Dubai metro trains to double when seven new stations open in April
Dubai metro is set to open seven new stations next month, doubling its number of trains in the process, according to an article published today.
12 trains currently operate on the Red Line which opened back in September 2009 and Ramadan Abdullah of the Dubai Road and Transport Authority’s Rail Agency has reportedly told The National [...]
New Egypt office for Jones Lang LaSalle
Leading global real estate investment and advisory firm Jones Lang LaSalle has opened an office in Egypt.
By setting up office in Egypt, according to Reuters, the company hopes to capitalise on the country’s “stable, cash fuelled” property market.
Whilst Egypt’s property sector was not immune from the effects of the economic downturn, it withstood them well compared [...]
Egypt property prices to increase at steady rate
Now could be the best time to invest in the Egyptian property market, recent news articles suggest, with prices expected to rise steadily over the next five years.
Articles for Buy Association and propertyabroad.com quote a recent study by investment consultancy Markaz which projects that the prices of property in Egypt to increase by 6% per [...]
Ras Al Khaimah: Impressive construction progress on Al Marjan Island projects
Following news last week that infrastructure works on Al Marjan Island are in full swing, the Ras Al Khaimah Investment Authority (RAKIA) has revealed that impressive progress is also being made on several of the island’s developments.
The first development scheduled for completion is Rakeen’s multi-use Bab Al Bahr project, located on the Al Marjan’s peninsular. [...]
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. [...]