Bitcoin rises 1.85% on Tuesday

Oil prices retreated from record highs but remain elevated due to production cuts by key producers and fears of long-term shipping disruptions from escalating regional conflict.

Average villa rents in Dubai's waterfront areas surged 44.4% last year, indicating strong demand for luxury property. Areas like Palm Jumeirah and Jumeirah Bay Island showed particularly high growth rates.

Global stock indices and U.S. equity futures plunged on Monday as oil prices surged toward $120 per barrel due to the escalating Middle East conflict. Asian and European markets were hit, while some defense and energy stocks saw gains.

The EU announced its readiness to strengthen maritime operations in the Middle East to protect vital trade routes following consultations with regional leaders. This decision came after calls to reinforce missions against piracy and protect vessels in the Red Sea.