The residential units in Dubai has the most attractive returns in 2008, with a 37 percent annual growth rate, followed by commercial and retail space, reveals new study.
The Egypt-based Prime Group, in its report on the Dubai property market, said that continued buoyancy is expected in prices across the board, but, on an average, these prices are more moderate than has been witnessed over the past few years.
In short, the residential units will yield best returns this year, growing to Dh.2100 per square foot (37 percent growth), followed by commercial space at Dh.3800 per square foot (23 percent growth), and retail at Dh.5800 per square foot (13 percent growth). However, as far as the hospitality segment is concerned, the company expects average room rates to increase by 12 percent, touching Dh.1060, said the Prime Group in its report on the Dubai property sector.[Read More]
The world's tallest tower, largest mall, longest bridge - it has them all or will soon. The new airport complex, under construction about 25 miles southwest of old Dubai, is no exception.
At 54 square miles, the land set aside 30 years ago by Sheik Rashid bin Saeed al-Maktoum, then Dubai's ruler, for the $33 billion project is almost twice the size of the island of Hong Kong. The heart of this new city, known as Dubai World Central, will be al-Maktoum International Airport. Upon completion, it will be the world's largest airport, bigger than London's Heathrow and Chicago's O'Hare combined. [Read More]
The Metro network will be fully integrated within the network operated by the Roads & Transport Authority (RTA), a body created in 2005. Routes will be organised around the backbone provided by the rail system. Taxi stations and park-and-ride facilities will be included in key Metro stations to further enhance the system's role.
Groundworks began in February 2006, centred around the 52.1km Red Line... [Read More]
In short, the residential units will yield best returns this year, growing to Dh.2100 per square foot (37 percent growth), followed by commercial space at Dh.3800 per square foot (23 percent growth), and retail at Dh.5800 per square foot (13 percent growth). However, as far as the hospitality segment is concerned, the company expects average room rates to increase by 12 percent, touching Dh.1060, said the Prime Group in its report on the Dubai property sector.[Read More]
The world's tallest tower, largest mall, longest bridge - it has them all or will soon. The new airport complex, under construction about 25 miles southwest of old Dubai, is no exception.
At 54 square miles, the land set aside 30 years ago by Sheik Rashid bin Saeed al-Maktoum, then Dubai's ruler, for the $33 billion project is almost twice the size of the island of Hong Kong. The heart of this new city, known as Dubai World Central, will be al-Maktoum International Airport. Upon completion, it will be the world's largest airport, bigger than London's Heathrow and Chicago's O'Hare combined. [Read More]
The Metro network will be fully integrated within the network operated by the Roads & Transport Authority (RTA), a body created in 2005. Routes will be organised around the backbone provided by the rail system. Taxi stations and park-and-ride facilities will be included in key Metro stations to further enhance the system's role.
Groundworks began in February 2006, centred around the 52.1km Red Line... [Read More]
Dubai Featured Development
Jumeirah Village
A World Class Living in Dubai
A collection of more than 2,000 spacious villas and townhouses built in classic Arabian and Mediterranean styles, Jumeirah Village will provide for a real sense of community living - international schools, town and country clubs, and community centres offer everything required for a self-sustained lifestyle. [Read More]
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Downtown Jebel Ali is a 200-hectare mixed-use urban community along an 11 kilometer... (Read more)
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The World
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Dubai World Central (DWC) is one of the most strategically important commercial... (Read more)Why Invest in Dubai?
What links the proposed takeover of P&O, Arsenal's lavish new London stadium and Brad and Angelina's last luxury holiday? Dubai. How did the modestly-sized sheikdom become a headline grabber?
If P&O is bought by the Dubai-based company planning its takeover it will signal the end of 160 years of British corporate history for the iconic seafaring name.
But the ferry operator would by no means be the first such brand to fall under the influence of this dynamic and emerging Arab state.[Read More]