Dubai real estate news, Mohamed Alabbar’s funding pledge, GEMS unveils $100m school and more top news stories
Salik
Latest in Salik
corporate governance
New UAE laws and regulations for 2025 – All you need to know
From landmark reforms in marriage and custody rights to new corporate governance rules, rental market changes, and traffic regulations, here’s your essential guide to the major reforms taking effect this year
Abu Dhabi
Eid Al Etihad holiday announced; UAE petrol prices set to change; AED100m lottery launched; Riyadh Metro opening date – 10 things you missed this week
UAE petrol prices, Eid Al Etihad holiday dates, national lottery announced, Riyadh Metro launch and more top news stories this week
Dubai parking
Dubai announces new Salik and parking prices; variable tolls and free journeys explained
RTA announces variable road toll and parking fees in Dubai
Dubai
Salik reaches other emirates with new Parkonic partnership
Salik eWallet users can now access over 135,000 parkings in 107 locations across the UAE after a 5-year agreement
Salik
Salik upgrades revenue guidance after record third quarter
Revenue rises 5.1% for 9M 2024 and 5.7% for Q3; Revenue expected to grow 7-8 per cent with introduction of two new gates
dubai salik gates
Dubai announces opening two new Salik toll gates to ease traffic
The new toll gates will be located at Business Bay Crossing and Al Safa South on Dubai’s Sheikh Zayed Road, and will be operational from November 24, 2024
Dubai
Salik completes valuation of new toll gates; revises revenue guidance
Combined valuation of Business Bay and Al Safa South is $744.4 million; Will increase revenue-generating trips by 7-8% for 2024
Dubai roads
Salik revenue climbs 4.9% to $300m in H1
Salik reports toll revenue of $260m in the first half of 2024
Dubai
Dubai Mall, Salik announce new rates for paid parking system starting July 1
The new Dubai Mall paid parking system will apply to Grand Parking, Cinema Parking, and Fashion Parking areas, while parking at Zabeel and Fountain Views will remain free
Dubai roads
Dubai’s Salik revenue up 8% to $153m in Q1
Salik recorded over 122m revenue-generating trips in Dubai in Q1 2024
Dubai
Salik shareholders approve all of H2 2023 net profit as cash dividends
Dubai’s toll gate operator will distribute total dividend of $150 million for second half of the year, equivalent to 7.3338 fils per share
dubai salik gates
Dubai toll gate operator Salik reports record revenue of AED2.1bn in 2023
Salik toll usage revenue, which accounts for 87.5 percent of total revenue, increased by 11.7 percent year-on-year, reaching AED1,845 million
Dubai
UAE salary guide; ‘Visa-free’ travel to UK; Dubai holiday dates; Best real estate investments; Saudi issues Eid rule – 10 things you missed this week
UAE salary guide, UK changes travel rules for GCC countries, Dubai and Saudi Arabia Eid holiday updates, best real estate investments and more
Dubai
Dubai traffic: Top lawyer Habib Al Mulla calls for Salik price hike to combat congestion
Dubai’s RTA responded to Habib Al Mulla’s suggestion noting variable Salik prices and increased costs could be a future solution
Roads and Transport Authority (RTA)
Dubai’s Salik announces two new toll gates on major routes to ease traffic
The new toll gates are expected to begin operations in November 2024, increasing Salik’s total number of toll gates in Dubai from eight to ten
Dubai
Salik to manage and operate Dubai Mall parking system
The toll operator will diversify its revenue for the first time and sees a compelling opportunity to expand in the private parking market