Residents of Jumeirah Beach Residences can breathe a sigh of relief
(and perhaps afford more of those Dh20 cappucinos on The Walk) with
news that their maintenance fees are likely to go down, Emirates Business 24/7 reports. The JBR Residents Associationhad complained about a 129 per cent increase from the year before. Now the company is saying it will revise the fees.
Maybe someday you can live on the beach in Fujairah and commute to work in Abu Dhabi. The Government
set up the Union Railways Company yesterday
, which will one day link the emirates with 1,000 km of track.
Abu Dhabi approved its Dh5bn project to expand Khalifa City A
to accommodate 53,000 residents from its current capacity of 7,000
residents, The National reported. In its current state, Khalifa City A
looks like the desert planet of Tatooine. The Urban Planning Commision
wants to turn it into a grassy precinct of boulevards and government
buildings.
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
Ammar 808:
Maghreb United
Sofyann Ben Youssef
Glitterbeat
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