44 C
Dubai, AE
Monday, July 24, 2017

flydubai’s network in Russia expands to ten destinations

  • Launches flights to Makhachkala and Voronezh and restarts operations to Ufa

Dubai-based flydubai today announced the addition of three destinations to its Russian network, bringing its presence in the country to ten points. This autumn, the airline will launch flights to Makhachkala and Voronezh and resume services to Ufa.

Flights from Dubai to Makhachkala and Voronezh will operate twice a week, starting 31 October 2017 and 29 October 2017, respectively. Services to Ufa will relaunch on 31 October 2017 with three flights a week. flydubai will be the only UAE-based carrier offering direct air links on these routes.

Commenting on the launch, Ghaith Al Ghaith, Chief Executive Officer of flydubai, said: “Russia has been a key part of flydubai’s network since an early stage in our operations. We entered the market in 2010 and focused on markets that were previously underserved from Dubai. Russian passengers recognise the benefits of direct air links and together with our product offering have helped us to successfully grow our service across the country. Today, we are pleased to further expand our footprint as we see a growing demand for travel from Russia to Dubai.”

Along with the new additions, flydubai’s network in Russia includes Kazan, Krasnodar, Mineralnye Vody, Moscow, Rostov-on-Don, Samara and Yekaterinburg.

Travel between Russia and Dubai has been recently benefited from changes in visa requirements enabling Russian passengers to automatically receive a free 30-day Visa on Arrival in the UAE. This regulation prompted a 140% growth in travel numbers from Russia to Dubai within the first month since its introduction in February 2017, according to the Department of Tourism and Commerce Marketing (DTCM).

Jeyhun Efendi, Senior Vice President Commercial (UAE, EU, ME, CIS) for flydubai, said: “flydubai’s direct flights will give passengers from Voronezh, Makhachkala and Ufa convenience of a non-stop short journey to Dubai. Passengers can also benefit from not having to make arrangements for a visa beforehand. We are focused on meeting the travel needs of our passengers.  We offer affordable travel options in both Business and Economy Classes, an enjoyable on board experience as well as an opportunity to connect to more than 200 destinations from Dubai’s efficient aviation hub.”

Makhachkala is major city in the South of Russia, and capital of Dagestan Republic. Voronezh is a major city in western Russia with a population of over 1 million and rich history. Ufa was among flydubai’s first destinations in Russia, initially launched in 2011. It is the largest oil refining centre in the Volga and the Urals, as well as a major transport hub, scientific, cultural and religious centre.

flydubai operates flights to over 90 destinations in 44 countries, including popular routes among Russian travellers, such as Dubai (UAE), Male (Maldives), Colombo (Sri Lanka) and Kathmandu (Nepal). Passengers also benefit from flydubai’s interline agreements with other carriers, providing opportunities for onward travel to more than 200 destinations.

Flight Details

Voronezh

Flights between Voronezh (VOZ) and Dubai (DXB) will start on 29 October 2017. flydubai’s FZ 941/942 will operate between Dubai International, Terminal 2 and Voronezh International Airport on Wednesdays and Sundays.

Flight Number Route Departure Time Arrival Time
FZ 941 DXB – VOZ 10:40 14:30
FZ 942 VOZ – DXB 15:30 21:10

Economy Class return fares from Voronezh to Dubai will start at AED 1,200 AED including 7kg hand baggage, while Business Class return fares will start at AED 4,500 and are inclusive of all taxes and 40kg checked baggage.

Makhachkala

Flights between Makhachkala (MCX) and Dubai will start on 31 October 2017. flydubai’s FZ 915/916 will operate between Dubai International, Terminal 2 and Makhachkala Uytash Airport on Tuesdays and Fridays with return flights on Wednesdays and Saturdays.

Flight Number Route Departure Time Arrival Time
FZ 915 DXB – MCX 23:00 01:25
FZ 916 MCX – DXB 02:25 06:45

Economy Class return fares from Makhachkala to Dubai will start at AED 1,450 including 7kg hand baggage, while Business Class return fares will start at AED 4,200 and are inclusive of all taxes and 40kg checked baggage.

Ufa

Flights between Ufa (UFA) and Dubai will start on 31 October 2017. flydubai’s FZ 939/940 will operate between Dubai International Terminal 2 and Ufa International Airport on Tuesdays, Thursdays and Saturdays.

Flight Number Route Departure Time Arrival Time
FZ 939 DXB – UFA 09:55 15:55
FZ 940 UFA – DXB 17:05 21:00

Economy Class return fares from Ufa to Dubai will start at AED 1,250 including 7kg hand baggage, while Business Class return fares will start at AED 4,500 and are inclusive of all taxes and 40kg checked baggage.

Flights can be booked from flydubai’s website (flydubai.com), its Customer Centre (+971) 600 54 44 45, flydubai Travel Shops or through travel partners.

For the full timetable and fares, visit: https://www.flydubai.com/en/plan/timetable

Dubai Land Department organises workshop for law firms to discuss rental law

Dubai Land Department (DLD) recently organised a workshop for several law firms in the Emirate of Dubai to review and discuss the articles of Law (26) for the year 2007 regarding rental laws.

During the workshop held at the DLD headquarters, participants were given the opportunity to present their views on the articles of the law. They were also given the chance to offer proposals for the development and improvement of the current rental law, and strategies for better serving parties to rental agreements including owners, brokers and tenants from different categories and segments.

Mohamed Ahmed Yahya, Deputy Executive Director of the Rental Affairs Sector at DLD, commented: “This workshop is part of DLD’s ongoing cooperation with the Emirate’s law firms. We are constantly updating our employees on the latest legal developments relating to different types of property. Workshops like this help us to draw on expert opinions from legal professionals who work closely with all parties in the market, with the possibility of taking their suggestions and applying them to strengthen our sector.”

Yahya added: “We thank our partners in the law firms and will share their views and consider their proposals seriously in order to formulate legislation that will ensure the stability of our real estate market. Such meetings are important because they allow us to discuss developments that may significantly improve market performance, and generate proactive solutions for solving potential issues.”

The workshop organised by DLD contributed to enhancing dialogue and strengthening the relationship between parties in the real estate sector. By encouraging interactive discussions that focused on identifying shortcomings and finding ways to correct them, the workshop is expected to have an impact on the provisions of the new law, ensuring transparency in the rental affairs sector.

Panasonic Launches New ‘IT’ Twist Cordless Vacuum Cleaner

  • The cordless cleaner with dust sensors cleans hard-to-reach areas between the furniture with the innovative twist nozzle that can reach gaps as narrow as 5 cm.

Panasonic has launched its new ‘IT’ twist cordless vacuum cleaner MC-BJ870 in the region. With the new revolutionary twist nozzle design that is ultra-flexible, MC-B870 features a slim body and trendy looks, blending elegance and high-end technology to provide in-depth cleaning.

As the name suggests the nozzle turns into I and T shape with a twist. It cleans unreachable areas like gaps between the furniture and corners of the wall. Cleaning these areas is a herculean task with your conventional cleaner, where you have to move furniture and change accessories to clean different areas in the house. Whereas, the ‘IT’ Twist easily reaches gaps as narrow as 5 cm and the Powered Full Capture nozzle, automatically flip opens against wall-edge to give the best cleaning at corners.

 The Panasonic IT Twist is also equipped with special dust sensors that can detect dust particle as small as 20microns, with its automatic suction control. Suction power changes according to the amount of dust allowing to save power while in operation. In addition, the unique full-speed cleaning nozzle of MC BG870 is equipped with a special 3 in 1 brush head and can clean different surfaces including floor, stairs and furniture tops. The vacuum cleaner weighing mere 2.2 Kg can clean dust from large areas, with a continuous operation of 30 minutes on 3 hours of charging in the automatic mode.

 “We incessantly innovate in various areas to design products that cater to the evolving lifestyle of our customers. Our new IT Twist is designed keeping in mind urban lifestyle, where more and more people demand products that are compact and flexible. The rechargeable vacuum cleaner will solve all cleaning woes by reaching every nook and corner which are hard-to-reach otherwise. The right balance of technology and functionality, with Panasonic’s reliability, is what makes MC-BJ870 unique,” commented Mr. Keisuke Nakagawa, Director- Consumer Marketing Division, Panasonic Marketing Middle East and Africa (PMMAF).

 MC-BJ870 body comes in bright silver colour, and can be easily attached to a wall frame for charging. It is available at Plug Ins-DFC, Ace Hardware-DFC, Ace Hardware – Yas Marina and Al Futtaim Panatech – Deira in the UAE, and is prices at AED 2199.

RAKBANK Group Reports AED 381.5 million in Net Profit for the six months ended June 30, 2017

The National Bank of Ras Al Khaimah (RAKBANK) Group announced a consolidated net profit of AED 381.5 million for the half year ended 30 June 2017. The second quarter of 2017 generated profit of AED 226.7 million, an increase of 16% year on year and a 46.5% increase compared with the first quarter net profit. Gross Loans & Advances grew by 6.2% to AED 31.6 billion for the half year ended 30 June 2017 with strong growth in Wholesale Banking book and steady growth in the Personal Banking and Business Banking segments.

Commenting on the financial results, RAKBANK CEO, Peter England, said: “The trends for the 1st half of 2017 are showing continued positive signs where solid progress is made by all business units being Wholesale Banking, Business Banking, Personal Banking, and Treasury. Total Income for the second quarter of 2017 increased by 2.1% over the previous quarter and impairments continue on a downward trend after peaking in Q3 2016. Impairments are still relatively high reflecting the nature of our legacy book, however we expect continued improvements in this area as the year progresses.”

Total Assets increased by 3.4% to AED 44.0 billion compared to the end of 2016. This was due to an increase in Gross Loans & Advances of AED 1.8 billion partially offset by a decrease in investments of AED 497.6 million. The healthy growth of corporate loans from Wholesale Banking and the steady progress of loans from the Business Banking and Personal Banking segments contributed to the increase of the Gross loans & Advances by 8.2% year-on-year. Likewise, Customer deposits grew by AED 1.2 billion to AED 30.6 billion, a 3.9% growth compared to the end of 2016.

“Other than the financial performance, the Bank continues to invest in strategic areas and initiatives. During the quarter we commenced our partnership with C3 to open a completely new market segment where the Bank began offering payroll solutions for both banked and unbanked employees of companies. Additionally, we have expanded our remittance solutions by tapping into new corridors across Asia with plans to further expand in the second half of the year. With the aim of simplifying customers’ daily banking requirements, we were the first bank in the Middle East to introduce a new and innovative digital solution, Samsung Pay for ATMs. Looking ahead, the product and service pipeline for this year remains very strong, so expect to see continued product and service innovation from RAKBANK as the year progresses”, added England.

Total Income was AED 1.9 billion for the six months ended 30 June 2017, which increased by 2.1% for the second quarter of 2017 over the previous quarter, though declined by 2.8% over the comparable period in 2016. The Group’s Treasury, Wholesale Banking and Insurance business brought about strong growth in the non-interest income though the net interest income declined due to the changes made in the Bank’s business mix of lending. Operating expenses were marginally up year-on-year after the cost optimisation exercise in the first half of 2016 and the cost to income ratio stands at 37.4%. Impairments continued their downward trajectory from the peak in the third quarter of 2016, declining by 14.9% in the second quarter of 2017 over the previous quarter. Impairments during the six months ended 30 June 2017 were down by 2.4% from the comparable period in 2016.

The Bank’s capital adequacy ratio as per UAE Central Bank regulations stood at 21.1% at the end of June 2017. This level of capital provides the Bank with ample room for growth in 2017. The regulatory eligible liquid asset ratio at the end of June 2017 was 14.9% compared to 16.9% at the end of 2016. The advances to stable resources ratio stood comfortably at 90.9% compared to 85.5% at the end of 2016.

ARTAR RELEASES SIGNATURE COLLECTION OF ELITE APARTMENTS IN DOWNTOWN DUBAI

ARTAR Real Estate Development has released the Signature Collection of nine elite 4-bedroom apartments at its 36-storey Mada Residences tower in Downtown Dubai.

With spacious layouts ranging from 2,852sq ft to 3,234sq ft, the luxury residences come with Bianco Venus marble floors, generous European designed kitchens and some of the largest terraces in the Downtown district.

Views from the terrace areas – two measuring 9,530 sq ft – highlight the appeal of homes desired by astute investors and end users. The Dubai Mall is a minute’s walk away, with a huge range of other dining, entertainment, retail and leisure facilities on the doorstep.

Mada Residences offer the only two bedroom apartments with maid’s rooms in Downtown. The Signature Collection of apartments boast stylish marble and mosaic finishes, walk-in showers and high end free standing bathtubs. Floor to ceiling glass throughout is 8mm thick double glazed to reduce standard heat and noise by 30%.

Topping out was completed recently two months ahead of schedule and the development is on course for completion as planned by Q2 2018. A fully furnished 23rd floor show apartment is now open.

Junior Caregiver Program offers high school students the chance to intern at Cleveland Clinic Abu Dhabi

  • 40 teens get first-hand experience of medicine, pharmacy, nursing, administration

Forty high school students from across the UAE have become the first to take part in a unique internship program at Cleveland Clinic Abu Dhabi designed to develop the future of the UAE’s healthcare sector.

A total of 35 UAE national students and five expatriates from public and private schools in the UAE today became the first to take part in Cleveland Clinic Abu Dhabi’s prestigious Junior Caregiver Program, during which they will gain first-hand experience about working in the healthcare industry.

The two-week program will provide students with the opportunity to work as interns across 13 hospital departments including Medicine, Pharmacy, Nursing, and Administration, rotating throughout the facility to discover the aspects of caregiving which most interest them.

HE Mohammed Salem Al Dhaheri, Executive Director of school operations at ADEC and other senior ADEC officials welcomed the students to the program on Sunday at an inauguration ceremony held at Cleveland Clinic Abu Dhabi.

“The sight of so many promising young people who have chosen to embark upon our first Junior Caregiver program fills me with optimism for the future of the UAE healthcare sector,” Mr Al Dhaheri said.

Cleveland Clinic Abu Dhabi’s Chief Human Capital Officer, Yaser Obaid, said: “Increasing the number of UAE nationals seeking careers in healthcare will contribute significantly to the long-term sustainability of this industry and overall health in the Emirates. By creating internship programs like this one, the hospital encourages and educates young UAE nationals and expatriates about opportunities to become the world-class physicians, pharmacists, nurses and administrators who will help run it in the future.”

Cleveland Clinic Abu Dhabi is part of Mubadala’s network of world-class healthcare providers, which work together to address the emirate’s most pressing healthcare needs. The specialist, world-class healthcare facilities share a commitment to providing the highest level of patient care, building on the core values of quality, excellence, and patient safety.

5 Top Destinations for Summer 2017- Holidayme.com

It’s that time of the year again — school is out and you’re headed for your ultimate summer holiday. Whether you’re traveling with friends, family, partner or solo, these 5 top summer destinations recommended by Holidayme.com won’t disappoint you.

  1. Turkey

Turkey, lying at the crossroads of Asia and Europe, with its amazing array of offerings is a delight for tourists. The country is a treasure trove for history lovers and culture admirers. One of the most visited nations in the world, Turkey surely charms visitors with its plethora of options and activities.

Things to do in Turkey:

  • Explore Istanbul’s rich heritage and its nook and corners and you will be rewarded with an amazing experience.
  • Enjoy the magical hot air balloon ride over the vast dramatic landscape to admire the spectacular sunrise or sunset.
  • Savour the delicious Turkish culinary specialities. A must try is the Turkish coffee!
  • Visit Antalya, the classic sea resort of Turkey.
  1. Lebanon

Partying, shopping, sightseeing, hogging on sumptuous food, no matter what the theme of your vacation be, a trip to Lebanon ensures you miss nothing!

Who wouldn’t like to visit a country when it is at its picturesque best? Lebanon is best explored in spring, summer and early autumn seasons, when the whole region is blanketed with flowers and the weather is just apt to indulge in outdoor activities.

Things to do in Lebanon:

  • Visit some of the many underrated destinations like Baatara Gorge Waterfall, Chowan Waterfall, Monastery of Saint Anthony etc.
  • Explore the night clubs in Jbeil and Gemmayzeh. SKYBAR Beirut is one of the world’s best nightclubs.
  • Stroll into any of the souks and shop local fashion, art and crafts, ancient coins etc.
  1. Greece

Infinite stretches of white sandy beaches, vineyards, olive groves, beautiful landscapes and mountainous terrains, all ensconced in just one small country – Greece! The stunning nature, fascinating history, ancient archaeological sites and countless islands, turn Greece into a photographer’s dream destination. Also, it is one of the most popular tourist destinations in the world for summer holidays.

Things to do in Greece:

  • Start your trip off right in Athens. Featuring a bustling domestic economy and a trove of tourist hotspots, Athens provides a welcome introduction to the country’s unique landscape and history.
  • Explore the city of Crete, a small universe teeming with hidden treasures and stunning beauties that you will probably take a long time to uncover!
  • Explore Santorini, and watch the beautiful sunset.
  • Enjoy the lovely scenery of Shipwreck bay, Zakynthos. White colored giant vertical cliffs surrounding demure sandy beaches create an enchanting image of Greece.
  • Travel into the Northern regions of Greece and hike to the top of the highest summit for astonishing views and equally unforgettable memories.
  1. Egypt

Egypt boasts of a spectacularly beautiful landscape filled with cultural gems. From its sun, sea and sand interspersed with a touch of exotic culture and heritage, gushing rivers, ancient monuments, vast deserts, world famous coral reefs to cosmopolitan cities; it is all to be found in Egypt. That ensures you don’t have to browse through hundreds of holiday destinations across the globe for your perfect vacation. The mesmerizing land of Egypt has it all!

Things to do in Egypt:

  • Admire the exotic art and culture of Egypt such as the Pyramids of Giza, Luxor temple, Egyptian Museum etc.
  • Spend some quiet time in the mosques and temples of Egypt and take a break to experience spirituality.
  • Feel the thrill while sailing and unravel the underwater treasures as you sail down the mighty River Nile
  • Egypt offers some of the best beaches in the world such as Agiba Beach, Cleopatra’s Beach etc. where you can indulge in some adrenaline pumping activities.
  1. Georgia

To savour one of the most unforgettable journeys of your life, travel to the magical land of Georgia, a promising country wedged between the Black Sea and the soaring Caucasus Mountains. Bursting with lush mountains, quaint towns, sublime churches and monasteries, incredible wine, delicious food, and locals known world-over for their hospitability, Georgia is one of the most amazing lands that you’ll ever set foot on.

Things to do in Georgia:

  • Take a stroll along the charming alleys of old Tbilisi, while soaking in the local lifestyle and journeying through the timeless history of Caucasia.
  • Visit Narikala Fortress, a famous 4th century fortress located in Tbilisi
  • Savour the authentic, world-class Georgian Wine
  • Get entranced by the spellbinding scenery of Mount Kazbek, a part of the Caucasus Mountains
  • Visit Lake Ritsa, a favoured attraction in Abkhazia, north Georgia, encompassed by mountains, with its turquoise water full of trout.

Launch of JAWHARA Heritage Jewellery Design Competition & Awards

  • Aims to bring back the glory of heritage and traditional Arab jewellery
  • Competition is now open and closes on 20th September 2017

The New Jeweller Group has announced the launch of the first edition of JAWHARA Heritage Jewellery Design Competition & Awards, powered by GIA, the world’s foremost authority in Gemology. This first-of-its-kind competition, which is now open to receiving submissions from participants, aims to bring back the glory and prestige of heritage Arab jewellery that always enjoyed a place of pride for its intricate design and craftsmanship.

The Arab world and the GCC region boasts centuries old culture and traditions, including heritage jewellery that has maintained its ethnicity and charm throughout the years. Even today, many jewellers and jewellery designers take inspiration from heritage jewellery and sell it at a premium price in the market. The United Arab Emirates and especially Dubai, the biggest consumer market for jewellery in the GCC region, has experienced growth in demand for heritage jewellery because of the exquisiteness of the pieces that are intricately designed and manufactured by talented artisans of the region.

JAWHARA Heritage Jewellery Design Competition & Awards is a one-of-its-kind competition launched to provide a unique platform for young jewellery designers from the region to demonstrate their talent and excellence in jewellery design. The competition gives an opportunity to budding and established jewellery designers and inspires them to work on heritage jewellery designs with a blend of modernity. With the advent of technology, jewellery making has undergone significant changes and all the designs that are created today use cutting-edge technology and state-of the-art machine tools during the production process.

The competition gives all the applicants a reason to be associated with ‘heritage’ which is the soul of the Arab world; and create wearable jewellery designs inspired by heritage jewellery designs.

Each aspiring contestant can log on to www.heritagejewellerydesign.com to participate. The registration forms are available online and upon filling it, a code will be generated and each applicant can work on their design. The competition is now open and will close on 20th September 2017. Winning pieces are sponsored and manufactured by JAWHARA, who is the presenter of this competition and award; and is also the UAE’s and the world’s leading wholesaler and retailer of exquisite jewellery.

“Design is a key driver for growth in the gem and jewellery industry. In Asia, jewellery is an integral part of the culture. Women adorn traditional jewellery on important occasions of life, like weddings. Middle Eastern cultures have a rich heritage and the ‘JAWHARA Heritage Jewellery Design Competition and Awards’ presents a great opportunity and platform for jewellery designers to introduce the Arab cultural heritage to the wonderful world of jewellery. I am honoured to be a part of the panel of judges; and look forward to seeing the creative work of talented designers from this region,” says Nirupa Bhatt, Managing Director for GIA India & Middle East and an esteemed judge on the panel.

“Today, if we look at our region’s heritage and jewellery treasure over the last century, we find that we were fortunate to have beautiful lines of jewellery for all kinds of occasions, especially, weddings. These type of jewellery has been neglected after the introduction of European and Far Eastern jewellery designs into our markets. For some reason, the younger generation does not prefer imported jewellery and have started digging into their grandmother’s safes to wear some of the heritage style jewellery. They find it interesting and realizes that our traditional jewellers had their own touch and taste in jewellery; and they like it. The ‘Jawhara Heritage Jewellery Design Competition and Awards’ can trigger youth to re-develop and revive our heritage jewellery lines and bring it back to life. Above all, we are very rich in heritage jewellery and it is a great idea to present it through this competition,” says Tamjid Abdullah, Deputy CEO of JAWHARA Jewellery.

Tissot Chrono XL Tour de France Special Edition It’s time to express your lifestyle!

A lifestyle Cycling is a way of life for both professionals and everyday commuters. The Tissot Chrono XL Tour de France Special Edition takes the lifestyle side of the Tour de France as inspiration. The stylish NATO strap, which bears the colours of the race and of the champion’s yellow jersey, adds to the urban style of the watch. The street look is further emphasised by the contemporary Arabic numerals and sporty chronograph function.  The biggest statement, however, is made by the 45mm case, which makes the time easy to read, while riding across town or on weekend Tours. That is without mentioning the Super-LumiNova® properties of the indices and hands.

Stylish The contrast of the black PVD case and yellow details on the dial will make it stand out from the crowd, like the athletes at the top of the race. The yellow stripe on the bracelet is a hint to the speed and precision of the riders. The Official Tour de France logo engraved on the caseback, testifies to the uniqueness and exclusivity of the Tissot Chrono XL Tour de France Special Edition watch.

Features

  • Swiss Made
  • Quartz chronograph movement
  • 316L stainless steel case
  • Water resistance up to a pressure of 10 bar (100 m / 330ft)
  • Fabric strap with standard buckle
  • Black executions is PVD coating
  • Diameter: 45mm

Muscat Bay Reveals New Appealing Parkland Residences

  • One and two-bedroom apartments on high demand among investors and homeowners

Muscat Bay, the latest premier resort village in Muscat, has revealed one and two-bedroom apartment offerings as part of the second phase of their lavish Zaha Parkland Residences. With prices starting from RO 90,000, the apartments have already generated a high interest for investors and homeowners alike, with the first phase selling out in two weeks earlier this year.

Situated in a secluded valley and flanked by the majestic Al Hajar Mountains and the Gulf of Oman, Muscat Bay is a peaceful natural haven that offers the best of both worlds – a place to escape the stresses and strains of daily life alongside easy access to modern amenities. Despite feeling a world away from the hustle of the city, Muscat’s city centre is only 15 minutes away; with Oman’s main international airport just a 30 minute drive.

These newest additions to the Muscat Bay home collection, overlooking Zaha’s signature parkland, offer all the conveniences that define home comfort. Each apartment’s en-suite bedrooms and living rooms open on to sizable balconies with serene views of the valley and beyond and include a fully fitted kitchen, powder room, laundry room and maid’s room. Ranging from 80 m2 to 115 m2 in size, each apartment grants its residents the space to breathe amid locally inspired architecture and natural surroundings.

Commenting on the reveal, Paul Jessup, Vice President of Sales and Marketing at Muscat Bay said: “The one and two-bedroom Zaha Parkland Residences offer a prime investment opportunity for smart buyers looking to be ahead of the pack. Given their competitive prices in the market and the capital growth potential, we have already received a tremendous amount of interest from investors across the GCC with many more on the waiting list. This interest has reinforced Muscat Bay’s positioning as a home for all, offering options from three-bedroom villas to duplexes and one-bedroom apartments.”

Muscat Bay presents benefits such as high rental yield and capital growth opportunities, resulting in a secure and highly attractive proposition for both investors and homeowners. Some additional investment benefits include a freehold title, automatic residency for the owner and their immediate family and 0% personal income tax rate. The two-bedroom residences will benefit from one year free service charge allowing for higher returns should buyers wish to rent them.

Once completed, Muscat Bay will be home to exclusive residential units, including spacious villas, stylish townhouses and luxury apartments, alongside two five-star hotels by the region’s leading operator Jumeirah. A Village Square will sit at the heart of the development to offer an array of community services, providing convenience for residents and cultivating a harmonious community for likeminded people.

Weather

Dubai, AE
dust
44 ° C
44 °
44 °
21%
4.6kmh
0%
Tue
40 °
Wed
40 °
Thu
37 °
Fri
38 °
Sat
38 °
Show Buttons
Hide Buttons
Social Media Auto Publish Powered By : XYZScripts.com