Dubai Weekly: Keeping You Up-to-Date in the City of Gold

Dubai continues to dazzle with its dynamism! This week has been a whirlwind of exciting news, from a Boom in Property market to crucial updates on education and employment. Whether you’re a seasoned resident or a curious newcomer, this Dubai Weekly roundup has everything you need to stay informed.

Dubai’s Boom in Property Market Soars: Unveiling Alternative Investment Opportunities

Dubai’s property market is experiencing a record-breaking boom, with residential sales exceeding a staggering AED 191 billion (USD 52.5 billion) in the first half of 2024 alone. Headlines are dominated by multi-million dollar mansions on Palm Jumeirah, but fear not, there’s more to Dubai real estate than meets the eye! This week, exciting alternative investment options have come to light, making Dubai’s property market even more accessible.

Boom in Property: Alternative Investments for Every Budget

While luxury properties continue to grab attention, Arabian Business unveils five new ways to invest in Dubai real estate:

• Low-deposit mortgages: Perfect for first-time buyers, these mortgages make that dream property a more realistic possibility.
• Co-ownership: Share the responsibility (and the rewards) of a property with another investor.
• Real Estate Investment Trusts (REITs): Invest in a portfolio of Dubai properties without the hassle of direct ownership.
• The $136 portfolio: This innovative micro-investment scheme allows you to own a fraction of a Dubai property for a minimal outlay.

Shaping Young Minds: Top Schools in Dubai Revealed

For parents seeking the best education for their children, this week brought welcome news. A prestigious publication has ranked Dubai’s top schools, providing valuable guidance for families navigating the education landscape. Finding the ideal school is crucial, and this ranking offers valuable insights into institutions that excel in academics, extracurricular activities, and fostering well-rounded individuals.

Research Made Easy: Considerations for Choosing Your Child’s School

With a diverse range of schools catering to different curricula and needs, here are some key factors to consider when making your choice:

• Curriculum: Whether you prefer a traditional approach, a focus on international qualifications, or a bilingual program, Dubai offers a variety of options.
• Location: Consider factors like commute time, after-school activities, and proximity to your community.
• School ethos and facilities: Look for a school that aligns with your values and offers the facilities to support your child’s development.

A Fresh Start for the UAE Cabinet: New Appointments Signal Change

The UAE Cabinet underwent a significant reshuffle this week, with several key ministerial positions changing hands. This move signifies the government’s commitment to adapting to a rapidly evolving world. The new appointments bring fresh perspectives and expertise to the table, focusing on areas critical to Dubai and the UAE’s continued success.

Empowering Yourself: Understanding Your Employment Rights in Dubai

Employment rights are paramount for a secure and fulfilling work experience. This week, essential information regarding UAE employment law was clarified. Knowing your rights empowers you to navigate your professional journey with confidence. Here are some key areas to be aware of:

• Work contracts and visas: Ensure you understand the terms of your employment contract and visa regulations.
• Working hours and vacation entitlements: Be familiar with standard working hours, overtime pay, and your annual leave allowance.
• Termination of employment: Understand the legal procedures for termination and your rights to severance pay.

Conclusion:

Dubai’s dynamism continues to impress. This week’s roundup has highlighted the city’s thriving property market, top-tier educational institutions, a renewed government focus, and a commitment to employee well-being. Whether you’re a resident or a visitor, Dubai offers a wealth of opportunities. Stay tuned for next week’s edition of Dubai Weekly, where we’ll delve into the latest developments shaping this ever-evolving metropolis!

Source: Arabian Business