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  • How a Dubai Casino Would Affect Real Estate Investment, and More Luxury News

    More of the world’s most expensive jewels, artwork and collectibles are showing up in Dubai so that its growing number of wealthy residents can eyeball the products in person. “They want to see these stones without having to travel,” says Katia Nounou Boueiz, Sotheby’s head of UAE. “All these pieces go on to Hong Kong, New York—and then Dubai is now one of the stops.”

  • Al Maktoum Airport Dubai expansion will make it world’s largest airport

    According to a recent tweet from Dubai South, the airport’s expansion is part of a comprehensive plan to establish Dubai South as a hub for integrated transportation, seamlessly connecting air, land, and sea. This ambitious project will not only feature a business-friendly free zone but also provide a diverse range of residential options.

  • Dubai Police arrest group of Israelis for murder of an Israeli

    Dubai Police have arrested “several” Israeli nationals over the murder of another Israeli national, the emirate’s media office said. Dubai Media Office, late on Wednesday, tweeted: “Dubai Police said it has arrested a number of Israeli nationals after they assaulted and caused the death of another Israeli national.” “The accused will be referred to the Dubai Public Prosecution for further legal proceedings,” it added.

  • Surging Investments: Indian buyers propel Dubai’s real estate sector

    Dubai’s construction industry is witnessing a significant increase in investments from India, driven by imminent tax adjustments set to be implemented on July 1. According to insiders in the sector, Indian investors contributed to 20% of all property transactions in Dubai during the first quarter of 2023, injecting close to $2 billion into the market.

  • Saudi Arabia on an unstoppable tourism rise, surpassing Dubai

    According to the World Tourism Organization (WTO) index, Saudi Arabia secured the 13th position globally among the leading countries in terms of international tourist arrivals in 2022. This marked a significant improvement from its previous ranking of 25th in 2019. WTO reported that the Kingdom welcomed a total of 16.6 million international tourists in 2022 for various travel purposes. Dubai had 14.36 million international tourists last year.

  • Saudi Arabia on an unstoppable tourism rise, surpassing Dubai

    In terms of visitor numbers, Saudi Arabia’s tourism industry remains bigger than Dubai’s. In the first quarter of this year, the Kingdom had 7.8 million tourists, while Dubai had 4.7 million. Saudi Arabia has historically inched ahead of Dubai when it comes to arrival figures, while the glamorous emirate dominates when it comes to spending. In 2019, KSA had 17.5 million visitors compared to Dubai’s 16.8 million, with Saudi benefitting from a steady religious tourism market which brought in 9.3 million people in that year.

  • Saudi bourse gains, Dubai extends losses ahead of U.S. debt-limit talks

    Saudi Arabia's benchmark index rose on Tuesday, while the Dubai bourse fell and was on course to extend losses for a fourth session as traders assessed lower oil prices and concerns over the U.S. government's debt-ceiling negotiations. Oil futures traded sideways after mostly weaker-than-expected data from China muddied the outlook for demand from the world's top crude importer while U.S. plans to refill its Strategic Petroleum Reserve (SPR) underpinned prices.

  • Dubai could become home to the world’s largest ocean restoration project

    Dubai Reefs bills itself as the world’s largest ocean restoration project; if built it would consist of 77 square miles of artificial reef that will create a home for more than one billion corals and 100 million mangrove trees.

  • Dubai Reefs: Inside the world’s largest artificial reef megaproject

    Dubai will soon be home to the world’s largest ocean community megaprojects – the Dubai Reefs. The project will help strengthen Dubai’s position as a leader in sustainable marine initiatives as well, according to a statement by Dubai Reefs developer URB. The upcoming floating community will feature facilities for marine research, regeneration, ecotourism, hospitality, retail, and education.

  • Abu Dhabi tops Dubai as ‘smartest city’ in MENA region

    For the third consecutive year, Abu Dhabi ranked as the smartest city in the Middle East and North Africa (MENA) region for 2023, according to the IMD Smart City Index released by the International Institute for Management Development (IMD) in Switzerland in collaboration with the Singapore University of Technology and Design (SUTD).