Real Estate

Alef Group Launches Linar, Its First Waterfront Residential Development in Al Mamzar, Sharjah, Valued at AED 4 Billion

  • The unrivaled lifestyle proposition includes 360° views, a cutting-edge wellness center, trendy F&B options, and strategic city-wide connectivity
  • The development offers 2,620 one- to three-bedroom apartments, including a limited number of exclusive penthouses, across six high-rise towers
  • Strong demand for Tower A EOIs led to the expansion of Expressions of Interest to include Towers B and C, with all Phase 1 EOIs now fully reserved

Sharjah, UAE – 09 June 2026: Alef Group, a premier real estate developer, has announced the official launch of Linar, its latest flagship residential development and new coastal address in Al Mamzar, Sharjah. Valued at AED 4 billion, Linar is Alef’s first project with a direct waterfront setting, marking a defining milestone in the Group’s vision to shape modern communities with long-term value.

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Real Estate

UAE real estate market set to reach AED 2.98 trillion by 2031

Dubai, UAE; 8 June 2026 – The UAE’s real estate sector is poised for continued long-term growth, further cementing the country’s position as one of the world’s leading destinations for investment, development and innovation.

According to leading market intelligence platform ‘Statista Market Insights’, the UAE real estate market is projected to reach AED 2.98 trillion by 2031[1], reflecting strong investor confidence and sustained demand across residential, commercial and mixed-use developments. The sector’s expansion continues to be supported by population growth, foreign direct investment, and the UAE’s growing appeal as a global hub for business and lifestyle opportunities.

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Business & Investments

Dubai Chambers and Lesotho: Boosting Trade Ties

Dubai Chambers explores ways to strengthen trade and investment ties during meeting with Prime Minister of the Kingdom of Lesotho

Dubai, UAE – Dubai Chambers has discussed ways to strengthen trade and investment flows with the Kingdom of Lesotho during a meeting held in Johannesburg with a high-level delegation headed by the Rt. Hon. Samuel Ntsokoane Matekane, Prime Minister of the Kingdom of Lesotho.

The meeting was attended by Salem AlShamsi, Executive Vice President of International Relations at Dubai Chambers, and H.E. Mahash Saeed AlHameli, Ambassador of the United Arab Emirates to the Republic of South Africa and Non-Resident Ambassador to the Kingdom of Lesotho.

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Business & Investments

ALBADDAD Unveils New Botswana City, The Gateway to Africa’s Trade Future

  • A strategic development project valued at US$1.9 billion across three phases.
  • New Botswana City development facilitated through a strategic partnership with Botswana Development Corporation.
  • ALBADDAD Botswana Global Exhibition & Convention Centre to serve as the flagship development and first phase of the city.
  • The city will comprise 17 integrated residential complexes, six commercial and office complexes, five international hotels and an integrated boulevard district featuring retail outlets, restaurants, cafes, entertainment facilities and service amenities.
  • The development is projected to generate approximately 25,000 to 37,500 direct and indirect employment opportunities at full operational capacity.

Dubai, UAE – 8 June 2026: In the presence of Advocate Duma Gideon Boko, President of the Republic of Botswana, ALBADDAD Holding, the UAE-headquartered global group specialising in modular construction, exhibition infrastructure and fast-track delivery, announced the launch of New Botswana City, a transformative mixed-use destination designed to position Botswana as a leading hub for trade, tourism and international business engagement, facilitated through a strategic partnership with Botswana Development Corporation (BDC), the main investment arm of the Government of Botswana.

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Automibiles & Motoring, Technologies

Final Rentals Expands in UAE: Strategic Partnership with AUTORENT

Welsh-headquartered Final Rentals partners with AUTORENT to re-accelerate growth across the UAE

June 9, 2026, Dubai – British car rental technology platform Final Rentals has announced a major expansion of its Gulf operations through a strategic partnership with AUTORENT, one of the region’s largest vehicle rental and leasing operators.

The agreement marks a significant milestone for the Cardiff-headquartered company, which launched its first operations in the United Arab Emirates in 2021 and has since grown into a platform serving customers in more than 65 countries.

Under the partnership, Final Rentals will gain access to AUTORENT’s fleet of more than 13,000 vehicles operating across the UAE, Saudi Arabia, Bahrain and Oman, strengthening its presence in a region that played a key role in the company’s early growth.

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