Month: March 2010

Dubai continues to welcome over 10,000 new residents every month

Dubai’s population surpassed 1.8 million in the first quarter of 2010 according to new figures released yesterday.  Furthermore, current Dubai Statistics Centre data shows that over 10,000 new residents arrive in Dubai every month.  Analysis of the data reveals that Dubai’s population has increased by 7.5% (125,000 residents) over the last 12 months and has… Read more »

Visit Select Property at A Place in the Sun Live 2010

Visit stand E12 this weekend for the opportunity to meet with us and find out more about our latest property additions including Egypt. We’ll be showcasing our Select portfolio and can provide you with full details on all our properties including our projects in Dubai, Turkey and Egypt. Venue: Earls Court, London Date: Friday 26th… Read more »

Dubai metro trains to double when seven new stations open in April

Dubai metro is set to open seven new stations next month, doubling its number of trains in the process, according to an article published today. 12 trains currently operate on the Red Line which opened back in September 2009 and Ramadan Abdullah of the Dubai Road and Transport Authority’s Rail Agency has reportedly told The… Read more »

New Egypt office for Jones Lang LaSalle

Leading global real estate investment and advisory firm Jones Lang LaSalle has opened an office in Egypt. By setting up office in Egypt, according to Reuters, the company hopes to capitalise on the country’s “stable, cash fuelled” property market. Whilst Egypt’s property sector was not immune from the effects of the economic downturn, it withstood them… Read more »

Egypt property prices to increase at steady rate

Now could be the best time to invest in the Egyptian property market, recent news articles suggest, with prices expected to rise steadily over the next five years. Articles for Buy Association and propertyabroad.com quote a recent study by investment consultancy Markaz which projects that the prices of property in Egypt to increase by 6%… Read more »

Ras Al Khaimah: Impressive construction progress on Al Marjan Island projects

Following news last week that infrastructure works on Al Marjan Island are in full swing, the Ras Al Khaimah Investment Authority (RAKIA) has revealed that impressive progress is also being made on several of the island’s developments. The first development scheduled for completion is Rakeen’s multi-use Bab Al Bahr project, located on the Al Marjan’s… Read more »

Dubai economy poised for revival

The Dubai economy is set for recovery, according to a senior official. Speaking at the first Economic Seminar of the year, the Director General of Dubai’s Chamber of Commerce and Industry, Eng Hamad Buamim, forecast that a projected increase in crude oil prices will boost government spending, in turn creating new opportunities for investors and… Read more »