The UAE had a packed week of major announcements — from Cabinet-approved public holiday dates and Emirates' extraordinary airline growth to a real estate boom driven by the Al Maktoum International Airport expansion. Here is a concise roundup of the top UAE updates you need to know.
UAE Public Holiday Dates Confirmed
The UAE Cabinet approved this year's official public and private sector holiday calendar. New Year's Day was designated a public holiday, and residents can look forward to a long weekend in December for the UAE's 53rd National Day celebrations — one of the most anticipated breaks of the year.
Emirates' Remarkable Growth to $37 Billion
A visionary leader underscored the incredible transformation of Emirates from a concept into a $37 billion-a-year airline. Emirates now connects passengers to more than 275 cities worldwide, cementing Dubai's status as a global aviation hub and an indispensable link between civilisations.
Dubai Real Estate Boom Near Al Maktoum Airport
Since the announcement of the major expansion of Al Maktoum International Airport in Dubai South, property prices in the area have risen by 15%. Investors are watching closely, as the development is expected to significantly boost both commercial and residential property values in Dubai South and surrounding districts.
New GCC Schengen-Style Unified Visa
Plans are advancing for a Schengen-style unified tourist visa covering GCC member states, as well as ASEAN and select Southern African countries. The initiative aims to harmonise visa processes, making regional travel easier and boosting tourism by allowing a single visa to grant entry to multiple participating countries.
Top Investment Tips for Dubai in 2024
With Dubai attracting the fastest-growing high-net-worth individual (HNWI) population in the world — around 6,700 millionaires relocating to the city this year — investment opportunities in 2024 include real estate, technology stocks, and gold. The city continues to open its economy to global capital.
Dubai Courts' New Rules for Divorced Parents
Dubai Courts proposed new measures to streamline international travel for divorced parents travelling with their children, cutting through administrative hurdles. The reform is part of the D33 Social Agenda vision, which aims to make daily life more meaningful and practical for UAE residents.
UAE Weather: Temperatures Exceed 49°C
The UAE National Centre of Meteorology warned that temperatures in some regions could exceed 50°C this week, with readings already surpassing 49°C. Residents were advised to stay hydrated, avoid outdoor activity during peak afternoon hours, and monitor official advisories.
Brookfield to Acquire GEMS Education
Global asset manager Brookfield Asset Management announced plans to acquire GEMS Education — one of the world's largest private school operators — with the deal expected to close by the third quarter of 2024. The acquisition underlines continued institutional investor confidence in UAE's education sector.
