Middle East and Africa Vacation
Real Estate News

The Louvre Abu Dhabi Nearing Completion

The Louvre Abu Dhabi Nearing Completion

Master developer of major tourism, cultural and residential destinations in Abu Dhabi, announced today the full installation of the Louvre Abu Dhabi dome structure. Read More »


Middle East, Africa Hotels Post Mixed Results

Middle East, Africa Hotels Post Mixed Results

According to STR Global, the Middle East and Africa region reported mixed performance during August 2014 when reported in U.S. dollars. Read More »

W Residences Coming to Tel Aviv

W Residences Coming to Tel Aviv

In the fall of 2015, The Residences at W Tel Aviv - Jaffa is set to become the centerpiece of an extensive preservation and redevelopment project. Read More »

Dubai Hotels Enjoy Post-Ramadan Uptick

Dubai Hotels Enjoy Post-Ramadan Uptick

Hotels in Dubai performed nearly in sync during Ramadan 2014 compared with Ramadan 2013. Read More »


Global Property Spotlight

Cap Maison Resort - (St. Lucia, West Indies)

Cap Maison Resort - (St. Lucia, West Indies)

On the Caribbean island of St.Lucia, known worldwide for its natural beauty, Cap Maison is in a truly breathtaking location in one of St.Lucia's most desirable areas. Read More »

Last Updated October 21, 2014 3:40 PM ET

Middle East and Africa Vacation News

According to the July 2014 STR Global Construction Pipeline Report, the Middle East-Africa hotel region reported 630 hotels under contract totaling 147,754 rooms.

According to STR Global's preliminary May 2014 data for the Dubai hotel industry, the market enjoyed positive revenue-per-available-room performance.

According to the April 2014 STR Global Construction Pipeline Report, the Middle East/Africa hotel development pipeline comprises 581 hotels totaling 137,799 rooms.

While demand for Dubai's hotel rooms has been increasing in 2014, and positive revenue-per-available-room has grown, new supply has been outpacing it.

Nakheel, one of Dubai's leading developers and a poster child for the debt crisis in 2009, expects to have nine hotel projects under development by 2016. The developer plans four new hotels on Deira Island.

A property developer has started work on a large resort complex, the first big project to start in the man-made archipelago off Dubai's coast. Kleindienst, a Dubai-based international developer, will begin work on the "Heart of Europe" project.

Global airline passenger travel is expected to grow by five percent annually until 2017, with the Middle East and Asia-Pacific leading international passenger growth, according an industry forecast from the International Air Transport Association.

A unit of the state-owned group Dubai World has sold its Atlantis resort to Investment Corp of Dubai, also state-owned, to raise funds for repayments after a $25 billion restructuring plan was created two years ago.

The Middle East/Africa region had the highest average revenue per available room at $120.88 in October.

A South African resort company is pushing the bounds of adventure accommodations --and good taste.

Luxury hotels in Qatar reported increases in occupancy and revenue in the third quarter, despite an increase in supply.

Dubai is planning to give developers of mid-market hotels a financial incentive to build more affordable hotels in the emirate, which is best known for its luxury resorts. New hotel investors will be granted a fee waiver for four years.

The Europe-based luxury hotel group, is planning to expand its portfolio of luxury hotels in Africa.

A joint venture between Capitas Group International and IFA Hotel Investments aims to develop Yotel brand hotels.

An investment arm of the Dubai government is selling its 50 percent stake in the Fontainebleau, the landmark Miami Beach hotel, Reuters reports. The buyer is Turnberry Ltd., the South Florida developer controlled by the Soffer family.

An UAE developer has purchased a 91,000-square-meter land plot on Abu Dhabi's Saadiyat island and plans to build a luxury resort on the site. The complex will include 366 rooms, luxury villas and a conference facility for 800 guests.

Arizona-based Best Western International has opened its first property in the Saudi Arabian holy city of Mecca.

The Ritz-Carlton Hotel Company will open its first property in Israel at the end of 2013.


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