviation Authority (DCAA), Skyports Infrastructure, a UK-based leader in advanced aerial mobility infrastructure development, and Joby Aviation, a US-based specialist in aerial vehicles.

As a trainee reporter and creative lead, I focus on curating engaging content and managing the social media presence for the company. I aim to connect audiences with relevant, impactful news through multiple digital platforms.

Announcements

Dubai Chambers launches one-stop digital platform to help businesses start, grow and expand

Published

on

Spread the love

Starting and growing a business in Dubai is set to become easier with the launch of Business in Dubai, a new digital platform by Dubai Chambers that brings together essential corporate services in one place.

Designed as a single gateway for companies, the platform connects businesses with trusted service providers, helping them access everything from financial solutions to technology, marketing and certification services without having to navigate multiple channels.

The initiative aims to simplify business operations while strengthening Dubai’s position as one of the world’s most competitive destinations for investment and entrepreneurship.

What does the platform offer?

The Business in Dubai platform currently provides 65 corporate services through seven accredited partners, offering companies a wide range of support as they establish or expand their operations in the emirate.

The services are grouped into four key categories:

  • Financial services
  • Marketing and business growth services
  • Technology services
  • Testing, inspection and certification services

The current network of partners includes ZENDATA Cybersecurity, FAST Ventures, Mamo, OCTA, SGS Gulf Limited, Vault, and Pemo.

Helping businesses grow

Dubai Chambers said the platform has been designed to save companies time and resources by bringing multiple business services under one digital roof.

Khalid AlJarwan, Executive Vice President of Commercial and Corporate Services at Dubai Chambers, said the initiative reflects the organisation’s commitment to creating an environment that supports business growth both locally and internationally.

He said the platform will strengthen Dubai’s investment ecosystem by making it easier for companies to access the services they need to scale their operations and contribute to the emirate’s long-term economic development.

Boost for the digital economy

Saeed Al Gergawi, Vice President of Dubai Chamber of Digital Economy, said the platform will particularly benefit businesses operating in the digital economy by simplifying access to trusted service providers.

He added that the initiative creates a more flexible and efficient business environment, enabling entrepreneurs and companies across different sectors to focus on growth rather than administrative processes.

A single digital gateway

By consolidating key business services onto one platform, Dubai Chambers aims to reduce the time and effort companies spend searching for service providers, allowing them to concentrate on innovation, expansion and day-to-day operations.

The launch forms part of Dubai’s wider efforts to strengthen its business ecosystem and reinforce its position as a leading global hub for trade, investment and entrepreneurship.

Continue Reading

Announcements

What the new DIFC investment fund proposals mean for investors

Published

on

Spread the love

Dubai’s financial regulator is planning the biggest update to the Dubai International Financial Centre (DIFC) investment fund rules in more than a decade.

The Dubai Financial Services Authority (DFSA) has launched a public consultation on a wide-ranging package of reforms designed to modernise the DIFC’s investment fund framework, simplify regulations for fund managers and strengthen investor protection.

Here’s what you need to know.

Why is the DFSA changing the rules?

The DFSA says the investment fund industry has evolved significantly since the current framework was introduced in 2006.

The proposed reforms aim to:

  • Modernise regulations to reflect today’s investment market.
  • Reduce unnecessary compliance requirements.
  • Make it easier for fund managers to operate.
  • Maintain strong investor protection.
  • Align DIFC regulations with international best practices.

What are the proposed changes?

The consultation includes several key proposals:

More flexible rules for private investment funds

The DFSA plans to replace rigid classifications for specialist private funds with a more flexible framework that can better accommodate modern investment strategies.

Simpler licensing for fund managers

Investment managers may no longer need separate licences for certain activities, such as arranging investments or dealing on behalf of clients, as these would be covered under an existing asset management licence.

Updated rules for master-feeder funds

The regulator also wants to modernise regulations governing “master-feeder” fund structures to reflect current market practices better.

Removal of the external fund manager regime

The DFSA proposes removing the external fund manager framework as more firms are now seeking direct authorisation from the regulator.

More investment opportunities for employees

Employees could be given greater flexibility to invest in private funds managed by their own employers, either directly or through dedicated investment vehicles.

Technical improvements

The consultation also proposes several technical amendments to improve clarity and consistency within the Collective Investment Law.

Could tokenised investment funds become a reality?

The consultation also seeks industry feedback on regulating tokenised investment funds.

Tokenisation uses blockchain technology to represent ownership units digitally, potentially making investment funds more efficient and accessible.

At this stage, the DFSA is only gathering feedback and has not proposed formal regulations.

Will retail investors get access to more investment opportunities?

Another topic under discussion is the possible introduction of a long-term investment fund regime.

If developed in the future, it could allow retail investors to access certain long-term assets—such as infrastructure projects or private market investments- that are currently limited to professional investors.

No regulatory changes have been proposed yet; the regulator is first seeking industry views.

Who can provide feedback?

The consultation is open until September 7, 2026.

The DFSA is inviting comments from:

  • Fund managers
  • Asset managers
  • Fund administrators
  • Legal advisers
  • Auditors
  • Compliance professionals
  • Other participants in the DIFC investment funds industry

The proposals form part of Dubai’s wider efforts to strengthen its position as a leading regional hub for wealth and asset management while ensuring regulations remain modern, proportionate and investor-focused.

Continue Reading

Announcements

Good news for businesses: Sharjah slashes fees and fines

Published

on

Spread the love

Businesses in Sharjah can now benefit from a range of temporary fee reductions after Sharjah Police unveiled a new package of incentives aimed at easing costs and supporting the emirate’s business community.

The measures, introduced in line with a decision by the Sharjah Executive Council, include 50% discounts on several security-related fees, along with reduced fines and lower training costs for companies.

What discounts are available?

Under the new initiative, eligible businesses will receive:

  • 50% off security permit renewal fees for commercial activities
  • 50% off security system subscription fees
  • 50% reduction on eligible violations and fines
  • 20% off mandatory training programme fees for companies

Sharjah Police said the initiative is designed to support commercial establishments, encourage business sustainability and further strengthen the emirate’s position as an attractive destination for investment.

How long will the discounts last?

The incentives will be available for three months from the date the decision comes into effect.

Businesses seeking more information about the discounts and eligibility can contact the Sharjah Police Call Centre on 901.

Continue Reading

Popular

© Copyright 2025 HEADLINE. All rights reserved

https://headline.ae/