The UAE’s affordable luxury real estate sector is experiencing significant growth, with a 34% surge in transaction values in 2024 and forecasts indicating a 5-10% increase in property launches targeting this segment in 2025. Dubai’s luxury market saw a 26% year-on-year increase in transaction prices for apartments in sought-after areas, reflecting a maturing market with balanced supply and demand. Projections suggest the market will maintain a 2.28% annual growth rate from 2025 to 2029, reaching an estimated value of AED 2.79 trillion by the end of the decade, driven by strong economic policies and urban development strategies.
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Israel launches ground operation in Gaza as ceasefire collapses: What we know
The Israeli military resumed ground operations in central Gaza, breaking a fragile ceasefire after airstrikes killed over 400 Palestinians. Troops advanced into the Netzarim Corridor, restricting movement for Gazans and positioning forces for potential operations in the southern part of the Strip. Israeli Defense Minister Israel Katz demanded the release of hostages, threatening further attacks and possible evacuation of certain areas, while Hamas accused the US of responsibility for the deaths and called for support...
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