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In today’s newsletter:

Dubai’s Roads and Transport Authority (RTA) has announced that it is conducting a survey along with other relevant government authorities to better understand the current work practices of the private sector in an effort to tackle traffic congestion. The survey aims to determine how to expand flexible hours and remote working arrangements to reduce congestion during peak hours.

In addition, RTA has also announced that Dubai Metro services will return to normal operations on May 28 at the four stations impacted by recent bad weather. The Metro stations – ONPASSIVE, Equiti, mashreq, and Energy – will resume their usual daily schedules once maintenance and safety tests have been completed to ensure passenger safety and efficiency.

In other news, Dubai has taken the crown as the city in the Middle East with the highest growth of millionaire numbers according to the latest wealth report, cementing its position as a magnet for the world’s wealthy. The emirate recorded a staggering 78 percent increase in its millionaire population over the past decade, according to the 2024 World’s Wealthiest Cities Report published by international wealth migration specialists Henley & Partners in collaboration with global data firm New World Wealth.

Dubai Holding Entertainment (DHE), one of the region’s largest entertainment groups, is “working hard” to open its well-known attraction – Ain Dubai – to the public, the company’s CEO Fernando Eiroa told Arabian Business. Eiroa’s comments came on the side lines of the 2024 edition of the Arabian Travel Market held at Dubai World Trade Centre (DWTC).

Aside from this, after four decades of leading Dubai Duty Free, Colm McLoughlin, the Executive Vice Chairman & CEO, has announced he is stepping down. “I am pleased to announce my retirement and want to extend my sincere thanks to all of our management and staff who have supported me so well,” McLoughlin said.

THE LONGER READ:

The choice between off-plan and ready-to-move properties in Dubai transcends mere financial considerations, embodying a strategic blend of risk appetite, market dynamics, and long-term vision

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