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.
Address: Bandar Seri Begawan The largest and most expensive amusement park in Southeast Asia, Jerudong was built by the sultan and is filled with various rides and food kiosks. An excellent place to visit with family. ...
This monumental tower was established in 1947 and takes after the New York Empire State Building. The building has an observation deck and a museum at the top. The observation deck is a great place to see Sao Paulo from a distance and the energy that it imbibes. Address : Rua João Brícola 24, Centro Tel : 011-3249-7180 Timings : 10am-5pm weekdays only Entry fee : None ...
Rumeli Fortress, also called Rumelihisarı, was built by Ottoman Sultan Mehmet II (aka the Conqueror) for the final siege of Constantinople. Its position on a bend in the Bosphorus, at its narrowest point, meant no ships could get in from or out of the city to the Black Sea. Construction began in April 1452 and lasted four months. Constantinople finally fell in April of the next y...
This is Munich's oldest church, built in 1180. The church also has a tall steeple that you can climb. Timings: Mon-Sat 9.00 -18.00 Sun 10.00 - 19.00 Admission: Church free Tower € 2.50 adults, € 1.50 students, € 0.50 children Tel: 089-2604828 Address: Rindermarkt 1, Near the Rathaus ...