Palm Jumeirah, Dubai. When he moved to the Dubai and it became possible to buy residential property, Peter Cooper says he was one of the emirate's early investors. Courtesy Nakheel
Palm Jumeirah, Dubai. When he moved to the Dubai and it became possible to buy residential property, Peter Cooper says he was one of the emirate's early investors. Courtesy Nakheel
Palm Jumeirah, Dubai. When he moved to the Dubai and it became possible to buy residential property, Peter Cooper says he was one of the emirate's early investors. Courtesy Nakheel
Palm Jumeirah, Dubai. When he moved to the Dubai and it became possible to buy residential property, Peter Cooper says he was one of the emirate's early investors. Courtesy Nakheel

People over 60 years old can now visit The Pointe in Dubai, as well as JBR


Janice Rodrigues
  • English
  • Arabic

Those aged 60 and above now have a new outdoor location in Dubai they can visit to soak up some sunlight and get a spot of fresh air. The Pointe, a relatively new development on Palm Jumeirah, has announced that it is open to the city's older residents.

The destination is also open to children of all age groups and, this week, it confirmed it's pet-friendly, too. A sign will be put up soon announcing the changes, making it a top family-friendly location.

This means those of all age groups (and their furry friends) can stop by for a stroll along the promenade, views of Atlantis, The Palm or a bite to eat. Restaurants such as Bareburger, Seafood Kitchen, Argentina Grill, Per Te and Kyo at the beachfront destination are currently open to all.

This falls in line with the gradual ease of restrictions across the emirate.

At the moment, those over the age of 60 and under the age of 12 are prohibited from entering malls, co-operative societies, supermarkets and retail stores located outside shopping centres.

However, restaurants outside malls, as well as a number of outdoor neighbourhoods, are allowing children and older residents of all ages to enter. This includes The Walk at Jumeirah Beach Residences.

Jumeirah Beach Residence, Dubai. Chris Whiteoak / The National
Jumeirah Beach Residence, Dubai. Chris Whiteoak / The National

Social-distancing guidelines must continue to be followed by everyone and wearing face masks is a must.

Since many destinations and restaurants still have age-related restrictions, however, it is best to call individual venues directly and confirm you will be allowed to enter before venturing out.

COMPANY%20PROFILE
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Financial considerations before buying a property

Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.

“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says. 

Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.

Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier. 

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Mubadala World Tennis Championship 2018 schedule

Thursday December 27

Men's quarter-finals

Kevin Anderson v Hyeon Chung 4pm

Dominic Thiem v Karen Khachanov 6pm

Women's exhibition

Serena Williams v Venus Williams 8pm

Friday December 28

5th place play-off 3pm

Men's semi-finals

Rafael Nadal v Anderson/Chung 5pm

Novak Djokovic v Thiem/Khachanov 7pm

Saturday December 29

3rd place play-off 5pm

Men's final 7pm

The specs

Engine: 1.6-litre 4-cyl turbo

Power: 217hp at 5,750rpm

Torque: 300Nm at 1,900rpm

Transmission: eight-speed auto

Price: from Dh130,000

On sale: now

Key Points
  • Protests against President Omar Al Bashir enter their sixth day
  • Reports of President Bashir's resignation and arrests of senior government officials
COMPANY PROFILE
Name: Akeed

Based: Muscat

Launch year: 2018

Number of employees: 40

Sector: Online food delivery

Funding: Raised $3.2m since inception 

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Opening day UAE Premiership fixtures, Friday, September 22:

  • Dubai Sports City Eagles v Dubai Exiles
  • Dubai Hurricanes v Abu Dhabi Saracens
  • Jebel Ali Dragons v Abu Dhabi Harlequins
Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

The Penguin

Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz

Creator: Lauren LeFranc

Rating: 4/5

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet

Nancy 9 (Hassa Beek)

Nancy Ajram

(In2Musica)