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Hamdan bin Mohammed, Maktoum bin Mohammed issue directives to set up task force to track digital economy

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DUBAI (WAM) – Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, reviewed vital technology trends in the Metaverse and issued directives to form a task force to track the latest developments in the digital economy.

The move is part of the directives issued by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, during the previous meeting of the Dubai Council.

Sheikh Mohammed had directed the formation of a higher committee to supervise technological developments in the emirate and oversee developments in the digital economy, contributing to enhancing Dubai’s status as the best city in the virtual space thanks to innovative services and its advanced regulatory and legislative framework.

Sheikh Hamdan said the formation of the higher committee to oversee technological advances in Dubai reflects the farsighted vision of father, who always looks ahead and takes proactive and prompt decisions to harness potential opportunities. The decision would cement Dubai’s status as a key city in the metaverse, he added.

Sheikh Hamdan noted that the committee had started work on key pillars and the objectives of the Dubai Metaverse Strategy. Based on data and information, the strategy aims to increase the contribution of the metaverse sector to Dubai’s economy to US$4 billion by 2030 and increase its contribution to Dubai’s GDP to 1 percent.

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During the meeting, Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Teleworking Applications and Chairman of The Dubai Chamber of Digital Economy, outlined how Dubai stands to benefit from the metaverse in a way that enables it to generate business opportunities beyond its physical borders.

The committee aims to implement metaverse technologies that can help improve the performance of resident surgeons by 230 percent and increase the productivity of engineers by 30 percent, in addition to supporting 42,000 jobs to become virtual.

Dubai plans to become a key player in the virtual world and is developing a regulatory and legislative framework for the sector. It is also launching projects and initiatives that will further raise its stature in the virtual world.

The committee is currently working on identifying opportunities and challenges and continuing the development of the legislative framework that covers future requirements of all sectors. In addition, the committee is working on qualifying human capital to be able to excel in the virtual world.

The metaverse is a virtual-reality space where users interact with computer-generated environments and other users. It combines elements of social media, augmented reality, virtual reality, video games, cryptocurrencies, and other advanced technologies.

Current estimates expect business revenues from the metaverse could grow from US$180 billion to US$400 billion by 2025.

Earlier this month, Dubai’s Virtual Assets Regulatory Authority (VARA) said it had entered the metaverse with the establishment of its Metaverse HQ, making it the first regulator to have a presence in the emerging digital space. Expanding VARA’s resources to a borderless audience is part of Dubai’s strategy to create a prototype decentralised regulator model.

It also aims to make it accessible to government and industry leaders, other authorities and virtual asset service providers to help shape the future digital economy. VARA’s MetaHQ will utilise The Sandbox platform, an Ethereum blockchain-based application that allows users to create, sell and purchase digital assets.

 

 

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    Sheikh Hamdan bin Mohammed, right, and brother Sheikh Maktoum took an overview of the vision and strategy ahead for the digital economy. WAM

  • Dubai-digital-economy

Chief Storyteller – Abhishek Sengupta Storytelling has been at the heart of everything I’ve done for nearly two decades, whether it’s captivating audiences with breaking news, crafting compelling video narratives, or writing columns with just the right amount of sarcasm and spice. I’ve been an award-winning investigative journalist, content creator, media strategist, and accidental commentator on everything from falafels to foldable laptops. My career has taken me across 60 countries, four World Cups between two sports, and one unforgettable ‘journalistic’ saga. Along the way, I’ve produced over 1,000 minutes of multimedia content, interviewed corporate top bosses, grilled ministers, while helping UAE’s longest-running English daily Khaleej Times ride the digital wave. All along, I’ve only tried (and occasionally succeeded) in making audiences laugh, think, and occasionally say, “Wait, that was actually interesting” —proving that even in today’s world, storytelling isn’t just alive; it’s thriving, quirky, and kicking up a storm.

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No tolls, free parking in Abu Dhabi this Friday

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Motorists in Abu Dhabi can use public parking for free and avoid Darb toll charges at four gates on Friday, August 28, for the Prophet Muhammad’s (PBUH) birthday public holiday.

Q Mobility said regular toll and parking charges will resume on Saturday, August 29.

Which toll gates are free?

Darb tolls will be waived on Friday at:

  • Sas Al Nakhl
  • Al Maqta
  • Rabdan
  • Al Saadiyat

However, Al Qurm and Ghantout toll gates will remain chargeable. Both operate 24/7 at AED 4 per crossing.

Mawaqif parking free

Public Mawaqif parking across Abu Dhabi will also be free on August 28.

The exemption does not cover multi-storey public parking buildings, where normal charges will continue.

Regular Mawaqif fees will return on Saturday, August 29.

Q Mobility Centres Closed

Q Mobility Customer Happiness Centres in Abu Dhabi and Al Ain will be closed on Friday and reopen on Monday, August 31.

Motorists can continue using Q Mobility’s digital services 24/7 through its website, the Darb app and TAMM.

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Crackdown on Illegal paying guests: Dubai’s new shared housing law takes effect with fines up to Dh1m

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Dubai’s new legislation governing shared accommodation officially came into effect on August 26. Applying across the entire emirate, including free zones and special development zones, the comprehensive framework is designed to eliminate dangerous, overcrowded, and unauthorised partition rentals while establishing formal licensing standards for communal living.

What qualifies as shared housing?

Under the law, shared housing is defined as any residential property where individuals or families occupy private designated living spaces while sharing common facilities like kitchens, bathrooms, and dining areas.

Who is permitted to rent out shared units?

The new framework strictly bans unauthorised subletting by tenants. A primary tenant can no longer rent out individual bedrooms, partitioned spaces, or bed spaces directly to roommates or third parties.

Only the following entities can legally offer shared housing:

  • Registered Property Owners: Leasing spaces directly to occupants under formal contracts. 
  • Licensed Management Companies: Authorised operators contracted by the owner to run and lease the property. 
  • Licensed Operators Subletting Master Leases: Approved commercial entities leasing an entire property from the owner to sublet authorised units to tenants. 

Penalties for violations

Authorities have introduced strict financial and operational consequences for non-compliance:

  • Initial Fines: Dh500 up to Dh500,000, depending on the severity of the violation.
  • Repeat Violations: Fines double for repeat offences committed within one year, capped at Dh1,000,000.
  • Operational Sanctions: Authorities may suspend operations for up to 6 months, revoke commercial licenses, cancel permits, disconnect utilities, seize equipment, or order the direct evacuation of non-compliant properties.

Grace period & tenant protection

  • Compliance deadline: Existing shared housing operators and property owners have until August 26, 2027, to obtain permits and bring their properties into full compliance. 
  • Protection from sudden eviction: If an operator’s permit is suspended or cancelled, authorities can grant occupants an interim stay period to secure alternative accommodation rather than facing immediate eviction. 

Approved property/resident categories

The regulation permits shared accommodation across six distinct property types:

  • Residential apartments
  • Detached/standalone houses
  • Residential complexes
  • Mixed-use buildings
  • Attached / adjoining houses
  • Multi-storey buildings

Permitted occupant groups include families, single men, single women, university students, government personnel, and private sector corporate employees. Corporate and student housing provided directly by employers or educational institutions does not require individual tenancy contracts.

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Free parking in Dubai this Friday as RTA announces public holiday timings

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Dubai motorists will get a break from parking fees this Friday as public parking spaces across the emirate will be free to use for the public holiday marking the birthday of Prophet Muhammed (PBUH).

The free parking applies to public parking spaces across Dubai, excluding multi-level parking terminals.

Normal parking charges will resume on Saturday, August 29.

Metro and tram timings

Public transport services will operate on special schedules during the holiday.

  • Dubai Metro: Red and Green Lines will run from 5am until 1am the following day.
  • Dubai Tram: Services will operate from 6am until 1am the following day.
  • Public buses: Passengers are advised to check the S’hail app for the latest routes and timings.

Bus route suspended temporarily

Passengers travelling between Dubai and Abu Dhabi should note that bus route E100 from Al Ghubaiba Bus Station will not operate from August 27 to August 30.

During this period, passengers are advised to use bus route E101, which operates from Ibn Battuta Bus Station to Abu Dhabi.

RTA Centres

Most RTA customer happiness centres will be closed on Friday, August 28.

However, some locations will continue to operate around the clock, including:

  • Umm Ramool customer happiness centre
  • Smart customer service centres in Deira
  • Al Barsha
  • Al Tawar
  • Al Kifaf
  • RTA head office

These smart centres will remain available 24/7 during the holiday.

Vehicle testing centres: What’s open?

Service provider centres for vehicle technical testing will generally be closed on Friday, with normal operations returning on Saturday.

However, several centres will remain open during the holiday:

  • Al Mutakamela Al Quoz
  • Al Mutakamela Al Qusais
  • Aber
  • Wasel Al Jaddaf

These centres will provide vehicle technical testing and registration services during the holiday, operating from 7am to 12 noon and again from 3pm to 10:30pm.

Marine transport

Marine transport services will also operate according to holiday timings. Passengers should check the RTA’s latest marine transport schedule before travelling.

What residents should know

For residents planning to drive or use public transport on August 28, the key points are simple: public parking is free, Dubai Metro and Tram will operate on extended schedules, and some RTA service and vehicle testing centres will remain open despite the holiday.

Passengers using buses, especially those travelling to Abu Dhabi, should check their route before leaving home as some services will operate differently during the holiday.


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