Arabian Business

AB Espresso: How much does a Dubai World Cup champion horse cost?

Arabian Business sent this email to their subscribers on March 25, 2024.

Hello reader,

In today’s newsletter:

  • Revealed: Abu Dhabi to host world’s first ‘eSports Island’ – a $280mn global hub for gamers
  • Dubai real estate: Samana Developers announce $3.4bn investment in residential projects
  • Eid Al Fitr 2024: Visa-free countries for UAE residents revealed
  • Ramadan 2024: Umrah bookings soar as UAE worshippers flock to Saudi’s Makkah, Madinah
  • Saudi real estate: Influx in global Muslim HNWIs Makkah, Madinah property investments on major visa, policy reforms

Discover the latest stories from Arabian Business, compiled by our editorial team. Here's what you missed on Monday:

Abu Dhabi is set to don a new global feat, with one of the emirate’s islands is to host the world’s first eSports Island, estimated to be developed with an investment of more than $280 million.

On the real estate front, Dubai’s Samana Developers announced major investment in the city’s real estate sector, on Monday. The company is set to invest AED12.5bn (AED3.4bn) in several new residential projects in Dubai this year.

Aside from this, UAE residents can expect a long holiday on account of Eid Al Fitr which is expected to fall on Wednesday, April 10. Following recent trends, residents are increasingly seeking short-haul travels to visa-free destinations during the long weekend.

Meanwhile, Umrah bookings from the UAE to Saudi Arabia’s holy cities of Makkah and Madinah have surged this Ramadan compared to previous years, a religious tour operator told Arabian Business. Co-founder and CEO of UAE-based Umrah operator Umrahme, Mohammed Mahfooz BinMahfouz, credits the boost to recent Saudi efforts to streamline visa processes and improve infrastructure, making the pilgrimage easier and more accessible for many in the region and abroad.

In addition, Muslim high net-worth individuals (HNWIs) from across the globe are increasingly eyeing property investments in Saudi Arabia’s holy cities of Makkah and Madinah as a result of recent visa and policy reforms, experts told Arabian Business. The holy cities of Makkah and Madinah have long held profound significance for Muslims worldwide, attracting millions of faithful pilgrims every year and recent reforms are poised to transform these revered destinations into magnets for real estate investment as more properties come onto the market.

THE LONGER READ:

Dubai World Cup is undoubtedly a prestigious event that showcases the finest horses, trainers, and owners from across the globe

Was this newsletter forwarded to you? .

For editorial queries, please contact:

Matthew Amlôt
Editorial Director, Arabian Business

For advertising enquiries, please contact:

Andy Sulahian

Group Commercial Director

Direct: +971 4 444 3597

© 2024 ITP Digital Media Inc. All rights reserved.

     

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Text-only version of this email

Hello reader, In today’s newsletter: * Revealed: Abu Dhabi to host world’s first ‘eSports Island’ – a $280mn global hub for gamers * Dubai real estate: Samana Developers announce $3.4bn investment in residential projects * Eid Al Fitr 2024: Visa-free countries for UAE residents revealed * Ramadan 2024: Umrah bookings soar as UAE worshippers flock to Saudi’s Makkah, Madinah * Saudi real estate: Influx in global Muslim HNWIs Makkah, Madinah property investments on major visa, policy reforms Discover the latest stories from Arabian Business, compiled by our editorial team. Here's what you missed on Monday: Abu Dhabi is set to don a new global feat, with one of the emirate’s islands is to host the world’s first eSports Island, estimated to be developed with an investment of more than $280 million. On the real estate front, Dubai’s Samana Developers announced major investment in the city’s real estate sector, on Monday. The company is set to invest AED12.5bn (AED3.4bn) in several new residential projects in Dubai this year. Aside from this, UAE residents can expect a long holiday on account of Eid Al Fitr which is expected to fall on Wednesday, April 10. Following recent trends, residents are increasingly seeking short-haul travels to visa-free destinations during the long weekend. Meanwhile, Umrah bookings from the UAE to Saudi Arabia’s holy cities of Makkah and Madinah have surged this Ramadan compared to previous years, a religious tour operator told Arabian Business. Co-founder and CEO of UAE-based Umrah operator Umrahme, Mohammed Mahfooz BinMahfouz, credits the boost to recent Saudi efforts to streamline visa processes and improve infrastructure, making the pilgrimage easier and more accessible for many in the region and abroad. In addition, Muslim high net-worth individuals (HNWIs) from across the globe are increasingly eyeing property investments in Saudi Arabia’s holy cities of Makkah and Madinah as a result of recent visa and policy reforms, experts told Arabian Business. The holy cities of Makkah and Madinah have long held profound significance for Muslims worldwide, attracting millions of faithful pilgrims every year and recent reforms are poised to transform these revered destinations into magnets for real estate investment as more properties come onto the market. THE LONGER READ: Dubai World Cup is undoubtedly a prestigious event that showcases the finest horses, trainers, and owners from across the globe Was this newsletter forwarded to you? . For editorial queries, please contact: Matthew Amlôt Editorial Director, Arabian Business [email protected] For advertising enquiries, please contact: Andy Sulahian Group Commercial Director Direct: +971 4 444 3597 [email protected] © 2024 ITP Digital Media Inc. All rights reserved. This email was sent to [email protected]. If you are no longer interested you can .
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