Hotels

Foreign Buyers Discouraged By Limited Loans

Many foreign buyers are interested in various hotel properties in Dubai, but discouraged by the limited availability of loans. CB Richard Ellis manager Amine Hamdani said the return on investment in 5 star hotels is much better in Dubai than in Paris.  She said Dubai properties generate about 35% net income for investors compared to 15% for properties in France.

Hamdani explained while more international buyers have expressed interest in Dubai properties few are selling.  Jones Lang LaSalle company said internationally hotel investment may drop up to 58.3% because of the ongoing global financial crisis.  Deloitte & Touche hospitality director Alex Kyriakidis said the main problem now is lack of financing.  Alex Kyriakidis said “There are owners who want to realize value or attract partners and there are interested buyers in the Dubai hospitality industry, but the problem which will continue for at least the next six to nine months is the lack of credit.”
 

More Hotels
Jumeirah Beach Hotel, Dubai, will be closed for renovation in summer 2018
Hilton’s ‘bleisure’ travel option – a new way to work and play
Family friendly hotels most popular for long weekends
Latest Travel News
Jumeirah Beach Hotel, Dubai, will be clo...
Etihad Airways National Day takeover of ...
World’s longest urban zipline launches i...
Featured Sights To See
Tokyo National Museum

Tokyo National Museum

Tokyo, Japan

Tokyo National Museum is a grand museum and is well worth a visit. It showcases the marvelous history and culture of Japan. The pieces on display are stunning, some archaic all allowing visitors to appreciate the richness of Japanese heritage. The museum comprises the Japanese gallery which contains Japanese arts and crafts; Samurai swords and armory, ceramics, Buddhist sculptures, textiles and ca...

Sultan’s Palace

Sultan’s Palace

Muscat, Oman

The Sultan’s Palace is one of the more prominent features in the city, specifically within the Old Muscat region. The blue and gold mushroom pillars are among the more distinctive features of the palace. There are several locations in the nearby area where you can get a good view of the palace, most notably the roundabout on the inland side. The palace is undergoing some rennovations to increase i...

Bell Centre

Bell Centre

Montreal, Canada

Nothing says Canada like hockey, the country’s national sport.  If you are in town during the NHL (National Hockey League) season, which runs from October through April you’d be remiss not to watch a game.  The Montreal Canadiens are one of the league’s six charter members.  It may be difficult to get a ticket, but there’s nothing like the atmosphere and intensity of a playoff hocke...

Roman Exedra

Roman Exedra

Beirut, Lebanon

The Roman city of Beirut met a traumatic end in the sixth century after a series of devastating earthquakes.  As a result, there is little evidence of the city’s glorious Roman period.  What little remains are concentrated Downtown. In front of the Parliament building stand four corniced columns, discovered in 1968.  A strand of five more columns stand to the left of the St. George Maronite ...