Gold prices experienced a modest rise on Tuesday as traders anticipated upcoming U.S. economic data for clues on the Federal Reserve’s approach to interest rates in 2025. The benchmark 10-year Treasury yield, which climbed to its highest level since May 2024 at 4.313%, continues to influence bullion’s performance. Gold Prices in the UAE In the UAE, gold rates saw incremental increases. The price...
Dubai saw an impressive 16.79 million international visitors between January and November 2024, reflecting a 9% increase compared to the same period last year, which recorded 15.37 million visitors. The latest Dubai Tourism Sector 2024 Performance Report, published by the Department of Economy and Tourism, highlights that 1.83 million tourists visited in November alone. Monthly arrivals earlier in the...
Affordable apartments in areas like Dubai Investments Park (DIP) and Discovery Gardens stood out in 2024, delivering some of the highest rental yields. Dubai's real estate sector experienced another record-breaking year, achieving a remarkable 180,900 transactions valued at $142.1 billion. Prices in popular neighborhoods continued to climb, supported by strong demand and consistent availability of new...