Hotels in Dubai have reaped the rewards of the return of the iconic New Year’s firework display at the Burj Khalifa – charging customers more than double for rooms.
Last year’s event at the world’s tallest building took the form of a lazer show, but a return to traditional fireworks this year has seen a surge in reservations.
Hotels close to the Burj Khalifa have revealed a dramatic boost to occupancy rates, with many all sold out for New Year’s Eve.
“When it was announced that the fireworks display was coming back this year it caused a huge surge in bookings,” said David Allan, general manager of the Radisson Blu Hotel Dubai Canal Waterfront.
“Occupancy is very strong this year and we’re seeing a lot of international visitors for New Year’s Eve, especially from Saudi Arabia.”
New Year’s Eve is one of the busiest nights of the year for hotels in Dubai and many properties raise their rates for the night to take advantage.
Mr Allan’s hotel was sold out for New Year’s Eve, with a standard room for two adults going for Dh2,700. On New Year’s Day the same room would cost around Dh1,170, according to Booking.com.
Meanwhile a standard room at the Address Boulevard for two adults cost Dh7,200 for New Year’s Eve. To book the same room 24 hours later would mean spending Dh3,600.
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Similarly, the nearby Steigenberger Hotel in Business Bay is charging Dh3,000 for a standard room on New Year’s Eve compared to Dh1,200 the next day.
But it was not just hotels around the Burj Khalifa that have increased their prices for the start of 2019.
The Waldorf Astoria Dubai Palm Jumeirah was charging Dh4,900 to Dh5,000 plus taxes for a New Year’s Eve stay.
Another trend that emerged this year was people leaving it right to the last moment to book their hotel rooms.
“We noticed a lot of people leaving it to the last minute to book for New Year’s Eve,” said Caroline Rowe, director of marketing at Dubai’s Media One Hotel.
She said the heavy traffic that was synonymous with New Year’s Eve in Dubai would also work to the advantage of hoteliers.
Many Dubai residents were choosing nightlife options that were close to home in order to keep costs down, according to Ms Rowe.
“People are choosing to go to hotels that are more local to them this year,” she said.
“That’s because they don’t want to get stuck in the heavy traffic and increased cost of taxis on New Year’s Eve.”
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UAE squad
Ali Kashief, Salem Rashid, Khalifa Al Hammadi, Khalfan Mubarak, Ali Mabkhout, Omar Abdelrahman, Mohammed Al Attas (Al Jazira), Mohmmed Al Shamsi, Hamdan Al Kamali, Mohammad Barghash, Khalil Al Hammadi (Al Wahda), Khalid Eisa, Mohammed Shakir, Ahmed Barman, Bandar Al Ahbabi (Al Ain), Adel Al Hosani, Al Hassan Saleh, Majid Suroor (Sharjah), Waleed Abbas, Ismail Al Hammadi, Ahmed Khalil (Shabab Al Ahli Dubai) Habib Fardan, Tariq Ahmed, Mohammed Al Akbari (Al Nasr), Ali Saleh, Ali Salmeen (Al Wasl), Hassan Al Mahrami (Baniyas)
Citizenship-by-investment programmes
United Kingdom
The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).
All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.
The Caribbean
Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport.
Portugal
The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.
“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.
Greece
The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.
Spain
The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.
Cyprus
Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.
Malta
The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.
The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.
Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.
Egypt
A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.
Source: Citizenship Invest and Aqua Properties
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
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2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, (Leon banned).
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
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Killing of Qassem Suleimani
