Month: February 2010

Ras Al Khaimah: Al Marjan Island infrastructure progressing at good pace

Infrastructure work on Ras Al Khaimah’s Al Marjan Island is progressing at good pace, Ras Al Khaimah Investment Authority (RAKIA) has announced. Following work on Phase 1 of the infrastructure which started back in September 2008, Italian contractor Rizzani De Eccher began mobilisation in November last year on Phase 2 and anticipate completing all work… Read more »

Spain: tourist arrivals up in January

Spain received an increased year on year number of foreign tourist arrivals in January according to the tourism minister, suggesting a return of growth to the sector.  Approximately 2.65 million foreign tourists visited Spain last month, marking an increase of 1.1% compared to January 2009.  Spain remained most popular amongst British tourists, who made up… Read more »

Dubai property market remains attractive for investors

The Dubai property market is still proving a popular investment opportunity amongst overseas investors, a recent survey has revealed. According to findings of the The FutureBrand Gulf Real Estate Study, Dubai was deemed to be the top destination for property purchases, ahead of neighbouring Abu Dhabi. In addition, 70% of respondents believed that property in… Read more »

Major infrastructure plans in the pipeline in Ras Al Khaimah

Massive infrastructure plans across all sectors are in the pipeline in Ras Al Khaimah, it has been announced by the Chairman of the RAK Finance Department. According to Sheikh Faisal bin Saqr Al Qasimi the new infrastructure would mean improvements for all areas, from industry to tourism and leisure. “Funds are to be spent in… Read more »

Sale of land in Sahl Hasheesh sign of appetite for Red Sea property

Leading real estate company Egyptian Resorts has sold a plot of land in Sahl Hasheesh on the Red Sea for $13.3 million according to Reuters, representing a renewed appetite for Egyptian property, as well as a sharp increase in the value of the land. Egyptian Resorts have observed an increased interest in Egyptian property, according… Read more »

Construction of new terminal underway at Hurghada airport

A construction contract has been awarded to build a second terminal at Hurghada airport. The new terminal, expected to take 36 months to construct, forms part of expansion plans to increase Hurghada’s airports capacity from its current 5.6 to 13 million passengers per year. Medhat Hendawi, chairman of the Egyptian Airport Company said: “The new… Read more »

Egypt top choice for British tourists in 2010

Egypt is expected to be one of the top destinations in 2010 for British tourists looking to make the most of their holiday budget this year.  Egypt represents excellent value for money for tourists after the Egyptian Pound dropped by nearly 15% against the British Pound throughout 2009.  According to the Post Office sales of… Read more »

Spanish Property: Expert advice is to invest early 2010

People considering investing in Spanish property should look to do so in the early part of 2010 in order to capitalise on rising property prices in the country according to a Spanish property expert. According to an article published by Propertyshowrooms.com, Des Rowson, spokesperson for Spain at the National Association of Estate Agents International (NAEA)… Read more »