This week marked significant developments across various sectors in the UAE, including the announcement of the Eid Al Adha 2025 holiday dates. As the nation gears up for this festive occasion, other important updates emerged, including changes in petrol prices, new corporate tax regulations, and advancements in real estate tokenisation in Dubai. Here’s a closer look at these developments and more in the latest news roundup.
UAE Announces Eid Al Adha 2025 Holidays
The UAE government has officially declared the Eid Al Adha 2025 holidays for both the public and private sectors. Celebrations will commence on June 5, 2025, marking the beginning of the 9th of Dhu Al-Hijjah 1446 AH, and will continue until June 8, 2025. Regular work schedules are set to resume on June 9, 2025, allowing families and communities ample time to celebrate this auspicious occasion.
UAE Petrol Prices to Change for June 2025
In the coming week, the UAE will announce revised petrol prices for June 2025. After experiencing slight increases in May, the pricing for Super 98, Special 95, E-Plus 91, and diesel has remained relatively stable. Motorists will be happy to note that fueling cars remains significantly more affordable than a year prior, despite price fluctuations over the last 12 months.
UAE Introduces New Tax Rules for Partnerships
The UAE Ministry of Finance has rolled out a new tax treatment option for unincorporated partnerships, aimed at promoting transparency in tax practices while enhancing the overall business landscape. Under the Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses, these partnerships are classified as tax-transparent entities, further clarifying their operational framework amidst evolving regulations.
New Dubai Road Expected to Slash Commuting Times
A new road project in Dubai promises to reduce travel times from 20 minutes to a startling 3.5 minutes within the Al Warqa area. Set to open in early June 2025, this initiative by the Roads and Transport Authority (RTA) will create a direct entry and exit point from Sheikh Mohammed Bin Zayed Road, ultimately increasing road capacity by an impressive 5,000 vehicles per hour.
Dubai Launches First Tokenised Real Estate Platform
In a major initiative, the Dubai Land Department (DLD), in collaboration with Prypco, has launched the first-ever tokenised real estate investment platform, dubbed ‘Prypco Mint’. This groundbreaking project is set to revolutionise the industry and is being executed with support from the Virtual Assets Regulatory Authority (VARA), the Central Bank of the UAE (CBUAE), and the Dubai Future Foundation (DFF), aiming to streamline real estate investment in the region.
Binghatti Acquires Major Land for Residential Development
Binghatti Holding Ltd has successfully acquired over 8 million square feet of land in Nad Al Sheba, marking a significant step toward developing a master-planned residential community projected to exceed AED 25 billion in value. This new development area, which previously hosted the iconic Nad Al Sheba Racecourse, is strategically located near key Dubai landmarks and major roadways.
Disneyland Abu Dhabi Announcement Spurs Real Estate Activity
The recent announcement of Disneyland Abu Dhabi on Yas Island has triggered a flurry of activity in the local real estate market. Experts indicate that this development could greatly enhance the attractiveness of the area for investors and raise property prices. Riyad Magdy, Chairman and Founder of Oia Properties, noted, “The announcement has put Yas firmly in the spotlight and immediately boosted investor confidence in this world-class destination.”
EXCLUSIVE: Sobha Realty’s U.S. Expansion Plans
Dubai’s luxury property developer Sobha Realty has announced ambitious plans to expand into major U.S. cities, focusing on Dallas, Houston, and Austin. In an exclusive interview, Chairman Ravi Menon highlighted the cities’ rapid growth and robust economic conditions as key motivators for this strategic expansion, which is a cornerstone of the company’s international growth strategy.
UAE Malls Face Pricing Pressures Amid Tariff Changes
As the U.S. introduces higher tariffs on Chinese goods, the shift may impact prices in the UAE, particularly in ‘non-prime’ retail locations. Industry experts predict that this could lead to challenges for secondary retail spaces, given their dependence on international supply chains. PP Varghese from Cushman & Wakefield Core commented, “While the UAE doesn’t heavily import directly from the U.S., there are complex international supply chains where pricing changes could ripple through.”
UAE Takes Action Against Domestic Worker Recruitment Offenders
The Ministry of Human Resources and Emiratisation (MoHRE) has initiated legal proceedings against 30 domestic worker recruitment agencies due to violations identified during the first quarter of 2025. This action underscores the Ministry’s commitment to upholding regulations and ensuring compliance within the workforce recruitment sector, forming part of broader efforts to enhance monitoring and oversight in domestic labor practices.