http://www.dubaipropertynewsletter.com Latest Property News at Dubai Property Newsletter. Tue, 08 May 2012 12:43:41 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 http://www.dubaipropertynewsletter.com/2012/05/08/saudi-prince-announces-1-6-million-tourism-jobs-over-3-years/ http://www.dubaipropertynewsletter.com/2012/05/08/saudi-prince-announces-1-6-million-tourism-jobs-over-3-years/#comments Tue, 08 May 2012 12:43:41 +0000 admin http://www.dubaipropertynewsletter.com/2012/05/08/saudi-prince-announces-1-6-million-tourism-jobs-over-3-years/ Prince Sultan bin Salman, president of the Saudi Commission for Tourism and Antiquities (SCTA) has announced the kingdom’s tourism sector is to provide 1.6 million jobs by 2015, Arab News has reported. “By the end of 2010, the number of direct and indirect jobs created by the sector rose to 1.2 million,” the prince said. Among them, 128,000 were Saudi, he said.

]]> http://www.dubaipropertynewsletter.com/2012/05/08/saudi-prince-announces-1-6-million-tourism-jobs-over-3-years/feed/ 0 http://www.dubaipropertynewsletter.com/2012/05/08/saudi-arabia-deters-public-from-syria-travel/ http://www.dubaipropertynewsletter.com/2012/05/08/saudi-arabia-deters-public-from-syria-travel/#comments Tue, 08 May 2012 12:43:41 +0000 admin http://www.dubaipropertynewsletter.com/2012/05/08/saudi-arabia-deters-public-from-syria-travel/ The Saudi government has warned citizens against travel to Syria and urged those in the country to leave because of the security situation, Reuters has reported. “In view of the continuing deterioration of the security situation in Syria, the foreign ministry renews its advice and its warning to all citizens against travel to Syria in order to ensure their safety and security and to avoid being exposed to any mishaps,” said the foreign affairs ministry.

]]> http://www.dubaipropertynewsletter.com/2012/05/08/saudi-arabia-deters-public-from-syria-travel/feed/ 0 http://www.dubaipropertynewsletter.com/2012/05/08/new-e-gateway-project-to-make-uae-oman-border-crossing-faster/ http://www.dubaipropertynewsletter.com/2012/05/08/new-e-gateway-project-to-make-uae-oman-border-crossing-faster/#comments Tue, 08 May 2012 12:43:40 +0000 admin http://www.dubaipropertynewsletter.com/2012/05/08/new-e-gateway-project-to-make-uae-oman-border-crossing-faster/ The UAE and Omani governments are set to introduce a new e-gateway system designed to make the immigration process at the Oman-UAE border easier and quicker, Muscat Daily has reported. Project Aabar, under which a micro-chipped card with details of the traveller will be used, is expected to be implemented next year at the Hatta crossing. “The new immigration system is currently being implemented by the general directorate of residency and foreigners affairs, Dubai,” UAE official told the daily. Under the new system, travellers will not be required to step out of their cars as the system will capture their info through radio frequency identification, the official said.

]]> http://www.dubaipropertynewsletter.com/2012/05/08/new-e-gateway-project-to-make-uae-oman-border-crossing-faster/feed/ 0 http://www.dubaipropertynewsletter.com/2012/05/08/four-out-of-14-rezidor-group-hotel-projects-delayed/ http://www.dubaipropertynewsletter.com/2012/05/08/four-out-of-14-rezidor-group-hotel-projects-delayed/#comments Tue, 08 May 2012 12:43:40 +0000 admin http://www.dubaipropertynewsletter.com/2012/05/08/four-out-of-14-rezidor-group-hotel-projects-delayed/ Kurt Ritter, president and chief executive of the Rezidor Hotel Group has said the firm has seen the delay of four out of 14 hotels in the pipeline for the Middle East, Gulf News has reported. A Park Inn property in Egypt, two hotels in Saudi Arabia and one in the UAE are delayed, Ritter said. In light of the Eurozone crisis, the company is shifting its focus to the growing Middle East where it hopes to achieve about 65% occupancy across its properties, he said. “Now there is oversupply and it’s not wise to take any commitments there [in Europe], so we are looking at the Middle East, Africa and Russia, that is our strategy for the time being.”

]]> http://www.dubaipropertynewsletter.com/2012/05/08/four-out-of-14-rezidor-group-hotel-projects-delayed/feed/ 0 http://www.dubaipropertynewsletter.com/2012/05/08/abu-dhabi-airport-terminal-deal-won-by-consortium/ http://www.dubaipropertynewsletter.com/2012/05/08/abu-dhabi-airport-terminal-deal-won-by-consortium/#comments Tue, 08 May 2012 12:43:40 +0000 admin http://www.dubaipropertynewsletter.com/2012/05/08/abu-dhabi-airport-terminal-deal-won-by-consortium/ A consortium including Arabtec Holding, Turkey’s TAV Insaat and Greece-based Consolidated Contractors Co has been named as the preferred bidder for the construction of the new terminal building at Abu Dhabi airport, Bloomberg has reported. The re-development and expansion plan will increase the airport’s capacity to more than 40 million passengers a year. The 700,000 sq m building will have piers that can accommodate as many as 65 aircraft at one time, including the wide-body Airbus SAS A380 and Boeing 747-800 planes, Abu Dhabi Airports said. The project is scheduled for completion in 2017.

]]> http://www.dubaipropertynewsletter.com/2012/05/08/abu-dhabi-airport-terminal-deal-won-by-consortium/feed/ 0 http://www.dubaipropertynewsletter.com/2012/05/08/drake-scull-wins-dhs200m-contract-for-dubais-business-bay/ http://www.dubaipropertynewsletter.com/2012/05/08/drake-scull-wins-dhs200m-contract-for-dubais-business-bay/#comments Tue, 08 May 2012 12:43:40 +0000 admin http://www.dubaipropertynewsletter.com/2012/05/08/drake-scull-wins-dhs200m-contract-for-dubais-business-bay/ Dubai-based construction company Drake & Scull International (DSI) has said it has been awarded a contract valued at Dhs200m to develop the Binary commercial tower at Dubai’s Business Bay, Bloomberg has reported. The announcement was made in a statement to the Dubai stock market.

]]> http://www.dubaipropertynewsletter.com/2012/05/08/drake-scull-wins-dhs200m-contract-for-dubais-business-bay/feed/ 0 http://www.dubaipropertynewsletter.com/2012/05/08/badr-muscat-hills-inks-marketing-deal-with-savills-oman/ http://www.dubaipropertynewsletter.com/2012/05/08/badr-muscat-hills-inks-marketing-deal-with-savills-oman/#comments Tue, 08 May 2012 12:43:40 +0000 admin http://www.dubaipropertynewsletter.com/2012/05/08/badr-muscat-hills-inks-marketing-deal-with-savills-oman/ Omani real estate developer, Badr Muscat Hills has appointed Savills Oman to market its luxury villa development at Muscat Hills Golf & Country Club, Oman Daily Observer has reported. The company is developing 20 limited edition pool residences within the gated Muscat Hills community. The development has freehold ITC status and is open for purchase to both Omanis and expatriates. Each contemporary style residence has its own private pool and offers a very high standard in design and finish, the developer said.

]]> http://www.dubaipropertynewsletter.com/2012/05/08/badr-muscat-hills-inks-marketing-deal-with-savills-oman/feed/ 0 http://www.dubaipropertynewsletter.com/2012/05/08/salary-hike-in-qatar-boosts-residential-sales/ http://www.dubaipropertynewsletter.com/2012/05/08/salary-hike-in-qatar-boosts-residential-sales/#comments Tue, 08 May 2012 12:43:40 +0000 admin http://www.dubaipropertynewsletter.com/2012/05/08/salary-hike-in-qatar-boosts-residential-sales/ According to a report by DTZ Research, the 60% salary increase for Qatari employees in the public sector seems to have brightened the prospects of residential sales, especially in the Pearl-Qatar and within the Diplomatic district, Gulf Times has reported. During the first half of 2011, sales activity remained limited, with average freehold prices (in the Pearl-Qatar) stabilising at QR11,000 per sq m and the second half recorded improved sales activity and greater optimism from potential purchasers/investors, DTZ said, adding that trend has continued over the first quarter of 2012. “In addition, local banks are now offering more favourable financing terms and the Pearl-Qatar has become an established and successful residential location,” it said, highlighting that residential sales at the Pearl dominated the freehold market.

]]> http://www.dubaipropertynewsletter.com/2012/05/08/salary-hike-in-qatar-boosts-residential-sales/feed/ 0 http://www.dubaipropertynewsletter.com/2012/05/08/will-the-olympic-effect-attract-gulf-property-investors-to-east-london/ http://www.dubaipropertynewsletter.com/2012/05/08/will-the-olympic-effect-attract-gulf-property-investors-to-east-london/#comments Tue, 08 May 2012 12:43:39 +0000 admin http://www.dubaipropertynewsletter.com/2012/05/08/will-the-olympic-effect-attract-gulf-property-investors-to-east-london/ With the opening of the London Olympic Games just a few short weeks away, has the much-heralded regeneration of large parts of East London made the area a viable target for property investors in the Middle East?

]]> http://www.dubaipropertynewsletter.com/2012/05/08/will-the-olympic-effect-attract-gulf-property-investors-to-east-london/feed/ 0 http://www.dubaipropertynewsletter.com/2012/05/08/oversupply-is-boon-for-renters-in-abu-dhabi/ http://www.dubaipropertynewsletter.com/2012/05/08/oversupply-is-boon-for-renters-in-abu-dhabi/#comments Tue, 08 May 2012 12:43:39 +0000 admin http://www.dubaipropertynewsletter.com/2012/05/08/oversupply-is-boon-for-renters-in-abu-dhabi/ With residential rents in Abu Dhabi forecast to continue to fall this year as new supply hits the market, tenants are enjoying a wider range of choice and better value for money.

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