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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: World Business Outlook

Modern Buildings Summit Dubai 2026 Scheduled for October at Dusit Thani

The Modern Buildings Summit Dubai 2026 will take place on October 14–15, 2026, at Dusit Thani, Dubai. The summit brings together GCC built environment leaders to discuss smart building technologies, decarbonisation, and energy efficiency. Agenda topics include retrofitting, artificial intelligence, building automation, and net-zero building operations.

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