Latest news with #2040UrbanMasterPlan
Hi Dubai
a day ago
- Business
- Hi Dubai
Dubai Office Market Shows Early Signs of Rate Stabilisation and Larger Space Demand Compared to Last Year: Savills
New findings from Savills latest Dubai Office Market in Minutes report for Q2 2025 indicate a shift from last year's pattern of across-the-board rental growth, with signs that rents are beginning to level out in several submarkets. At the same time, the market continues to see strong appetite for larger office spaces and an evolving mix of future supply, marking a noticeable change from the trends observed in 2024. While average prime office rents remain 36% higher year-on-year, the report highlights that 11 of the 23 submarkets tracked by Savills saw no quarterly change in rents, a contrast to last year's steady and constant growth. This points to a more cautious approach by some occupiers as they wait for new developments to be delivered before committing to commercial space. Savills Middle East data also shows a clear shift in demand towards bigger spaces. In Q2 2025, 44% of leasing enquiries were for offices between 10,000 and 20,000 sq ft, reflecting a move by new entrants and existing firms looking to expand their operations. By comparison, spaces below 10,000 sq ft accounted for 38% of total demand. Toby Hall, Head of Commercial Agency at Savills Middle East said, We're seeing clear evidence that businesses continue to commit to Dubai, with larger footprint requirements becoming more common. Despite global economic headwinds, the city remains an attractive hub, supported by a strong pipeline of international companies establishing or growing their regional operations here. Rachael Kennerley, Director of Research at Savills Middle East added, The stabilisation of rents in several submarkets suggests the market is entering a more balanced phase. While core areas remain in high demand, we're now seeing occupiers adopt more considered strategies, including securing future space in advance or exploring emerging locations with better affordability. In another shift from previous years, Savills has observed traditionally residential developers now exploring strata office developments, which could bring more diversified ownership models and broaden the office landscape beyond the usual central business districts. This aligns with Dubai's 2040 Urban Master Plan, which seeks to build a 20-minute city with commercial activity spread across more areas. With recent rental rises still fresh in mind, more occupiers are now securing rights of first refusal on additional space within their existing buildings. This gives them the ability to grow as needed while maintaining the benefits of their current lease agreements. Looking ahead, Savills expects demand to increasingly spill over into locations such as Dubai South and Expo City, supported by the availability of larger spaces, more competitive rents, and improved transport links. For further insights and detailed analysis, download the full Dubai Office Market in Minutes Q2 2025 report from here. Source: Savills
Filipino Times
15-07-2025
- General
- Filipino Times
Dubai completes AED 190M greening projects; over 300K plants added
Dubai Municipality has completed five major landscaping and beautification projects across the city, amounting to AED 190 million, covering 3 million square meters. The locations of the completed projects include the intersection of Al Khail Road with Latifa bint Hamdan Street and the intersection of Sheikh Zayed bin Hamdan Street with Tripoli Street. Other areas include Sheikh Rashid Street to Al Mina Road, the Dubai entrance from Abu Dhabi along Sheikh Zayed Road, and the Al Khawaneej–Al Amardi Street intersection. Over 300,000 trees and seedlings were planted, along with more than 222,000 square meters of ground covers and flowers. Smart irrigation systems were also introduced, using underground pumps and remote control technology to save water and space. According to the Municipality, these sustainable designs and systems will help the city stay cooler and greener, especially in public areas. 'We seek to offer a vibrant and healthy living environment that upholds the highest standards of quality of life for residents and visitors, while maintaining a harmonious balance between the urban, architectural, and environmental landscape,' Marwan Ahmed bin Ghalita, Director General of Dubai Municipality, said. This supports the Green Dubai initiative and the 2040 Urban Master Plan. By early 2025, the city had more than 5.5 million trees and seedlings and nearly 9 million square meters of green areas. In 2024 alone, the Municipality planted an average of 600 trees per day to expand green spaces across the emirate.
Hi Dubai
10-07-2025
- Business
- Hi Dubai
Dubai Municipality Signs MoU with Parkin to Boost Public Parking Efficiency
Dubai Municipality has signed a strategic Memorandum of Understanding with Parkin Company PJSC, aiming to enhance the operational efficiency and service quality of public parking across the city. The agreement sets the stage for deeper collaboration between the government body and Dubai's largest provider of paid public parking services. It covers joint efforts to streamline regulatory procedures, develop planning standards, and enable data sharing to optimise public parking operations. Under the MoU, Parkin will take over the management of selected free public parking facilities owned by Dubai Municipality. The move expands Parkin's footprint in delivering smart-parking solutions that align with Dubai's urban development goals. The partnership also explores new investments in multi-storey parking structures and advanced services at major public events. Both entities will work toward establishing unified criteria for converting private plots into public parking spaces and deploying smart technologies like automated access and payment systems. Officials say the agreement supports Dubai's ambitions under the 2040 Urban Master Plan by advancing smart, sustainable infrastructure that improves mobility and enhances the customer experience across the emirate. News Source: Dubai Media OFfice
Arabian Post
09-07-2025
- Business
- Arabian Post
Parsons to Steer Dubai Metro Blue Line Rollout
Arabian Post Staff -Dubai Parsons Corporation has been appointed by Dubai's Roads and Transport Authority as the Project Management Consultant for the forthcoming Metro Blue Line, under a five-year agreement. The firm will lead design evaluation, procurement facilitation, construction oversight, testing and commissioning, ending with the handover of the system. The line is projected to enter service by September 2029, covering 30 km with 14 stations, and is a core part of Dubai's D33 Economic Agenda geared towards completing the city's next-generation transport network by 2033. The Metro Blue Line, spanning from Centrepoint on the Red Line through Creek station on the Green Line and reaching Academic City, is expected to serve up to 320 000 passengers daily. It will connect key zones such as Mirdif, Dubai Silicon Oasis, Creek Harbour and Festival City, reinforcing the mobility framework outlined in the 2040 Urban Master Plan. ADVERTISEMENT Pioneering the metro's expansion, the Blue Line received approval on 24 November 2023 from Dubai's Vice President and Ruler, reflecting a total investment of AED 18 billion. This strategic vision anticipated a launch coinciding with the metro's 20th anniversary. Parsons brings to this contract more than 80 years of global infrastructure and transport systems expertise, and over six decades of regional presence. In Dubai, the firm has supported RTA projects since 2005—from the Metro Red and Green lines and Route 2020 to the Intelligent Traffic Systems Centre and Infinity Bridge—delivering over 100 roads, bridges and tunnels. Chief among Parsons' tasks is aligning technical design with RTA standards, streamlining tender processes, supervising contractor performance, and ensuring operational readiness through rigorous testing. Their involvement utilises advanced project controls to ensure on-time, safe delivery—a critical measure as Dubai moves toward its D33 viability targets. In his capacity as President, Infrastructure EMEA, Pierre Santoni emphasised the importance of Parsons' long-standing local partnership and its commitment to delivering 'innovative technology' and 'world‑class transportation systems' in collaboration with the RTA team. Malek Ramadan Mishmish, Director of Rail Planning and Project Development at the RTA, welcomed Parsons aboard, citing their established delivery record in the emirate and reaffirming Dubai's aspiration to embrace 'smart and sustainable transportation' in line with its ambitions to become the world's 'smartest and happiest city'. The Blue Line is positioned to deepen the integration of Dubai's transport ecosystem, with interchange stations at Centrepoint and Creek enabling connectivity across the Red, Green and Blue lines, and future linkages into the Etihad Rail network. As an element of the broader D33 Economic Agenda and the 2040 Urban Master Plan, it is expected to redefine sustainable urban mobility and support anticipated demographic expansion. Risks inherent to large-scale infrastructure development include potential for budget escalation, complex oversight and synchronization with civil contractors. However, Parsons' selection underscores the RTA's continued confidence in its capacity to deliver against these challenges, building on its proven project delivery lineage in Dubai. With completion forecast by 2029, the Blue Line aims to expand the daily ridership beyond current figures—around 755,000 across the Red and Green lines in 2024—with 320,000 passengers expected to onboard the new route alone.
Web Release
25-06-2025
- Automotive
- Web Release
VinFast VF 8 can help accelerate the UAE's Green Vision
As the UAE accelerates its vision to become a global leader in smart cities and sustainable innovation, VinFast presents the VF 8 as a game-changing solution for modern urban mobility. With Dubai and Abu Dhabi spearheading advancements in artificial intelligence, autonomous technology, and clean energy, the VF 8 aligns seamlessly with the nation's strategic direction. Designed as an all-electric SUV that blends luxury with intelligence, the VF 8 offers a seamless mobility experience that caters to both the tech-savvy and environmentally conscious consumer. Standout ADAS features—including highway and city driving assistance, forward collision warnings, emergency braking, and driver drowsiness alerts—provide peace of mind on every journey. Equipped with a future-ready over-the-air update capability, the VF 8 is built to navigate the evolving urban landscapes of tomorrow. The VF 8 also introduces innovative well-being-oriented amenities such as air ionization, ventilated seats with eco-leather upholstery, and advanced cabin air filtration, catering to the region's green and health-conscious lifestyle. Its zero-emission performance and compatibility with renewable energy infrastructure echo the UAE's sustainability goals, including Dubai's 2040 Urban Master Plan and the UAE Net Zero 2050 initiative. Whether commuting through the smart traffic networks of Dubai or integrating with Abu Dhabi's growing EV grid, the VF 8 advances the future of responsible mobility. By introducing smart and eco-friendly vehicles like the VF 8—envisioned as a platform for innovation, sustainable mobility, and environmental responsibility—VinFast affirms its commitment to supporting the UAE's smart city ambitions. In a region where tech-forward living is rapidly becoming the norm, the VF 8 enhances everyday driving through intuitive interfaces, a virtual assistant, and smartphone app controls for remote vehicle access, monitoring, and personalized settings. These features complement the UAE's move toward digital living and mobility as a service (MaaS). By combining performance, safety, and sustainability, the VF 8 is uniquely suited to support the UAE's evolving infrastructure, where electric mobility and climate-conscious choices are central to national development. As VinFast expands its footprint in the Middle East, the VF 8 stands as a symbol of innovation with purpose.
