Dubai highlighted as top property investment city
Recent research has highlighted Dubai real estate as one of the world’s most attractive investments. A global property index placed the emirate above major competitors such as Geneva, Kuala Lumpur, Paris, Shanghai and Singapore as global investors have been quicker to invest into Dubai Property. Average global prices rose three percent in 2011, according to [...]
UAE economy improves and ‘strong recovery’ forecast in 2012
Figures posted by the National Bank of Kuwait (NBK) show that the UAE’s real GDP grew by 4.6% in 2011. The Kuwait bank said it expects record low inflation will spur further economic growth in 2012 as the UAE’s major business hubs like Dubai and Abu Dhabi become more cost-competitive. The Oxford Business Group is [...]
Dubai property prices up 1.09% in December
According to the latest REIDIN.com index, average property prices in Dubai increased by 1.09% last month. The monthly increase in real estate values in the last month of 2011 mirrors the general trend seen through-out last year of slow and steady increases in values. The gradual improvement of Dubai’s real estate market through-out 2011 was [...]
Dubai invests to expand solar sector
In its on-going pursuit to diversify its economy, Dubai in planning to build a multi-billion dirham solar energy park to reduce the emirate’s dependence on fossil fuels and also reduce its carbon footprint. The solar energy project will be the largest of its kind in the region and will incorporate several forms of solar technology [...]
Dubai’s retail sector shows strength
Figures recently released have confirmed the continued strength of Dubai’s retail sector. This is good news for the emirate’s economy which sees its tourism lead growth and the inherently linked retail sector as major contributors to Dubai’s more economically diversified future. Tourism levels have been increasing month on month for a considerable amount of time. [...]