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
New seaside resort in Qatar
Amaneesa restaurant reopens for the winter at the Ritz-Carlton, Dubai
Family friendly Hotel Banana Island, Doha
Latest Travel News
Emirates launches A380 flights to Tokyo,...
Emirates SkyCargo flying in racehorses f...
Muslim Ban 3.0: restrictions on cabin lu...
Featured Sights To See
Tuol Sleng- Museum of Genocide

Tuol Sleng- Museum of Genocide

Phnom Penh, Cambodia

Toul Sleng Genocide Museum reflects the dreadful history of Cambodia that every tourist needs to know. It was a school that got turned into a prison. 14000 people were the victims of sheer torture in that prison and the same people were ruthlessly killed in the Killing field later on. This museum features art collection, skull pieces and horrifying pictures and paintings from those times in 1975! ...

Al Mushrif Children's Garden

Al Mushrif Children's Garden

Abu Dhabi, United Arab Emirates

If you are looking to provide fun-related activities for your child then there is no better place than the Al Mushrif Children's Garden. Abu Dhabi has roughly 20 small to mid-sized parks and gardens, and Al Mushrif Children's Garden is amongst them. It has several swings, mountaineering frames and slides for the tiny tots. There are numerous parks in Abu Dhabi like Al Nahyan Garden, Capital Garden...

Saint Bartholomew's Cathedral

Saint Bartholomew's Cathedral

Frankfurt, Germany

Saint Bartholomew’s Cathedral is the largest gothic cathedral in Frankfurt at 95 meters tall. First constructed in the 14th and 15th centuries, the cathedral has seen the crowning of the kings of the Holy Roman Empire and of German emperors. In 1867, it was destroyed by a fire and rebuilt, then suffered extensive damages during World War II, but was reconstructed again in the 1950s. Address: ...

“Grigore Antipa” Natural History Museum

“Grigore Antipa” Natural History Museum

Bucharest, Romania

A very interesting addition to the list of museums in Bucharest is the Natural History Museum in the center of the city. This museum has a collection of over 300,000 exhibits and illustrations that trace the evolution of the earth through history. The exhibits are very impressive and you are guaranteed to be lost in the display for hours. Some exhibits also show how species evolved and have adapte...