Month: February 2026

Dubai , February 27 , 2026 : Roads and Transport Authority (RTA) has opened a key second-level bridge as part of the World Trade Centre Roundabout Development Project, marking a significant milestone in efforts to enhance traffic flow across the emirate.

The newly inaugurated 1,000-metre bridge comprises two lanes with a design capacity of 3,000 vehicles per hour. It serves traffic from Sheikh Zayed Road to Sheikh Khalifa bin Zayed Street towards Al Karama and Deira, reducing journey time from six minutes to just one minute and easing congestion at the World Trade Centre Roundabout.

His Excellency Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of RTA, described the project as one of the most strategic intersection upgrades in Dubai’s road network.

“The World Trade Centre Roundabout Development Project links Sheikh Zayed Road with five major arterial corridors: Sheikh Khalifa bin Zayed Street, Sheikh Rashid Street, 2nd December Street, Zabeel Palace Street and Al Majlis Street,” Al Tayer said.

He added that construction works are progressing ahead of schedule, with overall completion exceeding 60 per cent and three bridges already open to traffic. Two additional bridges serving traffic from Sheikh Rashid Street and Al Majlis Street towards 2nd December Street are scheduled to open in October.

Upon full completion, the project is expected to reduce average intersection delay from 12 minutes to 90 seconds. It will also enhance traffic flow from Sheikh Zayed Road towards 2nd December Street and from Al Mustaqbal Street towards Sheikh Zayed Road southbound.

The development will provide free-flow traffic movements from 2nd December Street (Jumeirah and Al Satwa) to Al Majlis Street leading to Al Mustaqbal Street, serving key destinations such as the Dubai World Trade Centre and the Dubai International Financial Centre, as well as to Sheikh Rashid Street in the direction of Deira. It will also enable uninterrupted traffic movement from Sheikh Zayed Road towards Sheikh Khalifa bin Zayed Street.

Project Details

The project includes the construction of five bridges with a combined length of 5,000 metres, providing free-flow traffic in multiple directions. In addition to the bridge opened today, two bridges were inaugurated in February to serve traffic from 2nd December Street towards Sheikh Rashid Street and Al Majlis Street leading to Al Mustaqbal Street.

These bridges, comprising two lanes in each direction, extend a total of 2,000 metres and have a combined capacity of approximately 6,000 vehicles per hour. The project also involves converting the existing World Trade Centre Roundabout into a signalised at-grade intersection to enhance traffic operations and improve overall network efficiency.

Serving Half a Million Residents and Visitors

The project serves several major commercial, residential and development areas, most notably the Dubai World Trade Centre, a leading venue for international exhibitions and events for more than four decades, and the Dubai International Financial Centre, a key financial hub for the Middle East, Africa and South Asia.

It also enhances connectivity across Zabeel, Al Satwa, Al Karama, Al Jafiliya and Al Mankhool. The total number of beneficiaries is estimated at more than half a million residents and visitors, reinforcing Dubai’s commitment to building a seamless and efficient transport infrastructure.

Dubai ,February 26, 2026 : Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that 46.9 percent of the multinational companies (MNCs) it attracted to the emirate during 2025 came from Asia.

The Middle East and CIS region ranked second among the list of regions, representing 20.3 percent of the total MNCs attracted to Dubai by the chamber. Europe ranked third with 15.6 percent, followed by the Americas with 12.5 percent, and Africa with 4.7 percent.

Asia also maintained the top position for small and medium-sized enterprises (SMEs), representing 49.8 percent of the total SMEs that Dubai International Chamber successfully attracted to Dubai in 2025.

The Middle East and CIS region ranked in second place, accounting for 19.7 percent, followed by Africa at 12.6 percent, Europe at 10.4 percent, and the Americas making up 7.4 percent of the SMEs attracted.

Dubai International Chamber attracted 64 MNCs to Dubai during 2025 and attracted 309 SMEs in 2025.

Sharjah ,February 26, 2026 : Air Arabia announced the launch of its daily non-stop service connecting Sharjah International Airport with Rome Fiumicino Airport. Commencing on 1st July 2026, the new route will further strengthen the airline’s growing European network and enhance direct connectivity between the UAE and Italy.

The addition of Rome marks another milestone in Air Arabia’s steady European expansion and reinforces its growing presence in Italy. The route will be operated by the Airbus A320neo, one of the latest aircraft added to the carrier’s fleet, offering enhanced fuel efficiency, reduced emissions, and improved cabin comfort.

Adel Al Ali, Group Chief Executive Officer, Air Arabia, said, “We are pleased to further expand our European footprint with the launch of daily flights to Rome, one of the world’s most iconic and culturally significant cities. Expanding our presence in Italy reflects our continued commitment to offering convenient, direct connectivity to key international destinations while delivering reliable, value-driven travel options to our customers.”

“We are pleased to welcome Air Arabia, a new carrier that will connect Rome to the United Arab Emirates,” said Ivan Bassato, Chief Aviation Officer of Aeroporti di Roma. “The new service to Sharjah will further expand and diversify the offering to the Arabian Peninsula, reaffirming the strategic importance of the Roman market and strengthening Fiumicino’s international standing as a Skytrax 5 Star Airport and Best Airport in Europe for the past nine consecutive years, thanks to the quality of the services offered to our passengers.”

With the launch of Rome, Air Arabia now offer daily non-stop flights to both Milan– Bergamo and Rome, reinforcing its commitment to providing affordable and convenient travel options between UAE and Italy while supporting the increasing demand for tourism, business, and trade between both countries.

Dubai , February 26 , 2026 : Dubai’s Roads and Transport Authority (RTA) has commenced the
implementation of a series of rapid traffic solutions across eight
strategic locations across the emirate, as part of a comprehensive
2026 plan involving more than 45 traffic enhancements. The
measures are designed to enhance efficiency of the road network,
improve traffic flow, and elevate safety standards for all road users,
in line with Dubai’s sustained urban and population growth and the
rising vehicle density across the emirate.
The works span several key locations: Emirates Road from Sharjah
towards Wadi Al Amardi Street; Umm Amara Street from Sheikh
Zayed Road towards Al Wasl Street; Jebel Ali–Lehbab Street; the
area between Sama Al Jaddaf and Al Jaddaf Waterfront near Al
Jaddaf Metro Station; Al Na’ayat Street in Al Barsha 1; Al Maktoum
School in Al Satwa; the intersection of Al Ittihad Street and Al Quds
Street; and Sheikh Rashid Street near Grand Hyatt Dubai towards
Bur Dubai.
Upon completion, the projects are expected to deliver measurable
improvements in traffic performance across the targeted locations.
RTA aims to reduce congestion levels and shorten journey times by
15% to 30%, thereby enhancing traffic flow, improving the daily
mobility experience, and strengthening the operational efficiency of
the road network in these vital areas.
The solutions include widening selected streets from one lane to two
lanes, converting roundabouts into signalised intersections,
constructing new links to enhance connectivity between main roads
and adjacent residential and commercial districts, and implementing
at-grade upgrades. The works also include providing additional
parking spaces at schools and key facilities, alongside a
comprehensive package of traffic safety enhancements, supportinga seamless and secure mobility experience for all road users across
the Emirate.
In delivering road upgrades and traffic improvements, RTA applies
three principal criteria. The process begins with continuous
monitoring of road network performance, comprehensive traffic
studies, and detailed data analysis to identify congestion hotspots
and critical points. Traffic control centres provide real-time
monitoring to detect bottlenecks, while field inspection teams
evaluate on-site conditions and recommend suitable solutions. This
integrated methodology ensures tangible improvements in traffic
flow and helps reduce congestion during peak hours.

Dubai , February 26, 2026 : Dubai’s real estate market is entering a new infrastructure-led growth phase, with Dubai Islands and Dubai South widely regarded as the emirate’s next future hotspots. Backed by long-term master planning, government investment, and large-scale connectivity upgrades, both districts are attracting investors seeking early positioning within high-potential corridors.

Recognising the long-term potential of these master-planned corridors, Amirah Developments has strategically aligned its growth strategy with both locations. Through projects such as Bonds Avenue on Dubai Islands and Crown Palace in Dubai South, the developer identified early-stage opportunities within districts supported by infrastructure certainty and projected population growth.

As many as 99 projects are being developed on Dubai Islands – the highest project count region-wise in Dubai. This underscores the region’s investment opportunities, driving both heavyweight and boutiquedevelopers to build properties catering to a diverse clientele, including investors, homebuyers, and future residents.

Amirah highlights the long-term growth potential the region poses, which led to its inaugural launch, Bonds Avenue Residences – an amenity-rich development comprising apartments, triplexes, and penthouses positioned in a master-planned coastal environment with over 21 kilometres of beaches and vibrant urban offerings. The area is currently under development, which means that prices are relatively low compared to mature markets, thereby making it convenient for new buyers and those who want to diversify their investment portfolio to snag properties at cost-effective rates and enjoy higher gains. Bonds Avenue is anticipated for handover by Q1 2027.

Mr. Muhammad Yousuf JafraniFounder and Chairman of Amirah Developments, said, “Dubai Islands stands at the pinnacle of the transformation that Dubai envisions, seamlessly bridging a heritage-rich Old Dubai and a futuristic New Dubai. Once fully developed, the masterplan will drive in an investment flux, leading to population growth and contributing to the economy. Our maiden project, Bonds Avenue Residences, is set for completion in a year’s time. As Dubai Islands progresses into advanced development stages, we can anticipate an increase in the rental yield and capital appreciation of units at Bonds Avenue.”

On the other hand, Dubai South represents one of the most ambitious urban developments in the region. Planned to accommodate up to one million residents upon full completion, the district integrates residential neighbourhoods, logistics hubs, commercial districts, and aviation infrastructure within a unified ecosystem. Central to this transformation is Al Maktoum International Airport, currently undergoing phased expansion to become the world’s largest airport with a projected long-term capacity of up to 260 million passengers annually.

The aerotropolis model surrounding the airport is expected to attract global aviation, logistics, trade, and technology industries, generating significant employment opportunities across multiple sectors. As industries cluster around the airport expansion, demand for residential communities in Dubai South is anticipated to accelerate, reinforcing its position as both an employment and housing hub.

Demand has resulted in 94 launches across the aerotropolis, with Amirah contributing its latest projectCrown Palace. It is a low-rise structure that draws inspiration from classical European architecture. The project blends the timeless appeal of grand arches and balconies with state-of-the-art facilities installed within every residence.

“The return on investment at Dubai South stands at a strong eight percent, while capital appreciation has soared to 20 percent. These figures reinforce the massive potential the area serves, buoyed by advanced infrastructure, job opportunities, and rising population. From the current 145,000, the region is expected to host over a million residents by 2040 – a considerable chunk of Dubai’s overall estimate of 7.8 million. This projection makes it crucial to develop enough housing options, thereby creating lucrative investment opportunities,” Mr. Jafrani added.

Market analysts note that infrastructure-driven districts typically witness sustained capital appreciation as transport networks, commercial ecosystems, and lifestyle amenities mature. In parallel, Dubai Islands is expected to benefit from increasing tourism activity, hospitality launches, and waterfront retail activation, strengthening both end-user and short-term rental demand.

By positioning its developments within emerging, government-backed growth zones, Amirah Developments reflects a forward-looking approach centred on connectivity, urban planning alignment, and sustainable value creation. As Dubai advances into its next real estate cycle, Dubai Islands and Dubai South are increasingly viewed not only as current investment destinations, but as the city’s defining future hotspots for smart capital.

Dubai , February 25 , 2026 : Nisus Finance Services Company Limited (NIFCO) has announced the acquisition of Paradise View 1, a residential building in the Majan mixed-use community, foran investment outlay of AED 101.1 million.

The transaction is part of Nisus Finance’s planned US$1 billion fund deployment strategy in partnership with global institutional funds and family offices, dedicated to the UAE real estate market. The Nisus High Yield Growth Fund is a DIFC-registered Property Fund and Qualified Investor Fund, established as an incorporated cell of Gateway ICC Limited under the laws of the Dubai International Financial Centre. This announcement comes just two months after Nisus Finance acquired Lootah Avenue at Dubai Motor City for AED 220.76 million in December 2025.

Commenting on the investment, Dr. Amit Goenka, Chairman & Managing Director, Nisus Finance, said: “Majan represents a compelling opportunity within Dubai’s evolving residential landscape. The investment is anchored by a Grade A, newly developed asset, fully occupied with a strong tenant profile and attractive rental yields, and offering uninterrupted views facing Al Barari. Featuring modern amenities and a well-balanced mix of studio, one- and two-bedroom residences, the project reflects disciplined asset selection and structured execution. It further underscores growing institutional confidence in the UAE real estate market and Nisus Finance’s commitment to robust governance under the DIFC regulatory framework.

The fund continues to attract leading institutional fund managers, family offices, and UHNI investors across GCC and India, further expanding its international capital base.”

This marks Nisus Finance’s fourth investment under its fund for property investment and comes amid Dubai real estate’s historic milestone in 2025, when total transactions exceeded AED 917 billion (US$250 billion) across 3.11 million deals, representing a 7 percent increase in volume. Investments reached over Dh680 billion, driven by a 24 percent rise in the number of investors to 193,100, according to the Dubai Land Department.

Majan is a mixed-use community in Dubai Land, covering approximately 1.45 square kilometres and strategically positioned along Sheikh Mohammed Bin Zayed Road with convenient access to Downtown Dubai, Business Bay, and Dubai International Airport. Planned as a self-contained urban hub, Majan balances residential, commercial, retail, and leisure components, with around 32 percent of land allocated to residential use, 44 percent to retail and commercial activities, and 24 percent to leisure and cultural facilities, creating a well-rounded community structure.

The built environment is dominated by mid-rise apartment complexes that offer affordable housing with modern amenities, appealing to families and working professionals seeking value and connectivity. Competitive rental rates, together with proximity to nearby schools, supermarkets, healthcare facilities, and retail outlets, have supported a steady increase in occupancy and end-user appeal, with multiple projects completed and additional schemes under development.

A growing pipeline of commercial and leisure establishments is gradually shaping Majan into a more vibrant, activation-led community. The master plan includes landscaped public spaces, cultural attractions, and retail promenades, which are expected to enhance footfall, livability, and dwell time as the area matures. The combination of affordability, strategic connectivity, and ongoing development positions Majan as an emerging micro-market with long-term growth potential for both residents and investors.

Mr. Amit Kumar Jhunjhunwala, Director & Chief Investment Officer added “This investment marks the fourth residential real estate deployment in the UAE, further strengthening our presence in the country and taking the total investment outlay to USD 145 Million by the Nisus High Yield Growth Fund within a remarkably short timeframe. This milestone reflects not only disciplined capital allocation and strong on-ground execution, but also the deep trust placed by our investors and stakeholders in our high-yield growth strategy. Our continued momentum underscores the fund’s ability to identify scalable opportunities and consistently deliver value in high-growth markets.”

Nisus Finance leverages a decade of experience, utilising local market expertise and proprietary data to capitalise on emerging trends and consistently deliver superior risk-adjusted returns.

Specialising in urban infrastructure financing and private capital market transactions, Nisus Finance along with its subsidiaries and associates, focuses on two main areas: Fund & Asset Management and Transaction Advisory Services. With over a decade of experience in India, Nisus manages INR 15.72billion in assets for FY 2025, delivering a gross IRR of more than 19 percent.

Ney York, February 24, 2026 :Gold prices fell from a more than three-week high on Tuesday, with spot gold declining 1.5 percent to $5,150.38 per ounce by 01:25 GMT after hitting a more than three-week high earlier in the day. US gold futures for April delivery were down 1.1 percent at $5,170.70.

Spot silver fell 3.1 percent to $85.50 per ounce, after hitting a more than two-week high on Monday.

Spot platinum lost 2.9 percent to $2,092.31 per ounce, while palladium shed 2.1 percent at $1,706.50.

Kuwait , February 24 , 2026 : The State of Kuwait is celebrating its 65th National Day this year, marking the occasion after a landmark development year in 2025 that reflected the vision of His Highness Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, Emir of Kuwait, to build a prosperous nation advancing steadily toward the future.

Kuwait’s progress has been underpinned by a solid economic foundation, humanitarian and diplomatic leadership, and a growing international standing.

The publication “State of Kuwait: Deep-Rooted Foundations and Steps Toward the Future,” issued by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf, highlights Kuwait’s achievement of significant financial and investment surpluses, supported by sovereign wealth fund assets exceeding $1 trillion and banking sector assets surpassing 100 billion Kuwaiti dinars.

The figures underscore the resilience of the financial system and sustained international confidence in the national economy.

The report notes that the Kuwait Stock Exchange posted gains of more than 9.6 billion dinars, reinforcing investor confidence and the country’s investment appeal. Kuwait also ranked 19th globally in the National Brand Value Index, with national brand value equivalent to around 9 percent of GDP — among the highest ratios worldwide.

In innovation, Kuwait placed among the world’s top 10 in the Global Innovation Index (GII 2025), supported by advances in digital infrastructure and progress across key pillars, including 5G technologies, mobile internet speed, government digitalisation, and digital workforce efficiency. The country’s sovereign credit ratings remained in the high category with a stable outlook, further strengthening its global economic standing.

In 2025, Kuwait recorded several notable milestones, including performing the longest-distance transcontinental robotic surgery, achieving the highest daily gas production rate in 90 years at the Jaza Offshore Field, and announcing major archaeological discoveries on Failaka Island. Progress was also reported in civil aviation safety standards and in the development of public health laboratories in line with international benchmarks.

Kuwait continued to reinforce its role as a global humanitarian hub, maintaining its long-standing engagement in international relief efforts. Diplomatically, it registered its first United Nations resolution under its name in fields related to innovation, marking a further step in its international engagement.

The country also marked 45 years as a cornerstone member of the Gulf Cooperation Council, having hosted eight GCC summits that contributed to economic and regulatory integration, including steps toward the GCC common market, financial market coordination, unified environmental and logistics systems, and broader Arab economic cooperation.

Sharjah , February 24, 2026 : Sharjah will participate in ITB Berlin 2026—the world’s largest trade event specialising in the travel and tourism sector—taking place from 3rd to 5th March 2026.

The participation will be under the umbrella of the Sharjah Pavilion. The delegation, alongside the Sharjah Commerce and Tourism Development Authority (SCTDA), includes 20 entities from the emirate’s public and private sectors.

During the exhibition, the delegation will highlight tourism and development projects aimed at supporting sector growth and increasing its contribution to the economy. Sharjah will also promote its range of tourism offerings across the city, Central Region and Eastern Region.

The participation also highlights Sharjah’s integrated cultural ecosystem, which includes various specialised museums, nature reserves, archaeological and historical sites, forts and castles, as well as destinations and sites listed under UNESCO heritage. In addition, Sharjah’s distinctive beaches and waterfronts—key attractions for visitors—reflect the diversity of the emirate’s tourism experience.

The participation also underscores the variety of hotel accommodation experiences that distinguish the emirate.

Khalid Jasim Al Midfa, Chairman of the Sharjah Commerce and Tourism Development Authority, said participation in ITB Berlin forms part of efforts to strengthen Sharjah’s presence in international markets and expand partnerships, particularly in Europe.

Al Midfa added, “This participation is of particular importance given the status of the European market as one of the main tourism source markets, including the German market, which has shown growing interest in cultural and eco-tourism and authentic experiences—an alignment with the assets and strengths of Sharjah.”

Sharjah’s participation in ITB Berlin aims to strengthen its presence on the international tourism scene and to highlight the diversity of its tourism products and its cultural and natural assets and distinctive tourism experiences.

Through this participation, the emirate seeks to consolidate its position as a leading destination for family and leisure tourism, and explore opportunities for cooperation and partnerships with European markets—particularly the German market—given that it is among the key tourist source markets.

Sharjah has seen growth in European visitors in recent years, with their share of total hotel guests rising to 20 percent in 2025 from 16 percent in 2024. The emirate aims to build on this momentum and further increase visitor numbers.

Dubai , February 24 , 2026 : Zabadani Real Estate, a pioneer in the UAE’s land and property sector, has announced the closure of six land transactions in 2025 with a combined value of Dh3 billion (US$817.43 million), marking a sharp increase from four deals worth Dh1.2 billion (US$327 million) in 2024.

Among the most significant transactions was the sale of a prime land plot in Motor City valued at Dh700 million (US$190.73 million), underscoring continued investor appetite for strategically located development sites across the emirate.

The strong performance reflects both Zabadani’s leadership in Dubai’s land trading market and the sustained appreciation of land values, which continues to drive broader economic growth in the emirate.

Landmark Transaction in Al Jadaf

According to Anil Gehani, Founder and Managing Director of Zabadani Real Estate, the evolution of Dubai’s land market over the past 25 years has been transformative.

“The land trading business has come a long way since the introduction of freehold property ownership in 2002, which triggered a significant surge in land prices,” Gehani said.

“In 2025, we closed a landmark transaction in Al Jadaf at approximately Dh1,700 per square foot, with a total land value of around Dh330 million — without freehold conversion. This distinction is critical.

“The pricing reflects pure land value, not enhanced by ownership restructuring or speculative entitlement upside. It places Al Jadaf firmly in the same valuation conversation as more established central Dubai districts and underscores how land in the UAE is now priced on development potential, planning certainty and long-term capital preservation.”

Dubai Land Market on Strong Growth Trajectory

Zabadani’s transactions form part of a broader surge in Dubai’s land market. According to the Dubai Land Department, 4,466 land plots worth Dh128.5 billion were sold in 2025, representing a 10.4 percent year-on-year increase.

A recent report titled Beyond the Skyline: Dubai’s Land Market Transformation Story by Jones Lang LaSalle (JLL) highlights the scale of this transformation. Land transaction values jumped 403.6 percent between 2019 and 2024 — rising from Dh13.7 billion to Dh68.8 billion — while transaction volumes nearly tripled from 691 to 1,991 deals, marking a 188.1 percent increase.

The upward momentum extended into 2025, with Dh43 billion worth of land transactions recorded in the first half alone, reflecting a 42.9 percent year-on-year increase.

JLL attributes Dubai’s land market surge to a significant demographic shift driven primarily by expatriate migration and an influx of high-net-worth individuals relocating to the emirate.

“What makes this story unique is not just the scale of growth, but the quality of migration driving it,” JLL stated in the report. “This migration pattern represents a fundamental shift in global wealth flows, accelerated by Dubai’s strategic positioning as a regional business hub, favourable tax environment and enhanced quality of life offerings.”

Infrastructure Spending Fuels Appreciation

Dubai’s strategic urban planning and infrastructure investment have further reinforced land value growth. The Government of Dubai allocated Dh39 billion (US$10.6 billion) — 46 percent of its 2025 budget — to infrastructure and construction projects, demonstrating its commitment to land development, property expansion and the creation of new communities.

JLL noted that newly announced development zones typically witness rapid price escalation, sometimes even before construction begins, while established central districts maintain premium valuations due to limited supply and high population density. Areas such as Dubai Creek Harbour have experienced land value appreciation of up to 81.4 percent following launch announcements.

Outlook: Continued Demand for Land Assets

Gehani remains optimistic about the outlook for land investments.

“As more wealthy individuals — businessmen, start-ups, fintech entrepreneurs and retirees — move into the city, land prices will continue to grow. The migration of the world’s millionaires will keep demand for properties and land high. This is why investment in land parcels will remain lucrative from a return on investment perspective,” he said.

Founded in 1990 by Anil Gehani, Zabadani Real Estate has evolved from a traditional retail brokerage into a specialised advisory firm focused on land trading, investment advisory, redevelopment and project management across residential, commercial, hospitality and industrial assets.

Over the past three decades, the firm has built a reputation for handling high-value negotiations and strategic land transactions. It was featured in Forbes Middle East’s Top Ten Real Estate Consultancies for two consecutive years in 2016 and 2017, cementing its standing as one of the region’s most trusted real estate advisory firms.