Khaleej Times

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Dubai’s red-hot real estate market has recorded its first monthly price decline in over two years, signalling a long-anticipated shift toward equilibrium. According to Property Monitor, a leading real estate intelligence firm, average prices fell by 0.57% in January 2025 to Dh1,484 per square foot — the first drop since summer 2022. Read more: https://lnkd.in/dp2_72qJ #dubairealestate #realestatemarket #khaleejtimes

Dubai’s short-term rental market is poised for an 18% surge in 2025, fuelled by booming tourism, investor confidence, and regulatory tailwinds, according to industry forecasts. Amid this growth, local proptech pioneer Monty Holiday Home has unveiled a subscription-based property management model that promises to revolutionise how homeowners maximise profits in the lucrative sector. Read more: https://lnkd.in/dRcrX48D #rentalmarket #dubaiproperties #dubai #khaleejtimes

Bitcoin, the world’s largest cryptocurrency by market capitalisation, has fallen below the $85,000 mark to trade at $83,740 on Thursday as the cryptomarket faces a sell-off pressure. The steep decline is more than 20% from its January peak of $109,350. This is the largest selloff in 2025. Read more: https://lnkd.in/ghEsKPjp #bitcoin #cryptocurrency #marketcapitalisation #cryptomarket #khaleejtimes

Dubai’s residential market has experienced a remarkable surge, with registered transactions soaring by 55% to 33,110 in the last quarter of 2024, compared to 21,405 transactions during the same period in 2023. This impressive growth has been driven by six leading developers, with Sobha Realty at the forefront. The company led the market with 1,960 registered residential transactions, primarily fuelled by its flagship project, Sobha Orbis. Read more: https://lnkd.in/gnvdM8rw #residentialmarket #dubairealestate #dubaiproperties #dubai #khaleejtimes

Gold prices slipped at the opening of the markets in Dubai on Thursday as precious metal fell below $2,900 per ounce. At 9am UAE time, the 24K variant of the yellow fell to Dh349.25 per gram, down from Dh350 per gram at the close of the markets on Wednesday. Among the other variants, 22K, 21K and 18K dropped to Dh324.75, Dh311.5 and Dh267.0 per gram, respectively. Read more: https://lnkd.in/gCZuuWp8 #goldprices #markets #uae #khaleejtimes

UAE's Ministry of Education has launched the “Ramadan with the Family” initiative for public school students. Through the initiative, Friday of each week during the month of Ramadan will be designated as a day for distance learning, with the exception of students whose exam schedules have been approved for Fridays during the holy month. The Ministry has circulated a guide that includes a number of student activities in partnership with parents, with the aim of promoting a supportive Ramadan and family atmosphere. Read more: https://lnkd.in/eXr983nw #BreakingNews #Khaleejtimes #UAE #KHDA #MOEUAE

Abu Dhabi's investment holding firm Multiply Group has agreed to buy a 67.9% stake in Spanish fashion retail company Tendam, which owns Cortefiel and Pedro del Hierro brands, among others, from international funds CVC And PAI Partners, Multiply and Tendam said. Without disclosing the value of the deal, they said in a statement on Tuesday the funds would remain minority shareholders in Tendam. Spain's third-largest fashion retailer, whose other popular brands include Springfield and Women's Secret, had planned to launch an initial public offering by early 2025, but its chief executive said in October that it had been postponed due to the impact of the global political turmoil on stock markets. Tendam's sales for the full year to January were 1.4 billion euros, the same as the prior year, according to the statement. Read more: https://lnkd.in/e8QvBZpG #Khaleejtimes #AbuDhabi #Tendam #RetailMarket

US President Donald Trump unveiled plans Tuesday to sell new "gold card" residency permits for a price of $5 million each – and said Russian oligarchs may be eligible. Trump said sales of the new visa, a high-price version of the traditional green card, would bring in job creators and could be used to reduce the US national deficit. "We're going to be selling a gold card. You have a green card, this is a gold card. We're going to be putting a price on that card of about $5 million," Trump told reporters in the Oval Office. The Republican president, who has made the deportation of millions of undocumented migrants a priority of his second term, said the new card would be a route to highly prized US citizenship. Read more: https://lnkd.in/e3za6Hph #Khaleejtimes #US #GoldCard #Trump

Dubai-based Mona Kattan just broke away from Huda Beauty. In an exclusive interview with Khaleej Times Mona Kattan shares everything—from launching Kayali to Dubai Bling, and stepping into her own spotlight. Watch our full interview https://lnkd.in/dddfpB-Z #MonaKattan #BreakingBread