AB Espresso: New Jumeirah brand identity revealed

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In today’s newsletter:

Dubai real estate: Over 8,000 new units hit the market in Q1, experts silence ‘oversupply concerns’ATM 2024: Riyadh Air will ‘disrupt’ airline industry in 2025 launch, says chief commercial officerATM 2024: Emirates’ Sheikh Ahmed welcomes Riyadh Air launch ‘as a plus point’Abu Dhabi tourism: Miral announces record visitors to Yas Island and Saadiyat IslandJumeirah: New brand identity unveiled

Stay informed with the latest updates from Arabian Business, where our dedicated editorial team brings you a diverse range of stories. Here's what you missed on Tuesday:

More than 8,000 new properties hit the Dubai real estate market during the first quarter of 2024, a new report revealed. According to Cushman & Wakefield Core’s Q1 market report for Dubai, more than 8,351 units were handed over during the first three months of 2024 which were “in line with market demand.”

Meanwhile, Riyadh Air will “disrupt” the airline industry once it begins commercial operations in Q2 2025, the airline’s Chief Commercial Officer, Vincent Coste told Arabian Business in an exclusive interview. “We have zero legacy, we are a start-up airline, we’ll disrupt the airline industry, and we will offer a fantastic product with a very strong digital proposal,” he said. Coste’s comments came on the side lines of the Arabian Travel Market, currently being held at the Dubai World Trade Centre (DWTC).

Emirates’ Chairman Sheikh Ahmed called the upcoming launch of Riyadh Air a “plus point,” during an exclusive Emirates media roundtable. The comments from Sheikh Ahmed Bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, Chairman and Chief Executive Officer of Emirates Airline & Group, came on the side lines of the Arabian Travel Market taking place at Dubai World Trade Centre.

In other news, Abu Dhabi destinations Yas Island and Saadiyat Island welcomed record numbers of tourists in 2023, as the region underlines its status as a global tourism hotspot. Miral has announced record-breaking visitor numbers in 2023 across Yas Island and Saadiyat Island, witnessing a surge in destination visits and setting a new benchmark.

Hospitality giant, Jumeirah also unveiled a new visual brand identity on Tuesday, this move intends to support the company’s strategy to double its portfolio size by 2030. The new logo and branding was unveiled on the group’s iconic Burj Al Arab hotel, lighting up with a projection that displayed Jumeirah’s origin story followed by the reveal of the new symbol.