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The United Arab Emirates, sometimes simply called the Emirates or the UAE, is a country located in the southeast end of the Arabian Peninsula.

18/11/2024

Air Expo Abu Dhabi 2024, scheduled for 19-21 November at the ADNEC Centre in Abu Dhabi, UAE, promises to be a landmark event in the aviation sector, uniting industry leaders, advanced technologies, and forward-thinking initiatives. This year’s expo emphasizes the UAE’s progressive role in advancing sustainable aviation, aligning with the nation’s eco-conscious vision. Showcasing the latest in aerospace innovation, Air Expo Abu Dhabi highlights the UAE’s commitment to environmental responsibility and strategic growth within the global aviation community. With a focus on fostering high-level partnerships and collaboration, the event will gather influential government representatives, experts, and stakeholders, creating a vibrant environment for networking, knowledge exchange, and impactful discussions. By hosting this prestigious event, Abu Dhabi further establishes itself as a global hub for sustainable and innovative advancements in aviation.

With a focus on fostering high-level partnerships and collaboration, the Air Expo Abu Dhabi 2024 will gather influential government representatives, experts, and stakeholders, creating a dynamic environment for networking and knowledge exchange. As a global platform, it will facilitate impactful discussions and showcase the UAE’s achievements while encouraging new alliances that propel the aviation industry forward. By hosting this prestigious event, Abu Dhabi reaffirms its position as a hub for aerospace advancement and innovation on the world stage.

https://www.travelandtourworld.com

18/11/2024

Rory McIlroy held off Denmark's Rasmus Hojgaard to win the season-ending DP World Tour Championship and clinch his sixth Race to Dubai title.

The Northern Irishman finished two strokes ahead of Hojgaard on 15 under at Jumeirah Golf Estates after a three-under-par 69 in his final round.

McIlroy, 35, was confirmed as the Race to Dubai winner midway through his round when nearest challenger Thriston Lawrence - who had needed to win the tournament to have any chance of clinching the overall title - finished at one under.

It is the third year in succession that McIlroy has topped the tour's season rankings and his sixth title overall - matching Seve Ballesteros' record.

"Everyone knows what Seve means to European golf and Ryder Cup players," an emotional McIlroy told Sky Sports.

"The European Ryder Cup locker room, all we have are quotes from Seve. We had a changing room with Seve's shirt from '95, the last Ryder Cup he played.

"He means so much to European golf and for me to be mentioned in the same breath, I'm very proud."

Sharing a three-way lead at the start of the final round, McIlroy put two shots between himself and Hojgaard with four birdies in his first five holes.

But bogeys on the ninth and 13th allowed the Dane to draw level with four holes remaining.

Just as Hojgaard was piling on the pressure, McIlroy produced a stunning approach shot on the 16th to tee up a birdie putt.

It was precisely the type of risky, aggressive play that has worked against McIlroy in the past but it moved him one stroke clear on this occasion with two holes left.

Hojgaard was forced to be aggressive in reply, but the Dane narrowly missed a birdie putt on the 18th - relieving the pressure on McIlroy who holed his own birdie attempt to seal the win.

https://www.bbc.co.uk/sport/golf/articles/cvg71xn32xjo

15/11/2024

Abu Dhabi has just been taken by storm, with the city’s biggest concert in eight years and it’s pretty darn cool.

On November 14, more than 30,000 fans (yes, that many) packed into Etihad Park on Yas Island, bringing the UAE to a standstill for a night of pure musical magic.

And it was all thanks to the superstar, Diljit Dosanjh. Part of his colossal Dil-Luminati Tour, this nearly three-hour spectacle lit up the stage and Yas Island in the process.
Dosanjh, known for his electric stage presence, took fans on a wild ride of hits and high energy, with a setlist that kept the crowd grooving non-stop. And they came from everywhere – over 80 percent of his fans travelled from outside Abu Dhabi just for this show, making it a record-breaking evening.

It wasn’t just the music that created waves, though. While in the capital, Dosanjh played tourist, hitting iconic spots like the Sheikh Zayed Grand Mosque. And, as you can well imagine, his Instagram reel from the visit was on fire, racking up nearly 40 million views. Nice.

https://www.timeoutabudhabi.com/news/abu-dhabi-concert-record

15/11/2024

Anyone who deemed Tesla’s Cybertruck an impressive but perhaps less-than-pretty automotive offering may change their minds at the sight of a one-off version that has gone on display in Dubai.

In keeping with its name, the city’s Gold Souk Extension has shipped in a 24k-gold-plated version of the electric monster for visitors at the venue to feast their eyes upon. Someone will get more than a chance to just peer through their sunglasses at the beyond-chintzy vehicle, though.

The Cybertruck in question is the prize in a raffle open to souk shoppers who spend enough on goods to qualify for inclusion. To be precise, every Dh500 spent at the venue will entitle the buyer to a ticket.

Gold-plated Cybertrucks are evidently a rarity. However, similar vehicles have been created in the past using a process called electroplating. This is technically challenging, but doing it to a Cybertruck is particularly problematic due to its stainless-steel chassis.

It is notoriously difficult to get anything to bond with this metal, so getting the gold coating to stick would involve etching the surface with acid. After further chemical treatments, and a thorough cleaning with concentrated soap, the gold would then be sprayed on to the bodyshell – twice – having first been mixed with a small percentage of cobalt to accentuate the adhesive process.

The Cybertruck first made its appearance on the world stage in 2023, with the UAE receiving its first deliveries just before the end of the year. The dual-motor electric vehicle has a bulletproof exoskeleton, shatterproof windscreen and a range of 400km after an eight-hour charge. It can also race to 100 kph in 6.7 seconds and has a top speed of about 180 kph.

This is a car for attention seekers, whether in stainless steel or gold-plated. Speaking of which, the model at the souk will be on display until December 29 when a competition winner will be picked.

https://www.thenationalnews.com/lifestyle/motoring/2024/11/15/tesla-cybertruck-gold-souk-dubai/

15/11/2024

Etihad Airways today announced its financial results for the nine months ended 30 September 2024, achieving AED 1.4 billion (£301 million) profit after tax, a significant increase from AED 814 million (£175 million) during the same period in 2023. The strong results reflect the airline’s ongoing strategy of driving growth across the business alongside optimising operational efficiencies and improving customer service.

Total revenue increased 21 per cent to AED 18.4 billion (£3.96 billion) in the first nine months of 2024, up from AED 15.1 billion (£3.25 billion) in the same period last year. This growth was driven by a strong summer season as a consequence of the successful ex*****on of our network expansion strategy, alongside significant growth in the cargo business, particularly in the third quarter of the year.

Passenger revenue increased by 21 per cent, reaching AED 15.2 billion (£3.27 billion), driven by strategic network expansion and increased flight frequencies that further enhanced connectivity. Etihad carried almost 14 million passengers over the first nine months of the year, a 35 per cent increase year-on-year, with Available Seat Kilometres (ASK) reaching 68.2 billion, up 31 per cent year-on-year. The average passenger load factor stood at 87 per cent for the nine months ended 30 September 2024, up from 86 per cent in the same period last year.

Cargo revenue rose to AED 3.0 billion (£646 million), up 21 per cent compared to the same period last year, driven by increased capacity, higher volumes and improved yields.

Operational efficiencies continued to improve, with unit costs decreasing year-on-year despite increased operating costs associated with growth and investments to enhance products and customer experience. Cost per Available Seat Kilometre (CASK) ex-fuel reduced by 8 per cent compared to the same period last year, highlighting Etihad’s ongoing commitment to efficiency and quality.

The overall passenger experience continued to improve, with customer satisfaction showing a sustained positive trend. Highlights included the introduction of Etihad’s fifth A380 and enhanced services supported by the new Terminal A at Zayed International Airport, along with expanded flight options in more convenient time slots, underscoring Etihad’s commitment to delivering a seamless and elevated travel experience for all guests.

Following the announcement of the airline’s Joint Business Agreement with China Eastern in the second quarter, Etihad Cargo extended its partnership with SF Airlines to boost UAE-China trade by enhancing capacity, transit times, and destination access.

Antonoaldo Neves, Chief Executive Officer of Etihad Aviation Group, said: “We are happy to report a strong performance for the first nine months of the 2024 financial year, with a 21 per cent increase in revenue and a 66 per cent increase in profit after tax compared to the same period in 2023. This impressive growth is driven by strong results in both passenger and cargo revenues, underscoring the effectiveness of our strategy and the strength of our growth trajectory, where we are also seeing ongoing improvements in customer satisfaction.

“Our operating fleet continues to expand, with all six A321NEOs scheduled for delivery in 2024 now in service. Despite the continued global aircraft shortage, our fleet has grown to 95 aircraft, an increase of 16 aircraft compared to the same time last year.

“Our rolling 12-month passenger count has reached nearly 18 million, marking an increase of nearly 80 per cent compared to 2022 and underscoring the pace of our growth over the past two years. We’ve also extended our network to 83 destinations as of September, up from 72 a year ago, with further growth expected by year-end.

“We are also proud to report that, alongside our growth, we continue to invest in and develop our people. This year, we successfully relaunched our cadet program and promoted more than 1,000 pilots and crew members, empowering them with the skills and experience needed to continue delivering excellence in service to our customers.

“We extend our heartfelt thanks to our customers for their continued trust and support. We are committed to enhancing their travel experience to be the airline that everyone wants to fly.

“I also want to express my sincere gratitude to our team. Their hard work and dedication at every point of our customer journey and coming together for a purpose has been crucial in achieving these results. Together, we’ve made a significant impact, and I thank them for their commitment.”

Key 9M 2024 highlights at a glance:

Total revenue increased by 21 per cent year-on-year to AED 18.4 billion, driven by strong performances in both passenger and cargo business

Passenger revenue saw an increase of AED 2.6 billion (21 per cent increase year-on-year), fuelled by a robust summer season, strategic network expansion, and increased frequencies in key markets

Cargo revenue rose by 21 per cent year-on-year due to expanded capacity, higher volumes (up 14 per cent), and improved yields during the third quarter of 2024

Despite increased operating costs from growth and ongoing investments to enhance products and customer experience, unit costs are declining; CASK ex-fuel decreased 8 per cent, underscoring Etihad’s commitment to operational efficiency while continuously elevating its offerings

Profit after tax increased by 66 per cent year-on-year, driven by strong revenue growth and ongoing operational efficiencies

ASK and passenger numbers grew by 31 per cent and 35 per cent year-on-year respectively, reflecting strong market momentum

All six A321NEOs scheduled for delivery in 2024 entered service, increasing the overall fleet size by 16 aircraft compared to September 2023, introducing a new fleet type to enhance the customer offering.

Increased total number of destinations to 83 as of September 2024, from 72 in September 2023

Etihad Airways was voted as Middle East’s Leading Airline - Customer Experience 2024, Middle East’s Leading Airline - Economy Class 2024, Middle East’s Leading Airline Inflight Entertainment 2024, Middle East’s Leading Airline Lounge - First Class 2024 and Middle East’s Leading Cabin Crew 2024 by World Travel Awards

14/11/2024

Punjab Grill is one of the most popular Indian restaurants in Abu Dhabi. Now, it has moved from the Venitian Village to a new location inside The Ritz-Carlton Abu Dhabi, Grand Canal. So, if you are after a debonair dining destination, here’s what you need to know.
In 2004, Punjab Grill opened its original restaurant in Dehli. In 2010, it expanded to Mumbai, and in 2015, it expanded to Abu Dhabi. Plus, it won a FACT Dining Award in Abu Dhabi and was featured in the Abu Dhabi MICHELIN Guide.
The concept showcases North Indian cuisine, and is popular with critics as well as customers. Starters range from Goan Crispy Prawns to Naga Glazed Chilli Chicken. Mains include biryanis, grilled dishes and kebab options.
Punjab Grill Abu Dhabi is a glamorous spot. The venue spans three sections: Aaranya, the main dining area; Lotus Bar, with a lounge for cocktails as well as wines; and Peacock House, an intimate space that celebrates India’s national bird.
Interior designer Soni Aggarwal has worked on the space, which draws on the history of the restaurant. The design includes regal themes, which reflect royalty, and lions are at the centre of the theme – look out for paw prints on the table. The walls are adorned with green foliage and ivy, and it feels like you are surrounded by nature.
Executive Chef Sandeep explained: “At Punjab Grill Abu Dhabi, we’ve designed a menu that pays homage to India’s rich culinary heritage while exploring contemporary techniques. Every dish celebrates the authentic flavours of India, crafted with a dedication to quality and innovation.
“My team and I are thrilled to present a dining experience that’s as visually captivating as it is delicious, where guests can enjoy everything from time-honoured classics to imaginative creations that showcase the finest ingredients. We look forward to welcoming our guests to indulge in a truly luxurious and immersive journey through Indian cuisine.”
https://www.factmagazines.com/.../punjab-grill-opens-a...

14/11/2024

Al fresco food festival Taste of Abu Dhabi returns to the capital from Friday, with a host of restaurants setting up kiosks at Yas Park 1. The three-day event will also feature cooking demonstrations, and meet-and-greets with chefs including pitmaster Hattem Mattar, chef Marco Pierre White and children's cookbook author Annabel Karmel, plus plenty of goodies to try and buy.

This year, the festival is also partnering up with Ne’ma, the National Food Loss and Waste Initiative, as its food waste reduction partner. The collaboration aims to educate festival-goers, as well as participating chefs, on on global food waste solutions in a bid to encourage individual and social responsibility, and promote sustainable practices.

The USP of the festival – as with its Dubai counterpart – however, is the chance it affords to sample signature dishes by restaurants at a fraction of their usual price. This year, most venues have also created an exclusive to Taste Abu Dhabi dish, as well as offering one child-friendly option apiece.

https://www.thenationalnews.com/lifestyle/food/2024/11/15/taste-of-abu-dhabi-yas-park-discounted-dishes/

14/11/2024

Diwali celebrations helped Dubai’s hotel industry post its highest October occupancy level since 2012, according to preliminary data from CoStar, which is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

October 2024 (year-over-year % change)

• Occupancy: 82.2% (+1.4%)

• Average daily rate (ADR): AED819.76 (+2.5%)

• Revenue per available room (RevPAR): AED673.98 (+3.9%)

Starting October 25 through the end of the month, Dubai’s Festival of Lights celebration lifted the market’s hotel performance across the three key metrics.

Dubai’s highest occupancy (92.9%) and RevPAR (AED957.77) for the month were recorded on October 29.

The market’s highest ADR level (AED1,048.04) was registered on the night of Diwali, October 31.

The same night pushed Dubai’s occupancy to 90.8% and RevPAR to AED951.51.

Overall, the market’s daily occupancy levels remained above 70% on all but one night: October 6 (69.8%).

https://www.zawya.com/en/business/travel-and-tourism/dubai-hotel-occupancy-jumps-during-diwali-dn3vzapq

14/11/2024

A Real Madrid theme park officially opened in the United Arab Emirates on Wednesday, with the LaLiga giants calling the destination "the world's first football club theme park."
Real Madrid World's six-hectare (14.8 acre) site in Dubai features over 40 rides based on the club and its history, which the club said includes the world's tallest "flying chairs" ride and the Middle East's first wooden roller coaster.
The park's inauguration was attended by Madrid and Brazil legend Roberto Carlos and the club's director of institutional relations Emilio Butragueño, who also attended a coaching session for over 100 children from Madrid's charitable partner, the Real Madrid Foundation.
"Vsitors to this theme park will immediately feel the excitement and enthusiasm that our badge and our shirt convey," Butragueño said. "Here we bring to life a very important and beloved part of our history."
As well as the park's rides, Madrid fans can also gather to watch Real Madrid's games live at the venue.
Although the site, which is part of the Dubai Parks and Resorts complex, where a number of theme and water parks are located, officially opened with its inauguration on Wednesday, it first opened its doors to the public in a soft launch in April this year.
Attractions include the "Hala Madrid Coaster" and "Stars Flyer" described as "the world's tallest spinning ride" at 140 meters (460 feet) high.
There's a life-size replica of Cibeles, the fountain in Madrid where the team celebrates trophy wins, while visitors can also sample Spanish cuisine at the "Hala Madrid" restaurant.
https://www.espn.co.uk/.../real-madrid-world-opens-theme.

14/11/2024

Dubai World Trade Centre (DWTC), has reported the first phase of its Dubai Exhibition Centre (DEC) expansion at Expo City Dubai, is underway with enabling works contracts now completed.

The AED10bn (US2.72bn) expansion masterplan, approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum, vice-president and prime minister of the UAE, and Ruler of Dubai, in September this year, is set to transform Dubai Exhibition Centre (DEC) into the region’s largest indoor events venue upon completion. The expanded DEC will serve as the new home for mega exhibitions, allowing Dubai to double the number of large-scale events hosted annually from to over 600 by 2033.

The DEC masterplan supports the establishment of Dubai's new urban centre, encompassing Expo City Dubai – the UAE’s first 15-minute city – the overall Dubai South community, and Al Maktoum International Airport (DWC), in line with the goals of the Dubai 2040 Urban Master Plan.

Phase 1 of the construction project begins with foundation work involving 515 piles to support the structure, 14,000 tonnes of structural steel – equivalent to the weight of two Eiffel Towers and 48,000 cubic metres of reinforced concrete. The expanded exhibition centre will be covered with 78,000sqm of roof sheeting, an area comparable to 62 Olympic-size swimming pools. The development will also include a dedicated car parking facility and expanded marshalling yards to enhance event turn-around times. A team of international consultants, including Mace and Egis, have been appointed to manage the first phase of the DEC expansion.

https://www.exhibitionworld.co.uk/phase-1-of-aed10bn-dubai-exhibition-centre-expansion-project-underway

13/11/2024

Dubai has approved the construction of its first aerial taxi vertiport, a groundbreaking step toward becoming the first city to introduce urban aerial transport. Located near Dubai International Airport, the vertiport will offer a unique, efficient, and comfortable travel experience for passengers soaring through the skies.
The project was authorised by Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, marking a significant milestone for the city. Spanning 3,100 square meters, the vertiport will include take-off and landing zones, aircraft charging stations, a taxi apron, and parking areas. It is designed to handle 42,000 landings and accommodate up to 170,000 passengers annually.
https://www.financialexpress.com/.../airlines-aviation.../

13/11/2024

Yas Links, host venue for last week’s Abu Dhabi HSBC Championship, has once again impressed the world’s best golfers, who have unanimously praised the flawless course conditions at the UAE venue.

As part of the season-ending DP World Tour Play-Offs, the Abu Dhabi HSBC Championship welcomed the top 70 available players from the Race to Dubai Rankings in Partnership with Rolex at the conclusion of the ‘Back 9.’ The top 50 players will now advance to the season-ending DP World Tour Championship in Dubai, which begins on Thursday.

Four-time Major champion and Race to Dubai leader Rory McIlroy, who finished tied third in the event, was full of praise for the course’s condition and strategic layout, commenting: “The condition of the golf course is absolutely incredible. It doesn’t feel like there’s a blade of grass out of place. The fairways are so tight, even for me. I’m worried about duffing a wedge shot. But fairways are incredible, tees, greens. The condition of the golf course is amazing.”

Former Open champion Shane Lowry echoed those sentiments, saying, “It’s a great venue. The weather is obviously pretty hot here this week, different in January, but the course is in as good a condition as I’ve seen a golf course.”

Thorbjorn Olesen, who finished tied third, highlighted the quality of the greens, noting: “The putter was definitely on fire the whole day, and you know, with the conditions of the greens, if you putted really well, you can make a lot of putts.”

Robert MacIntyre emphasised the perfection of the setup, adding: “The conditions of the course are perfect, and it’s literally trying to give yourself 18 chances at birdie, and if you do that, you’ll get a couple really close. I don’t think it could be better condition-wise.”

Yas Links has recently retained its #1 position in the Golf World Top 100 MENA Ranking. This prestigious achievement underscores the dedication of the teams involved and reflects Viya Golf’s continuous investment in maintaining and elevating its world-class facilities.

Viya Golf – a subsiduary of Dubai Golf – operates Yas Links, Yas Acres Golf & Country Club, and Saadiyat Beach Golf Club in Abu Dhabi. Dubai Golf also operates Emirates Golf Club, Jumeirah Golf Estates, and Dubai Creek Golf and Yacht Club in Dubai, in addition to Topgolf Dubai.

https://golfbusinessnews.com/news/sponsorship-and-events/yas-links-impresses-top-players-at-abu-dhabi-hsbc-championship/

13/11/2024

Abu Dhabi is set to open a series of new attractions in 2025 as it works towards ambitious tourism goals.

Outlined in Abu Dhabi’s Tourism Strategy 2030, the city is aiming to increase annual global visitor numbers to 39.3m, up from 24m in 2023.

Speaking at World Travel Market (WTM), Abdulla Yusuf, director of international operations at the Department of Culture and Tourism for Abu Dhabi, told Travel Weekly: “One of the key pillars of the strategy is about city offering and activation. We want to create a very busy events calendar so no matter what time of the year travellers come to Abu Dhabi, there’s something they can experience.”

He added: “We don’t want to only concentrate tourism in one specific area but create vibrancy across the destination.”

As part of its expanded offering, Abu Dhabi’s Saadiyat Cultural District is expected to be completed by the end of 2025.

New additions will include the Guggenheim Abu Dhabi, which will host permanent art collections, exclusive exhibitions and a children’s education facility; the Zayed National Museum, showcasing the history and culture of the Emirates; and the National History Museum Abu Dhabi, where visitors can learn about the region’s geological history.

TeamLab Phenomena Abu Dhabi is “opening soon” in the Saadiyat Cultural District featuring immersive art installations centred on the theme of Environmental Phenomena.

This October, Abu Dhabi also announced that it will bring the world’s second Sphere to the city, after the first opened in Las Vegas in September 2023, to host events, shows and concerts.

Warner Brothers World Abu Dhabi is also set to expand to include a Harry Potter attraction, although the opening date has not yet been confirmed.

“We want to bring ideas from different parts of the world as well as showcase our own culture and heritage,” Yusuf said.

Abu Dhabi’s Tourism Strategy 2030 also includes goals to increase hotel room supply from 34,000 to 52,000 and to extend the average international overnight hotel stay from 3.2 to 3.9 nights.

“We aim to grow both our luxury and affordable luxury offering,” Yusuf added.

The pipeline of new properties includes Liwa Hotel by Autograph Collection, opening in 2025 in the Liwa Desert, and Nobu Hotel Abu Dhabi, set to open in 2027 on Saadiyat Island.

Mandarin Oriental Residences Saadiyat Island is also in development, featuring 228 branded residences.

https://travelweekly.co.uk/news/tourism/abu-dhabi-to-increase-cultural-offering-as-it-targets-ambitious-tourism-growth

12/11/2024

Get ready to rally because the World Tennis League (WTL) is back for its third season and it’s bringing with it a star-studded lineup.
Mark your calendars for December 19 to 22 because Etihad Arena is going to be popping off with ballers.
Boasting a glittering lineup that includes Olympic gold medalists, Grand Slam champions, and top-ranked players, the WTL 2024 is promising to serve up the “Greatest Show on Court”. With the Abu Dhabi Sports Council (ADSC), the Department of Culture and Tourism (DCT) and Miral backing the event, this year is set to be bigger and bolder than ever.
https://www.timeoutabudhabi.com/.../world-tennis-league...

12/11/2024

Zublin Construction, a unit of Austria’s Strabag, has been selected to build a €250m luxury residential development on Yas Island in Abu Dhabi.
“Sea la Vie” by developer Nine Yards Real Estate Development will have four towers, each with 16 to 18 floors, and 30 townhouses built on a common two-storey podium.

The contract also includes a three-storey car park with 1,018 parking spaces.
Construction has already begun and is scheduled for completion in the second quarter of 2027.

The triangular-shaped towers will sit on the 30,000-sq-m seafront site.

Inside will be 638 apartments. Combined with the townhouses, the complex will have a total gross floor area of 111,300 sq m.

There will also be 500 sq m of retail space and a lagoon for beach activities.
https://www.globalconstructionreview.com/strabag-unit-to-build-e250m-residential-complex-in-abu-dhabi/

12/11/2024

Dubai’s high end real estate sector has reached a new peak with the rental of an ultra-luxury villa at AED8.5 million over two years.

The record-breaking deal for a 24,000sq ft villa in the exclusive Umm Al Sheif area again underlines the city’s appeal to wealthy investors, and shows a growing demand for premium, ready-to-move-in homes.

It was managed between fäm Living and fäm Lux, divisions of fäm Properties catering to ultra-high-net-worth clients and managing fully furnished luxury rentals.

“With Dubai attracting an elite audience of millionaires and billionaires, demand for premium, fully furnished, move-in-ready properties is intensifying,” said Firas Al Msaddi, CEO of fäm Properties.

While the UAE is forecast to attract an additional 6,700 millionaires by the end of 2024, the Dubai market has a limited supply of ultra-luxury villas.

DXB Interact reports that of the 61,558 villas set for completion over the next three years, only 379 are priced at AED60 million or higher, 833 fall within the AED30-60 million range, and 2,854 are priced between AED15-30 million.

“This limited inventory, combined with Dubai’s reputation as a top destination for high-net-worth individuals, points to strong growth potential in the ultra-luxury segment,” said Al Msaddi.

“The demand for high-end properties is also evident in the resale market, especially for apartments priced above AED10 million. Between 2023 and 2024, resale transactions in this segment surged by more than 25%, from AED9.8 billion to AED12.4 billion.

“Notably, this increase includes only resale transactions, and excludes off-plan sales, indicating a strong and consistent demand for luxury properties in Dubai.”

In recent years, the market for properties above AED10 million, encompassing both first-sales from developers, and resale transactions, has experienced major growth.

DXB Interact data reveals that ultra-luxury apartments and villas generated a record AED86.1 billion in sales in 2023, a dramatic leap of 1,245% from AED6.4 billion AED in 2016.

https://www.zawya.com/en/press-release/companies-news/luxury-dubai-villa-rents-for-record-aed85mln-over-two-years-pi7rb2k4

12/11/2024

Bella Hadid spent 48 hours in Dubai and managed to wear three different bikinis during her trip. The model shared a carousel on Instagram, including shots of her in a solid black swimsuit, a black checkered two-piece, and a blue gingham one. “48 hours.
Hadid had been in the city for the launch of her Chopard campaign. She posted photos of herself at the brand’s event, writing, “Celebrating and our Ice Cube campaign in beautiful Dubai. congratulations on opening an incredible addition to the Dubai Mall. thank you for your hospitality and being such an incredible, supportive and loving team to work for. I feel blessed beyond words.

https://www.elle.com/culture/celebrities/a62871107/bella-hadid-bikinis-dubai-vacation-photos/

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#Repost @visitabudhabi ・・・ UFC champion @raquel_pennington enjoying the captivating marine life treasures during her @seaworldyasisland visit #InAbuDhabi 🐠

#Repost @dubaiframe ・・・ شاركونا إبداعاتكم المميزة في تصوير برواز دبي ✨ #برواز_دبي Showcase your skills by sharing some of your pictures and videos of Dubai Frame ✨ #DubaiFrame

#Repost @visit.dubai ・・・ From golf to waterparks, there’s always something to excite you during the summer in Dubai! 📸 @waslgroup #VisitDubai #wasl #waslDestinations

#Repost @visit.dubai ・・・ Falling behind on your bucket list experiences for 2024? Dubai is the place to be to check them all off! Here are some ideas 🤩 📸 @chrisglaze #VisitDubai

#Repost @cloud22dubai ・・・ Unveil the night at Cloud 22 with Moonlight Sessions. Experience the pinnacle of poolside ultra-luxury under the stars. Thursday - Saturday, 7pm - 11pm

#Repost @visit.dubai ・・・ Always buzzing ✨ @downtowndubai 📸 @ahmetseriin #VisitDubai

#Repost @balloonadventures_dubai ・・・ Embrace the surreal beauty of a Dubai sunrise from a completely new perspective. Let your dreams take flight as you glide among the clouds. Summer calls for a short intermission, but we can’t wait to have you on board in October!