Connect with us

Business

UK’s wealthiest Indian and Hinduja patriarch dies at 87

Published

on

Spread the love

Srichand Hinduja, the Indian-born billionaire leader of a global business empire and the patriarch of Britain’s wealthiest family, has died aged 87. He was battling a form of dementia and was unwell for some time.

Hinduja and his younger brother Gopichand, 83, topped The Sunday Times Rich List in 2022 for a fourth time, with an estimated net worth of 28.5 billion pounds (AED 130.6 billion).

“It is with deep sadness that we announce the passing of our father SP Hinduja,” his children Shanu and Vinoo Hinduja said in a statement.

“SP was a visionary titan of industry and business, humanitarian and philanthropist … He touched countless lives on his path, and we are forever grateful for the time we cherished with him.”

 

The Hinduja Group operates in various sectors such as truck-making, banking, chemicals, power, media, and healthcare, employing over 150,000 people in 38 countries, according to a Bloomberg report in 2021.

SP Hinduja was married to Madhu and had three children: Shanu, Vinoo, and Dharam (who passed away in 1992).
Known as a leading Non-Resident Indian (NRI) businessman, Hinduja played a pivotal role in conceptualising IndusInd Bank, one of India’s first new-generation private banks.

According to the Bloomberg Billionaires Index, SP Hinduja had an estimated net worth of about $3.6 billion.

In 2022, SP Hinduja and his younger brother Gopichand topped The Sunday Times Rich List for the fourth time, with an estimated net worth of £28.5 billion ($36 billion).

– Agencies

Real estate

BCD Global launches first Dubai project in Warsan as Dubai’s residential market eyes strong 2026 growth

Published

on

Spread the love

BCD Global has officially broken ground on its first Dubai project in the fast-growing Warsan district, right as the city’s residential market gears up for a strong 2026.

This freehold development brings one- and two-bedroom homes designed for mid-market buyers and long-term investors, built with durability, compliance, and sustained value in mind.

“Breaking ground is a moment of accountability,” said Chairman Dr. Angad Singh Bedi, as BCD Global begins construction backed by a zero-debt, vertically integrated platform and a legacy of delivering 155+ million sq ft across 7 countries.

“With this project, the focus is on durability, in design, in compliance and in value creation over time,” he added.

Dubai’s property story continues to impress
• Dh917 billion in transactions in 2025 (+20% YoY)
• Prices around Dh1,597/sq ft
• Rental yields holding strong at 6-8%, outperforming many global markets

As Dubai becomes BCD Global’s Middle East HQ, the focus is clear: Freehold ownership, full RERA compliance, and homes built for long-term rental demand, not short-term speculation.

“Dubai remains one of the few global cities where residential real estate still offers a compelling combination of yield, transparency and long-term growth,” said Amit Puri, CEO of the 70-year-old legacy Indian company that announced its formal entry into the Middle East, naming Dubai as its regional headquarters at the start of the year. 

“This project has been structured to align with that reality, freehold ownership, full regulatory compliance and a product designed for sustained rental demand rather than short-term speculation.”

With nearly 300,000 new homes expected by 2028 and rental demand projected to stay resilient in 2026, this project marks the first step in a broader pipeline targeting Dh300 million in revenue by Q1 2026, starting with its first project in Warsan.


Continue Reading

News

Dubai launches District IO: A futuristic hub for AI, smart mobility, and emerging tech

Published

on

Spread the love

Dubai has just unveiled District IO, a bold new development in Dubai Silicon Oasis aimed at becoming a global cutting-edge hub for AI, smart mobility, quantum computing, and transformative technologies. Launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the project is expected to boost the UAE’s GDP by Dh103 billion and generate over 70,000 jobs across the next 10 years.

Sheikh Mohammed shared on social media that the project is expected to contribute more than AED103 billion to the UAE’s GDP over the next 10 years, creating over 70,000 direct and indirect jobs and attracting up to Dh30 billion in foreign investment by 2036.

“We will not stop, and we will not look back because the one who looks back does not reach,” Sheikh Mohammed said, emphasising Dubai’s mission to remain an open platform for talent, creativity, and future technologies.

What to Expect from District IO

  • Businesses & Talent: Space for 6,500 companies and 75,000 specialised talents
  • Investments: AED11 billion in two phases (2026–2027)
  • Buildings & Facilities: 25 LEED-compliant buildings (18 commercial, 4 residential), plus hospitality amenities
  • Location: Near the Dubai Metro Blue Line in Dubai Silicon Oasis

District IO is part of the broader Dubai Silicon Oasis expansion, which includes the Block 14 residential and lifestyle district (Dh1.8 billion investment), aligned with the Dubai 2040 Urban Master Plan and the city’s Transit-Oriented Development (TOD) model. Block 14 is expected to be completed in 2029.

Sheikh Mohammed’s Tour Highlights

On the sidelines of the launch, Sheikh Mohammed also visited key projects in Dubai Silicon Oasis:

  • Fakeeh University Hospital: Reviewed advanced medical services and patient-centric systems
  • Rochester Institute of Technology Dubai: Briefed on the Middle East’s first drone delivery network, integrating robotics and autonomous systems

With District IO and these associated projects, Dubai continues to cement its position as one of the world’s most future-ready cities, blending innovation, investment, and lifestyle like never before.


Continue Reading

Business

How Dubai is helping residents buy their first home in just 6 months

Published

on

Spread the love

Dubai is stepping up for first-time home buyers, with a government-backed programme already helping more than 2,000 residents own their first home in just six months, and generating over Dh3.25 billion in property sales.

According to the Dubai Land Department (DLD), the First-Time Home Buyer (FTHB) Programme, launched in July 2025, is designed to remove long-standing barriers to home ownership by offering residents priority access to new launches, preferential pricing, and tailored mortgage solutions.

The initiative brings together government entities, developers, and banks to make buying a first home more achievable, regardless of nationality or income level.

The Programme supports the emirate’s long-term growth strategy by strengthening community roots, boosting talent retention, and reinforcing Dubai’s appeal as a global place to live and invest.

New property buyers:

  • Over 41,000 residents registered
  • 49% of buyers lived in Dubai for over five years before owning a home
  • Strong uptake across all five participating banks
  • Transactions completed across multiple developers

Officials say the Programme is successfully converting long-standing rental demand into real ownership, helping residents put down permanent roots.

Hadi Badri, CEO of the Dubai Economic Development Corporation, said the initiative reflects Dubai’s “spirit of partnership,” turning home ownership into a reality while strengthening investor confidence and accelerating economic growth.

Meanwhile, DLD confirmed that Dubai’s real estate sector continues its strong momentum in 2025, with Dh917 billion in total transactions, driven in part by initiatives like the FTHB Programme that simplify the buying journey and build trust in the market.

With more developers and partners set to join, the Programme is expected to expand further,  offering buyers more choice.

Continue Reading

Popular

© Copyright 2025 HEADLINE. All rights reserved

https://headline.ae/