Investors are highlighting that the UK’s biggest attractions are its security and stability, along with its liquidity and well-kept property registers. One international property broker stated that “The UK is a place to put cash outside of the euro zone; it’s fair to say that is a real and live trend.”

The debt crisis in the euro zone has been disastrous to markets across the globe and has led to an upheaval of the Greek, Italian and Spanish governments.

Indications that Greece might return to the days of the drachma, and the much smaller chance that Italy could also leave the Euro has been enough to increase interest in bricks and mortar outside of the euro zone completely.

Data from leading UK estate agents Knight Frank shows that interest in the UK property market is reflecting the severity of the debt crisis in countries suffering the most. Property purchases in London saw increases in buyers from Greece (2.63% up from 1.7%), Italy (2.63% up from 1.9%) and Spain (0.7% up from 0.6%), with buyers from the Middle East and North Africa also becoming more active following the Arab Spring.

These trends look set to continue for as long as Europe remains immensely worried about the value of their assets. “If for whatever reason the drachma came into being, and Greece was thrown out of the euro zone, it would plunge against the euro and assets held in Greece, or any country that was thrown out of the euro, would plunge in value,” Knight Frank said.

Foreign investors have stated that they want to place their money in a safe haven, not in a bank or stocks and shares because they are just too volatile in the current climate.

It isn’t just the wealthy who are looking for a safe home for their hard-earned cash. Property prices in London have appeared on the market with price tags of £250,000, aimed at potential investors from abroad.

Source: Reuters, November 2011

The UK property safe haven Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

Just 3 penthouses left in the Torch, the tallest residential tower in the world! The Torch occupies an enviable position at the mouth of Dubai Marina. The 86 storey super tower boasts stunning views of the Marina itself and out towards The Gulf and the Palm Jumeirah. Owners have access to a list of excellent facilities including a pool, sauna, steam room and concierge service. With a growing demand for high-quality rental property on the Marina, The Torch’s prime position creates a number one rental opportunity and properties here will consistently achieve between 9 -12% per annum.

Buy on the day to receive a luxury furniture package worth over 450,000 AED. Register Today to Book an appointment. Call now to book appointment 04 446 2756 or Email. Sales@selectproperty.com

The Torch Penthouse Open Day – Thursday 17th November Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

Of course, you should have a property in mind before taking a step toward purchase. Once you have selected the property and have the financing in place, it is time to see a lawyer who is not associated with anyone in the organization from which you are purchasing the property. The lawyer has certain due diligence that must be done before advising a buyer to proceed.

This includes:
Probably the biggest mistake made by buyers in Cyprus, is to sign the developer’s standard contract without taking legal advice. The lawyer will check the title to ensure that it is free of any encumbrances that would create a problem for the buyer taking a clear title. The lawyer will also make certain that all property transfer laws are followed. If you start the purchase process without a lwayer, start over with a lwayer. There are many laws and rules in place for your protection, but only a lawyer will know these.

It is essential that a purchaser deal with a registered agent only. A registered agent by law carries an insurance policy to protect their client from any wrongful actions. A registered agent follows a national code of conduct – only registered agents can assure you of this code. It is illegal in Cyprus for anyone who is not licensed and registered to operate as an estate agent; a buyer should request evidence of registration when enquiring about property.

Legal estate agents are members the Cyprus Real Estate Agents Association, CREAA. Buying a property with a title deed is always preferable as it is a clear-cut transaction. However, buying without a deed, or even from a plan is fine, and is most often the method of purchase. However, the deal must be done properly and with the advice of a lawyer. There is also an advantage without a title deed as it is often cheaper than buying a completed and ready-for-immediate-delivery property; also, stage payments apply. Remember, 9 out of 10 Estate Agents in Cyprus are not licensed.

The only drawback is that the actual deed may not be available for years. The Land Registry figures released in October 2008 showed that 29,949 non-Cypriot property buyers were waiting for their Title Deeds. Only 4,400 property Title Deeds were actually transferred to non-Cypriot property buyers during the previous four years.

So if their past performance is anything to go by, it will take the Land Registry nearly 24 YEARS to transfer Title Deeds to the 29,949 who are still waiting. The holder of the Title can do about anything with the property they want to do, whilst the actual owner can do nothing , or very little, with the property.

Property In Cyprus Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

Together with a sharp increase in the number of companies operating from RAK FTZ, total revenues have also increased significantly. CEO of RAK FTZ, Oussama El Omari commented.

“The enviable growth achieved in new registrations this year is a testimony to our reputation as one of the most attractive investment zones in the region. RAK FTZ has enjoyed a steady increase in its client base since it was born 10 years because of its continued diligence to keep abreast of the needs of investors. Another crucial success factor of the free zone is the government empowerment under HH Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah and the guidance of HH Sheikh Faisal bin Saqr Al Qasimi as RAK FTZ Chairman. These significant growths in these challenging economic times reflect the investors’ confidence in our transparent, business-friendly environment.”

“We are not going to rest on our laurels, and by the end of 2011, we will be well on course towards a new record in company registrations and growth. Moreover, with some leading companies from across the globe making their beeline to RAK FTZ, we are eventually contributing to the economic growth of RAK and the UAE as a whole,”

The main sources of new companies to the RAK FTZ are the UK, Egypt, Pakistan, Germany, USA, France, Canada, and of course the UAE.

The new figures highlight Ras al Khaimah as a business location as well a growing tourism hot-spot. The RAK FTZ is now home to over 5000 companies, and as more companies join RAK’s housing market is expected to benefit considerably.

Ras al Khaimah – A growing business hub Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

New figures released by the UAE Ministry of Finance show an increase in the number of registered real estate contracts held by Gulf nationals in the UAE. The statistical report on the Gulf Common Market, which was released on Saturday, revealed the number of contracts had increased to 4,604 in 2010 from 4,024 the previous year.

“These figures suggest there are properties available that have reached a good price at which people can afford to buy,” said Elaine Jones.

Source: Full Article on Gulf News

Dubai Safe Haven for GCC nationals Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

Your specified weeks are shown on your purchase agreement.

You can view a copy of the resort calendar from this page, showing which dates your weeks fall on. In accordance with the Rules, you can occupy your property from 4pm on the first day and up to 10am on the last day of your weeks.

Can I book my flights now?

Yes, provided you are up to date on any payments under your purchase agreement, including this year’s maintenance fees, you can make travel plans. You must complete and return the booking form at least 7 days before your arrival date.. We would recommend that all owners wait for their booking to be confirmed before confirming their travel, no compensation will be offered for any members who book flights and are unable to stay at the resort because they have not complied with their purchase agreement or the Rules.

What if I can’t use my weeks this year?

You can allow any friends or family to use your weeks, or you can rent out your weeks in the property externally. In any of these events, you still need to submit the booking form so that we know who will be using your weeks and when they will be arriving.

As you know the resort is affiliated to the RCI global exchange network allowing you to exchange your weeks for time in any of their other resorts and accommodation at other times of the year as well (subject to the relevant exchange fees). Having completed the procedures to set-up the resort on RCI’s systems towards the end of last year, enrolments will commence in time for the start of year two giving every owner the best chance of trying out this service. More information about how to exchange your weeks will be sent to you directly by RCI in due course.

When do I have to pay the first year’s maintenance fees?

All members have to pay their first year’s maintenance charge in advance, regardless of when their weeks actually fall in the year. This is because many of the costs covered by the service charge are also payable in advance. You must pay the maintenance charge even if you do not use your weeks.
You should receive a payment reminder for each year’s fees before they fall due, however please contact us if you are unsure how to pay or what the amount is.

Is there anything else I have to pay?

You can choose to pay for certain additional optional services such as an airport transfer, which we recommend for your first visit, direct to Signature Resorts. Please see the booking form for more information, or speak to their on-site team when you are at the resort. You will also have to pay for any damage or breakages during your stay before you check out.

When will we receive our fractional ownership certificate?

In accordance with the scheme terms, fractional ownership certificates will be issued to owners once they have paid the purchase price in full and the title to the properties has been registered in the name of the owning company. We will keep all owners updated on registration of title deeds in the name of the owning company. Until that time owners are still able to enjoy all their ownership rights and use their weeks under the terms of their purchase agreement.

Who do I need to tell if my contact details have changed?

Please contact us as soon as possible if any of your contact details have changed from the purchase agreement so that we can be sure you will receive any important information we send to members. We recommend that you contact us by email to info@wearehome.com or by telephone on 0800 111 6789

How can I change the ownership details for my weeks?

You can transfer ownership at any time by sale or gift, or you can add or remove names to the purchase agreement and fractional ownership certificate. There is an administration fee payable (currently £149) to Tatton Trustees for any ownership changes. Please notify us by email to info@wearehome.com or by telephone on 0800 111 6789 if you want to change the ownership details of your weeks.

Not found the answer you where looking for, ask us a question?

Horizon Sky Fractional Ownership FAQs Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

We have put together a gallery of pictures so that you can share them to friends, family and anyone who might be thinking of using your weeks in the scheme. You can access the gallery here.

We will add further pictures of the building and the apartments over time as we receive them, please also send us your own shots from your visit if you are happy for us to share them with other owners.
(Please note that these images are being made available for the personal interest of owners in this scheme and should not be used commercially without reference to the rightful copyright owner.)

What facilities and amenities are there in the apartment and building?

The apartments are fully furnished including a sofa-bed, washing machine, television and DVD player, oven, hob and microwave, and most standard kitchen utensils, hairdryer, ironing board and iron. The rooms are cleaned and linen changed weekly. The building has 24 hour concierge and security. Within the building residents can use the outdoor pool and Jacuzzi, sauna and steam room, and a fully equipped gym. Each apartment also has one car parking space.

How many people can the apartments accommodate?

Each apartment has a sofa bed, therefore a one bedroom apartment can accommodate four people and a two bedroom apartment can sleep six. In the interests of health and safety and out of consideration for other owners, the management company will refuse to check-in parties which include more people than the apartments can comfortably accommodate.

When are my weeks this year?

Your specified weeks are shown on your purchase agreement.

You can view a copy of the resort calendar from this page, showing which dates your weeks fall on. Please make sure you are looking at the right year column as the exact dates vary from year to year. All specified weekly periods begin and end on a Saturday, in accordance with the Rules of Occupation, you can occupy your property from 4pm on the first day and up to 10am on the last day of your weeks.

How do I book to stay in my apartment for my weeks?

You need to submit a booking form to confirm the details of the people who will be using your apartment and their arrival and departure dates. The booking form can be downloaded from this page and, once complete, should be sent to our local service partner Howdra by email – concierge@howdra.ae or by fax to 00971 4 2380084. We strongly advise that you do not confirm your flight booking until you have received confirmation of your booking in the apartment.

What do I need to do before arrival?

You will need to submit a booking form (which you can download from this page) and send passport copies for the people who will be staying in the apartment during your weeks. Your booking will only be confirmed if you are up-to-date with payments, including your maintenance charge for the relevant year.

What if I can’t use my weeks this year?

You can allow any friends or family to use your weeks or offer your weeks for rent, either privately or through our own channels using third-party booking agents. In any of these events, a booking must still be arranged using the standard booking form in the same way.

If you are planning on exchanging your weeks using your membership to Interval International, you should contact them directly. Most of their membership services are accessed through their website at www.intervalworld.com, alternatively you can call them on 0844 701 4444

When do I have to pay the first year’s maintenance fees?

All members have to pay their maintenance fees in advance each year, regardless of when their weeks actually fall in the year. This is because many of the costs covered by the service charge are also payable in advance. You must pay the maintenance charge even if you do not use your weeks.

You should already have received a payment reminder for your maintenance fees in 2012, however please contact us if you are unsure how to pay or what the amount is.

Is there anything else I have to pay?

There may be optional services available to you from the management company during your stay, including airport transfers, laundry and shopping, which are chargeable separately. You will also have to pay for any damage or breakages during your stay before you check out.

When will we receive our fractional ownership certificate?

Under the scheme terms fractional ownership certificates can only be issued once the title deeds to the properties have been issued to the owning company. The title deeds have now been issued – somewhat later than expected after completion of the building. Once the original deeds have been received, checked and safely archived by the scheme trustee, they will issue an ownership certificate to everyone on the members’ register. Until that time owners are still able to enjoy all their ownership rights and use their weeks under the terms of their purchase agreement.

Who do I need to tell if my contact details have changed?

Please contact us as soon as possible if any of your contact details have changed from the purchase agreement so that we can be sure you will receive any important information we send to members. We recommend that you contact us by email to premierproperty@selectproperty.com or by telephone on 0161 488 3560. There is an admin charge payable to the trustee to update their register of members and to reissue ownership certificates, if required.

How can I change the ownership details for my weeks?

You can transfer ownership at any time by sale or gift, or you can add or remove names to the purchase agreement and fractional ownership certificate. There is an administration fee payable to the trustee for any such changes. Please contact us if you want to change the ownership details of your weeks so we can send you the necessary form to complete.

Not found the answer you where looking for, ask us a question?

Torch Fractional Ownership FAQs Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

After opening up houses for sale Dubai to foreign nationals, the emirate has seen considerable investment. A Dubai house for sale began to be viewed as a holiday-home which could be used to create large financial gains.

Those who buy a house in Dubai will not be subject to capital gains tax or income taxied levied against them. This gives owners incredible value for money and, once the house in Dubai is registered they can earn fantastic rental returns as well.

Houses for Sale in Dubai Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

Register now to become a Select Property Agent and gain access to all our projects in Dubai, Ras Al Khiamah, Turkey and Spain. Download full property details and keep updated on new projects coming soon, plus live availability and special offers.

Looking for the Agent Portal?

Agent Register Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

The story of ‘modern’ Dubai is relatively short. The Emirate has been established for thousands of years, yet within the last few decades, Dubai has transformed itself into the ambitious, dynamic Emirate we experience today.

In 1894, the introduction of full tax exemption invited traders around the world to take advantage of the Emirate’s unique benefits. In the 1940’s and 50’s, Dubai prospered in the gold trade, providing a strong economy for its 40,000 population. This was just the start as the mid 1960’s unveiled the discovery of oil and Dubai’s economy went into overdrive, leading to an influx of foreign workers.

In 1973, Dubai joined the other Emirates to adopt a single, uniform currency: the UAE dirham. In the late 70s, the Jebel Ali Free Zone was created, comprising the world’s largest port and providing foreign countries and businesses unrestricted import and export.

As oil prices increased, Dubai focused closely on developing free-trade and tourism. In 2000, the Dubai Financial Market was established and by 2006 had made a net profit of approx AED 797.5 million. The Emirate also invested into developing the Jebel Ali Free Zone, which soon became a success and contributed 26% towards Dubai’s total GDP in 2007.

In addition to Jebel Ali, Dubai Internet City and Media City were two of the original free-zones, offering foreign companies the tax free commercial space so highly sought after. With thousands of companies moving offices to Dubai, the demand for residential real estate was unprecedented. The world’s eyes turned on Dubai, with investors looking to invest in Dubai property before construction even began.

In 2002, The Crown Prince of Dubai made a commitment to allow foreign nationals to own a property freehold within the Emirate. This was followed in 2006 with the publication of the lands law allowing foreign nationals the right to register their freehold property.

Despite the recent global economic conditions, Dubai retains the fundamentals which excelled it to become an investors dream, a place like no other and one of the most thriving destinations for real estate in the world. While there has been an adjustment in demand, the market is now returning and prices have bottomed out. Now, some of the best property deals ever witnessed are available on the market. Some desirable areas such as Dubai Marina have in fact experienced a rise in rental prices.

A Brief History: Dubai Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

Ras Al Khaimah FTZ targets Turkish investors Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

UAE Students rise to the ‘Million Book Challenge’ Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

Dubai property investments cross AED 158 billion in 2008 Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

Mortgage law to boost confidence in Dubai Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

New system for driving licences in Ras Al Khaimah Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

Business in Dubai exhibition and conference attracting global attention Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

Ras Al Khaimah invests in healthcare Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

A number of developers have already registered their residential properties in Ras Al Khaimah with the The Ras Al Khaimah Investment Authority (RAKIA) Real Estate Regulatory Agency (RERA), which will govern the implementation of escrow accounts relating to all freehold development projects.

RAKIA RERA will also keep an eye on residential building work by hiring engineers to monitor off-plan developments.

Yahia Kambris, general manager, commented: “The escrow account has been implemented to prevent mishandling of construction funds and ensure that investor’s money is spent according to the master plan of the project.”

“The establishment of the new real estate watchdog is an important step in our efforts to safeguard and protect the interest of investors and reinforce the reputation of Ras Al Khaimah as an attractive and practical investment destination in the region.”

Select Group, Pure Real Estate, Stallion Properties, and e-myproperty, are among those developers that have already signed up to RAKIA RERA.

Source Homes Overseas

New regulations provide greater security for investors in Ras Al Khaimah Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

Lands Department, responsible for overseeing Dubai Property and land transactions, registered a total number of 50 sale transactions by the end of this week. The most valuable plot during this period was sold for around AED 600 million in Dubai. Investments into Dubai Property was also observed as 760 apartment and villa sales transactions took place.

Dubai Investments into Land exceed AED 1.90bn Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

Dubai's Lands Department stated that during this period these transactions also included mortgages worth AED53.85 million. This also included 56 mortgages worth AED21.05 million, which were registered on villas and apartments.

Villas and apartments in freehold areas also saw 86 sales transactions taking place. Out of these 86, transactions worth AED 62.13 million were for apartments, whilst a transaction worth AED1.95 was for a villa.

Dubai Investment Property

Dubai’s Land transactions reach AED 860.51mn Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

Ras Al Khaimah Free Zone has demonstrated the continual maximisation of business growth through the introduction of innovation and technology. The free zone currently is home to more than 5,700 companies that contribute a total of AED10 billion to Ras Al Khaimah’s prosperous economy.

It is estimated that in the future AED7.3 billion is planned to be invested into Ras Al Khaimah free trade zone. This shows the Emirate’s effort in ensuring its continuous growth. RAK FTZ currently ranks as the 17th in the top 100 economic zones globally by the FDi Magazine, which is part of The Financial Times Business Group.

Ras Al Khaimah Investment Property

Ras Al Khaimah Property News

Ras Al Khaimah Free Trade Zone reports growth of 50% Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

Dubai Lands Department also reported that a total of 13,774 apartments had been registered with them between 1963 and 2008. Out of these, nearly 20 percent of the apartments, or 2,755 units, were owned by British citizens. The next in line are Indians and Pakistanis, who share second place in the list of apartment owners by holding 14 percent of the market share.

Even though statistics show that they prefer to purchase apartments, British citizens nevertheless own 17 percent or 754 out of the 4,436 total villas registered. However, statistics released show Indians top the list of villa buyers by owning 932 villas or 21 percent of the total market.

Dubai Investment Property

Britons top apartment owners in Dubai Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

Al Shamsi noted that so far about 8,000 Emiratis in Ras Al Khaimah had applied to both the Zayed Housing Foundation and the Saud Housing Programme, of which 6,000 had already been given possession of new houses.

Shaikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah has also promised to meet the housing needs of the residents and the government has allocated land for building property for nationals.

Ras Al Khaimah Investment Property

Ras Al Khaimah Property News

Ras Al Khaimah housing initiative for Emiratis Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

The delegates were welcomed by Oussama El Omari, CEO of RAK FTZ, and expressed appreciation in their interest to support Ras Al Kahimah’s efforts to promote a stronger business relationship with Germany.

El Omari highlighted that the visits of various media delegations to RAK FTZ have played a fundamental role in helping the zone to penetrate and expand in international markets like Europe. RAK FTZ was awarded the title the leading Emerging Free zone in the region for the second year and has succeeded in registering almost 5000 companies including 210 German companies.

“It was our pleasure to host the German media delegation to Ras Al Khaimah. We are very proud of our home, and it was a chance for them to see firsthand why RAK FTZ is highly competitive in the global market,” he said.

Ras Al Khaimah Property News

High Profile German Media Delegation was hosted by RAK FTZ Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

Details of residential apartments, villas, offices and retail shops for 230 developers in Dubai have been entered during the preliminary phase of the programme.

Mohammed Sultan Thani, Assistant Director General, Excellence and Organisation Governance, Dubai Land Department, said: "Dubai has witnessed the issuance of specific real estate laws that prioritise the interests of the country and all stakeholders. The laws also seek to establish trust in the market, attract foreign investment and sustain the sector's growth. The latest among them is the law that focuses on the interim real estate register.”

Dubai Investment Property

Dubai Land Department’s online scheme registers 80,000 Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

"The offshore business model is gaining solid ground in the region particularly in Ras Al Khaimah, which has created a splendid mix of infrastructure projects and new policies to provide the best environment for offshore companies," said Peter-Micheal Schuster, General Manager, RAK Offshore.

Ras Al Khaimah Offshore has been developed to provide a straightforward and cost-effective business platform for non-residents and international companies looking to take advantage of the ongoing economic boom in the region. A key feature of Ras Al Khaimah Offshore is that it offers complete privacy and confidentiality, ensuring a highly conducive business environment for both individual and corporate investors.

Ras Al Khaimah Investment Property

Ras Al Khaimah Property News

Ras Al Khaimah Offshore registers 1900 International Business Companies Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

BHEL also secured its first ever order for generating equipment from the United Arab Emirates from the Ras Al Khaimah Investment Authority for supply and supervision of 2×42 MW Gas Turbine Generator sets. This achievement is expected to pave the way for more opportunities not only in Ras Al Khaimah but also in the rest of the UAE and other Middle East countries.

Ras Al Khaimah Investment Property

Ras Al Khaimah Property News

Ras Al Khaimah Investment Authority boosts BHEL profits Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

DIFC governor Dr Omar Bin Sulaiman said the passing of the new law and the launch of the arbitration centre means that the DIFC now provides an all-round legal service for litigation.

The key change in the framework is that anyone can now come before the DIFC. Previously one or more parties had to be registered with the DIFC or be a lawyer from the region. Now it’s a neutral forum.

The Dubai International Financial Centre’s initial aim is to retain arbitrations within Dubai but the centre also feels it can now service international disputes.

Dubai Investment Property

Dubai International Financial Centre launches arbitration centre Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

The largest, Shaikh Khalifa Hospital, would cost about Dh350 million and would be completed in 2010. Another, a specialty hospital, would cost up to Dh250 million and the last would be a 60-bed hospital estimated to cost Dh100 million.

Ras Al Khaimah currently has three hospitals with 452 beds that received 163,000 patients last year. Ras Al khaimah also has 17 registered health centres in different specialties like maternity, primary healthcare, dental and gynaecology.

Ras Al Khaimah Investment Property

Ras Al Khaimah Property News

New Hospitals for Ras Al Khaimah Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

Jet Airways’ rapidly expanding international route map has targeted Dubai as a large number of Indians are living and working in the Gulf and flights to these sectors consistently register high load factors.

Commenting on the launch of these new flights to Dubai, Mr. Wolfgang Prock-Schauer, and Chief Executive of Jet Airways said, “Jet Airways is delighted to fly to Dubai starting with a full complement of passengers on its maiden flight. Dubai is one of the most exciting cities in the world, which has traditionally been a very popular business, employment and leisure destination, and demand for a premium service on the competitive India-Dubai sector remains high."

Dubai Investment Property

Jet Airways daily direct flights to Dubai Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

The decree seeks to regulate the mortgage process in an effort to protect the rights of lenders and borrowers and improve transparency. It stipulates that mortgage contracts be registered with the land department, specifying the size of the loan, the repayment period and the value of the property to which the loan is linked. The law also requires that mortgages taken out on properties in Dubai be sold by registered financial institutions, and be insured. Since the law requires the borrower and lender to present full financial documents when the mortgage is registered, it not only gives more confidence to the lender and gives more security for banks but also enhances transparency and boosts investor confidence.

As with the property boom in Dubai in 2002 when foreign investors were invited to invest in the property market, the new law will stimulate the regional mortgage market. With a new regulation in place, the mortgage market will see the entry of more global mortgage lenders who may roll out more cost-effective options for buyers. Hopefully, the net effect will be a scenario where it would be cheaper to buy a home in Dubai, and add weight to the argument for buying rather than renting.

Dubai Investment Property

Landmark mortgage legislation in Dubai Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

The UAE alone is predicted to spend US$ 9 billion on garments and textiles by the end of 2009. This significant contribution to the fashion industry is mainly attributed to the economic boom in Dubai , which serves as the heart of the Middle East fashion market.

The Dubai economy is booming and Dubai is expected to register a GDP of US$ 108 billion by 2015. Dubai has managed to strengthen its strategic location by pursuing a free and balanced economic policy, contributing significantly to production in the UAE.

Motexha, the Middle East's largest trade event for the garments, textiles, leather and fashion accessories sector takes place annually in Dubai and offers potential investment opportunities for traders and retailers.

Dubai Investment Property

Dubai at the heart of the Middle East fashion market Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

Over the first six months of 2008, a total of 847 new companies registered, bringing the total registered companies to 4,773 by the end of June. RAK FTZ companies contribute an estimated capital of Dh10 billion to the Ras Al Khaimah economy. Future investments of Dh1 billion are also in the pipeline for the Free Trade Zone.

Oussama El Omari, CEO of RAK FTZA, said: “RAK Free Zone’s results in the first half of the year have exceeded our expectations and targets. These results can be attributed to the free zone’s reputation in the market and our satisfied clientele as we continue our efforts to build an ideal business and industry environment at RAK FTZ.”

El Omari attributed the impressive growth in external trade and investors to the unprecedented economic and commercial initiatives unveiled by the Crown Prince and Deputy Ruler of Ras Al Khaimah His Highness Sheikh Saud Bin Saqr Al Qasimi. He said that the continuous support of Ras Al Khaimah’s leadership contributed to establishing Ras Al Khaimah’s stature as a leading investment and trading destination regionally and internationally.

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Ras Al Khaimah Property News

Growth for Ras Al Khaimah Free Trade Zone in the first half of 2008 Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

The airport handled a record 18.46 million passengers during the first half of this year, with March being the busiest month where it flew 3.25 million passengers. The average passenger movement per day at the airport and the cargo handled have both increased.

The growth reflects the robust economy of Dubai and its emergence as both a regional and global centre for trade, travel and tourism.

"The airport is the main gateway to the city of Dubai which is recognised as a global commerce and tourism hub. The growth of the city and that of the airport are entwined in a directly proportional relationship," President of Dubai Civil Aviation Authority Sheikh Ahmed bin Saeed Al Maktoum said.

Dubai Investment Property

Dubai airport handles record number of passengers Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

The Guarantee Accounts are similar to Dubai's Escrow Law of 2007. The Ras Al Khaimah law, effective from July 3rd, makes it mandatory that developers wishing to sell off-plan units in real estate development projects must apply to the Ras Al Khaimah Investment Authority (RAKIA) to open a Guarantee Account. Amounts paid by buyers towards property purchases or by project financing parties will be deposited in the guarantee account.

According to the law, developers licensed to carry out real estate development activities in the emirate should be registered in the Register of Developers' to be prepared by RAKIA. The law applies to any party who sells units from a property development plan prior to the projects completion or in the process of construction.

The law will help boost the confidence of real estate investors by protecting their interests.

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Ras Al Khaimah Property News

New property law in Ras Al Khaimah benefits investors Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

The aim of the visit was to highlight the business climate and opportunities that exist in the emirate in order to further economic exchange and cooperation between Iran and the Emirate of Ras Al Khaimah.

CEO of RAK FTZA said, "We are keen to enhance our ties with the international media which we know can play a decisive role in promoting business between regions and organizations. The media is a very important source of information, education, and entertainment which brings all regions of the world closer together”. Several other media delegations, including leading journalists from Germany and India will be visiting RAK FTZ shortly to strengthen bilateral ties and relationships with those nations.

There are currently 648 Iranian companies registered with the RAK FTZ.

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Ras Al Khaimah Property News

RAK Free Trade Zone Authority welcomes Iranian media delegation Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

The Free Trade Zone is constantly upgrading infrastructure and facilities to cater to the requirements of diverse businesses from all around the world.

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Ras Al Khaimah Property News

Ras Al Khaimah Free Trade Zone attracts Indian companies Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

The Bolton University’s new Ras Al Khiamah campus will be offering its programs in several key fields commencing in September 2008 and will welcome 250 students in its first academic year.

The RAK Campus will be an added value to the emirate of Ras Al Khaimah and will operate proactively with industry and employers in the region to provide career-relevant education.

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Ras Al Khaimah Property News

Ras Al Khaimah Free Trade Zone receives delegation from Bolton University Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

The campaign has a deep social significance and keeps the RAK Free Trade Zone in direct and constant connection with the other public authorities in the emirate.

A large number of staff and employees of the registered companies at the free trade zone donated blood and the turnout will encourage the RAK Free Trade Zone to organize more blood donation campaigns in the future.

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Ras Al Khaimah Property News

Ras Al Khaimah Free Trade Zone organize a blood donation campaign Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

The RAK Free Trade Zone has made huge progress to develop economic and trade relations with Indian companies and has attracted a number of Indian companies to Ras Al Khaimah. Indian companies already make 35% of the total number of companies registered in the RAK Free Trade Zone.

There is immense scope for increased business and trade cooperation between Ras Al Khaimah and India, where rapid growth of their economies has unveiled new opportunities for greater cooperation. The two sides held discussions on expanding bilateral relations, and opening new areas of cooperation.

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Ras Al Khaimah Property News

Indian business delegation visits the Ras Al Khaimah Free Trade Zone Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

The Dubai Health Authority announced that the new system would ensure that everyone in the emirate had access to basic health services, including primary outpatient care, non-emergency in-patient care and prescription drugs.

All expatriates living in the emirate are expected to have registered with a primary clinic by the end of 2009. The clinics will receive fixed sums for every patient they have registered.

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Dubai health care overhaul Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

The old inspection station located near the old Traffic Police Headquarters will now handle only heavy vehicles. The new inspection station would help reduce congestion at the old station. There are also plans for two more inspection stations to be established in the remote areas of Masafi in southern Ras Al Khaimah.

The head of Ras Al Khaimah’s Traffic and Licensing Police, said the number of new vehicles registered in Ras Al Khaimah each year has increased and certain services like the vehicle inspection need to be improved and expanded to cope with the increased number of vehicles in the emirate, especially during the registration and renewal of licences.

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Ras Al Khaimah Property News

Ras Al Khaimah opens a new vehicle inspection station Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

The Emirates Motor Sports Federation plans to create an official circuit for drifting that will formalise a set of rules and penalties for drivers and owners of automobile racing clubs in the seven emirates.

Motorsports clubs that host drifting competitions would soon have to register with the Emirates Motor Sports Federation before holding an event. Major clubs in Al Ain, Umm al Qaiwain and Ras Al Khaimah , as well as others in the country, have agreed to abide by the new rules.

The Federation will provide the clubs with qualified personnel to judge and organise competitions. Police and emergency services must also be present to have a sanctioned competition. The government aim is to create a professional sport with all the proper regulations.

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Ras Al Khaimah Property News

United Arab Emirates to regulate motorsport of Drifting Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

The Bulgarian registered consortium KG Maritime shipping, led by Germany's Martrade Shipping & Transport, was the sole remaining bidder as the other bidders failed to meet privatization requirements set by the government.

The state-owned Maritime Navigation shipping company has a fleet of 71 ships, most of which need to be upgraded. The buyer has pledged to invest 390 million Euros over the next 10 years.
The deal allows for the remaining 30 percent of the company to be offered for sale to the buyer after a period of five to six years.

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Bulgaria Property News

Bulgaria deal for states marine operator Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

The most significant growth is in the export of animal fats, oils and wax to EU member countries – by 600 per cent. The export of mineral fuels and products, non-alcoholic and alcoholic beverages and tobacco to the EU has doubled. The export of machinery, equipment, transportation vehicles, chemicals and chemical products has increased between 30 and 40 per cent.

Bulgarian imports have also registered growth in the beginning of 2008 at 25.1 per cent. The majority of the imported products include machinery and equipment, mineral fuels food products and livestock.

Bulgaria Investment Property

Bulgaria Property News

Exports in Bulgaria rise Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

The newly-established energy holding is seen in the future as one of the biggest structures of its kind in South-Eastern Europe. The energy holding, which would take over the state stakes in Maritsa Iztok mines, Maritsa Iztok II thermal power plant, state-owned gas distributor Bulgargas, power grid operator National Electricity Company and Kozloduy nuclear power plant, requires a consultant to assist in its establishment.

The ministry plans to award an eight-month contract, with the adviser tasked to prepare the ground, register the holding, outline a development strategy and suggest measures to improve the regulatory framework. It would also have to oversee the merger of the companies and propose a personnel efficiency plan.

Bulgaria Investment Property

Bulgaria Property News

Bulgarian energy holding seeks consultant Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

Ras Al Khaimah Free Trade Zone said they had not been affected by recent global downturns and have instead increased their rate of growth. Last month, 151 new companies registered in the zone and they have a monthly average of 130-140 new companies registering.

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Ras Al Khaimah Property News

Ras Al-Khaimah Free Trade Zone, an alternative to Dubai Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

The most expensive properties are those in the capital city of Sofia where prices are expected to further increase with expectations for annual growth to range between 10% and 20%. The Black Sea town of Varna has also seen significant price rises and attracted investors’ interest.

The average price paid for residential places across the country has reached 1300 Euro’s/m2 in the period January to March 2008.

Bulgaria Investment Property

Bulgaria Property News

Residential Property Prices up 7% in Bulgaria Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555

The Ras Al Khaimah Free Trade Zone has a growing reputation as a business hotspot and has been able to penetrate the international markets, attracting giant companies. European companies registered with the zone comprise 31% of the total number of companies. It is hoped that the cooperation will increase the Spanish investments at the zone and open up new avenues of investment between both the public and private sectors of the region.

Ras Al Khaimah Investment Property

Ras Al Khaimah Property News

Ras Al Khaimah Free Trade Zone discuss bilateral cooperation with Spain Selectproperty.com Office 803 - Concord Tower, Tecom, Dubai Media City United Arab Emirates Dubai Office: +971 4 446 2756 UAE fax: 971 4 440 4849 UK Office: +44(0) 161 488 3555