Saudi Arabia’s real estate market showed modest improvement in the second quarter, with transaction volumes rising from the previous quarter but remaining below last year’s levels, according to Al Rajhi Capital. Residential property prices rose 2.6% year on year, lifting the overall real estate price index despite weaker commercial property prices and declining transaction activity.
PROPERTY
Object 1 has completed V1TER Residence, its second residential project in Dubai, bringing 175 apartments to Jumeirah Village Circle. The development reinforces the company’s focus on delivering high-quality, well-connected communities that align with Dubai’s long-term growth while meeting rising demand from homeowners and investors.
money
Gold recovered above the US$4,000 mark after last week’s pullback, but analysts say the correction is masking a deeper shift in global demand. While short-term investors have reduced exposure, central banks and long-term buyers—particularly in China—continue to increase their gold holdings, reinforcing gold’s role as a strategic reserve asset.
Kuwait’s annual inflation rate rose 2.19% in June, driven by higher prices for food, transport, healthcare, education, clothing, and other consumer goods, according to official data. Food and beverages saw the largest increase at 5.55%, while miscellaneous goods and services climbed 5.8%.
lifestyle
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