By Staff Reporter Now, Air India Express passengers will have the option to save on flight tickets by travelling light. Budget carrier…
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Business
Dubai Announces Increase in Property Sizes Following Surge in Demand Due to Golden Visa Criteria Change
by daily timesby daily timesBy Staff Reporter Dubai’s real estate landscape is set for a significant shift as authorities respond to a surge in demand triggered…
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Business
Rolex with Sheikh Mohammed’s signature sold for Dh1.1 million
by daily timesby daily timesBy Staff Reporter Dubai has become a top destination for collectors of arts, supercars, watches and other luxury items. Hence, many auction…
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By Staff Reporter Abu Dhabi: The governments of the UAE and Hungary have signed an economic cooperation agreement to stimulate trade and…
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Business
First commission-free real estate platform launched by Gllit in Dubai
by daily timesby daily timesBy Business Reporter Dubai’s proptech scene sees a new entrant with the launch of Gllit, a startup offering Dubai’s inaugural commission-free real estate…
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Business
Dubai Metro ‘affecting’ increase on rents in popular residential locations
by daily timesby daily timesBy Business Reporter Dubai: Thinking of renting an apartment at a location near a Dubai Metro station in JLT or at the…
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Business
Dubai to increase property sizes after change in Golden Visa criteria sparks demand
by daily timesby daily timesBy Staff Reporter Demand for properties valued at Dh2 million has massively increased in the wake of Dubai dropping the requirement of a…
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Business
After Dh837m net profit, Dubai’s Union Properties confirms its comeback is well and truly on
by daily timesby daily timesBy Bussiness Reporter The Dubai developer Union Properties says it’s comeback push is starting to deliver the results that shareholders and the…
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Business
UAE to have flying cars by 2025: Vertical airports to be built at Palm Jumeirah, Abu Dhabi CornicheUAE to have flying cars by 2025: Vertical airports to be built at Palm Jumeirah, Abu Dhabi Corniche The flying cars will operate entirely over the water, giving passengers scenic views of the two cities and the Arabian Sea By Staff Reporter UAE residents’ dream of travelling in a flying car could be fulfilled as soon as 2025. In a big move, the US electric flying carmaker Archer is collaborating with the UAE-based aviation services operator Falcon Aviation to build vertiports — vertical airports — in Dubai and Abu Dhabi. The vertiports in the two cities will be connected using Archer’s Midnight, which is a piloted, four-passenger aircraft designed to perform rapid back-to-back flights with minimal charge time between flights. The first vertiport will be built at Falcon Heliport at Atlantis the Palm in Dubai and the Marina Mall heliport in Abu Dhabi’s Corniche. It will cut down a 60–90-minute car commute to an estimated 10-30 minute electric air taxi flights. What more? The flight will be safe, low noise, and cost-competitive with ground transportation. The vertiports will be built ahead of the launch of the flying car between the two emirates in 2025. This venture is set to be the first international launch of Archer. The flying car will operate entirely over the water, giving passengers scenic views of both the city and the Arabian Sea. “We look forward to paving the way for the introduction of our Midnight aircraft to the region which will set the stage for the UAE to become a global leader in urban air mobility,” said Adam Goldstein, founder and CEO of Archer. Captain Ramandeep Oberoi, CEO of Falcon Aviation, said the company has been at the forefront of helicopter passenger transport in the UAE for nearly two decades, Nikhil Goel, chief commercial officer, Archer, said they have made rapid progress in the UAE over the past three months since announcing that Abu Dhabi and Dubai will be home to its first international midnight flights as soon as 2025. In February 2024, the US-based Joby Aviation, which is developing all-electric aircraft for commercial passenger service, signed an agreement with Dubai’s Road and Transport Authority (RTA) to launch air taxi services by early 2026, with Joby targeting initial operations as early as 2025. Joby has also signed an agreement with Skyports to design, build and operate four vertiport sites across Dubai – Dubai International Airport, Palm Jumeirah, Dubai Marina and Downtown.
by daily timesby daily timesBy Staff Reporter UAE residents’ dream of travelling in a flying car could be fulfilled as soon as 2025. In a big…
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Business
Dubai tenants opt for direct debits or 12-month cheques as rents sour
by daily timesby daily timesBy Desmond Nleya More tenants in Dubai are requesting their landlords to allow for monthly direct debits of their rents as they…