In 2024, Dubai’s real estate market continues to break records as property prices surge due to robust demand, new inventory, and the city’s appeal to high-net-worth individuals attracted by economic prospects and tax policies. Transaction prices for apartments and villas in sought-after areas have risen significantly, with notable spikes in affordable options like Dubai Silicon Oasis and luxury areas like Dubai Marina. Return on investment trends show high yields in areas like Dubai Investments Park and Jumeirah Village Circle, while rental prices across all segments have seen substantial increases, especially in centrally-located properties and suburban communities.
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Yemen’s Houthis declare “fourth phase” of naval blockade – Middle East Monitor
The Houthis in Yemen threatened to target any ships linked to companies that cooperate with Israeli ports, declaring this as part of their "fourth phase of the naval blockade" against Israel due to the ongoing Gaza conflict. This escalation follows over 100 attacks on commercial vessels since November 2023, significantly disrupting trade through the Red Sea and maintaining their campaign to support Gaza. Want More Context? 🔎
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