Hello reader,

In today’s newsletter:

Stay ahead of the curve with Arabian Business, your trusted source for the latest updates. Here's what you missed on Wednesday:

Dubai has announced a pilot scheme to limit office hours and suspend work on Fridays for selected government departments. The Dubai Government Human Resources Department (DGHR) announced the pilot launch of the “Our Flexible Summer” initiative, which aims to reduce the working hours of participating government entities during the summer.

On the real estate front, The Dubai luxury real estate market continues to attract global investors, with Palm Jumeirah and Dubai Hills Estate emerging as two of the most sought-after locations. Here is a comparison of the type of properties you can buy in Palm Jumeirah and Dubai Hills Estate for $1 million.

Meanwhile, the Dubai real estate sector set a new peak in property sales, reaching $13.5 billion (AED 49.6 billion) in July 2024, posting a jump of 31.63 percent over the same year-ago period, an industry report said. Last month also saw 15,994 transactions, a 43.2 percent rise compared to July 2023, the report by Springfield Properties, a premier real estate brokerage said. The report also showed substantial growth in the off-plan property market during the first half of 2024.

Moreover, UAE casino operator Wynn Resorts has acquired more land in Ras Al Khaimah as it continues to develop unique resort in the country. In a call to investors the company revealed it has invested in a further 70 acres of land in Ras Al Khaimah’s Al Marjan Island as it looks to future expansion plans of the integrated resort. Craig Billings, CEO of Wynn Resorts, said the under-construction building currently stands at 90m and is already the tallest building in Ras Al Khaimah.

In other major developments, Dubai International Airport (DXB) welcomed an unprecedented 44.9 million passengers during the first half of 2024. This record-breaking figure, representing an 8 percent year-on-year increase, not only cements DXB’s status as a globally preferred gateway but also significantly contributes to Dubai’s burgeoning economy.

THE LONGER READ:

The resort will offer a combo package of the best of modern medicine, traditional Indian healthcare and luxury hospitality to align the mind, body and soul

Was this newsletter forwarded to you? Subscribe now.