Author: Arabian Media staff
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Image: Getty Images/ For illustrative purposes Dubai’s real estate market recorded Dhs51.1bn ($13.9bn) in property sales in August, a 7.9 per cent increase from a year earlier, with transactions rising 15.4 per cent year-on-year to 18,678, according to data released by real estate consultancy, fäm Properties. Apartment sales drove activity, reaching Dhs30.2bn as volumes rose 29.2 per cent to 15,900 units. Commercial sales hit Dhs1.2bn, up 20.4 per cent year-on-year with 442 transactions, while 392 plot sales worth Dhs8.9bn represented a 7.4 per cent rise in volume. Villa sales fell sharply, with volumes down 38.1 per cent to 1,944 units…
Image: Getty Images/ For illustrative purposes Mergers and acquisitions (M&A) in the Middle East rose 19 per cent in H1 2025 to 271 deals, bucking a 9 per cent global decline, according to PwC Middle East’s recently published TransAct mid-year update. The report, “Middle East M&A defies global slowdown powered by sovereign capital, reforms, and high-growth sectors”, said sovereign wealth funds, domestic investors and corporates are driving mid-market transactions that are easier to finance, faster to execute, and aligned with national priorities around localisation, digital sovereignty and economic diversification. “The Middle East has continued to show resilience and ambition in…
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Image: Getty Images Saudi Arabia’s gross domestic product (GDP) grew 3.9 per cent in the second quarter of 2025 driven by the non-oil sectors, according to government data estimates released on Monday. Non-oil activity grew by 4.6 per cent compared to the same quarter last year, according to the Saudi General Authority for Statistics. Sectors like electricity, gas and water showed the highest growth followed by finance, insurance and business activities. The economy grew across all sectors with oil up 3.8 per cent and government activities growing 0.6 per cent. Oil activities showed largest growth compared to the first quarter,…
Nathan Hones, chief operating officer and partner, Carter Hones Associates/Image: Supplied I have worked in the Middle East for over two decades, and rarely have I seen the region’s hospitality market in such a strong position. Hotels across the UAE are operating at near-record levels, with national revenues topping $12bn in 2024 and average occupancy rates climbing to 78 per cent. In Dubai, demand reached the point earlier this year where hotels held above 93 per cent occupancy for ten straight days — an almost unheard-of run in global terms. Saudi Arabia is pushing the scale even further. With more…
Image for illustrative purpose Hotel occupancy in Dubai reached more than 81 per cent in the first half of 2025, marking a 4.5 per cent year-on-year rise, according to new research from real estate advisory firm Cavendish Maxwell. The emirate also welcomed nearly 10 million international visitors during the period, up 6.1 per cent compared to the same time last year. Cavendish Maxwell’s H1 2025 hospitality sector performance report shows the average daily rate (ADR) across Dubai hotels and resorts climbed 5.5 per cent year-on-year to AED745. With the peak tourism season approaching, 19 new hotels with over 5,000 rooms…
Image credit: WHX Tech/Website WHX Tech, the inaugural global meeting point for digital health leaders, innovators, investors, and policymakers, opens its doors today (8 September 2025) at the Dubai World Trade Centre. Organised by Informa in partnership with HIMSS, the three-day event promises to showcase how AI, connected care, and emerging technologies are reshaping healthcare delivery and innovation. With more than 300 brands on the exhibition floor and over 200 expert speakers confirmed, WHX Tech will deliver insights across three dedicated stages — World X, Xcelerate, and Future X. Day one is set to offer a strong start with high-level…
Two major subsea cables were damaged near Jeddah in Saudi Arabia on Saturday disrupting internet connectivity across the Middle East, South Asia and parts of Africa. Global internet observatory NetBlocks confirmed failures affecting the SEA-ME-WE 4 (SMW4) and IMEWE cable systems, two critical links in the region’s digital infrastructure. The incident forced operators to reroute traffic through alternative paths, leading to widespread slowdowns. ⚠️ Confirmed: A series of subsea cable outages in the Red Sea has degraded internet connectivity in multiple countries including #Pakistan and #India; the incident is attributed to failures affecting the SMW4 and IMEWE cable systems near…
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