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Permanent Naif Souq To Be Ready in a Year
Traders will have to wait for at least another year for the opening of the permanent Naif Souq. Senior officials of the Dubai Municipality told Khaleej Times recently that the construction of the souq started only last month and that it would take at least a year before the permanent structure is ready. A huge fire [...]
Continue reading...Dubai’s real-estate dilemma
29. August 2008
There’s a simple axiom — what goes up must surely come down? The real-estate sector in Dubai seems to be defying this logic. The news this week that property prices will peak in 2009 and then decline by at least 15 per cent suggests the market is headed for the nirvana of a soft-landing after [...]
Continue reading...Investment in property no surety for residence visa
27. August 2008
An impending law detaining the relationship between a real estate developer and an investor will clear the confusion regarding developers facilitating residency visas, according to the immigration authority. Investors say their contracts promised residency visas as part of the property deal but many developers recently stopped accepting visa applications on the advice of the Dubai [...]
Continue reading...The Tigerwoods Dubai
14. August 2008
The Tiger Woods Dubai, a member of Tatweer, is a private residential community and resort that will include the world’s first golf course designed by Tiger Woods - Al Ruwaya. Embodying Tiger Woods’ vision of creating a spectacular, challenging golf course, Al Ruwaya, will be a 7,800 yard, par 72, 18 hole championship course with dramatic [...]
Continue reading...Dubai introducing the skyscraper that revolves once an hour
25. June 2008
A new type of swirling skyscraper is set to change city skylines forever. An Italian architect has revealed his ambitious plans to create ‘dynamic towers’, in which each floor fully rotates up to once an hour. The first two innovative buildings will be built in Dubai and Moscow by the end of 2010, although the 80-floor [...]
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21. December 2008
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