A resort in the Maldives, a popular destination for UAE residents over the Eid Al Adha holiday. Photo: Christopher Cypert
A resort in the Maldives, a popular destination for UAE residents over the Eid Al Adha holiday. Photo: Christopher Cypert
A resort in the Maldives, a popular destination for UAE residents over the Eid Al Adha holiday. Photo: Christopher Cypert
A resort in the Maldives, a popular destination for UAE residents over the Eid Al Adha holiday. Photo: Christopher Cypert

Six-day Eid Al Adha break leads to jump in some UAE airfares


  • English
  • Arabic

Airfares from the UAE have soared for some of the most popular destinations during the Eid Al Adha break.

Residents are taking advantage of the six-day holiday to take a long midsummer break, but for some travellers, it may come at a steep cost.

Flying from Abu Dhabi to the Maldives with Etihad Airways on Friday, July 7 – after the break – will cost Dh2,700 ($735). However, for anyone looking to escape early for Eid a ticket leaving this Friday is priced at Dh4,000.

The prices of some flights are jumping as travellers look to get away for the Eid Al Adha break. Photo: Etihad Airways screengrab
The prices of some flights are jumping as travellers look to get away for the Eid Al Adha break. Photo: Etihad Airways screengrab

Similarly, prices of flights to the Seychelles are rising fast. From Abu Dhabi this week, it costs Dh2,600 but a flight next week will set you back Dh4,000.

Flights from Abu Dhabi to Nairobi this week are priced at Dh2,700 with Etihad on Thursday, but the cost shoots up to Dh10,600 on Friday.

Prices to Beirut from Dubai, which can be as low as Dh1,500 during non-holiday times according to online travel agency Skyscanner, are priced around Dh3,500 with FlyDubai and Dh4,500 with Emirates.

Travellers going to Kochi, in the south-western Indian state of Kerala, would often pay around Dh1,600 for flights. During Eid week, prices have rocketed to more than Dh3,500 for direct flights with Emirates and more than Dh4,000 with Indian carriers SpiceJet and Air India Express.

Dubai to London, ranked as one of the busiest routes in the world, is typically priced around Dh3,000. But during Eid Al Adha week, the flights have increased to close to Dh4,000.

Higher booking fare

Online travel company Wego said it has seen a significant increase in what travellers are paying this year

“The average booking value between 1 to 20 June 2023 is around 36 per cent higher than the same period last year, with the average airfare from the UAE starting around $832 during the upcoming Eid Al Adha period,” said Mamoun Hmedan, Wego's chief commercial officer and managing director for the Middle East and North Africa and India.

“Around 2.5 million searches from the UAE were recorded on our platform for travel between 23 June 2023 to 1 July 2023.”

Top destinations for Wego travellers during Eid include India, Egypt, Jordan, Morocco, Turkey, Lebanon, Thailand, the Philippines, Saudi Arabia and Tunisia.

Travellers hoping to visit Istanbul this Eid will need to choose their travel date carefully to avoid high prices. Photo: flydubai screengrab
Travellers hoping to visit Istanbul this Eid will need to choose their travel date carefully to avoid high prices. Photo: flydubai screengrab

Mr Hmedan said the longer break this year has seen an increase in those looking to getaway.

“We see a lot of family and friends travel during the Eid where people are looking to travel back home to see their families, especially since it coincides with school breaks,” he said.

“We also observe an increase in the average trip duration to 12 days.

“To get better airfares, people are either avoiding travelling at the beginning of the Eid break or adding more days to get better bargains.

“Other countries that are in demand during this period are Azerbaijan, Oman, Great Britain, Indonesia, Bosnia, Qatar, and Nepal,” said Mr Hmedan.

“Some of these countries are visa on arrival or visa-free for GCC residents and people take advantage of the Eid break to explore such destinations.”

Online travel agency Skyscanner said 87 per cent of UAE travellers are planning to get away this Eid Al Adha holiday, with 54 per cent of those polled saying visa-free entry into the destination was an important factor in their travel planning.

The OnePoll research survey, which was conducted in May with 1,000 UAE respondents, also found that almost half of travellers – 48 per cent – from the UAE are searching for trips of a week or less.

“We’re seeing high demand for travel during the Eid Al Adha break with GCC residents being eager to make up for lost time since the pandemic and make the most of the extended holiday period,” said Skyscanner global social media manager Ayoub El Mamoun.

While prices have increased for many routes, he said they are not seeing a sharp increase in prices for all routes during Eid.

“In addition to this increased demand, travel is being affected by some of the same external factors we are seeing drive prices up across many other sectors, driven by higher operating costs,” Mr El Mamoun said.

“However, prices are not rising on every route, nor at the same rate, and there are still great deals for travellers hoping to get away during Eid, especially if they shop around.”

He said some of the best deals for Eid Al Adha from the UAE include Abu Dhabi to Muscat for Dh360, Dubai to Tashkent for Dh1,600 and Abu Dhabi to Ankara for Dh1,367.

Eid Al Adha begins on Wednesday, June 28.

Both public and private sector employees will receive as many as six days off for the holiday.

Staff will be granted paid leave from Tuesday, June 27, until Friday, June 30, authorities have confirmed.

Aayan%E2%80%99s%20records
%3Cp%3E%3Cstrong%3EYoungest%20UAE%20men%E2%80%99s%20cricketer%3C%2Fstrong%3E%3Cbr%3EWhen%20he%20debuted%20against%20Bangladesh%20aged%2016%20years%20and%20314%20days%2C%20he%20became%20the%20youngest%20ever%20to%20play%20for%20the%20men%E2%80%99s%20senior%20team.%20He%20broke%20the%20record%20set%20by%20his%20World%20Cup%20squad-mate%2C%20Alishan%20Sharafu%2C%20of%2017%20years%20and%2044%20days.%3Cbr%3E%20%3Cbr%3E%3Cstrong%3EYoungest%20wicket-taker%3C%2Fstrong%3E%3Cbr%3EAfter%20taking%20the%20wicket%20of%20Bangladesh%E2%80%99s%20Litton%20Das%20on%20debut%20in%20Dubai%2C%20Aayan%20became%20the%20youngest%20male%20cricketer%20to%20take%20a%20wicket%20against%20a%20Full%20Member%20nation%20in%20a%20T20%20international.%3Cbr%3E%20%3Cbr%3E%3Cstrong%3EYoungest%20in%20T20%20World%20Cup%20history%3F%3C%2Fstrong%3E%3Cbr%3EAayan%20does%20not%20turn%2017%20until%20November%2015%20%E2%80%93%20which%20is%20two%20days%20after%20the%20T20%20World%20Cup%20final%20at%20the%20MCG.%20If%20he%20does%20play%20in%20the%20competition%2C%20he%20will%20be%20its%20youngest%20ever%20player.%20Pakistan%E2%80%99s%20Mohammed%20Amir%2C%20who%20was%2017%20years%20and%2055%20days%20when%20he%20played%20in%202009%2C%20currently%20holds%20the%20record.%3C%2Fp%3E%0A
War 2

Director: Ayan Mukerji

Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana

Rating: 2/5

The President's Cake

Director: Hasan Hadi

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

Rating: 4/5

TO%20CATCH%20A%20KILLER
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EDamian%20Szifron%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Shailene%20Woodley%2C%20Ben%20Mendelsohn%2C%20Ralph%20Ineson%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A

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.”

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Results

6pm: Dubai Trophy – Conditions (TB) $100,000 (Turf) 1,200m 

Winner: Silent Speech, William Buick (jockey), Charlie Appleby
(trainer) 

6.35pm: Jumeirah Derby Trial – Conditions (TB) $60,000 (T)
1,800m 

Winner: Island Falcon, Frankie Dettori, Saeed bin Suroor 

7.10pm: UAE 2000 Guineas Trial – Conditions (TB) $60,000 (Dirt)
1,400m 

Winner: Rawy, Mickael Barzalona, Salem bin Ghadayer 

7.45pm: Al Rashidiya – Group 2 (TB) $180,000 (T) 1,800m 

Winner: Desert Fire, Hector Crouch, Saeed bin Suroor 

8.20pm: Al Fahidi Fort – Group 2 (TB) $180,000 (T) 1,400m 

Winner: Naval Crown, William Buick, Charlie Appleby 

8.55pm: Dubawi Stakes – Group 3 (TB) $150,000 (D) 1,200m 

Winner: Al Tariq, Pat Dobbs, Doug Watsons 

9.30pm: Aliyah – Rated Conditions (TB) $80,000 (D) 2,000m 

Winner: Dubai Icon, Patrick Cosgrave, Saeed bin Suroor  

NATIONAL%20SELECTIONS
%3Cp%3E6pm%3A%20Falling%20Shadow%3Cbr%3E6.35pm%3A%20Quality%20Boone%3Cbr%3E7.10pm%3A%20Al%20Dasim%3Cbr%3E7.45pm%3A%20Withering%3Cbr%3E8.20pm%3A%20Lazuli%3Cbr%3E8.55pm%3A%20Tiger%20Nation%3Cbr%3E9.30pm%3A%20Modern%20News%3C%2Fp%3E%0A
Zodi%20%26%20Tehu%3A%20Princes%20Of%20The%20Desert
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EEric%20Barbier%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EYoussef%20Hajdi%2C%20Nadia%20Benzakour%2C%20Yasser%20Drief%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Mobile phone packages comparison
How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20SupplyVan%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2029%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20MRO%20and%20e-commerce%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20Seed%3C%2Fp%3E%0A
COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
Updated: June 23, 2023, 3:00 AM