Demand for real estate in Dubai has boomed as the government eases visa policies, attracting more investors seeking to protect their assets, cryptocurrency millionaires, and wealthy people creating second homes.
In the latest sign of the mania sweeping one of the world’s most frenetic property markets, hundreds of buyers lined up overnight outside a developer’s office in Dubai for a chance to snap up luxury waterfront homes.
The government-backed company, Nakheel, sold all the homes offered within the first and second phases of the Bay Villas project within hours.
In total, the project located in Dubai Islands will include more than 500 homes, with prices starting at $1.2 million per unit, while the price of the most expensive home will be approximately $4 million.
Last year, Nakheel, which is famous for developing palm-shaped artificial islands in Dubai, launched a project that saw buyers queuing in 38-degree heat to buy homes worth $5 million each.
This significant increase in demand highlights the transformation achieved by Nakheel, after it suffered severely from the real estate collapse in 2009, which almost pushed it to the brink of bankruptcy, but since then it has consolidated operations and reduced costs.
For Nakheel’s latest project, a long line of brokers and investors lined up outside the sales office overnight, prompting police intervention and patrol cars stationed in the area. Only brokers with a reservation number were allowed to return in the morning.
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2024-05-07 20:42:26
Dubai’s real estate mania sparks competition for multi-million dollar homes in 2024
Fortune Found: South Florida Publix Sells $214 Million Powerball Jackpot Ticket
South Florida Publix Sells Winning Powerball Ticket
In a stroke of luck, a winning Powerball ticket was recently sold at a Publix in Miami Shores, Florida, as confirmed by Lottery officials on Tuesday.
Grand Prize Winner
The fortunate individual managed to match all five numbers — 7, 23, 24, 56, and 60 — in addition to the Powerball number 25, securing the impressive $214 million grand prize from Monday's drawing, as reported on the official Powerball website.
Location of Winning Ticket
The winning ticket was purchased at a Publix store situated at 9050 Biscayne Boulevard in Miami Shores, adding to the excitement of the local community.
Claiming the Prize
Although the winner has yet to come forward to claim their prize, Lottery officials urge all players to double-check their tickets for a chance at the jackpot.
Important Deadline
The lucky individual must claim their winnings by November 6, as per the guidelines set by the Florida Lottery.
Contribution to Education
This jackpot victory has also resulted in a significant contribution of $13.5 million to the state's Educational Enhancement Trust Fund, highlighting the positive impact of such wins on the community.
Prize Options
The winner, who remains anonymous at this time, has the choice of receiving the $214 million in 30 annual installments or as a lump-sum cash option of approximately $100.1 million. Additionally, the retailer responsible for selling the winning ticket will receive a $100,000 bonus commission, further adding to the excitement surrounding the win.
Upcoming Draw
As the community eagerly awaits the next drawing, scheduled for Wednesday evening, the estimated jackpot stands at $20 million, offering another chance for hopeful participants to try their luck.
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Fortune Found: South Florida Publix Sells $214 Million Powerball Jackpot Ticket
The Ministry of Finance said something surprising
There is an opinion that one reason air ticket prices have increased so high is because the tax and fee levels are not small. The Ministry of Finance has just explained that airlines have to bear over 20 types of fees, both direct and indirect.
In information released on the afternoon of May 4, the leader of the Department of Tax, Fee and Charge Policy Supervision (Ministry of Finance) said that the above fees are “service prices” regulated by the aviation industry. in Circular No. 53/2019/TT-BGTVT dated December 31, 2019 of the Ministry of Transport; is not a fee belonging to the state budget as prescribed in the Law on Fees and Charges.
State management of prices and issuance of regulations on prices for specialized aviation services fall under the authority of the Ministry of Transport. Photo: Thach Thao
According to the law on fees and charges, Vietnamese flights landing or taking off at domestic airports only have to pay airport and airport operating franchise fees (according to Circular No. 247 dated November 11). /2016 of the Ministry of Finance) with a fee of 165,000 VND/turn/flight operations assurance service and 335,000 VND/turn/airport business service.
Meanwhile, citing legal regulations on aviation, the Ministry of Finance said: The Ministry of Transport is responsible to the Government for implementing state management of civil aviation. The airline decides the price of domestic air transportation services within the price frame prescribed by the Ministry of Transport and declares the price with the Ministry of Transport.
Accordingly, based on its authority, the Ministry of Transport issued Circular No. 53 dated December 31, 2019 regulating prices and price frames for a number of specialized aviation services at Vietnamese airports and airfields. . At the same time, the Ministry of Transport (Vietnam Civil Aviation Administration) receives price declarations for specialized aviation service prices on the list of state-regulated price frames; Domestic air passenger transportation service prices are determined by the Ministry of Transport to a maximum price…
Regarding air transport service ticket prices, according to its authority, the Ministry of Transport has issued Circular No. 34 dated November 30, 2023 (effective from March 1, 2024) amending and supplementing Some articles of Circular No. 17/2019/TT-BGTVT dated May 3, 2019 promulgating the price framework for air transportation services on domestic routes,…
“Thus, state management of prices and promulgation of regulations on prices for specialized aviation services; prices for domestic air passenger transport services fall under the authority of the Ministry of Transport”, leader of the Department of Transportation. Manager overseeing tax, fee and charge policy said.
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