Connect with us

News

UAE is fast-tracking low-carbon economic growth to deliver new jobs, new industries

Published

on

Spread the love

The UAE is fast-tracking low-carbon economic growth to deliver new jobs, new industries and new revenue streams, said Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Special Envoy for Climate Change.

He was speaking at the Middle East and North Africa Climate Week (Menacw2022). Dr Al Jaber explained that the UAE is adopting a comprehensive, balanced and proactive approach to climate action and the energy transition that delivers sustainable economic growth.

“As a young country, and a responsible energy leader, the UAE has always faced the future with a positive mindset, and addressed challenges head-on. This is why we stopped flaring 30 years before the World Bank asked the industry to do so. It’s why we achieved 0.01 per cent methane intensity 20 years before the global pledge asking for a gradual reduction. It’s why we began to capture C02 (carbon dioxide) on an industrial scale before the UNFCCC (United Nations Framework Convention on Climate Change) called it an essential tool for de-carbonisation. And it’s why we became the first hydrocarbon producer to power our operations with zero-carbon energy,” Dr. Al Jaber added.

He pointed out that the UAE was also the first country in the region to sign and ratify the Paris Agreement, the first to commit to an economy-wide reduction in emissions, and the first to announce a Net Zero by 2050 Strategic Initiative. The UAE has chosen to lead in these areas because it views climate challenges “not just as problems to fix, but as opportunities to seize,” he underlined.

While the world mobilises investments for a new energy economy and addresses the climate challenge, Dr. Al Jaber emphasised that recent events have “reminded us that we cannot simply switch off the current energy system”.

“We all need to recognise that the energy transition will take time and require sober, thoughtful planning. It is more evident now than ever before that this cannot be rushed. The push to divest from hydrocarbons has led to a supply crunch that is having the biggest impact on the most exposed. The clear lesson is that we should not adopt climate policies that lead to energy poverty. We need to keep investing in low-cost, low-carbon energy that can provide the baseload power that the world relies on,” said Dr. Al Jaber.

He had reiterated this message during his speech at the Atlantic Council Global Energy Forum held at Expo 2020 Dubai.

On climate finance, he said it can be an effective tool for climate action as he urged the international community to do more and fulfil the $100 billion climate pledge made to developing nations over a decade ago.

“The international community continues to fall short of the $100 billion climate finance pledge they made to developing nations over a decade ago. We need bold targets going forward and we need to start treating climate risks as potential global security risks.

“We have taken a partnership approach focused on projects in countries most exposed to climate risks because we know that local resilience builds global resilience. We have provided over $1 billion in climate aid to more than 40 countries. And our experience tells us that once concessional finance is there, private finance will follow.”

He concluded by extending the UAE’s invitation to governments, the private sector, financial institutions, and civil society to partner on solutions that make sense for our climate and the economy. He said, “We should not have to choose between the two. We can and we must make progress on both.”

The Mena Climate Week aims to accelerate collaboration and integrate climate action into global pandemic recovery. Other dignitaries present at the opening ceremony of this first edition included Mariam bint Mohammed Almheiri, minister of climate change and environment, Saeed Mohammed Al Tayer, Chairman of the World Green Economy Organisation (Wgeo) and MD & CEO of Dubai Electricity and Water Authority (Dewa); and Patricia Espinosa, E
executive secretary of UNFCCC.

Business

Dubai rental trends: Where expats can get the most value

Published

on

Spread the love

Dubai continues to attract professionals, families, and digital nomads seeking long-term apartment rentals, thanks to its strong economy, modern lifestyle, and world-class infrastructure.

However, for newcomers, finding the right apartment that fits both budget and lifestyle can feel overwhelming.

Here are some of the top areas in Dubai for long-term rentals, based on tenant preferences, amenities, and rental trends:

Think luxury

  • Dubai Marina
    Still one of the most in-demand expat hubs, prices vary a lot by tower, view, and furnishing.
    Typical rents:
    Studio: Dh55,000 – 110,000
    1BR: Dh75,000 – 135,000
    2BR: Dh110,000 – 200,000
    3BR: Dh200,000 – 350,000

  • Market note:
    Median rent sits around Dh130,000 across unit types
    Waterfront views and newer towers push prices to the top end.

    Palm Jumeirah (Palm Islands)
    This is a completely different tier—think luxury, beachfront, and limited supply.
    Typical annual rents:
    1BR (apartments): Dh 140,000 – 200,000
    2BR: Dh 250,000 – 350,000
    3BR apartments: Dh 500,000 – 700,000

Best for families with quality living

  • Dubai Hills Estate:
    Green, peaceful, and family-focused. Popular for expat families, with top schools and long-term tenant stability.

Typical rents:

  • 1BR: Dh80,000–120,000
  • 2BR: Dh130,000–190,000
  • Jumeirah Village Circle (JVC):
    Affordable, community-driven living with parks and strong rental yields. Ideal for families seeking quiet suburban life.

Typical rents:

  • Studio: Dh45,000–65,000
  • 1BR: Dh65,000–95,000

Best for professionals and city life

  • Business Bay:
    A central business hub with high demand, perfect for young professionals and entrepreneurs.

Typical rents:

  • Studio: Dh60,000–85,000
  • 1BR: Dh85,000–130,000
  • Downtown Dubai:
    Premium urban lifestyle near offices, dining, and entertainment.
  • 1BR: Dh110,000–180,000
  • 2BR: Dh180,000–280,000
  • Dubai Marina:
    Vibrant waterfront living with high-rise apartments and strong rental appeal.
  • Studio: Dh70,000–95,000
  • 1BR: Dh95,000–140,000

Best for affordable rentals and value

A practical choice for professionals working in tech or nearby zones. Known for quieter living and relatively lower rents.

International City
Remains one of Dubai’s most budget-friendly areas, popular for first-time expats or singles.
Typical rents:

  • Studio: Dh30,000–45,000
  • 1BR: Dh45,000–65,000

Al Barsha
Well-connected (especially via metro) and still offers decent value compared to newer developments.
Typical rents:

  • 1BR: Dh70,000–100,000
  • 2BR: Dh100,000–150,000

Discovery Gardens 

This is firmly in the ‘affordable but spacious’ category. This neighbourhood is popular with expats who want bigger apartments without Marina-level prices.

 Typical annual rents:

  • Studio: Dh 30,000 – 55,000
  • 1BR: Dh45,000 – 72,000
  • 2BR: Dh65,000 – 110,000
  • 3BR: Dh90,000 – 120,000

 Market reality:

  • Average rents sit around Dh 54,000 – 68,000/year, depending on unit type
  • Studios start at Dh 47,000, while 2BR units can go up to Dh 110,000
  • Still one of the best ‘space-for-money’ areas in Dubai, with larger layouts than newer buildings

How it compares 

  • Discovery Gardens: Budget-friendly + bigger units + metro access
  • Cheaper than JVC and much cheaper than Dubai Marina
  • Trade-off: Older buildings + less ‘premium’ feel

For expats prioritising affordability, older central neighbourhoods such as Al Karama, Bur Dubai, and Deira continue to offer relatively lower rents compared to newer communities.

On the fringe

Further savings can be found in areas like Al Qusais, Muhaisnah, and outer residential zones, where rents are more accessible, but often at the cost of longer commute times and fewer modern amenities.

Typical budget range (older areas):

  • Studio: Dh28,000–50,000
  • 1BR: Dh45,000–75,000

Why Dubai is still ideal for long-term rentals

  • Flexible payment options (1–4 cheques or annual upfront)
  • High-quality amenities (gyms, pools, parking in most buildings)
  • Strong, expat-driven rental market
  • Wide mix of luxury, mid-range, and budget communities

How to choose if you’re new to the city

With rising rents, the decision often comes down to trade-offs:

  • Want energy and convenience? – Business Bay, Downtown, Marina
  • Want space and community living? – Dubai Hills, JVC
  • Want affordability? – Silicon Oasis, International City, Deira

In 2026, several residents are compromising on location to gain space or save 15–25% on rent, especially with hybrid work becoming common.

Continue Reading

News

Abu Dhabi: New parking fees, toll gates get renamed

Published

on

Spread the love

Paid parking has officially been rolled out in new sectors of Musaffah, as Q Mobility activates Phase 2 of its smart parking expansion plan.

Under the oversight of the Integrated Transport Centre, part of the Department of Municipalities and Transport, the move aims to ease congestion, improve traffic flow, and streamline urban mobility.

New paid parking zones in Musaffah

Sectors now covered include:

  • M7, M8, M9, M14, M15
  • Over 10,000 parking spaces activated
  • Dedicated bays for People of Determination

Parking fees & easy payment options

  • Standard parking: Dh2 per hour
  • Pay via:
    • Darb
    • TAMM
    • SMS & parking machines

Musaffah, a key industrial and commercial hub, faces heavy daily traffic. The new system is designed to:

  • Reduce parking chaos
  • Improve vehicle movement
  • Support safer roads
  • Enhance business accessibility

Authorities urge drivers to follow parking rules and use official payment channels to avoid fines.

Abu Dhabi renames toll gates

Meanwhile, drivers in Abu Dhabi will now notice clearer, location-based names for toll gates, as authorities rename all four Darb toll system gates to improve navigation across the capital.

The update is part of efforts to simplify road travel and help motorists better identify routes without confusion.

Renamed gates:

  • Al Maqta Toll Gate – on Al Maqta Bridge
  • Rabdan Toll Gate – on Musaffah Bridge
  • Sas Al Nakhl Toll Gate – on Sheikh Zayed Bridge
  • Al Saadiyat Toll Gate – on Sheikh Khalifa Bridge

Continue Reading

Business

Find cheapest groceries in UAE with new price comparison tool

Published

on

Spread the love

In a move set to make everyday shopping easier, the UAE Ministry of Economy and Tourism has introduced a new digital tool that lets residents compare prices of essential goods across major retailers.

Called the Essential Goods Prices Platform, the initiative is designed to boost transparency and help shoppers find the best deals on daily essentials.

What you can check

The platform covers more than 30 essential items in its first phase, including:

  • Cooking oils, rice, sugar, and bread
  • Eggs, dairy products, meat, poultry, and fish
  • Fresh fruits and vegetables

It gives users a clear snapshot of price ranges across supermarkets, making it easier to spot where your money goes further.

How it works

  • Prices are updated daily from major retailers
  • Users can compare minimum and maximum prices
  • Track differences between stores and locations
  • Build a custom shopping basket to find the cheapest option

It’s essentially like having a real-time price comparison tool before you even step into a store.

With the cost of living always a concern, this platform puts more control directly in the hands of consumers.

It helps:

  • Save money on weekly groceries
  • Promote fair competition among retailers
  • Prevent unjustified price increases

By making pricing more transparent, the UAE is aiming to protect consumer spending while keeping the retail market balanced.

This launch builds on ongoing efforts by the UAE Ministry of Economy and Tourism to monitor essential goods and ensure price stability.

Now, instead of that data staying behind the scenes, it’s being shared openly, giving residents the power to make smarter, more informed shopping decisions.


Continue Reading

Popular

© Copyright 2025 HEADLINE. All rights reserved

https://headline.ae/