The Journal

Dubai’s rental market is often treated as one investment field, but in practice it divides into two quite different models. A short-term apartment in Downtown Dubai, let to winter visitors, does not work in the same way as a one-year tenancy in Dubai Marina or a villa leased to a family in Arabian Ranches. The asset may be the same, but the rules, costs, income pattern and daily demands are not.

Audemars Piguet began in 1875 in Le Brassus, in Switzerland’s Vallée de Joux, when Jules Louis Audemars and Edward Auguste Piguet established the manufacturer that still carries their names. The place was not incidental. This part of Switzerland already had a reputation for highly skilled watchmaking, with small workshops producing complex movements that called for patience, precision and very steady hands.

Roman Vnoukov’s career has taken shape in the more private rooms of architecture and design, including residences, boutiques, restaurants and branded interiors made for clients with a clear sense of what they want to project. His public record does not follow the usual architectural path of competitions, civic buildings and museum retrospectives. It belongs instead to a more client-led world, where design has to carry identity with discipline, from a Manhattan jewellery house to a branded residential tower in Dubai.

South Asia has never submitted to a single story. Its histories are plural, its artistic traditions layered across centuries of exchange, rupture, and reinvention — and any exhibition that attempts to compress that complexity into a coherent whole risks losing precisely what makes it compelling.

For over a decade, Dubai has been the name on every property investor's radar. Its skyline, its lifestyle and its phenomenal transaction volumes have transformed the emirate into one of the world's most recognised real estate markets, and the numbers are almost impossible to argue with. In 2025, Dubai recorded more than 270,000 real estate transactions totalling AED 917 billion ($250 billion USD), a 20% jump in both volume and value from the year before and the market’s fifth consecutive record-breaking year.

Dubai’s short-term rental market has moved well beyond the early phase of holiday-home investment. What began as an alternative to hotel stays is now a mature part of the city’s residential landscape, shaped by tourism, business travel, relocation demand and a steady appetite for furnished homes.