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Hello reader,

In today’s newsletter:

Dubai real estate: Property rents to rise in 2024, luring global investors, experts reveal$44mn investment dispute: UAE’s Al Habtoor Group threatens to sue Lebanon governmentRevealed: Dubai long-term rentals up to 60% more profitable than short-term leasesSaudi Arabia: Kingdom announces 5 new visasHenley Passport Index 2024: UAE becomes 11th most powerful passport in the world

On Wednesday, Arabian Business covered some of the most happening stories in the region, which included UAE’s Al Habtoor Group threatening to sue Lebanon government over a $44 million investment dispute, property rents forecast to rise in 2024, and more.

That said, here are five trending stories you missed yesterday.

Dubai’s property market has demonstrated strong resilience over the past few years and remains an attractive investment destination according to experts at ValuStrat, Allsopp&Allsopp and Betterhomes. Find out what's in store for the market in 2024.

In addition, renting out apartments in Dubai on a long-term lease basis can earn as much as 40 to 60 percent higher returns for owners than short-term rentals, a new market study revealed.

In a major announcement, the Al Habtoor Group, a major UAE-based conglomerate, has threatened legal action against the Lebanese government over a lingering $44 million investment dispute.

Meanwhile in Saudi Arabia, the kingdom has announced five new visa categories as it looks to attract investors and talent to the Kingdom.

In terms of travel, the world’s most powerful passports have been revealed by the Henley Passport Index. The UAE is the biggest climber on the Henley Passport Index over the past decade, adding an impressive 106 destinations to its visa-free score since 2014, resulting in a massive leap of 44 places in the ranking from 55th to 11th position.