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Ghitha Holding reports Dh2.61 billion revenue for H1 2025

Ghitha Holding reports Dh2.61 billion revenue for H1 2025

Al Etihad2 days ago
30 July 2025 13:06
ABU DHABI (WAM) Ghitha Holding PJSC, a subsidiary of IHC, has announced its consolidated financial results for the six-month period ended 30th June 2025, with revenue growth and improved gross profit.During the first half of 2025, the group revenue rose to Dh2.61 billion, up 6.7 percent compared to same period last year. Gross profit reached Dh599.4 million, an increase of 23 percent YoY, reflecting the effectiveness of Ghitha's strategic pivot toward margin-led growth.Ghitha Holding's CEO, Falal Ameen, said, "Our first-half results demonstrate the strength of our strategy, with a clear focus on profitable growth, disciplined portfolio integration, and value-driven execution. Growth was driven by a combination of strategic acquisitions and internal margin expansion.""We continue to reshape our customer and channel mix, placing greater emphasis on profitable verticals, pricing discipline, and high-performing segments, a model that has consistently proven to strengthen our profitability and long-term sustainability. We also launched the SAP S/4HANA programme during the period, an important step in modernising our digital backbone to support future scalability and national food security goals."As part of its broader strategy to expand across various food segments, Ghitha continued to strengthen key verticals through mergers and acquisitions (M&A).In H1 2025, its subsidiary Al Ain Farms acquired Al Jazira Poultry Farm, a leading UAE-based poultry producer.The transaction, along with the successful acquisition of Arabian Farms last year, has further strengthened Ghitha's position in the protein vertical and reflects its long-term commitment to scaling high-demand categories within the national food value chain.Ghitha will build on this momentum by accelerating its operational transformation and advancing integration across its value chain.
With the digitalisation programme underway and a robust M&A pipeline, the Group is well-positioned to drive scalable growth while reinforcing food system resilience in alignment with national priorities.
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From bricks to blockchain: Perspectives on Dubai's real estate revolution
From bricks to blockchain: Perspectives on Dubai's real estate revolution

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From bricks to blockchain: Perspectives on Dubai's real estate revolution

Images: Supplied Real estate tokenisation is no longer a concept of the future — it's a fast-unfolding reality, and Dubai is at the forefront. As the emirate pilots regulated models and integrates blockchain infrastructure into government systems, tokenisation is reshaping ownership, access, and investment. From luxury properties on Palm Jumeirah to institutional-grade smart contracts, this evolution is creating a more accessible, liquid and tech-enabled marketplace. Below, key voices shaping the property landscape share their perspectives on how tokenisation is transforming the industry. Yogesh Bulchandani , CEO, Sunrise Capital Tokenisation has the potential to democratise real estate by enabling fractional ownership, making high-value assets accessible to a broader base of investors. It directly addresses two longstanding barriers in the sector: liquidity and transparency. With the global tokenised real estate market valued at $3.5bn in 2024 and forecasted to reach $19.4bn by 2033, the shift is already well underway. The UAE is taking clear strides in this direction, with active pilots from the Dubai Land Department, the Virtual Assets Regulatory Authority, and the Central Bank. For adoption to accelerate, we need clearer legal frameworks around smart contracts, greater system interoperability, and robust investor education. Hospitality assets and branded residences are proving the most popular for tokenised and fractional ownership, largely thanks to their dependable income potential and strong brand equity. We are also seeing increased interest in luxury residential units, driven by their asset appreciation and global demand. For developers, tokenisation unlocks new capital channels, accelerates presales, and improves liquidity. For investors, the appeal lies in lower entry points, diversification, and the ability to trade shares — benefits that traditional real estate often lacks. In Dubai alone, tokenised real estate transactions reached $399m in H1 2025. We're piloting smart contracts for escrow handling, rental flows, and milestone-based payments. The primary challenge remains legal enforceability under UAE civil law, which currently views smart contracts as auxiliary agreements. Developers and proptech firms are increasingly collaborating to build tokenised platforms, with joint ventures forming and platforms like Zeeshaan Shah , c hairman, One Group and founder of ELEVATE We've seen tokenised real estate gain serious traction across the UK and Europe, driven by a broader wave of innovation powered by AI, blockchain, and advanced proptech platforms. The UAE, with its investor-friendly climate, tech-forward mindset, and appetite for disruption, is a ripe market to take this on. But for tokenisation to move from hype to tangible impact, what's crucial is the creation of a robust, integrated ecosystem — legal, digital, and financial. Dubai, in particular, has the infrastructure and ambition to not just adopt these technologies, but to lead the region — and possibly the world — in setting the benchmark. Veer Doshi , MD and CEO, Vincitore Real Estate Development Over the next decade, tokenisation will unlock unprecedented access, liquidity, and global reach — just as Dubai has pioneered through the DLD–VARA pilot and REES sandbox in 2025. It will energise secondary markets, streamline off-plan financing, and elevate fractional investing from novelty to mainstream—helping Dubai secure a projected $16bn tokenised market by 2033. As a forward-looking developer, we're evaluating how these innovations can integrate with our vision of redefining luxury living through architecture, technology, wellness, and financial accessibility. The UAE is uniquely positioned to lead the global shift to tokenised real estate—especially in the luxury segment, where innovation and trust are critical. But for tokenisation to become mainstream, three pillars must align: regulatory clarity, investor readiness, and seamless tech-legal integration. When smart contracts operate within a trusted framework, tokenised ownership won't just be possible — it will be inevitable. For developers, tokenisation provides access to global capital while preserving brand equity. For investors, it offers flexible entry, transparency, and liquidity, redefining real estate as an agile, intelligent asset class aligned with Dubai's future. Developer–proptech collaboration is shifting from experimentation to execution. Together, they're building asset-backed ecosystems merging compliance, liquidity, and user experience. A common misconception is that tokenisation guarantees fast capital and instant liquidity. But the reality is that it demands greater transparency, legal structure, and discipline. Dubai isn't waiting for global frameworks, it's setting them. With initiatives like VARA's Rulebook 2.0 and DLD's regulatory sandbox, the Gulf is fast becoming the global benchmark for tokenised real estate. Imran Khan, f ounder and CEO, PIXL Global | Invespy In the UAE, we're building the rails for a smarter property market, and tokenisation is a cornerstone. But proptech isn't just about the tech — it's about trust. While the success of the latest initiative by DLD, which sold out in under two minutes, is a powerful signal of what's possible. Standardisation, cybersecurity, and user experience will be key in driving adoption. This is the future of UAE real estate, and there's no better place than Dubai to lead it — the city has always had a remarkable ability to embrace and scale game-changing innovations. Kalpesh Kinariwala founder, Pantheon Development Tokenisation is a seismic shift in the luxury real estate landscape. Over the next five to ten years, this technology will lower investment barriers and enable fractional ownership of high-value assets. By leveraging blockchain's security and transparency, tokenisation will democratise access to premium properties, attract new classes of investors, and create a more liquid, globally connected market. We are confident that tokenisation will become mainstream in the UAE, thanks to the region's forward-thinking regulatory initiatives and robust appetite for technological innovation. Our advanced R&D investments affirm our commitment to supporting and shaping this evolution into a secure, scalable investment ecosystem. Today, Dubai has become a hotbed for fractional ownership of high-end properties. The Dubai Land Department, in partnership with the Virtual Assets Regulatory Authority and Dubai Future Foundation, launched a regulated tokenisation pilot this year — opening access to premium properties in areas like Palm Jumeirah, Downtown, and Emirates Hills. According to a 2025 report by Dubai's Department of Economy and Tourism, tokenised residential assets are forecast to represent Dhs60bn in transactions by 2033, accounting for approximately 7 per cent of the emirate's real estate market. This growth is being driven by both local and foreign retail investors entering with as little as Dhs 500, gaining exposure to assets previously reserved for the ultra-wealthy. Commercial and mixed-use properties are also steadily gaining traction in the tokenisation ecosystem. Office buildings, retail strips, and multi-purpose developments are being fractionalised primarily for their predictable rental yields and long-term tenant contracts. Developers are leveraging tokenisation not only as a sales tool, but also as a financing mechanism — avoiding traditional debt structures. Shabana Farooq , m anaging partner and COO, URBAN Properties Innovation has always been at the heart of the real estate industry, from how we list and market properties to how we close deals and build client relationships. Tokenisation is the next evolution in that journey. We're constantly seeking smarter, faster, and more transparent ways to connect buyers with the right opportunities — and this technology allows us to do just that. It opens the door to a wider investor pool, fractional ownership models, and quicker transactions. Ultimately, it's about making real estate more accessible and engaging for today's digital-first customer. It won't replace the human element, but it will definitely enhance how we sell, communicate, and deliver value. Rakesh Mirchandani co-founder of RRS International Development and partner at RRS Capital ManagementProperties With Dubai leading as the first emirate to regulate real estate tokenisation, we're entering a new era of property investment. It offers a more accessible, hassle-free way to own and manage real estate — perfect for Gen Z, Gen Alpha and all those who prefer digital, blockchain-enabled solutions. Investors can start from just Dhs2,000 (approx. $545) and still proudly hold real estate while diversifying across other asset classes. While the concept is still new and comes with a learning curve, the benefits for both sides— greater transparency, global liquidity, and ease of ownership — make it an exciting and strong option, even for cautious investors and those who are traditionally risk averse. As this ecosystem grows we will educate ourselves to invest better. Captain Pradeep Singh , founder, Karma Developers Tokenisation will democratise real estate by enabling fractional ownership, increasing liquidity, and opening access to global investors. Given the right regulatory framework, we can expect it to evolve from a niche innovation to a mainstream investment vehicle — much like how REITs reshaped real estate decades ago. The UAE is already laying the groundwork, from the Dubai Land Department's pilot tokenisation project to VARA's regulatory frameworks. For tokenisation to scale, continued enhancements in regulatory clarity will further accelerate adoption, along with robust secondary markets and greater education among traditional stakeholders. So far, high-value residential and hospitality assets are leading the charge. There's growing interest in branded residences and lifestyle-led developments for tokenisation, particularly among younger, tech-savvy investors. However, as tokenisation becomes more mainstream than novelty, efficiencies would result in assets with good rental returns having higher trading volumes. For developers, tokenisation unlocks faster access to capital and broadens the investor base. For investors, it offers lower entry points, enhanced liquidity, and real-time transparency. We are still in the process of evaluating and understanding the advantages and challenges of smart contracts. Globally, one of the key challenges remains the lack of universal legal recognition — many jurisdictions don't treat them as fully enforceable contracts. Traditional agreements benefit from established legal frameworks, while smart contracts rely solely on code, which can be prone to errors with significant consequences. That said, smart contracts in Dubai's real estate sector offer significant potential for automation, transparency, and cost efficiency. However, as mentioned, adoption is in early stages and largely concentrated in tech-forward projects. Widespread implementation will depend on regulatory updates, increased stakeholder awareness, and seamless integration with DLD and other official platforms. The Gulf — and Dubai in particular — is leading the region in embracing tokenisation. Initiatives like the DLD's Real Estate Evolution Space and Riz Ahmed CEO, SmartCrowd In the next five to 10 years, real estate will exist as on-chain tokens backed by income-generating assets — programmable, tradable, and transparent. At SmartCrowd, we laid the foundation for this transformation through fractional ownership. Tokenisation builds on that, embedding real estate into blockchain to create digital assets that can be traded in real time, with smart contracts automating governance, compliance, and distribution. Unlike traditional platforms, settlement can now happen in minutes, not months. Dubai is no longer experimenting—it's implementing. With the Dubai Land Department issuing Tokenisation Certificates and VARA regulating virtual assets, the infrastructure is validated and government-backed. This is not just a tech innovation; it's an institutional-grade investment channel. Tokenisation will go mainstream not because it's trendy, but because it's better, merging the transparency of blockchain, the flexibility of fintech, and the legal robustness of traditional real estate. That said, education is key. Many still confuse tokenised real estate with crypto speculation. In reality, it's underpinned by tangible, income-producing assets with regulatory oversight. The idea that it's unregulated or untested couldn't be further from the truth — platforms like ours have proven the model works. Secondary residential properties are currently the most viable asset class due to title clarity, income track record, and regulatory ease. The biggest draw for developers is liquidity — tokenisation unlocks faster access to capital and reduces reliance on institutional buyers. For investors, it offers lower entry points, transparency, and the potential for real-time exits. What's needed next is deeper integration with mainstream finance apps, broader institutional participation, and continued regulatory collaboration. The UAE is setting the global playbook for tokenised real estate, and we're proud to help drive that change from the ground up. Looking ahead As the UAE cements its position as a global innovator in tokenised real estate, the road ahead lies in scaling adoption through education, regulation, and trust. With the right framework, what began as a tech-forward experiment could soon redefine the core of property ownership, investment, and access — not just in Dubai, but worldwide.

Ras Al Khaimah Tourism sector hits record 654,000 visitors in H1 2025
Ras Al Khaimah Tourism sector hits record 654,000 visitors in H1 2025

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When UAE deregulated oil prices 10 years ago, sparking 24% hike
When UAE deregulated oil prices 10 years ago, sparking 24% hike

Khaleej Times

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When UAE deregulated oil prices 10 years ago, sparking 24% hike

Ten years ago, UAE motorists woke up to a day when the government removed subsidies on fuel. It was a weekend — and with the deregulation of oil prices — pump prices were hiked by 24 per cent, aligning with global rates at that time. The new petrol and diesel prices were actually announced by the UAE Ministry of Energy three days earlier, on July 28, 2015. The most commonly used Special 95 petrol saw a 24 per cent increase from Dh1.72 during the subsidised oil price regime to Dh2.14, for a 42 fils hike per litre. Anticipating the increase, several petrol stations were abuzz with activity as drivers queued up to fill up their tanks before the hike came into play. Khaleej Times captured long lines of cars waiting at petrol stations in Dubai and Sharjah. Mixed emotions were also evident at petrol stations that day. As Khaleej Times reported, some motorists supported the move, while others felt they 'were not given enough information about the reasons for the hike.' 'I really think it's fair. The price is based on the fair market. I don't see any problem with this at all,' said one Dubai resident that day. While another one retorted, 'Of course, this petrol price hike is going to be a big problem for me. That extra cost adds up each time.' UAE motorists were used to enjoying cheap oil prices and some drivers who spoke to Khaleej Times expressed surprise at the rate of the increase. 'That seems like a lot. This will surely have repercussions,' noted a Pakistani expat who also anticipated an increase in taxi fares. Another Dubai driver said he believed the hike in petrol prices would primarily affect the large SUVs that are ubiquitous on the streets of the UAE. 'For me and my smaller car, this is okay,' noted the Indian expat who added: 'The problem here is that Dubai is a place where many, many people drive big cars. They will be the people who will end up having to pay much more.' Azhar Zia ur-Rehman, a long-time resident of the UAE, meanwhile, urged residents to not overreact to the announcement. 'Let us look at it logically instead of emotionally,' he said. 'The two major expenses for a family here are accommodation and education. If the government can bring these down, no one will mind paying the increased price for petrol.' Some residents also told Khaleej Times that a 24 per cent hike in fuel price 'is okay long as salaries rise faster than before.' On the brighter side, the price of diesel drastically went down that day — from Dh2.90 to Dh2.05 per litre. Traders reacted positively to the revised rate. On another note, Thomas Edelmann, founder and managing director of RoadSafetyUAE, said residents should treat the oil price deregulation as an opportunity to reflect on the link between fuel consumption and driving behaviour in the UAE. He said higher fuel prices usually lead to increased efforts from motorists to display a more economical behaviour. 'This usually results in a less fuel-demanding driving style, carpooling, avoiding of unnecessary trips, and a shift to use of public transportation,' he added. Simply put, fewer cars on the road means less congestion and less stress. 'It is fair to assume improved driving behaviour will not only impact our wallets, it could have a positive impact on road safety too,' Edelmann noted. Since the UAE deregulated petrol prices in 2015 and aligned them with global rates, the rates are revised at the end of every month. Fuel prices for August 2025 were announced on July 31. Super 98 petrol is Dh2.69 per litre, as compared to Dh2.70 last month. Special 95 petrol is Dh2.57 per litre, a neglible .05 fil increase to July's rate of Dh2.58. Diesel saw a slight increase at Dh2.78 per litre, compared to last month's Dh2.63, but still comfortably below the Dh2.90 per litre price 10 years ago, when oil prices were heavily subsidised.

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