Coronavirus: UAE reports 441 new cases


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The UAE reported 441 new Covid-19 cases on Friday, after an additional 246,392 tests were carried out.

This brings the country's overall tally of infections to 1,022,066.

No deaths were reported in the past 24 hours, with the toll remaining at 2,342.

Another 412 people beat the virus, taking the total number of recoveries to 1,001,630.

More than 187.5 million PCR tests have been conducted since the start of the pandemic and nearly 25 million vaccine doses have been administered.

On Wednesday, the head of the World Health Organisation said the end of the Covid-19 pandemic is in sight.

“We have never been in a better position to end the pandemic. We are not there yet, but the end is in sight,” WHO chief Tedros Adhanom Ghebreyesus said during a briefing on Covid-19 and other global health issues.

The number of newly reported Covid cases has dropped to the lowest level since March 2020.

The WHO's latest epidemiological report on Covid-19 shows that the number of reported cases fell 28 per cent to 3.1 million during the week ending September 11, after a 12 per cent drop a week earlier.

However, as the rest of the world gradually lifts restrictions, China continues to lock down parts of the country and conduct mass testing to eradicate coronavirus within its borders.

How to turn your property into a holiday home
  1. Ensure decoration and styling – and portal photography – quality is high to achieve maximum rates.
  2. Research equivalent Airbnb homes in your location to ensure competitiveness.
  3. Post on all relevant platforms to reach the widest audience; whether you let personally or via an agency know your potential guest profile – aiming for the wrong demographic may leave your property empty.
  4. Factor in costs when working out if holiday letting is beneficial. The annual DCTM fee runs from Dh370 for a one-bedroom flat to Dh1,200. Tourism tax is Dh10-15 per bedroom, per night.
  5. Check your management company has a physical office, a valid DTCM licence and is licencing your property and paying tourism taxes. For transparency, regularly view your booking calendar.

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TICKETS

For tickets for the two-day Maharlika Pilipinas Basketball League (MPBL) event, entitled Dubai Invasion 2019, on September 27 and 28 go to www.meraticket.com.

Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

Updated: September 16, 2022, 10:57 AM