Author: Arabian Media staff
Image: Supplied PRYPCO Blocks, the Dubai-based fractional real estate ownership platform, has introduced the UAE’s first upfront rental guarantee for property investors, offering an annual return paid in advance. For the first time in the country, fractional property investors will receive a 5 per cent annual net rental yield credited to their PRYPCO Blocks wallets within two months of investment, the company said on Monday. The model, comparable to a landlord collecting a year’s rent in one cheque, allows investors to access immediate liquidity rather than waiting for monthly or quarterly payouts. The firm said the initiative would help investors…
Image: Dubai Media Office In a strategic move to enhance short-stay yachting visits, further reinforce the city’s position as a global yachting destination, and put the city at the forefront of the global trend of seamless waterfront dining, the Dubai Maritime Authority (DMA) at the Ports, Customs and Free Zone Corporation and the Dubai Department of Economy and Tourism (DET) have launched an innovative Dock & Dine initiative. Encompassing 20 of the top marinas and marine stations in the city, the initiative represents the most comprehensive marina dining concept in the region and directly advances the ambitious goals of the…
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Saudi Arabia’s Small and Medium Enterprises General Authority (Monsha’at) has launched the second edition of the Estrdad initiative, worth SR1.5bn ($400m), to refund government fees and support startups during their first three years of operation. The programme aims to stimulate the business environment, enhance financial stability, and strengthen the sustainability and competitiveness of small and medium enterprises (SMEs). It is part of Saudi Arabia’s ongoing drive to empower entrepreneurship and diversify the economy under Vision 2030. Saudi startup support According to Monsha’at, registration for SMEs begins immediately and will remain open until the end of 2026. Disbursements will be made…
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Ahmed Al Sayegh/Image credit: MOFA website Under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has announced a cabinet reshuffle. The reshuffle confirms Ahmed Al Sayegh as Minister of Health and Prevention, while AbdulRahman bin Mohamed Al Owais will continue in his role as Minister of State for Federal National Council Affairs. Al Sayegh has served as Minister of State at the Ministry of Foreign Affairs since September 2018, leading the Ministry’s economic and commercial affairs portfolio with a focus…
Image: DWTCA Dubai World Trade Centre (DWTC) said on Monday it will host more than 135 major exhibitions, conferences and consumer events between September and December. Flagship events include GITEX Global, WETEX, Big 5 Global and BeautyWorld Middle East, alongside large-scale trade shows and international association meetings spanning technology, sustainability, healthcare, energy, construction, transport, food and beverage, finance and education. Mahir Julfar, EVP at DWTC, said the line-up builds on a strong first half of the year. “Through this dynamic calendar, we are reinforcing Dubai’s role as a catalyst for global commerce while advancing the ambitions of the Dubai Economic…
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Image credit: RAK Properties/Website RAK Properties, the emirate’s leading publicly listed real estate developer, has announced a strategic partnership with Hubpay, a UAE-based fintech regulated by Abu Dhabi Global Market (ADGM), to enable international property transactions using digital assets. Read more-RAK is surging ahead in real estate and tourism, say industry leaders The collaboration positions RAK Properties to attract a new wave of international investors interested in purchasing real estate in Ras Al Khaimah using cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and others. Hubpay’s platform instantly converts digital asset payments into UAE dirhams and settles them directly…