Khaleej Times

The UAE wants half of the cars on its road to be electric by 2050 — but by 2030, researchers at PwC estimate that only 15% of vehicles are expected to be EVs. “That is definitely a stretched target,” said Heiko Seitz, Global & Middle East eMobility leader at PwC Middle East, adding that without regulation changes, the 2050 target is “basically impossible”. If only 15% of cars on UAE roads are electric by 2030, the country will need to more than triple that number in just two decades — cranking up EV adoption by 1.75 percentage points every year — to hit its 50% target by 2050. Will the UAE be able to overcome these challenges and hit its ambitious EV target? Share your thoughts in the comments. And to read the full story from this week's KT Luxe issue, tap here: https://lnkd.in/dBBGwHme #electricvehicles #EV #sheikhzayedroad #dubai #khaleejtimes 

Residents in the UAE travelling to the United Kingdom for tourism, medical treatment, study and other purposes will have to shell out higher visa costs from next month. The fees for visas have increased by around 10% for different categories. From April 9, 2025, UAE travellers applying for an up to 6-month visit visa will have to pay £127 compared to the current fee of £115, an increase of £12 or 10.4%, according to the UK Government. Read more: https://lnkd.in/dUEZiqEk #UKtravel #UKvisa #uae #khaleejtimes

Aakash Ohri‭, ‬the chief business officer at DLF Limited, notes that the trend of affluent Indians buying luxury houses picked up pace after the pandemic‭, ‬as home buyers‭, ‬unfazed by‭ ‬high borrowing costs‭, ‬kept lapping up bigger‭, ‬more amenities-laden houses‭. ‬ “The pandemic taught us one thing‭: ‬life is finite‭, ‬so live it up‭,‬”‭ ‬Ohri says‭. ‬ Read the full interview here: https://lnkd.in/dy2QSRBU #luxuryrealestate #indiarealestate #BrunchwithKTLuxe #KTLuxe #khaleejtimes

Dubai’s plan of real estate tokenisation will give small investors access to high-value properties without the need for substantial capital, say industry executives. On Wednesday, the Dubai Land Department (DLD) launched the pilot phase of the 'Real Estate Tokenisation Project' to implement tokenisation on property title deeds. “This means investors can access high-value properties without substantial capital, which democratises the market. This will attract a broader pool of investors, including international ones, boosting liquidity and driving growth in Dubai's property market. Additionally, blockchain technology ensures secure transactions while reducing risks,” said Wissam Breidy, CEO of HRE Development. Read more: https://lnkd.in/d8Vef4ub #realestate #realestatetokenisation #dubaiproperties #dubai #khaleejtimes

Gold prices remain well-supported and could reach $3,200 in the next few quarters after it crossed the $3,000 threshold earlier this month. Analysts project that geopolitical tensions, inflows into gold exchange-traded funds (ETFs), interest rate cuts by the US Federal Reserve and central bank buying will continue to support yellow metal in the medium term. The precious metal crossed the $3,000 per ounce mark for the first time ever on March 14, solidifying its position as a safe haven asset amidst global uncertainties. Read more: https://lnkd.in/dznFFXV8 #goldprices #gold #ETF #USFed #markets #khaleejtimes

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Dubai Land Department (DLD) on Wednesday said it launched the pilot phase of the 'Real Estate Tokenisation Project' to implement tokenisation on property title deeds to open new investment opportunities for investors. DLD said it seeks to diversify property ownership by allowing multiple investors to co-own a single property through tokenised real estate assets. Real estate tokenisation transforms real estate assets into digital tokens using blockchain technology. Each asset is divided into shares based on an investor’s budget and financial strategy, enabling fractional property ownership. This approach marks a significant shift by allowing investors to acquire a portion of a property without fully purchasing it, leveraging advanced technology. Unlike crowdfunding, which grants investors access to the real estate market with small investments through digital platforms, tokenisation offers a distinct and more structured model for real estate investment. Read more: https://lnkd.in/eaCHwrV5 #Khaleejtimes #RealEstate #DLD #Dubai

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The UAE is driving the next wave of AI-powered trade. Raja Al Mazrouei, CEO of Etihad Credit Insurance (ECI), shares how digital finance, risk management, and leadership are shaping the UAE’s economic future. 📌 Click the link in the first comment to watch the full interview. #AI #tradefinance #leadership #WomenInBusiness #EconomicGrowth #KTShows #khaleejtimes