Month: September 2011

Strong demand for ‘mid-range’ student accommodation expected

As the last intake of students to arrive at University paying the lower rate of fees start this month, the booming student accommodation market evaluates what the future has in store for this sector. From September next year, new students will be asked to pay approximately 2.5 – 3 times more in tuition fees. This… Read more »

Dubai’s trade and tourism ‘back in business’

Dubai’s economy is ‘back in business’ according to the latest economic report from Standard Chartered. Looking at the UAE’s economy as a whole, the report identified Dubai’s non-oil growth as some of the best in the entire region with strong performance in trade and tourism. The report stated “non-oil economic indicators in Dubai look positive,… Read more »

RAK continues to attract significant business investment

Ras Al Khaimah (RAK) has continued to cultivate a highly favourable business environment and as a result an increasing number of businesses are moving there. The Emirate has issued 800 new licences since the beginning of 2011 which represents an impressive increase of 31% compared with last year. The main bulk of licences were for… Read more »

Spanish Golf property values remain strong

According to industry experts in Spain, Golf property is holding its value much better than the national average. Data compiled by real-estate professionals found that Golf property had held its value between 10 to 15% more than other properties in the country. Golf developments have thrived attracting a lot of investor attention while providing Spain… Read more »

Dubai’s ‘flight to quality’ improves rental rates

A recent article by the Gulf News has highlighted the effect of the on-going ‘flight to quality’ currently shaping Dubai’s real estate market. Increasing numbers of tenants are now taking advantage of lower prices to move to more desirable areas of the city. However the most recent development in this process is that people now… Read more »

Dubai economy to grow by over 5% in 2011

Dubai’s economy is expected to grow by 5% this year according new data from the country. Abdul Rahman Saif Al Ghurair, a prominent industry expert and the chairman of Dubai’s chamber of Commerce and industry said that Dubai’s economic growth could even accelerate to 6% by the end of the year. Dubai’s Chamber of Commerce… Read more »

Istanbul real-estate market continues to boom

Istanbul’s property market continues to accelerate ahead of the rest of the world according to new data from the city’s chamber of commerce. Foreign direct investment into Istanbul increased by an impressive 27% this year meaning Istanbul is now one of the most popular property hot-spots in the world. Turkey’s thriving economy which outpaced China… Read more »

8% growth in Spanish property investment

According to new reports from industry professionals in Spain, sales to foreign nationals are on the increase. One leading developer has reported that international investment in Spain is up 8% this year with demand from foreign nationals still on the rise. The new data revealed that UK investors make up the majority of the market… Read more »