One of the largest rental deals for a penthouse a year

One of the largest rental deals for a penthouse amounting to $463,000 a year was registered in Dubai.

Palm Jumeirah A Penthouse in the 22-storey ultra-premium complex, One At Palm Jumeirah with 4 bedrooms and an area of 445 m².

The occupancy level in high-in-demand buildings in Abu Dhabi are already hovering at ~95%.

According to the consulting group, Knight Frank, it recorded ~32,000m² of new office demand in 2022, up by 5% from 2021. Job numbers in the UAE capital reached 1.29 million at the end of 2022.

Dubai's Roads and Transport Authority has opened a flyover that connects the Ras Al Khor and Nad Al Hamar roads.

The project enhanced the capacity of the Ras Al Khor Road to 10,000 vehicles per hour, slashed the travel time from 20 minutes to 7. The project serves many areas with a population of 650,000, including:

• Al Wasl
• Dubai Creek
• Ras Al Khor, etc.