Industry News

Parkin Renews 10-Year JLT Parking Agreement With DMCC Covering 2,800 Spaces

Dubai parking operator Parkin Company PJSC has renewed its Parking Management Framework Agreement with the Dubai Multi Commodities Centre for 10 years. Under the contract, Parkin will exclusively operate approximately 2,800 paid parking spaces across Jumeirah Lakes Towers, including 250 motorcycle bays. The agreement also includes plans to install solar power infrastructure to support both entities' sustainability targets.

Policy & Legal Updates

UAE Launches Health Sector Climate Adaptation Plan for 2026 to 2031

The UAE Ministry of Health and Prevention has launched the Health Sector Climate Adaptation Plan (2026–2031) to mitigate climate-related health risks. Announced at the Abu Dhabi Future Health Summit, the initiative focuses on shifting healthcare systems toward risk anticipation and early prevention. The strategy was developed in partnership with the Ministry of Climate Change and Environment and aligns with national adaptation frameworks.

Policy & Legal Updates

UAE-Led Global Operation Blocks 123m Online Fraud Attempts and Identifies $39bn Assets

A UAE-led international operation thwarted over 123.71 million online fraud attempts and identified more than $39 billion in fraud-linked assets. The three-month crackdown involved law enforcement from 30 countries, including China, alongside international organisations and major private technology firms. The initiative led to the arrest of over 960 individuals, the blocking of 4,126 bank accounts, and raids on 29 fraud centres.

Industry News

Dubai Records 412 Ultra-Luxury Property Deals Exceeding $10 Million in Nine Months

Dubai recorded 412 luxury real estate transactions exceeding $10 million during the first nine months of 2026, totaling $6.67 billion, according to Knight Frank. The deal volume marked a 15.4% increase compared to 357 transactions logged during the same period in 2025. Palm Jumeirah led the ultra-luxury segment, accounting for 31% of sales valued at $10 million or more in the third quarter.