The Gulf has enjoyed a reputation over the past decade as something of an expat hotspot, coming in droves with their sights set on making money, tax-free and lots of it. The shift towards a rising demand for expat accommodation means higher property prices and soaring rents are the result of supply outstripping demand in many areas. Property rents in Dubai are rising at a rate which many are finding difficult to cope with, despite the authorities recently introducing a cap on the rent which landlords are allowed to charge. Many UAE landlords appear to be flouting these new rules with demand for rented accommodation so high, they have no difficulty finding new tenants at the higher prices, prompting expats to consider property in Ras Al Khaimah and the neighbouring emirates of Sharjah and Abu Dhabi.

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photo courtesy of Seaworld Orlando photo courtesy of Flickr

News that the US giant Busch are set to open an array of theme parks in Dubai’s “Palm Jebel Ali” development was well received by the stock market with shares being marked higher on hopes that this would be a valuable future income stream for the group. Globalisation is increasingly playing a key role in the transference between countries pursuing similar business models and provides for greater brand extension.
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While many property markets around the world are on alert for a possible slowdown as the world economy comes under pressure, “The World” venture in Dubai is going from strength to strength with work on the island of “Greece” set to start by the end of this year.  The project will be built by well known developer Nakheel, but what exactly can investors expect and how much will it cost?

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Photo courtesy of Elmar

The world may be being built in Dubai but it also seems that the world is coming to Dubai. Latest figures show that Dubai International was the fastest growing airport in the world last year.

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With the amount of newspaper inches and web coverage, the Dubai real estate market has received in recent years, you cannot fail to have heard about some of the country’s amazing real estate feats from constructing the world’s largest shopping mall complete with indoor ski slope to building from scratch, a man-made island in the shape of a Palm Tree.We have been lucky enough to get our hands on some aerial photos taken at the end of 2007, giving a helicopter view of the Dubai property phenomenon under construction.
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It’s official: The World is ready. The creation of Dubai’s iconic man-made archipelago, The World, has been completed, developer Nakheel announced this week.

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Never let it be said that celebrities don’t know how to play the media game to their full advantage. One star couple who are more media savvy than most is the pairing of Angelina Jolie and Brad Pitt who, it has been reported, have bought one of the exclusive reclaimed islands that make up the super-development of The World in Dubai, an iconic project widely regarded as one of the most ambitious construction undertakings of modern times.

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If travelling in absolute style is your preference, you’ll be pleased to know that luxury airline Silverjet has added a second international destination to its exclusive route map. Luton based Silverjet began offering daily direct flights from the UK to Dubai this month, selecting the Middle Eastern playground as a natural complement to its popular New York service.
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