Business Blog

Oman government is planning to introduce a national strategy for real estate sector, which is aimed at bringing world standards in construction practices as well as better coordination between basic infrastructure planning and property development.

Muscat: Oman Real Estate Association (ORA) on Sunday called for establishing a national-level body for regulating the real estate market, especially property developers and brokerage firms.

Dubai has ranked best in the world for hotels and shopping, according to survey by popular travel website, TripAdvisor.

Ports Development Company (PDC) and Banque Saudi Fransi (BSF) have signed agreements governing a SAR528 million murabaha bridge financing for the expansion of King Abdullah Port, the first privately developed and operated port in the Kingdom.

Average daily hotel rates in the United Arab Emirates shot up 10.6 per cent to USD283.65 (AED1,041) in April, according to global consulting firm, STR Global.

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