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Travel and tourism sector in Dubai to grow 4.1% annually

Travel and tourism sector in Dubai to grow 4.1% annually

The Dubai Chamber of Commerce and Industry has revealed tourism in the Emirate is growing at a rate of 4.1% annually, creating 245,000 jobs by 2023 Summary Travel and tourism sector in Dubai to create 245,000 jobs directly by 2023 Dubai Chamber of Commerce and Industry reveals annual tourism growth rate of 4.1% Dubai ranked… Read more »

Dubai economy to grow 5% in 2014 says Official Statistics Center

Dubai economy to grow 5% in 2014 says official statistics center

The Official Statistics Center has revealed that Dubai’s economy is expected to grow by 5% in 2014, continuing the dramatic pace of growth seen in 2013 Summary Dubai’s economy expected to see 5% growth in 2014 Rate of growth to be similar to 2013, according to Dubai Statistics Centre Executive Director Arif Obaid al-Muhairi makes… Read more »

Improvements in Dubai schools as more deemed to be ‘good’

Improvements in Dubai schools as more deemed to be ‘good’

The number of schools rated as ‘outstanding’ and ‘good’ in Dubai has increased in the last year, according to Dubai’s education regulatory authority Summary 12 schools remain ‘outstanding’ according to report from  Dubai’s Knowledge and Human Development Authority Number of schools deemed ‘unsatisfactory’ drops from ten to eight Eight schools show improvement of 141 inspected… Read more »

Nationwide: House price growth into double digits

Nationwide: House price growth into double digits

House price growth of 10.9% was recorded in the year until April, the first time in four years that double digit growth was recorded Summary Growth in house prices of 10.9% in year until April says Nationwide First time since April 2010 that double digit growth recorded and fastest growth rate since June 2007 Prices… Read more »

TECOM Business Parks reveals AED1 billion of Dubai projects

TECOM Business Parks reveals AED1 billion of Dubai projects

Developer TECOM Business Parks has unveiled a series of commercial projects worth AED 1billion, designed to meet demand in the Dubai business market Summary TECOM business parks unveils series of commercial developments worth AED1bn Four projects will see more than 1.3mn square feet of office space created High demand for business space driving projects Dubai… Read more »

Buoyant buy-to-let market shows significant returns

Buoyant buy-to-let market shows significant returns

The buy-to-let market has offered high compound returns since its introduction in 1996 and it is not expected to stop anytime soon Summary Report carried out on behalf of Paragon Mortgages reveals compound return of 16.3% Possible returns of 11% a year for the next decade predicted Figures released ahead of new affordability rules for… Read more »

Q1 sees UK economy grow by 0.8%

Q1 sees UK economy grow by 0.8%

Office for National Statistics figures reveal economic growth for fifth consecutive period, leaving economy just 0.6% below 2008 peak Summary Growth of 0.8% recorded for first three months of 2014 Office for National Statistics reveals growth for fifth consecutive quarter Economy now just 0.6% lower than 2008 peak, recorded before financial crisis The UK economy… Read more »

Dubai Canal project to boost tourism and real estate investment

Dubai Canal project to boost tourism and real estate investment

Dubai Canal project, a mega development in the heart of Dubai will link Dubai Creek with the Arabian Gulf, boosting tourism and real estate in the Emirate Summary 14m sq ft development to extend Dubai creek water way into Arabian Gulf AED2 billion esplanade to house retail, dining, hospitality and residential areas Development from Business… Read more »