The new accord between the UAE and Qatar is expected to benefit the UAE real estate market significantly
Industry experts predict the real estate market could be one of the biggest winners from the new deal with Qatar.
Qatar is known to be an important investor internationally, specifically within the GCC - The removal of all restrictions will create a free flow of capital which would create a positive outcome for the regional property market.
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Normally if a UAE resident is outside the country for longer than 180 days, then their residency visa will automatically be cancelled. Due to the pandemic last year and countries closing their borders, this rule was changed as people were physically not able to travel back into the country.
The deadline was set at 31st December 2020, this has now been extended until 31st March 2021. Residents returning to Dubai are still required to get approval from the General Directorate of Residency and Foreign Affairs GDRFA.
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The blockade, which has been going on since 2017, ended on Tuesday 5th January when all four countries signed an accord with Qatar at the 41st summit of Gulf Cooperation Council leaders - prior to this agreement Saudi Arabia had already announced they would be opening all land, air and sea borders with Qatar.
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The Department of Health – Abu Dhabi and Abu Dhabi Public Health, aim to get as many individuals inoculated against the virus by offering a free vaccine through this campaign.
The vaccine being used is the UAE approved Chinese Sinopharm vaccine. Phase 3 trials last year involved 31,000 people who all found it was effective against coronavirus.
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The Saudi-Qatar border is set to reopen on the eve of the 41st Gulf Cooperation Council summit, in Saudi Arabia today, Tuesday 5th January. This sends a positive message on the success of the summit.
United Arab Emirates, Bahrain and Egypt have joined Saudi Arabia in boycotting Doha since 2017 – air, land, and sea borders remain closed in these gulf countries.
With the Saudi-Qatar border reopening, Doha Airlines will be able to cross Saudi airspace which means they will be able to add more flight routes and will make existing flights shorter.
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Fenix are already operating in Dubai, Abu Dhabi, Ras al Khaimah and have recently launched in Fujairah, they have partnered up with Fujairah Holdings and Fujairah Municipality to provide the vehicles across the emirate.
The company has the largest fleet of purpose-built electric scooters in the region and plans to provide to all seven emirates by the end of 2021 and then expand to the GCC in 2022.
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Mahani-1 gas well begins its first gas production within a year of discovery – a huge achievement for Sharjah and a first in the emirate for 36 years.
The gas well was drilled to a total measured depth of 14,597 feet and tested gas flows rates of up to 50 MMSCF per day – Mahani-1 is now connected to the existing pipelines, safely producing gas and liquids for processing at the Sajaa gas processing plant which is also owned and operation by SNOC
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Air, land and sea borders were closed on the 20th of December as a precaution against the spread of a new variant of coronavirus, this was then extended on the 27th December as the precautionary measures continued.
Travellers coming from countries identified to have the new variant must quarantine for 14 days. In a country considered safe from the mutated virus a negative PCR certificate is sufficient.
Travellers from other countries will have to undergo a minimum of 3 days, maximum of 6 days home quarantine and provide a negative PCR certificate at the end of this period.
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More than 30 countries suspended flights from the UK on Monday following the discovery of a new fast-spreading mutation of the Covid-19 virus.
Prime Minister Boris Johnson held an emergency session on Monday after France closed its borders to hauliers for 48 hours amid concerns of fresh food shortages as trucks queuing up outside the southern coastal port of Dover.
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