Rising inflation rates and prices coupled with fluctuating interest rates are proving a major challenge to countries around the world. In the meantime, GCC economies have shown exceptional growth on the back of oil and gas revenues. They have achieved the highest growth rates in world in both 2006 and 2007, which have averaged between six and seven percent.

According to the President of the International Advertising Association, Joseph Ghossoub, the real estate advertising in the region is “mediocre”. He has also accused the younger lot of advertising executives of “looking for material gain immediately”. He made these comments during an exclusive interview with CEO Middle East, he praised the

The UK based property advisor, Savills, has through a study revealed that real estate investments from the Middle East will increase by 67% in 2008 to £2.5 billion (AED 18 billion) from £1.5 billion last year, despite a falling property market in the United Kingdom. According to James Goldsmith, Director International Investment for Savills in the UK, “In falling

There was a time when Dubai was considered by expatriates as a place where they could make some money during a stay of a few years and then leave. Things have changed since then, with many in the flourishing expat community thinking of not only staying longer but even retiring in the thriving Emriate.

Globalisation is changing the world very rapidly. Goods and finance are already flowing freeing across borders and the day is not far away when labour will join this free flow. In such a scenario, it becomes increasingly difficult to avoid cosmopolitanism. A couple of years ago, Robert Shiller, an Economics professor at Yale and a columnist wrote about what he termed as “new cosmopolitans”. Even then he realised

Jeddah, Saudi Arabia: According to a report issued by Moody’s Investors Services, the rising cost of living is making Gulf countries less attractive for expatriate workers. This has created the potential for regional governments’ efforts to move away from oil based economies and developing of non-oil sectors to fail.

Investing wisely in an emerging market There is a high probability that prices of prestige buildings in Abu Dhabi will show a similar type of capital appreciation as Burj Dubai where prices have soared to a new UAE record of US$3,500 per square foot.

So you’ve heard about and perhaps even sensed the excitement associated with Dubai real estate being an investor’s dream. This has piqued your interest and you want to get in on the Dubai condo hotel trend? Or you could be thinking that this type of vacation home ownership is just right for you considering that a condo hotel unit, or “condotel

The first phase of development of the recently launched Entertainment District by Dubai Infinity Holding (DIH) will have a price tag of approximately AED 660 million and will cover an area of 150 hectares. Samira Abdulrazzak, CEO, Infinity Group, sharing the details of the project, which is a joint venture with one of Bollywood’s most successful film banners, Yash Raj Films, said, “Dubai Infinity Holding is an innovative and empowering investment

According to a top official at Nakheel, three million people will benefit from the companies housing projects over the next five years. This is according to Sultan bin Sulayem, Chairman, Nakheel, who said, “Over the next five years our activities will be focused on Dubai. We will be delivering homes for three million people across 3.5 billion square feet of land and have plenty to keep us occupied.”