AB Espresso: All new Dubai real estate megaproject revealed

Hello reader,

In today’s newsletter:

Discover the latest stories from Arabian Business, compiled by our editorial team. Here's what you missed on Thursday:

Ultra-luxury hospitality and residential brand Aman is expanding globally, with upcoming locations in Dubai, Saudi Arabia, Maldives, and Beverly Hills. Chairman and CEO Vlad Doronin highlighted Dubai as a key urban luxury destination in an exclusive interview with Arabian Business.

In addition, Corinthia Hotels and Dubai General Properties have announced a new skyscraper hotel and branded residence project in Dubai, featuring the world's highest outdoor pool. The development, set to open in 2030, aims to redefine the city’s skyline.

In other real estate news, soaring demand for beachfront short-term rentals and luxury properties in Ras Al Khaimah is driving a real estate boom. Major infrastructure investments and the anticipated Wynn Resort—UAE’s first casino—are attracting high-net-worth investors to the emirate.

Aside from this, trading platform eToro has integrated stocks from the Abu Dhabi Securities Exchange (ADX), enabling investors to trade over 30 ADX-listed companies across sectors such as energy, real estate, and finance. The move follows a strategic partnership signed last year.

Meanwhile, Saudi Arabia has introduced an official symbol for its currency, the riyal, following approval from Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud. The Saudi Central Bank said the move aims to reinforce the currency’s identity and global recognition.

Until next time, Sharon Benjamin for Arabian Business

THE LONGER READ:

Despite its relatively small population, Qatar’s per capita revenue in this sector highlights the country’s strong purchasing power and enduring appetite for premium timepieces and jewellery

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