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Dubai - United Arab Emirates
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Send us a textDubai to Launch Baidu Driverless Taxis by 2026Dubai will soon begin testing driverless taxis from China's Baidu, marking the city's next big step in autonomous mobility. In collaboration with the Roads and Transport Authority (RTA), Baidu's Apollo Go service will deploy its latest RT6 autonomous vehicles in the emirate.The testing phase will launch in the coming months with 50 autonomous taxis, gradually expanding to 1,000 vehicles over three years. These taxis feature 40 sensors and detectors, ensuring top standards in automation and safety. This marks Apollo Go's first international expansion beyond mainland China and Hong Kong.Baidu's Apollo Go has logged over 150 million kilometres of safe driving and completed more than 10 million autonomous trips, making it the largest autonomous vehicle operator globally. Dubai aims to convert 25% of all city trips to autonomous journeys by 2030.RTA's Mattar Al Tayer confirmed that after years of trials since 2016, autonomous transport is no longer futuristic, but a reality. RTA continues partnerships with Uber, WeRide, and other firms to advance this sector. Driverless taxis already operate in Abu Dhabi, offering free rides within geo-fenced areas.Autonomous taxis promise greater road safety, accessibility for children and the elderly, and time-saving benefits, making autonomous driving an essential part of the future of transport.Want to know more? Book your complimentary call:
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Send us a textWant to know more? Below my contact details+971553523125info@alessandroderubertis.comThe 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
Send us a textWant to know more? Below my contact details+971553523125info@alessandroderubertis.comDubai 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
Send us a textWant to know more? Below my contact details+971553523125info@alessandroderubertis.comSheikh 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.Want to know more? Below my contact details+971553523125info@alessandroderubertis.comSource: https://www.khaleejtimes.com/uae/dubai-sheikh-hamdan-approves-new-scenic-route-projects-to-develop-countryside-rural-areas
Send us a textWant to know more? Below my contact details+971553523125info@alessandroderubertis.comEtihad 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/
Send us a textWant to know more? Below my contact details+971553523125info@alessandroderubertis.comWynn Al Marjan Island in Ras Al Khaimah, will feature a 225,000 sq. ft gaming area, constituting about 4% of the property's total floor area. It has been granted a 15-year renewable land-based gaming facility license, marking the UAE's first commercial gaming operation. The property is expected to generate long-term economic benefits for Ras Al Khaimah, including the employment of 7,500 staff and growth in leisure and MICE (meetings, incentives, conferences, and exhibitions) tourism.The UAE will limit each emirate to a single land-based gaming license. Wynn anticipates that two other "competitive integrated resorts" will eventually be established in the country. Last month, US-based MGM Resorts International revealed it had submitted an application for a gaming license in Abu Dhabi.The project represents a $5.1 billion investment, with $4 billion allocated to development costs. It is described as the largest foreign direct hospitality investment in Ras Al Khaimah. Wynn anticipates significant revenue from both gaming and non-gaming activities. The resort will be a full-scale luxury integrated development, featuring 1,542 rooms and suites, 22 dining outlets, a shopping esplanade, and conference facilities.Source: https://www.khaleejtimes.com/business/uae-casino-operator-wynn-reveals-gaming-area-size-at-ras-al-khaimah-property
Send us a textWant to know more? Below my contact details+971553523125info@alessandroderubertis.comDubai's rental market is experiencing a significant shift as tenants opt for multiple-cheque rent payments despite higher costs. The trend, particularly in premium areas like Downtown Dubai, Marina, and Business Bay, allows tenants to manage rising rental prices by spreading payments across four or more cheques. According to experts, there has been a 33-36% rise in tenants choosing six or eight cheque payments compared to last year, with 32% of contracts in Q3 2024 using four-plus cheque payments.The demand for flexible payment options is driven by new residents and high-net-worth individuals relocating to Dubai. This has fueled a surge in rental demand, especially for high-end properties, pushing rents to all-time highs. While this provides tenants flexibility and reduces the burden of large upfront payments, landlords often increase rates for those opting for multiple payments.Institutional landlords, like Wasl, are more flexible, offering monthly payments and accepting various payment methods, including electronic transfers. However, many landlords still prefer fewer cheques and may raise rents for tenants requesting more payment installments.With rising population and demand, particularly from high-net-worth individuals, luxury rentals remain in high demand. In Q3 2024, listings and viewings for rentals increased significantly, with a notable rise in ultra-luxury rentals due to limited property availability. Experts predict the premium market will continue to grow, driven by the expected doubling of millionaires in the coming decade.Source:https://www.khaleejtimes.com/business/realty/dubai-tenants-opt-for-multiple-payments-amid-rising-rents-but-face-increased-rates
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