The Ruler of Sharjah on Saturday opened a Dh122 million neighbourhood in Kalba providing 151 homes for Emiratis.
Sheikh Dr Sultan bin Muhammad Al Qasimi said the launch of the Al Saf Residential Complex was in line with the emirate's efforts to provide suitable housing and bolster the quality of life of its citizens.
The first phase of the scheme was completed in 18 months, with the next stage scheduled to be delivered by the end of February.
Each house in the development, which spans 417,000 square metres, features five rooms.
The project also includes a public park and other amenities.
Sheikh Dr Sultan planted an almond tree within Al Saf Park, which is at the heart of the newly opened residential area.
The inauguration ceremony was attended by various sheikhs and officials.
Meeting needs of growing population
Sharjah has sought to deliver vital housing support to Emirati families amid a population boom.
The latest Sharjah Census, published in May, showed the emirate's population had grown by 22 per cent to 1.8 million, from 1.4 million in 2015
In June, Sheikh Dr Sultan increased the number of Emiratis who can apply for housing aid by 50 per cent.
The announcement means that an additional 500 families will be eligible to apply for assistance each year.
The cap was 1,000 applications per year, but will now be increased to 1,500 by the Sharjah Housing Programme.
The programme was launched in 2012 and has since spent Dh8.9 billion ($2.4 billion) to aid Emiratis, benefitting 10,879 families.
This figure includes more than Dh5 billion in housing grants and Dh3.4 billion in housing loans.
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
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MATCH INFO
Quarter-finals
Saturday (all times UAE)
England v Australia, 11.15am
New Zealand v Ireland, 2.15pm
Sunday
Wales v France, 11.15am
Japan v South Africa, 2.15pm
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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.
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The bio
Job: Coder, website designer and chief executive, Trinet solutions
School: Year 8 pupil at Elite English School in Abu Hail, Deira
Role Models: Mark Zuckerberg and Elon Musk
Dream City: San Francisco
Hometown: Dubai
City of birth: Thiruvilla, Kerala
What is Diwali?
The Hindu festival is at once a celebration of the autumn harvest and the triumph of good over evil, as outlined in the Ramayana.
According to the Sanskrit epic, penned by the sage Valmiki, Diwali marks the time that the exiled king Rama – a mortal with superhuman powers – returned home to the city of Ayodhya with his wife Sita and brother Lakshman, after vanquishing the 10-headed demon Ravana and conquering his kingdom of Lanka. The people of Ayodhya are believed to have lit thousands of earthen lamps to illuminate the city and to guide the royal family home.
In its current iteration, Diwali is celebrated with a puja to welcome the goodness of prosperity Lakshmi (an incarnation of Sita) into the home, which is decorated with diyas (oil lamps) or fairy lights and rangoli designs with coloured powder. Fireworks light up the sky in some parts of the word, and sweetmeats are made (or bought) by most households. It is customary to get new clothes stitched, and visit friends and family to exchange gifts and greetings.
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Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.