Month: June 2007

Dubai Select named as a ‘One to Watch’ in National Awards

Dubai Select, a company that supplies luxury property in the United Arab Emirates state of Dubai, has been unveiled as one of four finalists at the Fast Growth Business Awards 2007 in the ‘One to Watch’ category. The company, who is run by Stockport-born entrepreneur Mark Stott, is the only North-West based company in this… Read more »

Dubai records 36pc trade growth in 05

DUBAI — Reinforcing its reputation as the trading hub of the Middle East, Dubai has achieved a 36 per cent growth in trade during 2005. According to trade traffic statistics compiled by the Statistics Department of Dubai Ports, Customs and Free Zones (PCFC), total trade through the emirate surged to Dh480 billion during the year… Read more »

Dubai metro fires up property prices

Demand for real estate near Dubai Metro stations is heating up in response to the rapid physical emergence of the RTA’s Dh15.5 billion project, say property consultants and agencies. Companies and residents on the hunt for real estate are increasingly prioritising locations near metro stations and are willing to pay a premium to avoid congested… Read more »

Dubai is to buy the Queen Elizabeth 2 cruise ship for $100m

QE2 set to become floating hotel Dubai is to buy the Queen Elizabeth 2 cruise ship for $100m (£50.5m) and turn it into a floating hotel off the Gulf emirate’s man-made islands. The 70,000-tonne vessel, launched by the Queen in 1967, is to be sold to the Dubai World firm by Carnival, the world’s largest… Read more »

Dubai drives UAE’s non-oil GDP growth

DUBAI — UAE’s commercial capital of Dubai remains to be the country’s “key driving force” in the exceptional growth of its non-oil GDP (gross domestic product), or the sum of products and services that it produced in a given period. In its preliminary data released yesterday and sourced from the UAE Ministry of Economy, the… Read more »

Spanish property ‘not just for retirees’

Buying property in Spain is attractive not just to retirees but to Britons of all ages, a new survey has revealed. The findings of the Banco Halifax Hispania survey challenged popular assumptions, revealing that a far greater percentage of under 55s said they would like to live abroad than those aged 65 or over. Almost… Read more »

Dubai commits to $80bn growth plan for aviation infrastructure

Currently committed to more than $80 billion expenditure on aviation infrastructure, the Dubai Government is forecasting emergence of a $2,600 billion global aviation market over the next 20 years. This year will see completion of the first of six CAT III runways at the core of the 140 sq km aviation community under construction at… Read more »