Dubai is set to deliver over 100,000 new apartments and villas in the next 15 months. The new supply is expected to help stabilise the property market despite rising demand.
Dubai is planning to go completely cashless. Stores will accept cards, apps and even palm scans, although cash will remain in circulation.
Jeddah Tower to Challenge Burj Khalifa: Construction has resumed on Jeddah Tower in Saudi Arabia, which could surpass the Burj Khalifa in height. With 63 of its 157 floors already completed, the new building will be 1km tall.
Renters in Dubai are willing to pay more for quality housing. In return, they get the option to split the annual payment by months or quarters.
Abu Dhabi is the richest city in the world: The capital of the UAE has taken first place in the ranking of the richest cities in the world by sovereign wealth fund assets, reaching $1.7 trillion, overtaking such cities as Oslo, Beijing and Riyadh.
For 2025, the UAE has approved a federal budget of AED 71.5 billion. The bulk of these funds will be spent on social development and government affairs. This is the largest federal budget in the UAE’s history.
A railway project connecting the UAE and Oman has received funding in the amount of $1.5 billion. The 238 km long road will reduce the travel time between Abu Dhabi and Sohar to 100 minutes.
On October 17, UAE residents will be able to see the largest and brightest full moon of the year, known as the Hunter Supermoon. It got its name in honor of the hunting season and will be as close to the Earth as possible.
