Month: May 2007

Spanish property prospects ‘brighter than anticipated’

Many investors now have negative view of the Spanish market, which is largely unwarranted, one expert has said. Mark Stucklin, spokesman for Spanishpropertyinsight.com, said that problems in the Spanish property market have been “exaggerated” and many investors have a distorted view of the country’s prospects. For the first time in many years, there is now… Read more »

Dubai taxis to go green

A ground-breaking decision to introduce hybrid vehicles into Dubai’s taxi fleet was announced yesterday. The Dubai Government said the move to hybrid technology in the 6,000-strong fleet of taxis would be a gradual one. It will cut both carbon dioxide emissions and pollution. The decision follows the directives of His Highness Shaikh Mohammad Bin Rashid… Read more »

Dubai the 14th most expensive city in the world for tenants

Rental accommodation in Dubai now averages almost $3,500 (AED 12,850) per month, according to a report from consultancy firm ECA International. The price tag makes the emirate the 14th most expensive city in the world for tenants, behind places such as Hong Kong, Tokyo, New York City and London. ECA surveyed 92 cities around the… Read more »

Airport investment across the region reaches US$ 60 billion

Major airport expansions and a booming aviation industry across the Middle East, Africa and South Asia will be reflected by a record gathering of suppliers from around the world at the Airport Show which opens in Dubai next week. The event, the region’s only dedicated trade show for airport construction, operations and technologies, has grown… Read more »

Important announcement

In order to more accurately reflect the international nature of our fast-growing business, we are pleased to announce that we are changing our corporate name and logo to: This change is taking place now, so you will begin to see the new logo on all our letters, new brochures, advertising and the internet. It will… Read more »

Change to capital gains tax for owners of properties in Spain

There has been a change in the tax laws in Spain which means that all property owners are now to be treated equally with capital gains tax at 18% of the declared gain. If a resident is aged 65 years or over they are exempt from this tax, as long as they have lived in… Read more »

Dubai joins LA and Florida as $64 billion Universal Studios theme park announced

Not to be outdone by Abu Dhabi, which recently announced a deal to create a multi-million dollar spin-off of France’s famed Louvre museum, fast growing Dubai, a destination longing to position itself as a global tourist destination, has announced that a Universal Studios theme park will form part of a wider Universal development costing over… Read more »

Dubai to host 2009 Rugby Sevens World Cup

Dubai has won the right to host the Rugby World Cup Sevens in 2009 and the tournament will be the first to incorporate a women’s competition, the International Rugby Board (IRB) announced yesterday. The Gulf state beat off stiff competition from Australia as well as bids from the Netherlands, Russia and the United States to… Read more »