General Travel News

Yacht Owners Look To Recover Their Investment

Cash strapped yacht owners are keeping the second hand boat market busy as they look to recover some of their investment.  Many who bought their yachts during better economic times are now trying to free up cash by selling their boats.  Rashid, who owns a property company in Dubai, purchased a new 50 foot luxury yacht over two years ago for Dh10 million (US$2.72m).  At the time Rashid had the funds to maintain the expensive boat, but now he is willing to let it go for only a third of its original value. 

Michael Derret, a market research consultant specializing in business planning for the maritime leisure industry said “In the short term it’s very tough for the industry.”    Derret explained that marina developments depend on property developments in part, because they increase the property value and create a lifestyle.  When property values increase again, marina projects will also grow.
 

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Featured Sights To See
Pigeon Rocks

Pigeon Rocks

Beirut, Lebanon

The Pigeon Rocks are huge natural formations off the coast of the Corniche andone of the symbols of Beirut.  They stand out like sentinels in the sea. Walking and jogging on this seaside promenade are popular activities. There are a number of restaurants serving local and foreign cuisines and cafés offering a variety of snacks. The shores near Pigeon Rocks have yielded the oldest evidence we ...

Grüneburgpark

Grüneburgpark

Frankfurt, Germany

A 29-hectare park in the Westend of Frankfurt, Grüneburgpark was once the meeting place of great German thinkers like Johann Wolfgang von Goethe and Bettina von Arnim and is now a popular recreation spot for Frankfurters. There’s a lovely botanical garden in one corner and the Palmengarten across the street.  ...

Hoan Kiem Lake

Hoan Kiem Lake

Hanoi, Vietnam

Hoan Kiem Lake is the center of the city both literally and figuratively. The lake is the city's most popular strolling ground and large groups can be seen in the mornings walking or jogging along the lake or taking part in tai chi exercises. In the middle of the lake is Thap Rua, or Tortoise Tower a three-storey pagoda built in the 18th century. Turtles can be seen basking at the temple's base; w...

Bait Obaid al-Shamsi

Bait Obaid al-Shamsi

Sharjah, United Arab Emirates

This place is in a restored creek-side house with lots of artists’ studios set around the courtyard. In the evenings you’ll find the artists working here and you chat chat to them about their work. Also in the area are the Very Special Arts Centre (568 7812) which is a gallery and workshop for disabled artists and the Emirates Fine Arts Society (568 4488) which displays the work of local artists. ...