Month: July 2009

Turkey dubbed as “one of the top investment destinations of 2009”

Conti, the UK’s leading overseas mortgage specialists have announced that Turkey is “one of the top investment destinations of 2009”. A rising demand created by “great property prices, superb Mediterranean location and separation from the strong euro” have launched the countries inward investment to new heights. A 65% increase in mortgage applications were recorded for… Read more »

New regulations provide greater security for investors in Ras Al Khaimah

A property regulator has been set up in Ras Al Khaimah, providing greater security to property investors in the emirate. 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… Read more »

Metro Link predicted to boost tourism

Sheikh Maktoum’s inspection of Dubai’s new Metro Link resulted in some very encouraging feedback yesterday. The city’s Deputy Ruler expects the $4.2bn metro system, which is due to complete in March next year, to boost tourism and elevate property prices. He told officials that, when completed, the Dubai Metro would “attract more holidaymakers to the… Read more »

Al Marjan Island construction begins second phase

Rakeen is geared up to begin the second phase of Al Marjan Island infrastructural work. Work will is scheduled to commence in just under a months time, exciting news for all investors involved with the project. Dr. Fawzi Shadid, Infrastructure Manager at Rakeen, said: “It is our top priority to fast-track the completion of infrastructure… Read more »

Quarterly Data shows an improved interest in Turkish property

The past quarter has revealed some interesting findings regarding Turkish property. Web based searches were up 30% on the previous quarter. Julian Walker, a specialist in The Turkish property market said, “We started revealing monthly statistics at the start of this year, and they showed that the number of people looking to buy property in… Read more »

Worlds most expensive hotel raises the profile of Turkey

Paris Hilton, Mariah Carey, Tom Jones, Sharon Stone, Richard Gere and Seal were amongst the A-listers attending the extravagant launch of the Mardan Palace Hotel,. Turkey The stars joined the 600 guests to witness first preview of the new 5* luxury development which is now the world’s most expensive hotel. No expense was spared when… Read more »

Dubai considering 2020 Olympics bid

Dubai will soon set up a committee to decide whether to bid for the 2020 Olympic Games and the World Expo that year. Dubai has advanced far ahead of its Gulf neighbours on the sports front by linking investment with a decade-long effort to attract tourism. Olympic bids have historically had implications on world markets…. Read more »

Dubai property improved by Metro Link

It’s not due to open until September, but Dubai metro is already beginning to affect the city’s property prices with homes near stations selling for a premium. “For residential [sales] we’re seeing a higher demand because of accessibility to the metro, but this is only for properties situated almost directly outside a station,“ said Michael… Read more »