As some property markets have been experiencing a 'tightening of belts' when it comes to investment in international real estate over the past twelve months, other property markets have been experiencing just the opposite turn of events, as these markets proved profitable and of interest even when the global credit crunch has crushed others. Morocco is one such market and even in 2008, property in Morocco is proving more and more profitable as the say's go by...
Morocco has been named by many property experts as one of the markets that has helped them remain in a strong financial position throughout 2007, whilst other global names are lining up to invest money into property in Morocco in 2008. These facts should give individual investors maximum confidence in Morocco as a location to be considered for investing in property.
A popular property company has recently released data showing how they "achieved a 3.2% year on year rise in profits and Jordanian based property developer Mawared is hoping that it can also use the Moroccan market to increase its profits from 2008 onwards."
In response to this fortuitous time, "Earlier this month the developer signed a massive joint venture with the largest state fund in Morocco to develop projects in the likes of Fez and Tarfya in southern Morocco. The developments combine residential real estate and leisure based commercial properties into mainly tourism and international property buyer focused centres." - Yet another positive turn about for Morocco.
As was mentioned by property experts, "Mawared are not only banking on the fact that Emaar have proved that property in Morocco remains profitable but quite possibly they are banking on the impressive numbers coming out of the Moroccan tourism market as well."
In a statement made by the Tourism Minister, Mohamed Boussaid, recently, the minister advises that "the tourism sector generated in the region of 5.27 billion Euros in 2007." A further indication that there is indeed potential and confidence in Morocco after all.
Were you to ever wonder whether the property market in Morocco was secondary in any way to 'the government, to the economy and to the future successes of the nation', you would be sorely wrong, as was specified by a recent report from MAP (the Maghreb Arabe Presse in Rabat) which is in direct support of this fact, showing just how strong a contributor real estate is to the economy in Morocco.
As is expected by all investors and would-be investors of property in Morocco, Morocco's Vision 2010 blueprint for the nation is set to further encourage and persuade investors that Morocco is the choice of the season, and an excellent investment choice at that!
The plan broken down is as follows: "A very significant and long-term strategic part of this plan is to improve tourism numbers so that they reach an annual sustainable average of 10 million by 2010."
Recently, resorts being developed are set to 'combine hotel accommodation with privately owned accommodation - hence the massive and undeniable correlation between desired tourism growth and the development, promotion and desired success of the property market in Morocco.'
The Moroccan government is so committed to the development of exclusively desirable real estate within these key resorts that it has agreed to plans with Dubai based Emaar Properties to 'develop at 6 destinations across the nation.'
This particular partnership will see to raising the profile of Morocco. The country's commitment to the development of exclusive and truly sumptuous resorts ensures that interest in the Moroccan property market remains intense as it is already 'returning positives for real estate as a contributing sector to the overall economy."
The afore-mentioned report (from Maghreb Arabe Presse) was based upon information supplied by the Housing Minister of Morocco, Ahmed Toufiq Hejira.
This particular report indicates that "since property became such an important part of the nation's agenda for economic diversification and expansion, foreign direct investments into property in Morocco have reached 0.91 billion U.S. dollars - from 245 million dollars back in 2002. What's more, there has been an almost 33% increase in the numbers of jobs in the construction industry in the same period."
It is important for us to point out that through all of these fiscal fundamental changes and upgrades; the Moroccan government has definitely NOT lost sight of the plight of its own people.
Whilst there undeniably and undoubtedly many individuals and groups that are benefitting from the increased underlying affluence of the nation at present, the government in Morocco is currently also implementing the construction of low cost housing whilst providing access to funding for greater numbers of its people to ensure that the divide between the rich and the poor does not become an unbridgeable gulf that only the rich and wealthy can afford to cross.
All in all, one can safely assume that Morocco, as an emerging economy and property sector is doing all it can to promote a healthy, balanced, desirable and lucrative property market and economy as a whole.
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Friday, August 15, 2008
Profiting Property Investement in Morocco
Wednesday, August 6, 2008
The History Behind Hilton Hotel
Hilton Hotels are upscale, full service properties catering to business travel and leisure guests. They are a chain of over 500 hotels all over the world from Rome to Omaha. Hilton Hotels are enjoying a phenomenal growth in online sales. Hilton hotels are the place for you if you want a distinctive hotel. The original company was founded in 1919 by Conrad Hilton.
Conrad Hilton was determined to maximize every square foot of hotel space and serve the hotel guest. Mr. Hilton bought his first hotel in Cisco, Texas in 1919. And, of course there's always Paris. Paris is the great-granddaughter of Conrad Hilton, founder of the Hilton hotels and source of an estimated $300 million family fortune. Paris Hilton is the daughter of one of the sons of Mr. Hilton, a hotel magnate. Conrad Hilton (1887-1979) was born in San Antonio. He was determined that his hotel to be the best in every city and coined the phrase, "take me to the Hilton".
And, of course there's always Paris. Paris is the great-granddaughter of Conrad Hilton, founder of the Hilton hotels and source of an estimated $300 million family fortune. Paris Hilton is the daughter of one of the sons of Mr. Hilton, a hotel magnate. Conrad Hilton (1887-1979).
Hilton hotels are known for featuring world class accommodations in the countries hottest destinations. The hotels are adding MP3-friendly alarm clocks, allowing guests to awaken to their own music. They are internationally known for their Hilton Meetings Business Centres. Hilton Hotels are known for a high level of comfort and prestige. The Port of San Diego and Hilton are planning to develop a 1200-room hotel on the waterfront adjacent to the San Diego Convention Center.
Mr. Hilton bought his first hotel in Cisco, Texas in 1919. And, of course there's always Paris. Paris is the great-granddaughter of Conrad Hilton, founder of the Hilton hotels and source of an estimated $300 million family fortune. Paris Hilton is the daughter of one of the sons of Mr. Hilton, a hotel magnate. Conrad Hilton (1887-1979) was born in San Antonio. He was determined that his hotel to be the best in every city and coined the phrase, "take me to the Hilton".
HHonors program effectiveness has grown from 34% in 2002 to 40% now. The program is designed to thank meeting planners who schedule events at Hilton Hotels worldwide. The program Members can earn both HHonors points and airline miles for the same business rate stay - what we call Double Dipping. MilePoint sponsors, in addition to the Hilton HHonors program, are America West, Continental, Delta, Northwest, TWA, US Airways and Hilton Hotels. The American Express Hilton Hhonors Program Credit card earns points for free stays at Hilton hotels.
Hilton Hotels are internationally known for their Hilton Meetings Business Centers. Business travel has always been a top priority of the chain. Since 1919, Hilton Hotels has led the way with innovations for executives on the road. Maureen Mackey is Managing Director of Sales, Business Travel Sales for Hilton Hotels Corporation.
Hilton hotels are upscale, full service properties catering to business and leisure guests. Hilton hotels are known for featuring world class accommodations in the countries hottest destinations. The prestigious Hilton Malta promises the best in accommodation and a high standard of service for which Hilton hotels are renowned. For business or pleasure the Homewood suites by Hilton hotels are designed with all the comforts of home in mind. The Hotels are the "Official Hotel Group of UK Athletics and the Great Britain and Northern Ireland Athletics Team." Hilton Hotels are now building computer files on customer preferences using a system called OnQ, pronounced "on cue". The Hotels are known across the globe and offer a choice of 2700 quality hotels in the UK, Europe, Asia, America, Africa and Australia. Room 902 in the Amsterdam Hilton became famous when in 1969 Yoko Ono and John Lennon staged their first Bed-In for Peace.
The Corporation is based in Beverly Hills. Hilton hotels are the most recognized name in the global lodging industry and have been in service for more than 80 years. The chain is focused on the needs of business and leisure travelers who desire a full array of quality services.
Copyright © Mary Hanna, All Rights Reserved.
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The 5 star luxury Oasis Beach Tower Apartments
In the last one or two years the Self-Catering apartments have slowly been replacing the more traditional and conservative hotel rooms, among the latest projects there is the luxurious Oasis Beach Tower apartments.
The 5 star luxury Oasis Beach Tower Apartments are Located in Jumeirah with fantastic sea views and complimentary access to the Oasis Beach Club. The 5 star Luxury Apartments give you the ideal starting point to explore the true potential of Dubai or relax and take in the beautiful panoramic views.
Sophisticated, exciting, dynamic, luxurious and welcoming – an endless array of words can be summoned to describe the modern appeal of the Beach accommodation. With its stately exuberance, these Beach Apartments introduce and continuously provide you with an unrivalled quality of life, no matter how long your stay in Dubai.
The sheer size and luxury of not only the five star Beach Apartments, but every single luxury apartment within it, echoes the start of a new era in the art of Dubai living. With direct access to the beach and incredible views over the Arabian Gulf and connection to full hotel services has resulted in a unique and utterly exhilarating product that cannot be benchmarked against any other product in Dubai or the region.
As you enter the Oasis Beach Tower through a small, elegant lobby that opens onto an impressive atrium you are immersed in luxury. This is sectioned on various floors by a vast platform that provides a relaxing setting for quiet reflection or informal meetings. High-speed panoramic lifts that afford spectacular views of the tall atrium and Dubai silently whisk you up to your luxury apartment.
All of these 5 star apartments feature a spacious kitchen that is fully equipped with modern appliances. The living area includes a state-of-the-art LCD TV and data points are provided in all rooms, enabling guests to connect additional TVs, telephones, computers and other IT equipment. High-speed Internet access is also available to all of our apartments.
Naturally, the bedrooms all benefit from an ensuite bathroom. Each apartment also includes maid's quarters with separate bathroom.
To put it simply – The Oasis Beach Tower Apartments are fully equipped and ready to make your trip to Dubai a truly special one, if you are looking for affordable luxury accommodation in Dubai – look no further.
Apart from the Oasis Beach Tower, there are also many other hotel apartments and self catering apartments available in Dubai.
Should you wish to book an apartment on your next Dubai Trip just search for dubai apartments in Google and plenty of results will come up for your search.
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