Key UAE Updates: Holiday Dates, Emirates’ Growth, Real Estate Surge, and More

UAE Holiday Dates:

These changes included the nomination of the new year’s day as a holiday this year for the UAE residents, and the cabinet has given a nod to the dates of the holidays this year. : The next long weekend will be in December for UAE 53rd national day celebration .

Emirates’ Remarkable Growth:

The visionary leader underscored an incredible transformation of emirates from an idea to a thirty-seven billion-a-year airline. Current position of Emirates includes over 275 cities that the airline connects to Dubai, which makes it an essential part of the city’s transport plan .

Dubai Real Estate Boom:

Ever since the announcement on expansion of the Al Maktoum International Airport in Dubai South, property rates in Dubai South and other relevant areas rose by 15%. Investors stand to benefit particularly from the market impacts of the airport development due to its potential of improving both the commercial and residential property status.

New Schengen-Style Visas:

Currently, there are some planned implementations of visas like Schengen-style visas in some countries in the GCC, ASEAN, and some in the Southern African region. It aims to harmonize such visas so that it becomes easy to travel and improve the rate of tourism since it is one way of using a number of visas to get into a certain number of countries.

Top Investment Tips:

As it is evident that Dubai is attracting more millionaire population, some investment opportunities that would yield in 2024 include real estate, technology stocks, and gold. New York City remains a robust metropolitan that is opening up its economy for the entire globe .

Dubai Courts’ New Rules:

New measures of extending the possibility of traveling for divorced parents taking their children along has been proposed eliminating administrative procedures. This is part of the D33 Social Agenda vision, on making residents’ lives become more meaningful.

UAE Weather:

The weather became hot with temperatures going above 49 degrees as there were predictions of even hotter weather and some rain. The National Centre of Meteorology warned that some areas in the country would experience heat output of 50 degrees this week .

GEMS Education Investment:

Global real estate developer Brookfield Asset Management has planned to buy out London-based GEMS Education, one of the largest private school operating companies in the world which is willing to complete by the third quarter of the year 2024.

Weather Forecasts:

Temperature has been forecasted to hit new record high this week in different parts of UAE and there will be, at times, very little rain this week with hot temperatures.