This week was eventful in the Middle East, featuring significant updates such as the UAE visa changes, the introduction of a symbol for the Saudi riyal, new regulations in Dubai‘s rental market, and Mona Kattan’s departure from Huda Beauty. These developments not only impact residents and visitors but also shape the region’s economic and cultural landscape. Here’s a closer look at 10 things you might have missed this week, showcasing crucial UAE visa changes, financial reforms from Saudi Arabia, and insights into Dubai’s real estate sector.
Saudi Arabia Approves Riyal Symbol
In a landmark decision, Saudi Arabia has officially approved a symbol for the riyal, marking a significant step toward solidifying the currency’s identity. King Salman bin Abdulaziz Al Saud has endorsed this initiative, which the Saudi Central Bank (SAMA) claims will enhance the riyal’s standing both locally and internationally. SAMA Governor Ayman Al Sayari expressed gratitude to the King and Crown Prince Mohammed bin Salman for pushing this forward.
Al Sayari explained that the implementation of the new riyal symbol will occur gradually, aimed at aligning financial documentation and transactions across various sectors.
UAE Expands Visa-On-Arrival Program for Indians
The UAE has unveiled significant changes to its visa regulations, particularly the expansion of the visa-on-arrival program for Indian passport holders. Effective from February 13, 2025, Indian citizens with valid visas, residence permits, or Green Cards from six new countries will now enjoy easier access to the UAE.
The countries included are Singapore, Japan, South Korea, Australia, New Zealand, and Canada, thereby streamlining the travel process for Indian nationals and potentially boosting tourism.
Dubai Announces Stricter Rent Regulation
The Dubai Land Department (DLD) has introduced new regulations concerning rent increases. Landlords are now mandated to provide tenants with a 90-day notice before the contract’s expiration regarding any potential rent hikes. Such increases must be justified by the newly established Smart Rental Index, which assesses rental prices based on various factors.
The DLD has clarified that if landlords fail to adhere to this notice period, any proposed rent increases will not be permitted, further protecting tenant rights.
Upcoming Changes in UAE Personal Status Laws
The UAE is set to implement a groundbreaking overhaul of its personal status laws beginning April 15. The new Federal Personal Status Law No. 41 of 2024 will introduce significant changes to marriage consent, custody arrangements, and divorce protocols, impacting countless families across the nation.
Among the notable revisions is a provision allowing wives to initiate divorce procedures if husbands neglect marital relations for over six months without valid justification, even if the husband had previously vowed to abstain, according to legal expert Asma Siddiqui.
NEOM Unveils Plans for the City’s First Phase: The Hidden Marina
As part of its ambitious project, NEOM has announced the Hidden Marina as the first development phase of THE LINE. Chief Development Officer Denis Hickey shared details during a recent conference in Riyadh, stating that the Marina will span 2.5 kilometers and tower 500 meters high. The complex will include three interlinked modules designed to accommodate over 200,000 residents.
The total built-up area will encompass 21 million square meters, exceeding the Burj Khalifa’s current footprint, further underscoring the scale of this monumental venture.
Dubai’s Real Estate Market Surges in 2025
Dubai’s prime residential market is showing strong forecasts for 2025, with predictions indicating capital values may rise by as much as 9.9%. A recent report from Savills reflects an upward trend, following a 6.8% increase in prime residential capital values and a staggering 23.5% in rental prices through 2024.
Andrew Cummings from Savills Middle East noted that high demand is outpacing supply in some of the city’s most desired neighborhoods, painting Dubai as a magnet for global investors seeking lucrative opportunities amidst ongoing developments.
New 500m Dubai Hotel Promises Unique Amenities
In an exciting development, Corinthia Hotels, in collaboration with Dubai General Properties, has announced plans for a spectacular new hotel exceeding 500 meters. Set to launch in 2030, this project aims to feature the “world’s highest outdoor pool” as part of its luxury offerings.
Located on Sheikh Zayed Road, near the Museum of the Future, this towering twin-tower structure will redefine Dubai’s skyline and cater to the city’s increasing demand for upscale accommodations.
Mona Kattan Leaves Huda Beauty
Mona Kattan has officially stepped away from Huda Beauty to focus on leading KAYALI, her independent fragrance brand. This strategic move allows KAYALI, co-founded with her sister Huda in 2018, to operate autonomously following Huda Beauty’s decision to sell its stake in the brand.
Known as the “Perfume Princess,” Mona has been pivotal in driving KAYALI’s growth, and she will maintain her position as CEO while partnering with General Atlantic to expand the brand further.
Surge in Demand for Ultra-Luxury Homes in Dubai
January 2025 marked a significant upswing in Dubai’s ultra-luxury real estate market, with a considerable influx of wealthy buyers actively pursuing high-end properties in prime locations. The surge in transactions reflects a notable shift in investor sentiment, as luxury real estate is increasingly regarded as a key asset class.
This growing demand is believed to be driven by anticipated price increases resulting from limited availability in prime districts, coupled with the influx of high-net-worth individuals (HNWIs) relocating to Dubai.