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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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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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