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Dubai expat hits Dhs5m jackpot, makes UAE lottery history as first female millionaire

It was in the UAE that she met her husband and had her children, making the country an important part of her personal journey

Nida Sohail
Nida Sohail

31 August, 2026

Dubai expat hits Dhs5m jackpot, makes UAE lottery history as first female millionaire

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Zenn Ariane Garceles, a 38-year-old Filipina expat who has called Dubai home for 13 years, has become The UAE Lottery’s first female millionaire after winning the third Dhs5m Prize in the Lucky Day Draw with an ‘Easy Pick’ ticket.

A former dental assistant, Zenn moved to the UAE from the Philippines and has since built a life and family in Dubai. It was in the UAE that she met her husband and had her children, making the country an important part of her personal journey.

“My life in the UAE has been amazing. I met my husband here and built my family here,” she said.

Image credit: Supplied

A surprise win

Zenn has been participating in The UAE Lottery since its early days, taking part in Lucky Day Draws and occasionally trying other games, including Scratch Cards. Her winning Dhs5m ticket was an Easy Pick, meaning the numbers were randomly selected for her.

The discovery came after Zenn saw an Instagram post saying someone had won Dhs5m. Curious to check the winning numbers, she logged into her account. Instead of simply confirming the results, she was greeted by a message congratulating her on an Dhs5m Second Prize win.

She described the moment as “unforgettable”.

Zenn’s win marks another notable moment for The UAE Lottery and its growing community of players across the country. The Lucky Day Draw takes place every Wednesday and Saturday, offering an Dhs30m Grand Prize and an Dhs5m Second Prize, alongside other prize tiers.

Family comes first

For Zenn, the windfall is less about personal luxury and more about creating opportunities for the people closest to her.

One of her first calls after the win was to her father in the Philippines, whom she now hopes to welcome to Dubai for a family visit. She also plans to invest in her children’s education, explore opportunities to start a business and buy her husband a car.

“I can’t really think of what I would buy for myself because I’m happy knowing that I can share it with my family,” she said. “Being with them and seeing their smiles makes me happy.”

Her plans reflect the personal significance of the win, with Zenn looking to turn her Dhs5m Lucky Day prize into experiences, opportunities and a more secure future for her family.

Building a future in Dubai

Zenn says the UAE is where she wants to continue building her future. Her Dhs5m Lucky Day win has now become part of those long-held ambitions, including her dream of owning a home in the country.

“I’ve always wanted a place for my family, and I’ve dreamed of having our own home here,” she said.

Looking ahead, Zenn hopes to manage the prize carefully, explore business opportunities and spend more quality time with her family. She also stressed the importance of financial responsibility when dealing with a major windfall.

“We should all be responsible in every aspect of our lives, especially with money,” Zenn said. “When you spend it, be wise. Do not go beyond your limit.”

The UAE Lottery remains committed to responsible gaming, aiming to provide a safe, transparent and regulated experience for participants. All games are fully regulated by the General Commercial Gaming Regulatory Authority (GCGRA).

Inside LEAP: Behind the scenes of Saudi Arabia’s tech showcase

As LEAP marks its fifth edition, co-founders Mike Champion and Annabelle Mander take Gulf Business behind the scenes of building one of the world’s largest technology events

Rajiv Pillai
Rajiv Pillai

31 August, 2026

Inside LEAP: Behind the scenes of Saudi Arabia’s tech showcase

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Visitors arriving at Riyadh Exhibition and Convention Centre for LEAP 2026 will see more than 150,000 square metres of exhibition space filled with global technology companies, AI innovators, investors, startups and policymakers. They will navigate keynote stages, startup competitions, networking lounges and product showcases that appear to operate with remarkable ease.

What they won’t see is that LEAP effectively began before the previous edition had even finished.

Now in its fifth edition, LEAP has evolved from an ambitious technology conference into one of the world’s largest gatherings for the global innovation ecosystem, attracting more than 200,000 attendees and positioning Riyadh among the world’s most influential technology meeting places. But according to the executives who helped create it, its success has never been measured simply by visitor numbers. And the support and partnership of the Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP) and the Ministry of Communications and Information Technology (MCIT) have been instrumental in LEAP’s unprecedented growth.

Every decision—from speaker selection and exhibition design to investor matchmaking and visitor flow—is built around one objective: creating commercial outcomes.

That philosophy has helped transform LEAP into more than an exhibition. It has become a platform where investment is secured, partnerships are formed and companies make decisions about entering one of the world’s fastest-growing technology markets.

Planning begins before the doors close

For Annabelle Mander, executive vice president of Tahaluf and co-founder of LEAP, the event follows a continuous cycle rather than an annual calendar. Tahaluf is considered one of Saudi Arabia’s largest exhibitions companies.

“The next LEAP begins before the current one has really ended,” Mander reveals.

While visitors are still exploring exhibition halls, Tahaluf’s teams are already analysing movement patterns, identifying where conversations naturally develop and examining which experiences generated the strongest engagement.

Once the event concludes, every aspect—from commercial performance and partner feedback to visitor behaviour—is reviewed before planning for the next edition begins.

Those early discussions determine far more than logistics. They shape which industries LEAP will prioritise, the international audiences it wants to attract and the technology conversations it aims to lead over the following year.

From there, every department moves in parallel. Content teams begin developing conference programmes while commercial teams engage exhibitors and sponsors. Marketing, production and operations work simultaneously rather than sequentially, allowing each function to influence the others as plans evolve.

For Mander, that collaborative approach has become one of Tahaluf’s defining strengths.

She adds: “One of the things I’m proudest of is our people. LEAP only works because we have an exceptionally adaptable team that embraces change rather than resisting it. Plans evolve constantly, priorities shift and new opportunities emerge throughout the year, yet the team consistently responds with energy, creativity and an incredible willingness to support one another.” That culture has become increasingly important as LEAP has expanded in both size and complexity.

Turning an empty venue into a technology city

Constructing LEAP is less about assembling exhibition stands than creating an environment where thousands of business conversations can happen simultaneously.

Across more than 150,000 square metres, hundreds of contractors, production specialists, exhibitors, technology providers and logistics partners work in coordination to transform an empty venue into what is effectively a temporary technology city.

Mander believes the biggest challenge is not scale itself, but ensuring that visitors never feel overwhelmed by it.

“People often assume the challenge is building one of the world’s largest technology events. It isn’t. The real challenge is making something of that scale feel intuitive.”

That principle influences every operational decision during the final build.

As structures rise and exhibitors install demonstrations, Tahaluf’s teams repeatedly test the venue from different perspectives. She asks some pertinent questions.

Can founders move efficiently between startup pitches and investor meetings? Can CEOs navigate strategic discussions without wasting valuable time? Can first-time visitors instinctively understand where they need to be?

“If those people have to think about logistics, we’ve probably failed somewhere,” Mander says.

Rather than focusing purely on operational precision, the objective is to remove friction so visitors can spend their time building relationships instead of navigating the venue.

That philosophy extends beyond exhibition design to transport planning, digital tools, venue layout and visitor services—all intended to make the operational complexity virtually invisible. Of course, the support of LEAP’s partners has been instrumental to the invisibility of its operations too, explains Mander.

“LEAP doesn’t exist in isolation, and its growth over the past four editions would not have been possible without the incredible partnership of SAFCSP and MCIT. From the very beginning, both organisations understood what we were trying to build — not just an event, but a platform capable of connecting Saudi Arabia with the world’s leading innovators. Their support, trust and strategic guidance have been fundamental at every stage of our journey. Both SAFCSP and MCIT challenged us to think bigger, move faster and deliver greater impact.”

Curating conversations that matter

One of LEAP’s defining characteristics is the calibre of executives who take its stages.

The 2026 edition will feature leaders from companies including AMD, Qualcomm and HUMAIN. But attracting globally recognised CEOs is not simply about prestige.

According to Mike Champion, CEO of Tahaluf and co-founder of LEAP, every invitation is assessed against two straightforward questions.

“We apply two simple tests. Is this person genuinely shaping the future of technology? And is what they’re building relevant to where Saudi Arabia is heading?”

If the answer to both is yes, they belong at LEAP.

That approach ensures the programme reflects both global technology trends and Saudi Arabia’s ambitions under Vision 2030.

Equally important, Champion says, are the entrepreneurs, researchers and innovators who have yet to become household names.

“Some of the most important voices at LEAP are people the world hasn’t fully discovered yet. Today’s unknown founder, researcher or engineer is often tomorrow’s industry leader.”

The objective is not simply to assemble the most recognisable speaker line-up, but to create discussions that influence business decisions long after delegates leave Riyadh.

AI moves from theory to application

Artificial intelligence has become inseparable from LEAP’s identity, but its role has evolved significantly over the event’s first five editions. Early editions focused largely on AI’s future potential. Today’s conversations are markedly different. Businesses are increasingly focused on implementation, governance and competitive advantage rather than speculation. That shift is reflected in both LEAP’s 2026 theme—“Into New Worlds”—and the continued growth of DeepFest, now one of the region’s largest dedicated AI events.

For Mander, the theme reflects the speed with which emerging technologies are moving into mainstream business.

“Technology is moving faster than ever before. Our responsibility is to ensure people don’t simply leave excited by that future—they leave feeling equipped to participate in it.”

Rather than presenting AI as an isolated discipline, LEAP integrates it across sectors ranging from healthcare and manufacturing to finance and digital infrastructure.

DeepFest, meanwhile, provides a deeper exploration of artificial intelligence itself—from foundation models and infrastructure to governance and frontier research—while LEAP demonstrates how those technologies are transforming industries. Visitors will also experience significantly more live demonstrations this year, with the vast majority of sessions in the Tech Arena featuring working prototypes or inventor-led presentations, including AI-powered prosthetics and brain-computer interfaces.

Instead of discussing future possibilities in abstract terms, LEAP increasingly focuses on technologies that organisations can deploy today.

Engineering investment, not just attendance

If the exhibition floor is LEAP’s public face, its investment ecosystem has become one of its biggest commercial differentiators.

Over five editions, LEAP has evolved into a marketplace where founders, venture capital firms, sovereign investors and corporate buyers meet with a clear objective: turning introductions into long-term business relationships. For Tahaluf, that requires far more than bringing thousands of investors under one roof.

Champion says the ambition from the outset was to position LEAP as a place where investment decisions are made, not merely discussed.

“From the beginning, we wanted LEAP to be recognised as a place where investment decisions happen, not simply somewhere investment is discussed.” That ambition is reflected in the numbers. More than 5,000 investors have participated across LEAP’s first four editions, with more than 1,900 expected at this year’s event. Yet Champion insists attendance alone says little about the platform’s success.

Champion adds: “Access is no longer the challenge. Relevance is.”

Rather than maximising the number of meetings, Tahaluf spends months curating introductions based on investment priorities, sector focus and company maturity. Through LEAP Connect, structured matchmaking, curated networking and dedicated investor and founder programmes, the objective is to create conversations that have a realistic chance of progressing beyond the event.

“Our teams spend months preparing those connections before anyone arrives in Riyadh. Success isn’t measured by the number of meetings that take place. It’s measured by what happens afterwards.”

For Champion, the true indicators of success are tangible business outcomes: investment rounds completed, strategic partnerships formed and international companies choosing Saudi Arabia as their regional base.

Those same principles underpin Rocket Fuel, LEAP’s flagship startup competition. While its $1m equity-free prize fund attracts global attention, Tahaluf sees the programme as much more than a pitch competition.

“The $1m prize fund is significant, particularly because it’s entirely equity-free. Founders shouldn’t have to give away part of the business they’ve spent years building simply to gain recognition,” he says.

Instead, Rocket Fuel is designed to provide founders with access to investors, customers, mentors and commercial partners who can support long-term growth.

Champion points to EduFi as an example of the ecosystem working as intended. After winning at LEAP 2025, the startup subsequently secured investment from Alumni Ventures, whose representative had first encountered the company while judging the competition.

“Winning a prize lasts a moment. Building a business takes years. Rocket Fuel is designed for the second part.”

Designing the visitor journey

As LEAP has grown beyond 200,000 attendees, the challenge has shifted from accommodating more visitors to creating experiences tailored to very different audiences.

Investors, founders, corporate executives, government officials and students all arrive with different objectives. Rather than treating every attendee the same, Tahaluf has increasingly used ticketing and digital tools to personalise how people experience the event.

Mander says: “Introducing a ticketed model wasn’t simply about managing attendance. It was about creating a more intentional experience for every person who comes to LEAP.”

That insight allows organisers to recommend relevant content, facilitate targeted meetings and connect visitors with the companies and communities most relevant to them. Operational improvements have accompanied that evolution. Additional exhibition space, redesigned visitor routes, improved transport planning, expanded parking and enhanced digital navigation have all been introduced to minimise unnecessary friction.

“The best event technology is the technology people barely notice because everything simply works,” she adds.

Ultimately, Mander believes success is measured less by crowd management than by how easily visitors can move between conversations, meetings and discoveries. “If visitors can spend less time navigating the event and more time having valuable conversations, discovering new ideas and building relationships, then we’ve designed the experience well.”

A test behind the scenes

One of LEAP’s biggest operational challenges this year happened long before visitors arrived.

The decision to move the 2026 edition to a later date, following regional disruption, required thousands of exhibitors, speakers, partners and visitors to revise their plans within a compressed timeframe.

For Champion, the episode demonstrated the resilience that has become part of Tahaluf’s culture. “What impressed me most wasn’t the scale of the challenge—it was the response.”

Communication began immediately, responsibilities were clearly defined and partners understood the rationale behind the decision. While attendees will largely be unaware of the work involved, Champion believes those moments reveal the strength of the organisation behind the event.

“The Tahaluf team deserves enormous credit. They demonstrated exactly the qualities that have helped build LEAP over the past five editions: adaptability, professionalism, resilience and an extraordinary willingness to support one another,” he says proudly.

From Riyadh to the world

Reaching a fifth edition represents an important milestone for LEAP, but Tahaluf sees it as the beginning of a broader international chapter rather than the culmination of its journey.

That ambition is already taking shape with the launch of LEAP East in Hong Kong in 2026, marking the first time the Saudi-born technology platform will expand beyond the kingdom. For Mander, the move reflects the growing maturity of an event that has become recognised well beyond the Middle East.

“The first five editions proved that Saudi Arabia could build one of the world’s leading technology platforms. The next chapter is about deepening its impact through stronger commercial outcomes, greater international collaboration and even more opportunities for the people developing, financing and adopting technology.”

Champion believes LEAP’s growing international profile can be measured by the calibre of executives who now plan their annual calendars around attending Riyadh, as well as the wider economic value the event creates for the kingdom.

Independent analysis estimated that LEAP 2025 generated approximately $820m in economic impact for Riyadh, extending well beyond the exhibition halls into aviation, hospitality, transport and local businesses.

For him, those outcomes demonstrate that LEAP has evolved into something much larger than an annual technology exhibition.

“The launch of LEAP East in Hong Kong reinforced that journey even further. It showed that a platform born in Saudi Arabia can now contribute meaningfully to innovation ecosystems internationally.”

As visitors arrive for LEAP’s milestone fifth edition, they will see keynote speeches, startup pitches, AI demonstrations and exhibition halls buzzing with activity.

What they may not appreciate is the year of planning, thousands of coordinated decisions and hundreds of people working behind the scenes to make those four days appear effortless.

That, perhaps, has become LEAP’s greatest achievement. Beyond the scale, the headline speakers and the investment announcements, it has matured into a platform designed to create lasting commercial outcomes—connecting entrepreneurs with investors, global technology leaders with new markets, and Saudi Arabia with innovation ecosystems around the world.

DMCC launches lab-grown diamond sector as UAE trade surges 91.5% to 76.9 million carats

Imports and re-exports have expanded at broadly similar rates, pointing to sustained growth across the UAE’s trade flows rather than a shift concentrated in one part of the market

Nida Sohail
Nida Sohail

31 August, 2026

DMCC launches lab-grown diamond sector as UAE trade surges 91.5% to 76.9 million carats

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DMCC, the leading international business district driving the flow of global trade through Dubai, has formally established its Lab-Grown Diamond Vertical, creating a dedicated platform for a rapidly expanding industry increasingly shaped by advanced manufacturing, technology, jewellery and global consumer demand.

The move comes as the UAE records its highest-ever lab-grown diamond trade volumes. A total of 76.9 million carats were traded in 2025, up 91.5 per cent year on year, while the value of trade rose 7.5 per cent to $1.3bn.

Read more: Diamonds rewritten: Inside Astrea London’s bold new era of conscious luxury in UAE

Volumes have more than doubled since 2022, climbing 109 per cent from 36.8m carats. Imports and re-exports have expanded at broadly similar rates, pointing to sustained growth across the UAE’s trade flows rather than a shift concentrated in one part of the market, according to a Dubai Media Office report.

A distinct market takes shape

DMCC’s decision to establish lab-grown diamonds as a standalone vertical reflects the sector’s increasingly distinct economic foundations. The move creates a clear separation from DMCC’s natural diamond and coloured stone activities, recognising that lab-grown diamonds are characterised by scalable manufacturing, technical specifications and growing industrial applications.

Ahmed Bin Sulayem, executive chairman and CEO, DMCC, said: “Lab-grown diamonds have reached the point where they need dedicated market infrastructure and a distinct economic case of their own, developed alongside the natural diamond trade rather than in place of it.

“For decades, China, India and the US have driven the scientific, technological and industrial development that turned an experimental breakthrough into a global industry now estimated at close to $30bn. The most significant opportunity ahead may lie beyond jewellery, in semiconductors, diamond wafers, quantum technologies, medical devices, aerospace and other advanced applications where the material’s thermal, optical and mechanical properties become commercially important.”

He added that the UAE’s growing trade volumes give Dubai an opportunity to play a larger role in the industry’s next phase.

“With 76.9 million carats of lab-grown diamonds traded through the UAE in 2025, more than double the 2022 figure, Dubai already has the scale to help shape the sector’s next phase,” Bin Sulayem said.

“DMCC’s Lab-Grown Diamond Vertical gives the industry a dedicated global platform to expand international trade flows, bring producers, technology companies and buyers closer together, and build the transparent market infrastructure the sector needs for its continued development.”

China, India and US drive growth

The modern lab-grown diamond industry has been shaped by three foundational markets whose combined capabilities have helped build the sector at global scale.

China has emerged as the dominant centre for industrial-scale production, research and development, while India has become a global powerhouse for chemical vapour deposition growth, manufacturing and processing. The United States, meanwhile, has played a pioneering role in diamond-growth technology and remains the industry’s largest consumer market.

Together, the three markets have supplied technological innovation, production capacity, manufacturing expertise and consumer demand, helping lab-grown diamonds develop from an experimental technology into a global commercial industry. Japan, Israel and the UK have also established themselves as hubs for research, industrial applications and trade.

Beyond jewellery

While jewellery remains an important market, lab-grown diamonds are increasingly being developed for advanced industrial applications. Their thermal, optical and semiconductor properties could support uses in semiconductors and diamond wafers, quantum technologies, space systems and precision engineering.

The development of these applications could further broaden the sector’s economic significance, shifting lab-grown diamonds from a predominantly consumer-facing product towards a material with wider industrial and technological relevance.

Building Dubai’s diamond ecosystem

The new Lab-Grown Diamond Vertical formalises several years of DMCC activity in the sector. Diamond Foundry established its international sales operations at DMCC in 2020. Since then, DMCC has developed a dedicated digital platform, expanded its research and trade agenda and hosted two Lab-Grown Diamond Symposiums, with the next scheduled for 2027.

The vertical will bring together global and regional producers, manufacturers, traders, investors, finance providers, technology companies and industrial users, while strengthening Dubai’s links with the industry’s principal global markets.

The initiative will remain distinct from DMCC’s natural diamond and coloured stone activities. At the same time, the UAE’s broader diamond trade continues to expand, reaching a record USD 41.7 billion in 2025 alongside sharp growth in synthetic and industrial diamond volumes.

Abu Dhabi schools reopen with major traffic changes: Dhs1,000 fines, new E20 lanes

Abu Dhabi Police urged motorists to come to a complete stop whenever the “STOP” arm is extended and to maintain a distance of at least five metres from the bus

Nida Sohail
Nida Sohail

31 August, 2026

Abu Dhabi schools reopen with major traffic changes: Dhs1,000 fines, new E20 lanes

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Abu Dhabi is strengthening road safety measures and improving traffic infrastructure ahead of the new school year, with authorities combining stricter enforcement around school buses with the reopening of a major interchange linking key residential areas.

As families return to their daily school routines, Abu Dhabi Police has reminded motorists that failing to stop for a school bus displaying its side-mounted “STOP” arm can result in a Dhs1,000 fine and 10 traffic black points, a WAM report said.

Police issue school bus safety warning

Abu Dhabi Police urged motorists to come to a complete stop whenever the “STOP” arm is extended and to maintain a distance of at least five metres from the bus.

Read more: Dubai’s Al Meydan Street upgrade to cut key journey from 30 minutes to 10

The measure is designed to give students a safe path to cross the road and protect them while boarding or leaving school buses.

Police stressed that student safety is a shared responsibility and called on motorists to remain particularly cautious and vigilant around schools and school buses. Drivers were also urged to comply with traffic regulations designed to create a safer environment for students.

Image credit: Supplied

E20 Interchange reopens ahead of school traffic

At the same time, the Department of Municipalities and Transport (DMT) has reopened the interchange connecting Khalifa City and Zayed City over the E20, ahead of the start of the school year.

The reopening will give motorists access to two additional lanes on a significant section of the highway to and from Abu Dhabi City, increasing capacity to five lanes in each direction.

Most of the western section of the project has now been completed, while further improvements are planned for the eastern section. A new interchange and additional lanes are scheduled to open in the first quarter of 2027.

The wider E20 development project will expand the arterial road from three to five lanes in both directions and includes two new bridges, 10.5 kilometres of ramps and loops, 1.5 kilometres of internal roads and eight traffic-light junctions aimed at improving safety across Khalifa City and neighbouring districts.

Dubai’s Al Meydan Street upgrade to cut key journey from 30 minutes to 10

Major road project will add 3.7km of bridges and 17km of roads and increase capacity on north-south traffic corridors by 18 per cent

Neesha Salian
Neesha Salian

31 August, 2026

Dubai’s Al Meydan Street upgrade to cut key journey from 30 minutes to 10
Image: Dubai Media Office

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Dubai’s Roads and Transport Authority (RTA) has awarded two contracts worth a combined Dhs1.161bn to develop Al Meydan Street, with the project expected to cut travel time on a key route from 30 minutes to 10 minutes.

The Al Meydan Street Development Project will include 3,700 metres of bridges and 17 kilometres of roads, as well as cycling tracks that connect to Dubai’s existing cycling network.

The project will serve residential and development areas with a combined population of more than 500,000 and is scheduled for completion by the end of 2028.

RTA said the development would increase the capacity of north-south traffic corridors by 18 per cent and reduce travel time from Al Manama Street and Dubai-Al Ain Road to Umm Suqeim Street from 30 minutes to 10 minutes, an improvement of 66 per cent.

Al Meydan Street is a ‘key’ corridor

“Al Meydan Street is one of Dubai’s key strategic corridors, running parallel to and supporting Sheikh Mohammed bin Zayed Road and Al Khail Road,” said Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of RTA.

“The project will strengthen connectivity across the main road network, provide alternative routes that improve traffic distribution, enhance traffic flow, and increase mobility efficiency between key areas.”

The project extends from the intersection of Al Meydan Street with First Al Khail Street to Umm Suqeim Street, passing through Al Khail Road, Latifa bint Hamdan Street and Al Marabea’ Street. It also includes developing Al Marabea’ Street up to Sheikh Mohammed bin Zayed Road.

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Project divided across two projects

RTA has divided the development into two contracts to accelerate implementation.

The first covers Al Meydan Street from its intersection with Latifa bint Hamdan Street to Umm Suqeim Street, together with the development of Al Marabea’ Street from Dubai Hills to Sheikh Mohammed bin Zayed Road, spanning approximately 14 kilometres.

The intersection of Al Marabea’ Street and Al Meydan Street will be converted into a grade-separated interchange with four lanes in each direction.

The interchange will include 1,600 metres of bridges and have a combined capacity of 14,400 vehicles per hour in both directions. It will provide free-flow movement in all directions and create a direct connection between Umm Suqeim Street and Latifa bint Hamdan Street.

A direct connection will also be constructed between Al Marabea’ Street and Sheikh Mohammed bin Zayed Road, with three lanes in each direction and a combined capacity of 7,800 vehicles per hour.

The project also includes a 700-metre elevated link on Dubai-Al Ain Road towards Nad Al Hamar Street to serve residential areas in Nad Al Sheba and improve access to Dubai’s main road network.

The second contract covers Al Meydan Street from First Al Khail Street, through Al Khail Road, to Muscat Street. It also includes approximately two kilometres of new surface roads linking Al Meydan Street with Latifa bint Hamdan Street.

The signalised intersection of Al Meydan Street and Muscat Street will be converted into a multi-level grade-separated interchange providing free-flow movement in all directions.

The interchange will include 1,400 metres of bridges, with four lanes in each direction and a combined capacity of up to 14,400 vehicles per hour.

The contract also includes an integrated cycling network and underpasses beneath Al Meydan Street to connect cycling routes with Dubai’s existing network.

The Al Meydan project complements the Latifa bint Hamdan Street Development Project, which will create a 12-kilometre strategic corridor linking Sheikh Zayed Road to Emirates Road via Al Khail Road, Al Meydan Street, Sheikh Mohammed bin Zayed Road and Sheikh Zayed bin Hamdan Al Nahyan Street.

RTA said the Latifa bint Hamdan project will include seven bridges totalling 2,300 metres and eight tunnels extending 900 metres.

The corridor is expected to have capacity for around 16,000 vehicles per hour in both directions, while daily trips are forecast to exceed 130,000.

It is also expected to reduce travel time between Umm Al Sheif Street and Emirates Road from 33 minutes to 15 minutes and is scheduled for completion by the end of 2028.

UAE property market surges in H1 as Abu Dhabi transactions more than double

Foreign direct investment in Abu Dhabi property reached around Dhs13.8bn during the period, up 309 per cent and exceeding the amount recorded for the whole of 2025

Gulf Business
Gulf Business

29 August, 2026

UAE property market surges in H1 as Abu Dhabi transactions more than double
Image courtesy: WAM/ For illustrative purposes

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The UAE’s real estate sector recorded strong growth in H1 2026, led by a sharp increase in transactions in Abu Dhabi and higher development activity in Dubai, as foreign and domestic investment continued to flow into the country’s property market, state news agency WAM reported.

Abu Dhabi recorded around Dhs117bn in real estate transactions during the six months to the end of June, an increase of 112 per cent from the same period last year, while transaction volumes rose 61.7 per cent.

Sales accounted for Dhs86.1bn across 16,838 transactions, representing a 163.7 per cent increase, while mortgage transactions totalled Dhs26.7bn.

Foreign direct investment in Abu Dhabi property reached around Dhs13.8bn during the period, up 309 per cent and exceeding the amount recorded for the whole of 2025.

Non-resident foreign investors represented 116 nationalities, while investment zones attracted around Dhs75bn.

Residential unit sales in the emirate reached Dhs70.4bn, according to the Abu Dhabi Real Estate Centre‘s first-half report. Off-plan properties accounted for 89 per cent of residential sales value and 82 per cent of transactions.

Resale prices increased by 20 per cent for apartments and 12 per cent for villas. Abu Dhabi had around 233,000 active residential tenancy contracts, with a combined value of Dhs9.3bn, up 8 per cent year-on-year.

Dubai property market highlights

Dubai also recorded an increase in development activity, completing 104 real estate projects with a total investment value exceeding Dhs111bn during the first half.

That compared with 75 projects worth Dhs73bn in the corresponding period of 2025, representing increases of 38.7 per cent in the number of projects and 52 per cent in investment value.

The number of new real estate units rose by more than 36 per cent to 24,537.

Completed and ready-for-handover construction space increased by more than 23.4 per cent to 1.95 million square metres, from 1.58 million square metres a year earlier.

The cost of land allocated to projects more than doubled to Dhs19.46bn from Dhs8.27bn, an increase of more than 135 per cent. The area of land allocated to completed projects also more than doubled to around one million square metres from 484,000 square metres in the first half of 2025.

Sharjah recorded around Dhs29.5bn in real estate transactions during the first half, an increase of 9.3 per cent, while the number of transactions rose 23.7 per cent to 59,460.

Residential properties accounted for the largest share of sales, with 13,501 transactions, while mortgage transactions reached Dhs7.6bn.

Investors from 121 nationalities participated in Sharjah’s property market. UAE nationals invested around Dhs14.9bn, Arab investors around Dhs5bn and investors of other nationalities around Dhs8.2bn. Eleven new real estate projects were registered during the period.

Ajman recorded 6,815 real estate transactions worth more than Dhs10.8bn, including Dhs7.64bn in trading transactions and Dhs1.88bn in mortgage transactions.

Ras Al Khaimah recorded around Dhs2.89bn in real estate transactions between January and June. Sales totalled Dhs1.353bn across 1,274 transactions, while 463 mortgage transactions were valued at Dhs1.160bn. Property transfers amounted to around Dhs380m.

The first-half figures come as the UAE continues to attract a broader pool of international property investors alongside sustained domestic demand, with new development activity expanding across several emirates.

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