According to Asteco Property Management 's second half 2012 Dubai report, rents for one- and two-bed apartment in Discovery Gardens jumped 23 per cent on averge year-on-year. One beds are being leased for Dh45,000 per annum (pa), while two-bed are rented for Dh70,000 pa. Similarly, one- and two-bed units in Downtown Dubai, costing Dh80,000 and Dh125,000 pa, respectively, also saw average rentals rising 23 per cent in 2012 over 2011.
Another day of work on Dubai Canal, another picture worth a thousand words. The project that has everybody in the city excited today adds another...
Much has been made of the aviation industry's growth in the Middle East in the past year. Being the only region to post growth in 2009 of 11.2%, 2010 has seen the trend continue, with an increase of 19.4% over the first seven months of the year according to International Air Transport Association (IATA). Such growth, partly due to the region's growing significance in the world market, has seen airliners face increasing demands to expand their fleet, with estimates forecasting a 2,340 increase of planes to accommodate the phenomenal growth over the next 2 decades.