Month: January 2010

Dubai’s Meydan racecourse opens for business

Meydan racecourse in Dubai set to open its doors for the first time this evening with the first of a series of events leading up to its official inauguration on 27th March when it will host the Dubai World Cup; the world’s first $10m horse race. Tonight’s race meeting will see renowned jockeys such as… Read more »

Dubai to spend $3bn on transport in 2010

Dubai is set to invest up to $3bn in transport projects in 2010 according to Dubai’s Roads and Transport Authority (RTA). Speaking at a news conference last week, RTA chairman Mattar al Tayyer said: “Investing in infrastructure is the driving force for the economy. We have AED10.5bn budget for this year and we will spend… Read more »

Turkey tourism bucks global trend in 2009

Turkey’s tourism industry increased by 2.81% last year, a new report by the Turkish Culture and Tourism Ministry has revealed. Whilst 2009 saw the economic downturn force global tourism to contract by 4.3%, Turkey welcomed more than 27 million foreign visitors according to the report. Analysis of the figures proved Turkey to be most popular… Read more »

WOW RAK on schedule to open in April

The first phase of WOW RAK, Ras Al Khaimah’s multi-use theme park and waterpark, is set to open in April this year according to its developer. POLO RAK Amusements has confirmed that WOW RAK’s snow-themed Ice Land Waterpark is on track to open in mid-April. The largest of its kind in the Middle East at… Read more »

Dubai Marina still Dubai’s most popular property hotspot

Dubai Marina continues to be the most sought after location for Dubai property purchases and rentals according to a leading Dubai real estate website. The latest findings of have revealed that Dubai Marina came out on top again for both sales and rental enquiries in the final quarter of 2009. Out of 400,000 unique… Read more »

Deloitte show confidence in Dubai and predict global recovery in 2010

Deloitte’s chief executive has revealed his positive outlook for Dubai and the Gulf’s prospects. Speaking to reporters, Jim Quigley said: “If in fact the infrastructure is in place here, and I think it is uniquely in place here, if you look not only at your immediate region but all of your neighbours… then I think… Read more »

Dubai property sales and rental rates stabilise

Dubai property sale and rental prices are stabilising, according to two new reports published this week. Whilst the majority of 2009 saw the Dubai property market endure the effects of the global downturn, reviews by Asteco and HC Securities both provide evidence of a turnaround in the last two months of the year, indicating a… Read more »

400 parachutists descend on Dubai Marina

All eyes were on Dubai Marina on Friday as the Dubai International Parachute Championship got off to a flying start with around 400 parachutists from 45 countries taking part.  The championship, believed to be the first of its kind in the UAE, is divided into three disciplines: formation accuracy, formation skydiving and canopy piloting with… Read more »