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Emirates announces special fares to 30 destinations

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Emirates has announced a special sale offer with Airfare at a new low especially for Dubai Residents.The new ‘Budget-Prices’ can be availed from this Monday to the 23rd of July 2018.These budget saving deals of Emirates flight are for 30 destinations worldwide with tickets starting as low as Dh880.The flight tickets are applicable to trips until either September this year or the end of May next year.

This special offer on the flight fare was announced particularly for the expats living in UAE.The fares apply to most of the top holiday destinations looked up by the expats which include Munich, Seychelles, Kuala Lumpur, Cebu, Manila, Mumbai, Chennai, Karachi and Bangkok, among many others.

The economy class tickets can be availed by residents to travel to Beirut from Dh880 to Dh1000, to Cairo at Dh1415, to Casablanca at Dh2365, to Seychelles at Dh3045 and Kuala Lumpur at Dh2425.

The deal also includes Business class tickets at a budget price of Dh5245 to Beirut, Cairo at Dh7599, Casablanca at Dh11739, Seychelles at Dh83698, and Kuala Lumpur at Dh8865 only.

Emirates have also announced return tickets at a budget price of Dh2315 to London, Dh2335 to Cebu, and Dh2415 to Prague.

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The flight fares at a low price to various destinations shown below:

Decline in rents continues: Thinking of buying or renting a home in Dubai ?

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Cavendish Maxwell has published in its latest Dubai Residential market report that a decline in rent is expected in the second half of 2018 as new handovers are planned to occur for both Lease and freehold communities.

The supply of new homes in Dubai in the second quarter of 2018 has raised above the demand requirements, thus impacting on property values and rent. This decline in the rental charges has made on impact on the affordable, middle and upper-class alike.

A survey has said that many estate agents predict a further decrease in villa and apartment prices by up to 5% in the third quarter of 2018, effecting in a rental decline. For the entire year, homes expected to be delivered are over the range of 20,000.

With such a cheap market expected to flourish in the upcoming months, it is advised to buy a home in Dubai rather than renting it. Buyers have a wide variety of estates to choose from. To catch the best buyer, developers are offering incentives like aggressive payment plans,fee waivers and are getting more aggressive in their market campaigns.

Related: Apply for mortgages in UAE.

Property monitor has sent out a bar chart comparing the number of transfers occurring with the top areas in Dubai where the sale of houses are taking place.

Value of Dirham Predicted to increase by the end of 2018

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Currency analysts in Dubai have predicted a surge in the currency value of Dirham in the Emirate countries during the upcoming end months of this year (2018).

This surge in the currency value of dirham will strengthen further against the decrease in the value of currencies of other Asian countries like India, Pakistan, Sri Lanka, Bangladesh and the Philippines.

The Emirati currency (Dirham) has witnessed strengthening alongside the US Dollar value in the first half of the year 2018 and is expected to increase further in the second half of this year due to more Fed rate hikes in the US.

The Asian expats are advised to wait for a few months before sending cash to their own countries due to the expected surge of Dirham. Indian and Pakistani currencies have met new lows in the last few months.

Over 27% of Asian expats who are Indians are currently living in UAE; with the Indian Rupee hitting the lowest value with 18.8 against the UAE dirham, the expats are advised to wait before transferring cash.

Don’t you think this is the best time to apply for a personal Loan in UAE.

Similarly, over 12.6% of Asian expats are Pakistanis. The Pakistani rupee has plunged below 33 against the UAE dirham. Bangladeshi taka has dropped to a new low of 23 against the UAE dirham and Philippines peso has hit to 14.6 against the UAE dirham.

Emirates announced extra flight operations for Hajj Travel

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source:emirates 24/7

Emirates has announced 33 additional flight operations to the two cities – Jeddah and Medina from 6th August 2018 to 31st August 2018 to aid for the Hajj pilgrimage of citizens travelling from the kingdom of Saudi Arabia.

These extra flights will run alongside the scheduled flights to the same destination. The special flight services are to be availed by citizens who hold a valid Hajj visa. Emirates announced that it is expecting pilgrims from the countries of Pakistan, Senegal, United States, UK, Australia, Indonesia, Ivory Coast and Nigeria.

Adil Al Ghaith,Senior Vice President of Emirates said that they expects over 25000 pilgrims to take the journey of Hajj with them and that they are deploying extra flights to ensure seamless connections for the pilgrims flying across from various countries for this holy journey. He also said that Emirates promises to provide comfortable and best experience of travel owing to this significant period.

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Emirates has a set aside a team of helpers in Dubai to facilitate the Hajj passengers by setting aside dedicated check-in and transfer counter. Extra provisions have been made like performing ablutions, advising passengers about Al Miqat and Ihram to accommodate the Hajj passengers.

Benefits of having a credit card in Dubai

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Credit card Dubai

The fast and luxurious lifestyle in Dubai warrants for credit cards.The UAE is one of the fastest growing economies, and this has increased the spending capabilities of all the citizens of the country.

The banks of UAE vie with one another to land more customers, and they present various benefits to attract customers. There are some credit cards in dubai with no annual fee such as the NBAD GEMS Titanium Credit Card, which offer benefits for a student enrolled in a GEMS school in the UAE.

Even though there is no annual fee, a monthly late fee of 250 AED is imposed on the customer that pays the bill late or pays an amount lesser than the minimum amount.

It is always a wise decision to choose a sensible limit on your credit card to prevent an exorbitant expenditure. A thorough comprehension of the fee requirements, deals, interest rates, and benefits of the credit card is necessary before opting for any credit card.

Here are some of the benefits of having a credit card.

Safer than Carrying Cash

Wallets have a low chance of being found again if stolen. If you had kept a significant amount of money in the wallet, it’s going to sting. A credit card, however, can be cancelled. Several credit card companies also offer various securities to protect you from fraudulent transactions.

Improved Standard of Living

Most of the citizens of the UAE have bank accounts which help them in managing their online assets and reap benefits such as interest and credit card facilities. The credit card helps you spend money with a limit beyond your savings which can be reimbursed by the end of the month. These cards can be used to pay merchants and obtain the required items on sale. However, this account comes with a credit line that ends once the credit limit expires. It is a revolving account, which means that there is a limit placed upon the expenditure through the credit card.

Cashback Benefits

With the extensive use of credit cards, several companies offer cashback offers on purchases using the card. This means that you will get a certain amount of cashback with every purchase at a grocery store, restaurant or retail outlet. This could be in the form of miles, rewards, bonuses and so on.

Related : Are you looking for cashback credit cards in UAE

Entertainment Activities:

Numerous credit cards in the UAE provide benefits that can help you stay entertained without having to exceed your budget. Travel companies, lifestyle stores, and other such companies will partner with credit card companies, giving you great offers. You can also avail discounts at cinema halls and restaurants, and get deals such as free valet parking at some locations.

Related : Find valet parking credit cards in uae

Interest-free period:

Most credit card companies in the UAE offer an interest-free period. This means that if you clear all dues in the appropriate time, you can enjoy a short-term credit. The ability to make emergency payments is excellent, and you will be able to pay it back when you receive your monthly salary.

Annual Fees:

Another great thing about credit cards in the UAE is that many of them do not charge a yearly fee. This can help save a few more AED every year. Additionally, it is also possible to get a credit card with an annual salary as low as AED 5000.

Related: Apply for No Annual Fee Credit cards in UAE

Build a Good Credit History:

By using a line of credit to make purchases and also paying them in the stipulated time, one can build a good credit rating. This will enable you to have a higher chance of being sanctioned a loan at a low interest rate.

The numerous benefits of credit cards are often overlooked. As long as you have some control over spending habits, having a credit card is a convenient and useful way of making purchases and transactions.

Shop amongst the Skyscrapers: a weekend of excitement

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C4B News

Dubai Festivals and Retail Establishment (DFRE), a Dubai tourism agency, has shared the best activities for shoppers to do during this weekend in Dubai.

Shower of discounts at City Walk:

DFRE has ranked the “City Walk” as the best destination for the weekend shopping. This weekend the shoppers can enjoy numerous discounts in the range of 15% – 25% in shops likeCoach, Armani Exchange, Rag& Bone, whistles, etc. Louzan and Cavalli class items in city walkare offering up to 50% discount on items.

The areas of fine dining and dessert are also offering many discount packages.The fun from shopping continues at the fun zone with discounts aplenty. City walk can now accommodate the shoppers up to 2am for this weekend.

A dive to remember at Dubai Marina Mall:

The Dubai Marina Mall has announced a beach party wherein customers who valiantly dive into a bit of balls and retrieve a golden ball could win 25,000 AED. All to be done is spending 100 AED for the entry. Each golden ball has some gifts from various retailers.

Fashion and Gaming at Dubai Mall:

Celebrity Make up artist- Charoette tilbury has arranged a team to show fashionistas the tricks of perfect make-up at Dubai Mall. A special Gaming-zone has been set up in Dubai Mall for gamers to compete for brand new PlayStation. Other than these, Football fans can win the crown of Dubai EA Sports FIFA at City centre Deira.

An Overview of the Low Interest Credit Cards in the UAE

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Low interest credit cards

There are numerous banks that operate in the United Arab Emirates, more so than almost any other place in the world. This is because UAE is one of the fastest growing economies in the world and in terms of spending power ranks number one.

This is a primary reason why banks offer a host of credit cards to the people. There are many low interest Credit cards in UAE. Choosing one that suits your needs is something that requires a more thorough understanding.

A credit card is an electronic card issued to a user who can utilize it to make payments to merchants, regardless of the balance of the card. It works as a revolving account, where the bank offers the payment as an advance of sorts.

This means that a person can spend up to a certain credit limit without worrying about the payment. The bank also allows the payment to be given back after some time and does not necessarily needs to be the full amount.

These can be something as minor as the type of rewards system that the card gives. This can be a cash back offer or an air miles system or even a points system.

Other factors can be extremely crucial, such as the interest rate which is applicable each month. Of all the other factors this is the most important one, as one need to be aware of their spending and the interest incurred.

The rate is usually somewhere between 1-3% and in some cases can be over 3%. The usage of the card is dependent on the person and as time passes, the interest rate can be a bit problematic.

Of all the offerings out there, one must be aware of the cards and banks which offer the least interest on their cards. Here is a list of some of the best ones on offer, whose rates are low and the cards come with a ton of benefits:

Low Interest Credit Cards Minimum Salary  Major Benefits
 

CBD World Master Card

 

AED 100000

 

Lowest Interest Rate of 1.5%, air miles, travel packages, 24hr services, access to airport lounges worldwide, free travel insurance, visa fast-tracked.

 

AMEX The American Express Gold Card

 

AED 23000

 

No pre-set spending limit, interest rate is 0, lot of rewards.

 

Dubai Islamic Bank Johra Gold Premium Credit Card

 

AED 5000

 

1.95% interest rate, no annual fee, cashback offers, can withdraw 80% of the credit limit in cash.

CBD World Master Card: A super premium offering from the Commercial Bank of Dubai, this card is meant for the elite. With a minimum salary requirement of 100000 AED, it is reserved for those who can afford a life of luxury.

This card also offers one of the lowest rates, of just 1.5%. This speaks volumes about the usefulness of such a card.

There are more features, such as air miles, travel packages, 24hr services and a very high spending limit and exclusive access to airport lounges worldwide.

One also gets a free insurance whenever one purchases tickets using this card. A special service is that a holder of this card can get their visa fast-tracked; countries such as UK, Australia and others.

Apply for CBD World Master Credit card

AMEX The American Express Gold Card: A premium card whose, minimum salary requirement is a hefty 23000 AED. This card from American Express offers a suite of features, which are unmatched by other cards.

This card is a charge card, which means there is no pre-set spending limit and the most astounding feature is that the interest rate on this card is zero. The spending allows the user to repay the amount in whatever form they can. One can also get a lot of rewards including flights and upgrades.

The only downsides would be the international rate of 2.8% and an annual fee of 600 AED. Considering all the factors this is the most ideal card one can get their hands on. The benefits of this card far outweigh the disadvantages.

Dubai Islamic Bank Johra Gold Premium Credit Card: A card which has one of the lowest rates on offer of just 1.95% interest. There is no annual fee on the card and it comes with a lot of cashback offers. One can also withdraw 80% of the credit limit as a cash advance.

The salary requirement of the card is also quite low at just 5000 AED. For every purchase, 1% can be used to put to redeem flights and hotel bookings. The only drawback would be that the repayment period is just 20 days. With the low rates, however, this is not much of a problem.

A credit card can be a great tool, one can use it to aid in simple financial situations and it can also be of help when one is in a sticky scenario. The UAE has many banks, which offer credit cards, so it is important that one find a suitable system and use the card only based on needs.

All one needs to do is keep in mind the importance of not falling into a debt trap; other than that a wise use of credit cards is always of great advantage. In a place like the UAE, its importance is rather understated.

Find other Low interest Credit cards in UAE

Read also: Best Credit cards offers in UAE

Smart Parking Meter : Issue e-ticket for Dubai vehicles without hassle

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parking meter

Roads and Transport Authority (RTA), Dubai, launches new smart parking meters as a pilot project at Al Jafiliya, next to the General Directorate of Residency and Foreigners Affairs (GDRFA) headquarters in Dubai.

The new parking meter needs details of the car plate number and duration of parking to be entered via a digital touch screen, shown as below:

Once the details are entered, a payment method is selected from the options of coins or card. The machine generates an e-ticket and a paper receipt which need not be placed on the vehicle, as was done previously. Below is an image of the paper receipt generated via the smart parking meter:

E-tickets were generated before the new parking meter via “mParking” or “RTA’s App”. However, unlike the new parking meter, they did not require the user to enter the vehicle’s plate number. The presence of a vehicle number specific to a parking ticket ensures that the ticket can be used by only that vehicle and cannot be shared.

The renewal details of the new parking tickets are still not clearly designed as RTA hopes to better the process by adopting smart technologies.

The Smart Parking Scanners launched earlier by RTA have been working effectively. They have significantly reduced the human errors caused in the validation of expiry of a parking ticket by simply scanning the vehicles.

Recent News: Drop in fuel prices from july

 

Drop in fuel prices in UAE for the month of July

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latest uae news

A cut down in fuel price is announced by the Ministry of Energy and Industry and it will come into effect from July. The price is inclusive of VAT.

The new per-litre prices are Super 98 at Dh2.56 (earlier it was Dh2.63) and Special 95 at Dh2.45 (earlier it was Dh2.51)

There will be no changes in Diesel price. It is fixed at Dh2.66 per litre.

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The luxury of Loans- no more for a ‘Bill Slacker’

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Ethihad

Al Etihad Credit Bureau (AECB) has informed to link the utility bills to the credit score of a UAE resident. Those who are slacking off with the payment of utility bills will no longer be able to access personal or auto loans, mortgages and credit cards from banks.

Related: Apply for Personal Loan in UAE

During a panel discussion hosted by Dubai-based bank Emirates NBD on personal finance, Daniele Lavalle, head of product development and data operations, AECB, said that in the future, utility bills, rents, and tenancy contacts will also be a major part of the credit score.

Lavalle explained that maintain a good credit score will solve any futuristic loan troubles. He pointed out that the youth of the nation often forget about their credit cards thus obtaining a bad credit score. He urged them to rectify the situation.

See Also: Looking for Credit cards in UAE ?

Lavalle also mentioned that the credit history of any UAE resident in their previous country will not be considered while calculating your current credit score with any bank of UAE.