AB Espresso: The do’s and don ’ts of Dubai side hustles

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In today’s newsletter:

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

Dubai is witnessing a rise in professionals starting businesses while maintaining full-time jobs. Legal experts caution that this approach requires careful navigation of local laws. Derek Robbins, Associate at BSA Global, emphasised the importance of understanding the legal framework before pursuing entrepreneurial ventures alongside primary employment.

On the real estate front, Sheikh Zayed Road and Al Jaddaf have been designated as freehold ownership zones, and a Smart Rental Index has been introduced in Dubai. These initiatives are expected to drive redevelopment, potentially increasing property values by 30–50 percent in affected areas. Projects focusing on sustainability and energy efficiency are also likely to attract eco-conscious investors.

In addition, European real estate developer DHG Properties is expanding its UAE operations with a new AED300m ($82m) project in Meydan, Dubai. This is DHG’s second residential development in the city, following the launch of Helvetia Residences in JVC last year.

Aside from this, Ajman recorded 15,125 real estate transactions in 2024, with a total value of AED20.5bn ($5.6bn), reflecting a 21 percent growth compared to 2023. Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Ajman Department of Land and Real Estate Regulation stated that the real estate sector’s performance supports Ajman’s position as a leading investment destination.

Meanwhile, Saudi Arabia’s National Housing Company (NHC) has launched NHC Innovation, a technology firm focused on developing 400 digital real estate services. The initiative aims to provide advanced solutions for real estate and municipal markets while meeting evolving market needs.

Until next time, Sharon Benjamin for Arabian Business

THE LONGER READ:

Rubio faces a complex set of immediate challenges, including implementing the Gaza ceasefire deal, managing escalating tensions with Iran, and attempting to revive the Abraham Accords, experts say

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