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Zawya
20 hours ago
- Zawya
VIDEO: UAE's Multiply Group acquires 67% stake in Spain's Tendam for $1.5bln
The acquisition of 67.91% interest also marks the investment holding firm's foray into the international retail and clothing space.


The National
a day ago
- The National
My Dubai Rent: Entrepreneur pays Dh200k for JVT apartment after 20 years in UAE
My Dubai Rent takes you inside a reader's home to have a look at what they get for their money, how much they pay in rent and asks them what they like and don't like Business owner Rebecca Rees has spent almost 20 years in Dubai and lived in at least eight rental properties in that time. While she loved her last property, a town house in Jumeirah Village Triangle that she rented for a decade, a landlord dispute led her to move out. Now, still in JVT, she rents a large three-bedroom apartment that's both her home and office – and has no plans to buy or move in the foreseeable future. The National takes a look around. Where else have you lived in Dubai? I've lived in at least eight properties. I got into this habit that, until 2014, I moved pretty much every year. Sometimes because rents came down massively and I could upgrade. In 2014, I moved to a town house just down the road in JVT, which I stayed in for 10 years. I absolutely loved it, but for various reasons, two years ago, I moved here. Tell us about the property you're in now It's an apartment, so very different, but still in JVT. It wasn't an easy decision, until I saw it. I wouldn't have considered an apartment, because I had dogs, and they were used to the garden. Both of those dogs have passed away now, so I took the decision to come here. I love the space. I love the size. It's a three-bedroom. I work at home, so the third bedroom is my office. I've now got a proper second bedroom, which is basically for the parents when they come. It's very, very modern. There were maintenance issues starting to creep in when I was in the villa. It just became so much hassle and, I thought, I just want an easier life. How much do you pay in rent? Just shy of Dh200,000. It's considerably more than I was paying for the town house. When I left there, my rent was Dh120,000 and the reason I was paying so little is because I'd been there so long, so I was getting a very good deal there. It's not cheap, but the flip side is I work at home, so I don't have commuting costs. And if this was a two-bed in the Marina or somewhere, it would be a lot more money. It's all relative. What facilities do you have? It's got beautiful facilities. It's got a pool, which I never had in the town house. It's got a beautiful gym. It's got a residents' lounge, which is really handy for remote working. I mean, it's just me living here, so noise isn't a problem, but if you are a family and there are kids running around, I'm sure I'd want to escape to these little private offices they've got in the building for people who work remotely. There's a pool table, there's a library. There's also a dog park on site. It's dog friendly. It's like a hotel without the on-site dining. That's the best way to describe it. The security team are amazing and I like the fact that it's seven floors of accommodation. So it's not high rise. It's a genuine, small community of people. Most people who live here are owners, so as a result, it's very much taken care of, really well appointed. Why did you choose this neighbourhood? I can walk across the sand to the Springs. It takes me 10 minutes. I drive to Spinneys in the Meadows. It takes me 10 minutes to get on to Al Khail Road. There was a time, years ago, that JVT was considered remote and inaccessible. But now, it's very, very well positioned. I love it. I wouldn't want to be down in the Marina or somewhere. It's too touristy and hectic for me. You do get a few tourists here now, but nothing like you would in the other areas. What else is around you? In the immediate area, there are a couple of other buildings. It's residential around me. There are padel and tennis courts nearby. There are lots of convenience stores and pharmacies. There are a couple of hotels, which have got restaurants, so there's a Movenpick and a new one called Hotel Local right opposite me. How have you made the apartment feel like home? I haven't bought much in the way of new furniture. In fact, because the town house I had was very large, I did actually offload quite a bit of furniture. I've invested in new couches. I wanted a different feel here, so nice white leather. It's really bright. I've painted some accent walls. I had curtains fitted, added rugs. I've changed the dining table as well. Is there anything you'd change about this place? I miss having a garden, but I can't change that. I'm currently planning a bit of design out on the balcony. It's a very long balcony, it runs the length of the house, but it's narrow, so you can't do a lot with it. I'm just currently thinking I'll put some plant pots out there, and maybe put some fake grass down to make it more of a garden. Why don't you want to buy a property? I should have bought being here so long but I think, for me, like a lot of expats, you sometimes don't know how long you're going to be here. My original plan was to come for a year, but, yeah, how's that working out? So, I kept saying, I'll give it another year … I think, really, I don't want the commitment, and if I suddenly did have to go, I can just go. How long do you think you'll be in this property for? Well, I've no intention of leaving. Put it that way. The landlord is lovely. I'm very, very happy here. I've no plans to leave Dubai at all. I mean, one day I will, but at the moment I have no plans to leave. I don't know what's going to happen with rents. There are hints that rents are going to start to come down, maybe stabilise a bit, which would obviously be welcome news for everyone. But I'm prepared mentally and financially to stay here.


Arabian Post
2 days ago
- Arabian Post
Tesla set to unveil Robotaxis in San Francisco this weekend
Tesla has accelerated its plans for the launch of its highly anticipated Robotaxi service in San Francisco, with the service potentially set to begin as early as this Friday. The announcement comes after the company moved up its timeline, reflecting confidence in its self-driving technology and its ability to meet regulatory requirements. Some Tesla owners have already been notified that they will have the opportunity to participate in this groundbreaking service. The Robotaxi service will utilise fully autonomous vehicles designed to operate without human intervention. Tesla's ambitious push into the autonomous transport market marks a significant milestone in the development of self-driving technology, a space that has seen increasing competition from both established automakers and technology companies. Unlike traditional ride-hailing services, such as Uber and Lyft, Tesla's Robotaxi network promises a fully autonomous experience, offering an entirely driverless ride to passengers. This initiative is a critical step for Tesla as it continues to integrate its electric vehicle lineup with cutting-edge artificial intelligence. Tesla's CEO, Elon Musk, has long spoken about the company's ability to transform the transport industry, and the launch of Robotaxis is seen as one of the cornerstones of Tesla's future vision for mobility. The project has garnered considerable attention from the tech and automotive industries, with many viewing it as a test of whether fully autonomous systems can operate safely and efficiently in complex urban environments. ADVERTISEMENT The roll-out in San Francisco represents the first phase of a broader plan to deploy the service across multiple cities in the coming years. Tesla's decision to launch in a city known for its challenging driving conditions—marked by dense traffic, varied road infrastructure, and diverse weather conditions—demonstrates the company's readiness to test its technology in real-world, high-stakes environments. Tesla's self-driving technology has faced its share of scrutiny, particularly after several high-profile incidents involving its vehicles' autonomous systems. However, the company has consistently iterated on its software and hardware, aiming to resolve any shortcomings that have raised concerns among regulators and the public. Tesla has worked closely with the California Department of Motor Vehicles to ensure compliance with state regulations regarding autonomous vehicles, and this partnership has been a key factor in expediting the service's approval process. The company's move to launch a driverless taxi service is not just about technology; it also aims to address a number of environmental and economic challenges. By relying on electric vehicles, Tesla is positioning its Robotaxi fleet as a greener alternative to traditional gasoline-powered taxis. The company has made significant strides in lowering the cost of electric vehicles, and this latest service could make clean energy-driven transportation more accessible to the masses. Despite the optimism surrounding the launch, there are still many questions to be answered about the broader viability of autonomous taxi services. For one, the long-term economic implications remain unclear. While Tesla's vision of a fleet of self-driving cars that operate autonomously holds great potential, the cost of scaling such a service will likely be high, especially in the early stages. Additionally, concerns regarding safety, insurance, and public acceptance of fully autonomous vehicles continue to linger. Tesla is also facing stiff competition from other tech giants, including Waymo, Cruise, and Aurora, all of whom are also pushing forward with their own autonomous driving initiatives. These companies are each vying for a slice of the autonomous vehicle market, which is expected to be worth billions in the coming decades. ADVERTISEMENT As Tesla prepares to roll out its Robotaxi service, the company is placing significant emphasis on the AI and machine learning capabilities embedded in its vehicles. The company has designed its AI systems to continuously learn and adapt to new driving scenarios, improving the vehicles' decision-making processes over time. Tesla's use of over-the-air updates allows it to rapidly roll out improvements and safety features to its autonomous fleet, an advantage that other companies in the field lack. The launch of Tesla's Robotaxi service will also be a defining moment for the public's perception of autonomous vehicles. While some consumers are eager to embrace self-driving technology, others remain wary, concerned about safety, control, and the potential loss of jobs in industries reliant on human drivers. Tesla's ability to prove the safety and reliability of its autonomous fleet will be crucial in gaining consumer trust and widespread adoption of the service.