Bankman-Fried, FTX execs received billions in hidden loans, ex-Alameda CEO says

Bankman-Fried, FTX execs received billions in hidden loans, ex-Alameda CEO says

Dubai: As expected, holiday home rents in Dubai for the New Year are out to set new highs, with some properties on the Palm Jumeirah fetching around Dh60,000 for stays between December 30 to January 2. Rates could go even higher as property owners await some last-minute bookings, and for which they could charge a premium. Also, this year, holiday homes in Sharjah and Abu Dhabi are coming to the New year’s party, with laws now in place that allows landlords to offer short-stay options. “As always, the absolute highest rates in Dubai are during the NY period,” said Anna Skigin, founder of Frank Porter, the Airbnb management company. “This year it will be especially felt. We anticipate the highest rates going into January.” As for property owners active in the holiday home/short stay space, demand during the final week of 2022 - and the first few days of 2023 - is an extension of an unprecedented run of sustained demand. It started on or around November 18, when football fans turned up for stays in the UAE in between their match trips to Doha for the World Cup. (Top-of-the-line Palm villas were renting at Dh20,520 on average during December