Latest news with #AlMaktoumInternationalAirport
ME Construction
10 hours ago
- Business
- ME Construction
Barco Developers enters UAE property market to develop Community Centric Residences
Property Barco Developers enters UAE property market to develop Community Centric Residences By The company's first few projects are set to launch in Dubai South Barco Developers has officially entered the UAE property market. Founded by team of operators with over 25 years of experience in real estate, finance, consulting, F&B, and manufacturing, the company said that it aims to develop over 2m sqft of low- to mid-rise residential communities across Dubai and Ras Al Khaimah. The developer's leadership has successfully executed real estate and investment projects across Europe and North America. Now, the company brings this global expertise to the UAE market with a clear vision: to develop value-based communities where comfort meets technology, targeting the under-served end-user segment, said the statement. The company's first few projects are set to launch in Dubai South. The first project, a designed residential development will be officially launched soon. The pipeline also includes upcoming launches in Arjan, Dubai Land Residential Complex (DLRC), and Jebel Ali Hills. These projects focus on emerging neighborhoods that offer long-term livability and growth, the developer explained. 'With over 25 years of cross-sector experience, we've learned that lasting success lies in understanding real market needs and executing with precision. There's a clear opportunity to serve the growing number of professionals and families seeking more than just housing, we are here to serve those who want a connected, modern lifestyle at a fair price,' commented Safdar Badami, Director at Barco Developers. Dubai South's transformation into a major business and residential hub, supported by its proximity to Al Maktoum International Airport and the Expo 2020 legacy infrastructure, has led to the initial focus on this area for projects. 'At Barco, we're re-imagining residential living in the UAE by bringing high-quality, smart home communities to emerging markets. We're taking a disciplined, data-driven approach to development, one that prioritises long-term value over short-term gains,' remarked Saadaat Bajwa, Director at Barco Developers. 'Each of our projects is backed by rigorous market analysis, efficient design practices, and a commitment to sustainable construction.' Barco Developers is dedicated to constructing homes that prioritise high utility, contemporary design, and tech-enabled amenities. These homes are designed with end users in mind, rather than short-term investors. By targeting mid-income buyers in key growth areas, the company aims to fill a significant market gap, while ensuring long-term value for residents and stakeholders, the statement concluded.
Mid East Info
3 days ago
- Business
- Mid East Info
Barco Developers Enters UAE with Plans for 2 Million+ Sq. Ft. Community Centric Residences - Middle East Business News and Information
Dubai, UAE, August 2025 — Barco Developers, a new UAE-based real estate developer founded by a team of seasoned operators with over 25 years of experience across real estate, finance, consulting, F&B, and manufacturing, has officially announced its entry into the UAE property market with plans to develop over 2 million square feet of low- to mid-rise residential communities across Dubai and Ras Al Khaimah. Barco Developers's leadership has delivered successful real estate and investment projects across Europe and North America. The company now brings this global expertise to the UAE market with a clear vision: to develop value-based communities where comfort meets technology targeting the underserved end-user segment. The first few projects are set to launch in Dubai South , starting with a thoughtfully designed residential development to be launched officially soon. The pipeline also includes upcoming launches in Arjan , Dubai Land Residential Complex (DLRC) , and Jebel Ali Hills , with a focus on emerging neighborhoods offering long-term livability and growth. 'With over 25 years of cross-sector experience, we've learned that lasting success lies in understanding real market needs and executing with precision. There's a clear opportunity to serve the growing number of professionals and families seeking more than just housing, we are here to serve those who want a connected, modern lifestyle at a fair price,' said Safdar Badami, Director at Barco Developers. The focus on Dubai South for the initial projects aligns with the area's rapid transformation into a major business and residential hub, supported by proximity to Al Maktoum International Airport and the Expo 2020 legacy infrastructure. 'At Barco, we're reimagining residential living in the UAE by bringing high-quality, Smart home communities to emerging markets. We're taking a disciplined, data-driven approach to development, one that prioritizes long-term value over short-term gains,' said Saadaat Bajwa, Director at Barco Developers. 'Each of our projects is backed by rigorous market analysis, efficient design practices, and a commitment to sustainable construction.' Barco Developers is focused on delivering homes that offer high utility, modern design, and tech-enabled amenities, designed for end users rather than short-term investors. By targeting mid-income buyers in key growth zones, the company aims to address an important market gap while creating long-term value for residents and stakeholders alike. About Barco Developers: Barco Developers is a UAE-based real estate development company driven by operators with over 25 years of cross-sector experience spanning real estate, finance, consulting, F&B, and manufacturing. Founded on the principles of process, delivery, and credibility, Barco Developers integrates full-cycle development with a long-term ownership mindset. With a growing pipeline of projects in Dubai and Ras Al Khaimah, Barco Developers is committed to building value-driven residential communities that blend smart technology, functionality, and comfort — tailored to the evolving needs of end users in the UAE.
Scottish Sun
5 days ago
- Business
- Scottish Sun
Rival to world's biggest airport to cost £23.6billion – with 260million passengers and direct UK flights
Plus, more on the huge airport being built in Saudi Arabia that will be the size of 14,000 football fields BIG SHOT Rival to world's biggest airport to cost £23.6billion – with 260million passengers and direct UK flights Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) DUBAI is expanding its airport that will become the world's biggest once built and is set to open in seven years time. The expansion of Al Maktoum International Airport in Dubai will make it even bigger than the King Salman International Airport which is currently being constructed in Saudi Arabia. Sign up for Scottish Sun newsletter Sign up 4 Al Maktoum International Airport is going through a huge expansion Credit: Dubai Government 4 The first phase of the airport is set to be completed in 2032 Credit: Dubai Government/ Coop Himmelb(l)au In comparison to the airport in Saudi Arabia, which also wants to be the world's biggest, Al Maktoum International Airport will be a whopping 70 square kilometres rather than 56. The expansion means that the Dubai airport will be able to manage 260 million passengers per year once fully constructed. King Salman International Airport will be able to handle 185 million. The first expansion phase of Dubai's airport is set to be completed in seven years, and will be able to handle up to 150 million passengers. Read More on Airports TAKE OFF My ultimate budget travel checklist - all the tricks to save HUNDREDS on flights It will have a brand new passenger terminal with a futuristic canopy with lots of greenery and water features across four concourses. The current Al Maktoum International Airport is 22 miles outside of the city and first opened in 2010. Now, it's undergoing a huge expansion that will stretch across 70 square kilometres. Eventually it will have over 400 aircraft gates making it five times the size of Dubai International Airport. After the first phase, the airport can take 150 million passengers which will increase to 260 million passengers per year once construction is fully complete. The airport is also going to be technologically advanced with automated travel systems, AI security check and robot staff. World's biggest airport to open by 2030 with six runways and 120million passengers a year 4 The airport will be technologically advanced Credit: Dubai Government/ Coop Himmelb(l)au The robots will be used for various tasks, including baggage handling and potentially customer service roles too. Flights from the UK will arrive at this airport, as there are 22 non-stop journeys per day from UK airports to Dubai International Airport. But that airport will close once the new runways at Al Maktoum International Airport are operational. All of the flights will be redirected to the new site - including those from the UK. The boss of Dubai International Airport, Mr Griffiths spoke at the Arabian Travel Market conference and said: 'We will move every single service to DWC." Mr Griffiths added that the land occupied by DXB would likely be redeveloped once the airport closes: 'DXB will close and we'll redevelop the area. It will spread the city out.' Al Maktoum International Airport will be even bigger than the King Salman International Airport which is being constructed in Saudi Arabia. King Salman International Airport is on schedule to open in 2030 and will be the size of 14,000 football fields. It's being built around the existing King Khalid International Airport in Riyadh. The airport will be 57 square kilometers, have six runways and will eventually see 185 million passengers once fully complete in 2050. Currently, Brits can fly directly from London to Riyadh with an average flight time being six hours and 42 minutes . These flights are likely to continue and even increase with the opening of the new airport. Plus, the three regional airports across the UK to get new airlines and holiday destinations. And the new £25 billion mega airport opening in Europe to 'take on Heathrow and Dubai' with 65 million passengers.
Time Business News
02-08-2025
- Business
- Time Business News
Top Palm Jebel Ali Investment Opportunities 2025
Palm Jebel Ali is an ambitious man-made island, than Palm Jumeirah, which is gaining popularity. As the Palm Jebel Ali investment opportunities are worth it in the world for international investors. This is popular for ultra-luxurious accommodation, stable income, and capital gains over time. The reinstallation, after land reclamation taking place in 2024. The villas are being constructed in the first part of 2025, and the first delivery of the ultra-luxury waterfront villas is planned at the end of 2026, with the more widespread delivery at the start of 2028. Palm Jebel Ali is an enormous price lower in comparison to the Palm Jumeirah, including lower price-per-square-foot, larger plots, and a larger opportunity to own high-profile coastal real estate before the value increases even more. Covering 13.4 km on land, 16 fronds, and more than 90 km of beachfront, the Palm Jebel Ali features luxury Palm Jebel Ali villas for sale, top-class apartments, retail, hotels, marinas, green spaces, smart-city infrastructure, as well as a water-themed park. It will be constructed to world standards of sustainability in integrated coastal development. The development is next to Jebel Ali Free Zone, easily accessible along Sheikh Zayed Road, and close to the future Al Maktoum International Airport. It means it has excellent transport links to the economic centres of Dubai, contributing to rental demand as well as future capital appreciation. In early 2025, Nakheel Palm Jebel Ali registered AED 11.3 billion of property sales, more than Palm Jumeirah at the same period- an indication of the high early interest and confidence by investors. Analysts in the industries anticipate 10 15% annual accretion, and 6 8 % rental yields on first-rate assets. In May 2023, the relaunch and masterplan were personally signed off by the leadership of Dubai. Dubai Holding and Select Group (with Emirates Strategic Investments ) sign the agreement in July 2025, to develop large-scale residential and hospitality projects within The World- the first time. So that a privately run developer speaks in a collaborative role with Nakheel in developing the island. Dubai waterfront investment has villas with their steadfast beaches and a magnificent view of the Arabian Gulf. Units in the early stages are being sold at approximately AED 18 million+, with robust resale and rental prospects as development progresses. Five-star facilities, service apartments, and branded residences will be provided with good yields. Entrance rates are ED 3 million + on the cheap side, which best suits investors in the high-return, low-ticket categories. Luxury brands and F&B ventures attract the beachfront shops and leisure facilities along the marina. This space can have a consistent walk-in, as well as high rent income across the year. The freehold policies in Dubai mean that anyone in any part of the world can have the freedom to buy property in Palm Jebel Ali. Dubai offers a zero-tax on buildings and gains, a contemporary legal framework, and protection to investors, adding a degree of certainty for international proprietors. Palm Jebel Ali is available in high global interest, scarce waterfront inventory, and new infrastructure, along with upscale facilities. These provide a high long-term appreciation and appealing returns in terms of rent. Palm Jebel Ali is also being marketed as a calmer, more secluded place to visit than the more urban Palm Jumeirah. It has fewer houses, bigger plots, and over-the-top amenities needed by those who desire not only prestige but peace and quiet as well. Key Motive Why It Matters Why It Matters Early Access Acquire Palm Jebel Ali real estate before values climb Price advantage, larger inventory Positioned for Growth High demand + strategic location + landmark quality Strong future rental & resale returns Mixed-Use & Connectivity Villas, apartments, marinas, and hotels close to transport Lifestyle uplift and diversified investment exposure Government Alignment Dubai-backed and developer-partnered initiative Reduced execution risk, long-term planning clarity Engage a trusted agent or licensed realtor: Employ an agent or licensed realtor who knows the Palm Jebel Ali masterplan as well as available off-plan property. Evaluate payment plans: Most developers come up with industry-based installment payments during construction and after transfer. Confirm logistics: Visa possibility, finance flow, administration of real estate, and rental market knowledge. Visit or view virtual tours of released fronds to select a location based on exposure, privacy, and future potential. Track major milestones: Go to see or view virtual tours of the released fronds to choose a site in terms of exposure, privacy, and prospects. There are also international investors buying master-plan units, specifically those based in the UK, India, GCC countries, and Europe. Brokers have constantly remarked how the world is seeking Palm Jebel Ali relative to overpopulated sectors in other parts of Dubai. Even at this initial phase, it has been reported that beachfront villas have been bought by high-profile buyers, including celebrities, further adding prestige and market confidence to the development. The second frontier of the luxurious real estate expected by the global investors is Palm Jebel Ali. It is less small-scale, with better planning, a unique way of life, and high governmental support. Whether you are a global investor, expatriate, or HNWI, considering diversification or anchoring your real estate investment portfolio in Dubai. The Palm Jebel Ali investment opportunities are a good option. Offering gradual handovers as early as the end of 2026 and completion as early as 2028, it is your gateway towards demand speeding up and appreciation becoming firm. TIME BUSINESS NEWS
Time Out Dubai
01-08-2025
- Business
- Time Out Dubai
Dubai news: The week's big headlines; Asia Cup, DXB operations to DWC, new Emirates route
It's been another big week of Dubai news. With the start of August coming this week, it's all change in Dubai with several new initiatives and sales now underway. In air travel, Dubai's main airport revealed record-breaking traffic for the first half of the year and we found out when all operations will eventually move to Al Maktoum International Airport. Some new rules have been introduced that you'll need to know about too, with paid parking set to be introduced at mosques and influencers will now need an advertising permit. It's going to be a lot to take in, so maybe it's best you read this all while you lie down on the sofa. The major Dubai news you may have missed this week Eat for Dhs10 at 188 different restaurants in August (Credit: Canva) Dubai is serving up Dhs10 dishes this summer, offering some of the city's best meals for a fraction of the price. Launched for the first time as part of Dubai Summer Surprises, the initiative will see restaurants all over the city offer up a particular plate for less. Running from Friday August 1 until Sunday August 31, you'll be able to treat yourself to flavours from over 190 unique restaurants for only Dhs10. The bargain event will be spread all across the city as more than 700 outlets from 188 brands will be taking part across the city's malls and dining hotspots. No bookings or vouchers are required, all you have to do is visit a participating outlet and ask for the Dhs10 dish. To see all the restaurants taking part, head here. Record-breaking passenger numbers at DXB (Credit: DXB) Dubai International Airport has revealed it has had a record-breaking year, welcoming an impressive 46 million passengers so far. Only counting the first half of 2025, DXB confirmed this is its busiest year on record, already beating 2024 by 2.3 percent. The busiest month of the year so far was January, welcoming an impressive 8.5 million guests passing through the terminals. This was closely followed by April, which saw 8 million passengers throughout the month. Catering to flights from all over the world, the airport also confirmed that in the first six months of the year, 220,000 flights were handled coming into and out of the city. Dubai Mallathon is here Mall of the Emirates (Credit: Mall of the Emirates) A huge new fitness initiative, which will convert Dubai's biggest malls into running tracks, has now got underway. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, launched the unique Dubai Mallathon project on Thursday July 24. The Dubai Mallathon has set up dedicated walking and running tracks inside seven Dubai shopping malls, including Dubai Mall, Mall of the Emirates, Dubai Hills Mall, Deira City Centre, Springs Souk, City Centre Mirdif and Dubai Marina Mall. These malls will be transformed into organised health and fitness tracks during morning hours, from 7am until 10am, all throughout August. More people are using public transport than ever before Credit: Supplied More people are using public transport in Dubai than ever, according to the latest figures. According to the Dubai Roads and Transport Authority (RTA), an impressive 395.3 million riders have used public transport in the first half of 2025. Explaining why your commute on the Dubai Metro might be feeling a little busier, the RTA confirmed this is a nine percent increase on the same time last year. In the first half of 2024, there were 361.2 riders, which works out at around nearly 2.18 million daily. Counting the Dubai Metro, Dubai Tram, public buses, maritime transport, taxis and on-demand buses, there are plenty of ways to get around the city without having your own car. Asia Cup to be played in the UAE The UAE will host some big matches during the Asia Cup (Credit: Dubai International Cricket Stadium) The Asian Cricket Council has confirmed that the United Arab Emirates will host the 2025 Asia Cup. Following a meeting in Dhaka on Thursday July 24, ACC president Mohsin Naqvi confirmed that the tournament will officially be held in the UAE. The biennial cricket tournament will be played between Tuesday September 9 and Sunday September 28. While venues have not officially been confirmed, it's likely that the Dubai International Cricket Stadium will host some of the biggest matches, which could include Pakistan vs India. All DXB operations to move to Al Maktoum International Airport by 2032 The exterior of Al Maktoum International Airport (Credit: Coop Himmelb(l)au) Every single service at the world's busiest international airport will eventually move to Al Maktoum, according to the Dubai Airports CEO. And the latest target states that Dubai Airports bosses plan to move all operations from Dubai International Airport to Al Maktoum International Airport, also known as DWC, by 2032. As DXB continues to break its own record passenger numbers, the capacity of the airport can only stretch to a maximum of about 110-115 million per year – even with the many technological advancements introduced in recent years. In contrast, DWC will eventually have the capacity for 260 million passengers annually once it has been completed. While all operations are expected to move to DWV by 2032, the full megaproject is unlikely to be completed until the 2050s. Dubai Airports is encouraging airlines to make a phased migration from DXB to DWC, with airlines taking up slots at DWC when DXB isn't available. Free ice cream at DXB (Credit: Canva) Brand Dubai, the creative arm of the Government of Dubai Media Office, handed out free scoops of soft-serve ice cream and refreshing drinks to people arriving at DXB. The giveaway finished on Tuesday July 29, as part of the #DubaiDestinations summer campaign. Ice cream trucks were stationed at various points near the arrivals area at Terminal 3 of the world's busiest international airport. The trucks were operated by the homegrown brand KUHP, shining a spotlight on the emirate's traditions of local hospitality. Influencers now need an advertising permit New rules for influencers have been introduced (Credit: Canva) Here's a swift heads-up for content creators and influencers – the UAE has just introduced new rules affecting online content. The UAE Media Council has issued new regulations which require content creators to get an advertiser permit if they're posting promotional content on social media – regardless of whether their content is paid or unpaid. The policy, introduced on Wednesday July 30, seeks to provide greater transparency and professionalism in the influencer space. Advertising permits will be free for the first three years, and any existing permits will remain effective until expiry, with renewal applications available thereafter. Content creators visiting the UAE will also be required to grab a visitor advertising permit, authorising them to create promotional content online. This one will be valid for three months and renewable once for a further three months. Huge one day sale at Dubai Hills Mall (Credit: Dubai Hills Mall) One of Dubai's most popular malls is hosting a mega sale this Saturday, and you could get up to 90 percent off. As part of the final month of the annual Dubai Summer Surprises event, Dubai Hills Mall is having a special one-day-only sale. A whopping 47 brands are participating in the Saturday August 2 sale, including the likes of Calvin Klein, Abercrombie and Fitch and Barbour. You can grab up to 90 percent off at American Rag Cie, F5 and Home Centre as part of the event. New Dubai exit to cut travel time by over 50% on major road (Credit: Dubai Media Office) The Dubai Roads and Transport Authority (RTA) has announced it will be opening a new exit that will cut travel time by over 50 percent on a major city road. Opening in early August 2025, the exit will open towards Ras Al Khor Road from Financial Centre Street to allow for better traffic flow. Open to vehicles travelling from Financial Centre Street near the Bu Kadra Interchange, the improvements are some of a series happening in the Ras Al Khor area. Bordering several major developments and industrial areas, peak hour travel time on the road should be reduced by an impressive 54 percent. Paid parking to be introduced at mosques The Islamic Affairs and Charitable Activities Department and Parkin sign first-of-its-kind partnership to organize smart parking around mosques in Dubai. In phase one, Parkin will operate and manage approximately 2,100 parking spaces across 59 sites, providing free parking for… — Dubai Media Office (@DXBMediaOffice) July 31, 2025 The Islamic Affairs and Charitable Activities Department has entered a strategic partnership with Parkin. As part of the agreement, Parkin will operate and manage 2,100 parking spaces across 59 places of worship in Dubai. Paid parking will be rolled out by August at these sites and will be chargeable 24 hours a day, seven days a week outside of prayer hours. During prayer time, mosque visitors will be able to park free of charge for up to one hour. The agreement aims to make it easier for worshippers to find a parking space during prayer and improve access to mosques at all times. Parking spaces will be designated as Zone M for standard spaces and Zone MP for premium spaces, 41 sites will be located in Zone M and 18 in Zone MP. This means that tariffs will be Dhs2 for 30 minutes in Zone M sites and in MP at off-peak times, but will be Dhs3 in MP at peak times. For a full hour, tariffs will be Dhs4 in Zone M and in Zone MP at off-peak times. During peak times, Zone MP parking will be Dhs6 for an hour. For more parking changes head here. Emirates launches flights to Hangzhou Emirates will fly daily to Hangzhou (Credit: Canva) The world's largest international airline has officially launched a brand new daily non-stop route. Flying out of Dubai International Airport, the new Emirates service travels to Hangzhou – one of China's biggest cities. Emirates' latest expansion, which was first announced in May, is the airline's fifth gateway into the Chinese mainland after Beijing, Guangzhou, Shanghai and Shenzhen. Emirates' newest route flies with a three-class Boeing 777-300ER and took off for the first time on Wednesday July 30. This route will provide 2,478 weekly seats to the largest city in Zhejiang province. Things to do in Dubai Where to get the viral FIX chocolate in Dubai (or the best dupes if you can't) Get that sweet tooth satisfied 50 free things to do in Dubai You won't believe what you can do 47 brilliant family-friendly days out in the UAE For you and the little ones
