Virgin Atlantic Launches First Services To The Middle east With Flights To Dubai
Virgin Atlantic Airways today arrived for the first time in Dubai, the airline’s 26th destination worldwide and its first Middle Eastern route. It is a key business and leisure destination for Virgin Atlantic as Dubai is the second biggest long haul route out of London, while London is the most popular long haul route out [...]
Dubai property investments now worth Dh165 billion
According to a release by Middle East Real Estate Society(Meres) real estate investments in Dubai hover around Dh165 billion, up from Dh11 billion in 2000, which is bound to increase further after the issuance of Dubai property law{}
Meres analysis shows that the Government of Dubai can certainly expect Dh184 billion in property investment by the [...]
How Dubai property works as a hedge against inflation
One of the biggest concerns for investors worldwide is the current surge in inflation, and the possibility that much higher levels of inflation may appear in future years. Buying a fixed asset like a property is a classic defense against the threat of inflation which undermines the value of cash and fixed incomes.
Let us consider [...]
Dubai Property Law Signals Further Growth for the Region
In a landmark move the Dubai Government has issued a long awaited law that legalises property ownership by foreigners. It also enables foreign purchasers to profit from renting their property out.
Until now property ownership was limited to residents of the United Arab Emirates (UAE) and other nationals of the Gulf Cooperation Council, which [...]
Expressway to ease Dubai-Sharjah chaos
Dubai: The long-awaited project to ease traffic congestion on Dubai’s most congested road Al Ittihad Road between Sharjah and Dubai was launched yesterday.
Construction of the Dh700 million project will start in two months and will be completed in two years.
The improvement and expansion of Al Ittihad Road, which is used by more than 8,000 vehicles [...]