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Gold prices bounce back above Dh400 in Dubai after sharp drop

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Gold prices in Dubai opened above Dh400 per gram on Thursday, bouncing back after falling by more than Dh20 earlier in the week.

Here’s how much different types of gold were selling for on Thursday morning:

  • 24K: Dh400.50 per gram
  • 22K: Dh371 per gram
  • 21K: Dh355.75 per gram
  • 18K: Dh305 per gram

This follows a rollercoaster week where gold briefly hit a record high of Dh420 per gram on Tuesday before dropping sharply.

What’s Happening Globally?

Globally, gold was trading at $3,327 per ounce, up by 1.27%. Prices had soared earlier due to economic uncertainty and global tensions, but dipped after former US President Donald Trump said he wouldn’t replace Federal Reserve chair Jerome Powell.

What’s Next for Gold?

Despite the recent ups and downs, experts still expect prices to rise. JP Morgan predicts that gold could hit $4,000 per ounce by mid-2026, driven by geopolitical tensions, global trade issues, and central banks increasing their gold reserves. They estimate the metal will average $3,675 per ounce by the end of this year.

Jewellery Demand Drops

While prices are up, demand for gold jewellery has slowed as shoppers hold off on big purchases. On the other hand, many residents are choosing to sell their gold to cash in on the high prices.

With over 35 years of experience in journalism, copywriting, and PR, Michael Gomes is a seasoned media professional deeply rooted in the UAE’s print and digital landscape.

Business

Dubai announces a Dh1 billion boost: Here’s how it could change your job, business, and daily life

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Big changes are coming to Dubai, and they could directly affect your wallet, job opportunities, and even living conditions.

At a key meeting led by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, the Executive Council of Dubai approved a range of major initiatives aimed at supporting residents, businesses, and workers across the emirate.

Boost for businesses and residents

Dubai is rolling out a Dh1 billion support package starting April 2026. The goal? To ease financial pressure.

What does that mean in real life:

  • Businesses can delay paying some government fees
  • Hotels get more time to pay tourism-related charges
  • Companies get longer deadlines for customs payments
  • Residency processes will be made simpler

Dubai’s economy is still growing strong

Dubai’s economy grew by 5.4% in 2025, showing steady progress. Officials have also updated how this growth is measured to give a clearer, more accurate picture of the economy.

Easier trade, especially for high-value goods

A new initiative by Dubai Customs will make it much easier to bring goods—especially expensive items like artwork—into Dubai.

  • No customs duties on certain art imports
  • Fewer restrictions and faster processes
  • High-tech tracking systems

This move is aimed at attracting global investors and collectors.

More support for local families

The new Dubai Empowerment Strategy, led by Community Development Authority, focuses on:

  • Creating job opportunities
  • Supporting small businesses and home ventures
  • Improving financial stability for families

Better living conditions for workers

A new plan will improve worker housing across Dubai:

  • 100% access to essential services by 2033
  • Strict health and safety standards for accommodations


Whether you’re an employee, business owner, or investor, these changes are designed to make life easier, boost opportunities, and keep Dubai’s growth on track.

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Business

UAE fuel prices surge for April: What the rise means for motorists and residents

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Fuel prices in the UAE have jumped sharply for April 2026, leaving drivers to rethink how they commute and manage daily expenses. Here’s a clear breakdown of what’s happening and how it affects you:

How big is the increase?

The latest revision by the UAE Fuel Price Committee marks one of the steepest monthly hikes in recent years:

  • Petrol prices are up 31% to 34%
  • Diesel has surged by over 72%

New rates (from April 1, 2026):

  • Super 98: Dh3.39/litre (up from Dh2.59)
  • Special 95: Dh3.28/litre (up from Dh2.48)
  • E-Plus: Dh3.20/litre (up from Dh2.40)
  • Diesel: Dh4.69/litre (up from Dh2.72)

Why are prices rising?

Fuel prices in the UAE have been deregulated since 2015, meaning they follow global oil markets rather than being fixed. Global oil prices have been rising ever since the war broke out on February 28.

  • Prices are adjusted monthly
  • Based on international crude and refined fuel costs
  • Benchmarks like Murban crude oil play a role

When global oil prices climb, local fuel costs follow.

How will motorists be affected?

Drivers are already preparing to adapt in several ways:

1. Higher daily commuting costs
Filling up a tank will now cost significantly more, especially for frequent drivers.

2. Changes in travel habits
Many motorists may:

  • Cut down on unnecessary trips
  • Combine errands
  • Plan routes more efficiently
  • Opt for EVs

3. Shift to alternatives
Expect a rise in:

  • Public transport use
  • Carpooling or ride-sharing
  • Remote work requests where possible

4. Increased cost of living
Higher diesel prices will push up:

  • Taxi fares
  • Home delivery charges
  • Goods transportation costs
  • Ride-hailing fares

This isn’t just about fuel pumps. The ripple effects will likely be felt across the economy, from groceries to logistics, as businesses pass on increased transport costs to consumers. The April fuel hike is a direct reflection of global oil trends, but for UAE motorists, it means immediate lifestyle adjustments and tighter monthly budgets.

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What Abu Dhabi’s new real estate rules mean for buyers, developers and investors

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Abu Dhabi has introduced a new set of regulations through the Department of Municipalities and Transport (DMT) to strengthen oversight of the property market and protect investor interests. Here’s a simple breakdown of what’s changing and why it matters.

What are these new decisions about?

The rules are part of updates to the emirate’s real estate law and aim to:

  • Improve transparency
  • Protect buyers’ money
  • Reduce disputes
  • Create a more investor-friendly market

They are being implemented with oversight from the Abu Dhabi Real Estate Centre.

Stricter rules for escrow accounts

Developers often use escrow accounts to fund construction.

What’s new?

  • Withdrawals before 20% project completion are now tightly regulated
  • Developers must provide bank guarantees and approved cost plans

Why it matters:
This ensures buyers’ money is not misused and projects stay financially secure.

Clearer rules for jointly owned properties

This applies to buildings, communities, and shared facilities.

What’s new?

  • Defined roles for owners, developers, and property managers
  • Standardised management of common areas

Why it matters:
Better maintenance, fewer disputes, and clearer accountability.

Owners’ committees get a unified framework

Owners’ committees help manage residential communities.

What’s new?

  • Standard bylaws across Abu Dhabi
  • Clear rules on how committees are formed and operate

Why it matters:
More organised community management and stronger owner participation.

Compensation and refunds made clearer

Covers situations where:

  • Buyers default on payments
  • Projects are cancelled and units resold

What’s new?

  • Defined compensation percentages for developers
  • Clear timelines and procedures for buyer refunds

Why it matters:
Creates a fair balance between developers and buyers while speeding up dispute resolution.

These changes aim to:

  • Boost investor confidence
  • Strengthen market transparency
  • Align Abu Dhabi with global real estate standards

In short, the new framework is designed to make the property market safer, clearer, and more efficient for everyone involved, from first-time buyers to large-scale investors.

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