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.
 

More General Travel News
Agoda partners with Saudi Ministry of Hajj to try to attract 30 million pilgrims
UAE carriers join hands to celebrate the legacy of Sheikh Zayed on 47th National Day
Discover the making of a Royal Bisht - gold embroidered Arab cloak
Latest Travel News
UAE carriers join hands to celebrate the...
New Istanbul airport starts operations...
Discover the making of a Royal Bisht - g...
Featured Sights To See
What to do with Children in Tow

What to do with Children in Tow

Madinah, Saudi Arabia

There are several entertainment areas in and around Madinah that can be attractive for children. These places include King Fahd Park, Al Hamra Park, Al Nakheel Park, Central Park, Taibeh Land Tourism Village, Aliyet Al Medina Souk, Rashed Mega Mall Complex, Al Hassen Mall, Al Bu’aijan Park, Al Gadi Park, Al Hukair Luna Park, Wild Baydha Park, Agool Park, Abu Terboosh Park, Bayt Al Madina Park and ...

Shoes on the Danube

Shoes on the Danube

Budapest, Hungary

A simple yet poignant monument to the Jews shot and thrown into the Danube by the fascist Arrow Cross Party in 1944, you’ll find this monument south of V Kossuth Lajos ter. Sixty pairs of cast iron boots and shoes circa the 1940s are scattered on the river’s bank. Location: V Pesti also rakpart   ...

Sinebrychoffin puisto

Sinebrychoffin puisto

Helsinki, Finland

A lush green park located right next to the center of the city in the Punavuori neighborhood, Sinebrychoffin is crowded with people in the summer months, picnicking and sipping beer under the sun. In the winters, kids treat the park as a sledge ground to spend time in the snow. On the same premises is the Sinebrychoffin Art Museum that houses aesthetic artifacts from the international art arena.  ...

Cementiri del Sud-Oest

Cementiri del Sud-Oest

Barcelona, Spain

This is a cemetery where several famous personalities from Barcelona such as Llua­s Companys, Frencesc Macia , Joan Mia, and Carmen Amaya lie buried.  ...