Property pulse - August

Bradley Hope

August 19, 2009

  • English
  • Arabic

Sales are remaining relatively flat into the second week of August, according to the latest

Property Pulse

, powered by data from

.

This is traditionally a slow time of the year for property transactions, with many people away on vacation and Ramadan about to start.

Indians have surged back as the top net buyers of property in Dubai, while

Noor Islamic Bank

has emerged as the top lender to buyer in the emirate.

More charts after the jump...

All data is for July, 2009. Powered by REIDIN.com

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

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What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

WHAT IS A BLACK HOLE?

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2. They can be created when massive stars collapse under their own weight

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5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

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  • Grade 2 = between grades E and F
  • Grade 1 = between grades F and G
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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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