London has been chosen for the 2012 Olympic Games. Officially known as the Games of the XXX Olympiad, the event will kick start from 27 July to 12 August 2012. London had previously hosted two Olympic Games in the years 1908 and 1948. And it will become the first city to host Olympic Games thrice.

During the 117th IOC Session held in Singapore in July 2005, London was elected as the host city defeating Moscow, New York City, Madrid and Paris. The 2012 Olympic is going to lend a new look of London with many developed areas where the games are to be occurred. The Olympics 2012 will be followed by the London 2012 Paralympics Games, starting from 29 August to 9 September 2012. The Paralympic Games are meant for the physically challenged persons, which includes athletes with mobility disabilities, amputations, blindness, and Cerebral Palsy.

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For those who like to live it up in style, Dubai offers some of the best lifestyle options – excellent golf courses, shopping malls, beaches, luxurious hotels and spas, making it one of the most vivacious cities in the world. This lifestyle makes it all the more desirable to purchase real estate in Dubai. With the lowest crime rate worldwide, practically every real estate in Dubai is a safe place for families to live.

There are many agencies dealing with Dubai real estate. As one of the largest and most experienced service providers for Dubai real estate, Halcon offers both residential and commercial properties in Dubai for rent, sale and lease. It provides an authentic and informative platform for Dubai real estate companies as well as local and global customers to facilitate buying or renting properties in Dubai with ease.

Dubai, which has recently emerged as an important real estate hub, is now setting standards for property development across the world. Noted builders and developers thrive in Dubai by competing with each other in building the best villas and apartments anyone can offer.

Though property development is a usual process in Dubai, it is not very easy to find the ideal property investment as the choice is oceanic. Rigorous analysis and investigations only will lead you to make the best Dubai real estate investment. Property investment is also directly proportional to the finance you can bear.

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Jumeirah Golf Estate, the luxury residential golf community, will witness the completion of its dedicated power substation, infrastructure work and more than 300 villas — all before the end of next year, 'Emirates24|7' can reveal.

Work has already started on the 132KV power substation and is expected to be completed next year, a Nakheel spokesman told this website.

The company also expects completion of 160 villas in Whispering Pines in November 2012, while 99 villas in the Flame Tree Ridge and 47 mansions in Fireside are likely to be finished in December 2012.

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The UAE's market regulator has published new draft rules on short-selling and borrowing, asking investors for feedback, as it looks to boost dwindling trade and attract more foreign investment.

The Securities and Commodities Authority (SCA) posted on its website the draft regulations on short-selling through authorised brokers, security lending and borrowing and other market regulations. Suggestions on the draft can be given until November 17.

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About $140 billion (Dh514.15 billion) worth of engineering and construction contracts have been either awarded by the national oil companies (NOCs) or are planned throughout the Middle East in 2011, according to research conducted by Deloitte, a global consultancy firm.

The research shows that over the next five years, the Middle East will witness strong growth in hydrocarbon production as the world's dependence on fossil fuels continues.

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Deyaar Development made a profit of Dh45 million in the first nine months of 2011 and is poised to deliver two towers by year-end, the company said in a statement to Dubai's bourse yesterday.

The real estate firm was affected by the collapse of Dubai's property sector and posted a net loss of Dh489 million in the corresponding period last year.

Deyaar did not provide separate results for the third quarter but said revenues for the nine months to September 30 rose 54 per cent to Dh665 million from Dh432 million in the year-before period.

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The global demand for oil will continue to grow, reaching more than 109 million barrels per day in 2035, Ali Obaid Al Yabhouni, UAE Governor for the Organisation of Petroleum Exporting Countries (Opec), said Tuesday.

"By 2035, fossil fuels will still comprise more than 80 per cent of global supply. Gas use is expected to grow steadily to 25 per cent, while coal use is expected to remain unchanged at 29 per cent. Oil's share is bound to fall behind coal, from 34 per cent to 28 per cent of the global energy mix," Al Yabhouni said, speaking at an industry conference at the Emirates Centre for Strategic Studies and Research (ECSSR).

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The news that rents are continuing to fall in Abu Dhabi as more property comes online would come as a surprise to few in the capital.

While construction appeared to slow down during the summer, the completion of the flagship project on Sowwah Island, the Abu Dhabi Stock Exchange, the long-awaited Salam Street and the Sorouh's Sun and Sky Towers certainly seems to have got the ball rolling again.

But falling rents are always a double-edged sword. While it bodes well for residents — who for years have had to pay over the odds for sub-standard housing — concerns over a second global economic recession have constrained demand in the third quarter of 2011, causing worry among developers who have projects almost ready to come online.

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Rents in the capital will soon be guided by an index providing information about the true rental value of properties, a senior municipal official said in the capital yesterday.

The index will determine the rental value of a unit based on indicators like location, number of bedrooms and how old it is, Ali Al Hashemi, manager of Tawtheeq at the Municipality of Abu Dhabi City, told Gulf News.

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Education's role as a catalyst in deepening the sense of national identity among the youth was the dominant theme of the second session of the Dubai Partnership Agenda (DPA), a strategic government initiative to facilitate collaboration between the public and private sectors.

Heads of various organisations and public and private stakeholders in the education sector discussed the challenges at hand and the role that education can play in preserving national identity and thus furthering development goals.

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