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.
Full Article
Israeli Strikes on Gaza Kills Over 400, in Breakdown of Cease-Fire
Israeli forces launched deadly aerial attacks across the Gaza Strip, ending a temporary cease-fire with Hamas and resulting in over 400 deaths, including children. The attacks followed failed negotiations to extend the truce and were prompted by Hamas's refusal to release Israeli hostages. The situation remains tense as Hamas weighs its response and Israel vows to continue military action until all war objectives are achieved. Full Article
Read more