Archives April 2026

Market registers 36,658 residential tenancy contracts worth AED3.16 billion as rents show YoY increases

Dubai, UAE, 16^th April, 2026: Dubai’s real estate market recorded 3,308 resale transactions worth AED15.39 billion in March, delivering a net gain of AED4.6 billion for long-term investors. 

A market analysis issued today by fäm Properties also revealed that 36,658 residential tenancy contracts worth AED3.16 billion were registered during the month, two-thirds of which were renewals. 

Data from DXBinteract, meanwhile, showed that average rents for new residential contracts rose 7% year-on-year in March, led by the villa segment where rents surged 15.9%.

“The first two months of the year were very strong, and despite the current regional tensions, March has produced some genuinely positive results,” said Firas Al Msaddi, CEO of fäm Properties.

“Q2 transaction volumes will give us a clearer picture of any sustained impact on the market from geopolitical events, but we are continuing to see strong interest in Dubai real estate, particularly from end users and long-term investors.”

“What is equally telling is the rental picture,” added Al Msaddi. “The volume of tenancy renewals alongside strong new contract numbers shows that Dubai remains the place where people are choosing to live and build their lives.” 

In the secondary market last month, ready properties accounted for 2,444 transactions worth     AED 9.01 billion, off-plan resales generated 760 transactions worth AED 3.23 billion, and plot sales added 104 transactions worth AED 3.15 billion.

Overall, 89.5% of resale transactions were profitable with a median gain of 25.0%. Villa transactions were the strongest performer with a 97.0% profitability rate and a median gain of 60%, while plot sellers achieved a median gain of 99%. 

MARCH RESALE PROFITS

Rental activity in March was dominated by apartments which accounted for 33,500 registered tenancy contracts worth AED 2.40 billion, 22,700 of these renewals.

Villas totalled 1,870 contracts worth AED 537.1 million, including 1,200 renewals, while townhouses accounted for 1,288 contracts worth AED 219.4 million, 610 of those renewals.

Commercial rental activity added a further 16,600 contracts worth AED 1.24 billion, comprising 10,600 new tenancy agreements valued at AED 477.6 million and 6,000 renewals worth AED 763 million.

Average rents on new residential contracts rose 7.0% year-on-year in March to AED 106,000, with villa rents surging 15.9% to AED 387,000 annually and apartments up 5.0% to AED 84,000. New townhouse rents were the only segment to edge lower, slipping 1.7%. Renewal rents told a similar story, rising 4.9% overall, with villas up by 14.5%.

RENTAL PERFORMANCE 

Apr 16 (BNP): India can play a meaningful role in accelerating Africa’s clean energy transition by sharing its experience in scaling renewable power, particularly solar and wind energy, according to a recent report.

Over the past decade, India has expanded its renewable energy capacity by more than 130 gigawatts, with clean energy now accounting for over half of its installed electricity base. This growth has been supported by stable policy frameworks, competitive project auctions, and the rapid expansion of distributed solar systems that reach rural and underserved regions.

In Africa, energy access remains a major challenge, with nearly 600 million people still without electricity. However, the continent is witnessing steady growth in renewable energy deployment, with solar and wind projects increasingly powering homes, agriculture, and small industries.

The report highlights Africa’s exceptional solar potential along with its rich reserves of critical minerals such as lithium, cobalt, and copper—resources that are essential for batteries, grid infrastructure, and renewable technologies. In several regions, solar power is already proving more affordable than fossil fuel-based electricity when fuel and infrastructure costs are considered.

It also points to growing collaboration between India and African nations in areas such as grid integration, transmission development, and energy storage solutions, supported by Indian energy institutions and technical partnerships.

Experts suggest that deeper cooperation in financing, technology transfer, and policy design could significantly speed up Africa’s energy transition while strengthening long-term India–Africa clean energy ties.

Qaqortoq, Greenland – Apr 16:  A new airport has opened in Qaqortoq, giving international travellers direct access to the main town of South Greenland for the first time. This marks the opening up of one of the Arctic’s most diverse and lesser-visited areas.

Previously accessible only by helicopter or boat, Qaqortoq now becomes the main gateway to the south, with year-round flights from Nuuk and seasonal connections from Iceland. The airport replaces Narsarsuaq as the primary access point, significantly reducing travel time to the southern hub of Greenland. The 1,500-metre runway can accommodate Dash-8 Q200 and Q400 turboprop aircraft.

South Greenland is often associated with green pastures, sheep farming and wild nature. The area offers fjords, fertile valleys and a rich cultural landscape shaped by Inuit communities and Norse settlers since the time of Erik the Red more than 1,000 years ago. Improved access also opens routes to areas such as Tasermiut Fjord, known for its dramatic peaks and often referred to as “the Patagonia of Greenland”.

Visit Greenland Director Anne Nivika Grødem said:

“South Greenland offers a rare combination of powerful nature and a living culture shaped over generations. Improved access allows us to welcome visitors with greater intention—encouraging travel with curiosity, while creating lasting value for local communities and more meaningful experiences for our guests.

The opening forms part of a wider expansion of Greenland’s airport network, following Nuuk’s airport and ahead of Ilulissat’s new airport later this year—making Greenland increasingly accessible as a multi-destination destination.

Air Greenland expects around two daily flights between Nuuk and Qaqortoq year-round, with up to 17 weekly rotations during the summer period. Icelandair plans four weekly summer flights between Keflavík and Qaqortoq.

Miki Jensen, CEO of Innovation South Greenland, added:“This is a big day for the community. The airport connects South Greenland more closely to both the rest of the country via Nuuk and the world via Keflavik. It creates new opportunities for tourism and business, while strengthening everyday life in the area.”

South Greenland stands out for its relatively “mild” climate, green landscapes and the UNESCO World Heritage Site Kujataa, where over 1,000 years of farming traditions continue today.

Improved air access is expected to support year-round tourism, a key priority for strengthening local businesses, reducing travel times and contributing to more balanced development across Greenland.

“With the opening of Qaqortoq Airport, we are taking an important step in the development of South Greenland. We are proud to contribute to the development of Greenland’s infrastructure and look forward to seeing how these new opportunities translate into tangible growth,” says Jens Lauridsen, CEO of Greenland Airports.

New Delhi, April 16: Mobec Innovations, India’s first full range provider of mobile EV charging solutions, energy storage systems, and battery recycling and refurbishment services, has elevated Gautam Singh and Satybrat Shukla as Co‑Founders, joining Harry Bajaj in leading the company. Gautam will head R&D and oversee day to day operations at Mobec’s plants, with a strong focus on advancing battery recycling technologies and process efficiencies. Satybrat will lead sales, marketing, and customer relations, guiding teams responsible for client engagement. The expanded founding team underlines the company’s commitment to innovation in lithium ion battery recycling, portable EV charging systems, and next generation energy storage.

Announcing the leadership expansion, Harry Bajaj, Founder and CEO, Mobec Innovations, said:

“Gautam and Satybrat have been integral to Mobec’s growth, driving product design, development, and client deployment from concept to execution. Their elevation recognises the leadership, technical depth, and commitment they have consistently demonstrated. As we scale, their roles will be critical in deepening our capabilities in EV charging, battery recycling, and reuse. I look forward to driving Mobec’s next phase of growth together.”

Mobec offers ultra-fast, portable DC charging solutions from 5 kW to 60 kW for two wheelers, four wheelers, commercial vehicles, and fleets. Through a mobile app, users can schedule charging at their desired location and time, ensuring accessibility and convenience. In its battery recycling vertical, Mobec operates a state of the art campus that recovers critical minerals such as lithium, cobalt, copper, nickel, aluminium, graphite, and manganese from end of life batteries. Using advanced techniques such as black mass extraction and mineral recovery, the company maximises resource efficiency and reduces dependency on virgin materials. Old batteries are also serviced and upgraded after extensive testing and then deployed in home storage and commercial applications, helping reduce waste and support a circular economy. Once these materials are extracted, they are supplied to manufacturers of industrial products which use copper, aluminium and manganese. Other extracted materials such as cobalt, nickel and graphite are sold manufacturers of electronics and other components.

Gautam Singh and Satybrat Shukla, newly appointed Co‑Founders, said:

 “It is an honour to be redesignated as Co‑Founders of Mobec, an organisation where we have grown both professionally and personally. We remain committed to building next generation, AI driven energy solutions that advance India’s EV ecosystem.”

In their expanded roles, they will focus on developing AI enabled products and expanding new verticals in battery recycling and mobile EV charging. Key offerings include a new generation GEN set 7 kW, a compact, energy efficient storage system, and a new generation GEN set 30 kW, a portable, solar compatible system with high power capacity. These advanced energy systems are designed for reliable, sustainable power storage across industrial, residential, and off grid applications.

Mobec aims to build, deploy, and operate mobile EV charging infrastructure across India’s major cities, ensuring seamless and eco-friendly solutions. Alongside this, the company is expanding its battery recycling ecosystem by recovering and reintegrating battery materials into the value chain. By addressing India’s unique transportation needs, Mobec is shaping a future where green mobility is powered by accessible, innovative energy solutions.

transcosmos Wins Salesforce Japan Partner of the Year – Innovation Award, Showcasing Excellence in the Salesforce Ecosystem

Japan, Apr 16: transcosmos is proud to announce that it has been named Japan Partner of the Year – Innovation – at the Salesforce Japan Partner Award 2026. The company was recognized for its support of Kanagawa Prefecture, a client, in addressing challenges in the #7119 / #8000 Contact Center Project through the effective use of a range of products, including Agentforce for Public Sector, Agentforce Service, Data 360, Tableau, and Agentforce.

transcosmos proactively leverages Agentforce, Salesforce’s AI agent solution, in contact center operations to address potential challenges in continuously securing human agents, standardize service quality, and simplify human agents’ after-interaction work. The company also uses Tableau and Data 360 to help clients analyze accumulated data, as well as to develop and operate systems that drive operational improvement. Upon receiving the award, transcosmos was provided with the following comment from Atsushi Urano, Senior Vice President – Japan, Korea & Taiwan, Alliance & Channels & Global Technology Partners: “transcosmos strives to accelerate clients’ growth and enable them to make a leap forward by helping address their challenges across the entire CX domain, in a world where technologies continue to progress at an unprecedented pace and the AI revolution advances. For Salesforce, all partner companies are essential to driving clients’ success.”

Salesforce Japan Partner Award 2026 marks its 19th anniversary this year. Through this award program, Salesforce recognizes its partners—including consulting firms, digital agencies, sales agencies, and ISV partners—for their significant contributions across cloud, industries and sectors, and a wide range of partner programs.

transcosmos is a trademark or registered trademark of transcosmos inc. in Japan and other countries. Salesforce is a trademark of Salesforce, inc., as are other names and marks. Other company names and product or service names used here are trademarks or registered trademarks of respective companies. Please visit the following link for a list of winners of the Salesforce Japan Partner Award 2026. https://appexchangejp.salesforce.com/learn/fy27-partner-award.

Mumbai, Apr 16: One of the most beloved summer season rituals in India is the arrival of mangoes. The first Alphonso crate of the year carries with it a sense of anticipation that feels both nostalgic and indulgent. And bringing this very nostalgia to your plates with its new Alphonso mango-inspired seasonal menu this summer is TAT, a regional dining destination in Vikhroli. This limited-edition menu celebrates summer in the most delicious way. It explores the richness and versatility of the king of fruits in diverse ways – from comforting classics to indulgent dishes, while staying true to familiar, honest flavours.

Among the highlights is the Mango Sticky Rice, which is a coconut-infused sticky rice topped with ripe alphonso mango and a light coconut cream drizzle, which is simple, rich, and comforting. Meanwhile, there’s Aamras with Poori (alphonso mango pulp, naturally sweet and fragrant, served with warm, puffed pooris), reminiscent of childhood afternoon meals.

To end this delectable meal on a sweet note, there’s the must-try – Warm Crispy Mango Cigars – crisp, golden rolls that crackle with every bite, revealing a luscious Alphonso mango filling, served warm for a perfectly light yet indulgent finish.

And not to forget beverages like Aamras, Mango Lassi, and Mango Milkshake, all about nostalgia and comfort with every sip.

These seasonal ingredients lend a refreshing burst of colour and vibrant flavours to the menu, perfect for the warmer months. Available for both lunch and dinner, the Summer Menu is offered as part of the à la carte selection, allowing guests to enjoy each dish at their own pace alongside TAT’s regular offerings.

The menu will continue through the summer, centred around the quality and seasonality of Alphonso mangoes.

Apr 16 (BNP): Indian ethnic wear brand Libas is targeting a public listing by early next fiscal year as it continues to expand its retail presence across the country, according to a top company executive. However, the timing of the initial public offering (IPO) may shift by a few months depending on market conditions.

The company noted that recent volatility in equity markets, driven by geopolitical tensions, renewed global trade uncertainties, and foreign investor outflows, has impacted overall sentiment and valuation trends.

The Chief Executive Officer said the IPO timeline remains flexible and could be delayed if market instability and geopolitical tensions persist, particularly in the Middle East region.

Alongside its listing plans, Libas is also evaluating a potential private equity funding round to support its growth strategy. The company stated that it currently has sufficient financial runway but did not disclose further details.

Libas had previously raised ₹150 crore in 2024 at an undisclosed valuation.

The brand operates 50 stores across 15 cities in India and is pursuing an aggressive expansion strategy, with plans to open at least 70 new outlets annually over the next two years. This would take its total store count beyond 200 locations.

India’s retail sector, currently valued at over $1 trillion, is expected to nearly double by 2030, driven by rising consumption and a growing middle-class population, creating strong growth opportunities for organised retail brands.