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 [...]
Student property the best performing asset class in UK property
Investors of UK student accommodation are set to enjoy yet another year of strong returns according to the latest report in the Sunday Times. As part of an article reviewing the best performing asset classes within the UK’s property market, The Sunday Times ranked student accommodation at the top with average returns of 13.5% last [...]
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 [...]
Hilton to open a luxury hotel on Ras Al Khaimah’s Al Marjan
Hilton Worldwide confirmed a deal to bring a second DoubleTree by Hilton hotel to Ras Al Khaimah this weekend. The new DoubleTree Resort by Hilton is expected to open at the beginning of 2014 on RAK’s famous Al Marjan Island. Hilton’s luxury resort will be one of the first hotels to open on the highly [...]
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 [...]