Hotel Ciel will be built in Dubai

The tallest hotel in the world, Ciel, will be built in Dubai in 2023.

Dubai Marina The 82-storey hotel building with a height of 356m was designed by the architectural bureau, NORR. Peculiarities:

• Glass observation deck on the 81st floor
• Roof terrace with infinity pool
• 1,042 rooms (including 150 suites)

Russians have emerged as top property buyers in the Dubai property market in Q3 2022.

According to real estate experts, Russians overtook investors from:

• UK
• India
• Germany

Q3 also recorded the highest quarterly numbers since 2010.

Luxury residence sales increased by 4.75% (to $4.5 billion) in Q3 compared to Q2 2022.

According to real estate experts. Compared to Q2 2022, in the luxury real estate market:

• Sales volume increased by 1.11%
• Transaction value increased by 11.29%

Leading areas in terms of sales in the premium segment:

• Palm Jumeirah
• Business Bay
• Downtown Dubai