News

New Atlantis project on Dubai’s Palm seals a Dh64m penthouse deal

Published

3 years ago

November 13, 2021

Advancement includes a Dh180m penthouse, which is the costliest such listing in Dubai now

There is a Dh180 million apartment to be sold there – but Atlantis The Royal resort and Residences on the Palm is as yet doing very well. A penthouse there has been purchased for Dh64 million, making for one of the most costly property deals in Dubai this year.

The 8,300 square feet unit was obtained by an European public, further reaffirming Dubai’s certifications as a decision spot for well off overseas investors inspired by property resources. The four-bed penthouse is the second most costly property in the development after the highest level five-bed penthouse trio, which is recorded for Dh180 million.

It is a genuine illustration of how HNWI (high networth people) actually consider Dubai the main objective for property venture, said Nikita Kuznetsov, Partner at Metropolitan Group and CEO of Metropolitan Premium Properties, which expedited it. The arrangement was finished up in only four days further featuring the trust in Dubais economy and housing market.

We have seen solid interest for extravagance properties particularly from global purchasers principally from the CIS, the UK and different pieces of Europe including France, Germany and Austria.

Among Metropolitans greatest exchanges were two penthouses at the W Residence, Palm Jumeirah, which offered for Dh102 million to a similar purchaser, notwithstanding a Royal Atlantis Garden Villa for Dh44 million, and one in IL Primo Downtown for Dh42 million to an European purchaser.

Destination Atlantis

Assembled and worked by Kerzner, Atlantis The Royal Dubai on the sickle of the Palm highlights 231 condos, 693 lodgings and 102 suites.

News

Motorist alert: Dubai RTA announces weekend road closures on Emirates Road

Published

45 mins ago

May 2, 2025

Michael Gomes

Dubai’s Roads and Transport Authority (RTA) has announced temporary road closures on Friday, February 21, 2025, due to ongoing maintenance and rehabilitation works.

Drivers are also being warned about weekend traffic delays on Emirates Road towards Sharjah. The affected area is between Dubai-Al Ain Road and the Al Amardhi–Al Awir Road intersection.

The delays are expected every weekend from 5:00pm to 8:00pm, and will continue until August 30, 2025.

Motorists are advised to plan their routes in advance and allow extra travel time to avoid getting stuck in traffic. The RTA also encourages road users to stay updated through its official channels for any changes.

News

Tax-free salary, travel and other perks: Emirates is hiring 1,500 flying crew

Published

2 hours ago

May 2, 2025

Michael Gomes

On World Pilots’ Day, Emirates celebrated the strength and dedication of its pilots while announcing major recruitment plans as part of its global growth strategy.

The Dubai-based airline reaffirmed its commitment to hire over 1,500 new pilots in the next two years, expanding its 4,600-strong flight crew team.

As part of this expansion, Emirates is actively seeking experienced aviators across four key programmes: Direct Entry Captains, Accelerated Command, First Officers Type Rated, and First Officers Non-Type Rated.

The airline’s Accelerated Command Programme, which fast-tracks First Officers to Captain roles, is already proving successful. More than 80 pilots are currently on track for the upgrade.

Its global recruitment roadshow is visiting over 40 cities, with upcoming stops in Norway, Finland, and Sweden this May, following recent sessions in Italy.

Pilots joining Emirates will fly one of the world’s youngest and most modern fleets, including the Airbus A380, Boeing 777, and the new A350. With a network covering 148 destinations across six continents, Emirates pilots enjoy some of the most scenic flight routes in the industry, from cityscapes like San Francisco and Sydney to natural wonders like the Himalayas and the aurora borealis.

In addition to tax-free salaries, Emirates offers profit sharing, a world-class provident fund, life and health insurance, and retirement benefits.

Business

Missed your corporate tax? UAE waives penalties for late filers

Published

22 hours ago

May 1, 2025

Michael Gomes

Businesses in the UAE that missed the deadline to register for corporate tax have been given a welcome break. A new decision by the Ministry of Finance (MoF) and the Federal Tax Authority (FTA) waives administrative penalties for those who missed the registration deadline, as long as they meet specific conditions.

To benefit from the waiver, companies must submit their corporate tax returns or annual statements within seven months of their first tax period, in line with the UAE Corporate Tax Law.

Even better, businesses that already paid fines, but now meet the new conditions, will be eligible for refunds, according to the FTA.

This Cabinet-approved move aims to support businesses during the first year of corporate tax implementation, giving them more flexibility to comply with the new rules without facing hefty penalties.

Who’s Eligible?

Companies or exempt entities that missed the registration deadline
Must file their tax return or annual statement within 7 months of their first tax period

Why It Matters

The waiver reflects the UAE’s intention to ease the transition into the new corporate tax regime and encourage businesses to regularise their status without fear of penalties.

(Source: Wam)