Further growth in the emerging Turkish property market.
It's now five years since foreigners were first allowed to buy property in Turkey, and the Turkish property market has exploded with interest. Almost 1.4 million UK tourists visited the country on holiday in 2004 (the latest year for which statistics are available), a 50 per cent increase on the numbers five years earlier. The [...]
Dubai Marina celebrates 3rd anniversary of its Phase 1
Marking the third anniversary of the project’s Phase 1, Emaar’s spectacular premier waterfront development, the Dubai Marina, hosted a fun day for children. Held at Dubai Marina’s Al Mass Lawns, the event put on an abundance of activities for over 200 children that attended. Ideally located off the Sheikh Zayed Road and Jumeirah Beach, and [...]
So where IS the property market heading?
Ask Dubai residents about their concerns for 2007 and you may hear unease over North Korea’s nuclear capabilities, Iraq’s continuing descent into chaos or the volatility of the global economy. But closer to home the most pressing concern is whether the explosive rental increases which characterised the 2006 property market will be repeated next year. [...]
Intelligent Traffic Systems in Dubai
Dubai Roads and Transport Authority (RTA) announced that the Smart Traffic System which will be operated next month, costs approximately AED 75 million. The project includes signs with highest specifications and modern techniques used for the first time in the world and it covers several roads such as Sheikh Zayed, Al Khaleej, Emirates Road, Sheikh [...]
International asset management fund acquires property in Dubai
Founded in 1999 and managing assets worth $4 billion, Midas International Asset Management Co. Ltd, an established global investment fund has acquired U-Bora Towers in Dubai Business Bay from Dubai Properties and South Korea’s Bando Engineering and Construction. Hashim Al Dabal, CEO, Dubai Properties, commented: ‘The deal is another crucial vote of confidence for Dubai [...]