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China–UAE News

Follow the trade, investment and partnerships bringing China and the UAE closer together.

China–UAE News
Source: briefasia.com

Hong Kong Narrows Gap with Dubai in Ultra-Luxury Property Market in Q2

Dubai registered 131 sales of homes priced at US$10 million or above in Q2 2026, totaling US$2.17 billion, reflecting a 27 percent decline from the prior quarter. Knight Frank data reported by BriefAsia shows Hong Kong significantly narrowed the transaction gap with Dubai during the same period. The change comes as geopolitical tensions affect Middle East market sentiment and buyers diversify holdings into Asia.

Industry News
Source: Gulf News

Dubai Gold Prices Set to End Week Lower as 24K Drops Dh40

Dubai gold prices were poised to finish the week lower, with 24-karat gold falling Dh40 over 28 days to Dh514.25 per gram on Friday. Market pressure stemmed from elevated energy costs and inflation concerns that drove bond yields higher and fuelled expectations of a Federal Reserve rate hike. Saxo Bank analysts highlighted that sustained demand from China has helped prevent deeper sell-offs in global bullion.

Industry News
Source: Gulf News

Dubai Gold Prices Set to End Week Lower on Rate Hike Concerns

Dubai gold prices were on track to finish the week lower as elevated energy prices and inflation concerns fuelled expectations of another US Federal Reserve rate hike. In the UAE, 24-karat gold held at Dh514.25 per gram on Friday, representing a Dh40 drop over the past 28 days. Analysts noted that resilient Chinese demand and safe-haven buying continue to provide underlying support for the metal.

Industry News
Source: CBS News

Oil Prices Rise as US and Iran Exchange Threats Amid Hormuz Tensions

Global oil prices rose as the U.S. and Iran traded threats amid their seven-month war, stoking maritime security concerns in the Strait of Hormuz and Red Sea. A commercial vessel was hit in the Strait of Hormuz, leaving one crew member dead, while talks on a seven-day reopening proposal remain preliminary. Chinese President Xi Jinping has called for the conflict to be resolved through negotiations.

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