Spot gold was slightly down at $2,335.13 per gram on Monday
The fireworks, which attract visitors from all across the world, will be replaced with a special light show.
Dubai-based master developer Emaar, which owns and operates the Burj Khalifa and The Dubai Mall, has organised a unique light show to ring in the New Year.
The video shows the words "1.1.2018" glow in neon-blue lights.
Another video, posted with the caption "Say goodbye to the old & hello to the new as we #LightUp2018 in Downtown Dubai this #MyDubaiNewYear," shows the words "Downtown Dubai" and "join us" lighting up in the same neon-blue colours.
Spot gold was slightly down at $2,335.13 per gram on Monday
As authorities sprang into action to drain waterlogging, tenants and homeowners had to navigate the aftermath of nature's unpredictability
The 51-year-old recently competed in the Masters Indoor World Cup — his 10th international tournament since undergoing surgery
Met Department advised people to take precautions during strong convective cloud activity associated with rainfall over Eastern and Northern areas
Earlier, interest-free loans were announced for Emiratis whose businesses were affected by the rains, with a grace period of 6 to 12 months
Following a $3 per barrel average global price increase in March, petrol prices for April increased by 12 fils per litre in the UAE
Annual rents in Dubai are usually paid in two, four or six instalments via post-dated cheques