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. [...]
Student accommodation leads the UK property market
According to the latest industry reports, UK student accommodation continues to outpace the rest of the property market as investors continue to take advantage of a shortage of university housing places and a growing number of wealthy overseas students. CBRE, a world leading real estate advisor recently released a report that stated £863 million was [...]
Dubai property market improves in 2011 with positive outlook 2012
After consolidating the figures from 2011’s property transactions, the Dubai Lands Department have revealed a significant increase in sales. Dubai saw a total of 35,297 deals in 2011 which represents an annual increase of 16%. The value of the deals processed also increased. $38.9 billion was spent on Dubai property in 2011 compared with $33.4 [...]
AED 600 million to be invested in RAK Tourism
Ras Al Khaimah’s Tourism Investment and Development Authority (RAK TIDA) will invest AED 600 million into tourism projects in the emirate following an in-depth review of Ras Al Khaimah’s tourism industry. The strategic review of the emirate’s tourism attractions, facilities and accommodation found there was a shortage of rooms to accommodate the increased level of [...]
Dubai property auction improves market confidence
Dubai’s internationally exposed property stocks rallied today after the emirate’s first successful foreclosed property auction. Stocks in leading Dubai property companies Emaar, Arabtec, and Drake & Scull lead markets this morning with many predicting the beginning of a comeback for property in Dubai. Industry experts have been extremely positive about Dubai’s first ever bulk auction [...]