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In today’s newsletter:

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

Coldplay have announced they will play two more shows in Abu Dhabi in January 2025, following huge demand for tickets. The British band will play a second night at the Sheik Zayed Sports City Stadium on January 12, confirmed Live Nation Middle East. A third performance has also been announced for January 14.

On the real estate front, the buoyant Dubai real estate sector has seen residential property prices increase 17 per cent in the past four quarters and an increase of 40 per cent since 2020, according to global wealth manager UBS. Amid the impressive price gains, any investment can see values decline as well as increase, and UBS has investigated the possibility of a housing bubble risk in Dubai and other leading cities in the world. The risks of housing bubbles in the cities analysed in the UBS Global Real Estate Bubble Index have, on average, decreased for the second consecutive year.

Meanwhile, a Ras Al Khaimah real estate development with UAE casino views has launched the latest phase of sales with homes available from AED2.5m ($681,000). The Unexpected Al Marjan Island Hotel and Residences in Ras Al Khaimah is created by luxury Dubai-based developer, Almal Real Estate Development. Almal Real Estate Development has recently announced its third sales phase, featuring 70/30 payment plans and units starting from AED2.5m ($681,000).

In other news, the UAE is set to announce the new petrol prices for October next week. Petrol prices across the country fell in September, as motorists were handed a reprieve as Super 98, Special 95, E-Plus 91 and diesel were all made cheaper at the pumps. Since January, petrol prices have increased for Super 98, Special 95 and E-Plus 91, while the cost of diesel has fallen fractionally.

Aside from this, a stunt artist in Abu Dhabi has broken records with a remarkable skydive jump from a plane to land and surf a wave more than 3.5km below. Experience Abu Dhabi and Red Bull athlete Sebastian Álvarez made surfing history with a world-first skydive-to-surf jump onto the highest man-made wave at Surf Abu Dhabi, breaking a global record and showcasing a unique new venue in the region. The stunt features the Chilean extreme sports athlete Álvarez skydiving from a helicopter at 3,657m, strapped to a modified surfboard.

THE LONGER READ:

With the start of the new interest rate cut cycle leading to fall in mortgage rates, market experts predict a surge in real estate investments in the region

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