Latest news with #Dhs2
Gulf Today
2 days ago
- Gulf Today
Father fined after son riding electric bike jumps red light and collides with woman's car
Abu Dhabi Family, Civil, and Administrative Cases Court has ordered a father to pay Dhs2,380 in compensation to a woman who sustained a traffic accident caused by his son. The son, riding an electric bike, jumped a red light and collided with the woman's vehicle, owned by her sister, resulting in material and moral damages. The woman filed a lawsuit demanding Dhs25,592 for vehicle repair costs and additional Dhs26,592 as compensation for damages, along with 12% legal interest from the date of the lawsuit until full payment. The court reviewed an expert report, which stated that the vehicle repairs took three days, with a daily rental cost of Dhs90 for a replacement car, totaling Dhs270, and repair costs amounted to Dhs1,850, and towing expenses from the accident site to the workshop were Dhs157, with additional fees bringing the total to Dhs2,380. The court consequently ruled that the father, as the guardian, is liable for his son's actions and ordered him to pay the total amount of Dhs2,380 to the plaintiff.
Time Out Dubai
3 days ago
- Automotive
- Time Out Dubai
Parkin introduces two new paid parking zones in Mirdif
Motorists in Dubai will now need to pay for parking in two new zones. Parkin, the city's official parking operator, has announced that there are two new paid public parking zones in Mirdif. In place as of Monday May 26, it means that on-street and off-street parking in Mirdif will now be controlled by Parkin. Zone 251C will cover on-street parking in the neighbourhood and Zone 251D will cover off-street parking. Both zones will be open between 8am and 10pm and available from Monday until Saturday. Tariffs in Zone 251C and Zone 251D are priced from Dhs2 for an hour at off-peak times and from Dhs4 at peak hours for one hour. Overnight parking is available off-street for Dhs20 in Zone 251D and the highest fees in Zone 251C are Dhs16 after four hours at peak hours. New Parkin zone fees in Mirdif Zone 251C Parking duration Peak Hours Off-peak One hour Dhs4 Dhs2 Two hours Dhs8 Dhs5 Three hours Dhs12 Dhs8 Four hours Dhs16 Dhs11 Zone 251D Parking duration Peak Hours Off-peak One hour Dhs4 Dhs2 Two hours Dhs8 Dhs4 Three hours Dhs12 Dhs5 Four hours Dhs16 Dhs7 24 hours Dhs20 Dhs20 Earlier in 2025, Parkin introduced a whole range of new tariffs for premium spots across its network in the city. Payment for premium spaces across the city increased to Dhs6 per hour while regular parking spaces remained priced at Dhs4 per hour. Days off in Dubai UAE public holidays 2025: When are all the public holidays this year? The dates to know UAE public holidays law explained: What happens if a day off is on a weekend The law has changed in 2025 Everything you need to know about annual leave in Dubai Know your rights
Gulf Today
3 days ago
- Business
- Gulf Today
DLD launches Mena's first tokenised real estate project
In a landmark move that reinforces Dubai's leadership in the real estate sector and harnesses cutting-edge technologies to advance property investment, Dubai Land Department (DLD) has launched the region's first tokenised real estate investment project through the 'Prypco Mint' platform. The initiative is being implemented in partnership with Prypco, in collaboration with the Virtual Assets Regulatory Authority (VARA), the Central Bank of the United Arab Emirates, and the Dubai Future Foundation (DFF) through the Real Estate Sandbox. Zand Digital Bank has been appointed as the banking partner for the project's pilot phase, positioning Dubai as the first city in the Mena region to adopt a licensed platform for real estate tokenisation. Dubai Land Department has officially launched the pilot phase of investment in tokenised real estate, marking the activation of the digital platform The platform enables users to generate returns and own a share in a prime real estate project in Dubai. Currently available exclusively to UAE ID holders, the platform is set to expand globally in the near future, with additional platforms to be integrated in later phases, further reinforcing Dubai's position as a global hub for innovation in tokenised real estate. The project offers individuals innovative investment opportunities through the purchase of tokenised shares in ready-to-own properties in Dubai, starting from just Dhs2,000. All transactions are carried out exclusively in UAE Dirhams, with no use of cryptocurrencies during the pilot phase. Through the platform, investors can access comprehensive property details, ranging from pricing, risk factors, and technical specifications to the minimum investment required, ensuring full transparency and informed decision-making. This initiative stems from a strategic partnership agreement between Dubai Land Department, Prypco, and Ctrl Alt Solutions, aimed at developing an innovative regulatory and operational framework for real estate tokenization. The partnership focuses on strengthening legislation, promoting knowledge, attracting specialised asset tokenization companies, and supporting innovation while safeguarding investor rights. As the market continues to evolve, tokenized assets are projected to represent up to 7% of Dubai's real estate market by 2033, equating to a value of Dhs 60 billion (USD 16 billion). Prypco Mint is poised to be the cornerstone of this transformation. The real estate tokenisation project is jointly managed by Dubai Land Department, as the regulator of physical real estate assets, and the Virtual Assets Regulatory Authority (VARA), as the regulatory body for digital assets. This collaboration ensures an integrated and transparent regulatory framework for this new and innovative model of property investment. In the current phase, the Central Bank of the United Arab Emirates plays a pivotal role in overseeing the opening of corporate accounts linked to real estate tokenization through the Client Money Account (CMA) system. This dedicated banking structure is designed to safeguard investor funds. Under this system, investors' funds are deposited into the CMA and are not transferred to the tokenization company until the purchase process is fully completed, enhancing security and ensuring maximum transparency. This project comes as part of the DLD's efforts to achieve the objectives of the Dubai Real Estate Sector Strategy 2033, which aims to reinforce Dubai's global leadership in this vital sector by strengthening partnerships with the private sector and attracting innovative international companies. It is also aligned with the goals of the Dubai Economic Agenda D33, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, which seeks to drive transformational projects that position Dubai as the world's best city to live and work in, through a fully integrated digital economy that enhances the emirate's position as a global hub for smart real estate investment. The project's initial phase is exclusively limited to ready-to-own properties, and tokenisation is permitted only through companies licensed by the Virtual Assets Regulatory Authority. Dubai Land Department is responsible for reviewing and validating the fairness of property pricing before any listing is approved on the platform. The pilot phase includes two authorized companies, Prypco and Ctrl Alt with plans to open the market to additional qualified firms in the future, supporting the growth of this emerging sector. Investors will benefit from both rental income and capital appreciation resulting from the property's appreciation, while holding a legally documented ownership share issued by Dubai Land Department-ensuring a transparent and secure investment experience without the complexities of traditional property management. This project is part of the Real Estate Evolution Space Initiative (REES) previously launched by Dubai Land Department, which aims to position Dubai on the global map for PropTech and artificial intelligence. WAM
Time Out Dubai
6 days ago
- Entertainment
- Time Out Dubai
In need of a summer escape? Check out Gigi Rigolatto
If you're thinking of escaping to the Italian Riviera without catching a flight, Gigi Rigolatto has to be on your itinerary. Perched on the breezy stretch of J1 Beach, this luxurious spot offers long lunches, creative summer drinks and garden-like poolside lounging that make you forget about the weather. Cool off in the pool, soak up the sun from a private cabana with your favourite people, or ease into the warm waters of the sea. The drinks from Bellini Bar are served ice-cold and fast, just the thing one needs on a summer holiday. Want to spend your day lounging by the pool or unwinding at the beach? Opt for one of the venue's plush pool beds at Dhs400 or beach beds at Dhs300. Or maybe you want to go all out, the cabanas are perfect for a group looking to make the most of the day – priced at Dhs2,000 from Monday to Thursday and Dhs4,000 from Friday to Sunday, each includes a welcome platter to get things started. And as day fades into night, move indoors to a cosy, candlelit setting where the earthy atmosphere is brought to life by the curated soundtrack. Perfetto. The Italian Mediterranean dinner menu brings all the fresh flavours you want after a hot day. Expect seafood pastas, summery salads, grilled mains in dishes made for sharing and desserts that demand you stay for one more bite. However, the best part about this spot is that the terrace seating if fully enclosed and cooled during the sweltering summer so you can soak up the sea view comfortably from where you're perched. Make your reservation asap:
Time Out Dubai
7 days ago
- Entertainment
- Time Out Dubai
14 cool things you can do in Dubai for 10 Dirhams (or less)
Dubai can be a city of extremes – whether it's the temperature, the buildings or the prices. But you don't always have to spend a fortune to have a good time; in fact, there's plenty of joy to be had in a good bargain (or even for free!). You might also like: What can you do in Dubai for a dirham? Perhaps you've rummaged down the sofa looking for the remote and happened to find a Dhs10 note down the back, but have no idea what to do with your newfound riches. Well, gather all that change together because we're gonna help you figure out what uniquely Dubai things you can do with Dhs10 or less. Budget-friendly activities in Dubai under Dhs10 Al Seef Street Market Budget Dubai. Credit: Al Seef How's your haggling? You can test your skills for bargains here on a wide range of items including clothing. You can even grab a traditional kaftan for Dhs10 at one market on Old Street by the Creek. It's a great place to explore in general for souvenirs, affordable fashion and street food. Free. Al Seef Street Market Be bowled over by bargain arcade games An old-school activity at an old-school price. That's right, every Monday at the Dubai Bowling Centre arcade games and rides cost you only Dhs1 per turn. So if you've got one game you're incredible at, that could be hours and hours of fun for the change weighing you down in your pocket. The promotion was introduced last summer at the Al Quoz venue and has continued into this year. Dhs1 per turn. Every Monday. Dubai Bowling Centre, Al Quoz. Board an Abra in Dubai Budget Dubai. Get on board an abra to cross between old and new Dubai in style. Take in all the sights of the big city on one of these bad boys from only Dhs1. Abras are typically able to hold around 20 passengers with around 150 boats working between Deira and Bur Dubai from 6am every day. If you want to hop on an air-conditioned Abra then it'll cost double at Dhs2 per trip. And if you want to set off from Dubai Marina it's Dhs5. Not bad at all. From Dhs1 (per trip). 6am-midnight daily. Dubai Creek. Travel back in time at Al Fahidi Historical Neighbourhood Budget Dubai. If you want to spend an afternoon feeling like you've stepped back in time, then a trip to Al Fahidi Historical Neighbourhood is a great way to get a glimpse of old Dubai. You'll find buildings made of coral, stone, mud and wood in an area dedicated to preserving Emirati culture. It's completely free to explore but there are plenty of gift shops, galleries and venues which do charge fees. Free. Al Fahidi Street, Bur Dubai Get a bag of snacks Budget Dubai. Retro Dubai treats: Chips Oman Some may call them chips, others may call them crisps but whatever they are they're a great little snack. Chips Oman and Emirates Pofaki can still be bought for around Dhs1 at the time of writing though it is getting harder to track down at that price. Dhs1-Dhs2. Union Co-op Eat at a sushi bar Tucked inside Carrefour at Mall of the Emirates, this sushi bar has rolls made straight from the fresh counter and you can grab a dish for as little as Dhs7. Take a stool and watch the options float around the table while you admire the cool digital fish display behind you. Drink a cup of Karak Chai Tea Budget Dubai. Can you hear that? That noise in the distance is the sound of a Dubai old-timer saying it used to be 50 fils back in the day. Now, with inflation, the chances of getting your hands on this Desi delicacy for Dhs1 are getting lower and lower with each passing day, but we're reliably informed that you can still grab a cup of the good stuff in Dubai essentially for free at Koukh Al Shay in Qusais. If you're new to Dubai then this is a great sweet tea to try. From Dhs1. Koukh Al Shay, Qusais. @koukhalshay Take the kids to Majlis Al Ghorfat Um Al Sheef Budget Dubai. Majlis Al Ghorfat Um Al Sheef. Credit: Dubai Culture This is a very pocket-friendly little day out for the family with tickets for kids as low as Dhs1 while it's Dhs3 for adults. Majlis Al Ghorfat Um Al Sheef was built in 1955 as a summer residence of the late Sheikh Rashid Bin Saeed Al Maktoum. The house is made of gypsum and coral rock, with a date palm frond roof and wind tower. Dhs1 (children under six), Dhs3 (adults). 8am – 10pm daily. 17 Street, off Jumeirah Beach Road (04 426 0000) You might also like: What can you do in Dubai for a dirham? Ride the Dubai Metro Budget Dubai. Credit: Dubai Metro. You can travel all across the city on the Dubai Metro with a single ticket for as little as Dhs8.50. If it's ever quiet on board, you can watch the city go by, take in the architecture and marvel at how the city changes from old to new. You could also just stare at the floor and wait to get to your stop, your call. From Dhs4. All over Dubai. Sample street food Budget Dubai. Credit: Allo Beirut Dubai is home to expats from all across the world which is all part of the charm of what makes it such a diverse, wonderful place to live. And with such a wide range of nationalities comes an equally wide range of cuisines including great grab-and-go bites. In our street food of Dubai guide, we showed you exactly where and what you could get with loose change. Particular bargains to look out for include shawarma for as little as Dhs9, samosa for Dhs1.50 and –of course – karak chai for as low as Dhs1. From Dhs1. Shop for Dhs10 or less at Mumuso The East Asian brand has 22 stores dotted around Dubai where you're able to get your hands on a cute, kitsch bargain for under Dhs10. Products range from cosmetics, toys and even fashion. Across Dubai, Visit the Jumeirah Archaeological Site Budget Dubai. Jumeirah Archaeological Site (Credit: VisitDubai) In a city obsessed with AI and robots, it's a nice change of pace to see something which dates back to as early as the Abbasid period – around the 9th century. You can get a real perspective of the old and new Dubai as the site also has a remarkable view of the Dubai skyline. It was once home to a mosque and residential housing which are no longer visible. Free. Al Wasl Street, Jumeirah 2. Walk around a park Budget Dubai. Zabeel Park (Credit: CanvaPro) There are plenty of great parks in Dubai to have a walk around. Some of them charge fees and some don't. Some of the most lush greenery can be found at Safa Park where entry is Dhs3. The park is Dubai's oldest having been built in 1975. You can explore secret gardens, play sports enjoy peaceful views of the Dubai skyline. Elsewhere in the city, you can try Zabeel Park for Dhs5 which is home to the Dubai Frame. If you position yourself well then you can get great views of old and new Dubai without having to buy a Dhs50 ticket to the landmark. From Dhs3. Safa Park or Zabeel Park. Watch camels race in Al Marmoum Budget Dubai. You can see camels racing for free in Dubai (Image: Emirates News Agency WAM) All this will cost is some precious time in bed as races usually start early in the morning from between 6am and 9am. You don't even need Dhs1 to watch the racing at Al Marmoum as watching on is completely free for this unusual sport. Races run regularly between December and March. Free. Call for timings. Al Marmoum Camel Racetrack, Dubai-Al Ain Road (04 832 6526). Looking for things to do in Dubai? 50 free things to do in Dubai (you won't believe what you can do) Feeling the pinch? Enter free things to do New restaurants in Dubai that you need to visit right now This is where you should eat tonight 18 highest restaurants in Dubai with the best views of the city You need to dine in the clouds at least once
