AB Espresso: First look inside Ramhan Island

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In today’s newsletter:

Eagle Hills exclusively unveiled its latest development, Ramhan Island, to Arabian Business, a luxurious sanctuary off the coast of Abu Dhabi, poised to become the emirate’s next must-visit destination and waterfront residential community for the ultra-wealthy. The new development was unveiled by the company’s founder and chairman, Mohammed Alabbar, at an exclusive launch event last week.

In addition, UAE real estate investors were active in the opening three months of the year as residential sector was buoyed by Golden Visa rule changes and steady supply, according to property experts JLL. The introduction of innovative product offerings, attractive payment options and recent updates to the Golden Visa requirements continue to drive investor demand within the country’s residential market, according to JLL’s UAE Real Estate Market Overview for Q1 2024.

In other news, the real estate market in Dubai is thriving, attracting local and foreign investors eager to invest in property for profitable returns. Last year, property values grew by 20 percent, outperforming most major housing markets around the globe. As property prices reach an all-time high, experts reveal which investment opportunities offer the most profitability.

Meanwhile, Indians getting married in Abu Dhabi can get UAE visa support from a leading venue as it looks to establish the city as a top spot for destination weddings. In a bid to establish Abu Dhabi as a premier wedding destination, the Abu Dhabi Convention and Exhibition Bureau announced an initiative to extend visa support to Indian nationals hosting destination weddings across the Emirate.

In other developments, Dubai Financial Market (DFM) welcomed the successful listing of Spinneys 1961 Holding on Thursday, May 9. The company’s IPO saw significant demand from international and regional institutional investors, as well as retail investors in the UAE, attracting around AED71bn ($19bn) in orders.

THE LONGER READ:

Rent hikes driven by Dubai’s real estate market boom are prompting residents to downsize, relocate to more affordable areas, or buy property, experts say

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