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Gulf Business
30-04-2025
- Business
- Gulf Business
Dubai International: Here's what makes it the world's leading airport
Image credit: dubaiairports/ Media Library Dubai International (DXB) welcomed 23.4 million guests in the first quarter of 2025, maintaining strong momentum and reinforcing its position as the world's leading international airport. This performance reflects both Dubai's growing appeal as a global destination and DXB's continued role as the gateway of choice for millions of travellers. Image credit: Supplied Increase in traffic Traffic rose by 1.5 per cent compared to the same period in 2024, despite Q1 last year setting a record. January alone saw the highest monthly traffic ever recorded at DXB, with 8.5 million guests—a milestone made possible not only by infrastructure but also by the coordinated effort of thousands behind the scenes. India: DXB's top destination country India remained DXB's top destination country, with 3 million guests, followed by Saudi Arabia (1.9 million), the UK (1.5 million), Pakistan (1 million), the US (804,000), and Germany (738,000). At the city level, London led with 935,000 guests, followed by Riyadh (759,000), Jeddah (627,000), Mumbai (615,000), and New Delhi (564,000). Leisure travel also surged during the quarter, driven by seasonal peaks at the start of the year, Eid holidays, and spring break. Notable double-digit increases in traffic were recorded to destinations such as the Czech Republic (+30.6 per cent), Vietnam (+28.6 per cent), and Spain (+20.2 per cent). Image credit: Supplied Cargo volumes Cargo volumes saw a slight year-on-year contraction of 3.6 per cent in Q1, with DXB handling 517,000 tonnes. People behind DXB's peak performance Beyond the numbers, it is the people behind DXB's peak performance who make a meaningful impact. Across its terminals, the dedication, agility, and guest-first mindset of the oneDXB community—from Dubai Airports teams to government partners, airlines, and commercial operators—are vital in delivering exceptional guest experiences. For instance, DXB's Lost and Found team, in coordination with Dubai Police, recovered and returned a bag containing Dh102,000 in cash, passports, and personal documents within 30 minutes—providing peace of mind to two brothers travelling home after a family tragedy. In another memorable moment, immigration officer Abdullah Al Baloushi paused a departing guest in a wheelchair, not for inspection but to allow her son a few extra moments to say goodbye. His kindness was publicly praised by His Highness Sheikh Mohammed bin Rashid Al Maktoum, who said: 'A salute to whoever brings a smile or joy to a traveller's heart. This is the Dubai we want.' Operational highlights 'Our Q1 performance lays a strong foundation for the year—not just in guest numbers, but in the calibre of the people behind them,' said Paul Griffiths, CEO of Dubai Airports. 'Delivering the busiest month in DXB's history while maintaining exceptional service levels across baggage, guest flow, and accessibility is no small feat. It requires precision, agility, and extraordinary teamwork.' Griffiths added: 'What makes this possible is the collective effort of our oneDXB community, with each member playing a critical role at every touchpoint. This shared culture of collaboration and consistency is what drives our high performance and meets the growing expectations of our guests.' Flight movements and efficiency DXB recorded 111,000 flight movements in Q1, up 1.9 per cent year-on-year, with an average of 215 guests per flight. Despite growing guest volumes, the airport maintained operational efficiency. Over 21 million bags were processed, with mishandled baggage rates reduced to fewer than 1.95 per 1,000 guests—equivalent to a 99.8 per cent success rate. Minimal wait times and inclusive services Thanks to real-time monitoring and biometric passport control, over 95 per cent of guests experienced minimal wait times across key airport touchpoints. Accessibility enhancements—including services for People of Determination and guests with hidden disabilities—underscore DXB's commitment to inclusive, guest-centric travel. Dubai Airports' strong organisational culture underpins this performance. In Q1, the organisation received the Gallup Exceptional Workplace Award, reflecting long-term investments in employee wellbeing, engagement, and leadership development. DXB: World's busiest for 11th year In March, DXB was named the world's busiest international airport by Airports Council International (ACI) for the 11th consecutive year. The airport connects travellers to 269 destinations in 106 countries, served by 101 international carriers. Dubai Airports: Did you know? Dubai Airports operates both Dubai International (DXB) and Al Maktoum International (DWC). As an integrator, Dubai Airports balances stakeholder interests to support aviation growth, operational resilience, and a secure, seamless travel experience. In 2024, DXB welcomed 92.3 million guests—the highest annual traffic in its history. DWC represents Dubai's future aviation vision, with expansion plans announced in May 2024 and a record $35 billion investment. Over the next decade, DWC will accommodate 150 million passengers annually, eventually scaling to 260 million passengers and 12 million tonnes of cargo. With five runways, futuristic design, and seamless intermodal connectivity, DWC aims to set new benchmarks for global air travel over the next 50 years.
Al Etihad
30-04-2025
- Business
- Al Etihad
DXB delivers a strong start to 2025 with 23.4 million guests in Q1
30 Apr 2025 09:55 DUBAI (ALETIHAD)Dubai International (DXB) welcomed 23.4 million guests in the first quarter of 2025, maintaining strong momentum and reinforcing its position as the world's leading international airport. The performance reflects Dubai's growing appeal as a global destination and DXB's continued role as the gateway of choice for millions of was up 1.5% compared to the same period in 2024, despite a record-breaking Q1 last year. January alone saw the highest monthly traffic ever recorded at DXB - welcoming 8.5 million guests – an achievement made possible not just by infrastructure, but by the coordinated effort of thousands of people behind the retained its position as DXB's top destination country, with 3 million guests, followed by Saudi Arabia (1.9 million), the UK (1.5 million), Pakistan (1 million), the US (804,000), and Germany (738,000). At the city level, London led with 935,000 guests, followed by Riyadh (759,000), Jeddah (627,000), Mumbai (615,000), and New Delhi (564,000). Leisure travel also surged during the quarter, driven by a seasonal peak at the start of the year, Eid holidays, and spring break, with double-digit increases in traffic to destinations such as the Czech Republic (+30.6%), Vietnam (+28.6%), and Spain (+20.2%).Cargo volumes registered a minor contraction of 3.6% year-on-year during the first quarter, with DXB handling 517,000 tonnes of the numbers tell one story, it's the people behind DXB's peak performance who continue to make the real difference. Across its terminals, the dedication, quick thinking, and guest-first mindset of the entire oneDXB community – from Dubai Airports' teams to its government partners, airlines, and commercial operators – plays a critical role across every touchpoint, turning operational excellence into exceptional guest example, one standout moment was from our DXB Lost and Found team who worked with Dubai Police to recover and return a bag containing Dh102,000 in cash, passports, and personal documents within just 30 minutes of it being reported missing - ensuring peace of mind in a moment of crisis for two brothers who were travelling home after receiving news that a family member had passed away. Or immigration officer Abdullah Al Baloushi, who kindly stopped a departing guest in a wheelchair, not for an inspection but to give her son a little more time to bid her farewell. The act was recognised and praised by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, who personally acknowledged it on social media: 'A salute to whoever brings a smile or joy to a traveller's heart. This is the Dubai we want."Paul Griffiths, CEO of Dubai Airports, said, 'Our Q1 performance sets a strong foundation for the year ahead, not only in terms of guest numbers but in the calibre of the people behind them. Delivering the busiest month in DXB's history while maintaining exceptional service levels across baggage, guest flow, and accessibility is no small feat. It requires precision, agility, and an extraordinary team effort.'What makes this possible is the collective effort of our oneDXB community, with each member playing a critical role across every touchpoint. This shared culture of collaboration and consistency is what elevates our performance and ensures we meet the growing expectations of our guests, every single day.'DXB also recorded 111,000 flight movements in Q1, up 1.9% over the same period last year, with an average of 215 guests per flight. Despite the continued growth in guest volumes, DXB sustained high levels of operational efficiency. More than 21 million bags were processed in Q1, with the rate of mishandled baggage reduced to fewer than 1.95 bags per 1,000 guests, translating to a success rate of 99.8%.Meanwhile, the use of real-time monitoring systems and biometric passport control helped ensure that more than 95% of guests experienced minimal wait times across key airport touchpoints. Accessibility enhancements, including dedicated services for People of Determination and guests with hidden disabilities, further demonstrate DXB's commitment to inclusive, guest-centric consistency is backed by a strong organisational culture. In Q1, Dubai Airports was recognised with the Gallup Exceptional Workplace Award, a reflection of its long-standing investment in employee wellbeing, engagement, and leadership development. It's this commitment to people – both employees and guests – that helps show how an exceptional workplace culture drives real results. In March, DXB was also named the world's busiest international airport by Airports Council International (ACI) for the 11th consecutive year. The airport connects travellers to 269 destinations in 106 countries, served by 101 international carriers.
Al Etihad
28-04-2025
- Business
- Al Etihad
United Arab Bank posts 49% growth in Q1 2025 net profit
28 Apr 2025 19:12 ABU DHABI (ALETIHAD)United Arab Bank (UAB) reported a strong start to 2025, delivering a 49% year-on-year (YoY) growth in net profit for the first quarter. The bank recorded a net profit of Dh102 million for Q1 2025, compared to Dh68 million in the same period last year, driven by improved operating performance and strong recoveries leading to lower net impairment assets grew 31% YoY to Dh23.4 billion, supported by an 31% increase in loans, advances, and Islamic financing, and a 29% rise in investments. Customer deposits also surged 40% YoY, underscoring robust business maintained a strong capital position, with a Common Equity Tier 1 (CET1) ratio of 12.6% and a total capital adequacy ratio of 17.1%, both comfortably above regulatory thresholds. The bank's gross non-performing loan (NPL) ratio improved to 3.4% from 4.8% a year earlier, with a coverage ratio of 118%.The bank's liquidity profile also remained solid, evidenced by an advances-to-stable-resources ratio of 73.7% and an eligible liquid asset ratio of 18.0%.Shirish Bhide, Chief Executive Officer of United Arab Bank, commented: 'UAB has started 2025 on a very strong note and our first quarter results continue to reflect the sound growth strategy we have put in place. We have been able to achieve above average growth in assets and profits, while maintaining sound levels of capital and liquidity. "With our recently approved plans to increase the Bank's capital (CET1) through a Rights Issue of up to Dh1.032 billion, we can now continue to confidently execute our medium-term strategy of generating sustainable growth and shareholder value.' UAB, established in 1975 in the emirate of Sharjah, offers a comprehensive range of wholesale, retail, treasury, and Shariah-compliant banking services and is listed on the Abu Dhabi Securities Exchange (ADX).
Khaleej Times
09-04-2025
- Khaleej Times
Dubai Police find, return bag with Dh102,000 cash, passports in 30 minutes
Within 30 minutes from the report being filed, Dubai Police found and returned a bag filled with Dh102,000 in cash at Terminal 1 of the emirate's airport. Two brothers, from Kuwait, were flying back home after receiving news that a family member had passed away. In the rush of trying to book a return ticket to get back in time, and boarding the flight, they left behind their bag full of cash, passports and other personal belongings. After boarding the aircraft, they realised they had left their bag behind and quickly informed their sister, who had come to drop them off at the airport. Their sister immediately reported the missing bag to the police office at the airport. Brig. Hamouda Belsuwaida Al Ameri, Director of the General Department of Airport Security, said that specialised teams swiftly located the bag and ensured it was delivered to their sister within just 30 minutes, following official procedures. He also highlighted the expertise of the Lost and Found team, who handle such cases efficiently and accurately. In earlier instances, Dubai Police have even identified and secured lost belongings before their owners realized they were missing. Al Ameri reaffirmed Dubai Police's commitment to upholding the highest standards of security and safety at Dubai's airports: "Our teams remain fully prepared to handle all types of reports, ensuring a seamless travel experience and enhancing passenger comfort and satisfaction during their time in Dubai."
Khaleej Times
05-02-2025
- Business
- Khaleej Times
Dubai realty market records 24% surge in value
Dubai's real estate market recorded robust growth in January 2025, particularly in the off-plan segment, according to the latest data from Property Finder. The market recorded approximately 14,238 transactions, marking a significant 23 per cent increase compared to January 2024. The total value of these transactions reached Dh44.4 billion, reflecting a 24 per cent rise year-on-year. Property seekers displayed a clear preference for specific types of housing. Among those looking to invest or purchase properties, 31 per cent sought one-bedroom units, while 37 per cent preferred two-bedroom apartments. Studio apartments attracted 15 per cent of potential buyers. For villas and townhouses, 37 per cent were interested in three-bedroom units, and a notable 50 per cent favoured four-bedroom or larger options. The most sought-after locations for apartments included Dubai Marina, Jumeirah Village Circle, Downtown Dubai, Business Bay, and Palm Jumeirah. Meanwhile, villa buyers showed strong interest in Dubai Hills Estate, Palm Jumeirah, Dubai Land, Al Furjan, and Damac Hills 2. Rental preferences also highlighted market trends. About 59 per cent of tenants looking for furnished properties, while 39 per cent opted for unfurnished options. In the villa market, 52 per cent of tenants sought furnished units, compared with the 48 per cent looking for unfurnished ones. The top areas for rental searches included Jumeirah Village Circle, Dubai Marina, Downtown Dubai, Business Bay, and Deira for apartments, while Jumeirah, Dubai Hills Estate, Damac Hills 2, Al Barsha, and Al Furjan were popular for villas. When examining the off-plan versus existing market dynamics, the existing market saw a significant uptick with approximately 6,918 transactions recorded — up from 5,185 in January 2024, which translates to a 32 per cent increase in transaction volume and a 41 per cent increase in value. Notably, Palm Jebel Ali achieved Dh2.1 billion in transaction value across 95 deals, while Al Yelayiss 1 experienced a remarkable surge, reaching Dh1.7 billion, up from just Dh102 million last year. Conversely, the off-plan market experienced a slight decline of 1.3 per cent in transaction value, totalling Dh15.1 billion, down from Dh15.3 billion in January 2024. This marks the first decline in off-plan transaction value in three years. However, the number of off-plan transactions rose by around 15 per cent, comprising 52 per cent of total transactions in January 2025. Cherif Sleiman, chief revenue officer at Property Finder, said January 2025 marked significant milestones in the UAE's real estate sector, showcasing resilient momentum. 'Recent initiatives, including the Dubai Land Department's expansion of freehold ownership, are reshaping the landscape by unlocking new opportunities for investors and homeowners.' Sleiman also noted that the Central Bank of the UAE's emphasis on responsible lending is fostering a more stable financial environment, reinforcing long-term market growth. These developments align with the Dubai Real Estate Sector Strategy 2033, signalling a transformative phase for the industry. ValuStrat forecasts that Dubai's residential market will continue its upward trajectory in 2025, albeit at a slower pace. Economic growth, rising demand, and positive sentiment contribute to this outlook, with capital values projected to increase by 5-10 per cent throughout the year. Adding to this positive sentiment, Engel & Völkers Middle East reported that off-plan transactions accounted for 63 per cent of all property sales in 2024, up from 54 per cent in 2023. This shift indicates growing demand for new developments driven by competitive pricing and attractive payment plans. Total residential sales transactions surged by 40.3 per cent to 170,992 units in 2024, underscoring sustained investor confidence in Dubai's property market. Luxury properties remain a focus, with Palm Jumeirah, Downtown Dubai, and Dubai Marina attracting high-net-worth individuals. Emerging developments like Palm Jebel Ali and The Oasis are generating new interest in off-plan projects, catering to buyers seeking exclusivity and long-term capital appreciation. "The continued dominance of off-plan sales reflects a clear shift in buyer preferences, with investors looking for properties that offer long-term value," said Daniel Hadi, CEO of Engel & Völkers Middle East. "Government-led initiatives, such as long-term visas and free zone expansions, further enhance Dubai's appeal as a premier real estate investment hub."
