AB Espresso: Global Muslim HNWIs eye Makkah, Madinah branded residences

Hello reader,

In today’s newsletter:

Discover the latest developments compiled by our expert editorial team at Arabian Business, providing you with a comprehensive overview of the region's major updates from Monday:

Qatar Airways is set to introduce new First Class cabins as it outlines a vision for future aviation. Designed to invigorate the global airline and its group of businesses, his roadmap for success includes innovation as the key pillar, which is reflected in Qatar Airways’ upcoming products and services, including the introduction of new First Class cabins on some of its fleet.

Meanwhile, in Dubai, shoppers are treated to a myriad of promotions, exclusive discounts, and diverse experiences by leading shopping malls and retail stores across the city under the ‘#RamadanInDubai’ campaign. Launched by the Dubai Media Council, the campaign brings the public and private sectors together for the first time for a unified celebration of the holy month.

On the real estate front, Nobu Residences' three-bedroom penthouse covering the entire top floor has been sold for AED137 million ($37,308,305.80 approximately). This is the largest price per square metre paid for a residential property in Abu Dhabi.

Aside from this, a staggering 92 percent of global Muslim high net-worth individuals (HNWIs) are targeting branded residence purchases in the holy cities of Makkah and Madinah, according to a new report from property consultancy Knight Frank.

There is also a declining interest among adolescents in pursuing medical careers signals a troubling shift that could exacerbate the already severe global shortage of more than 4 million healthcare professionals globally, Pediatrician Dr. Sarah Rizk said in an interview on the AB Majlis podcast. “We don’t see lots of adolescents saying ‘I want to be a doctor’ anymore,” she said.

THE LONGER READ:

In a major geopolitical development earlier this year, BRICS cemented its rise as a potential counterweight to Western-led groups like the G7 with the addition of Saudi, UAE, Iran, Ethiopia, and Egypt

Was this newsletter forwarded to you? Subscribe now.

For editorial queries, please contact:

Matthew Amlôt
Editorial Director, Arabian Business

matthew.amlot@itp.com

For advertising enquiries, please contact:

Andy Sulahian

Group Commercial Director

Direct: +971 4 444 3597

Andy.Sulahian@itp.com

© 2024 ITP Digital Media Inc. All rights reserved.

Terms Policy