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FIA Smart Driving Challenge names new ambassadors from the world of motorsport

by Hadeer Elhadary March 26, 2025

written by Hadeer Elhadary

Seven racing and rally drivers will become ambassadors for the world-leading FIA Smart Driving Challenge (FIA SDC).

The FIA SDC is an AI-powered app that provides real-time tips, feedback, and scoring to enable drivers to improve their safety and sustainability behind the wheel.

Last year’s Smart Driving Challenge users reduced their fuel or battery usage by an average of 9%.

The app is powered by technology from Swedish risk intelligence company, Greater Than.

Today, the Fédération Internationale de l’Automobile (FIA) is proud to announce its all-new FIA Smart Driving Challenge (FIA SDC) ambassador line-up.

Dania Akeel (W2RC), Roman Bilinski (FIA F3), Maro Engel (GT, DTM), Taylor Gill (JWRC), Romet Jürgenson (WRC2), Aliyyah Koloc (W2RC), and Yifei Ye (WEC) will join the FIA in promoting safe and sustainable driving within the dedicated FIA SDC app.

App users will now have the opportunity to join ambassadors’ teams and access exclusive content from their driver of choice.

FIA President Mohammed Ben Sulayem said: “The FIA stands as the united voice of motor sport and mobility, driven by a commitment to advance innovation. The FIA Smart Driving Challenge represents a crucial step toward fostering a culture of safety and sustainability for all road users. By coming together, we have the power to inspire change, raise awareness, and pave the way for better roads for generations to come.”

First introduced in 2019, the FIA SDC is an app which provides real-time feedback, tips, and AI-generated scoring to help drivers understand and improve their on-road performance. These scores are used to rank them on a global leaderboard – with the smartest drivers invited to compete in heats leading up to a global final. The app is powered by technology from Swedish risk intelligence company, Greater Than.

FIA Secretary General for Automobile Mobility Willem Groenewald said: “Outside of motor sport, the FIA is a key voice in the mobility space – helping to make every road more safe, sustainable and inclusive. We believe that every driver can make a difference – whether they’re a world championship contender on their way to the track, or a commuter heading home. We hope that users download this app, join a team, and help us drive this movement.”

Last year’s FIA SDC welcomed drivers from 92 different countries. Participants reduced their fuel or battery usage by an average of 9% – with the season’s smartest drivers cutting their emissions by up to one third. During the live final, the two best drivers also lowered their crash risk by nearly two thirds through safe and responsible driving practices.

The FIA SDC has been used by the FIA during the previous two United Nations’ annual climate change conferences, COP28 and COP29, to help raise awareness of the technologies available to drive down emissions globally.

Greater Than Chief Business Officer and Deputy CEO Johanna Forseke said: “It’s amazing to have witnessed such strong engagement in the FIA SDC over the years. We’re delighted that such well-known motor sport ambassadors have come on board for this seventh season to build on the programme’s positive momentum and further inspire safe, sustainable behaviours among drivers around the world.”

This year’s FIA Smart Driving Challenge will open on 1^st April. Any driver can get involved in the challenge, regardless of where they’re based or what kind of car they drive.

March 26, 2025 0 comments

DesertBoard UAE Triumphs at Global iF Design Awards 2025

by Hadeer Elhadary March 5, 2025

written by Hadeer Elhadary

DesertBoard UAE, the regional pioneer in sustainability, has emerged as a standout winner at the esteemed Global iF Design Awards in Hamburg.

Recognised for its innovation and commitment to eco-friendly solutions, DesertBoard secured four prestigious titles: Best Sustainable Building Material, Best Sustainable Building Panel, Best Sustainable Door Core, and Best Fire-Rated Sustainable Door.

The Global iF Design Awards, backed by the non-profit iF Design Foundation, celebrate groundbreaking designs that influence industries worldwide. This year, a jury of 131 design experts from 23 countries evaluated over 11,000 entries from 66 nations, selecting DesertBoard for its revolutionary approach to sustainability in construction materials.

DesertBoard’s award-winning innovation, Palm Strand Board (PSB®), is redefining the building industry by offering the region’s most sustainable alternative to traditional engineered wood-based panels. Developed using repurposed palm fronds, PSB® sets a new benchmark for environmentally responsible construction materials.

“Winning four awards at the Global iF Design Awards is a testament to the impact of our sustainable innovation,” said Kareem Farah, Director, DesertBoard UAE. “PSB® is not just a substitute for conventional engineered wood panels—it’s a game-changer in sustainable construction. These accolades reinforce our commitment to environmental responsibility while delivering high-performance materials to the industry.”

DesertBoard UAE is leading the charge in transforming 500,000^[1] tonnes of annual palm bio-ecological residue mass into high-quality, durable building materials. By diverting bio-ecological residual mass, DesertBoard actively reduces methane emissions—a major contributor to climate change—while promoting a circular economy.

“We’re proud to be the first company from the GCC region in the history of the iF Awards to have won four awards in Building Technology & Construction Material categories.” added, Kamal Farah, Director, of DesertBoard

Key Benefits of PSB®:

Sustainable & Renewable – Utilizes naturally occurring palm fronds, reducing reliance on traditional timber sources. PSB® is not reliant on deforestation and only uses naturally occurring bio-ecological residual mass. Mass deforestation has been a significant factor in accelerating climate change leading to soil erosion, fewer crops, flooding, increased greenhouse gases in the atmosphere, and a host of problems for local communities.
Fire-Rated Door Cores – Designed for enhanced fire safety, PSB Fire-Rated Door Cores are engineered to meet stringent fire resistance requirements. It holds accredited certifications for fire-rated performance by the Ministry of Interior Civil Defence (G.H.Q) as well as British, European and American standards.
High Durability & Strength – Engineered for structural integrity and longevity, ideal for engineering & construction, interior design, landscape, and events and exhibitions.
Resistant to Moisture & Pests – Outperforms engineered wood panels in humid and termite-prone environments.
Eco-Friendly Manufacturing – Designed for sustainability, DesertBoard minimises its carbon footprint through an industry-leading value-added product, responsible sourcing process and innovative production approach. The factory sources 30% of its energy from renewable resources and DesertBoard factory’s waste management system is able to recycle and reuse 3,800 kg of hazardous waste, annually.
Formaldehyde Free – PSB® contains zero Formaldehyde. This chemical is a colorless, strong-smelling, carcinogenic, flammable binding resin, commonly found in wood-based products. DesertBoard’s PSB® boards are manufactured with zero Formaldehyde glue as per the Al Sa’fat certificate of product conformity.

The UAE’s green building sector is experiencing rapid expansion, with the GCC sustainable construction market projected to grow from USD 39.72^[2] billion in 2025 to USD 66.82 billion by 2030. DesertBoard’s commitment to innovation aligns seamlessly with the region’s environmental goals, offering developers, architects, and contractors a high-performance, sustainable alternative to conventional materials.

With its multiple award wins, DesertBoard UAE continues to lead the industry in sustainable innovation, proving that environmental responsibility and superior performance can go hand in hand.

March 5, 2025 0 comments

Governance Latest News Uncategorized

Simon Stiell, Executive Secretary of UN Climate Change: Opening Remarks | COP29

by rachel November 11, 2024

written by rachel

Simon Stiell, Executive Secretary of UN Climate Change delivered the following remarks at the COP2 9 Opening Ceremony in Baku, Azerbaijan –

“Excellencies, Delegates, Colleagues,  

It is an honor to welcome you to COP29.   

I thank Dr. Sultan Al Jaber and the Emirati Presidency for their tireless work, as they pass the baton to President Babayev and Azerbaijan, who I must congratulate for the excellent facilities we find ourselves in.  

In tough times, up against difficult tasks, I don’t go in for hopes and dreams.

What inspires me is human ingenuity and determination. Our ability to get knocked down and to get up again over and over again, until we accomplish our goals.

The lady I’m standing with, in the picture, is my neighbour, Florence, in Carriacou. In July this year, this was us, standing in all that remained of her home.

At 85, Florence has become one of the millions of victims of runaway climate change this year alone.  

She was focused on one thing: Being strong for her family and for her community.  

There are people like Florence in every country on Earth. Knocked down, and getting back up again.

This UNFCCC process is the only place we have to address the rampant climate crisis, and to credibly hold each other to account to act on it.

And we know our process is working. Without it, humanity would be headed towards five degrees of global warming.

In these halls, we negotiate on specific pieces of the puzzle each year. It can feel far away from what’s happening in Florence’s living room. But we cannot afford to continue up-ending lives and livelihoods in every nation – so let’s make this real:

Do you want your grocery and energy bills to go up even more?

Do you want your country to become economically uncompetitive?

Do you really want even further global instability, costing precious life?

This crisis is affecting every single individual in the world in one way or another.

And I’m as frustrated as anyone that one single COP can’t deliver the full transformation that every nation needs. But if any of your answers to those questions was no, then it is here that Parties need to agree a way out of this mess.

That’s why here in Baku, we must agree a new global climate finance goal.  

If at least two thirds of the world’s nations cannot afford to cut emissions quickly, then every nation pays a brutal price. 

If nations can’t build resilience into supply chains, the entire global economy will be brought to its knees. No country is immune.

  So, let’s dispense with any idea that climate finance is charity. An ambitious new climate finance goal is entirely in the self-interest of every nation, including the largest and wealthiest.

But it’s not enough to just agree a goal. We must work harder to reform the global financial system. Giving countries the fiscal space they so desperately need. 

And here in Baku, we must get international carbon markets up and running, by finalizing Article 6.  

We need to move forward on mitigation, so targets from Dubai are realized.

We mustn’t let 1.5 slip out of reach. And even as temperatures rise, the implementation of our agreements must claw them back.

Clean energy and infrastructure investment will reach two trillion dollars in 2024. Almost twice that of fossil fuels.

The shift to clean-energy and climate-resilience will not be stopped. Our job is to accelerate this and make sure its huge benefits are shared by all countries and all peoples.

We must agree adaptation indicators. You can’t manage what you don’t measure. We need to know if we’re on a pathway to increasing resilience.

And we must continue to improve the new mechanisms for financial and technical support on loss and damage. 

We can’t make decisions in the dark. Biennial Transparency Reports, due this year, will give us a clearer picture of the progress we’re making, and the gaps that need to be filled.

Next year, all countries will deliver their third generation of national climate plans – NDCs.   

To support countries in creating and communicating them, the UNFCCC will launch a Climate Plan Campaign.

It will mobilize action from all stakeholders, and align with the efforts of the UN Secretary-General and the incoming Brazilian COP Presidency.

In parallel, we’ll re-start Climate Weeks from 2025. Aligning them more closely with our process and the outcomes it must deliver. 

At the Secretariat, we will continue to work tirelessly with what we have got, while being clear on what funding we need, so we can deliver on what’s increasingly being asked of us.

In the past few years, we’ve taken some historic steps forward. We cannot leave Baku without a substantial outcome. Appreciating the importance of this moment, Parties need to act accordingly.

Show determination and ingenuity here at COP29 – We need all Parties to push for agreement right from the start – To stand and deliver.

Now is the time to show that global cooperation is not down for the count. It’s rising to this moment. So let’s rise here together.

I thank you.”

November 11, 2024 0 comments

Environment Opinion Politics Uncategorized

The Case for Solidarity Levies

by rachel November 8, 2024

written by rachel

From Bridgetown to Nairobi to Paris, no country is immune to the worsening effects of the climate crisis. With each passing year, we witness more climate-related destruction. In 2024, we have set a number of new records: wildfires in Chile have destroyed more than 14,000 homes; extreme rainfall in Brazil has devastated 478 cities and left nearly two million people stranded in Bangladesh; and in July the world experienced its hottest day ever.

Africa has contributed only 3% of historical greenhouse-gas emissions, yet it endures some of the most severe climate-related disasters. These now cost the continent $15 billion per year, with climate-induced droughts and floods in 2023 causing food insecurity for more than 40 million Africans.

Convinced that no country should have to choose between fighting the climate crisis and combating poverty, we have decided to contribute to an ambitious reform of the international financial architecture. The Paris Pact for People and the Planet, the Bridgetown Initiative, and the Nairobi Declaration each seek to provide one piece of the puzzle. Current international dynamics give us hope: many reform tracks have been opened up, and some have delivered results. That said, many more efforts are needed, and no options should be overlooked.

One key piece is still underused: “solidarity levies.” Such policies are necessary to ensure that everyone contributes their fair share to what should be a global effort. There are swaths of the economy which are largely under-taxed yet polluting the planet. This applies to maritime shipping, aviation, and, of course, the fossil-fuel industry, which enjoys low effective tax rates due to government subsidies (totaling an estimated $7 trillion in 2022, according to the International Monetary Fund).

These levies can contribute by allocating a share of the revenues to developing countries. A global levy of 0.1% on stock and bond trades could raise up to $418 billion per year. A levy on shipping of $100 per ton of carbon dioxide could raise $80 billion per year. A levy on fossil-fuel extraction of $5 per ton of CO₂ could raise $210 billion per year. Even a partial redistribution through solidarity levies would guarantee a large source of predictable climate finance for these countries, thus complementing flows of official development assistance without amplifying existing debt burdens.

The benefits would be significant. Despite Africa’s climate vulnerability, its vast potential to leverage renewable energy and critical minerals, and its role as a global carbon sink, the continent receives far less climate finance than it needs. Solidarity levies could provide the funding needed to drive green development in Africa and around the world, especially in vulnerable low- and middle-income countries and small states with little fiscal room for building resilience or climate action.

These levies already exist. More than 30 countries currently implement a financial transaction tax, and at least 21 have a levy on airplane tickets. Moreover, even small-scale initiatives such as the International Oil Pollution Compensation Funds demonstrate the feasibility of an international redistribution mechanism. To replicate and scale up these models requires further international cooperation to limit market distortions and preserve a level playing field.

To that end, we launched the Global Solidarity Levies Task Force last year at COP28. With 13 member countries already, the task force has been examining the potential of levies across shipping, aviation, fossil fuels, and financial transactions, as well as exploring options like levies on plastic or cryptocurrency. In early 2025, we will publicly launch a handful of concrete proposals with rigorous impact assessments. These will be scalable – raising at least $100 billion per year – and accompanied by clear assessments of potential externalities.

As we head toward COP30 in Belém, Brazil, next year, political leadership will be essential to the initiative’s success. COP29 this month will provide the right opportunity to discuss our options and get on track for success. Our plan is to hold a special event for heads of state and government to marshal further support for our solidarity-levies coalition. This is a crucial opportunity to ensure that the United Nations’ New Collective Quantified Goal on Climate Finance incorporates solidarity levies and unlocks climate-finance flows that are both ambitious and equitable.

When it comes to additional sources of finance, experts often allude to “innovative finance.” In the case of global solidarity levies, the only innovation required is ambitious leadership across a sufficient base of countries. Let the tenth anniversary of the Paris climate agreement next year be remembered as the moment when we came together as a global community to implement solidarity levies, providing the financial tools necessary to meet the great challenge of our time. Ahead of COP29, we call on all governments to join our coalition, and we welcome the support of civil society, business leaders, and multilateral institutions.

By Emmanuel Macron, Mia Amor Mottley, and William Ruto.

Emmanuel Macron is President of France. Mia Amor Mottley is Prime Minister of Barbados. William Ruto is President of Kenya.

Copyright: Project Syndicate, 2024.

For more op-eds, head here

November 8, 2024 0 comments

Environment Finance Special Reports Uncategorized

Bain & Company and WEF: ‘Prioritising Sustainability in MENA’ | Report

by rachel November 8, 2024

written by rachel

A new report by global management consulting firm Bain & Company in partnership with the World Economic Forum (WEF) titled ‘Prioritising Sustainability in MENA: Mapping Critical Environmental Issues for Regional Businesses’ highlights the environmental challenges facing businesses across the MENA region and provides a roadmap for corporate leaders to align their operations with sustainability goals.

Historic commitments were made at COP28 in Dubai in 2023, and the region is under mounting pressure from investors, regulators and global markets to enhance transparency, accountability and sustainability practices.

The UAE made several pledges as the host of COP28, including various climate financing efforts, such as the $200 million contribution to the International Monetary Fund’s Resilience and Sustainability Trust to fund climate resilience in low-income countries. Furthermore, the UAE made a $30 billion investment towards a climate fund intended to mobilise $250 billion by 2030 to help finance climate initiatives.

“The MENA region is at a crossroads, where the choices made today will determine the sustainability and resilience of its economy in the coming decades”, said Abram Alami, Middle East Head of Utilities, Aviation, and Sustainability and Responsibility Practices at Bain & Company.

“This report provides businesses with the tools and insight they need to navigate the complex sustainability landscape and take decisive action.”

Key findings:

1 – Post COP28 Pressure

The MENA region is at a pivotal point in its sustainability journey – especially considering the landmark commitments made at COP28. Net zero pledges now cover 70 per cent of MENA’s emissions, up from 60 per cent two years ago. However, the report finds that businesses still lack clear tailored guidelines to meet these ambitious goals effectively.

2 – Environmental Materiality Assessments

The report emphasises the importance of environmental materiality assets as a critical starting point for companies aiming to meet sustainability goals. By prioritising issues that are most relevant to their industry and sector, MENA businesses can improve risk management, transparency and investor confidence.

3 – Sector-Specific Recommendations

The report outlines sector-based roadmaps. “MENA businesses have a unique opportunity to lead by example and redefine sustainable growth,” said Raja Atoui, Partner and Leader within the Energy & Natural Resources and Sustainability & Responsibility Practices at Bain & Company.

“Our sector-specific recommendations are designed to empower organisations at every stage of their sustainability journey – from those taking their first steps to those looking to achieve full environmental transparency.”

Industries such as oil and gas, retail, financial institutions, and utilities, received tailored recommendations on how to measure and disclose environmental impacts.

4 – The Role of Governments

Government leadership remains crucial in fostering sustainability across MENA. Policy and decision-makers must continue to set clear regulations, provide financial incentives, and support collaboration between public and private sectors to accelerate the region’s transition to a more sustainable economy.

Industry and Government Collaboration is key:

The report acknowledges the significant progress made by major corporations in integrating sustainability into their core business practices. However, it stresses the importance of broader collaborations to ensure these advancements reach small and medium enterprises (SMEs) that play a critical role in the MENA economy. The region can better meet environmental and economic goals by fostering a collective effort across supply chains.

Looking ahead:

Sustainability is becoming a defining element of business strategy, but the report calls for more robust collaboration between the public and private sectors, the adoption of regional sustainability reporting frameworks, and the acceleration of policies that support a sustainable future. With this new roadmap, MENA businesses can strengthen their environmental resilience and contribute effectively and meaningfully to global sustainability efforts.

Read the full report here

November 8, 2024 0 comments

Energy Latest News Uncategorized

KAHRAMAA Launches “BeSolar” Service for Distributed Solar Energy Systems

by Madaline Dunn August 20, 2024

written by Madaline Dunn

Qatar General Electricity and Water Corporation (KAHRAMAA) has launched BeSolar, a new service for installing distributed solar energy systems.

Explaining how the service works, KAHRAMAA said in a statement: “When electricity is generated from solar panels, it is first used to meet the customer’s needs, and the surplus is then sent to the grid.”

A bidirectional meter then measures the amount of surplus electricity sent to the grid, and KAHRAMAA will deduct the value of the surplus electricity from the next bill, it said.

A distributed solar energy policy and a net billing program have been developed to encourage installation in customers’ homes, farms, Ezab, and factories, the entity explained.

According to KAHRAMAA, the service aims to achieve the goals of Qatar National Renewable Energy Strategy, Qatar National Vision 2030, and the Third National Development Strategy (2024-2030).

KAHRAMAA also announced the opening of registration for qualifying contractors and license them to install distributed solar energy systems.

August 20, 2024 0 comments

Environment Innovation & Education Latest News Uncategorized

Green Youth Majlis Announces New Youth Committee Structure

by Madaline Dunn August 13, 2024

written by Madaline Dunn

The Green Youth Majlis has announced its Youth Committee Structure for 2024-2025.

An Environment Agency – Abu Dhabi (EAD) initiative, the Green Youth Majlis comprises over 650 members aged 18 to 35 and serves as a platform for UAE youth to meet quarterly and discuss sustainability practices and ideas.

Since 2019, 232 members have dedicated more than 970 hours across over 60 events, including the World Environmental Education Congress (WEEC), beach clean ups in Abu Dhabi, and informative live sessions on topics such as single-use plastics, it was noted.

In the platform’s new formation, Ahmed Al Shaibah, a member since 2015, will take on the role of Main Youth Advisor, with Majid bin Saad elected as Youth Advisor of the Youth Committee.

Dana Al Dhaen will take on the role of President, with Moza Salem Al Harrasi as Vice President, and Merah Alhefeiti leading the Climate Change Main Committee.

Maithah Alhefeiti will head the Biodiversity Committee, and Maryam Al Ansari will serve as the Communications Leader, it was shared.

Other appointments include Saif Al Ameri as the Recycling Committee Leader and Omar Al Hashemi as Excellence Leader.

The newly elected committee members will organise and lead various environmental campaigns, engage with the community, and work on projects addressing pressing environmental issues, it was shared.

“The Green Youth Majlis reinforce our commitment to educate and encourage young people to take environmental action. The new Youth Committee members have displayed passion, enthusiasm and excitement and have continued to steer us in a successful direction,” commented Youth Committee, Rasha Ali Al Madfai, Acting Director of the Environmental Awareness Department, Environmental Information, Science, and Outreach Management at EAD.

“Their support has been pivotal in advancing key environmental strategies, such as implementing the UN Decade on ecosystem restoration and various citizen science initiatives. We are proud of the Green Youth Majlis’s achievements and look forward to future successes and impactful initiatives that they will undoubtedly lead,” said Al Madfai.

“Creating sustainable solutions inspired by the surrounding environment will safeguard our future. By drawing upon our region’s natural resources, ecological insights, and unique environmental contexts, we can develop innovative strategies that address pressing environmental challenges. These solutions will enhance our climate change resilience and ensure that we maintain the delicate balance of our ecosystems for generations to come. It is through this deep connection to our environment and a commitment to sustainable practices that we will forge a path towards a more secure and thriving future,” added Dana Al Dhaen, the Majlis’ President.

August 13, 2024 0 comments

Ras Al Khaimah’s luxury waterfront districts witness historic boom

by Mohammad Ghazal August 11, 2023

written by Mohammad Ghazal

Ras Al Khaimah’s luxury waterfront districts witness historic boom

Bayut, the UAE’s leading property portal, has released its first-ever Ras Al Khaimah Real Estate Market Report, covering H1 of 2023.
Over recent years, RAK has established itself as a promising hub of real estate investment opportunities, a fact which is reflected in the data reported in Bayut’s Ras Al Khaimah H1 2023 report.
The statistics within the report illustrate a consistently steady demand for properties in the emirate’s most popular residential areas, which is contributing to price increases across both the rental and sales sectors.
Sustainable growth outlooks:
Bayut’s data also suggest that investor interest has largely been concentrated upon existing and upcoming waterfront/island developments in Ras Al Khaimah. This interest comes as no surprise considering the attractive lifestyle the emirate has to offer and the promise of exciting projects in the pipeline.
The healthy state of Ras Al Khaimah’s real estate market is expected to sustain for many years, especially with the Wynn Al Marjan Island resort, inclusive of a ‘gaming area’, due to open its doors in 2027.
Sale Apartments
When it comes to apartments for sale in Ras Al Khaimah, Al Hamra Village has been the top choice for investors:
• Apartments for sale in Al Hamra Village have recorded an increase of over 4% in average price-per-square-foot.
• Buyers have shown a preference for the apartments in Al Marjan Island where the average price-per-square-foot increased by 7.49%, and Mina Al Arab where apartments have become cheaper by under 1%.
• Investors buying apartments in Ras Al Khaimah have also shown a keen interest in areas such as Yasmin Village and Dafan Al Nakheel.
Villas:
Al Hamra Village and Mina Al Arab have been the top choices for investors looking to buy villas in RAK, further highlighting considerable market interest in the emirate’s premier waterfront developments.
ROI:
With an excellent ROI of 11.61%, the apartments for sale in Yasmin Village offered the best rental yields. Al Hamra Village and Dafan Al Nakheel also reported favorable projected rental yields of around 7%.
The villas in Al Hamra Village have recorded average rental yields of 6% during H1 2023, with houses in Mina Al Arab offering 5% rental returns.
Rent Apartments
For the first half of 2023, rental apartments in Al Hamra Village have been in high demand.
There was an increased demand in the following areas:
• Flats for rent in Al Hamra Village, Al Marjan Island and Mina Al Arab have reported increases of up to 9.86% in average annual rent.
• Other areas tenants have considered when it comes to renting apartments in Ras Al Khaimah include Al Nakheel and Al Seer. Asking rents in these areas remained unchanged during H1 2023.
Villas
Continuing to showcase the community’s popularity, Al Hamra Village has been the
most-searched-for area to rent villas in RAK, resulting in rental increases in both 3-bed and 5-bed configurations. Mina Al Arab has also attracted considerable tenant interest, despite overall increases in average rent.
To read our comprehensive real estate market analysis, check out the Ras Al Khaimah Market Report for H1 2023.
Dynamic market that has defied global expectations:
Commenting on the findings, Haider Ali Khan, the CEO of Bayut & dubizzle and the Head of Dubizzle Group MENA said:
“Throughout the first half of 2023, we have witnessed a dynamic market that has defied global expectations and showcased its potential for sustainable growth. Traffic has gone up by well over 20-25% in most key areas in Ras Al Khaimah, and investors from across the globe have recognized the emirate as a strategic destination, making it a hotspot for real estate opportunities”.
“The government’s proactive measures, strategic initiatives, and vision for sustainable growth continue to position the emirate as an investment destination of choice in the region”, Khan added.
“At Bayut, we take immense pride in being part of this transformative journey, providing cutting-edge technology and invaluable insights to empower buyers, sellers, and investors in making well-informed decisions. Our commitment to transparency and excellence has translated into creating a positive environment for the market as a whole and we are proud to be playing a pivotal role in shaping the future of the emirate’s real estate landscape”, he concluded.

August 11, 2023 0 comments