Author: houseman (Page 3 of 5)

05 June 2008

Overseas property investors could collect strong returns in Dubai, an expert has advised.

According to Ahmed Jamal of Emerging Markets Property Advisors, the emirate is one of the best investment markets in the world. This was said to be because it has a very strong rental market, which means investors can enjoy high occupancy rates and healthy rental yields.

Mr Jamal added that many other popular property hotspots have been negatively affected by the credit crunch. However, he stated that the problems in the worldwide economy have …

21 May 2008

Dubai has gained a reputation as a luxury holiday destination, a travel industry expert has stated.

Frances Tuke from the Association of British Travel Agents (ABTA) said the region is a “four or five star” location which appeals to affluent visitors. This, she said, has led to tourism generating considerable sums of money for the Dubai economy, which are being pumped into the sector to improve it further.

Ms Tuke believes its emergence as a leading holiday destination has had a profound impact on Dubai and its …

15 May 2008

The overall number of people travelling to Dubai is set to go up this year, experts have predicted.

A report by Globalysis revealed that visitor numbers in 2008 are likely to be eight per cent up on those recorded 12 months earlier. The organisation said this would be due to a number of factors, including improvements to the accessibility of Dubai from overseas and successful marketing initiatives.

Furthermore, it stated that its “high-quality tourism offerings” are becoming increasingly attractive to “globally-minded” holidaymakers.

Commenting on the findings, Jason …

09 May 2008

The United Arab Emirates (UAE) has been flagged up as a good location for overseas property buyers to consider.

According to ShelterOffshore.com, the country currently offers a number of attractions for foreign investors. The website highlighted the recent increase in visitor numbers, as well as the revenues generated by its tourism industry. In addition, the country’s economy was said to have a strong economy which is experiencing a sustainable rate of growth.

This has prompted the website to recommend that overseas property buyers consider possible investment opportunities …

06 May 2008

The ProLeads database, which monitors construction contracts across the Gulf, identifies more than 100 individual projects worth USD 70 billion in hotels and related leisure and tourism facilities under construction or committed in the UAE. The survey identifies Dubai, in particular, as the star performer, with the region’s highest hotel room occupancy rate (84.2 per cent), the highest average room rate (USD 282) and the highest revenue per available room (USD 237).

“We know the Middle East is a fast-developing hotel and tourism market but survey after …

07 April 2008

Burj Dubai, the icon skyscraper of Dubai which is still under construction, has already won the record of the tallest building in the world (its final height, still top secret, should be about 900m). But Dubai is now welcoming the announcement of a new 1,200 metre-tall building, which will establish the new record. The news was reported by the website of the economic magazine Arabian Business, which quoted Australian architect Wood Bagot, winner of the consultancy contract.

The skyscraper, with an investment of over USD61 billion, will …

27 March 2008

Creek, the bay around which Dubai was founded and developed, will be transformed into an international art and culture centre. This is the goal of Khor Dubai, an ambitious project which will line along 20 kilometres of coasts museums, theatres, libraries and galleries.

“The initiative is inspired by our historical-cultural heritage and prepares our present to build the future in order to advance the country towards new horizons of development,” commented young Sheikh Majdi, son of Sheikh Mohammad Bin Rashid and director of Dubai Culture and Arts …

18 March 2008

The ProLeads database, which monitors construction contracts across the Gulf, identifies more than 100 individual projects worth USD 70 billion in hotels and related leisure and tourism facilities under construction or committed in the UAE. The survey identifies Dubai, in particular, as the star performer, with the region’s highest hotel room occupancy rate (84.2 per cent), the highest average room rate (USD 282) and the highest revenue per available room (USD 237).

“We know the Middle East is a fast-developing hotel and tourism market but survey after …

14 March 2008

“Waterfront City”, the latest development presented by United Arab Emirates (UAE) real estate development giant Nakheel will be the world’s biggest urban project. The project will feature a central island and four districts around it, and it will host at least 92,000 residents and 300,000 people who will work there. One-third of the entire surface area (330ha) will be developed in offices, the hotel sector will have 11% of the available space while trade and culture will have 6% and 5% respectively of the entire area.

“It …

10 March 2008

People who have bought holiday homes abroad only tend to spend about a month in their overseas property, new figures have revealed.

According to a study by HolidayLettings.co.uk, second home owners from the UK occupy their foreign residence for an average of four weeks. This has prompted the organisation to suggest that they make the best use of their property during the remaining 48 weeks of the year.

Specifically, it has informed people of the financial gains they could make if they rent out their holiday home …