Masdar and Emirates Water and Electricity Company are developing a $6.1-billion continuous clean energy project in Abu Dhabi. The system integrates a 5.2 GW solar photovoltaic plant with 19 GWh of battery energy storage to supply 1 GW of baseload power. A 13-bank consortium that includes Bank of China is providing a $5.1-billion financing package.
Company formation advisory firm RadiantBiz has highlighted how UAE corporate tax and foreign ownership reforms are impacting setup choices for incoming founders in Dubai. The implementation of a 9% corporate tax on profits exceeding AED 375,000 and updated mainland licensing rules require investors to align legal structures with operational revenue models.
Dubai commercial office rents averaged AED 241 ($66) per square foot during the third quarter of 2026 across approximately 20,200 leasing deals, according to Savills Middle East. Small office spaces dominated demand, with units under 1,000 square feet representing 66 percent of transactions. A development pipeline of roughly 20.4 million square feet of gross leasable office area is expected between 2026 and 2030.
Dubai Police unveiled the Yangwang U8 electric SUV as the latest addition to its luxury tourist patrol fleet during the WETEX 2026 exhibition. The high-performance Chinese vehicle, produced by BYD's luxury sub-brand, features 1,197 horsepower and emergency water-flotation capabilities. Introduced with UAE distributor Al-Futtaim Automotive Group, the vehicle will patrol high-profile landmarks including Burj Khalifa and JBR.
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