Armenian President Visits UAE: Strengthening Ties Between Nations

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  In a significant diplomatic move, the President of Armenia has embarked on an official visit to the United Arab Emirates (UAE), aiming to bolster bilateral relations, expand economic cooperation, and foster cultural exchange between the two nations. The high-level visit marks a new chapter in Armenia-UAE relations, showcasing a mutual commitment to deepening political dialogue and exploring opportunities in trade, technology, energy, tourism, and investment. During his visit, the Armenian President held discussions with top Emirati leaders, including His Highness Sheikh Mohamed bin Zayed Al Nahyan, the President of the UAE and Ruler of Abu Dhabi. The leaders discussed regional and international developments, emphasizing the importance of peace, stability, and economic collaboration in the South Caucasus and Middle East regions. Key Highlights of the Visit: Economic Partnerships: Talks included strategies to enhance mutual trade and explore investment in sectors such as infrast...
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Alpine Ski Chalet Prices Soar on Middle Eastern Buyer Surge

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Middle east

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A surge in buyers from the Middle East has contributed significantly to the substantial growth in the average price of Alpine ski chalets, according to the latest findings from Knight Frank's Ski Property Index. The report highlights a notable 4.4% increase in the cost of Alpine homes in the year leading up to June, marking the most robust rate of growth since 2014, excluding the pandemic-affected years.

Also read :Air Arabia Launches First Direct Flight Between Ras Al Khaimah and Moscow

The allure of owning a slice of the picturesque Alps has resonated strongly with Middle Eastern buyers, reshaping the landscape of the Alpine property market. The report underscores the pivotal role played by these investors in driving the overall growth in property prices.

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Additionally, the limited supply of ski chalets has emerged as a key factor propelling the surge in prices. Kate Everett-Allen, Head of Global Residential Research at Knight Frank, notes that the scarcity of available properties has created a competitive market environment. This scarcity, combined with heightened demand, has catapulted the Alpine property sector to new heights.

As the Alpine region continues to attract international attention, the influx of Middle Eastern buyers exemplifies the global nature of real estate trends, transcending borders and reshaping niche markets

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