DUBAI: Emirati investors helped lift Dubai property transactions during the first half of the year, the Dubai Land Department (DLD) said on Sunday.
The total value of real estate transactions rose 16.8 percent to Dh132 billion (SR134.79 billion) in the first half, compared with Dh113 billion of the same period of last year.
Emirati investors completed 4,510 transactions during the period at a value of Dh15 billion, followed by Saudi Arabian nationals with 1,936 transactions pegged at Dh4 billion. The total value of investments from the Gulf states increased by 16 percent from last year to 21.7 billion.
Dubai Marina was the most-sought after location as total transactions for the area reached 2,529, followed by Business Bay with 2,146, Al-Barsha South 4 with 2,001, Jebel Ali 1 with 1,931 and in fifth place Al-Thaniya 5 with 1,501 transactions.
In terms of value, Palm Jumeirah topped the chart with transactions worth Dh9.5 billion, followed by Business Bay at Dh6.5 billion, the Burj Khalifa and Dubai Marina at Dh5.8 billion respectively and the Al-Wasl area at Dh5.6 billion.
“Our report for the first half of this year bears promising results for professionals in the real estate sector, as despite global economic pressures, Dubai has once again reaffirmed its leadership of regional markets and driven renewed growth in the region,” said Sultan Butti bin Mejren, the DLD Director-General of DLD.
“The success demonstrates the wisdom of the economic policies set by the government … as these have encouraged real estate investment and safeguarded the growth of a transparent, sustainable and secure real estate sector.”
Dubai property transactions jump 16.8% to Dh132 billion
Dubai property transactions jump 16.8% to Dh132 billion
Key coalition ally criticizes Pakistan government’s ‘excuses’ for imposing Internet restrictions
- Pakistan announced in June it was setting up a firewall to curb ant-state propaganda, which slowed Internet speeds countrywide
- Pakistan’s opposition and rights activist criticize government’s measures, allege they are designed to crack down on criticism
ISLAMABAD: The chairman of a key coalition partner of the government, Bilawal Bhutto-Zardari, this week criticized the center’s “excuses” for imposing Internet restrictions in Pakistan that freelancers and rights activists say are aimed at cracking down on dissent in the country.
The PPP chairman’s criticism comes in response to the government’s recent measures which have been interpreted by activists and opposition parties as a digital clampdown on Internet freedom in the country. Pakistani officials admitted in June that the government was installing a national firewall, ostensibly designed to curb “anti-state propaganda” and “blasphemous content,” which slowed Internet speeds across the country.
The Pakistan Telecommunication Authority (PTA) has also intensified its crackdown on virtual private networks (VPNs), allowing their legal use only after users register with the government— posing challenges for freelancers and businesses relying on online access.
Activists say the curbs are meant to counter criticism from jailed former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) supporters, who have a powerful presence on social media platforms. The government denies these allegations.
“There is a lot of room for criticism on this digital issue,” Bhutto-Zardari told reporters in the southern Larkana city on Saturday.
“Every day there is a new excuse— sometimes they admit that we are shutting it [Internet] off and sometimes they say that we have done nothing of the sort. Then sometimes they say that our wires have been cut, then they say that there is a [firewall] testing going on,” he added.
Earlier this week, the PPP chairman called for a “digital bill of rights” to ensure Internet freedoms for people across the country.
In December, Minister of State for IT and Telecom Shaza Fatima Khawaja defended Internet restrictions, citing security concerns.
“No one is interested in shutting down the Internet,” she told parliament. “Law and order is paramount for us, but we will make every effort to ensure no disruption to the industry.”
Slow Internet speeds across the country have troubled Pakistani freelancers, who have reported disruptions in completing assignments and tasks.
According to data from the central bank, Pakistani freelancers earned $397.3 million in foreign remittances during the fiscal year 2021-22.
The amount is likely underreported, as much of the freelance income is received as home remittances.
Djokovic plans to keep playing for ‘years to come’
- The 24-time Grand Slam champion is beginning a season for the first time without any of the other so-called “Big Four”
Brisbane: Novak Djokovic said Sunday he planned to keep playing for “years to come” — with more tournaments on his schedule in 2025 — as he looks to take down the new guard led by Jannik Sinner and Carlos Alzaraz.
The 37-year-old had a disappointing campaign last year by his standards, failing to win a Grand Slam and claiming just one title — Olympic gold in Paris.
He has slipped to number seven in the world and said he wanted to get his ranking back to “where it should be.”
“I’m looking for a good start to the season, I’m looking for more consistency across all the tournaments,” he said as he prepared to play at the Brisbane International this week.
“I’m looking to play more tournaments this year than I played last season, so hopefully also my level is going to go up.
“Hopefully I will win a few more tournaments and my ranking will go up to where it should be.”
The 24-time Grand Slam champion is beginning a season for the first time without any of the other so-called “Big Four” on the other side of the net following the retirements this year of Rafael Nadal and Andy Murray.
Roger Federer called it quits in 2022.
As they faded, Sinner and Alcaraz stepped up to become the new Grand Slam kings.
Djokovic, who is targeting an 11th Australian Open title next month and a record 25th Grand Slam crown, said he had no thoughts of retirement despite turning 38 in May.
“The way I’m feeling today, I still think that I can go strong for years to come,” he said.
“But how long I’m going to feel motivated to keep going is unpredictable.
“I still love this sport and I still love competing.”
The Serb, the top seed, starts his campaign against Australian wildcard Rinky Hijikata in what will be his first official tournament since losing to Sinner in the final of the 2024 Shanghai Masters in October.
Djokovic will also play doubles alongside Nick Kyrgios, who is making a competitive return after playing just one ATP Tour singles match in two years following knee, foot and wrist injuries.
Qatar PM meets Hamas delegation for Gaza ceasefire talks
- It is unusual for Qatari PM to be publicly involved in mediation process deadlocked for months
- Israel’s war in Gaza has killed over 44,000 people since October 2023, triggering calls for ceasefire
DOHA: Qatar’s prime minister met a Hamas delegation in Doha on Saturday to discuss a “clear and comprehensive” ceasefire deal to end the war in Gaza, a statement said.
Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani held talks with a Hamas team led by senior official Khalil Al-Hayya, the foreign ministry statement said.
It is unusual for Sheikh Mohammed, who is also Qatar’s foreign minister, to be publicly involved in the mediation process that has appeared deadlocked for months.
“During the meeting, the latest developments in the Gaza ceasefire negotiations were reviewed, and ways to advance the process were discussed to ensure a clear and comprehensive agreement that brings an end to the ongoing war in the region,” the statement said.
Earlier this month, the sheikh expressed optimism that “momentum” was returning to the talks following Donald Trump’s election victory in the United States.
“We have sensed, after the election, that the momentum is coming back,” he said at the Doha Forum political conference.
The incoming Trump administration had given “a lot of encouragement in order to achieve a deal, even before the president comes to the office,” the premier added.
The Gulf emirate, along with the United States and Egypt, has been involved in months of unsuccessful negotiations for a Gaza truce and hostage release.
In November, Doha announced it had put its mediation on hold, saying that it would resume when Hamas and Israel showed “willingness and seriousness.”
But Doha then hosted indirect negotiations this month, with Hamas and Israel both reporting progress before again accusing each other of throwing up roadblocks.
Plane with 181 on board crashes in South Korea, killing 85
- Flight from Bangkok slams into wall, erupts into fire at South Korea’s Muan International Airport
- Authorities working to rescue people in the tail section, says airport official shortly after crash
SEOUL: A Jeju Air plane carrying 181 people from Bangkok to South Korea crashed on arrival Sunday, killing at least 85, emergency services said, with a bird strike and adverse weather conditions cited as likely causes.
Two people were rescued, the agency said, and an official told Reuters they were crew members.
The crash occurred as Jeju Air flight 7C2216, carrying 175 passengers and six crew on a flight from the Thai capital Bangkok, was landing shortly after 9 a.m. (0000 GMT) at the airport in the south of the country, South Korea’s transport ministry said.
The ministry did not confirm the reports of casualties.
At least 58 bodies have been recovered but that number is not final, another fire official told Reuters.
Two people were found alive and rescue operations were under way, a Muan fire official said. Yonhap news agency said three people had been rescued.
Authorities were working to rescue people in the tail section, an airport official told Reuters shortly after the crash.
Video shared by local media showed the twin-engine aircraft skidding down the runway with no apparent landing gear before slamming into a wall in an explosion of flame and debris. Other photos showed smoke and fire engulfing parts of the plane.
The passengers included two Thai nationals and the rest are believed to be South Koreans, according to the transportation ministry.
The plane was a Boeing 737-800 jet operated by Jeju Air, which was seeking details of the accident, including its casualties and cause, an airline spokesperson said.
Boeing and the US Federal Aviation Administration did not immediately respond to requests for comment.
All domestic and international flights at Muan airport had been canceled, Yonhap reported.
South Korean acting President Choi Sang-mok, who was named interim leader of the country on Friday after the previous acting president was impeached amid an ongoing political crisis, ordered all-out rescue efforts, his office said.
His chief of staff convened an emergency meeting.
KSrelief continues food aid projects globally
RIYADH: KSrelief, Saudi Arabia’s aid agency, continues to provide food assistance to vulnerable populations in several countries.
KSrelief distributed 500 cartons of dates on Thursday in the Red Sea State of Sudan, benefiting 5,162 individuals from displaced families.
The agency also handed out 175,000 bags of bread to needy families, including Syrians, Palestinians and members of the host community in northern Lebanon.
This initiative benefited 125,000 individuals.
In Pakistan, KSrelief has distributed 2,300 food boxes in flood-affected areas of Punjab and Khyber Pakhtunkhwa provinces, benefiting 14,227 individuals.
In Syria’s earthquake-hit regions, KSrelief has distributed 747 food parcels and 747 hygiene kits to affected families in Al-Dana of the Idlib Governorate.
The aid, which benefited 4,482 individuals, is part of a continuing project that supports people affected by the recent earthquake in northern Syria.
