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.
This gorgeous strip on the harbor is always buzzing and full of energy. The numerous restaurants, shops, and bars have caused it to become a tourist magnet. Yet, this does not imply this harbor is not enjoyable. On the contrary, it offers pleasant walks, tasty (and reasonably priced) dining venues with views to the harbor, and a booming nightlife that ranges from casual to posh. Transport: City...
located at No. 75, 30 Tir St, in the Tajrish Sq Area, this interesting collection is extremely well laid out and displayed. The shop on the ground floor sells a guidebook to the exhibits. The collections are varied and eclectic and the buildings themselves are quite beautiful. It was built in the time of the Qajar Shahs as a private residence and was previously used as an embassy for Egypt. ...
Address: opposite Atashkadeh. A recent addition to the city, this large park adapts the popular Japanese garden concept to the local context to create a soothing, mesmerizing experience for the visitors. Sprawling lawns, water bodies with wooden bridges, dry gardens, and a delightful collection of birds await you as you venture into the Mehr Park. A great place to bring children and familie...
It’s easy to be put off by this square with its drunken stag parties, drug dealers, pickpockets and brash advertising on old buildings. However still take a look as this place is the central area of Czech history, a gathering place for demonstrators and proud Czechs; also check out Wenceslas Statue at the southern end and the Memorial to the Victims of Communism is nearby. Address: Vaclavske name...