AB Espresso: UAE launches 2027–2029 budget cycle

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

Was this newsletter forwarded to you? Subscribe now.

For editorial queries, please contact:

[email protected]

For advertising enquiries, please contact:
[email protected]

© 2024 ITP Digital Media Inc. All rights reserved.

Terms Policy

Email Information

You have received this email message from ITP Media Group, the leading media company in the Middle East. Your email address - [email protected] - has been recorded because you have subscribed to our newsletter through one of our market-leading websites, to one of our market leading print publications and newsletters or are registered with one of our websites. For more information, visit www.itp.com.

Remove your email address from this mailing list ONLY (Please note, this will not affect any other newsletter subscriptions)

Removal requests may take up to 48 hours to process; you may receive additional mailings during that time. A confirmation email will be sent when your request has been successfully processed.

Is this email in your junk/bulk folder?
To ensure that you receive all future newsletters and emails from us, add [email protected] to your address book.

ITP Media Group, PO Box 500024, UAE