One of Dubai’s most affluent communities has registered a deal worth AED 93 million. A buyer paid nearly AED 2,300 per square foot in Emirates Hills, despite a report showing Dubai’s real estate market is slowing down. Real estate investment and advisory firm JLL MENA say residential prices have dropped by 11% over the last year, and rental prices are also decreasing. The downtrend is expected to continue for the rest of the year.

No school fee increase in Dubai for next academic year
UAE welcomes IMO resolution on Strait of Hormuz safety
UAE calls for action as Iran continues to violate UN resolution
Car impounded after Dubai driver caught for dangerous stunts
