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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Military bases or vital waterway: Iran weighs response to US strikes
Iran is planning to retaliate against US air strikes on its nuclear sites, primarily by targeting US forces in the region or potentially closing the Strait of Hormuz, a crucial oil transit route. While some analysts suggest that Iran might disrupt shipping in the strait, it is seen as a risky move that could harm its own economy and escalate tensions with Gulf countries aligned with the US. Explain It To Me Like I'm 5:...
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