Latest news with #Dh350
Gulf Insider
15-05-2025
- Business
- Gulf Insider
Dubai Gold Price Lowest in 30 Days
The Dubai gold rate is now at its lowest level in 30 days at Dh352 for a gram of 22K as the metal sheds more of the unprecedented price increases seen in recent weeks. This was helped by another sharp fall in global billion rates today, with the local rate now lower by Dh8.25 over the last 24 hours. But shoppers in the UAE are still not convinced this would be the right levels to get back in. Instead, many shoppers are casting their eyes to prices seen in March, when there had been days when it was just under Dh340. 'Shoppers have been sitting on the sidelines this week – I don't think even cutting making charges or as some do offering 'no making charges' will bring back demand for now,' said a jewellery retailer. 'The sentiment among shoppers is that the Dubai gold rate can drop even further.' Several times in the last 12 months, gold prices have dropped – and even given the impression that a proper rate correction is on the cards. All that it did was leave shoppers disappointed because within 24-48 hours, prices would rush back to previous high levels – and go further. 'A realistic price for gold would be in the region of $3,000-$3,100 an ounce,' said a gold wholesaler. 'Right now, the level is around $3,150. This is why there are shoppers thinking they are better off waiting.' Jewellery retailers such as Kanz Jewel's Anil Dhanak has always maintained that shoppers will find their own reason to buy gold. And that a rush to buy need not happen at the first sight of a fairly sizable price drop. 'Weddings and anniversaries and any other occasion dictates whether a shopper wants to buy now or later,' said Dhanak. 'If there is no pressing reason, they wait.' If the softer gold price levels continue, shoppers in the UAE can expect a rush of new promotions timed for the pre-summer holiday breaks. 'If these savings can help lower the per gram price by another Dh3-Dh5, then that can help shoppers,' said a retailer. But right now, shoppers' attention is on whether prices can go down to Dh350 a gram levels… Also read: Dubai Named World's 4th Smartest City
25-04-2025
- Business
Harrow UAE Unveils Premium Primary Schooling with Fees Up to Dh100,000
Harrow, one of Britain's most renowned educational institutions, is bringing its prestigious brand to the UAE with two new schools set to open in 2026 — one in Dubai and the other on Saadiyat Island, Abu Dhabi. The launch marks a significant expansion into the Gulf, with each campus backed by Dh350 million in development and a focus on offering a premium, holistic education. Catering initially to students from FS1 to Year 6, the schools will gradually expand to cover all year groups up to age 18. Annual tuition fees will range from Dh80,000 to Dh100,000. The Dubai campus will span 55,000 square metres, while the Saadiyat Island site will cover 70,000 square metres. Each school will eventually accommodate up to 1,800 students. Backed by education provider Taaleem, Harrow UAE promises to go beyond academic excellence by embedding traditional values with modern practices. Students will be assigned personal tutors, engage in super-curricular programmes, and participate in a house system built around values like honour and fellowship. Rebecca Gray, Chief Education Officer at Taaleem, highlighted Harrow's commitment to inclusive and dynamic learning. From small class sizes to a 'games model' ensuring all students participate in team sports, every element is designed to support personal growth. Teacher recruitment is underway, with a strong emphasis on cultural integration and educational excellence. Harrow UAE also aims to connect students with the global Harrow alumni network, which includes figures such as Winston Churchill, Jawaharlal Nehru, and Benedict Cumberbatch. 'There's a remarkable network out there,' said Gray, adding that alumni have already begun engaging with the schools ahead of opening. News Source: Khaleej Times
Khaleej Times
25-04-2025
- Business
- Khaleej Times
Up to Dh100,000 fees: Harrow UAE launches premium schooling for primary years
Two Harrow-branded schools are scheduled to open in the UAE next year, with tuition fees ranging from Dh80,000 to Dh100,000 for students in primary years. With the tagline of 'Tradition Meets Tomorrow,' the schools aim to blend centuries-old traditions with new educational practices and promise more than just prestige. Each Harrow campus – first in a central location in Dubai covering 55,000 square metres, and the other in Saadiyat Island on 70,000 square metres – is set to eventually house around 1,800 students. The schools are categorised as 'super premium'. Starting from FS1 to Year 6, Harrow UAE will begin operations in 2026, expanding gradually to accommodate students aged three to 18. The development cost for each Harrow school will be Dh350 million. 'We're proud to be opening a co-educational school, offering a dynamic and inclusive learning environment. Our ideal class size will range between 18 and 22 students, depending on the grade and subject, ensuring personalised attention and a strong student-teacher relationship,' said Rebecca Gray, Chief Education Officer at Taaleem and a founding member of the team, in an interview with Khaleej Times. The school emphasised that its offering will be holistic and all-encompassing — from super-curricular activities to team teas, prep time, with each student being assigned a personal mentor — all included in the school experience. 'We are not just offering a prestigious name — we are thoughtfully embedding the true ethos of Harrow on the Hill into every aspect of what we do,' they added. 'More than just filling roles' The school is investing heavily in leadership and teaching talent. The Executive Principal — who has been appointed — was selected after an extensive global search. 'We are thrilled. It was important for us that our founding Executive Principal came with the experience of a range of educational establishments globally... someone who understands and appreciates the rigour required.' Teacher recruitment, which is beginning soon, will focus on attracting educators who understand both global best practices and local cultural values. 'It's not just about what you can bring to Harrow, but what Harrow can do for you as an educator,' added Gray. The recruitment of both Arabic and Islamic teachers will be a priority, ensuring cultural integration is not an afterthought but a foundational pillar. Games model Rebecca Gray explained that Harrow UAE will implement its distinctive 'games model' from day one — a move that promises every student access to team sports, regardless of skill level. 'If I'm a female student in Year Four, I will be on the netball courts with all of my fellow peers,' said Gray. 'I might be in the A team or the D team, and that's okay — because even in the D team, I will be given the opportunity to play competitive matches with peers at my level. Everyone gets the chance to participate at a competitive level, be challenged, and grow.' Super-curricular opportunities The school's 'house system' will mirror that of its UK counterpart, embedding Harrow's values of courage, humility, honour, and fellowship into daily student life. Gray pointed out that in bringing this vision to the UAE, the schools would ensure that its students are equipped with the tools to thrive both within and beyond the classroom. Super-curricular opportunities — from societies to orchestras, arts, sports to enterprise — will not be optional extras but integral to the learning experience. 'We want to ensure that the children are given the platform to develop their public speaking skills, put themselves on a stage or engage in discussion that evokes intellectual curiosity despite not choosing the option of GCSE/A Level Theatre Studies. Children will be actively encouraged to involve themselves in opportunities that are outside of their comfort zone. Each child will have a personal tutor, this is something that is an integral part of the ethos of Harrow on the Hill, something that will be a part of Harrow UAE from day one. Essentially, we are supporting individual children to build their own personal profile.' A global alumni vision Notably, the institution, which is one of Britain's most prestigious educational boarding schools, boasts an impressive list of alumni, including several UK prime ministers, such as Winston Churchill in the West, and India's first prime minister, Jawaharlal Nehru, in the East. The school, established in 1572, has produced an array of distinguished figures across diverse fields, including the poet, Lord Byron. Public figures such as actor Benedict Cumberbatch and singer James Blunt also attended Harrow. With one eye on the future, Harrow UAE is also already planning how it will support graduates beyond school gates. 'We've had a number of enthusiastic Harrovians — members of the alumni community currently residing in the region — express a strong desire to be involved with Harrow UAE. We've already had the pleasure of meeting many who are eager to contribute and join our board. There's a remarkable network out there, and we've had individuals offering their expertise even before we've opened our doors,' added Gray.
Express Tribune
16-04-2025
- Business
- Express Tribune
Dubai gold rate hits record high amid global price surge
Listen to article The Dubai gold rate has hit an all-time high of Dh369.50 per gram for 22-karat gold, reflecting a sharp Dh11 increase from the previous day's rate of Dh358.50, according to local market data on Wednesday. This marks the steepest single-day rise in recent memory, as the global gold price also surged by nearly $60 in the last 24 hours, now trading at $3,267 an ounce and approaching the critical $3,300 level. 'There is no such thing as global commodity prices remaining within a certain range over a day,' said a jewellery retailer. 'A change of $10-$50 on an ounce basis is happening every few hours. This is what's being reflected in the Dubai gold rate too.' The last time the Dubai rate saw this level of volatility was earlier this month, when on April 3 it crossed Dh350 for the first time. The lowest rate in the last 30 days was Dh335.25 on March 21, indicating a Dh30 increase since then. 'Shoppers have not seen anything like this – usually price increases or drops are in the range of Dh2-Dh3 from overnight positions. This near Dh11 jump is incredible,' the retailer added. The timing of the spike comes just weeks ahead of the Indian festival of Akshaya Trithiya, observed on April 30 this year, which is traditionally one of the busiest gold-buying occasions in the UAE. 'Sure, there will be Indians buying gold on April 30, 2025 – but we are concerned whether there will be the usual number of shoppers turning up in UAE gold stores this year,' said another jeweller. 'Some have pre-booked to lock prices, but the vast majority were hoping they would get some price break before April 30.' Gold price movements had remained relatively stable earlier in the week, with only a Dh1 rise recorded between Monday and Tuesday. The sudden surge has sparked uncertainty among both shoppers and traders in the region.
Khaleej Times
01-04-2025
- Business
- Khaleej Times
Dubai gold prices at new record high, 22K surges above Dh350 per gram
Gold prices continued to scale new highs in Dubai on Tuesday, as 22K surpassed Dh350 per gram in early trade. The Dubai Jewellery Group data showed 24K opening at Dh379 per gram while 22K was selling at Dh350.75 per gram. Among the other variants, 21K and 18K opened at Dh336.5 and Dh288.25 per gram, respectively. Gold has gained approximately Dh62 per gram in the first three months of 2025. Globally, gold was trading at $3,143.94 per ounce, up 0.83 per cent. It ended the first quarter of 2025 with nearly 20 per cent. Linh Tran, market analyst at said this growth is supported by an ideal environment, including concerns over US government tariff measures, global geopolitical instability, expectations of Federal Reserve interest rate cuts, and strong central bank demand. 'These are all factors driving capital flows into gold as a safe-haven asset, helping the precious metal maintain strong momentum throughout the first quarter. As a defensive asset against risks, gold has risen nearly 20 per cent in Q1 2025, recording the largest quarterly increase in nearly 40 years,' said Tran. She elaborated that financial market volatility, especially investors' risk aversion to uncertainties, has made gold the preferred choice.
