Author: Sam Allcock

Dubai Investments, a leading diversified investment company listed on the Dubai Financial Market (DFM), has reported a profit before tax of AED 546.28 million for the six months ending 30 June 2025. This marks a significant rise from AED 431.68 million during the same period in 2024. In the second quarter alone, the company recorded a pre-tax profit of AED 361.39 million, up from AED 309.34 million in Q2 2024, reflecting continued operational strength. This notable increase in profitability was primarily driven by strong contributions from the Group’s core businesses, especially its real estate and manufacturing segments. The real estate…

Dubai’s leading design-led real estate developer, Ellington Properties, has officially announced Eaton Square—its first commercial project. Located in the heart of Mohammed Bin Rashid City (MBR City), this project signifies a major milestone for the brand as it brings its hallmark of exceptional design and lifestyle integration into the business property sector. Dubai’s position as a global economic centre continues to strengthen through initiatives like the Dubai Economic Agenda D33. Foreign investment is soaring, and demand for quality workspace is accelerating. The Dubai Chamber saw an unprecedented 4.6% rise in membership in 2024, with standout growth in construction (33%), real…

The Great Dubai Summer Sale (GDSS) is in full swing as Dubai Summer Surprises (DSS) 2025 powers through another week of incredible offers. Running until 7 August, shoppers can look forward to jaw-dropping GDSS Daily Surprises—exclusive one-day-only deals announced daily, offering discounts of up to 90 per cent on top fashion, beauty, electronics, jewellery and more. Organised by Dubai Festivals and Retail Establishment (DFRE), DSS is the perfect time to enjoy the city’s biggest seasonal savings and elevate your summer shopping game. Each day’s special offer is revealed just 24 hours beforehand on the official Dubai Summer Surprises website and…

Dubai-based investment group Shamal Holding has announced a high-profile partnership with Cheval Blanc, the esteemed luxury hotel brand under the LVMH umbrella, to bring an exclusive island resort to the Arabian Gulf. Set for completion in 2029, the new development will mark the debut of Cheval Blanc in Dubai. Situated on a private island encircled by tranquil Gulf waters, the Cheval Blanc Dubai maison will feature 30 opulent suites and 40 private pool villas, reflecting the brand’s signature design philosophy. Additionally, a curated collection of branded beachfront residences will be released for private ownership. These homes will offer full access…

Dubai finalised 24 property developments worth $1.2 billion (AED 4.5 billion) in H1 2025, highlighting sustained strength in the emirate’s thriving property sector, according to Dubai Land Department (DLD) data reported by Emirates News Agency (WAM). Sector momentum continues The emirate’s property market shows no signs of slowing, with 726 developments actively under construction—an indicator of continued interest from both developers and investors alike. A total of 90,337 new residential units were recorded in the first six months of 2025, showcasing developers’ efforts to meet demand for eco-friendly, turnkey homes within well-integrated communities. DLD figures revealed 75,347 real estate units…

Fertiglobe, the Abu Dhabi-based fertiliser producer, recorded a second-quarter net profit of $20.2 million attributable to shareholders—a 41.3% increase from $14.3 million in the same period last year, according to its latest financial statement. Financial Highlights The Q2 profit matched analysts’ consensus estimate of $20 million, as reported by data provider LSEG. Revenue climbed 14% year-on-year to $566 million, up from $496 million during Q2 2024. However, for the first half of 2025, net profit declined by 29% year-on-year to $92.8 million, down from $131 million. The previous year’s figure included a one-off foreign exchange gain of $81 million. First-half…

Abu Dhabi’s non-oil foreign trade climbed by an impressive 34.7% year-on-year in the first half of 2025, reaching $53.2 billion (AED 195.4 billion), according to official figures released on Sunday. The growth was fuelled by robust increases in exports and re-exports, aligning with the emirate’s intensified push towards economic diversification. The latest data compares this year’s first-half trade volume to $39.48 billion (AED 145 billion) in the same period of 2024. Non-oil exports saw a remarkable 64% surge, totalling $21.37 billion (AED 78.5 billion), a sharp increase from $13.04 billion (AED 47.9 billion) a year ago. Imports also rose by…

Chery Group has officially introduced its latest automotive brand, “iCAUR”, in Dubai—marking a pivotal moment in its strategy to establish a strong foothold in the Middle East. The event included the world premiere of two all-new SUV models, the V27 and 03T, alongside the announcement of an ambitious regional expansion roadmap. iCAUR V27 & 03T: Hybrid Technology Fused with Distinctive J-Style Aesthetics At the Dubai launch, iCAUR showcased the V27 and 03T SUVs, both powered by cutting-edge range-extender hybrid systems aimed at enhancing performance and maximising efficiency. With their bold, boxy exterior, the two models embody the brand’s “J-Style” design…

The Abu Dhabi Chamber of Commerce and Industry has reported a 4.9% increase in company memberships over the past year, taking the total to more than 158,000 firms, according to a statement issued on Friday. The figures highlight continued growth across key business sectors in the emirate. Sector performance led by agriculture, ICT, and arts The most notable expansion came from agriculture, forestry, and fishing, which grew by 21%. This was followed by a 13% rise in the arts and entertainment sector, and 10% growth in information and communication technologies and technical activities. Other sectors showing upward trends included water…

Dubai saw an impressive influx of 9.88 million international overnight visitors in the first half of 2025, representing a 6% increase compared to the same period last year. The figures, released by the Dubai Department of Economy and Tourism (DET), reinforce the emirate’s standing as a premier global destination for both tourism and business. Tourism milestone under D33 agenda This upswing in visitor numbers aligns with the objectives of the Dubai Economic Agenda D33, which aims to make tourism a central pillar of economic expansion while drawing more residents and businesses to the city. Sheikh Hamdan bin Mohammed bin Rashid…