Are you struggling with overdue service fees on your Dubai property? Good news. The Dubai Land Department (DLD) has just launched ‘Tayseer’, a new initiative that allows property owners to pay off their outstanding service fees in easy instalments — with a minimum six-month flexible plan.

What is Tayseer

Under Tayseer, property owners can now split their overdue service fee payments into flexible plans of at least six months — a move designed to ease financial stress and boost stability in Dubai’s thriving real estate sector.

This initiative is part of Dubai’s ‘Year of the Community – Together, Hand in Hand’, reinforcing cooperation, sustainability, and financial well-being in the emirate.

How It Works

• Owners can register for Tayseer through their JOP management companies
• Minimum six-month flexible payment plans
• No enforcement action will be taken while payments are made
• 19 property management companies are already on board

Why This Matters

• Prevents legal disputes over unpaid service fees
• Improves financial stability for property owners
• StrengthensDubai’s real estate market by ensuring smooth transactions

A Game-Changer for Dubai’s Real Estate

Mohammed Ali Al Badwawi, Acting CEO of RERA, emphasised that Tayseer ensures that property owners can meet their obligations without pressure.

“This initiative aligns with our vision of delivering proactive, customer-centric services that build trust and balance economic and social priorities,” he said.

Want to Apply? Here’s How

Property owners should contact their management companies to register before the two-month deadline. More companies are encouraged to join, making Dubai’s real estate market stronger and more sustainable than ever!

For the full list of participating companies, visit the Dubai Land Department’s official website.

(Source: Zawya)

Are you dreaming of a special getaway for Eid Al Fitr? If so, it’s time to start planning. With travel demand soaring, flights to popular destinations are filling up fast, and prices are on the rise. But don’t worry — we’ve got all the details to help you make the most of your holiday without breaking the bank.

How long is Eid Al Fitr break in UAE

The Ministry of Human Resources and Emiratisation (MoHRE) has officially announced that private sector employees in the UAE will receive paid holidays for Eid Al Fitr starting Sunday, March 30, 2025, and extending through Tuesday, April 1, 2025. If Ramadan extends to 30 days, the holiday will include Wednesday, April 2, 2025, as well.

The exact end date of Ramadan, and the final day of the Eid Al Fitr holiday, depends on the sighting of the moon, which determines whether Ramadan lasts 29 or 30 days.

Why Are Airfares So High?

This year, ticket prices to top destinations such as India, the UK, the US, and Europe have jumped by 30-50 per cent, and experts predict they will stay high until the end of August. There are a variety of reasons. A mix of high demand during Eid, upcoming school vacations, fewer available flights, and delays in aircraft deliveries worldwide.

Business + Leisure = Price Hikes

During Ramadan, business travel usually slows down by about 30 per cent, but as the fasting period ends, many professionals plan to mix work trips with family vacations. This trend is adding even more demand for flights, keeping ticket prices elevated.

Good News for Travellers

Some airlines are working hard to add more flights and new routes, which should help bring prices down gradually. For example, while an economy-class ticket from Dubai to New York currently costs between Dh6,850 and Dh8,850, prices are expected to drop to Dh3,030 by September. Likewise, flights to London may decrease from school vacations. It would be wise to postpone your dream destination holiday during the Eid Al Fitr break and plan for a later date. It would make better financial sense.

How Much Are Tickets Right Now?

If you’re travelling between March 31 and April 10, here’s what you can expect to pay for a round-trip (until offers are valid):

• Rome, Italy: Dh3,800 – Dh4,800
• Zurich, Switzerland: Dh4,000 – Dh5,000
• Bangkok, Thailand: Dh2,500 – Dh3,500
• Delhi, India: Dh1,200 – Dh1,500
• Mumbai, India: Dh1,100 – Dh1,400
• Kochi, India: Dh1,000 – Dh1,300
• Tbilisi, Georgia: Dh1,800 – Dh2,200
• Yerevan, Armenia: Dh1,700 – Dh2,100

Why Are Flights Limited?

A major reason behind the flight shortage is delays in new aircraft deliveries. Airlines worldwide are facing a backlog of 17,000 aircraft orders, and at the current pace, it may take 14 years to catch up.

Book Early & Save!

If you’re eager to explore new destinations, reunite with family, or simply unwind on a beautiful beach, booking your flights early is the best way to save money. As airlines gradually increase the frequency of flights, prices will start to ease. Also, keep an eye out for special deals and discounts on travel.

(Source: www.travelandtourworld.com)

The Central Bank of the UAE (CBUAE) has announced that it will keep the Base Rate for the Overnight Deposit Facility (ODF) steady at 4.40%, following the US Federal Reserve’s decision to leave its Interest Rate on Reserve Balances (IORB) unchanged. This move aligns the UAE’s monetary policy with the US, given the dirham’s peg to the US dollar.

In addition, the CBUAE confirmed that the interest rate for short-term liquidity borrowing through its standing credit facilities will remain 50 basis points above the Base Rate. This ensures stability in the UAE’s financial markets and helps maintain liquidity conditions.

Monetary Policy Impact

The Base Rate, which is linked to the US Federal Reserve’s IORB, serves as a key benchmark for overnight money market interest rates in the UAE. By maintaining its current stance, the CBUAE signals a commitment to monetary stability, supporting economic confidence while keeping inflation in check.

Why It Matters

With the global economy facing uncertainty, central banks worldwide are carefully adjusting their policies. The UAE’s decision to hold rates steady provides businesses and investors with clarity, ensuring a predictable financial environment. Additionally, the move reflects the UAE’s strong economic fundamentals, as the country continues to attract foreign investment and maintain steady growth.

(Source: Wam)