General Travel News

Yacht Owners Look To Recover Their Investment

Cash strapped yacht owners are keeping the second hand boat market busy as they look to recover some of their investment.  Many who bought their yachts during better economic times are now trying to free up cash by selling their boats.  Rashid, who owns a property company in Dubai, purchased a new 50 foot luxury yacht over two years ago for Dh10 million (US$2.72m).  At the time Rashid had the funds to maintain the expensive boat, but now he is willing to let it go for only a third of its original value. 

Michael Derret, a market research consultant specializing in business planning for the maritime leisure industry said “In the short term it’s very tough for the industry.”    Derret explained that marina developments depend on property developments in part, because they increase the property value and create a lifestyle.  When property values increase again, marina projects will also grow.
 

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Featured Sights To See
Chughtai Museum Trust Art Gallery

Chughtai Museum Trust Art Gallery

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A must stop for tourists; this gallery showcases the works of Abdur Rehman Chughtai, the national painter of Pakistan. He dabbled in a number of arts and styles but is best known for his water color paintings. Chughtai’s paintings are beautiful and his work is easily recognized. The subjects in his paintings are delicate and it was the manner in which he drew their eyes that became his signature t...

Old City Gates

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The Old City had thirteen entrances and, therefore, gates. These were built for the purpose of protection by the Romans and were often destroyed and later rebuilt. Only one of these gates dating back to the Roman era remains; it is known as the Bab-ash-Sharqi. Other gates built at later stages include Bab-al-Farag or the Gate of Joy, Bab-al-Faradis, Bab-as-Salaama or the Gate of Peace built by the...

Christiania

Christiania

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Gremp'sches Haus

Gremp'sches Haus

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This Renaissance house dates back to 1582, when it was the home of the Gremp von Freudenstein noble family. A country house was also added to the park in 1829. Be sure to visit this landmark for a get a feel for Frankfurt’s history. Address: Gremp House    Grempstraße 36    Bockenheim    Frankfurt, HES 60487 Tel: +49 69 2123 8800  ...