Month: December 2011

AED 600 million to be invested in RAK Tourism

Ras Al Khaimah’s Tourism Investment and Development Authority (RAK TIDA) will invest AED 600 million into tourism projects in the emirate following an in-depth review of Ras Al Khaimah’s tourism industry. The strategic review of the emirate’s tourism attractions, facilities and accommodation found there was a shortage of rooms to accommodate the increased level of… Read more »

Dubai property auction improves market confidence

Dubai’s internationally exposed property stocks rallied today after the emirate’s first successful foreclosed property auction. Stocks in leading Dubai property companies Emaar, Arabtec, and Drake & Scull lead markets this morning with many predicting the beginning of a comeback for property in Dubai. Industry experts have been extremely positive about Dubai’s first ever bulk auction… Read more »