The Springs in Dubai. The emirate had a record-breaking year for property deals in 2022. Antonie Robertson / The National
The Springs in Dubai. The emirate had a record-breaking year for property deals in 2022. Antonie Robertson / The National
The Springs in Dubai. The emirate had a record-breaking year for property deals in 2022. Antonie Robertson / The National
The Springs in Dubai. The emirate had a record-breaking year for property deals in 2022. Antonie Robertson / The National

Business

Property

Dubai property market performance was exceptional in 2022, says Sheikh Hamdan

Transactions last year increased 76.5 per cent in value and 44.7 per cent in volume from 2021

Ian Oxborrow
Ian Oxborrow

January 16, 2023

  • English
  • Arabic

The performance of the Dubai property market last year was described as exceptional by Crown Prince Sheikh Hamdan bin Mohammed, as the value of deals reached a new high of Dh528 billion ($143.7 billion).

The value of transactions was up 76.5 per cent annually, while the number of transactions, at 122,658, rose 44.7 per cent year on year, a Dubai Media Office statement said.

The sector's “exceptional performance” will help achieve Dubai's vision to be “one of the world’s top three cities”, said Sheikh Hamdan.

“The results also support the goal of the Dubai Economic Agenda D33 … to double the size of Dubai's economy by 2033. The sector is a pillar of Dubai's strategy for sustainable development and a vital driver of its 2040 Urban Master Plan.”

Dubai remains one of the world's most attractive investment destinations because of its stable economy, strong financial fundamentals and ability to find opportunities for growth, Sheikh Hamdan said.

“Moreover, global investors, institutions and businesses continue to have high confidence in Dubai’s economy due to its growing profile as one of the best metropolises to live and work, its exceptional infrastructure and supportive regulations,” he said.

__________________________________

Dubai property prices: where they rose and fell in December 2022

  • VILLA PRICES FROM CBRE: Palm Jumeirah: Dh3,921 per square foot — up 3.1 per cent in December month on month, up 2.6 per cent in November, up 3.0 per cent in October, up 0.2 per cent in September, up 1.9 per cent in August, up 4.6 per cent in July, up 4.9 per cent in June, up 5 per cent a month in May, up 5 per cent in April.
    VILLA PRICES FROM CBRE: Palm Jumeirah: Dh3,921 per square foot — up 3.1 per cent in December month on month, up 2.6 per cent in November, up 3.0 per cent in October, up 0.2 per cent in September, up 1.9 per cent in August, up 4.6 per cent in July, up 4.9 per cent in June, up 5 per cent a month in May, up 5 per cent in April.
  • Jumeirah: Dh2,270 per square foot — down 0.4 per cent in December, up 2.9 per cent in November, up 3.6 per cent in October, up 2.3 per cent in September, down 1.1 per cent in August, up 2.2 per cent in July, up 1.0 per cent in June, up 2.0 per cent in May, up 3.7 per cent in April. Sarah Dea / The National
    Jumeirah: Dh2,270 per square foot — down 0.4 per cent in December, up 2.9 per cent in November, up 3.6 per cent in October, up 2.3 per cent in September, down 1.1 per cent in August, up 2.2 per cent in July, up 1.0 per cent in June, up 2.0 per cent in May, up 3.7 per cent in April. Sarah Dea / The National
  • Emirates Hills: Dh2,268 per square foot — down 0.3 per cent in December, up 4.6 per cent in November, down 3.6 per cent in October, up 3.8 per cent in September, no change in August, up 0.3 per cent in July, up 3.3 per cent in June, up 1.8 per cent in May, up 1.8 per cent in April. Photo: Knight Frank
    Emirates Hills: Dh2,268 per square foot — down 0.3 per cent in December, up 4.6 per cent in November, down 3.6 per cent in October, up 3.8 per cent in September, no change in August, up 0.3 per cent in July, up 3.3 per cent in June, up 1.8 per cent in May, up 1.8 per cent in April. Photo: Knight Frank
  • District One: Dh2,025 per square foot — down 3.1 per cent per cent in December, up 1.6 per cent in November, up 3.2 per cent in October, up 2.4 per cent in September, down 2.1 per cent in August, up 2.2 per cent in July, up 4.1 per cent in June, up 2.3 per cent in May, down 0.9 per cent in April. Satish Kumar / The National
    District One: Dh2,025 per square foot — down 3.1 per cent per cent in December, up 1.6 per cent in November, up 3.2 per cent in October, up 2.4 per cent in September, down 2.1 per cent in August, up 2.2 per cent in July, up 4.1 per cent in June, up 2.3 per cent in May, down 0.9 per cent in April. Satish Kumar / The National
  • Mohammed bin Rashid City: Dh1,733 per square foot — up 0.5 per cent in December, up 3.1 per cent in November, up 0.7 per cent in October, up 0.6 per cent in September, up 1.2 per cent in August, up 3.6 per cent in July, up 4.0 per cent in June, up 0.1 per cent in May, up 0.7 per cent in April.
    Mohammed bin Rashid City: Dh1,733 per square foot — up 0.5 per cent in December, up 3.1 per cent in November, up 0.7 per cent in October, up 0.6 per cent in September, up 1.2 per cent in August, up 3.6 per cent in July, up 4.0 per cent in June, up 0.1 per cent in May, up 0.7 per cent in April.
  • Dubai Hills: Dh1,653 per square foot — up 2.4 per cent in December, up 1.6 per cent in November, up 2.3 per cent in October, up 1.0 per cent in September, up 0.9 per cent in August, down 0.2 per cent in July, up 4.1 per cent in June, up 1.2 per cent in May, up 1.5 per cent in April. Photo: Emaar Malls Management
    Dubai Hills: Dh1,653 per square foot — up 2.4 per cent in December, up 1.6 per cent in November, up 2.3 per cent in October, up 1.0 per cent in September, up 0.9 per cent in August, down 0.2 per cent in July, up 4.1 per cent in June, up 1.2 per cent in May, up 1.5 per cent in April. Photo: Emaar Malls Management
  • The Meadows: Dh1,559 per square foot — down 1.5 per cent in December, down 0.2 per cent in November, up 2.2 per cent in October, up 1.2 per cent in September, up 1.5 per cent in August, up 2.5 per cent in July, up 0.9 per cent in June, up 1.6 per cent in May, down 0.5 per cent in April. Jeffrey E Biteng / The National
    The Meadows: Dh1,559 per square foot — down 1.5 per cent in December, down 0.2 per cent in November, up 2.2 per cent in October, up 1.2 per cent in September, up 1.5 per cent in August, up 2.5 per cent in July, up 0.9 per cent in June, up 1.6 per cent in May, down 0.5 per cent in April. Jeffrey E Biteng / The National
  • The Lakes: Dh1,514 per square foot — up 1.2 per cent in December, up 2.2 per cent in November, down 1.3 per cent in October, down 1.1 per cent in September, up 1.3 per cent in August, up 1.3 per cent in July, up 1.6 per cent in June, up 1.2 per cent in May, up 1.0 per cent in April. Pawan Singh / The National
    The Lakes: Dh1,514 per square foot — up 1.2 per cent in December, up 2.2 per cent in November, down 1.3 per cent in October, down 1.1 per cent in September, up 1.3 per cent in August, up 1.3 per cent in July, up 1.6 per cent in June, up 1.2 per cent in May, up 1.0 per cent in April. Pawan Singh / The National
  • Jumeirah Islands: Dh1,586 per square foot — up 1.9 per cent in December, down 0.4 per cent in November, up 3.9 per cent in October, up 2.9 per cent in September, down 3.7 per cent in August, down 0.1 per cent in July, up 3.6 per cent in June, up 0.9 per cent in May, up 2.5 per cent in April. Photo: Prestige Dubai
    Jumeirah Islands: Dh1,586 per square foot — up 1.9 per cent in December, down 0.4 per cent in November, up 3.9 per cent in October, up 2.9 per cent in September, down 3.7 per cent in August, down 0.1 per cent in July, up 3.6 per cent in June, up 0.9 per cent in May, up 2.5 per cent in April. Photo: Prestige Dubai
  • Jumeirah Golf Estates: Dh1,409 per square foot — down 3.7 per cent in December, down 0.8 per cent in November, down 1.6 per cent in October, up 4.6 per cent in September, down 1.4 per cent in August, up 4.4 per cent in July, down 1.1 per cent in June, up 3.6 per cent in May, up 4.6 per cent in April. Pawan Singh / The National
    Jumeirah Golf Estates: Dh1,409 per square foot — down 3.7 per cent in December, down 0.8 per cent in November, down 1.6 per cent in October, up 4.6 per cent in September, down 1.4 per cent in August, up 4.4 per cent in July, down 1.1 per cent in June, up 3.6 per cent in May, up 4.6 per cent in April. Pawan Singh / The National
  • The Springs: Dh1,173 per square foot — down 1.0 per cent in December, up 1.7 per cent in November, up 0.9 per cent in October, up 1.0 per cent in September, down 0.4 per cent, up 3.9 per cent in July, up 0.8 per cent in June, up 1.8 per cent in May, up 2.1 per cent in April. Photo: Better Homes
    The Springs: Dh1,173 per square foot — down 1.0 per cent in December, up 1.7 per cent in November, up 0.9 per cent in October, up 1.0 per cent in September, down 0.4 per cent, up 3.9 per cent in July, up 0.8 per cent in June, up 1.8 per cent in May, up 2.1 per cent in April. Photo: Better Homes
  • Arabian Ranches: Dh1,232 per square foot — down 0.8 per cent in December, up 0.5 per cent in November, up 1.3 per cent in October, up 1.4 per cent in September, up 0.8 per cent in August, down 2.5 per cent in July, up 1.7 per cent in June, up 0.7 per cent in May, up 3.7 per cent in April. Pawan Singh / The National
    Arabian Ranches: Dh1,232 per square foot — down 0.8 per cent in December, up 0.5 per cent in November, up 1.3 per cent in October, up 1.4 per cent in September, up 0.8 per cent in August, down 2.5 per cent in July, up 1.7 per cent in June, up 0.7 per cent in May, up 3.7 per cent in April. Pawan Singh / The National
  • Meydan City: Dh1,223 per square foot — up 2.8 per cent in December, down 0.7 per cent in November, up 0.8 per cent in October, up 0.4 per cent in September, up 0.6 per cent in August, down 0.4 per cent in July, up 1.3 per cent in June, up 0.9 per cent in May, up 0.9 per cent in April.
    Meydan City: Dh1,223 per square foot — up 2.8 per cent in December, down 0.7 per cent in November, up 0.8 per cent in October, up 0.4 per cent in September, up 0.6 per cent in August, down 0.4 per cent in July, up 1.3 per cent in June, up 0.9 per cent in May, up 0.9 per cent in April.
  • Al Barari: Dh1,282 per square foot — up 0.8 per cent in December, down 1.2 per cent in November, up 1.0 per cent in October, up 2.9 per cent in September, up 2.2 per cent in August, up 3.5 per cent in July, up 3.0 per cent in June, down 0.7 per cent in May, up 4.9 per cent in April. Photo: Luxhabitat
    Al Barari: Dh1,282 per square foot — up 0.8 per cent in December, down 1.2 per cent in November, up 1.0 per cent in October, up 2.9 per cent in September, up 2.2 per cent in August, up 3.5 per cent in July, up 3.0 per cent in June, down 0.7 per cent in May, up 4.9 per cent in April. Photo: Luxhabitat
  • Jumeirah Park: Dh1,189 per square foot — up 4.5 per cent in December, up 2.9 per cent in November, down 2.0 per cent in October, down 1.9 per cent in September, up 0.4 per cent in August, up 0.4 per cent in July, up 3.8 per cent in June, up 0.2 per cent in May, up 0.8 per cent in April. Pawan Singh / The National
    Jumeirah Park: Dh1,189 per square foot — up 4.5 per cent in December, up 2.9 per cent in November, down 2.0 per cent in October, down 1.9 per cent in September, up 0.4 per cent in August, up 0.4 per cent in July, up 3.8 per cent in June, up 0.2 per cent in May, up 0.8 per cent in April. Pawan Singh / The National
  • Victory Heights: Dh1,181 per square foot — up 4.0 per cent in December, down 0.3 per cent in November, up 4.2 per cent in October, down 0.9 per cent in September, down 1.3 per cent in August, down 0.3 per cent in July, up 1.4 per cent in June, up 3.7 per cent in May, down 2.2 per cent in April. Photo: Luxhabitat
    Victory Heights: Dh1,181 per square foot — up 4.0 per cent in December, down 0.3 per cent in November, up 4.2 per cent in October, down 0.9 per cent in September, down 1.3 per cent in August, down 0.3 per cent in July, up 1.4 per cent in June, up 3.7 per cent in May, down 2.2 per cent in April. Photo: Luxhabitat
  • Mudon: Dh1,066 per square foot — up 1.1 per cent in December, up 4.1 per cent in November, down 0.7 per cent in October, up 2.1 per cent in September, down 2.6 per cent in August, up 0.9 per cent in July, up 1.4 per cent in June, down 0.5 per cent in May, up 2.7 per cent in April. Satish Kumar / The National
    Mudon: Dh1,066 per square foot — up 1.1 per cent in December, up 4.1 per cent in November, down 0.7 per cent in October, up 2.1 per cent in September, down 2.6 per cent in August, up 0.9 per cent in July, up 1.4 per cent in June, down 0.5 per cent in May, up 2.7 per cent in April. Satish Kumar / The National
  • Jumeirah Village Triangle: Dh996 per square foot — down 2.9 per cent in December, down 0.6 per cent in November, up 2.8 per cent in October, up 0.4 per cent in September, up 0.7 per cent in August, down 0.1 per cent in July, up 3.7 per cent in June, down 0.2 per cent in May, up 2.3 per cent in April. Pawan Singh / The National
    Jumeirah Village Triangle: Dh996 per square foot — down 2.9 per cent in December, down 0.6 per cent in November, up 2.8 per cent in October, up 0.4 per cent in September, up 0.7 per cent in August, down 0.1 per cent in July, up 3.7 per cent in June, down 0.2 per cent in May, up 2.3 per cent in April. Pawan Singh / The National
  • Sustainable City: Dh970 per square foot — down 0.8 per cent in December, up 1.2 per cent in November, down 0.4 per cent in October, up 0.5 per cent in September, down 0.7 per cent in August, up 0.7 per cent in July, up 2.6 per cent in June, down 0.8 per cent in May, up 0.6 per cent in April. Antonie Robertson / The National
    Sustainable City: Dh970 per square foot — down 0.8 per cent in December, up 1.2 per cent in November, down 0.4 per cent in October, up 0.5 per cent in September, down 0.7 per cent in August, up 0.7 per cent in July, up 2.6 per cent in June, down 0.8 per cent in May, up 0.6 per cent in April. Antonie Robertson / The National
  • Town Square: Dh826 per square foot — up 1.2 per cent in December, down 0.9 per cent in November, up 1.5 per cent in October, up 0.4 per cent in September, up 0.6 per cent in August, up 0.6 per cent in July, down 0.8 per cent in June, down 1.0 per cent in May, up 1.4 per cent in April. Satish Kumar / The National
    Town Square: Dh826 per square foot — up 1.2 per cent in December, down 0.9 per cent in November, up 1.5 per cent in October, up 0.4 per cent in September, up 0.6 per cent in August, up 0.6 per cent in July, down 0.8 per cent in June, down 1.0 per cent in May, up 1.4 per cent in April. Satish Kumar / The National
  • Living Legends: Dh831 per square foot — up 3.9 per cent in December, down 3.0 per cent in November, down 4.2 per cent in October, down 1.9 per cent in September, up 2.6 per cent in August, up 0.7 per cent in July, up 4.0 per cent in June, up 1.2 per cent in May. Pawan Singh / The National
    Living Legends: Dh831 per square foot — up 3.9 per cent in December, down 3.0 per cent in November, down 4.2 per cent in October, down 1.9 per cent in September, up 2.6 per cent in August, up 0.7 per cent in July, up 4.0 per cent in June, up 1.2 per cent in May. Pawan Singh / The National
  • Jumeirah Village Circle: Dh652 per square foot — up 4.6 per cent in December, up 3.7 per cent in November, down 1.8 per cent in October, down 1.3 per cent in September, down 1.4 per cent in August, up 3.3 per cent in July, down 1.6 per cent in June, up 0.8 per cent in May, up 1.3 per cent in April. Antonie Robertson / The National
    Jumeirah Village Circle: Dh652 per square foot — up 4.6 per cent in December, up 3.7 per cent in November, down 1.8 per cent in October, down 1.3 per cent in September, down 1.4 per cent in August, up 3.3 per cent in July, down 1.6 per cent in June, up 0.8 per cent in May, up 1.3 per cent in April. Antonie Robertson / The National
  • Falconcity of Wonders: Dh754 per square foot — up 0.5 per cent in December, down 0.8 per cent in November, up 0.9 per cent in October, down 2.0 per cent in September, up 4.8 per cent in August, up 0.7 per cent in July, flat in June, down 2.5 per cent in May, up 1.6 per cent in April. Sarah Dea / The National
    Falconcity of Wonders: Dh754 per square foot — up 0.5 per cent in December, down 0.8 per cent in November, up 0.9 per cent in October, down 2.0 per cent in September, up 4.8 per cent in August, up 0.7 per cent in July, flat in June, down 2.5 per cent in May, up 1.6 per cent in April. Sarah Dea / The National
  • Damac Hills 2: Dh605 per square foot — up 0.4 per cent in December, up 1.3 per cent in November, down 1.2 per cent in October, down 0.4 per cent in September, down 0.5 per cent in August, down 0.4 per cent in July, down 1.6 per cent in June, up 1.0 per cent in May, up 1.3 per cent in April. Photo: Allsopp & Allsopp
    Damac Hills 2: Dh605 per square foot — up 0.4 per cent in December, up 1.3 per cent in November, down 1.2 per cent in October, down 0.4 per cent in September, down 0.5 per cent in August, down 0.4 per cent in July, down 1.6 per cent in June, up 1.0 per cent in May, up 1.3 per cent in April. Photo: Allsopp & Allsopp

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In 2022, 80,216 investors registered 115,183 new property investments in the emirate valued at Dh264.15 billion, an annual growth of 59.5 per cent in volume and 78.4 per cent in value.

The number of investors increased by 53 per cent compared with 2021.

The booming property market comes amid a resurgent wider economy following the coronavirus-induced slowdown, and despite a challenging global economic situation.

In the first nine months of 2022, Dubai’s gross domestic product grew 4.6 per cent year on year to reach Dh307.5 billion.

Business activity in the Dubai's non-oil private sector economy remained strong in December, boosted by a sharp increase in output as new orders climbed amid rising customer demand at the end of last year.

The emirate's seasonally adjusted S&P Global purchasing managers' index reading in December edged higher to 55.2, from 54.9 in November, firmly above the neutral 50 mark separating expansion from contraction.

Changes to visa rules have made it easier for foreigners to settle in the UAE while ultra-high-net-worth individuals have flocked to Dubai on the back of the country's positive handling of the coronavirus.

There has been a particularly strong performance in the prime sector of the market.

Last year was a record period for ultra-luxury property deals, with 219 sales of homes valued at $10 million and more registered, according to Knight Frank.

The prime sector, which include Emirates Hills, Jumeirah Bay Island and The Palm Jumeirah, collectively registered a price appreciation of 44 per cent last year, the consultancy said on Monday.

“The performance at the top of the market clearly demonstrates the arrival of Dubai as a luxury hub to rival long-established markets elsewhere, with no sign to suggest a slowdown in the seemingly relentless demand from global ultra-high-net-worth-individuals zeroing in on the emirate in search of second homes,” said Faisal Durrani, partner and head of Middle East Research at Knight Frank.

The view from The National
While you're here
Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
Iftar programme at the Sheikh Mohammed Centre for Cultural Understanding

Established in 1998, the Sheikh Mohammed Centre for Cultural Understanding was created with a vision to teach residents about the traditions and customs of the UAE. Its motto is ‘open doors, open minds’. All year-round, visitors can sign up for a traditional Emirati breakfast, lunch or dinner meal, as well as a range of walking tours, including ones to sites such as the Jumeirah Mosque or Al Fahidi Historical Neighbourhood.

Every year during Ramadan, an iftar programme is rolled out. This allows guests to break their fast with the centre’s presenters, visit a nearby mosque and observe their guides while they pray. These events last for about two hours and are open to the public, or can be booked for a private event.

Until the end of Ramadan, the iftar events take place from 7pm until 9pm, from Saturday to Thursday. Advanced booking is required.

For more details, email openminds@cultures.ae or visit www.cultures.ae

 

High profile Al Shabab attacks
  • 2010: A restaurant attack in Kampala Uganda kills 74 people watching a Fifa World Cup final football match.
  • 2013: The Westgate shopping mall attack, 62 civilians, five Kenyan soldiers and four gunmen are killed.
  • 2014: A series of bombings and shootings across Kenya sees scores of civilians killed.
  • 2015: Four gunmen attack Garissa University College in northeastern Kenya and take over 700 students hostage, killing those who identified as Christian; 148 die and 79 more are injured.
  • 2016: An attack on a Kenyan military base in El Adde Somalia kills 180 soldiers.
  • 2017: A suicide truck bombing outside the Safari Hotel in Mogadishu kills 587 people and destroys several city blocks, making it the deadliest attack by the group and the worst in Somalia’s history.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

((Disclaimer))

The Liechtensteinische Landesbank AG (“Bank”) assumes no liability or guarantee for the accuracy, balance, or completeness of the information in this publication. The content may change at any time due to given circumstances, and the Liechtensteinische Landesbank AG is under no obligation to update information once it has been published. This publication is intended for information purposes only and does not constitute an offer, a recommendation or an invitation by, or on behalf of, Liechtensteinische Landesbank (DIFC Branch), Liechtensteinische Landesbank AG, or any of its group affiliates to make any investments or obtain services. This publication has not been reviewed, disapproved or approved by the United Arab Emirates (“UAE”) Central Bank, Dubai Financial Services Authority (“DFSA”) or any other relevant licensing authorities in the UAE. It may not be relied upon by or distributed to retail clients. Liechtensteinische Landesbank (DIFC Branch) is regulated by the DFSA and this advertorial is intended for Professional Clients (as defined by the DFSA) who have sufficient financial experience and understanding of financial markets, products or transactions and any associated risks.

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Killing of Qassem Suleimani
How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
The details

Heard It in a Past Life

Maggie Rogers

(Capital Records)

3/5

While you're here
If you go

 

  • The nearest international airport to the start of the Chuysky Trakt is in Novosibirsk. Emirates (www.emirates.com) offer codeshare flights with S7 Airlines (www.s7.ru) via Moscow for US$5,300 (Dh19,467) return including taxes. Cheaper flights are available on Flydubai and Air Astana or Aeroflot combination, flying via Astana in Kazakhstan or Moscow. Economy class tickets are available for US$650 (Dh2,400).
  • The Double Tree by Hilton in Novosibirsk ( 7 383 2230100,) has double rooms from US$60 (Dh220). You can rent cabins at camp grounds or rooms in guesthouses in the towns for around US$25 (Dh90).
  • The transport Minibuses run along the Chuysky Trakt but if you want to stop for sightseeing, hire a taxi from Gorno-Altaisk for about US$100 (Dh360) a day. Take a Russian phrasebook or download a translation app. Tour companies such as  Altair-Tour ( 7 383 2125115 ) offer hiking and adventure packages.
Updated: January 16, 2023, 2:02 PM
DubaiPropertySheikh Hamdan bin Mohammed