It was a big week of real estate, investment, and sports news last week.
We covered topics around the Dubai property market such as a good time to sell property, branded residences, affordable areas to rent and more. In addition, the UAE’s recent $272,000 rule change of long term residency rules around the is attracting wealthy retirees to the nation.
And as Dubai prepares to host the 2024 edition of the Dubai World Cup, check out our full guide to it.
Catch up on 10 of the biggest stories this week as selected by Arabian Business editors.
Dubai real estate: Should I sell my property in 2024? Experts weigh in
The Dubai property market has long been driven by strong demand, especially after COVID-19, driving more buyers to the thriving market than ever before. With prices sky-high though, is now the right time for owners to sell their investment?
Economic growth in tourism, trade, and finance increased prosperity, along with tax incentives and foreign ownership laws attracting overseas investment. In addition, government infrastructure spending has further helped put Dubai on the global map.
Rising populations also create high housing needs, making property investments appealing for solid rental yields this year.
But is it a good idea to sell a property in 2024? Here’s what experts told Arabian Business.
Dubai real estate: Are non-branded residences better than branded counterparts? Experts weigh in
The trend of branded residences is on the rise globally, especially in Dubai with noticeable increases in branded residential projects set to reshape the city’s skyline.
However, are there distinctive advantages to owning a branded residence over a non-branded one or is the price tag only associated with the brand name?
The primary distinction between non-branded and branded residences lies in the exclusivity associated with established brand names.
Sahil Khosla, CEO and Creative Director at SOHO Collection said in an exclusive interview with Arabian Business, “Branded residences often result from collaborations between luxury brands from various sectors, offering a unique lifestyle proposition.”
UAE Golden Visa: Wealthy ‘retirees’ flock to Dubai after $272,000 rule change
Dubai is anticipated to see an influx of wealthy ‘retirees’ from around the world, with city-based proptech firms reporting a surge in queries for residential real estate investments in the aftermath of the waiver on minimum upfront investments for property purchases required under the 10-year Golden Visa rule.
The city’s exceptional services and amenities, including addition of a range of world-class healthcare facilities, are also acting as catalysts for potential relocation for cash-rich retirees.
Dubai real estate: Top affordable areas for renting family homes under AED120,000
Dubai’s reputation as a global city extends to its diverse residential offerings.
Those searching for a home in a family-oriented neighbourhood can find the perfect balance between affordability, amenities, and community spirit without breaking the bank.
Based on Property Finder’s House Prices calculator, here’s a list of the most budget-friendly neighbourhoods for two- to three-bedroom family homes for less than AED120,000 per year in rent.
Dubai real estate: Areas where you can find 1-bedroom apartments for less than AED70,000
As rent prices surge across Dubai, finding an apartment within your budget can be challenging.
Financial experts typically recommend spending no more than 30 percent of your total household income on rent for it to be considered affordable.
Based on Property Finder’s House Prices calculator, here’s a list of Dubai neighbourhoods where you can find one-bedroom apartments for under AED70,000.
Is Dubai real estate a better investment than stocks in 2024?
Dubai’s real estate market has seen tremendous growth over the past few years, leaving many investors wondering if now is still a good time to buy property in the emirate or if their investments are better served in company stocks.
Dubai World Cup: The million-dollar price tag to maintain a champion horse revealed
The Dubai World Cup, with its staggering $30.5 million total prize money, is one of the most prestigious horse racing events in the world, attracting top horses, trainers, and owners from around the globe. The world’s finest horses gather at Meydan Racecourse in a show of speed and athleticism.
Owning a racehorse, particularly one capable of competing at the World Cup level, is a venture for the ultra-wealthy.
But beneath the glamour, how much does it actually cost to maintain a Dubai World Cup horse?
The end of Reddit? Unpaid moderators, investor profiteering, identity at risk after IPO
Reddit recently went public in one of the most anticipated IPOs of the year. But despite early trading success that saw shares surge 48 percent on day one, the company faces major challenges that could affect its future as questions linger about its financial viability and business model.
With its quirky ethos prided as the town square of the modern age and dependence on unpaid volunteers, Reddit has long styled itself as an underdog.
But its highly anticipated IPO thrusts the self-proclaimed “front page of the internet” squarely into the spotlight—and the harsh glare of public markets where turning a profit often trumps ideals.
Hair loss, robot transplants: Inside the multi-billion dollar industry battling baldness
Thinning hair, receding hairlines, bald spots – for countless men and women, these telltale signs of aging can deal a serious blow to self-confidence.
But patients are fighting back against hair loss like never before, fuelling a boom in the hair restoration business unseen before.
People of all ages are now choosing from a veritable hair menu of state-of-the-art solutions.
From transplants and growth serums to robotic implants, technology seems to be feeding demand and these treatments are only expected to become more advanced, with the global market for hair loss treatments projected to reach $3 billion by 2029 and the hair transplant market size valued at over $30 billion by 2031.
UAE jobs: Dealing with a toxic workplace? Here are 5 steps you can take, according to experts
In 2017, Tesla Inc.’s former assembly line staffer Marcus Vaughn filed a lawsuit against Elon Musk’s company, on the grounds of racism that took place at the electric carmaker’s Fremont, California, factory.
According to a report by Bloomberg, Vaughn’s lawsuit alleged that the company was a “hotbed for racist behaviour,” with co-workers and supervisors routinely using racial slurs. When taken to human resources, employee complaints went largely unanswered, fostering a hostile work environment.
While this is just an example of what a toxic workplace can be, there are many employees around the world who face similar or worse situations today. It could be a toxic leader, a stressful team, a passive-aggressive colleague who takes credit for your work, or simply an ignorant line manager.
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