Month: June 2011

Update: 3 year residency visa available to Dubai property buyers

Dubai’s housing market is expected to receive a considerable boost following new rules regarding residency visas. The Government have announced that property buyers will now be able to gain a 3 year residency visa opposed to the current 6 month visa. The move has been welcomed through-out the industry with experts and analysis’s saying the… Read more »

Spain’s tourism rapidly expands in 2011

Spain’s tourism industry is growing at a rapid pace according to the latest figures. Spain welcomed 19 million holiday makers in the first 5 months of this year which is an improvement of 7.3% compared with the same period last year. Tourism Minister for Spain, Miguel Sebastian said that the country expects to see an… Read more »

Dubai’s “economic indicators are good”

According to the most recent reports Dubai seems to be very much on the road to recovery with improvements across the board. Dubai’s tourism, air transport, trade and service sectors have all grown consistently since 2009 with further improvement this year confirming that the emirate is on the right track. Dubai International Airport traffic experienced… Read more »

Large investment funds buy up property in Spain

Large scale investors are descending on Spain to take advantage of the excellent deals available there. As well as thousands of private investors buying up heavily discounted property, these large funds and investment groups are becoming increasingly involved with the country. Orion Capital Managers managing director, Van Stults said in an interview with Reuters that… Read more »

Market reports disguise opportunities for investors in the ‘Flight to Quality’

There seems to have been much conflicting information published about the international property market in the last few months. I’m sensing this as an informed reader and property professional, so it’s no surprise that I’m hearing the same when I speak to casual spectators or those with a specific vested interest. Take Dubai as a… Read more »

Dubai property market enjoys stability after increased demand

A recent report created by Nomura has highlighted the improving performance of Dubai’s real-estate sector. “We think there are signs of price stabilisation across the residential market, with the recovery in Dubai (in selected areas) stronger than Abu Dhabi.” the report stated. The report’s author Chet Riley added “In the past two months, we find… Read more »

Turkey invests $96.8 million to attract 31 million visitors in 2011

As Turkey increases its efforts to become a world leading holiday destination, the country’s department of promotion has announced that their extensive international marketing plan will attract over 31 million tourists this year. The global strategy implemented from over 40 international promotion offices has seen Turkey’s pristine beaches, historic landmarks and beautiful scenery appearing on… Read more »

Ras Al Khaimah’s tourism industry continues to grow

As the tranquil, northern emirate of Ras Al Khaimah takes further steps to become an international tourism hot-spot, Hilton Hotels have opened yet another property there. The Double Tree Hotel opened at the beginning of April and is the 3rd owned by the world renowned hotelier in the region. Hilton have made clear their intentions… Read more »