Hotels

Real estate to recover in MENA this year

May 18 - Real estate recovery will be immense in the MENA markets including Dubai, said a report released by Jones Lang Lasalle. According to details, the hotel investment market in the region is at “tipping point” with the sector moving from being development-led to investment-led this year. "2010 is expected to mark a new beginning for the MENA hotel market...the sector is showing signs of reawakening, which is expected to result in additional transactional activity over the next 12 months," said the report.
Various factors such as increased supply along with the willingness to sell will bring about the creation of more hotel properties this year. For example, in Saudi Arabia, the cities of Makkah and Madinah were "witnessing a strong surge in demand for hospitality projects" while Dubai "has seen increased interest from opportunistic investors attracted by more realistic pricing and the relatively high transparency of the market,” said the report.
 

More Hotels
Emirates Palace Abu Dhabi to celebrate Mexican National Day with Mexican food fiesta
Looking for an adventure - go to Iraq for Eid
* Hotel Metropole Geneva
Latest Travel News
Turkish Airlines launches new cabin crew...
Emirates voted ‘Best Business Airline’ a...
Tourism to contribute SR118 billion to S...
Featured Sights To See
Calles Florida

Calles Florida

Buenos Aires, Argentina

is a must-visit. It is located downtown and is one of the famous pedestrian streets in the city. There are many shops to suit all budgets and this is a good place to practice your Spanish as people are used to tourists. The downside of this though, is that there are plenty of porteños trying to scam you, so be on the lookout for prices that seem exorbitant and “authentic” Argentinian produce. Cal...

What to do with children in tow

What to do with children in tow

Hong Kong, China

As Hong Kong boasts of both the Disney land and Ocean Park, children all over the world will always enjoy a visit. Besides this all tours are child friendly and quite interesting for children. To take a cruise by day or night, dolphin watch tour, just play on the beach, or go for some water sports, the best being on Lantau, is something all kids love to do. The botanical and zoological...

Choirokoitia Settlement

Choirokoitia Settlement

Larnaca, Cyprus

The Ancient Neolithic settlement in Choirokoitia was made an official UNESCO World Cultural Heritage site in 1998. it is known to be one of the best preserved historic sites in the region, and draws a large number of tourists, archeologists, students and scientists every year. Originally discovered in the 1930’s, some of the artifacts and ruins are known to date back to 7000 BC. Visitors can learn...

Prague Castle

Prague Castle

Prague, Czech Republic

You cannot visit Prague without visiting its most famous landmark. Founded in the 9th century by Prince Bořivoj of the Premysl dynasty, the castle grew arbitrarily as subsequent rulers made new additions. All Czech rulers have had their residences at the castle except for the country’s first post-communist president who preferred the comforts of his own home. The castle now stands at almost seven ...