Latest news with #Dubai2040
UAE Moments
22-07-2025
- UAE Moments
Dubai Metro & Etihad Rail Works Trigger Major Road Closures
Big things are moving (literally) as the UAE rolls out two major transport upgrades: Dubai Metro's Blue Line and Etihad Rail. But while the future looks smoother, today's commute might not — because road closures and diversions are already in place. Etihad Rail: Sharjah Drivers, Take Note If you're from Sharjah (or brave the daily drive to Dubai), heads up: Mleiha Road to Sharjah Ring Road near University Bridge is closed from July 1 to August 30. This is to make space for the Etihad Rail, which will eventually connect all seven emirates and even link the UAE to the rest of the GCC. Translation: fewer hours stuck in traffic, more time doing literally anything else. Mirdif Closures: Dubai Metro Blue Line in Action Dubai's newest line — the Metro Blue Line — is bringing shiny new stations (one being the world's tallest metro station, no less). But for now, Mirdif residents and City Centre regulars will need to reroute. Closures include: The roundabout at 5th and 8th Street near City Centre Mirdif Diversions toward Algeria Street A new access road to the mall's parking U-turns near Ghoroob Square for smoother exits So yeah, leave earlier if you're mall-hopping or living nearby. Academic City: More Cones, Less Speed In Dubai Academic City, where the Blue Line will serve over 50,000 students by 2029, road work is already underway. Here's what's blocked: It's part of the UAE's bigger vision for a '20-minute city' under the Dubai 2040 Master Plan — where essential services are always within 20 minutes from your home.
Mid East Info
01-07-2025
- Business
- Mid East Info
Arabian Gulf Properties Champions Visionary Urban Development in Support of Dubai 2040 Agenda
Chairman Badar Rashid Alblooshi underscores the private sector's role in shaping the next phase of UAE's urban growth Dubai, UAE, June 2025: Arabian Gulf Properties, one of the UAE's forward-looking real estate developers, has reiterated its support for the Dubai 2040 Urban Master Plan, affirming its dedication to driving responsible and community-focused development. Under the leadership of Chairman Badar Rashid Alblooshi, the company continues to play an active role in the national dialogue around urban transformation, placing emphasis on the creation of integrated and inclusive communities that reflect the evolving aspirations of residents in the UAE. As cities expand and population dynamics shift, the need for future-ready, human-centered development has never been greater. Arabian Gulf Properties recognizes this moment as a defining opportunity for the private sector to partner with government in translating strategic urban visions into tangible, high-quality living environments. The company has signaled its intent to contribute to this transformation through a development philosophy that prioritizes livability, smart design, and long-term value creation. Commenting on the evolving role of developers, Badar Rashid Alblooshi said: 'As developers, we have a responsibility to go beyond construction — we must help shape cities that are inclusive, resilient, and designed for the future. The Dubai 2040 vision is a call to all of us in the private sector to think boldly, act responsibly, and contribute meaningfully to the urban narrative of this country.' Arabian Gulf Properties continues to explore new avenues for growth and collaboration that support dynamic, mixed-use destinations and urban experiences aligned with the UAE's ambition to build globally competitive, innovation-led cities. With a growing portfolio and a commitment to quality, the company remains focused on developments that foster social cohesion, enhance quality of life, and reflect the UAE's long-term strategic objectives. As the country charts its next phase of economic and social growth, Arabian Gulf Properties stands ready to support national priorities through thoughtful, people-first development and sustained private sector leadership.
Web Release
30-06-2025
- Business
- Web Release
Arabian Gulf Properties Champions Visionary Urban Development in Support of Dubai 2040 Agenda
Arabian Gulf Properties, one of the UAE's forward-looking real estate developers, has reiterated its support for the Dubai 2040 Urban Master Plan, affirming its dedication to driving responsible and community-focused development. Under the leadership of Chairman Badar Rashid Alblooshi, the company continues to play an active role in the national dialogue around urban transformation, placing emphasis on the creation of integrated and inclusive communities that reflect the evolving aspirations of residents in the UAE. As cities expand and population dynamics shift, the need for future-ready, human-centered development has never been greater. Arabian Gulf Properties recognizes this moment as a defining opportunity for the private sector to partner with government in translating strategic urban visions into tangible, high-quality living environments. The company has signaled its intent to contribute to this transformation through a development philosophy that prioritizes livability, smart design, and long-term value creation. Commenting on the evolving role of developers, Badar Rashid Alblooshi said: 'As developers, we have a responsibility to go beyond construction — we must help shape cities that are inclusive, resilient, and designed for the future. The Dubai 2040 vision is a call to all of us in the private sector to think boldly, act responsibly, and contribute meaningfully to the urban narrative of this country.' Arabian Gulf Properties continues to explore new avenues for growth and collaboration that support dynamic, mixed-use destinations and urban experiences aligned with the UAE's ambition to build globally competitive, innovation-led cities. With a growing portfolio and a commitment to quality, the company remains focused on developments that foster social cohesion, enhance quality of life, and reflect the UAE's long-term strategic objectives. As the country charts its next phase of economic and social growth, Arabian Gulf Properties stands ready to support national priorities through thoughtful, people-first development and sustained private sector leadership.
Zawya
30-06-2025
- Business
- Zawya
Arabian Gulf Properties champions visionary urban development in support of Dubai 2040 agenda
Dubai, UAE: Arabian Gulf Properties, one of the UAE's forward-looking real estate developers, has reiterated its support for the Dubai 2040 Urban Master Plan, affirming its dedication to driving responsible and community-focused development. Under the leadership of Chairman Badar Rashid Alblooshi, the company continues to play an active role in the national dialogue around urban transformation, placing emphasis on the creation of integrated and inclusive communities that reflect the evolving aspirations of residents in the UAE. As cities expand and population dynamics shift, the need for future-ready, human-centered development has never been greater. Arabian Gulf Properties recognizes this moment as a defining opportunity for the private sector to partner with government in translating strategic urban visions into tangible, high-quality living environments. The company has signaled its intent to contribute to this transformation through a development philosophy that prioritizes livability, smart design, and long-term value creation. Commenting on the evolving role of developers, Badar Rashid Alblooshi said: 'As developers, we have a responsibility to go beyond construction — we must help shape cities that are inclusive, resilient, and designed for the future. The Dubai 2040 vision is a call to all of us in the private sector to think boldly, act responsibly, and contribute meaningfully to the urban narrative of this country.' Arabian Gulf Properties continues to explore new avenues for growth and collaboration that support dynamic, mixed-use destinations and urban experiences aligned with the UAE's ambition to build globally competitive, innovation-led cities. With a growing portfolio and a commitment to quality, the company remains focused on developments that foster social cohesion, enhance quality of life, and reflect the UAE's long-term strategic objectives. As the country charts its next phase of economic and social growth, Arabian Gulf Properties stands ready to support national priorities through thoughtful, people-first development and sustained private sector leadership.
Khaleej Times
16-06-2025
- Business
- Khaleej Times
Dubai Metro Blue Line: Rents in 9 communities jump up to 43%, set to grow by 30% more
Rents in nine communities which will be connected through Dubai Metro's Blue Line have increased on average 23 per cent since the government announced plan to launch metro in those areas in November 2023. It is anticipated that rents in those communities will see another 30 per cent increase until the completion of the Blue Line over the next four years, outpacing growth in non-metro-connected districts. Data shared by Betterhomes and sourced from Property Monitor and internal figures revealed that Academic City saw highest jump in rentals since November 2023 as studio apartment rates rose from Dh42,000 to Dh60,000 per annum, an increase of 43 per cent. This was followed by Dubai Creek Harbour (30 per cent), Al Warqa and Silicon Oasis (28 per cent), International City 1 and 2 (22 per cent), Ras Al Khor Industrial Area (21 per cent), Mirdif and Dubai Festival City (15 per cent). The 131km long Blue Line will connect nine key districts across Dubai and is set to be completed in September 2029. The nine key districts are projected to be home to over one million residents, as outlined in the Dubai 2040 Urban Master Plan. Historical data from the Dubai Metro Red Line project in 2009 showed a significant impact on property values. Properties within a 15-minute walk of the Red Line saw price increases exceeding 25 per cent, sometimes even higher than Dubai's average. 'The most substantial appreciation, around 40 per cent, was observed in properties located within a 5 to 10-minute walk. Rental values also reflected this trend, with an 8 per cent increase for properties within a 15-minute radius and a 14 per cent rise for those within 5 to 10 minutes,' said Betterhomes. Up to 30% further increase It is expected that the rents will continue their upward trend in the coming years until the completion of the project in four years. Rental prices in the nine key districts linked to the upcoming Dubai Metro Blue Line have risen by an average of 23 per cent since 2023, the real estate brokerage firm said. 'With the line's completion expected to further boost connectivity and demand, rental increases in these areas will outpace growth in non-metro-connected districts and highlighting strong investment potential, especially for studio units,' it said. Rupert Simmonds, leasing director of Betterhomes, said connectivity drives value. 'We've seen it before with the Red Line, and we're seeing it again.' He added that Dubai's rental market is quick to react to infrastructure upgrades, especially when they change how people live and commute. 'We have already seen double-digit gains across multiple districts, and with the completion of the Blue Line on the horizon, we anticipate a further 25 to 30 per cent increase compared to non-connected areas. For investors, this is a clear window of opportunity in high-demand, high-growth locations,' said Simmonds.
