Dubai Hosts World’s Richest Horse Race

March 31, Dubai, UAE - The Dubai World Cup horse race is set to take place here today at the Nad Al Sheba Racecourse. This is the world’s richest horse race with a purse of US$6 million. Not far behind that are the US$5 million Dubai Duty Free and the US$5 million Dubai Sheema Classic, the wor

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Morgan Stanley report on Dubai property

Building in Dubai is booming. There is a huge amount of new construction going on in the Emirate, part of the United Arab Emirates, or UAE, located along the Persian Gulf. It is estimated the one in three of the world’s cranes are operating in Dubai. The Emirate of Dubai has approximately 1.

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REITs introduced in Dubai property market

Areas of the Dubai property market are set to become more accessible for overseas property investors with the introduction of real estate investment trusts (REITs).The Dubai Financial Services Authority (DFSA) has officially announced that the rules to permit and govern the operation of REITs have b

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Dubai property proves appealing

Professional landlords are increasingly looking to overseas property investments as opportunities in other countries prove more profitable. The Sunday Times has reported that countries such as Dubai, Bulgaria and Canada are proving particularly popular with people hoping to find property abroad. The

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