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International Monetary Fund (IMF) expected UAE's economic growth to increase to 4.5% in 2015, compared to 4.3% in 2014. The IMF ascribed UAE's potentially strong economic growth in World Economic Outlook Report to the increased contribution of non-petroleum sectors, which registered a growth average of more than 6% in 2014 and 2015.
Tourism is a major economic source of income in Dubai and part of the Dubai government's strategy to maintain the flow of foreign cash into the emirates. [19] The tourism sector contributed in 2017 about $41 billion to the GDP, making up 4.6% of the GDP, and provided some 570,000 jobs, accounting for 4.8% of total employment. [20]
In Australia, short-term rentals have contributed to the rental crisis occurring in 2022, although STRs diminished during the 2019-2022 COVID-19 pandemic. [ 1 ] Neighborhood community groups have voiced concern that these temporary residents do not have a stake in the community and therefore are less likely to be conscientious about how their ...
The Federal Trade Commission announced a final rule banning ticketing and short-term rental companies from including hidden junk fees in their total price on Tuesday.
AirDNA researchers estimate that short-term rentals were responsible for only 1% to 4% of the increase in housing prices in recent years. Putting more STRs back onto the market won’t move the ...
The first reference to car sharing in print identifies the Selbstfahrergenossenschaft car share program in a housing cooperative that began in Zürich in 1948. [2] [3] By the 1960s, as innovators, industrialists, cities, and public authorities studied the possibility of high-technology transportation – mainly computer-based small vehicle systems (almost all of them on separate guideways ...
Capitalization rate (or "cap rate") is a real estate valuation measure used to compare different real estate investments.Although there are many variations, the cap rate is generally calculated as the ratio between the annual rental income produced by a real estate asset to its current market value.
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