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Check out the latest updates from Arabian Business, where our editorial team has compiled the region's developments from Monday:

The luxury real estate market in Dubai is experiencing a surge, driven in part by British investors who are flocking to the UAE in record numbers, seeking properties for retirement and investment, industry insiders said. The branded residences segment is the biggest beneficiary of this surge, emerging as a key feature of luxury offerings in the city’s high-end residential market.

In addition, the ValuStrat Price Index for Dubai’s residential capital values reached 170.8 points in April 2024, marking a 26.1 percent annual increase and a 2 percent monthly rise. Villas topped the previous market peak by 25.6 percent, with the villa index hitting 216 points, while apartments stood at 141.4 points.

In other news, Heinz Arabia saw sales of ketchup in the UAE increase by 18 per cent after it launched the world’s first-ever ketchup insurance policy earlier this year. The first of its kind insurance policy, vouched as one of 2024’s “coolest marketing campaigns” by Google AI, received positive feedback from passionate Heinz fans and increased sales of the iconic condiment by 18 per cent in the UAE.

Meanwhile, Alef Education, an AI-powered education solutions provider based in Abu Dhabi, has announced plans to list 20 percent of its shares on the Abu Dhabi Securities Exchange. Founded in 2016, Alef Education develops integrated technology and digital education resources for schools, teachers and students across K-12. It serves all public schools in the UAE through its personalised learning platforms.

Aside from this, Iran‘s official news agency has confirmed the death of President Ebrahim Raisi and Foreign Minister Hossein Amir Abdollahian, after their helicopter crashed in mountainous terrain in the northwest region of the country.

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