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Dubai Taxi Fare Update: Know the Costs of Your Ride with New Rates

Dubai Taxi Fare Update: Know the Costs of Your Ride with New Rates

January 17, 2024

Dubai’s Road and Transport Authority (RTA) recently announced new taxi fares, including revised flag rates for both regular metered taxis and hala taxi services at specific locations and times. Here’s what you need to know about the latest changes: Flag Fall Rate and Its Significance The ‘flag fall’ rate marks the starting point of your taxi trip when the meter is initiated. It represents the maximum cost you’ll incur for the journey. Read this also : Saudi Arabia Unveils Five New Premium Residency Options: Eligibility and Benefits Breakdown of Taxi Costs According to the RTA, the costs involved in your ride include: Flag Fall Rate Salik Toll Charges (Dh4 per crossing) Dh20 for travel to a different emirate from Dubai Waiting Fare – 50 fils per minute Read this also : Dubai Real Estate Market Surpasses AED 1.8 Billion in Transactions on January 16 Different Flag Fall Rates Be aware of the various flag fall rates based on your specific situation: Dh5: Hailing a regular or family taxi from the road between 6 am – 10 pm. Dh5.50: Hailing a regular or family taxi from the road between 10 pm – 6 am. Dh8: Hailing a taxi for People of Determination between 6 am – 10 pm. Dh9: Hailing a taxi for People of Determination between 10 pm – 6 am. Dh12: Reservation of a regular, family, or female taxi online through Careem or RTA during rush hours. Dh20: Hailing a taxi from Dubai Airport or Port Rashid. Dh20: Hailing a taxi during major events from exhibitions and international conventions (World Trade Centre, Expo City, and the Global Village). Dh25: Hailing a family taxi or a taxi for People of Determination from Dubai Airports or Port Rashid. Read this also : Surge in Demand: Dubai’s $10 Million Plus Homes Market Skyrockets by Nearly 100% in 2023 Understanding the Changes These adjustments aim to provide transparency and clarity to passengers, ensuring they are informed about the costs associated with their taxi rides. It’s essential to be aware of the specific flag fall rate applicable to your journey to accurately estimate the overall fare. Read More: Explore 11 convenient ways to top up your RTA Nol card in Dubai… Read this also : Expo Centre Sharjah Unveils Vibrant 2024 Calendar with 2.5 Million Visitors in 2023 This information will help both residents and visitors navigate Dubai’s taxi system more effectively. Stay informed about these new rates to make your taxi experience in Dubai more seamless and hassle-free. For the latest updates, always refer to the official announcements from Dubai’s Road and Transport Authority.

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Saudi Arabia Unveils Five New Premium Residency Options: Eligibility and Benefits

Saudi Arabia Unveils Five New Premium Residency Options: Eligibility and Benefits

January 17, 2024

If you’re considering relocating to Saudi Arabia for employment or business ventures, exciting opportunities await. The Premium Residency Centre of Saudi Arabia has introduced five new long-term residency options, aiming to attract exceptional talent and investments to bolster the national economy. Read this also : Dubai Real Estate Market Surpasses AED 1.8 Billion in Transactions on January 16 On January 10, these new premium residency options were unveiled, offering a range of advantages. Below, we outline the eligibility criteria for each category: Real Estate Owner Residency: Eligibility: Possess real estate assets valued at a minimum of SAR 4,000,000. Property must be free from mortgages, residential, and developed. Residency Duration: Real estate ownership or usufruct. One-time Fee: SAR 4,000. Read this also : Surge in Demand: Dubai’s $10 Million Plus Homes Market Skyrockets by Nearly 100% in 2023 Investor Residency: Eligibility: Valid investment license. Commit to investing a minimum of SAR 7 million and creating 10 job opportunities. Residency Duration: Contingent upon investment and job creation. One-time Fee: SAR 4,000. Special Talent Residency: Eligibility Criteria: Researchers, healthcare, and scientific professionals. Employment contract, minimum monthly wage, bachelor’s degree, work experience, points system, and employer’s recommendation. Residency Duration: Five-year fixed-term, renewable, or direct permanent residency. One-time Fee: SAR 4,000. Read this also : Expo Centre Sharjah Unveils Vibrant 2024 Calendar with 2.5 Million Visitors in 2023 Entrepreneur Residency: Eligibility Criteria: Possess an entrepreneur license, minimum investment, recommendation letter, and job creation commitment. Residency Duration: Fixed-term or direct eligibility for permanent residency. One-time Fee: SAR 4,000. Gifted Residency: Eligibility Criteria: First category: Specified exceptional awards and financial capability. Second category: Ministry-approved criteria, financial capability, and recommendation. Residency Duration: Five years, renewable, or direct permanent residency. One-time Fee: SAR 4,000. Benefits of the New Residency Options: Reside with family members. Relocate between establishments. Exemption from expatriate fees. Visa-free entry and exit. Obtain visit visas for relatives. Dedicated airport tracks. Work in the private sector. Business ownership and income from real estate. Read this also : DEWA Sets Digital Transaction Record with 12.5 Million in 2023 How to Apply: To apply for residency, visit the official website of the Premium Residency Centre at pr.gov.sa. Click on ‘Apply now’ and choose the relevant category. Use the ‘Eligibility Check’ tool for certain categories, providing insights into your chances of obtaining residency. These new residency options not only enhance the attractiveness of Saudi Arabia but also present a unique opportunity for individuals and investors looking to contribute to the nation’s growth. For detailed and updated information, visit the official website of the Premium Residency Centre.

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Dubai Real Estate Market Surpasses AED 1.8 Billion in Transactions on January 16

Dubai Real Estate Market Surpasses AED 1.8 Billion in Transactions on January 16

January 17, 2024

In a recent update from Dubai’s Land Department (DLD), the real estate sector showcased robust activity on January 16, witnessing a total of 525 sales transactions valued at AED 1.54 billion. The day also saw 127 mortgage deals amounting to AED 226.51 million and 19 gift deals totaling AED 89.9 million. Reas this also : Surge in Demand: Dubai’s $10 Million Plus Homes Market Skyrockets by Nearly 100% in 2023 Of the total transactions, AED 1.23 billion represented the sales of villas and apartments, while AED 304.55 million accounted for the sale of land plots. The aggregate value of real estate transactions on this day exceeded AED 1.8 billion. The mortgage transactions encompassed 109 villas and apartments valued at AED 196.4 million, along with 18 land plots valued at AED 30.11 million. Read this also : Expo Centre Sharjah Unveils Vibrant 2024 Calendar with 2.5 Million Visitors in 2023 This data highlights the continued vibrancy and resilience of Dubai’s real estate market. For up-to-the-minute insights and comprehensive analysis, the Land Department’s release serves as a valuable resource, showcasing the diverse range of transactions that contribute to the overall dynamism of Dubai’s real estate landscape. As Dubai’s real estate sector continues to evolve, these figures underscore the sustained interest and investment in the market, making it an opportune time for stakeholders and investors to stay informed and explore potential opportunities. Read this also : DEWA Sets Digital Transaction Record with 12.5 Million in 2023

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Surge in Demand: Dubai's $10 Million Plus Homes Market Skyrockets by Nearly 100% in 2023

Surge in Demand: Dubai’s $10 Million Plus Homes Market Skyrockets by Nearly 100% in 2023

January 17, 2024

In 2023, Dubai witnessed an impressive surge in the sale of homes priced at $10 million and above, with transactions skyrocketing by over 92%, totaling 431 sales. This robust activity underscored the active participation of affluent investors in Dubai’s thriving real estate market. The year saw several records shattered, and indications suggest that this trend is set to continue throughout 2024. Read this Also : Expo Centre Sharjah Unveils Vibrant 2024 Calendar with 2.5 Million Visitors in 2023 Faisal Durrani, Partner – Head of Research for MENA at the renowned property consultancy Knight Frank, remarked, “Dubai has reaffirmed its status as the world’s most dynamic $10 million plus homes market.” Homes exceeding the $10 million mark, sold in the final quarter of 2023, experienced a remarkable 28% increase in value compared to the previous year. Durrani observed, “The depth of demand from international buyers for Dubai’s most luxurious homes is also reflected in the fact that city-wide listings above $10 million decreased by 8.9 percent last year. Developers are actively responding to the emirate’s meteoric rise as one of the most sought-after luxury-second home markets globally.” Read this also : DEWA Sets Digital Transaction Record with 12.5 Million in 2023 In the first nine months of 2023, Dubai outperformed its closest rival, New York, selling over twice as many properties for over $10 million, with 159 deals compared to New York’s 323. “Dubai has reaffirmed its status as the world’s most dynamic US$10 million-plus homes market” – Faisal Durrani of Knight Frank Rising to the Challenge: A Surge in Multi-Million Dollar Developments Responding to the surge in demand, developers rushed to introduce high-rise projects and communities in the second half of 2023. These projects aimed to cater to the discerning needs of buyers willing to make substantial investments in the luxury real estate market. “The voracity of international ultra-high-net-worth demand has also super-charged the $25 million plus (property) market,” noted Durrani. “The number of homes trading at this uber-swanky end of the market doubled in 2023 to 56 deals worth $2.3 billion.” Palm Jumeirah and Jumeira Bay Island Reign Supreme Palm Jumeirah remained the top choice for buyers investing in $10 million properties, followed closely by Jumeira Bay Island. Despite this, Will McKintosh, Regional Partner and Head of Residential, MENA, highlighted that Palm Jumeirah had “9.5 percent fewer homes for sale last year than in 2022, reflecting the buy-to-stay and buy-to-hold attitude of the bulk of purchasers.” Read this also : Abu Dhabi Real Estate Transactions Surge to AED 1.9 Billion in Q1 2024 “The island’s location at the heart of New Dubai and recently achieved prestigious ‘Blue Flag’ status only adds to its appeal amongst the world’s elite looking for instant access to the ‘Dubai life.’” This remarkable surge in Dubai’s luxury real estate market reflects not only its global appeal but also the strategic measures taken by developers to meet the escalating demand for opulent properties. As the market continues to evolve, it is poised to maintain its allure among international investors seeking a blend of luxury and investment potential.

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Expo Centre Sharjah Unveils Vibrant 2024 Calendar with 2.5 Million Visitors in 2023

Expo Centre Sharjah Unveils Vibrant 2024 Calendar with 2.5 Million Visitors in 2023

January 16, 2024

Expo Centre Sharjah (ECS) has unveiled its dynamic annual events calendar for 2024, featuring a robust lineup of 49 exhibitions and festivals to be held at its primary venue in Sharjah, as well as affiliate centers in Khorfakkan and Al Dhaid. The diverse schedule is a testament to ECS’s commitment to advancing Sharjah’s exhibitions industry, offering cutting-edge platforms to meet the evolving demands of the business community and contributing to the acceleration of trade, industry, tourism, and culture in Sharjah. The exhibitions play a pivotal role in diversifying the emirate’s economy and reinforcing its role in sustainable development. Read this also : DEWA Sets Digital Transaction Record with 12.5 Million in 2023 The ECS 2024 calendar includes a range of local, regional, and global events, such as the Middle East Watch and Jewellery Show, ACRES (Sharjah Real Estate Exhibition), Ramadan Nights, the National Career Exhibition, Sharjah Children’s Reading Festival, Sharjah International Book Fair, and numerous other exhibits focusing on key industries. Sultan Al Owais, Chairman of Expo Centre Sharjah and the Sharjah Chamber of Commerce and Industry, emphasizes the profitability of the UAE’s exhibition and conference industry, attributing it to significant contributions to economic growth. These successes have elevated ECS exhibitions, enhancing their role in economic diversification, growth, and stability, making Sharjah a competitive and elite destination for business, industry, and tourism. Read this also : Abu Dhabi Real Estate Transactions Surge to AED 1.9 Billion in Q1 2024 Saif Mohammed Al Midfa, CEO of Expo Centre Sharjah, highlights the momentum generated by ECS’s yearly events in the UAE and the wider MENA region. ECS strategically plans events, offering top-notch exhibitions across various sectors. The center’s approach has effectively increased its annual visitors to over 2.5 million by providing a diverse range of offerings that cater to the interests of different groups. The 2024 events calendar kicked off with the 19th edition of the SteelFab exhibition, attracting renowned figures in the metalworking industries from 35 countries. The calendar also includes the Arab Rubber Expo and prestigious events like the Xposure International Photography Festival, Ramadan Nights, UAE School and Nursery Show, Sharjah Children’s Reading Festival, Expo Culinaire, The Hive Furniture Show, UAE China Tyres Show, Jewels of Emirates Show, and more. Read this also : UAE Leads Global Property Price Surge in 2023: Insights from the IMF The second half of 2024 promises a new series of exhibitions, starting with the Eid Al Adha Exhibition in June, followed by the International Government Communication Forum in September. The Watch and Jewellery Middle East Show returns in September, followed by events like the International Education Show, Emirates Perfumes and Oud Exhibition, National Career Exhibition, and the grand finale, the Sharjah International Book Fair in November. Expo Al Dhaid and Expo Khorfakkan also have exciting events scheduled throughout the year, reinforcing ECS’s commitment to fostering cultural exchange, business growth, and community engagement. The rich and diverse 2024 calendar underscores Expo Centre Sharjah’s pivotal role in shaping the emirate’s cultural and economic landscape.

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DEWA Sets Digital Transaction Record with 12.5 Million in 2023

DEWA Sets Digital Transaction Record with 12.5 Million in 2023

January 16, 2024

In the dynamic landscape of 2023, the Dubai Electricity and Water Authority (DEWA) achieved a milestone by recording approximately 12.5 million digital transactions, marking a notable 25% increase from the previous year’s approximate 10 million transactions. This impressive feat underscores DEWA’s commitment to advancing the visionary goal of making Dubai the world’s happiest and smartest city. Read this also : Dubai and Abu Dhabi Real Estate Markets Soar to Unprecedented Heights in 2023 The digital transformation is evident in the breakdown of transactions, with over 2.1 million conducted online, more than 3.2 million through DEWA’s dedicated smartphone app, and over 6.8 million through various digital channels offered in collaboration with partners. DEWA’s multifaceted approach to digital engagement highlights its dedication to providing real-time, secure, and seamless value-added services, ultimately enhancing the happiness of its stakeholders. Read this also : Abu Dhabi Real Estate Transactions Surge to AED 1.9 Billion in Q1 2024 Saeed Mohammed Al Tayer, the MD CEO of DEWA, emphasized the organization’s commitment to supporting the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum and the directives of H.H Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum. DEWA’s strategic efforts align with the goal of transforming Dubai into a global digital economy hub and evolving the Dubai government into a fully smart model. Read this also : UAE Leads Global Property Price Surge in 2023: Insights from the IMF Al Tayer highlighted DEWA’s use of cutting-edge technologies from the Fourth Industrial Revolution, including Artificial Intelligence (AI) and blockchain. DEWA’s advanced digital infrastructure played a pivotal role in achieving a remarkable 99.62% smart adoption of its services. By the end of 2023, DEWA had successfully integrated digitally with over 90 projects involving 65 government and private organizations. Read this also : Dubai and Abu Dhabi Real Estate Markets Soar to Unprecedented Heights in 2023 Beyond sustainability services, DEWA stands out for providing digital solutions in managing water and electricity. The Smart Living initiative is a prime example, promoting sustainable and intelligent living. It offers features such as consumption tracking, comparison with high-efficiency homes, and exclusive deals through the DEWA Store. As DEWA continues to spearhead digital innovation, its unwavering commitment to a seamless and technologically advanced customer experience solidifies its position as a key player in Dubai’s journey towards becoming a global digital leader.

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Abu Dhabi Real Estate Transactions Surge to AED 1.9 Billion in Q1 2024

Abu Dhabi Real Estate Transactions Surge to AED 1.9 Billion in Q1 2024

January 16, 2024

In the initial quarter of 2024, the real estate landscape in Abu Dhabi witnessed a robust surge, with transactions totaling an impressive AED 1.9 billion. The first two weeks alone saw 348 sales and mortgages across various real estate units, underscoring the Emirate’s dynamic property market. Read this also : UAE Leads Global Property Price Surge in 2023: Insights from the IMF Powered by the Department of Municipalities and Transport in Abu Dhabi, the “DARI” platform reported 215 registered mortgage deals, contributing to an aggregate value of approximately AED 1.5 billion in real estate mortgages within the emirate. Notably, over AED 356 million in transactions transpired in the early days of the year, comprising 133 sales transactions. These included 115 ready properties and 18 off-plan developments. Read this also : Dubai and Abu Dhabi Real Estate Markets Soar to Unprecedented Heights in 2023 Abu Dhabi City’s real estate landscape showcased its vibrancy through the “DARI” platform, highlighting the highest-value transactions over the preceding seven days. Al Saadiyat Island claimed the top spot with a transaction value of AED 8.9 million, while Yas Island secured four consecutive positions, amassing a total worth of approximately AED 23 million. The Al Kasir area secured fifth place with transactions totaling around AED 4.7 million. Read this also : Dubai and Abu Dhabi Real Estate Markets Soar to Unprecedented Heights in 2023 The Department’s commitment to quality real estate projects, coupled with initiatives from various Abu Dhabi real estate entities, has significantly elevated the city’s real estate industry. These strategic measures have not only strengthened the sector’s global competitiveness but have also solidified Abu Dhabi’s status as an attractive investment destination for both domestic and international investors. As the real estate market in Abu Dhabi continues to thrive, these initiatives are poised to further enhance the city’s position, offering a compelling environment for investors seeking sustainable growth opportunities. The strategic focus on quality, coupled with robust transactional activity, paints a promising picture for Abu Dhabi’s real estate sector in the quarters to come.

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