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New Straits Times
5 days ago
- New Straits Times
Bukit Aman: Reduction in Mujamalah visas may see rise in fraudulent haj packages
KUALA LUMPUR: Federal police in Bukit Aman anticipate a surge in fraudulent Haj packages following the government's move to tighten the issuance of Mujamalah visas this season. Commercial Crime Investigation Department Acting Director Datuk Muhammad Hasbullah Ali said his department had received one report related to the scam, resulting in a loss of RM71,000. "This year, the government has reduced the issuance of Mujamalah visas for Malaysians to perform haj. The issuance of permits has subsequently become very strict. "However, we believe that due to this situation, there will be attempts by scammers to offer packages to deceive victims. "This haj season, a victim who wanted to perform the haj filed a report after being cheated," he told reporters here today. Hasbullah said that although the number of victims was decreasing, the number of fraudulent offers for such haj packages was on the rise. In 2023, a total of 11 cases of haj package fraud were recorded, with total losses reaching RM649,631. "Although the number of cases decreased to only four in 2024, the losses were reported to have increased significantly to RM874,100," he said. He said that starting in 2024, a special task force to address the issue of stranded haj pilgrims was established to coordinate investigations, manage documentation, and arrest individuals or company owners suspected of being involved in offering fake haj packages. He said that this effort was carried out with the collaboration of the Ministry of Tourism, Arts and Culture and Lembaga Tabung Haji. He advised the public to be careful with the offers by checking the registration status of the company or agent.
What's On
14-02-2025
- Business
- What's On
Some of Dubai's most expensive beach houses and private islands
When 'ocean views' isn't enough, so you buy the whole beach… Dubai doesn't do anything halfway, and its beachfront real estate is no exception. Forget crowded shores and skyline views from a distance – some people are waking up with the beach as their backyard, private infinity pools blending into the sea, and a yacht parked out front like it's no big deal. From Palm Jumeirah's mega-mansions to entire private islands on The World Islands, this is where luxury gets its own postcode. And let's be honest – if anywhere was going to take oceanfront living to extremes, it was always going to be Dubai. Here are some of Dubai's most expensive beach houses and private islands. The World Islands View this post on Instagram A post shared by World Islands Dubai (@worldislandsdubai) Dubai's World Islands, a mind-blowing collection of man-made islands shaped to represent the continents, stand as a symbol of innovation and exclusivity. Within this one-of-a-kind cluster, a handful of islands have transformed into sought-after retreats, each offering its own distinct vibe and allure. For those interested in exploring property options within the World Islands, some listings may be available on different real estate platforms – offering a range of properties from studios to luxury villas. The average price per square foot in the World Islands is approximately Dhs3,631, with an average property price around Dhs5.2 million. Lebanon Island View this post on Instagram A post shared by The Island Dubai (@the_island_beachclub) As the first island to open to the public, Lebanon Island features two pristine beaches, a swimming pool, a beach volleyball court, and the renowned Toro Blanco restaurant. Day visits are available, providing access to these amenities and stunning views. While specific details on property availability for sale or rent are limited, the island's offerings make it a compelling choice for those seeking a next-level lifestyle in Dubai. The Heart of Europe View this post on Instagram A post shared by World Islands Dubai (@worldislandsdubai) This development within the World Islands features a collection of islands, including Sweden Island, and offers a range of luxury accommodations and amenities. Properties here are designed to provide a truly one-of-a-kind lifestyle, combining modern luxury with the charm of European-inspired architecture. Sweden Beach Palace, Sweden Island View this post on Instagram A post shared by World Islands Dubai (@worldislandsdubai) Rumor has it that Sweden Beach Palace, located on Sweden Island within The World Islands, was on the market for AED 125 million. With limited details available, this ultra-exclusive property remains as elusive as it is extravagant, adding to the mystique of Dubai's most ambitious offshore development. Amali Island Amali Island, located within Dubai's World Islands, offers a collection of ultra-luxury beachfront villas developed by Amali Properties, a subsidiary of DAMAC Properties. These 5-7 bedroom villas are designed by leading architects and feature stunning 360-degree views of the sea, Dubai's skyline, and Palm Jumeirah. With private beach access and dedicated berths, Amali Island provides residents with a serene and exclusive lifestyle. Spanning over 670,000 square feet, the island features world-class amenities including a private marina, water sports facilities, and a floating helipad. With only 24 villas available, Amali Island is all about next-level luxury living. Amali Island, Amali Properties. Palm Jumeirah The Orla Apartment The Orla Apartment at Palm Jumeirah is a true statement of luxury, with 4 bedrooms, 5 bathrooms, and an expansive 7,309 sqm of space, all for Dhs58,000,000. With panoramic sea views and top-tier design by the renowned Foster & Partners, this home brings together the finest elements of natural beauty and modern luxury. Managed by the prestigious Dorchester Collection, it offers an unrivaled living experience with amenities like a private beach, beach club, cinema, family pools, spa, and even a bowling alley. Dubai Sotheby's International Reality, EMAAR Business Park. Casa Del Sole View this post on Instagram A post shared by SAOTA (@_saota) Casa Del Sole, a grand villa on Palm Jumeirah by Alpago Properties, sold for Dhs302.5 million in 2022. The villa spans four levels, offering eight bedrooms, an infinity pool, a private cinema, and a wellness centre. Its location on Palm Jumeirah's billionaire's row offers direct beach access and spectacular views. Palm Jumeirah Frond G View this post on Instagram A post shared by LUXURY MANSION (@luxurymansionrealestate) A villa on Palm Jumeirah's Frond G sold for Dhs300 million in 2022, ranking as one of the largest property transactions in the city. The residence features luxury interiors, advanced amenities, and direct access to a private beach. Palm Jebel Ali This seven-bedroom villa on Palm Jebel Ali offers a contemporary design with expansive living spaces and floor-to-ceiling glass windows, providing uninterrupted views of the surrounding landscape. The open-plan layout connects indoor and outdoor spaces, while the modern kitchen is thoughtfully designed with ample storage and workspace. The villa features a private beach, a spacious deck, and a swimming pool, creating an ideal waterfront retreat. Palm Jebel Ali, a highly anticipated addition to Dubai's coastline, is set to offer world-class amenities, including luxury resorts, fine dining, and high-end retail, all while maintaining convenient access to key areas like Uptown Dubai and Dubai South. Dubai Sotheby's International Reality, EMAAR Business Park. Also read: 8 UAE space based mega projects that will change the world Images: Websites/Instagram
Express Tribune
13-02-2025
- Business
- Express Tribune
Gold prices sees sharp rise in local, international markets
Listen to article Gold prices experienced a significant rise on Thursday rebounding strongly after a slight dip the previous day. Globally, the price of gold also saw an upward trend in the international bullion market, with the per ounce rate rising by $25, reaching $2,913. According to the Sarafa Association, the price of per tola gold surged by Rs2,500, reaching Rs304,000, while the price of 10 grams increased by Rs2,144, bringing it to Rs260,631 in the local market. In addition to gold, silver prices in Pakistan also experienced a rise. The per tola rate increased by Rs55 to reach Rs3,367, while the price of 10 grams went up by Rs47, standing at Rs2,886. Gold rose on Thursday, supported by a weaker U.S. dollar and growing worries over U.S. President Donald Trump's tariff plans, which could heighten global trade tensions, while investors eyed another set of inflation data. Spot gold added 0.3% to $2,913.38 per ounce as of 0935 GMT, moving back towards its record peak of $2,942.70 hit on Tuesday. U.S. gold futures firmed 0.4% to $2,940.90. A line chart titled "Spot gold price in USD per oz" that tracks the metric over time. On Wednesday, gold prices fell more than 1% after stronger-than-expected US consumer price index for January, but rebounded later as ongoing trade war uncertainties kept the safe-haven metal's demand intact. Trump announced plans to impose reciprocal tariffs on countries that levy duties on US imports, expected Wednesday or Thursday. "Trump is unpredictable and, as long as uncertainty remains in the market, gold will continue to receive support," said Ajay Kedia, director at Kedia Commodities, Mumbai. "Overall, the dollar index is currently under pressure, which has been supportive for gold." The dollar index fell 0.2%, making greenback-priced gold less expensive for foreign buyers. Investors are now focussed on the U.S. Producer Price Index (PPI) data due at 1330 GMT, followed by Friday's retail sales report, for further economic clues. Meanwhile, Federal Reserve Chair Jerome Powell, at his second congressional hearing this week, reiterated that the central bank was in no rush to cut interest rates. "Market is convinced that there is very limited room for the Fed to ease; Fed funds futures trimmed rate cut expectation to 29bps for this year, with the chance of a 25bp cut priced at 78% by September and at 94% by October," OCBC analysts said. Wall Street's main index is closed mostly lower on Wednesday,00:0301:46 Bullion is seen as a hedge against inflation and economic uncertainties, but higher interest rates tarnish the non-yielding asset's allure. ANZ expects gold to touch a record high of $3,000 per ounce in 2025. Spot silver was steady at $32.23 per ounce and platinum was flat at $991.65. Palladium firmed 0.5% to $978.46.
