Latest news with #Dh37
Time of India
06-07-2025
- Business
- Time of India
Where to find affordable housing and studio rentals in UAE 2025: Best picks for bachelors, newcomers
In 2025, bachelors and newcomers can find studio rentals in the UAE ranging from Dh20,000 to Dh40,000 annually in key affordable areas./ Image composite: Property Finder, Marketplace With its ever-growing appeal to young professionals, job seekers, and first-time expatriates, Dubai continues to experience a surge in demand for affordable living options. In particular, bachelor-friendly studio apartments have become a top choice, offering newcomers a cost-effective way to settle in the UAE's bustling metropolis. However, with rental regulations tightening, especially on illegal partitioned spaces, finding affordable yet legal housing is becoming a challenge. Experts from Damac Properties and Keycraft Real Estate recently shared their perspectives on where to find affordable housing in Dubai and its neighboring emirates, such as Sharjah and Ajman. These insights will help those new to the UAE and budget-conscious individuals navigate their options in 2025. Key Affordable Studio Rentals in the UAE: What You Need to Know As rental prices continue to climb in Dubai, the search for budget-friendly housing can feel overwhelming. In a conversation with Gulf News, two industry experts, Roel Lacuesta, General Manager at Keycraft Real Estate, and Zaid Hamed El Khatib, Executive of Business Development at Damac Properties, shared their insights on affordable studio rentals for bachelors and newcomers in 2025. Lacuesta explained that studio apartments in Dubai generally range from Dh28,000 to Dh37,000 annually, offering a reasonable entry point for those looking to start fresh or job-hunt in the city. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why seniors are rushing to get this Internet box – here's why! Techno Mag Learn More Undo Meanwhile, El Khatib noted that studios in more budget-friendly areas typically range from Dh20,000 to Dh40,000 per year. These areas offer a mix of affordability, accessibility, and livability, making them attractive to young professionals and first-time renters. Lacuesta also emphasized that, with Dubai continuing to attract young professionals, it's essential to choose neighborhoods that offer both budget-friendly rents and good connectivity to the city. Some of the most popular and cost-effective areas for studio rentals include: International City: Dh26,000 – Dh36,000 – Known for its diversity and affordability. Deira: Dh20,000 – Dh35,000 – Offers central location and vibrant cultural experiences. Al Warsan & Al Warqaa: Dh22,000 – Dh32,000 – Quieter, emerging areas with affordable studio options. Dubai Sports City: Dh24,000 – Dh35,000 – Popular with students and active professionals. Dubai Silicon Oasis (DSO): Dh28,000 – Dh45,000 – A tech hub offering modern infrastructure. Al Nahda, Al Qusais & Bur Dubai: Dh32,000 – Dh40,000 – Well-connected areas with central access. Even in more premium neighborhoods like Damac Hills 1 and Jumeirah Village Circle (JVC), where amenities are more luxurious, studios still remain relatively accessible at about Dh50,000 annually. The Importance of Location and Public Transport Accessibility Location plays a crucial role when selecting affordable housing. Lacuesta emphasizes that proximity to public transport is one of the most important factors for budget-conscious renters. 'Affordable options for bachelors and job seekers tend to be in older or outer communities, where rents are lower. However, access to public transport is still essential. Living near a Metro or bus station can make a significant difference in convenience and reduce commuting costs,' said Lacuesta. He highlights the following neighborhoods for their excellent transport connectivity: Dubai : International City – Affordable, with good bus access. Al Qusais – Close to the Metro, older buildings with lower rents. Muhaisnah (Sonapur) – Very affordable, with many labor accommodations. Satwa, Deira, Al Rigga – Central locations offering shared accommodations. Sharjah : Al Nahda, Al Majaz, Rolla, Al Qasimia – Popular with newcomers commuting to Dubai. Ajman : Al Nuaimiya, Rashidiya, Al Jurf – Some of the cheapest rents in the UAE. Affordable living in these areas allows renters to maintain proximity to the heart of the city while reducing their transportation expenses. Flexible Living and Shared Spaces: Catering to Newcomers and Expats In 2025, flexible leases and shared living spaces are becoming more common, providing a viable option for newcomers who may not yet want to commit to long-term contracts. El Khatib mentions that co-living operators are filling the gap in the market for transient workers and expats. Areas like Dubai Marina, JLT, and Business Bay now feature monthly or quarterly rental agreements that often include furnishings, Wi-Fi, and utilities. 'Startups like Hive Coliv, Nomad Homes, and The Cohost are addressing the growing demand for flexible, community-based living options,' said El Khatib. "These setups are especially attractive to young professionals and expats who need short-term housing without a long-term commitment." Lacuesta agrees, noting that platforms such as Dubizzle, Property Finder, and Facebook Marketplace are flooded with listings for shared apartments, rooms, and even weekly stays. For those who are not yet ready for an annual lease, these options offer much-needed flexibility. For those seeking furnished, serviced co-living spaces, Nest by Arada and Uninest in Sharjah and Ajman offer fully furnished units with flexible terms. These spaces cater specifically to students and young professionals, providing a hassle-free living experience. What to Expect in Budget Studio Rentals When renting a budget studio, tenants can expect basic amenities and furnishings. According to both experts, typical budget-friendly studios include: Basic furnishings such as a bed, wardrobe, and kitchenette. Air conditioning (either split or window units). Utilities such as DEWA and internet are usually not included and are charged separately. Some buildings may offer shared amenities like gyms or swimming pools. Renters may need to pay a security deposit equal to one month's rent, which is usually refundable. A typical unfurnished budget studio can cost anywhere from Dh1,500 to Dh3,500 per month, depending on the location. For instance, Deira offers studios ranging from Dh2,800 to Dh3,500, while Sharjah's Al Nahda offers more affordable options, starting at Dh1,800 per month. One great deal found on Property Finder is a studio in Al Murar, near Diplomat Hotel, available for Dh26,000 per year. This unit is just 10 minutes away from the Metro and is surrounded by essential services like banks, restaurants, and clinics, making it ideal for job seekers looking for convenience and affordability. Key Considerations: Avoiding Illegal Partitions Both experts caution against opting for partitioned rooms, which are often found in high-density neighborhoods but may not meet safety standards or municipal regulations. These makeshift setups typically involve curtain partitions, violating housing codes and presenting safety risks. 'Always ensure that the property is Ejari-registered,' said Lacuesta. "If you're renting a full unit, confirm with the landlord whether partitions are officially approved." Final Thoughts: Balancing Budget and Accessibility Dubai's rental market continues to evolve, offering a wide range of affordable housing options, flexible lease terms, and community-focused living spaces. Whether you're a bachelor, job seeker, or newcomer, there are plenty of affordable neighborhoods and rental solutions available to suit your needs in 2025. Quick Tips for Newcomers: Use reliable platforms like Dubizzle, Property Finder, and Bayut to find verified listings. Prioritize living near Metro stations or bus routes for easy commuting. Consider co-living spaces for short-term flexibility. Always verify that shared rooms or units are Ejari-registered and meet safety codes. By being mindful of location, rental terms, and the amenities offered, you can find the right balance between budget and convenience in your new home in the UAE.
Al Etihad
29-05-2025
- Business
- Al Etihad
Abu Dhabi's data centre industry power investments to exceed Dh37 bn: TAQA CEO
29 May 2025 23:57 ABU DHABI (WAM)Abu Dhabi National Energy Company (TAQA) is poised to significantly bolster Abu Dhabi's burgeoning data and artificial intelligence hub, with its CEO and Managing Director announcing that total investments to support the power needs of the data centre industry in the emirate will exceed Dh37 announcement aligns with TAQA's broader strategy to provide clean, certified, and reliable energy for critical to WAM on the sidelines of the World Utilities Congress 2025, Jasim Husain Thabet, TAQA's Group Chief Executive Officer and Managing Director (GCEO & MD) highlighted the company's robust growth and strategic a market capitalisation estimated at approximately Dh360 billion, TAQA stands among the top five companies in Europe, Africa, and the Middle East for electricity generation, transmission, and water desalination, operating across 25 the past four years, TAQA has impressively doubled its electricity production capacity to 56 gigawatts, surpassing the total electricity consumption of the United Kingdom. Recent strategic moves include the acquisition of an 875-megawatt gas-powered electricity station in Uzbekistan, in partnership with Mubadala, supporting Uzbekistan's energy transition and opening new Central Asian TAQA's acquisition of "Transmission Investment," a leading UK-based energy and utility investment enhancing its clean energy portfolio, TAQA is currently constructing a 1-gigawatt gas turbine power station. In collaboration with Masdar, where TAQA holds a major stake, the company is also developing 5 gigawatts of solar energy backed by 19 gigawatt-hours of battery storage. This integrated solar and battery system, designed to deliver a continuous supply of 1 gigawatt for 24 hours, will be the largest project of its kind aims to invest Dh75 billion by 2030 to triple its electricity generation capacity to 150 gigawatts, he said. As part of this growth strategy, the company also plans to develop water desalination plants with a combined capacity of 1.3 billion gallons per day, with two-thirds utilising highly efficient reverse osmosis technology.
Khaleej Times
21-04-2025
- Business
- Khaleej Times
How YourService Is Simplifying the Way People Find Work and Hire Talent
Whether you're searching for a reliable tutor, a certified fitness coach, or a top-notch beauty professional, YourService connects you with trusted experts - all in one place The Story Behind YourService Have you ever wondered why hiring help or finding work isn't as simple as ordering a pizza? That very question sparked the idea for YourService - a platform designed to simplify the way people connect with opportunities and talent across the UAE. Where It All Started The idea for YourService was born around a table one evening, where four friends shared their daily frustrations. Among them was a programmer, weary of the endless bidding wars on freelance websites; a teacher, eager to take charge of her own schedule and connect with students directly; a stylist, wishing for a space to showcase her work without wading through red tape; and a small business owner, simply looking for trustworthy help without a complicated process. That's when the spark ignited: What if there was a platform where all of this could happen - quickly, easily, and without barriers? Not just another job board, but a thriving community where people could offer their skills and find services seamlessly. Thus, YourService was born - a solution designed to empower both freelancers and clients. Turning Ideas into Action Motivated by the growing popularity of freelancing in the UAE, the team dived into research. They found that the number of people signing up for freelance work had doubled in recent years. Even more compelling, the average freelance income stood at an impressive Dh37,000 per month - proof that freelancing was not just a side hustle, but a serious career path. These insights confirmed what the team already felt: YourService could fill a real gap in the market. A Vision in Progress Behind YourService is a young and ambitious team made up of IT specialists, engineers, innovators, and creatives. By working closely with both freelancers and business owners, the team has been able to reimagine the entire process of finding help or offering services. Their goal is to build something not just practical and efficient, but also inclusive and impactful - a platform shaped by the very people who will use it. What Makes YourService Different? Through research and hands-on experience, the team identified three key problems with existing platforms: Complexity: Many platforms overwhelm users with confusing interfaces and too many steps. Rigidity: Switching between being a service provider and a client is often clunky or not even possible. Trust Issues: A lack of transparency and verification can leave users feeling uncertain about who they're dealing with. YourService solves these challenges by offering a clean, intuitive interface, easy role-switching, and verified profiles - creating a secure and user-friendly space where people can connect with confidence. Another important factor was addressing cultural and workplace dynamics in the UAE. Many expatriates struggle with hierarchical environments that limit flexibility. YourService aims to break down these barriers, providing an empowering platform where users - regardless of background - feel welcomed and supported. Looking Ahead YourService isn't just an app. It's a movement. It's about rethinking how we work, removing barriers, and giving people the tools to pursue their passions. Whether you're starting your journey or looking to level up your career, YourService is here to support you every step of the way. Ready to Get Started? Whether you're searching for a reliable tutor, a certified fitness coach, or a top-notch beauty professional, YourService connects you with trusted experts - all in one place. Say goodbye to the hassle and hello to convenience. Having a tough time with studies? The right tutor can make all the difference. Learn at your own pace, boost your confidence, and achieve real results. Find your ideal match on YourService - quick, easy, and reliable. One app - endless experts Try YourService today and get things done - without the hassle.
Daily Tribune
06-02-2025
- Business
- Daily Tribune
UAE's Booming Asset Management Sector Fuels Demand for Finance and IT Roles
The UAE's asset management sector is witnessing significant growth, driven by heightened investor interest, regulatory advancements, and an increasing presence of Family Offices and Ultra High Net Worth Individuals (UHNWIs). This surge has spurred a strong demand for banking, finance, and technology roles, according to the latest UAE 2025 Salary Guides by global recruitment firm Michael Page. Finance and Banking Professionals in High Demand The report highlights that fundraising and institutional sales professionals are among the most sought-after candidates, with businesses valuing their industry expertise and regional networks. Compliance professionals with authorisations from the Dubai Financial Services Authority (DFSA) and the Financial Services Regulatory Authority (FSRA) are also in high demand. Chief Compliance Officers (CCOs) and Money Laundering Reporting Officers (MLROs) are particularly sought after due to increasing regulatory scrutiny. Jon Ede, Regional Director UAE at Michael Page, stated, 'In 2024, the workforce grew by 9 per cent, and the number of new companies increased by 14.5 per cent. These numbers reflect the success of the UAE's strategic initiatives, solidifying its position as a top destination for businesses and talent alike.' Salary Insights in Banking and Finance Senior banking and finance professionals continue to command high salaries. Heads of wholesale banking can expect an average monthly salary of Dh100,000, while senior relationship managers earn approximately Dh37,000 per month. Sales and Marketing Sector Sees Steady Growth The UAE's sales and marketing sector is also experiencing steady expansion, particularly in B2B industries. Increased investments in technology, real estate, energy, and logistics have heightened the demand for skilled professionals in business development, key account management, and strategic sales. Key positions in this sector include Business Development Manager, Chief Commercial Officer, and Strategic Sales Director. Country managers in the UAE can expect salaries averaging Dh48,000 per month, while key account managers earn up to Dh26,000. Meanwhile, Chief Marketing Officers (CMOs) command some of the highest pay packages, with average monthly earnings of Dh90,000. IT Sector Witnesses Rising Demand The UAE's digital landscape has evolved significantly in recent years, with increased demand for skilled professionals in the IT sector. The top five positions in demand include head of software development, full-stack software engineer, agile product manager, senior DevOps engineer, and digital adoption specialist. Salaries in this field remain competitive, with a head of digital marketing earning between Dh35,000 and Dh60,000 per month. Addressing the Skills Shortage The report also highlights the growing skills shortage as a major challenge for businesses. According to Michael Page, 37 per cent of business leaders have struggled to find candidates with the right expertise, while nearly one in three (30 per cent) face difficulties in retaining top talent. Furthermore, 48 per cent of employers cite aligning salary expectations with candidates as a key hurdle. Ede emphasized that offering a comprehensive package—including benefits, career development opportunities, and workplace incentives—can help businesses attract and retain top professionals in an increasingly competitive job market.
