Hello reader,

In today’s newsletter:

Discover the latest stories from Arabian Business, in case you missed them on Wednesday:

The UAE Ministry of Finance has launched the federal general budget cycle for 2027–2029. The plan supports national goals including the UAE Centennial 2071 and aligns with the newly unveiled “Towards Achieving We the UAE 2031” strategy. The cycle aims to improve fiscal sustainability and digital financial planning.

Aside from this, following its flight trials in Dubai with the RTA, Joby Aviation announced it will double its aircraft output at its Marina, California site. The expanded facility now spans 435,500 square feet and will support commercial scale-up.

On the real estate front, tax advisory firm Dhruva is reviewing VAT implications of tokenised real estate transactions in the UAE. This follows the launch of platforms offering fractional property ownership through blockchain-based digital tokens.

In addition, Bayut’s H1 2025 report highlights increased investor interest and rising demand in Abu Dhabi’s real estate market. The platform recorded over 9.3 million visits to Abu Dhabi listings, reflecting growing activity across sales, rentals, and off-plan segments.

Meanwhile, Saudi Arabia has extended the Facilitated Mortgage Program for another three years, now running until 2028. The initiative supports first-time homebuyers through financing and down payment assistance, as part of wider efforts to increase homeownership.

THE LONGER READ:

Abu Dhabi has enacted major real estate law reforms to boost investor protection, streamline oversight

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