Abu Dhabi’s property market cools

1

WHAT WE’RE TRACKING TODAY

THIS MORNING: It’s a later opening date and a higher bill for Wynn Al Marjan Island + UAE’s PMI climbs in July

Good morning, everyone. Abu Dhabi's property market is taking a breather, while it’s full steam ahead for some (but not all) UAE players.

Abu Dhabi's property market cooled in 2Q, with capital values rising just 2.1% q-o-q, the slowest pace in two years, as transactions cooled on the back of regional tensions weighing on off-plan sales and mortgage activity.

Over on the investment side, Mubadala led a funding round for Moove that valued it at USD 2.1 bn.

While the UAE’s non-oil private sector saw the sharpest improvement in business conditions in four months, it’s not good news for everyone as Wynn pushes back the opening of its Al Marjan Island resort to September 2027.

A bigger bill and a later date

Wynn has set September 2027 as the new opening date for its Wynn Al Marjan Island resort in Ras Al Khaimah, according to its second-quarter earnings release. The company also disclosed during an earnings call that construction costs have risen by USD 600 mn to roughly USD 5.7 bn, up from the USD 5.1 bn price tag it was building to.

REMEMBER- The project was originally targeting early 2027 before CEO Craig Billings told analysts in May that the launch would slip due to shipping disruptions and alternative sourcing brought on by the regional war — costs he said had already started to climb as a result.

The money in it so far: Wynn put another USD 48.1 mn into the 40%-owned joint venture building the resort in the second quarter alone, taking its life-to-date capital contribution to USD 1.1 bn.

Billings isn’t worried: “I’m not going to tell you there’s no risk, but when we underwrote the project, we didn’t underwrite a region with zero geopolitical risk,” he told reporters. “We underwrote a country with a demonstrated ability to manage through it.”

The EnterpriseAM Egypt Forum is back —— and we’re devoting the full day to the singular set of questions on everyone’s mind: What does AI actually mean for your company, your people, your economy, your own job — and your kids’ future?

Every session on stage answers one question: “So, what do I actually do about it?”

Join us on 5 October in Cairo. Seats are limited and attendance is by invitation only.

Request your invitation here.

Edging out of the woods?

The UAE’s non-oil private sector is back on the up in July. The S&P Global UAE PMI climbed to 52.7 in July from June’s five-year low of 50.8, marking the sharpest improvement in business conditions in four months and reestablishing the growth trend further above the 50-point neutral threshold, the ratings firm said in a note (pdf).

New orders, exports, and hiring returned to growth: New orders accelerated to their quickest rate since February on the back of infrastructure projects and an uptick in sentiment, despite persistent tight budgets, while export orders saw their first expansion since March. A pickup in domestic demand led to hiring expansion after June’s six-year low and prompted a slight output expansion, but with a growing backlog of work due to freight congestion.

Margin and inventory pressures persist: Despite higher purchasing activity, inventories shrank the fastest since December 2025, as supply schedules remained stretched due to delayed deliveries. Meanwhile, input cost inflation approached April’s peak — driven by higher prices for fuel, food, software, and shipping, alongside rising staff costs — which businesses struggled to fully pass on to customers due to intense market competition, S&P Global Principal Economist David Owen said.

Still, smoother shipping flows through the Strait of Hormuz and a restoration of client confidence provide some assurance that firms are managing 2Q disruptions better, Owen added.

Over in Dubai, the headline PMI rose to 51.7, up from 50.7 in June, driven by a rise in new business and consumer demand, though business activity hit its weakest rate since June 2021.

Looking ahead: Business confidence is still low, with only 7% of surveyed firms expecting an uplift in output over the coming year.

Data point

27.3% — That’s the projected y-o-y drop in the UAE’s tourist arrivals in 2026, with the number of tourists expected to dip to 20.5 mn, before staging a 37.7% recovery in 2027, according to the latest note from Fitch Solutions’ research unit, BMI, on Middle East tourism. The research unit expects this number to rebound to 28.3 mn next year, eventually reaching 30.7 mn by 2030. Over the GCC as a whole, tourist arrivals are projected to fall 22.8% to 64.1 mn.

REMEMBER- The war was expected to wipe USD 13-32 bn in GCC tourism revenues, Gulf Cooperation Council (GCC) Secretary General Jasem Albudaiwi had previously told officials, with tourism arrivals potentially dipping by 8-19 mn on the back of the regional conflict, he added. Forecasts had also expected a 27% y-o-y decline in inbound arrivals to the region this year, after the UAE clocked 8.5k holiday rental cancellations on the day the conflict erupted.

Authorities have so far stepped in to try to mitigate the impact of the war on tourism, rolling out fee deferrals and tax rebates for upgrades in the hospitality sector. However, sectors like restaurants are already feeling the burden of lower tourism numbers and higher costs.

PSA

Dubai DutyFree is now accepting payments via Crypto.com, according to a press release. The rollout covers Dubai International Airport, Al Maktoum International Airport, and online purchases, with payments settled in AED, and is the first time a regional dutyfree retailer has included this option.

BACKGROUND- Crypto is increasingly being rolled out as a payment option, especially in the aviation sector, with Crypto.com having already partnered with Emirates on a similar agreement. The exchange has also partnered with authorities to allow UAE residents to settle government fees using stablecoin payments.

WEATHER- The mercury rises to 46°C today in Abu Dhabi and 44°C in Dubai, with lows ranging between 33-34°C for both, according to our favorite weather app.

The big story abroad

The latest from the regional war is dominating headlines this morning. Iran has reached an agreement with Oman on a proposal that would give the Islamic Republic control over ships passing through the Strait of Hormuz. While the US has yet to confirm or comment on the news, the development is in line with US President Donald Trump’s recent remarks regarding an imminent agreement to reopen the strait.

IN CONTEXT- The US has repeatedly reiterated that it would not agree to any agreement giving Iran control over Hormuz.

This does not mean the war is over: Iran has reportedly threatened to attack Gulf energy infrastructure if the US launches fresh attacks on its territory.

And over on Wall Street: A wave of cyberattacks targeted major Wall Street financial services firms and ‌money managers, including Point72 Asset Management, Millennium Management, Two Sigma Investments, and Citadel. The voice phishing attacks mark the latest in a series of cybersecurity breaches targeting Wall Street, which have intensified thanks to AI tools.

AI leadership shakeup: Google DeepMind CEO Demis Hassabis has stepped down from his post, one of several people in leadership positions who are leaving the company. The shakeup comes amid growing investor and industry concerns that Google is failing to keep pace with its rivals in the AI sphere.

***

You’re reading EnterpriseAM UAE, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We’re out Monday through Friday by 7am UAE time.

EnterpriseAM UAE is available without charge thanks to the generous support of our friends at Mashreq and Hassan Allam Properties.

Were you forwarded this email? Tap or click here to get your own copy of EnterpriseAM UAE.

Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on [email protected].

DID YOU KNOW that we also cover Egypt, Saudi Arabia, and the MENA logistics industry?

***

Circle your calendar

Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.

Abu Dhabi housing market cools after record run

Abu Dhabi’s property market lost some steam in 2Q: Capital values rose just 2.1% q-o-q in 2Q 2026 — the slowest quarterly pace in two years — even as annual growth held at a still-robust 17.8%, according to ValuStrat’s latest quarterly report (pdf). Meanwhile, total transaction value cooled 25.1% on a quarterly basis from a record first quarter to AED 46.6 bn, though that still marks an 81.7% y-o-y rise.

Activity softened in May under the weight of regional geopolitical tensions, pressuring off-plan sales and mortgage transactions, EFG Hermes said in a research note seen by EnterpriseAM UAE.

The moderation reflects a market entering a more mature stage rather than one under pressure. “Compared with Dubai, the capital remains at an earlier stage in its property cycle,” with relatively lower prices continuing to support end-user demand, Managing Director and Head of Real Estate Research at ValuStrat Haider Tuaima tells EnterpriseAM.

Affordability constraints are becoming a problem: “The moderation in price growth is likely attributable to emerging affordability constraints, particularly as Abu Dhabi's residential market is driven predominantly by domestic demand from both Emirati and expatriate owner-occupiers and investors,” he says.

Apartments are doing the heavy lifting: ValuStrat's price index for apartments rose 24.1% y-o-y — more than double the 12% gain for villas — on end-user demand for relatively affordable, well-located communities like Al Reem Island, alongside continued strength in luxury enclaves such as Al Saadiyat Island. Abu Dhabi is beginning to mirror Dubai's earlier cycle, where affordability gradually redirected demand from villas toward apartments in established communities, says Tuaima.

The slowdown is concentrated in new launches, not in appetite. EFG attributes a 27% q-o-q drop in primary-market sales to developers launching fewer projects amid renewed regional tensions. Off-plan sales overall still surged 227% y-o-y in value terms to AED 27.1 bn, even as they eased 23% q-o-q. Off-plan continues to dominate the market by volume too: it accounted for 84% of residential transactions in 2Q, per ValuStrat, against a 28.3% y-o-y drop in ready-home transaction volumes, suggesting buyer confidence has so far remained intact. Many off-plan registrations likely relate to purchases agreed to before the conflict escalated, Tuaima notes.

Mortgages are shrinking as a share of the market: Mortgage-backed transactions rose 7% y-o-y but fell 12% q-o-q, and now account for just 16% of total sales value, down from 31% a year ago, EFG said. Land sales, by contrast, grew 1.9x y-o-y, while office transactions barely registered.

In value terms, the commercial sector is outperforming

Office rents in Abu Dhabi's primary districts surged 27.3% y-o-y, with central business district occupancy at 90%, while industrial landlords remain squeezed by a shortage of Grade A logistics space, according to ValuStrat.

IN CONTEXT- Since June, new leases are being struck against a temporary 0% rent-increase cap across residential, commercial, and industrial properties.

“Vacant units are unlikely to provide lessors with an immediate [prospect] to reset rents, as the most recently registered tenancy contract will form the basis of the freeze,” Abu Dhabi Valuation Lead at ValuStrat Sean Swinburne tells EnterpriseAM. The 0% rent cap shields tenants from further rental increases, addressing the affordability challenges, Swinburne says.

Demand in the office market is no longer concentrated in hydrocarbons alone but increasingly spans finance, government entities, AI and tech, professional services, clean energy, education and healthcare, mirroring Abu Dhabi's broader diversification targets, adds Swinburne.

REMEMBER- Abu Dhabi's office leasing market also recorded a y-o-y contraction, with 1H 2026 transactions down 13%, while new contracts fell 15% y-o-y, and renewals dipped 8%.

Looking ahead

Developers are expected to temporarily focus on execution over expansion, says Tuaima, amid rising construction costs, logistics disruptions, and supply-chain challenges. New launches are set to be moderated to allow the existing pipeline to progress — a dynamic that could help preserve pricing by preventing oversupply.

It could be a similar playbook in Dubai, but major developers haven’t really paused — yet. Launches there have collapsed to 5.3k units from 45k the quarter before, but its biggest names have doubled down on scale — Emaar’s AED 200 bn mixed-use project and Majid Al Futtaim's AED 62 bn mega-community among them. Analysts there tie it to well-capitalized developers using phased, master-planned communities to manage pricing and execution risk through the soft patch. Abu Dhabi’s Aldar has also been announcing launches in recent months, seemingly unfazed, from the AED 100 bn Marsa Saadiyat to a AED 6 bn Yas Island expansion.

On delivery: Just 18.8% of Abu Dhabi's expected 2026 residential supply had landed by the end of 1H — 3.4k units against a projected 18.3k for the full year, per ValuStrat, which flags that actual handovers have historically run below projections. Whether the remaining c. 14.9k units due this year slip into 2027 will be the next real test of whether affordable-apartment demand keeps outrunning supply.

Mubadala puts more money behind Moove as it reaches USD 2.1 bn valuation

Abu Dhabi sovereign wealth fund Mubadala led a USD 250 mn funding round for UAE-headquartered mobility fintech Moove, it said in a press release. The funding round, co-led by Woven Capital, Toyota’s Growth Fund, and Ion Pacific, values Moove at USD 2.1 bn.

Also involved: The round also saw participation from BlackRock, Uber, Franklin Templeton, BlueCrest Capital Management, Sona Capital, MUFG, Left Lane, Square Associates, The Latest Ventures, and the Ontario Power Generation Pension Plan.

Mubadala’s link with Moove isn’t new: Back in 2023, it led Moove’s USD 76 mn equity and debt raise, providing USD 28 mn in equity, and later made a follow-on investment in 2024 as part of a wider USD 100 mn funding round, with Moove setting its sights on global expansion after the raise. The platform was originally founded in Nigeria before moving its HQ to the Emirates following the 2024 funding round.

Moove’s pitch: Founded in 2020 as an emerging-market vehicle financing platform for ride-hail drivers, Moove has evolved into a global fleet operator running 42k vehicles across 29 cities in 13 countries. The UAE was also the first market in which Moove transitioned to a fully electric fleet, resulting in the company providing the most EV trips on Uber in 2023.

Where is the money going? The new capital will fund the company’s autonomous infrastructure division, especially building out hubs where driverless fleets are charged, serviced, and orchestrated. Moove also plans to expand its self-driving vehicle workforce from 150 to 500 by year-end.

Why this matters: Autonomous logistics is gaining traction in the UAE, with the Abu Dhabi Investment Office inking a raft of commercial deployment agreements for autonomous mobility tech last November, including for logistics plays. Moove is also attempting to go beyond focusing on developing driving algorithms to absorb the heavy expenditure required to actually run the autonomous fleets.

ICYMI- Autonomous logistics is picking up pace elsewhere in the emirate: SHIFFT, the Dubai Future Foundation’s joint venture with UK self-driving firm Oxa, is targeting a first commercial rollout of driverless vehicles across the emirate’s ports and airports before the end of 2027.

2Q results from Adnoc Distribution, Salik, IHC, and Burjeel

Adnoc Distribution reaps the rewards of higher fuel prices

Higher fuel prices, commercial margins, and inventory gains pushed Adnoc Distribution’s 2Q 2026 net earnings up 94.3% y-o-y to AED 1.3 bn, while its revenue climbed 52.8% to AED 13.2 bn, according to the company’s earnings release (pdf).

That momentum also showed through in 1H results, with net income climbing 58.5% y-o-y to a record AED 2.1 bn on revenues of AED 22 bn, up 28.8%, as the fuel retailer benefited from higher commercial margins, expanding non-fuel retail operations, and lower finance costs. Fuel volumes increased only 1.6% y-o-y to 7.7 bn liters in 1H, meaning that the earnings growth came less from selling more fuel and more from selling it more profitably. The firm noted a 139.4% increase in volumes sold to the aviation sector during 2Q, in particular.

The retail segment provided the lion’s share of revenue during 1H, bringing in AED 14.1 bn, up 21.5% y-o-y.

Growth is likely to continue through next year as well: In July, Adnoc agreed to acquire Shell Downstream South Africa in a transaction valuing the business at around USD 1 bn — its fourth operating market after the UAE, Saudi Arabia, and Egypt.

Dividends: Adnoc Distribution’s board approved a payout of nearly AED 643 mn, or 5.1425 fils per share, for 2Q.

Salik hits a regional speed bump in 2Q

Dubai toll gate operator Salik felt the squeeze in 2Q 2026 as regional security events took a bite out of traffic volumes. Net income dropped 16.4% y-o-y in 2Q 2026 to AED 334.8 mn, with revenues slipping 11.9% to AED 683.1 mn, according to the company’s financial statements (pdf) and earnings release (pdf). As for 1H, net income also declined 8.7% y-o-y to AED 704 mn, with revenues sliding 7.5% to AED 1.4 bn.

Behind the numbers: Total trips across Dubai’s 10 toll gates fell 12.6% y-o-y to 186.6 mn in 2Q 2026, driving total 1H 2026 trips down 9.5% to 383.8 mn. Chargeable trips took the brunt of the downturn in 2Q, dropping 17.2% y-o-y to 132.8 mn, driven by an 18.5% fall in off-peak travel. However, operating activity began picking up again in May and June, pushing registered accounts up 6.6% y-o-y to 2.9 mn. Meanwhile, fine revenue provided a countercyclical boost, jumping 14.2% y-o-y in 2Q to AED 75.2 mn.

To reduce reliance on toll volumes, Salik expanded its digital payment integrations: Ancillary revenue climbed 98% y-o-y to AED 17.2 mn in 1H 2026, backed by e-wallet parking partnerships across Dubai Airports, Dubai Mall, and Parkonic.

Energy, mining, and financial services drive IHC’s 2Q results

International Holding Company’s (IHC) revenue jumped to AED 33.4 bn in 2Q, up from AED 24.6 bn the year before, it said in its financials (pdf). Net income came in at AED 18 bn for the period, up 170% y-o-y.

For 1H, growth was similarly strong, with net income of AED 26.2 bn, more than double last year’s AED 10.8 bn, and revenue of AED 64.9 bn, up 34.5% y-o-y.

Growth was driven primarily by energy and mining in 1H, where revenue jumped 355.2% y-o-y to AED 12.3 bn on 1Q momentum, alongside a 62.8% rise in revenue from financial services to AED 3 bn, the company said in its management discussion and analysis report (pdf).

However, it was real estate and construction that provided the largest share of revenue, contributing AED 20.9 bn to IHC’s top line, up 10.4% y-o-y, followed by marine and dredging with AED 14.7 bn, up 4.5%, and energy and mining. Hospitality and leisure accounted for AED 5.2 bn, services and other segments made up AED 3.6 bn, food generated AED 3.4 bn, and technology brought in AED 1.9 bn.

IHC’s total assets were up 9.6% YTD to AED 469.7 bn, following its acquisition of Traverse Midstream Partners, an industrial and logistics portfolio in Kezad, and a 50.1% stake in Alpha Wave.

Higher patient numbers drive Burjeel’s revenues

Healthcare provider Burjeel Holdings’ bottom line dipped 1.4% y-o-y to AED 146 mn, while its revenue rose 3.7% y-o-y to AED 1.5 bn, it said in its management discussion and analysis (pdf). The provider recorded an AED 29 mn loss from the impairment of assets during the quarter, and EBITDA (excluding one-offs) rose 35% y-o-y to AED 316 mn. Outpatient footfall was up during 2Q on the back of new facility openings, and inpatient numbers were up 8.4% y-o-y.

On a 1H basis, net income rose 8.2% y-o-y to AED 202 mn, while revenue recorded a 4.4% uptick to AED 2.8 bn on the back of an increase in patient volumes, Burjeel said in a press release (pdf). Patient footfall was up 9.9% y-o-y to 3.7 mn in the first half of the year.

Qualcomm taps EMEA lead

Qualcomm has tapped Wassim Chourbaji (LinkedIn) as senior vice president and president for Qualcomm Europe, Middle East and Africa (EMEA), it said in a press release. He replaces Enrico Salvatori (LinkedIn), who is retiring after more than 24 years with Qualcomm, and moves to the role of chairman.

Chourbaji is a Qualcomm veteran, having worked at the US-based semiconductor player for over 20 years and held several senior positions in its Middle East and European markets. He comes to the role after serving as president of Qualcomm Middle East and Africa.

DP World moves in on Antwerp and Australia + Edenred secures CBUAE approval

DP World expands beyond terminals in Antwerp and Australia

DP World is extending its reach on two continents at once. DP World signed a multi-year logistics agreement in Australia and committed to a cold-chain facility in Belgium — different cargoes, different partners, same underlying move: capturing the legs of the supply chain before and after the port.

In Antwerp, this means temperature-controlled storage next to the terminal. DP World will invest an initial EUR 48 mn, potentially rising to around EUR 100 mn in later phases, in a cold-chain hub beside its Antwerp Gateway terminal — developed with Montea and Maatschappij Linkerscheldeoever, according to a press release. The site will provide more than 55k sqm of temperature-controlled warehousing across an 83k sqm facility for perishables, pharma, chemicals, and technology cargo. It will also integrate ocean transport, terminal handling, warehousing, and road, rail, and barge distribution from a single site, strengthening DP World's connectivity across Belgium and Europe.

In Australia, it means owning the inland leg before the cargo even reaches a port. The company signed a multi-year agreement with Balco, one of the country's leading forage exporters, to move 10k TEUs of forage exports annually, according to a separate press release. DP World will handle road transport, equipment, and supply-chain coordination between Balco’s regional production sites and the export gateway, while investing in specialized transport assets.

Another global fintech is moving closer to a UAE payments license

Payments service provider Edenred UAE has received in-principle approval from the UAE Central Bank for a stored Value Facility (SVF) license, according to a press release. This move clears a key regulatory step toward operating as a licensed payment institution in the country, according to the release. The firm is the largest salary processing provider in the UAE and currently works with upwards of 20k companies and 2.5 mn employees.

Morgan Stanley-led bank consortium prepares USD 15 bn bond sale to dump pre-built AI construction risk

A Morgan Stanley-led bank consortium is looking to get USD 15 bn of AI construction debt off its books by tapping the bond market, in the latest sign that Wall Street lenders are getting squeamish about holding AI infrastructure risk, the Financial Times reports. The debt is tied to a 2k-acre Google-backed data center under construction in Hubbard, Texas, and leased to Anthropic.

A growing trend: Bulge-bracket banks have reportedly spent months looking for buyers on more than USD 50 bn of debt tied to separate data center projects leased to Oracle. Offloading exposure caps how much AI risk any one bank carries and frees up room to keep lending into the next play.

How the debt is structured tells you where the risk sits: Developer Nexus Data Centers built this specific loan around a delay-draw feature — meaning money gets released in stages as construction hits certain agreed-upon milestones, rather than all at once — and part of the package may get refinanced through leveraged loans instead of bonds, per the FT.

Google’s guarantee doesn’t cover the building phase, and that’s the whole crux of it: The backstop only applies once the facility is finished, so bondholders are effectively underwriting construction itself, delays, cost overruns, and the works. That’s why the debt is expected to price at speculative grade despite Google’s name being on the project. The campus’ dedicated on-site gas plant, which is built to dodge Texas grid delays, adds a second layer of risk to the same debt package.

If you’re wondering whether Gulf money is circling this one… Nothing so far suggests the region’s state-backed investors are in this specific sale, but they already have a dedicated vehicle for underwriting exactly the kind of AI infrastructure debt Wall Street is looking to offload here. Whether that firepower stretches to a transaction shaped like this one (construction-stage, speculative-grade, single-tenant) is an open question.

IN CONTEXT- UAE sovereign investor MGX’s AI Infrastructure Partnership with BlackRock, GIP, Microsoft, and Nvidia was structured from the outset to deploy USD 30 bn of equity, and as much as USD 100 bn in total investment value, including debt. MGX has also raised more than USD 50 bn from sovereign and institutional investors and plans to deploy up to USD 10 bn a year, closing one of the largest data center buyouts on record alongside BlackRock late last month — the USD 40 bn Aligned Data Centers acquisition.

MARKETS THIS MORNING-

Losses across tech firms pushed Asia-Pacific markets down this morning. South Korea’s Kospi led the drop — falling 4.6% — while Japan’s Nikkei and Hong Kong’s Hang Seng also suffered losses. Bucking the trend, the Shanghai Composite moved higher.

ADX	10,111	+0.1% (YTD: +1.2%)
DFM	6,008	+0.4% (YTD: -0.7%)
Nasdaq Dubai UAE20	4,943	+0.3% (YTD: +1.1%)
USD : AED CBUAE	Buy 3.67	Sell 3.67
EIBOR	3.6% o/n	4.2% 1 yr
TASI	10,888	+0.3% (YTD: +3.8%)
EGX30	54,660	+0.3% (YTD: +30.7%)
S&P 500	7,724	-0.2% (YTD: +12.8%)
FTSE 100	10,888	+0.1% (YTD: +9.6%)
Euro Stoxx 50	6,477	-0.2% (YTD: +11.7%)
Brent crude	USD 80.10	+0.8%
Natural gas (Nymex)	USD 2.67	-0.6%
Gold	USD 4,349	+1.0%
BTC	USD 64,609	+0.5% (YTD: -26.3%)
Chimera JP Morgan UAE Bond UCITS ETF	AED 3.56	0.0% (YTD: -5.1%)
S&P MENA Bond & Sukuk	150.91	+0.2% (YTD: -0.7%)
VIX (Volatility Index)	15.81	-4.2% (YTD: +5.8%)

THE CLOSING BELL-

The ADX rose 0.1% yesterday on turnover of AED 1.5 bn. The index is up 1.2% YTD.

In the green: Apex Investment (+8.0%), Eshraq Investments (+5.4%), and Waha Capital Company (+4.8%).

In the red: Fujairah Cement Industries (-3.8%), Invest Bank (-3.4%), and Gulf Medical Projects Company (-2.9%).

Over on the DFM, the index rose 0.4% on turnover of AED 682.2 mn. Meanwhile, Nasdaq Dubai was up 0.3%.

CALENDAR

SEPTEMBER

1-3 September (Tuesday-Thursday): Middle East Energy, Dubai World Trade Center, Dubai.

7-9 September (Monday-Wednesday): AIM Congress, Dubai World Trade Center.

7-9 September (Monday-Wednesday): International Property Show, Dubai World Trade Center, Dubai.

12-13 September (Saturday-Sunday): Emirates International Congress on AI & Visionary Leadership in Transforming Healthcare, Adnec Center Abu Dhabi.

14-17 September (Monday-Thursday): Arabian Travel Market, Dubai World Trade Center, Dubai.

15-16 September (Tuesday-Wednesday): Federal Open Market Committee (FOMC) meeting.

17-19 September (Thursday-Saturday): International Real Estate & Investment Show (IREIS), Adnec, Abu Dhabi.

29-30 September (Tuesday-Wednesday): AFCM Annual Conference, Abu Dhabi.

OCTOBER

4-10 October (Sunday-Saturday): World Space Week, Abu Dhabi.

5-7 October (Monday-Wednesday): AI Everything Global, Adnec Center, Abu Dhabi.

12-14 October (Monday-Wednesday): Airport Show, Dubai World Trade Center, Dubai.

14-15 October (Wednesday-Thursday): Sharjah Investment Forum, Jawaher Reception and Convention Center, Sharjah.

13-15 October (Tuesday-Thursday): Annual Meeting of Global Future Leaders, Dubai.

20-22 October (Tuesday-Thursday): Future Health Summit, Adnec Center Abu Dhabi.

27-28 October (Tuesday-Wednesday): Arab Competition Forum, Dubai.

27-28 October (Tuesday-Wednesday): Federal Open Market Committee (FOMC) meeting.

30 October (Friday): Large businesses achieving annual revenues equal to or above AED 50 mn must appoint an accredited service provider for e-invoicing implementation.

Signposted to happen sometime in October 2026:

Abu Dhabi Space Week, Abu Dhabi.

NOVEMBER

2-6 November (Monday-Friday): Dubai Future Finance Week, Dubai.

4 November (Wednesday): Digital Transformation Summit, Sofitel, Abu Dhabi.

9-10 November (Monday-Tuesday): Annual government meetings, Abu Dhabi.

9-12 November (Monday-Thursday): EMEA Council on Hotel, Restaurant and Institutional Education Conference, Dubai College of Tourism, Dubai.

10-12 November (Tuesday-Thursday): Dubai International Electric Vehicle Exhibition & Conference, Dubai World Trade Center.

16-18 November (Monday-Wednesday): World Police Summit, Dubai World Trade Center, Dubai.

18-19 November (Wednesday-Thursday): Touchdown Middle East 2026, Conrad Abu Dhabi Etihad Towers, Abu Dhabi.

25-26 November (Saturday-Sunday): Doers Summit, Dubai Silicon Oasis, Dubai.

DECEMBER

2-4 December (Wednesday-Friday): UN Water Conference, UAE.

4-6 December (Friday-Sunday): Formula 1 Abu Dhabi Grand Prix, Abu Dhabi.

8-9 December (Tuesday-Wednesday): Capital Market Summit, Madinat Jumeirah, Dubai.

8-9 December (Tuesday-Wednesday): Federal Open Market Committee (FOMC) meeting.

7-10 December (Monday-Thursday): Abu Dhabi Finance Week, Al Maryah Island, Abu Dhabi.

8-10 December (Tuesday-Thursday): Abu Dhabi Water & Power Week, Adnec Center, Abu Dhabi.

Signposted to happen sometime in 2027:

1 January: Deadline for large businesses to implement e-invoicing;
1Q 2027: Completion of the first phase of Hassyan seawater desalination project;
1-3 February (Monday-Wednesday): World Governments Summit;
31 March: Small businesses with annual revenues of less than AED 50 mn are obliged to contract with an accredited service provider for e-invoicing implementation;
31 March: Government entities are required to appoint an accredited service provider for e-invoicing implementation;
21-22 April (Wednesday-Thursday): Token2049, Dubai;
1 July: Deadline for small businesses to implement e-invoicing;
1 October: Deadline for governments to implement e-invoicing;
Abu Dhabi’s solar and battery energy facility, combining 5.2 GW of solar capacity and 19 GWh of battery storage, is set for commissioning.

Signposted to happen sometime in 2028:

Artificial Intelligence Summit.

Signposted to happen sometime in 2029:

Sibos 2029 organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), Dubai;
Annual Meetings of the World Bank Group and the International Monetary Fund, Abu Dhabi;
The commissioning of the seventh phase of Mohammed bin Rashid Al Maktoum Solar Park.

Sections

About

Privacy & Support