Business Update #1 – 02-Mar-2026
- March 12, 2026
- 5
- News&Media
Special Update
Wasl Group to double its affordable housing portfolio over next 5 years
Wasl Group is expanding affordable housing as Dubai’s population surpasses 4 million. Managing ~45,000 units housing ~180,000 residents, Wasl is partnering with RTA and Dubai Municipality to double its affordable leasehold portfolio over five years, supporting Dubai 2040 and D33 through inclusive, sustainable communities.
Read the full article on Gulf News
Dubai Residential Rentals Transition From Fragmented To Professionalized Market
Dubai’s rental market is shifting from fragmented individual landlords to institutional ownership. Dubai Residential says professionally managed portfolios deliver stable, service-led renting, digital leasing, faster maintenance, stronger compliance, predictable renewals, and community-level planning, supporting a more transparent, resilient market as population growth continues.
Read the full article on Construction Business News
DFSA announces closure of Nasdaq Dubai exchange
DFSA ordered a temporary shutdown of Nasdaq Dubai on Monday, March 2 and Tuesday, March 3 due to ongoing regional developments. The regulator said it’s monitoring the situation closely and coordinating with local authorities and relevant advisories.
Read the full article on ARN
Emirates extends suspension of Dubai flights amid airspace closures
Emirates has suspended all flights to/from Dubai until 15:00 UAE time on Tuesday, March 3 due to regional airspace closures. Affected passengers can rebook to travel on/before 20 March or request refunds (via Emirates or their travel agent). Dubai city check-in points are closed until further notice.
Read the full article on Gulf News
Gold prices in Dubai jump over Dh9 per gram amid ongoing US-Iran military conflict
Dubai gold surged over Dh9/gram Monday; 24K opened at Dh645.25/g (from Dh636) as investors sought safe-haven assets after the regional conflict. Spot gold hit $5,353.8/oz (+1.43%). Analysts say prices may set fresh records while tensions and energy-price effects on rate cuts keep gold supported.
Read the full article on Khaleej Times
That’s it for now,
Stay Safe, Stay Indoors
