Dubai has introduced a new legal framework aimed at strengthening social services, protecting vulnerable groups, and enhancing community development across the emirate.
As markets await greater clarity on the direction of US-Iran talks, two constituencies are watching closely - Global investors, where a deal means lower oil prices and renewed momentum, and Dubai's real estate, where restoration of transactional confidence would back normalisation of market activity, said an expert.
Allied World Assurance Company Holdings, a global provider of insurance and reinsurance solutions, has opened a new regional office in Dubai International Financial Centre (DIFC). This local presence will allow Allied World to offer its insurance expertise directly to clients across the Middle East.
Dubai has confirmed that the first phase of Al Maktoum International Airport remains on track for a 2032 opening, with major construction milestones achieved and AED13 billion ($3.5 billion) in contracts underway as preparations advance for future awards worth AED55 billion ($15 billion).
Dubai’s Roads and Transport Authority (RTA) has approved the five-year plan 2026–2030, covering the construction of 31 pedestrian bridges and tunnels across key locations in Dubai.
Azizi Developments, a leading private developer in the UAE, has ranked first among all developers in Dubai by off-plan sales volume in May 2026, registering 1,601 transactions with a total value of AED1.46 billion ($400 million), it claimed.
Dubai's luxury real estate market continued to attract strong investment in May, with developers recording almost AED5 billion ($1.36 billion) in off-plan sales for homes priced above AED5 million.
Dubai Municipality has selected preferred bidders for the first two packages of its AED80 billion ($22 billion) Dubai Strategic Sewerage Tunnels (DSST) project, said a report. The project scope includes construction of deep sewer tunnels linked to treatment units at Warsan and Jebel Ali, as well as laying of 200km of sewer links.
UAE-based AHS Properties has announced that it has entered into a deal with Mismak Asset Management to acquire the 43-floor Shangri-La Hotel in Dubai for AED1.1 billion ($300 million) in one of the largest single-asset real estate transactions recorded in recent history. The 200-m property is located on Sheikh Zayed Road.
McG’s by McGettigan’s Al Barsha, a favourite neighbourhood hangout in Dubai, has launched McG’s Inner Circle, a new membership programme offering a range of exclusive lifestyle benefits and experiences.
