Dubai's road toll operator is to increase charges for Eid Al Adha on Sunday, under a variable pricing strategy that adjusts for public holidays and other major events.
Salik Company, the sole provider of the emirate's traffic charging system, said on Wednesday that drivers will pay Dh6 when they pass through city's toll gates during the peak hours of 6am to 10am and 4pm to 8pm on Sunday, the final day of Eid Al Adha.
Motorists typically pay a Dh4 levy from 6am to 1am on Sundays, with charges waived outside of those hours.
Drivers will pay Dh4 when crossing the charging points from 10am to 4pm and 8pm to 1am this Sunday, while it will remain free to travel between 1am and 6am.
Updated road tolls
Salik revised its road tolls in January, increasing charges from a Dh4 flat fee to Dh6 during busy periods.
From Monday to Saturday, peak rates apply from 6am to 10am and from 4pm to 8pm. Off-peak charges, between 10am and 4pm and from 8pm to 1am, remain at Dh4.
Two new Salik gates – at the Business Bay Crossing on Al Khail Road and at Al Safa South on Sheikh Zayed Road – were activated in November, taking the number of toll gates in Dubai to 10.
The Salik system was introduced in 2007 to ease traffic congestion, raise state revenue and encourage residents to use public transport. The first two gates were opened in Garhoud and Barsha, with Safa and Maktoum bridge gates added a year later. In 2013, three gates were introduced at the Airport Tunnel, and two at Mamzar – south and north. In 2018, the Jebel Ali gate was introduced.
Motorists are charged to pass through each gate, with the toll deducted automatically via tags fixed to vehicle windscreens. The tags can be bought online or at service stations and topped up online or through recharge cards.
Busier roads as population expands
In May, Salik said the number of registered active vehicles, including motorcycles, increased 9.3 per cent year-on-year to 4.47 million. There was a 7.3 per cent increase in registered drivers for the same period.
In its report for the first three months of 2025, the toll operator said it recorded 210.8 million trips, up 35.1 per cent year-on-year. Total revenue was up 33.7 per cent to Dh751.6 million, while net profit increased 33.7 per cent year-on-year to Dh370.6 million. Toll usage fees represented 88.6 per cent of revenue.
Salik said the toll rates that came into force in January, the addition of two toll gates last November and the tourism boom in Dubai all contributed.
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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.”
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Poland Statement
All people fleeing from Ukraine before the armed conflict are allowed to enter Poland. Our country shelters every person whose life is in danger - regardless of their nationality.
The dominant group of refugees in Poland are citizens of Ukraine, but among the people checked by the Border Guard are also citizens of the USA, Nigeria, India, Georgia and other countries.
All persons admitted to Poland are verified by the Border Guard. In relation to those who are in doubt, e.g. do not have documents, Border Guard officers apply appropriate checking procedures.
No person who has received refuge in Poland will be sent back to a country torn by war.