Drake & Scull International, in a strategic partnership with luxury developer Prestige One Developments, has officially started work on the Majan Project. Located in one of Dubai's fastest-growing districts, the Majan Project is set for completion in the first quarter of 2028.
Majid Al Futtaim, a leading mall developer and leisure pioneer in the region, has awarded the main construction contract worth over AED700 million ($191 million) for its prime residential community in Dubai - Distrikt Ghaf Woods - to Al Sahel Contracting, a part of the Al Nabooda Group.
Sarwa, one of the GCC’s leading investment and personal finance platforms, has announced that it has crossed $1 billion in client assets, becoming the first UAE-founded FinTech platform to reach this milestone. Founded in the DIFC, Sarwa was an early mover shaping the region’s FinTech sector.
RateGain, an AI travel SaaS provider, reports Dubai hotel demand is recovering after a sharp March–May decline. Levels have risen from 7%–14% and are expected to stabilise, reaching 20%–30% of pre-disruption demand by summer.
Dubai’s real estate market recorded a sharp month-on-month recovery in April, with total registered transaction value rising 20% to AED68.6 billion ($18.7 billion), said a report. The rebound marks the first decisive recovery following a temporary slowdown in February linked to the regional geopolitical uncertainty.
Dubai’s real estate market recorded a sharp month-on-month recovery in April 2026, with total registered transaction value rising 20% to AED68.6 billion ($16.68 billion), according to a new analytical report published by Elite Merit Real Estate.
Dubai is hosting the Dubai Esports & Games Festival (DEF) 2026 from May 22 to June 7, positioning gaming as fast-growing industry and a platform for developing real-world skills.
UAE-based Elevate World will host a virtual tourism summit from June 2-4, 2026, bringing together over 250 global industry leaders, hotels, travel agents and tour operators, with Dubai serving as the event hub for participating partners.
Rechitta, a new intelligent communication platform for the real estate market that enables real-time, multilingual engagement powered by verified developer data, has been launched in Dubai.
Aldar, a leading developer, has announced the sell-out of Al Ghadeer Gardens, a community of 437 townhouses and villas within the growth corridor between Abu Dhabi and Dubai, generating more than AED1 billion ($272.3 million) in sales.
