Latest news with #Dh11
Time of India
04-07-2025
- Time of India
1 in 3 UAE residents plans at least two overseas trips in 2025: Survey
A third of UAE residents plan to travel abroad at least twice in 2025, with safety, budget, and digital convenience shaping their journey decisions/Representative Image One in three UAE residents is planning to travel abroad at least twice this year, with overall travel intent remaining high, according to the Allianz Partners Travel Index 2025. The survey, conducted between February 11 and 19 among 500 UAE respondents, explored travel habits, destination preferences, and emerging concerns for the year ahead. High-income travellers were more likely to take five or more trips annually. Travel budgets varied by income, but 34% of respondents plan to spend more than $3,000 (around Dh11,000) on their next holiday. Where are UAE residents heading? The Middle East and North Africa remained the most popular regions, attracting 30% of respondents, while 26% preferred the UK and Europe. Younger travellers under 30 showed growing interest in destinations across Central America and the Caribbean, pointing to emerging trends among Gen Z and millennials. The average trip duration falls between nine and fifteen days. Most travellers said they prefer travelling with family or companions. What influences travel decisions? Travel planning typically begins up to three months in advance. Social media platforms especially YouTube, Facebook, and Instagram along with family and friend recommendations, remain top sources of inspiration. When it comes to digital tools, 45% of travellers highlighted the ability to store travel documents digitally as the most useful feature in travel apps. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo Safety, insurance, and digital assets take priority Safety and peace of mind are now top priorities for UAE travellers. Personal safety topped the list of concerns, cited by 44% of respondents, followed by fears of extreme weather, flight disruptions, and financial pressures. Higher-income travellers were more concerned about geopolitical tensions, while younger travellers placed added emphasis on securing digital assets and travel documentation. Interest in travel insurance is on the rise, with 26% of travellers saying they intend to purchase policies through travel websites. Among these, 50% said the main reason was for overall peace of mind, while 35% pointed to the importance of medical emergency coverage and benefit limits especially for longer international trips.
Al Etihad
03-07-2025
- Al Etihad
1 in 3 UAE residents plans to travel abroad at least twice this year
3 July 2025 23:40 MAYS IBRAHIM (ABU DHABI)Most UAE residents intend to go on a trip abroad this year, with a third even planning to travel at least twice in the next 12 months, according to the Allianz Partners Travel Index on a survey of 500 respondents in the UAE, conducted between February 11 and 19, the report explores residents' travel plans, preferences, and concerns for the year earners are likely to take up to five or more trips annually, the findings showed. While travel budgets vary with household income, 34% of respondents plan to spend more than $3,000 (approximately Dh11,000) on their next Middle East and North Africa remain the most popular outbound travel regions for UAE travellers, attracting 30% of respondents, followed by the UK and Europe at 26%, the report said. Younger travellers under 30, however, are increasingly drawn to Central America and the Caribbean Islands, signalling emerging destination trends among Gen Z and millennials. The average holiday duration ranges between nine and 15 days, with most travellers preferring to go with family or planning spans up to three months for most respondents, who rely on recommendations from family, friends, and social media platforms - particularly YouTube, Facebook, and Instagram - for travel inspiration. When it comes to travel apps, 45% of respondents say that the most useful feature is the ability to store travel documents digitally. The report also revealed that safety and peace of mind are emerging as top priorities for UAE travellers, influenced by ongoing global events and financial safety is the top concern, cited by 44% of respondents, followed by fears of extreme weather events, financial constraints, and flight travellers are particularly cautious about geopolitical tensions, while younger travellers place importance on securing travel documents and digital assets while abroad. The survey showed that interest in travel insurance is growing, with 26% of respondents planning to purchase policies through travel websites. Among those purchasing insurance, half say their main motivation is to ensure security and peace of mind. Meanwhile, 35% of respondents highlight medical emergency benefits and coverage limits as the most crucial factors influencing their insurance purchase, especially for extended international trips.
Time of India
02-07-2025
- Time of India
UAE residents plan to save big for summer season travel as tensions in the region continue
As the summer season settles in the United Arab Emirates (UAE), travel climbs up the priority list for Emiratis. Many of them are willing to save well over Dh11,000 (or $3,000) per person for such holidays, according to the new Allianz Partners Travel Index . The travel index claims that as many as 34% of UAE respondents said they were looking to save Dh11,000 ($3,000) or more for those trips. Meanwhile, another 17% said they plan to set aside Dh9,200 to Dh11,000 to execute their travel plans, according to a Gulf News report. The Allianz Travel Index also projected that many UAE residents are emphasising travelling abroad during the year. This becomes crucial as global travel experiences a shaky phase due to the Middle East tensions triggered by the Israel-Iran conflict. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Dubai villas | search ads Get Deals Undo The conflict had led to cancellations of across-the-board service on regional routes by the airline. The Allianz survey, however, revealed that the Middle East remains among the top destinations for inward travel. 'Recent tensions in parts of the Middle East may lead some travellers to adjust or delay certain plans,' an Allianz spokesperson said. 'But outbound travel from the UAE is still expected to be driven by strong demand for leisure, family visits, and business travel. We continue to closely monitor global developments to support travellers with timely information, flexible protection options, and peace of mind wherever their journeys take them,' the spokesperson further stated. Live Events The fliers and holiday goers are taking out travel insurance more than that in the past, even when their end destination visas do not require them to do so. Travel insurance comes in handy whenever fliers face flight delays, sudden health issues, etc. It is also pertinent to mention that they don't come into play when airlines announce cancellations due to unforeseen circumstances, such as conflict breaking out.
Khaleej Times
20-05-2025
- Business
- Khaleej Times
Dubai: Gold prices rise to Dh392, recover in early trade after big drop
Gold prices increased at the opening of the markets in Dubai on Tuesday after losing over Dh11 in yesterday's session. At 9am on Tuesday, the 24 karat traded at Dh392, recovering some of the losses recorded yesterday. Among the other variants, 22 karat, 21 karat and 18 karat were trading at Dh362.75, Dh348 and Dh298.25 per gram, respectively. Spot gold was trading at $3,258.43 per ounce, up 1 per cent. Precious metal plunged yesterday after the US and China announced a trade deal, prompting investors to move away from the safe haven commodity. Analysts said positive trade developments reduced demand for safe-haven assets. US-China trade tensions showed signs of easing following a major breakthrough in talks held in Switzerland. The two countries agreed to temporarily suspend tariffs. The 90-day pause provided further relief to global markets. 'There is some value-buying happening on gold at current levels which is helping to prop up the price, despite the generally better outlook for global growth with the US and China on better terms. The consolidation move in the dollar has allowed the gold price to make a mild push higher," said Tim Waterer, chief market analyst at KCM Trade. Traders await the US Consumer Price Index report which is due today for fresh signals on the US Federal Reserve's monetary policy trajectory. The market is expecting a 55-basis-point rate cut this year by the Fed, starting September. 'If the inflation data happened to produce a downside miss this could take some momentum away from the US dollar, which could see gold make forward progress," Waterer said.
Khaleej Times
20-05-2025
- Business
- Khaleej Times
Dubai: Gold prices plunge further, losing over Dh11 per gram
Gold prices plunged further on Monday afternoon, taking the day's drop to over Dh11 per gram. The Dubai Jewellery Group data showed 24-karat trading at Dh389 per gram, down from Dh400.5 per gram at the close of the markets over the weekend. It was trading at Dh395.25 per gram when markets opened at 9am UAE time. Similarly, 22-karat, 21-karat and 18-karat slipped to Dh360, Dh345.25 and Dh295.75 per gram, respectively. Spot gold fell to $3,234 per ounce, down 2.7 per cent, at 5pm UAE time as the precious metal lost its appeal as a safe haven due to US-China temporarily agreeing to slash tariffs in order to defuse trade war. Vijay Valecha, chief investment officer of Century Financial, said gold's Friday rally was short-lived as prices stuck to intraday losses through the Asian session on Monday, and the latest optimism over a US-China trade deal undermined demand for traditional safe-haven assets. 'The US and China will temporarily lower tariffs on each other's products… in a move to cool trade tensions and give the world's two largest economies three more months to resolve their differences,' he said. The combined 145 per cent US levies on most Chinese imports will be reduced to 30 per cent including the rate tied to fentanyl by May 14, while the 125 per cent Chinese duties on US goods will drop to 10 per cent, according to the statement and officials in a briefing Monday. 'This, along with the Federal Reserve's pause on rate cuts, assisted the US dollar to stand firm near a multi-week top, exerting pressure on the commodity.' On the geopolitical front, Valecha added that risks have shown tentative signs of easing. Russian President Vladimir Putin has agreed to hold direct talks with Ukrainian President Volodymyr Zelenskyy on May 15, without preconditions. Meanwhile, Hamas announced plans to release Edan Alexander, the last known American hostage held in Gaza, and confirmed it will engage in direct discussions with the US aimed at achieving a ceasefire and resuming humanitarian aid. 'Looking ahead, the spotlight shifts to upcoming US inflation data and a key speech from Federal Reserve Chair Jerome Powell on Thursday. These events are likely to offer fresh insights into the Fed's monetary policy path and could play a pivotal role in shaping gold's trajectory in the near term,' added Valecha. He added that the yellow metal could test the psychological $3,200 level, followed by the $3,163 level. Resistance can be seen at $3,300, and any recovery above this level can solidify bullish momentum.
