Some Abu Dhabi rents up 21 per cent as demand grows for luxury waterfront living in ADGM’s residential hub
Latest News
Sharjah real estate
Sharjah real estate transactions pass $2bn in July 2025
Sharjah real estate transaction volumes surge to 11,377 deals as investor confidence rises across residential, commercial, and industrial sectors
Allsopp & Allsopp
Dubai commercial property sales jump 271% in July 2025 as investors target premium spaces
Average Dubai commercial property sale price triples year-on-year to $3.92m, with India, the Netherlands, Saudi Arabia and the UK leading investment
passports
UAE announces major new passport rule
New rule doubles UAE passport renewal window from six months to one year, offering greater flexibility for travel and official transactions
inflation
Saudi Arabia inflation holds steady at 2.1 per cent in July 2025
Saudi Arabia’s inflation rate held at 2.1 per cent in July 2025, with consumer and wholesale prices showing minimal month-on-month change
Dubai
Dubai office sales values up 84% as transactions hit AED 5.4bn in H1 2025: Report
Transaction volumes were up 22 percent compared with the same period last year, reflecting robust demand in both prime office and logistics segments
Dubai economy
Dubai economy grows 4% to $32.6bn in Q1 2025 as health, property and finance surge
Dubai’s economy grew 4 per cent year-on-year, led by a 26 per cent surge in the health sector and strong performances in property and financial services
Dubai
Chef Izu’s KIGO to launch at Four Seasons Hotel DIFC in September
The name KIGO originates from Japanese haiku poetry, referring to words that capture the essence of each season
Audemars Piguet
Audemars Piguet acquires majority stake in Inhotec SA
The investment aims to strengthen Inhotec SA’s position in the Swiss watchmaking industrial ecosystem and support its long-term development
Air Arabia
Air Arabia records AED 415mn net profit in Q2 2025
Between April and June, more than 5.1 million passengers travelled with Air Arabia Group across its hubs, a 15% rise compared to 4.5 million passengers in the same quarter of 2024
Aviation
Dubai’s flydubai expands fleet with 12 new aircraft in 2025
The deliveries, made between April and August 2025, have grown the airline’s fleet to 93 aircraft
branded residence
Dubai real estate: Taraf breaks ground on Karl Lagerfeld Villas in Meydan
The project will feature 51 signature villas overlooking crystal-clear lagoons, with plot sizes ranging from 721 square metres to 1,790 square metres, and homes offering between five and seven bedrooms
RAK Properties
Ras Al Khaimah real estate: RAK Properties reports strong first-half results with record sales growth
For the period ending 30 June 2025, revenue rose 27% to AED 774.79 million
consumer behaviour
Labubu craze grips UAE as noon Minutes sees every drop sell out in ‘hours’
Scarcity, social media chatter and rapid delivery have turned a niche figurine into one of the fastest-selling items on noon Minutes in the UAE
billionaires
The new faces of wealth: Gen Z millionaires and billionaires reshape global rich list
Globally, teenagers and young adults are increasingly accumulating seven, eight, and even nine-figure fortunes through a combination of inheritance, entrepreneurship, and digital innovation
Abu Dhabi
TAQA revenue grows 4.5% to $7.73bn in H1 but profitability takes a hit
Despite pressures, it continued to execute its international strategy, with new partnerships in Morocco and acquisitions in the UK and Uzbekistan
Cafu
Parkin turns Dubai’s parking spaces into ‘moment of convenience’ with CAFU tie-up
CAFU will offer on-demand fuel delivery and car wash services for vehicles parked at Parkin facilities starting Thursday, August 14
