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Dubai Parenting

Al Jalila offers awareness activities for kids’ life skills

These activities included three workshops that were presented at AJCCC, held on 19 July, 27 July and 9 August…reports Asian Lite News

As part of its efforts to educate children on basic life skills throughout its 2022 summer programme, Al Jalila Cultural Centre for Children (AJCCC), an entity of Dubai Culture and Arts Authority (Dubai Culture), offered awareness activities in cooperation with Dubai Civil Defence (DCD) as a means of spreading awareness among children of various emergencies and how to deal with them safely.

These activities included three workshops that were presented at AJCCC, held on 19 July, 27 July and 9 August. The workshops were attended by 118 children of different ages, who gained insight into the work of firefighters and rescuers as well as listened to fire safety instructions and learned the steps and measures to take regarding home fires, such as contacting DCD on 997 to report the fire and seek help in addition to identifying ways to get out of the fire, the priority of self-rescue, and how to reduce the fire’s spread.

The activities and events of AJCCC’s 2022 summer programme commenced on 4 July and will continue until 26 August, in cooperation with partners Iqraa Arabic Language Centre, ‘Project You,’ and the Centre for Musical Arts, introducing children and adolescents to a variety of cultural, artistic and recreational activities aimed at developing their creative talents and unleashing their imaginations within four age groups: 4-5, 6-8, 9-11 and 12-16. To register, please send an email to info@iqraalc.com or call 055-1822510.

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Dubai Europe UK News

UK & Ireland team celebrate victory at 2022 Dubai Duty Free Shergar Cup

Winning trainer William Haggas set the tone for the afternoon. “I like this event because it is global,” he said. “That’s why it is so successful.”…reports Asian Lite News

The international flavour of the Dubai Duty Free Shergar Cup was more evident than ever at the 2022 renewal of the world’s premier international jockeys’ competition at Ascot Racecourse on Saturday, 6 August, despite a home win for the Great Britain & Ireland team who finished with 132 points.

The Ladies, captained by the competition’s all-time most successful rider Hayley Turner, put down an early marker when Joanna Mason took the opener aboard the William Haggas-trained Amanzoe with a ride that earned her the Dubai Duty Free Ride of the Day award and initiated a treble for the Newmarket trainer.  However, last year’s winners could finish only second in the overall competition with 81 points ahead of Rest of the World with 72 points and Europe in fourth place with 51 points.

Winning trainer William Haggas set the tone for the afternoon. “I like this event because it is global,” he said. “That’s why it is so successful.”

Haggas is challenging for the British Champion Trainers’ title this year. “My late father-in-law Lester Piggott was one of the breeders of Amanzoe and we’ll have to look for black type now that she has won this competitive Stakes.”

Haggas’s observation about the meeting’s global reputation was underlined in the next race, the seven furlongs Dubai Duty Free Full of Surprises Stakes. Neil Callan, recently returned from ten successful years in Hong Kong, and who had ridden a Newmarket treble the night before, drove home Orbaan who had made his way down to Ascot from the northern stable of David O’Meara.

“I’ve ridden against such as Christophe Lemaire and Kerrin McEvoy (of the Rest of the World Team)  and Frankie Dettori (Europe team captain) around the world,” said Callan. “It’s great to renew old friendships, though out on the track we’re as competitive for our teams as we are as individuals.”

The first two races on the eight-race card were worth £50,000 which stepped up to £75,000 for the remaining six bringing total prize money for the Dubai Duty Free-sponsored event to £550,000. The third event, the Dubai Duty Free Dash over the minimum trip of five furlongs, was won by Manaccan, the only three-year-old in the race and a horse with a bright future.

Manaccan had the inestimable services of Hayley Turner.  Hayley’s father was there to greet her returning to the winner’s circle with which she is so familiar. When Hayley won the Holyrood House sprint at Royal Ascot she had Manaccan back in fifth. “Adam Kirby rode him then and he advised me on the best tactics to win today,” said a grateful Turner.

Grateful too was Jamie Spencer for his first ride on moody The Maxwecan in the Dubai Duty Free Shergar Cup Stayers run over two miles. Though hardly sighted this year, The Maxwecan was a winner over Ascot’s course and distance three years ago.

There was a bunch finish for the minor placings and even with the introduction of different coloured caps for the runners at the meeting a couple of the runners could not be separated. That complicated the scoring but left the Great Britain & Ireland team with a healthy lead.

After the fourth race, halfway through the card, the scoreboard was beginning to take shape with Great Britain and Ireland stretching into an 18-point lead over the Rest of the World who in turn led the Ladies with Europe trailing.

That lead was extended by the victory of Pride Of Priory, a second on the day for trainer William Haggas and first for jockey Kieren Shoemark in the Dubai Duty Free Shergar Cup Challenge over the classic distance of a mile and a half. It extended the Great Britain and Ireland team’s lead to a 31-point gap over the Rest of the World.

“We love to support this event,” said Haggas. “We had the German jockey Rene Piechulek riding for us in an earlier race and though he didn’t win, he came in and gave us a proper run down on the horse. If we have runners in Germany I will be on the phone to him.”

The Dubai Duty Free Shergar Cup Mile featured the highest rated horses of the day and was won by Canadian star Emma-Jayne Wilson on Jungle Cove for Irish trainer Jessica Harrington who also owns the five-year-old and who flew over for the event, giving the Ladies some hope of challenging Great Britain & Ireland.

Mrs Harrington had a similar sort of runner, Supagirl in the seventh race, the mile and a half Dubai Duty Free Shergar Cup Classic – but this was William Haggas’s day – and Great Britain & Ireland’s too.  In a tight finish Haggas’s Hamaki outlasted Supagirl to make it a treble for the trainer and a double for Jamie Spencer.

Adaay In Asia trained by Harry Dunlop for the Great Britain & Ireland team proved a decisive winner of the day’s finale, the Dubai Duty Free Shergar Cup Sprint, and secured the Alistair Haggis Silver Saddle awarded to the day’s leading points scorer, for Neil Callan.

“I was ten years in Hong Kong where the racing is intense all the time,” said Callan. “It’s great to be back home to this lovely atmosphere and doing what I love – riding winners!”

Callan was joined on the podium for the closing ceremony by the rest of the Great Britain & Ireland team, Jamie Spencer, Kieran Shoemark and Daniel Tudhope to receive the Dubai Duty Free Shergar Cup trophy from Colm McLoughlin, Dubai Duty Free’s Executive Vice Chairman & CEO, Salah Tahlak, Joint Chief Operating Officer, Sinead El Sibai, Senior Vice President – Marketing and Bernard Aquino, Supervisor – PR & Media.

Mr McLoughlin said, “This year’s renewal of the Dubai Duty Free Shergar Cup has again delivered highly competitive racing and a terrific atmosphere.

“We congratulate all the winners and thank all the participants who continue to support this truly global occasion.”

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Dubai Lite Blogs

Global village to celebrate world wonders

The pavilions confirmed this season are UAE, KSA, Qatar, Bahrain, Kuwait, Afghanistan, Africa, Americas, China, Egypt, Europe, India, Iran, Oman, Japan, South Korea, Lebanon, Morocco, Pakistan, Palestine, Syria, Thailand, Turkey, Yemen, Russia…reports Asian Lite News

Global Village, the UAE and wider region’s leading multicultural family destination for culture, shopping, and entertainment, has today announced the first preview of some of the exciting new experiences and venue enhancements guests can look forward to in the new season set to open on 25 October 2022.

 27 Pavilions this Season 27

Celebrating the wonders of the world with authentic products and hidden gems, the pavilions are a popular and essential pillar of Global Village’s success, attracting artisans, entrepreneurs and artists from all corners of the globe, delighting millions of visitors every season.

This year 27 pavilions are confirmed each reflecting the distinctive personality and cultural diversity of the country or region they represent, through local arts and crafts, national foods, cultural entertainment and authentic products. New pavilions from Qatar and Oman for Season 27 will add to the excitement of the unique Global Village shopping experience.

The pavilions confirmed this season are UAE, KSA, Qatar, Bahrain, Kuwait, Afghanistan, Africa, Americas, China, Egypt, Europe, India, Iran, Oman, Japan, South Korea, Lebanon, Morocco, Pakistan, Palestine, Syria, Thailand, Turkey, Yemen, Russia. The Al Sana’a and Khalifa Foundation pavilions will also be returning with local entrepreneurs taking advantage of the Global Village platform to grow their businesses, allowing guests to be amongst the first to discover the latest products.

All new Road of Asia concept

A fresh venture in Season 27, Road of Asia is a new pedestrian street featuring 43 kiosks from 13 Asian countries who are not represented through the 27 pavilions. Each of these vibrant outlets will offer guests 100% authentic products from Sri Lanka, Indonesia, Cambodia, Malaysia, Brunei, Laos, Hong Kong, Taiwan, Vietnam, Nepal, Bhutan, Myanmar and Philippines.

In addition to unique product and designs, Road of Asia will showcase diverse cultures and traditions from one of the world’s most populous continents, home to several of the world’s oldest civilizations.

Mohamed Sharaf, Chief Operating Officer of Dubai Holding Entertainment said, “Global Village has been a regional and international phenomenon for over two decades, helping cement Dubai as a global hub for entertainment and tourism. Season 26 saw record footfall and the whole team is working hard to build on last season’s accomplishments to ensure next season’s success. Planning and construction is on track for the October 25th opening, and we are all looking forward to an unmissable line-up of new attractions, shopping, dining, and entertainment experiences.”

Global Village will be revealing more about Season 27 over the coming weeks and months, leading up to October.

For more information, please visit: www.globalvillage.ae

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Business Dubai India News

DMCC concludes Made for Trade Live roadshow in India

The Federation of Indian Chambers of Commerce & Industry said, “We are happy to partner with DMCC to discuss business opportunities in the UAE for our members in Chennai and Kochi…reports Asian Lite News

DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has successfully concluded its Made for Trade Live roadshow in Chennai And Kerala, India, where it highlighted the benefits of doing business in Dubai for Indian companies looking to expand internationally.

The event saw senior DMCC executives address over 300 representatives of the Indian business community from a range of sectors, as well as government bodies. Speakers and delegates discussed the strategic geographic location and commercial appeal of Dubai and the ease of doing business in DMCC, which is the fastest growing and most interconnected free zone in the world. The discussions also focused on opportunities for the UAE and India to enhance bilateral trade and business relations.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC commented, “Facilitating trade, removing barriers to entry and unlocking new business opportunities are critical components of DMCC’s mandate. Dubai and India share an extremely strong and long-standing trade relationship, and India is currently Dubai’s second largest trade partner. And the latest development that solidifies our relations is the UAE-India Comprehensive Economic Partnership Agreement – CEPA. The agreement, which came into effect in May this year, looks to boost bilateral trade to 100 billion US dollars in five years, an increase of 66% from the current 60 billion US dollars.”

He added, ‘Through these roadshows, we showcase the unparalleled potential that DMCC has to offer for businesses looking to set up a company in Dubai. While the diplomatic and trade relations between the UAE and India have increased substantially over recent years, there is still a lot more we can do together by supporting exporters and businesses in both countries.”

Held in partnership with the FICCI, the full capacity roadshow event demonstrated DMCC’s deep commitment to businesses in the region and underlined its focus on strengthening trade relations with India across a range of sectors such as Precious Metals & Stones, Technology & Telecom and Financial Services.

The Federation of Indian Chambers of Commerce & Industry said, “We are happy to partner with DMCC to discuss business opportunities in the UAE for our members in Chennai and Kochi. With the UAE-India Comprehensive Economic Partnership Agreement now in place, the commercial outlook for setting up a company in Dubai is high on the agenda for many Indian companies. DMCC, as a leading free zone, would provide these companies with the opportunities to further trade and investment.”

With a rich history of cultural, diplomatic and commercial ties, India is a key growth market for businesses in Dubai and DMCC. India is the second largest trading partner for the UAE and the UAE is the third largest trading partner for India. Both countries have joined forces in many trade and investment pacts in the past decade.

In February 2022, the UAE and India signed the UAE-India Comprehensive Economic Partnership Agreement (CEPA), which officially entered into force in May. Under the CEPA, both countries expect to boost bilateral trade from USD 60 Billion to USD 100 Billion within the next 5 years. The key products that will immediately benefit from the agreement include oil & gas, petrochemicals, minerals, textiles, agriculture, jewellery and gems, metals and more.

DMCC has played a significant role in enhancing UAE-India relations and is currently home to over 3,530 leading Indian businesses, which use the Free Zone as a hub for trading with countries around the world.  

DMCC’s Made for Trade Live series plays a key role in promoting Dubai as a prime destination for foreign direct investment (FDI). DMCC attracted a record-breaking 2,485 new companies to the free zone in 2021 and reported the highest first quarter of 2022 of company registrations since inception, bringing the total number of member businesses to over 21,000.

For the full DMCC events calendar, please visit: https://www.dmcc.ae/events.

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-Top News Dubai UAE News

Hamdan announces restructuring of Dubai Municipality

The structure will see the civic body have two sectors: Planning and governance; and corporate support services…reports Asian Lite News

The new restructuring of Dubai Municipality, with four new agencies, has been approved on Sunday, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, announced.

Featuring 4 new agencies, the restructuring will privatise eight main activities and create Dh10 billion worth of new opportunities, the Crown Prince said on Sunday.

The new structure facilitates enhanced governance and will reduce operational costs by Dh8 billion, he added.

The structure will see the civic body have two sectors: Planning and governance; and corporate support services.

“The Dubai Municipality’s new organisational structure includes agencies for environment, facilities management, building permits and waste management. Our goal is to build new productive partnerships, enhance financial sustainability and develop services that raise the quality of life in Dubai,” Sheikh Hamdan tweeted.

The new structure aims to maximise the economic, tourism and commercial impact of the municipality’s public assets, the Khaleej Times reported.

Private sector partnerships will be sought for: Irrigation services, city beautification and agriculture; veterinary services and slaughterhouses; and management of waste; markets; public parks and recreational facilities; water treatment plants and technical laboratories.

“The new agencies will develop a fresh set of plans that will further contribute to realising Sheikh Mohammed bin Rashid Al Maktoum’s vision for excellence. We have full confidence that the new sectors’ CEOs at the Municipality will drive innovation and achieve Dubai’s ambitious goals,” Sheikh Hamdan said.

He added that the leadership put the highest trust in Dubai Municipality team’s capabilities.

“With the enhanced efficiencies created by the new agencies, the team will develop exceptional new services for the people of Dubai. As Sheikh Mohammed has said our determination & hard work will shape a brighter future.”

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, said the Dubai Municipality will provide 60 per cent of the city’s services. “The changes are part of the city’s development journey.”

New departments created for the first time in the history of municipal work will be led by young cadres. These include food security management, digital transformation, urban planning and quality of life, business continuity, city beautification and public beaches and water canals, among others, it was reported.

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Dubai

Dubai Customs curates awareness and fun activities in Modesh City

The organization directs some attention to educating the general public around the importance of protecting intellectual property rights while introducing its innovations…reports Asian Lite News

In support of Dubai’s efforts to promote the entertainment and tourist activities offered to visitors during the Dubai Summer Surprises (DSS) 2022, Dubai Customs is vigorously engaged with a wide array of awareness and fun activities in Modesh City. These events and activities run from July 14 through August 16, and are focused on several themes, including IPR, Customs innovations like the inspection submarine, K9 customs dogs, and feature a showcase of talent performances from employees’ kids.

Every year Dubai Customs is very keen to actively participate in the Modesh World to educate and raise awareness of children by engaging  in all activities and events geared at new generations. The organization directs some attention to educating the general public around the importance of protecting intellectual property rights while introducing its innovations.

Dubai Customs’ events at this year’s Modesh World comprised IPR awareness workshops on the importance of intellectual property rights and their protection. Around 100 children took part in the workshops, where they were learned about the vital role of Dubai Customs in protecting the security of sea, land and air borders from the entry of counterfeit goods for the perils they pose for people, the environment and the economy.

Other workshops were also organized to present DC innovations, including the customs submarine, which is a unique underwater drone innovation that enables inspectors to obtain high-quality 3D images and videos of vessels’ hull, with the aim of detecting contraband and illegal imports. These workshops were an opportunity for Modesh visitors to view the innovative initiatives developed at Dubai Customs, and highlight their role in reinforcing protection of society and economy.

ALSO READ-Dubai real estate sales reach new records in July

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Dubai

Dubai real estate sales reach new records in July

The value of monthly sales during July 2022 recorded an increase of about 44% on an annual basis compared to July 2021, which exceeded Dhs11bn, resulted from 4,414 real estate deals…reports Asian Lite News

“W Capital Real Estate Brokerage” report assessed the strong momentum and exceptional performance of the real estate market in the Emirate of Dubai, in the first seven months of 2022, exceeding Dhs130bn,with 48.000 transactions, thus making the largest sales value ever during that period, according to the latest data issued by the DLD.

The value of real estate units sold in Dubai for the period from January 1 to July 31 of each year exceeds Dhs100bn for the second time .The first time was in July 2009 when real estate sales recorded a value of about Dhs103bn.

The month of July 2022 ,also recorded the highest total value of real estate sales deals in the Emirate of Dubai, with a value of more than Dhs16bn, a result of about 5,359 deals, which is the highest value ever for the month of July, followed by monthly sales of Dhs15.4bn in 2009.

The value of monthly sales during July 2022 recorded an increase of about 44% on an annual basis compared to July 2021, which exceeded Dhs11bn, resulted from 4,414 real estate deals.

Walid Al Zarooni, Chairman of W Capital, said that the real estate sector in Dubai continues to break records in terms of sales and transactions time after time, which is a strong indication of the continued momentum and exceptional performance that started since late last year, and a strong evidence of Dubai real estate market attracting more investments.

Al Zarooni said that the real estate market has recorded unprecedented performance since the beginning of this year, amid record growth in demand driven by a number of positive factors. The expert’s expectations for positive indicators to continue so as to achieve steady growth in real estate sales to exceed Dhs230bn by the end of the year.

Walid Al Zarooni pointed out that this strong performance of the real estate market in recent months is due to foreign investors in light of the increasing demand, the high real estate prices and the high return on investment by a large percentage that encouraged the influx of foreign individuals to buy thanks to the stimulating measures, unlimited support and quality initiatives launched by the Dubai government recently. These included the policies supporting expatriates, the new residency rules, and the residence of entrepreneurs and investors, which contributed to strengthening Dubai’s position at the forefront of global destinations as the best place to live, work and invest.

Al Zarooni pointed out that the Dubai Expo 2020, event ending late March, had the greatest impact in promoting the good investment and residence in Dubai and increased the demand for buying real estate units.

He revealed that the real estate market in Dubai has witnessed a radical change, especially in the past few years that witnessed a remarkable shift in investments, as attracted foreign investors and capitals after it was focused on local investors. There was significant increase in the sale of luxury and distinctive properties in conjunction with the increase in the investments of owners wealth, high income, thanks to the presence of advanced infrastructure along with a distinguished lifestyle that includes the best hotels and restaurants in the world and the exceptional amenities Dubai offers, which made it the best destination for work, live and invest.

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-Top News Dubai UAE News

Brand Dubai launches fifth Dubai Destinations guide

The guide is part of the latest phase of the Dubai Destinations campaign that invites local and international audiences to enjoy an epic summer in one of the world’s best cities to live and visit…reports Asian Lite News

The fifth in a series of new interactive Dubai Destinations guides was issued today by Brand Dubai, the creative arm of the Government of Dubai Media Office, featuring the season’s top culinary experiences and sartorial choices.

The latest guide lists unique clothing and F&B outlets that capture Dubai’s distinctive summer vibe. The guide offers a range of trendy stores that can help you raise your style quotient, as well as the coolest stops for indulging in specialty coffee and artisanal ice cream.

The guide is part of the latest phase of the Dubai Destinations campaign that invites local and international audiences to enjoy an epic summer in one of the world’s best cities to live and visit. Running until the end of August, the campaign encourages residents and visitors to discover Dubai’s diverse leisure, dining, adventure and family-friendly activities that make the city a one-of-a-kind summer destination.

Fatma Al Mulla, City Branding Executive, Brand Dubai, said, “The ‘Summer Essentials’ guide, our fifth interactive summer guide, released as part of the latest Dubai Destinations campaign, enables residents and visitors to explore a variety of outlets drawn from Brand Dubai’s ‘Proudly from Dubai’ network. The outlets feature some of Dubai’s most exciting homegrown restaurants offering culinary experiences ranging from gourmet delicacies to creative coffee concoctions and sweet treats. Also featured are clothing stores, each offering unique fashion choices for your summer wardrobe that will help you up your fashion game during the season. Brand Dubai is implementing the Dubai Destinations campaign with various stakeholders and the creative media community.”

Brand Dubai’s ‘Proudly from Dubai’ initiative tells the success stories of innovative businesses that were born and initiated in Dubai. It also seeks to tell the story of innovation and creativity shaping Dubai’s emerging business and entrepreneurial culture.

The first Dubai Destinations summer guide lists 115 indoor destinations for children while the second features 40 of the best summer camps. The third lists top-rated summer getaways, including hotels and theme parks while the fourth features a range of activities that can push your physical and creative boundaries. All the guides, available in English and Arabic, can be accessed on Brand Dubai’s digital platforms, including its website branddubai.ae and its Instagram account @branddubai.

The campaign is being rolled out over digital, broadcast, print and outdoor media to ensure it reaches large sections of local and international audiences. Key partners in the campaign include the Department of Economy and Tourism in Dubai; Dubai Municipality; the Roads and Transport Authority; the Dubai Culture and Arts Authority; Dubai Sports Council; Dubai Ladies Club; Emaar; Dubai Holding; Nakheel Properties; Majid Al Futtaim Group; and Merex Investment Office.

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Dubai India News Sports

Mumbai City FC to take part in a pre-season training camp in Dubai

The preparations will focus on getting the team ready for the 131st Durand Cup, set to begin on August 16, which will mark the start of the new domestic football season in India…reports Asian Lite News

As part of the team’s preparations for the 2022-23 season, Indian Super League (ISL) side Mumbai City FC’s squad along with the staff will travel to Dubai to take part in a pre-season training camp.

Mumbai City FC players will fly out later on Sunday to UAE and will set up base in Jebel Ali, Dubai in a 19-day training camp starting from July 25 until August 12.

Des Buckingham’s Mumbai City ended the 2021-22 season creating history at the 2022 AFC Champions League, becoming the first Indian club to win a game in Asia’s premier club competition. Building on, the Islanders are eager to kick-start their pre-season training to prepare for what will be the longest season in recent times in the Indian footballing calendar.

The preparations will focus on getting the team ready for the 131st Durand Cup, set to begin on August 16, which will mark the start of the new domestic football season in India. Drawn in Group B, Mumbai City FC will square off against ATK Mohun Bagan, East Bengal, Indian Navy and Rajasthan United in what will be the Islanders’ maiden appearance in Asia’s oldest football competition.

“I am extremely proud and happy with how we started and finished last season, especially in the AFC Champions League. To finish second in the group stage and showcase our attacking style of play was enjoyable to all associated with the club and showed that Indian football can compete and win at the highest level of club football in Asia,” said Des Buckingham, head coach, Mumbai City FC.

“”As we enter the new season we will look to continue the momentum from this historic campaign as we start our pre-season in Dubai. We have a very young squad here at Mumbai City — the average age of our domestic contingent is just 23 and have added some further quality and experience in the off season. We want to give our squad a platform and an environment that is conducive to their growth and development to prepare the whole team as well as possible for what will be an exciting season starting with the Durand Cup in August,” he added.

“Our vision for the upcoming season is clear – we want to build a team that can compete and compete well. With the expertise we have at our disposal, I believe we have put together a squad that can do just that. Des and his staff are determined to bring the best out of this incredibly talented playing group and take the club to newer heights. There is a desire to build on from last season and our pre-season camp in Dubai will lay the foundations of what we hope will be a successful season for Mumbai City, starting with the Durand Cup later in August,” said Kandarp Chandra, CEO, Mumbai City FC.

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-Top News Dubai

Dubai Metaverse Strategy to add 40k virtual jobs

Dubai Metaverse Strategy aims to turn Dubai into one the world’s top 10 metaverse economies…reports Asian Lite News

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, launched the Dubai Metaverse Strategy that aims to turn Dubai into one the world’s top 10 metaverse economies as well as a global hub for the metaverse community.

Sheikh Hamdan bin Mohammed underscored the importance of consolidating Dubai’s status as a hub offering the most advanced ecosystem for the metaverse and as a frontrunner in adopting digital solutions globally, which reflects the ambitious vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum for transforming the emirate into a global capital of advanced technologies, primarily artificial intelligence (AI) and Web3.

The strategy aims to build on Dubai’s achievement of attracting more than 1,000 companies in the fields of blockchain and metaverse. It also promotes Dubai’s ambitions to support more than 40,000 virtual jobs by 2030. This would further boost Dubai’s economy and support the UAE government’s vision of increasing the number of blockchain companies by five times the present number.

Sheikh Hamdan said that Dubai is making great strides in enhancing its position as a global testbed for metaverse technology while investing judiciously in building capabilities and talent in creating the region’s most robust and largest ecosystem for the metaverse community. His Highness added that adopting new technologies will be a stepping stone in Dubai’s vision to use future technologies to create new work models in vital sectors and increase the metaverse’s impact on regional and global economies.

Commenting on the launch of the Dubai Metaverse Strategy, Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Teleworking Applications, and Deputy Managing Director of the Dubai Future Foundation, reiterated the importance of designing the future with new digital strategies for adopting the metaverse in vital sectors. He added that the metaverse would drive the UAE’s and Dubai’s efforts to provide innovative solutions, positively impact people’s lives, and transform the city into one of the smartest hubs worldwide offering new economic opportunities.

Al Olama said the Dubai Metaverse Strategy is in line with the objectives of the UAE AI Strategy to enhance the country’s status as one of the world’s leading countries in futuristic sectors by investing in new initiatives and empowering talent to drive digital transformation and the adoption of future technologies.

The Dubai Metaverse Strategy aims to foster innovation, enhance the metaverse’s economic contributions through R&D collaborations, and promote advanced ecosystems utilising accelerators and incubators that attract companies and projects to Dubai.

The strategy emphasises fostering talent and investing in future capabilities by providing the necessary support in metaverse education aimed at developers, content creators and users of digital platforms in the metaverse community.

The Dubai Metaverse Strategy supports the development of Web3 technology and its applications to create new governmental work models and development in vital sectors, including tourism, education, retail, remote work, healthcare, and the legal sector. The strategy also aims to develop global standards in building safe and secure platforms for users and develop metaverse infrastructure and regulations to accelerate the adoption of these technologies.

The strategy’s key pillars focus on extended reality (which blends the physical and virtual worlds), augmented reality (AR), virtual reality (VR), mixed reality, and digital twins (a virtual representation of an object or system). The strategy aims at leveraging real-time data, using machine learning and IoT, and employing AI simulation and blockchain to enhance the human thinking processes.

Data, network, cloud, and edge computing are technology pillars of the metaverse strategy that focus on real-world data that is obtained, validated, stored, processed, and managed. Other pillars include promoting the full deployment of 5G networks to enable edge computing and provide on-demand computer system resources. Edge computing allows data to be collected, stored, and processed locally via smart devices and local networks instead of the cloud.

VR and AR are two key enablers of the metaverse, responsible for 6,700 jobs and contributing US$500 million to the UAE’s economy, which is expected to increase significantly in the future. The metaverse provides an array of economic opportunities. Globally, the value of venture capital and private equity financing in the metaverse reached US$13 billion in 2021, while real estate sales in the metaverse surpassed US$500 million last year.

Second Life – a virtual world in which participants can explore fantasy landscapes and build their own – contributed more than $650 million to global GDP in 2021. The metaverse also achieved 200 strategic partnerships with Sandbox, a decentralised gaming virtual world, which includes the launch of the Warner Music Group as a music-themed virtual world in the metaverse.

Analysts estimate that the metaverse will contribute up to US$5 trillion to the global economy by 2030. The market value of NFTs is expected to reach $80 billion, while consumer spending on in-game purchases is reckoned to reach US$75 billion by 2025. Recent studies show that the daily active users on Roblox, one of the leading global metaverse communities, has increased to 55 million. At the same time, 59 percent of global consumers are keen to transition at least one of their everyday activities to the metaverse.

H.H. Sheikh Mohammed bin Rashid Al Maktoum directed government teams to start developing the Dubai Metaverse Strategy 60 days before its launch. The strategy promotes the employment of a connected network of virtual spaces to enhance the community’s wellbeing in Dubai and enhance initiatives making it a role model in metaverse technologies with a robust digital infrastructure.

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