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Sheik Hamdan launches Dubai Re-Tech platform to help real estate area

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It will likewise uphold the Dubai 2040 Urban Master Plan

Another stage to advance development and backing manageability in the Dubai real estate sector has been launched.

The stage, Dubai RE-Tech, will additionally help the emirate’s situation as a main speculation objective, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai, announced.

“Directed by the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the emirate keeps on speeding up the improvement of its essential areas. We mean to make Dubai’s land industry one of the world’s ideal,” Sheikh Hamdan said.

The platform is essential for drives acquainted with help the execution of the Dubai 2040 Urban Master Plan, which means to make Dubai the world’s best city to live in. The new platform will assist with facilitating improve straightforwardness and reinforce investor’s trust in the business.

“We are seeing uncommon development in the area with the quantity of investors expanding by more than 80% in a year, and the worth of yearly land exchanges surpassing Dh250 billion. This development energy mirrors the versatility and engaging quality of the area and the immense chances it offers,” Sheik Hamdan added.

HOW THE DUBAI RE-TECH PLATFORM WORKS

The platform utilizes cutting edge innovations to foster a coordinated land model dependent on man-made consciousness that permits players across Dubai’s realty area to investigate large information identified with the business. It likewise offers devices for future situation based on vital arranging and strategy advancement, and for producing proactive drives to make the most of chances and manage different business sectors changes.

The new drive gives a significant instrument to plan the fate of Dubai’s land area in accordance with worldwide accepted procedures, which thusly helps support investor’s certainty. The stage additionally envelops a coordinated and moment land data set associated with different partners in the area, which offers industry pointers and the future standpoint for the housing market.

One of the essential areas in the city’s economy, Dubai’s land industry has assumed a significant part in drawing in unfamiliar speculations, organizations and new companies to the emirate. This year, the area has effectively seen an aggregate of 38,000 new investors.

The Dubai 2040 Urban Master Plan dispatched by Sheikh Mohammed outlines an exhaustive arrangement for reasonable metropolitan advancement in the emirate. Lined up with the UAE’s vision for the following 50 years, the Master Plan centers around improving individuals’ bliss and personal satisfaction, supporting Dubai’s status as a favored worldwide speculation and the travel industry objective and changing it into the world’s best city to live in.

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UAE weather update: What to expect from now through the weekend

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Residents across the UAE can expect a warm and slightly hazy few days ahead, as the National Centre of Meteorology (NCM) forecasts fair to partly cloudy skies, rising temperatures, and dusty winds continuing through the weekend.

According to the latest update, Wednesday’s weather will bring light to moderate winds, occasionally picking up and causing blowing dust. Temperatures are set to climb, with highs reaching up to 44°C, a reminder that summer conditions are fast approaching.

For many expats adjusting to seasonal changes in the UAE, this period often signals the shift towards hotter, more indoor-focused routines, whether that’s planning early morning outings or opting for evening gatherings instead.

The NCM attributes the current conditions to weak surface pressure systems combined with an upper-level high-pressure extension, contributing to stable but warmer weather across the country.

Looking ahead to Thursday and Friday, similar conditions are expected, with north-easterly to north-westerly winds reaching speeds of up to 40 km/h. These winds may continue to stir up dust, reducing visibility at times, especially in exposed areas.

Sea conditions will also vary over the coming days. The Arabian Gulf is expected to be slight to moderate, turning rough at times offshore, while the Oman Sea will remain mostly slight, with occasional moderate conditions.

As the weekend approaches, Saturday and Sunday will remain generally fair, though dusty conditions are likely to persist. Sea states will continue to fluctuate, ranging from slight to moderate, with intermittent rough conditions offshore.

For residents planning beach trips or outdoor activities, it may be worth keeping an eye on updates and choosing calmer periods, particularly in the mornings or later evenings.

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UAE signals new energy era with OPEC exit decision

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In a major shift for global energy markets, the UAE has announced plans to exit OPEC and the OPEC+ alliance, effective May 1, 2026.

The move signals a bold step in the UAE’s long-term strategy, as it looks to gain greater control over its production policy and respond more flexibly to changing global demand.

Officials said the decision follows a comprehensive review of the country’s energy capacity and future outlook, with a focus on national interest and the ability to meet market needs more efficiently.

Despite ongoing geopolitical pressures, including supply concerns, global energy demand is expected to remain strong in the years ahead. The UAE says it is positioning itself to meet that demand with a balance of reliability, affordability, and sustainability.

The country, which first joined OPEC in 1967 through Abu Dhabi, has long played a key role in stabilising oil markets. Officials described the exit not as a break, but as an ‘evolution’,  one that allows the UAE to act more independently while still supporting global market stability.

Positioning itself as a reliable energy partner, the UAE said it will continue supplying some of the world’s most cost-competitive and lower-carbon oil, while gradually adjusting production in line with demand.

At the same time, the country is doubling down on investments across the energy spectrum, from oil and gas to renewables and low-carbon technologies, as part of a broader push toward long-term resilience and economic diversification.

Source: WAM

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Crime

UAE issues stark warning on price fixing: ‘It’s a crime’

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Price manipulation isn’t just unfair, it’s illegal in the UAE.

The UAE Public Prosecution has issued a strong warning to businesses, making it clear that inflating or fixing prices crosses the line into criminal activity, not clever strategy.

In a statement shared online, authorities reinforced that the UAE’s free-market system is built on fairness, transparency, and strict legal oversight. Any attempt to distort competition or exploit consumers is taken seriously and can carry legal consequences.

At the centre of this is Federal Decree-Law No. 36 of 2023, which bans monopolistic behaviour, price-fixing agreements, and the misuse of market dominance. The goal: keep markets open, competitive, and fair for everyone.

The Public Prosecution also highlighted its role in cracking down on economic crimes, working closely with other authorities to detect violations and protect consumers.

The message is simple: if you manipulate prices, you’re not just bending the rules — you’re breaking the law.

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