UAE Eid Al Adha Holiday Dates Announced
The United Arab Emirates has officially revealed holiday dates for Eid Al Adha, providing a timely update for both public and private sector employees. This announcement coincides with several significant developments in the region, including new tax guidelines, impending adjustments to fuel prices, and exciting real estate innovations in Dubai.
Eid Al Adha 2025 Holiday Schedule
In a recent statement, the UAE government disclosed that Eid Al Adha holidays for 2025 will start on June 5 and extend through June 8. Specifically, these dates correspond to 09 Dhu Al-Hijjah 1446 AH through 12 Dhu Al-Hijjah 1446 AH in the Islamic calendar. Normal business activities will resume on June 9, 2025.
Updates on Petrol Prices for June
As petrol prices fluctuate, motorists in the UAE should prepare for changes effective in June 2025. After minimal increases in May, prices for the popular Super 98, Special 95, E-Plus 91, and diesel remain relatively stable. However, drivers can take solace in the fact that filling up their tanks has become more affordable compared to last year. This trend of decreasing prices has been notable despite the variations throughout the last twelve months.
New Corporate Tax Policies for Partnerships
The UAE Ministry of Finance has introduced fresh corporate tax regulations aimed at enhancing business transparency and creating a more favorable environment for entrepreneurship. Under the new rules, unincorporated partnerships will be treated with greater tax consideration, aligning with the Federal Decree-Law No. (47) of 2022 concerning corporate tax. This strategic move highlights the government’s commitment to fostering a more robust economic landscape.
Significant Road Development in Dubai
Residents of Al Warqa in Dubai can anticipate a major transformation in their commuting experience. The Roads and Transport Authority (RTA) plans to open a new entry and exit to Al Warqa via Sheikh Mohammed Bin Zayed Road. Optimistically, this project is set to cut travel times from around 20 minutes down to an astonishing 3.5 minutes. Alongside this reduction, it aims to increase road capacity significantly, accommodating an additional 5,000 vehicles per hour.
Launch of the Region’s First Tokenised Real Estate Platform
The Dubai Land Department has partnered with Prypco to roll out the region’s inaugural tokenised real estate investment platform, aptly named Prypco Mint. The initiative enlists collaboration from various regulatory bodies, including the Virtual Assets Regulatory Authority. This endeavor is a vital part of the Real Estate Sandbox project and seeks to innovate traditional property investment options, making them more accessible.
Major Real Estate Acquisition by Binghatti
In a noteworthy move for the local property market, Binghatti Holding Ltd has acquired over 8 million square feet in the Nad Al Sheba area for the development of a large-scale residential community. This investment reflects a staggering anticipated total value exceeding AED 25 billion. Positioned near key transportation routes, this new project promises to be a valuable addition to Dubai’s luxury living options.
Disneyland Abu Dhabi and Its Impact on Real Estate
The recent announcement of a Disneyland theme park on Yas Island has sparked renewed interest in Abu Dhabi’s real estate sector. Experts anticipate that this development will drive investor curiosity and influence property prices. As demand for off-plan units grows, this project positions Yas Island as an increasingly attractive destination for residential investment.
Sobha Realty’s U.S. Expansion Plans
Luxury property developer Sobha Realty has unveiled plans for a significant expansion into the U.S. market, targeting cities in Texas such as Dallas, Houston, and Austin. This strategic move aims to capitalize on the cities’ booming population and economic stability, further enhancing Sobha’s market presence beyond UAE borders.
Challenges for UAE Retail Markets
Experts warn of potential pressures in UAE retail markets, particularly in non-prime locations, as shifts in global trade dynamics unfold. Recent U.S. tariffs on Chinese goods might prompt price adjustments within the UAE, particularly affecting secondary markets known for retail.
Legal Action Against Domestic Worker Recruitment Violations
In a bid to uphold standards within the employment sector, the UAE’s Ministry of Human Resources and Emiratisation is taking firm action against domestic worker recruitment agencies that violate regulations. Legal proceedings have been initiated against 30 offices following nearly 89 confirmed infractions within the first quarter of 2025, emphasizing the Ministry’s commitment to compliance and monitoring.
This week’s announcements encapsulate the dynamic developments shaping the UAE, from holidays and investment opportunities to vital improvements in infrastructure.
