All posts by uaenews247

Real Estate

Dubai Land Department Launches Pilot Phase of the ‘Real Estate Tokenisation Project’

  • First real estate registration entity in the Middle East to adopt this technology in collaboration with the Virtual Assets Regulatory Authority (VARA) and Dubai Future Foundation (DFF).
  • Dubai’s real estate tokenisation sector is projected to reach AED 60 billion by 2033, accounting for 7% of the emirate’s total real estate transactions.
  • Converting real estate assets into digital tokens recorded on blockchain technology, streamlining and enhancing the processes of buying, selling, and investing.

Dubai, UAE – 19 March 2025: As part of its ongoing efforts to strengthen Dubai’s position as a global leader in property technology, and in line with the Dubai Real Estate Sector Strategy 2033, Dubai Land Department (DLD) launched the pilot phase of the ‘Real Estate Tokenisation Project.’This initiative,introduced under the Real Estate Innovation Initiative‘REES,’ establishes DLD as the first real estate registration entity in the Middle East to implement tokenisation on property title deeds.The project is being implemented in collaboration with the Dubai Virtual Assets Regulatory Authority (VARA) and Dubai Future Foundation (DFF) through SandBox Real Estate.

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Ramadan Kareem

Mercato Mall Celebrates Ramadan with an Exclusive Iftar, Heartfelt Giving, and an Exciting Lantern Hunt!

In the spirit of togetherness and generosity, Mercato Mall recently hosted an exclusive Iftar gathering at Pasha Sarayi, welcoming esteemed members of the media, VIP guests, and top influencers to celebrate the holy month of Ramadan.

The evening was a delightful fusion of traditional flavors, meaningful conversations, and heartfelt connections, embodying the true essence of Ramadan. As a token of appreciation, attendees were presented with exquisite gifts from Lottah Perfume, adding a touch of elegance to the memorable evening. The luxurious fragrances served as a perfect symbol of the gratitude and warmth that define this special time of year.

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Business & Investments

Malabar Gold & Diamonds to Open 12 New Showrooms in March, Expands Global Retail Network to 391 showrooms across 13 countries

Malabar Gold & Diamonds, the world’s 6th largest jewellery retailer, is set to launch 12 new showrooms by March 2025 to further strengthen its presence across India. The latest expansion drive will take the total international showroom count to 391 showrooms across 13 countries, with presence in 19 states across India.

The new showrooms will be located at Panvel in Mumbai, Sinhagad Road in Pune, Brahmapur and Soubhagya Nagar in Odisha; Dhanbad in Jharkhand, Hospet, Nagarbhavi and Chitradurgain Karnataka; Nandyal, Amalapuram, Machilipatanam in Andhra Pradesh and Varanasi in UP.

Malabar Group has invested over USD 69 Millionfor this expansion phase and has hired 406 employees in various roles this financial year.

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Business & Investments

One in Four GCC Companies Plan to Spend More than $25 Million On AI in 2025, According to the Latest BCG Report

  • In the GCC, 66% of executives expect AI to boost productivity, however, the need to upskill existing talent to meet AI needs is equally important
  • 81% of GCC companies plan to increase tech investments in 2025, surpassing the global average of 73%
  • 72% of GCC companies rank AI/GenAI as a top three strategic priority for 2025

Dubai, March 19, 2025 — Artificial Intelligence (AI) remains a top priority for business leaders worldwide in 2025, with a strong focus on achieving tangible results from AI initiatives. According to the latest findings from Boston Consulting Group (BCG)’s AI Radar global survey, one in three companies globally plans to allocate over $25 million to AI this year, while in the GCC, one in four companies is set to make a similar level of investment. The survey, including input from 1,803 C-level executives across 19 markets and 12 industries, highlights a widespread optimism about AI’s potential, tempered by significant challenges in realizing its full value.

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Business & Investments

Emirates Gold Celebrates 33 Years of Excellence with Strategic Expansion Plans and the Launch of the ‘Arabian Heritage’ Collection

Dubai, UAE – March 2025 – Dubai, UAE – 14 November 2024 – Emirates Gold, the first UAE Good Delivery (UAEGD) certified refinery and Dubai’s pioneering gold refinery accredited by the DMCC, proudly marks its 33rd anniversary as a global leader in the precious metals industry. Over three decades, the company has built a stellar reputation, producing and selling over 100 million coins and investment bars worldwide—a testament to its unwavering commitment to quality, reliability, and innovation.

To commemorate this milestone, Emirates Gold proudly unveils the exclusive ‘Arabian Heritage’ collection—a distinguished series of gold bars featuring intricate designs inspired by iconic Arabian symbols. This collection celebrates the region’s rich cultural heritage, combining exceptional craftsmanship with timeless artistry. It provides investors with a premium product that embodies the traditions and legacy of the UAE and the broader Arabian region.

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