Citizens from the UAE, Saudi Arabia, India and 30 more countries around the world will soon find it easier to visit Iran after it scrapped visa requirements for visitors coming in to the country.
Meanwhile a UAE company has announced it will offer a new five-year visa package for business investors in the country and the country heard news of a first brewery to open in the emirates.
Real estate made headlines throughout the week, with trends for property rental, investment opportunities and even celebrity house-hunters in the news.
In Dubai a popular beach was suddenly closed down and a popular reality TV series came back to our screens.
It has been a busy week in the Middle East, catch up with 10 of the biggest stories this week as selected by Arabian Business editors.
Iran cancels visa requirements for UAE, Saudi, Kuwait, Qatar, India and 28 other countries
Citizens of Gulf countries including the UAE, Saudi Arabia and Kuwait will be able to visit Iran without a visa. Citizens of India, Brazil and Indonesia will also be able to visit the country without needing a visa.
Minister of Cultural Heritage, Tourism, and Handicrafts Ezzatollah Zarghami has said the Iranian Cabinet has decided to unilaterally cancel visa requirements for visitors from 33 more countries, according to the state-run news agency IRNA.
Abu Dhabi to open UAE’s first brewery on Al Maryah Island
Abu Dhabi updated its alcohol licensing regulations in 2021 to allow licence holders to brew beverages on-site for consumption in licensed venues, according to Bloomberg. This paved the way for Craft by Side Hustle to launch as the region’s inaugural brewery operation.
Located in the vibrant F&B district of Al Maryah Island, the 250-seater brewery aims to produce unique craft beers using artisanal methods. Side Hustle will use global brewing influences and pair drinks with Southern Louisiana-inspired cuisine.
Dubai Bling Season 2 Review: Even fake lifestyles and rented cars can’t save the cast
Dubai Bling has returned to Netflix complete with a AED527-a-night-hotel, a cast of so-called millionaires and influencers and more drama.
Will the cast of Dubai stars navigate the business and social world of the UAE in the new series?
And, more importantly, does anybody care?
Revealed: Dubai rent skyrockets, driving demand for shared accommodation among UAE expats
The trend is also fuelled by the globally growing popularity of co-habitation among students, digital nomads and work-relocated expats amid the surge in the shared economy, with services such as transportation, financial, food, healthcare, knowledge education and task service increasingly booming on a shared basis, estimated to have hit $150bn worldwide in 2022.
The ever increasing new resident arrivals is also contributing to the spike in demand for shared spaces in Dubai, the UAE and across the Middle East region, with the region’s market size for shared accommodation services currently estimated at about $130m, said the study by Colife, a global rental service for stylish apartments.
Dubai’s ‘Secret Beach’ shuts down temporarily
Dubbed the “Black Palace Beach” or “Secret Beach” due to its hidden location between the iconic Burj Al Arab and Palm Jumeirah, the beach has long been a hotspot for both residents and tourists.
While not immediately apparent due to obscured entrance paths shaded by trees, the popular sandy strip’s reputation for offering a hidden oasis during the evenings has long drawn in large crowds on weekends.
UAE ‘silver visa’: Virtuzone offers 5-year trade licence and visa package
Dubbed a “silver visa” the start-up offer is available at a fraction of the price of golden visas, which can require significant financial investments.
UAE business-support specialist Virtuzone has introduced a market-first five-year residence visa and five-year trade licence package, offering entrepreneurs and businesses a ground-breaking business setup solution that offers long-term security, enhanced value, and increased savings.
Dubai apartments, villas, townhouses: Which property type is the best investment?
In Dubai, historically apartments tend to offer the best return on investment due to their lower cost of entry and higher market demand,” Madhav Dhar, COO and founding member of ZāZEN Properties said in an exclusive interview with Arabian Business.
To further elaborate, Ainsley Duncombe, Founder of Off-Market Listing (OML) Dubai said, “Apartments, particularly in well-connected and popular areas like Downtown Dubai, Dubai Marina, and Jumeirah Beach Residence, have historically offered good returns due to high demand from both residents and investors.”
EXCLUSIVE: Kanye West in talks to buy Dubai real estate
Kanye West is in talks to buy property in Dubai, a real estate agent revealed to Arabian Business
The US rapper was spotted dining with real estate agent Marcel Remus in Dubai earlier this month, with much speculation on whether Kanye West will buy property in the UAE.
Remus, who runs the high-end brokerage Marcel Remus Real Estate, has now confirmed that West is considering making a purchase.
Dubai travel: How to get an airline upgrade to business, first class
There are ways through which passengers can secure an airline upgrade during their travel, this is subject to several factors including availability, season, staff and more.
Numerous tips and tricks that can be applied to secure the coveted upgrade.
Dubai real estate 2024 forecasts: Ultra-luxury homes, crypto property purchases, AI-powered investment and sustainable developments
The Dubai real estate firm has published a comprehensive forecast for the city real estate sector in 2024.
As the real estate landscape undergoes rapid transformations globally, the company predicts significant shifts and trends that will define Dubai’s property sector in the coming year.
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