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Nearly 40% of monthly income is spent on rent

Expo 2020 Dubai: These areas will see rents rise Representational image- Reuters Residential property rents in some locations could go up by around 10-15 per cent. Residential property rents in prime and waterfront locations in Dubai could go up by around 10-15 per cent during the upcoming Expo 2020 as millions of people from abroad and within the UAE will throng Dubai for the six-month period. Analysts and executives from the real estate industry suggest that prime areas with limited supply such as Downtown, City Walk and Bluewaters Island will see an increase in rentals. This is because the...

Covid-19: UAE stays on UK's red list (Reuters file) From August 2, travellers with US and EU-approved vaccines will not have to quarantine. The UAE continues to remain on the UK’s red list of countries after a travel review by the government on July 28. Passengers travelling from the countries listed in the red category will have to quarantine for 10 days in a hotel on arrival. Alternatively, the UK nationals and UAE residents can stay in an amber or green list of countries for 11 days before they can travel to the UK. “If you have been in a country or territory on the red list in the la...

Dubai: 24K gold prices likely to trade between Dh210 and Dh225 this week waheedabbas@khaleejtimes.com Filed on July 25, 2021 The precious metal was seen touching $1,775 an ounce but will regain some of the losses later this week. Gold prices for 24K are likely to trade between Dh210 and Dh225 per gram in Dubai this week, according to commodity analysts. The precious metal has had a very choppy last week closing at $1,802.3 per ounce, down by 0.29 per cent. In the UAE, 24K precious metal closed at Dh218.25 per gram, 22K at Dh205.0, 21K at Dh195.75 and 18K at Dh167.75 per gram.

UAE holidays: Hijri New Year likely date revealed KT file Due to changes in moon sightings, however, the UAE will not observe a long weekend this time. The UAE’s public and private sectors will enjoy the next official holiday in August on the eve of the Islamic New Year — also called the Hijri New Year or Arabic New Year. Unlike the Gregorian New Year, which is based on the solar system, the Islamic New Year is based on the lunar system. And Muharram is the first month of the Islamic calendar. According to the Islamic Affairs and Charitable Activities Department, the Islamic New Year is e...