More than 20,000 people in the UAE have the opportunity to take ownership of a gold key to the Gate in Ibn Battuta Gate Hotel's six million dirham, four-month promotion, ‘Unlock the Gate’.
A special Shared Ownership Summit is being offered in association with this year’s Arabian Hotel Investment Conference (AHIC), co-hosted by RCI on 1st May 2010, 1:00 – 5:30 p.m., at Madinat Jumeirah, Conference Centre, Dubai.
As Dubai continues to dominate the property headlines for all the wrong reasons, developers in the Middle East have started a real push to entice new buyers by offering a host of new schemes.
Chesterton now with a regional centre of operations in Abu Dhabi – highlights that Dubai is on its way out of the property slump. The company believes that this is due to a rise in confidence within the consumer and financial sector in addition to a surge in transaction volumes.
HH Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister and Ruler of Dubai, believes that the economic crisis that hit the UAE in the last quarter of 2008 is petering out with the worst of the crisis now behind them. With other major economies still experiencing a downward spiral, confidence is returning to the UAE.
Hamptons International has expanded its commercial service offerings across the UAE with the establishment of a Commercial Sales and Leasing Team and an extensive roster of commercial property in Dubai.
Just six months ago it would have been hard to comprehend that the affluent quarters of the Middle East would ever need a financial lifeline, however with the ‘eye of the credit crunch storm’ now firmly fixed on the Middle East, developers need rescuing and the most favourable ‘lifeboat’ is Nexus Development Ltd, a specialized development company which has the experience and ability to steer companies to calmer waters.
Plaudits and pessimists alike have their eyes firmly fixed on Dubai! With world property markets slumping and the ‘R’ word on the tips of everyone’s tongues, just what will happen to this property oasis?
New rulings, recently instigated by Sheikh Mohammed Bin Rashid in Dubai will lead to a significant boost in customer confidence throughout the property market and are aimed at making Dubai an even stronger investment attraction, at a time when many global property markets are failing.
Dubai Sports City, the world’s first integrated sports city, has commissioned a Renaissance expert to ensure the authenticity of the Venetian themed architecture of the development’s North Point commercial, residential and retail precinct.
Another first for Dubai! The new £2 billion Metro Railway was recently successfully tested, confirming its official launch for September 2009 with full completion due by 2012. Oliver Hickey UK Sales Director of Profile Europe (UK) Ltd said, “The Dubai Metro upon completion will add yet another dimension to this rapidly expanding metropolis.
Who says that the British are struggling financially? There may be a credit crunch and house prices are continuing to fall, but the smart UK money is now in Dubai; latest figures from the Dubai Land Department show that British companies lead the field when it comes to land investment, with 147 companies in total now owning 1,900,000 sqft of prime real estate land in this burgeoning market!
Until now the Dubai government had reserved all Dubai waterfront land for its own developments, but now for the first time, prime beachfront real estate has been made available to private developers.
When Dubai is mentioned, images of high-rise buildings, high-success industry, new-found celebrity culture, ‘Media City’, and profit from excellent rental returns spring to mind.
Dubai has and will continue to be both popular and profitable for those looking to invest into this burgeoning property market. However at present, many investors are not achieving their ‘true’ square footage and in many cases this means that buyers may expect to see up to 15% sqft less than they were originally led to believe.
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