UAE and Uzbekistan Forge Path for Stronger Bilateral Relations

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 In a significant stride toward enhancing international collaboration, H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs of the United Arab Emirates, engaged in a phone conversation with Bakhtiyor Saidov, the Foreign Minister of Uzbekistan. The dialogue underscored the enduring friendship between the two nations and their shared ambition to foster closer ties across diverse sectors. Strengthening UAE-Uzbekistan Relations The conversation reflected the UAE's commitment to deepening its relationship with Uzbekistan, a partnership founded on mutual respect, common goals, and a shared vision for the future. Both diplomats highlighted the importance of exploring avenues for cooperation that would benefit their countries and citizens, focusing particularly on economic, trade, and investment opportunities. Strategic Cooperation for Mutual Growth During the discussion, H.H. Sheikh Abdullah bin Zayed and Bakhtiyor Saidov examined current areas o...
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Alpine Ski Chalet Prices Soar on Middle Eastern Buyer Surge

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Middle east

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.

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.

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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