Holidaymakers make most of Eid break



Many residents are taking advantage of their days off and planning short getaways abroad, travel agents said.

Srilatha Reddy, manager of corporate travel at Orient Travel in Dubai, said her team had been kept on its toes during the past few days.

"Our holiday section has been busy preparing a lot of last-minute bookings," she said. "There has been an uptake recently and a bit of a rush in the last week because people have got a good break and schools are off, so they want to make use of the holiday."

But, as the week-long Eid holiday begins, spare a thought for those who will be working overtime to cater for the needs of holidaymakers.

An engineer with Emirates Airline said he would be at work as usual. "Some departments at airports have to function normally during holidays," he said.

In Dubai, Deira City Centre, Mirdif City Centre, Mall of the Emirates and Mercato have extended opening hours to midnight during Eid.

Abu Dhabi Mall has scheduled festive activities, which will start tomorrow and continue until Saturday. The mall celebrations will begin at 5pm daily and will include magic shows, juggling, face painting and musical performances.

Ihab Ahmad, the operations manager of Al Baba sweets, which has two branches in Dubai, said the shop was always open during Eid.

He said: "The first day is normally our busiest as people come and buy mamoul [shortbread pastries filled with dates or pistachios and walnuts]."

Al Wahda Street in Sharjah was choked by shoppers yesterday, all taking advantage of festive discounts on offer.

Museums in Sharjah will be closed today, but the emirate's Museum Department is planning activities for the second and third days of Eid al Adha. Sharjah Maritime Museum will host folk art shows and poetry evenings, while a number of family activities will be organised at the Sharjah Science Museum and Sharjah Discovery Centre.

The Dubai Events and Promotions Establishment is also organising a series of special events for its Eid in Dubai celebration, including concerts and fireworks displays along The Walk in Dubai Marina.

Financial considerations before buying a property

Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.

“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says. 

Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.

Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier. 

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