Dubai Property News
Dubai economy poised for revival
The Dubai economy is set for recovery, according to a senior official.
Speaking at the first Economic Seminar of the year, the Director General of Dubai’s Chamber of Commerce and Industry, Eng Hamad Buamim, forecast that a projected increase in crude oil prices will boost government spending, in turn creating new opportunities for investors and businesses. [...]
Dubai property market remains attractive for investors
The Dubai property market is still proving a popular investment opportunity amongst overseas investors, a recent survey has revealed.
According to findings of the The FutureBrand Gulf Real Estate Study, Dubai was deemed to be the top destination for property purchases, ahead of neighbouring Abu Dhabi.
In addition, 70% of respondents believed that property in the United [...]
Dubai airport to be world’s third busiest by 2011
Dubai International Airport is set to become the third busiest airport in the world by 2011, according to a new industry study, surpassing established aviation hubs such as Hong-Kong, Frankfurt and Amsterdam.
The report by the Centre for Asia-Pacific Aviation revealed that passenger numbers at Dubai International Airport had increased by more than 10% every [...]
Dubai’s Meydan racecourse opens for business
Meydan racecourse in Dubai set to open its doors for the first time this evening with the first of a series of events leading up to its official inauguration on 27th March when it will host the Dubai World Cup; the world’s first $10m horse race.
Tonight’s race meeting will see renowned jockeys such as [...]
Dubai to spend $3bn on transport in 2010
Dubai is set to invest up to $3bn in transport projects in 2010 according to Dubai’s Roads and Transport Authority (RTA).
Speaking at a news conference last week, RTA chairman Mattar al Tayyer said: “Investing in infrastructure is the driving force for the economy. We have AED10.5bn budget for this year and we will spend more [...]