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Salik PJSC has announced two new toll gates in Dubai, located at :

• Business Bay Crossing on Al Khail Road
• Al Safa South on Sheikh Zayed Road, will be operational from November 24.

This addition will raise the total number of Salik toll gates in the city from eight to ten.

The new tolls aim to ease traffic congestion by up to 16 percent. 

Specifically, the Business Bay Crossing gate is expected to lower traffic by 12-15 percent on Al Khail Road and by 10-16 percent on Al Rabat Street. 

The Al Safa South gate will help reduce right-turn traffic volume by 15 percent from Sheikh Zayed Road onto Meydan Street and improve overall flow between Financial Center Street and Meydan Street. 

The adjustments are also intended to redirect traffic towards First Al Khail Street and Al Asayel Street.

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Source:https://www.khaleejtimes.com/uae/transport/dubai-salik-announces-2-new-toll-gates-to-be-operational-from-november-24

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The Middle East construction market has reached a record high, with the project pipeline valued at over $3.9 trillion in 2024. This growth is largely driven by rapid development activities in major markets such as Saudi Arabia, the UAE, Oman, Qatar, and Egypt. According to a recent report by Jones Lang LaSalle (JLL), the UAE's construction project pipeline alone has reached $590 billion, representing 15% of the region’s total. Key sectors include residential projects, valued at $125 billion (21%), and mixed-use projects, which make up $232 billion (39%).

The UAE saw substantial growth in project awards, reaching $87 billion in 2023 compared to $31 billion in 2022, highlighting the nation’s ongoing focus on economic diversification and attracting investment. Meanwhile, the Gulf Cooperation Council (GCC) region holds an extensive projects pipeline of over $2.7 trillion, with Saudi Arabia accounting for $1.5 trillion, according to the Middle East Economic Digest (MEED).

This surge reflects the Middle East's commitment to expanding infrastructure and real estate, with countries competing to launch large-scale, transformative projects. The increasing number of projects is reshaping the region, catering to growing population needs and diversifying the economic landscape through extensive construction initiatives in residential, commercial, and mixed-use developments.

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Source:https://www.khaleejtimes.com/business/middle-east-project-pipeline-value-exceeds-3-9-trillion-in-2024

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The UAE’s Golden Visa program offers a pathway to long-term residency for talented professionals, investors, and individuals across fields like science, sports, and culture. 

Key benefits include multiple entry permits, extended residency, tax-free income, and the ability to sponsor dependents without needing a local sponsor. The program is particularly appealing for entrepreneurs and investors, as it facilitates business activities in the UAE.

Professionals, particularly those in high-demand fields, are eligible if they hold a valid employment contract in a high-ranking job (classified as Level 1 or 2 by the Ministry of Human Resources) and earn at least Dh30,000 monthly. 

Requirements for these applicants include attested degrees, bank statements showing monthly salary deposits, a No Objection Certificate from their employer, health insurance, and a Golden Visa nomination letter from relevant UAE authorities.

Applications can be submitted via the GDRFA portal in Dubai, ICP website, or approved service centers. Fees vary depending on the method and length of residency. For specific categories, such as athletes or digital talent, a nomination letter from corresponding authorities (like the Dubai Sports Council) is essential for eligibility.

Beyond professionals, the Golden Visa targets investors, entrepreneurs, and even top students, PhD holders, doctors, engineers, and private sector educators who have demonstrated exceptional contributions. Dubai’s additional “Gaming Visa” also aims to attract top-tier gaming industry professionals globally, emphasizing the UAE’s commitment to innovation and talent attraction. 

Overall, the UAE’s Golden Visa program supports the country’s goal of positioning itself as a global hub by offering a secure and appealing living environment, competitive benefits, and residency incentives for highly skilled individuals and investors.

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Dubai’s Roads and Transport Authority (RTA) announced the construction of five new bridges over the Trade Centre Roundabout to improve traffic flow, especially for residents in communities such as DWTC, DIFC, Zabeel, Al Satwa, Karama, Jafiliya, and Mankhool. 

These bridges, covering over 5,000 meters, will connect Sheikh Zayed Road with key streets like Sheikh Khalifa bin Zayed Street, Sheikh Rashid Street, 2nd December Street, Zabeel Palace Street, and Al Mustaqbal Street.

The project, valued at Dh696.414 million, aims to double the intersection’s capacity, reducing delays from 12 minutes to just 90 seconds and cutting travel time between Sheikh Zayed Road and Sheikh Khalifa bin Zayed Street from six minutes to one. 

These changes will create a free-flowing connection for traffic from 2nd December Street to Al Majles Street and from Sheikh Rashid Street to Deira, while enhancing the flow on the upper-level bridge from Sheikh Zayed Road to Sheikh Khalifa bin Zayed Street.

The initiative is part of a larger development plan that includes the Al Mustaqbal Street Development Project, set to be awarded in November. The new bridges, expected to support over half a million residents, include: 

• a two-lane bridge from Sheikh Zayed Road to Sheikh Khalifa bin Zayed Street with a capacity of 3,000 vehicles per hour, 
• two two-lane bridges linking Sheikh Rashid Street with 2nd December Street with a 6,000 vehicle per hour capacity,
• two more two-lane bridges from Al Majles Street to 2nd December Street, also with a capacity of 6,000 vehicles per hour.

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Source: https://www.khaleejtimes.com/uae/transport/dubai-5-new-bridges-over-trade-centre-roundabout-to-bring-travel-time-down-to-1-minute

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Source: https://www.khaleejtimes.com/uae/uae-fines-totalling-dh855000-imposed-on-violating-telemarketers

The UAE has imposed fines totaling Dh855,000 on individuals for breaching telemarketing rules, aiming to shield residents from spam and intrusive calls. 

The Telecommunications and Digital Government Regulatory Authority announced that it issued these fines to enforce Cabinet Resolutions No. 56 and 57 of 2024, which introduced stricter regulations in August.

According to the new law, anyone found using a phone number registered under their name for unauthorized marketing calls will face a Dh5,000 fine.

Additionally, all phone numbers—fixed or mobile—registered under the violator’s name will be temporarily disconnected until the fine is cleared. 

These measures are intended to deter deceptive telemarketing practices and create a safer, more controlled communication environment for UAE residents.

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In September, the Dubai real estate market experienced a record-breaking surge in sales transactions and a significant jump in mortgage activity. Property price appreciation has returned to a more moderate pace, and off-plan project launches continue to rise, further fueling market momentum.

Record-High Sales Transactions

September saw a remarkable 11.7% increase in the total volume of sales transactions, with 18,038 deals recorded—making it not only the highest September on record but also the highest volume in any month overall. With three months remaining in the year, the market is on track for a nearly 30% year-on-year increase in sales.

This growth reflects more than just a post-pandemic recovery; it underscores the unique resilience and dynamic nature of the UAE real estate market. The ongoing commitment of the Dubai governments, with their strategic plans, initiatives, and proactive market evolution, continues to drive growth.

Off-Plan Market Surges

Off-plan project launches remain strong, with sales absorption maintaining a rapid pace. This has pushed off-plan properties to account for over 72% of the market share. Developers and investors alike are capitalizing on the growing demand for new, under-construction properties, which continues to buoy market activity.

Moderate Price Appreciation

Property price appreciation returned to a more moderate pace in September, rising 1.14% month-on-month. As the market enters the final quarter of the year, expectations are that Dubai’s property market will sustain its positive momentum, driven by steady price growth and strong transaction volumes.

However, it’s essential that monthly price appreciation remains moderate—ideally within the 1% range or lower. Any sustained price increase above 2% could signal the risk of market overheating, which would need to be carefully managed to avoid potential volatility.

Mortgage Transactions Jump Amid Lower Interest Rates

In parallel with the rise in sales, mortgage transactions saw a 16.6% increase in September, driven by lower interest rates. As borrowing costs ease, the demand for ready properties is expected to grow, especially among buyers seeking to finance their purchases.

However, sellers of ready properties should be cautious about pushing aggressive pricing strategies. Overpricing could deter buyers, thus diminishing the opportunity to take advantage of the current uptick in demand.

Outlook for Q4

As the Dubai real estate market enters the final quarter of the year, the outlook remains positive. Both steady price growth and robust transaction volumes are expected to persist, further solidifying Dubai’s status as one of the world’s most attractive property markets.

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The International Monetary Fund (IMF) has raised the UAE's GDP growth forecast to 5.1% for 2025, an increase from its previous 4.2% projection. 

This revision follows strong non-oil sector growth and stable crude prices. In May, the IMF also boosted its 2024 forecast for the UAE, now expecting 4% growth this year, up from 3.5%. 

Key drivers of the UAE's robust economic performance include thriving tourism, construction, manufacturing, and financial services sectors, as well as increased foreign demand for real estate. 

The country's safe-haven status and rising housing prices have further boosted domestic liquidity.

The UAE's non-oil sectors, particularly real estate, travel, and trade, have surged post-COVID-19, driving job creation and economic activity. 

The UAE Cabinet has approved a record federal budget of Dh71.5 billion for 2025, supported by increased oil revenues and new corporate taxes. 

The UAE aims to grow by 7% annually to double its GDP to Dh3 trillion by 2030.

Source: https://www.khaleejtimes.com/business/imf-hikes-uaes-gdp-growth-forecast-to-5-1-for-2025

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Dubai Customs is launching a new digital platform, dubbed the "Airbnb of warehouses," allowing UAE warehouse owners to list their properties for lease. The platform, showcased at Gitex Global 2024, aims to simplify leasing processes by providing a centralized system where owners can register and lease various types of warehouses, including dry and air-conditioned facilities. Users will be able to filter options by size, location, type, and lease duration, easing the search for storage space amid rising demand.

Dubai has been experiencing a shortage of warehouses, with supply significantly lagging behind demand. In 2023, only 1.56 million square feet of new warehouse space was under construction, while the emirate recorded 9.9 million square feet of new requirements in the first nine months. This has led to increased reliance on secondary stock and a surge in rental rates, especially in areas like Jebel Ali Industrial, where prices rose by 38.5% in 2024.

The platform, which uses blockchain for security, allows owners of bonded and non-bonded warehouses, both inside and outside free zones, to list properties for a fee. It also includes customs-bonded warehouses where goods can be stored under suspended customs duties, offering benefits like reduced costs and expedited clearance procedures. This innovative platform is expected to attract numerous warehouse owners looking to monetize unused storage spaces.

Source: https://www.khaleejtimes.com/business/dubai-to-launch-airbnb-of-warehouses-where-owners-can-list-properties-for-lease

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Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince, has approved the master plan for the Saih Al Salam Scenic Route and various projects aimed at developing Dubai’s countryside and rural areas. 

The initiatives focus on providing advanced facilities and services to enhance the experiences of both residents and tourists. 

The scenic route plan involves five tourist stations and will expand cycling tracks to 156.61 kilometers. Key stations include the Main Hub near Al Qudra Lakes with local markets and luxury camping, the Wildlife Station offering hot air balloon rides and kayak tours, and the Adventure Station near Expo Lake featuring fitness trails and an adventure park.

Additionally, Sheikh Hamdan approved 37 projects, costing approximately Dh390 million, to be completed between 2024 and 2028. These include the construction of nurseries, parks, healthcare centers, and social facilities across rural areas. Traffic improvements and enhanced transportation networks are also part of the plan. 

The developments aim to improve quality of life, promote tourism, and reinforce Dubai's global status as an attractive place to live and visit. The initiatives align with the vision of Sheikh Mohammed bin Rashid Al Maktoum to transform Dubai’s rural areas into world-class destinations. Events such as the Al Marmoom Festival, camel races, and cycling races will be organized to further attract visitors.

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Source: https://www.khaleejtimes.com/uae/dubai-sheikh-hamdan-approves-new-scenic-route-projects-to-develop-countryside-rural-areas

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Etihad Rail has announced that the new passenger rail service will reduce travel times significantly across the UAE. A trip from Abu Dhabi to Dubai will take 57 minutes, and from Abu Dhabi to Fujairah, 105 minutes.

A journey from Abu Dhabi to Al Ruwais will take 70 minutes. The service is expected to boost commuting, tourism, and trade by linking 11 cities, including Dubai, Sharjah, and Fujairah, with trains traveling at up to 200 km/h, carrying up to 400 passengers.

Stations will be integrated with local transport networks, offering connections to taxis and ride-hailing services. The trains will feature Wi-Fi, entertainment systems, and onboard food and drink. Etihad Rail estimates that by 2030, 36 million people will use the service annually.

The first passenger station will be in Fujairah, with future stations planned in Sharjah and other cities. A luxury train service was also unveiled, expected to run from Fujairah to the Liwa desert in Abu Dhabi.

Etihad Rail’s freight network is already operational, and the UAE is collaborating with Oman to develop a rail link between the two countries. The joint project, Hafeet Rail, secured $1.5 billion in funding, supported by international and regional banks. The project also includes contracts issued to China Railway International Group for the construction of stations in Dubai and Abu Dhabi.

Source: https://www.thenationalnews.com/news/uae/2024/10/15/etihad-rail-journey-times/