04 enero 2009

Dubai Real Estate Market

Dubai Hotels in price war
“…Dubai hoteliers are waging a price war, with room rates cut by as much as half as they try to lure tourists hit by the global financial crisis… The recession in Europe, Dubai’s largest tourist source market, has caused a sharp drop in visitor levels, with occupancy rates down 25 per cent on those enjoyed at the same time last year… “We are entering a price war as most hotels in Dubai are cutting their rates,” said Amine Moukarzel, the senior vice president and managing director of the Dutch-Swiss Golden Tulip group…”

People should have some support system

“…Dubai: Two years ago, Mike and his family were doing great. He had the perfect job, a nice apartment and three happy children who went to one of the best schools in Dubai… Today, Mike and his family are struggling. He lost his job and can't find an affordable place to live. The biggest problem though, is that he could end up in jail. The car loan, which was not an issue last year, is now a big problem because of his lack of income… Today, and because of the financial crisis, many people find themselves in Mike's shoes, faced with his fears and concerns…”

2 comentarios:

sanjay dijo...

Dubai real state market rapidly growth everyday because their improvement per day in market.
Dubai Real Estate

Fahad Fareed dijo...

ROYAL BAY , a sumptuous collection of fully serviced residential apartments situated on the crescent of Dubai’s iconic Palm Jumeirah, offers home buyers a unique chance to secure a place in one of the few remaining developments on the Eighth Wonder of the World.
Cleverly angled at 45 degrees with spectacular views of the city’s skyline, the Atlantis Hotel and the Arabian sea, ROYAL BAY was designed to maximize light and provide stunning views from every room. The property enjoys the unique privilege of having direct access to a private beach.
A world-renowned man-made landmark and a triumph of human ingenuity. A series of artificial archipelagos in the shape of a stylised palm tree, often referred to as the Eighth Wonder of the World. Palm Jumeirah is a hub for prime residential properties and high-end hotels, as well as a venue for sport events, concerts, entertainment and festivities like New Year’s Eve fireworks.
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• Unrivaled views of the Dubai skyline
• A monorail runs along the trunk of the Palm connecting it to the mainland
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