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Second monthly dip in Dubai prices, but March shock fades into slower reset
April saw capital values continue to cool down, though at a slower pace than in March
Dubai Taxi moves into Abu Dhabi with AED 1.5 bn National Taxi acquisition
The debt-funded acquisition would hand DTC a larger share of Dubai’s taxi market
Mubadala makes container play, e& capital backs Magic Cube, Capital Group joins ADGM, progress on Dubai Loop
The moves ups Mubadala’s exposure to a sector moving 75% of international goods
THIS MORNING: Tourism in Ajman is the latest to see gov’t support + Al Habtoor kicks off its lawsuit against Lebanon
Plus: Dubai residential capital values fall for the first time since the pandemic
DMCC adds office supply, Stake builds an exit door, Masdar to set up JV in Montenegro, Bain heads to Abu Dhabi
DMCC is adding more than 560k sq ft of Grade A space as Dubai’s office market shifts from tight supply…
Dubai Metro plans another AED 34 bn line connecting historic center to suburbs
This is all part of Dubai’s 2040 Urban Masterplan, which aims to make most of the city’s essential services reachable…
THIS MORNING: Abu Dhabi eyes bringing Mubadala and L’imad’s China-focused assets under one umbrella + reports swirl of UAE-Egypt eyeing Moroccan tourism
Some hotels in Dubai are shutting up shop for renovations, some for good
More ADGM action, IHC seals Pakistan acquisition, another Dubai International Chamber office in Asia, and CBUAE rolls out e-KYC
Dubai International Chamber has opened another global office, this time in Manila, the Philippines
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