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Etihad Rail has announced that the new passenger rail service will reduce travel times significantly across the UAE. A trip from Abu Dhabi to Dubai will take 57 minutes, and from Abu Dhabi to Fujairah, 105 minutes.

A journey from Abu Dhabi to Al Ruwais will take 70 minutes. The service is expected to boost commuting, tourism, and trade by linking 11 cities, including Dubai, Sharjah, and Fujairah, with trains traveling at up to 200 km/h, carrying up to 400 passengers.

Stations will be integrated with local transport networks, offering connections to taxis and ride-hailing services. The trains will feature Wi-Fi, entertainment systems, and onboard food and drink. Etihad Rail estimates that by 2030, 36 million people will use the service annually.

The first passenger station will be in Fujairah, with future stations planned in Sharjah and other cities. A luxury train service was also unveiled, expected to run from Fujairah to the Liwa desert in Abu Dhabi.

Etihad Rail’s freight network is already operational, and the UAE is collaborating with Oman to develop a rail link between the two countries. The joint project, Hafeet Rail, secured $1.5 billion in funding, supported by international and regional banks. The project also includes contracts issued to China Railway International Group for the construction of stations in Dubai and Abu Dhabi.

Source: https://www.thenationalnews.com/news/uae/2024/10/15/etihad-rail-journey-times/

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Wynn Al Marjan Island in Ras Al Khaimah, will feature a 225,000 sq. ft gaming area, constituting about 4% of the property’s total floor area. It has been granted a 15-year renewable land-based gaming facility license, marking the UAE's first commercial gaming operation.

The property is expected to generate long-term economic benefits for Ras Al Khaimah, including the employment of 7,500 staff and growth in leisure and MICE (meetings, incentives, conferences, and exhibitions) tourism.

The UAE will limit each emirate to a single land-based gaming license. Wynn anticipates that two other "competitive integrated resorts" will eventually be established in the country. Last month, US-based MGM Resorts International revealed it had submitted an application for a gaming license in Abu Dhabi.

The project represents a $5.1 billion investment, with $4 billion allocated to development costs. It is described as the largest foreign direct hospitality investment in Ras Al Khaimah. Wynn anticipates significant revenue from both gaming and non-gaming activities.

The resort will be a full-scale luxury integrated development, featuring 1,542 rooms and suites, 22 dining outlets, a shopping esplanade, and conference facilities.

Source: https://www.khaleejtimes.com/business/uae-casino-operator-wynn-reveals-gaming-area-size-at-ras-al-khaimah-property

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Dubai's rental market is experiencing a significant shift as tenants opt for multiple-cheque rent payments despite higher costs. The trend, particularly in premium areas like Downtown Dubai, Marina, and Business Bay, allows tenants to manage rising rental prices by spreading payments across four or more cheques. According to experts, there has been a 33-36% rise in tenants choosing six or eight cheque payments compared to last year, with 32% of contracts in Q3 2024 using four-plus cheque payments.

The demand for flexible payment options is driven by new residents and high-net-worth individuals relocating to Dubai. This has fueled a surge in rental demand, especially for high-end properties, pushing rents to all-time highs. While this provides tenants flexibility and reduces the burden of large upfront payments, landlords often increase rates for those opting for multiple payments.

Institutional landlords, like Wasl, are more flexible, offering monthly payments and accepting various payment methods, including electronic transfers. However, many landlords still prefer fewer cheques and may raise rents for tenants requesting more payment installments.

With rising population and demand, particularly from high-net-worth individuals, luxury rentals remain in high demand. In Q3 2024, listings and viewings for rentals increased significantly, with a notable rise in ultra-luxury rentals due to limited property availability. Experts predict the premium market will continue to grow, driven by the expected doubling of millionaires in the coming decade.

Source:https://www.khaleejtimes.com/business/realty/dubai-tenants-opt-for-multiple-payments-amid-rising-rents-but-face-increased-rates