This past week was vibrant with significant developments across the UAE, from emerging real estate trends in Dubai to exclusive insights from celebrity chef Salt Bae. Sheikh Hamdan also made headlines by unveiling plans for a luxurious well-being resort aimed at enhancing the quality of life in the city. Meanwhile, Kuwait announced a much-anticipated public holiday amidst ongoing discussions surrounding deportations in the region. Here’s a recap of the top 10 stories you might have missed this week, highlighting the latest in Dubai real estate supply and beyond.
Therme Dubai: Sheikh Hamdan Announces World’s Tallest Well-Being Resort
Dubai has revealed plans for Therme Dubai, which is poised to become the world’s tallest well-being resort. This initiative is part of the city’s Quality of Life Strategy 2033, launched in May 2024. The AED 2 billion project will showcase an interactive park along with the largest indoor botanical garden globally. Situated in Zabeel Park, Therme Dubai is projected to welcome 1.7 million visitors annually when it opens its doors in 2028.
“In May 2024, Dubai marked a new chapter in its pursuit of enhancing the well-being of its community under His Highness Sheikh Mohammed bin Rashid Al Maktoum’s visionary leadership with the launch of the Quality of Life Strategy 2033. This ambitious roadmap aims to establish our city as the world’s best place to live,” announced Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, via X.
Salt Bae: Meet the Butcher Building a Billion-Dollar Business One Golden Steak at a Time
On a leisurely Sunday at the Four Seasons hotel in Jumeirah, the air buzzes with preparations for an influx of luxury diners. One establishment, however, rises above the rest: Nusr-Et steakhouse, led by culinary sensation Nusret Gökçe, better known as Salt Bae. He strolls through the hotel, exuding an aura of confidence with his signature style.
“We keep growing,” Gökçe shares with Arabian Business, (“Business never sleeps. Our concept, our brand – everyone is waiting for us.”) His pride in the franchise is evident, as the restaurant’s allure extends beyond its culinary offerings; it’s an overall experience.
Dubai Real Estate Supply Shortage Fuels Prices and Rental Growth
Dubai’s real estate market saw unparalleled growth throughout 2024, driven by soaring demand in both residential and office spaces. With supply lagging behind, rental prices and transaction volumes have reached historic highs, as reported by Cushman & Wakefield Core’s Dubai Annual Report 2024-2025.
As we move into 2025, the demand is expected to persist, even with additional stock entering the market, particularly in residential segments. The implications of this dynamic on the Dubai real estate supply will be crucial to monitor in the coming months.
Middle-Class Britons Join Wealth Exodus to UAE Amid UK Economic Uncertainty
A significant wave of middle-class British families is relocating to the UAE, marking a profound shift in migration patterns typically dominated by high-net-worth individuals. As Britain grapples with economic uncertainty and evolving tax regulations, many are seeking a fresh start in the Gulf state.
“In the past, people that were moving to Dubai were high earners, professionals, or people with a lot of family wealth,” commented Asad Khan, CEO of Invest Dubai Real Estate. “But now, we see many middle-class families moving over from all walks of life – different backgrounds and different professions.”
Influencers Flocking to Dubai for Zero Income Tax and Luxury Lifestyle
Dubai has transformed into a magnet for global influencers, particularly from the US, Asia, and Europe. The city’s attractions include tax-free income, robust infrastructure, and appealing lifestyle options. “Influencers are arriving faster than brunch reservations fill up on a Saturday,” noted Samet Özetçi, co-founder of Walther Kranz Agency.
Currently, the UAE is home to over 25,000 influencers with follower counts ranging from 1,000 to one million, amplifying Dubai’s status as a key player in global influencer networks.
Dubai Real Estate Agent Sells Three Full Buildings in Seven Hours at Expo City
A notable achievement in Dubai’s thriving property scene occurred as real estate agent Kamil Magomedov successfully sold three complete buildings in just seven hours at Expo City. This remarkable feat emphasizes the area’s rapid development as a major business and residential hub in the city.
Jumeirah Group’s Marsa Al Arab Opens for Bookings
The Jumeirah Group has announced that bookings are now open for its new ultra-luxury resort, Marsa Al Arab, set to welcome its first guests on March 14, 2025. Located adjacent to the iconic Burj Al Arab, this development features 386 rooms, suites, and penthouses offering breathtaking views of the Arabian Gulf and city skyline.
Designed by Shaun Killa, the architect behind Dubai’s Museum of the Future, the resort boasts an extensive food and beverage portfolio, including 11 restaurants and four bars, aimed at enhancing its guests’ experience.
UAE to Deport 6,000 Visa Violators Following Extended Amnesty
In a recent crackdown, the UAE has launched an operation to deport 6,000 residency visa violators following an extended amnesty at the end of 2024. The Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) conducted thorough inspections across the country to enforce compliance with residency laws.
This initiative comes after a grace period that allowed violators to rectify their status, emphasizing the UAE’s commitment to maintaining a safe and regulated environment.
Kuwait Announces a Five-Day Public Holiday
Kuwait is set to enjoy a five-day public holiday later this month, as announced by the Cabinet during its weekly meeting. The holiday will commence on Tuesday, February 25, and runs through Thursday, February 27, coinciding with the celebrations for National and Liberation Days.