News
Selected News
Dubai property starting to recover from the crisis, according to HC Brokerage
16-03-2010 - The rate status of rentals in Dubai has been starting to recover from financial economic crisis because of the reason that it expanded and gained with almost 6.5 percent on February 2010 compared to last year rate, which was only 6 percent.
Rentals are considered as a reflection of demand or supply dynamics in Dubai. But the truth is all the property firms here in Dubai have been very much affected by the said global crisis. It was almost 50 percent that all involved firms were fallen from the financial market rate in 2008.
HC Brokerage said that rentals in Dubai were helped by other emirates, particularly the Abu Dhabi.
As recovering from the outbreak of global crisis, Dubai still needs the support from any other sectors.
Other News
30-07-2010 -
Due to unceasing reduction of rental rates in Dubai, many investors and residents in the UAE are making property investments, for they know that it is the right time for them to have a profitable investment because of affordable rental rates in the ...More...
30-07-2010 -
An over-supply of properties in Dubai entails a further reduction in rental rates, by which some of the residents from other neighboring emirates are moving into it.
Elaine Jones, Chief Executive of Asteco which is one of the la ...More...
Elaine Jones, Chief Executive of Asteco which is one of the la ...More...
29-07-2010 -
Compensation needs to be paid by developers if ever they fail to complete the projects on time but some of them are not willing to pay for it.
As a matter of fact, compensation only comes when the project is not finished at all at the g ...More...
As a matter of fact, compensation only comes when the project is not finished at all at the g ...More...
29-07-2010 -
Despite of economic crisis, there are still a large number of tourists, investors, and foreign individuals who are planning to have a residence visa, coming into the emirate of Dubai. For this reason, the demand of rental property is so far inc ...More...
29-07-2010 -
The construction of Phase One of Victory Heights with a large number of luxurious villas is near to completion which is scheduled to be delivered at the end of this year 2010.
For six months, the above-mentioned community has already so ...More...
For six months, the above-mentioned community has already so ...More...
29-07-2010 -
As the supply of properties continues to come into Dubai market, it would be a great benefit and advantage for all the tenants living in the emirate, for there was almost 4 to 8 per cent reduction in rent occurred in the market.
According ...More...
According ...More...
29-07-2010 -
Speaking of construction sector in Dubai, it is expectedly to recover gradually by next year, for there are already a lot of projects being awarded and recorded in the market this year 2010.
Based on the study from Dubai Chamber of Commer ...More...
Based on the study from Dubai Chamber of Commer ...More...
28-07-2010 -
The property developer of Dubai World, Nakheel, made an agreement to repay its bank debts after five years and also the outstanding $ 1.85 billion Islamic Loan which will be repaid after seven years as well.
The bankers have been so far gi ...More...
The bankers have been so far gi ...More...
28-07-2010 -
Shiekh Mohamed Bin Rashid Al Maktoum, Prime Minister and Vice-President of United Arab Emirates, said a few days ago that the emirate will continue what it has already started; in a sense that it will pursue all those billions of dollars worth of p ...More...
28-07-2010 -
The i-Rise Tower which is one of the largest office towers in the United Arab Emirates will be completed on November 29, 2010.
This commercial property, a 36-storey office, is a project of Realty Capital and located in TECOM site-C, ...More...
This commercial property, a 36-storey office, is a project of Realty Capital and located in TECOM site-C, ...More...
28-07-2010 -
There is one group of companies in Dubai, that is, Shaikhani Group. It has a plan to transfer its headquarters to another office in the emirate. The group is an international business conglomerate with specific interests in the following such as ...More...
27-07-2010 -
Strata Law was implemented in order to let the homeowners to have an authority to choose which company they want to give them good management services. So the developers need to hand-over the responsibility to Homeowners Association, representing all ...More...
27-07-2010 -
Swiss-Belhotel International signed a new management agreement for the Swiss-Inn Al Khorry which is located in Al Bada nearby the Dubai International Airport, World Trade Center, Iranian Hospital, and Dubai International Convention and Exhibi ...More...
27-07-2010 -
Josef Kleindienst, CEO of the project developer Kleindienst Group, said that there will be having a big party in Monte Carlo Island which is the first and only finished project in the man-made map-shaped Dubai World.
The said party is be ...More...
The said party is be ...More...
After the meeting with the lenders, DW hoping to complete its restructuring process within this year
26-07-2010 -
The Dubai World is hoping to complete and finish its restructuring process with the creditors before this year ends.
On July 22, 2010, it made a presentation to 70 banks at the Atlantis Hotel, Palm Jumeirah, wherein a group of its seven bi ...More...
On July 22, 2010, it made a presentation to 70 banks at the Atlantis Hotel, Palm Jumeirah, wherein a group of its seven bi ...More...
26-07-2010 -
Union Properties, one of the largest property developers, is now about to sell its hotel property, Ritz-Carlton Hotel which is located in Dubai International Financial Centre (DIFC), with the purpose of paying off some of its millions of debts an ...More...
26-07-2010 -
Since the Corp Executive Hotel Apartment Al Barsha was opened, it has already recorded with 86 per cent of occupancy so far.
According to Said Aamir Pervez, General Manager of the Hotel, persuaded that the said property is a good choi ...More...
According to Said Aamir Pervez, General Manager of the Hotel, persuaded that the said property is a good choi ...More...
26-07-2010 -
One of the renowned developers in the UAE, Emaar Properties, the builder of Burj Khalifa, gained almost AED 802 million profit just in the second quarter of this year 2010, immediately after the hand-over of some of the properties to its investors. ...More...
25-07-2010 -
Riffa Views has already completed the hand-over of its 300 villas to Ahmed Al Ghunim. There was a presentation occurred in which Al Ghunim received the keys together with the sculpture by Bahraini Artist Ali Mohammed Al Mahmeed.
Meanwhi ...More...
Meanwhi ...More...
25-07-2010 -
As the rental rates in Dubai have been falling since last year, some experts said that there is a possibility to have a further drop in the market but eventually it will once again emerge if the time comes when the economic status of the emirate be ...More...
25-07-2010 -
There is an agency offering a rental payment for apartments or units by using the credit card of the customers. This exclusive offer is only applicable to all residents of Discovery Gardens at the moment.
The acceptance of the credit ca ...More...
The acceptance of the credit ca ...More...
24-07-2010 -
The Schon Properties, the developer of a controversial Dubai Lagoon Project, made a payment strategy being offered to its investors by swapping the properties to another which are closer to completion.
The company is so far doing its part ...More...
The company is so far doing its part ...More...
24-07-2010 -
The great-granddaughter of the famous late-designer of Gucci brand, Elisabetta Gucci, is being restricted to use the brand name 'Gucci' to her hotel project planned to be opened in Dubai, United Arab Emirates.
The Gucci Company ...More...
The Gucci Company ...More...
24-07-2010 -
The Emaar Properties, a main builder of the tallest building in the world which is the Burj Khalifa, has posted that it has had 122 per cent of growth in line with its net operating profits worth of AED 1.66 billion in the first 6 months of the year, ...More...
22-07-2010 -
Today is the scheduled time for Dubai World to meet the creditors for tackling its restructuring proposal of $14.4 billion of debt. The company doesn't expect that all of them will agree with it.
According to the source, the company ...More...
According to the source, the company ...More...
22-07-2010 -
As the Middle East's largest private property developer, DAMAC Properties became popular and has received an international reputation for constructing and delivering luxury projects in different areas of the emirate of Dubai.
It has a ...More...
It has a ...More...
22-07-2010 -
What make the gradual recovery of Dubai economy are both the lack of sales and some foreclosure auctions due to unceasing and inconsistent drops of the property prices in the market.
Craig Plumb, Head of Middle East Research of Broker Jon ...More...
Craig Plumb, Head of Middle East Research of Broker Jon ...More...
21-07-2010 -
Dubai Villas are the best place to stay and live in spite of its expensive rental rates which are changeable. It is just based according to seasons: Low Season, Mid Season, High Season and Peak Season.
In fact, villas are quite not chea ...More...
In fact, villas are quite not chea ...More...
21-07-2010 -
The Dubai Government has implemented a new Strata Law, designed in order to bring solutions to some negative issues in the property market, and especially to all homeowners, to let them get out of being controlled by developers who have been mostly r ...More...
21-07-2010 -
Hosting the Department of Tourism and Commerce Marketing (DTCM) and Abu Dhabi National Hotels (ADNH) by Sofitel Dubai Jumeirah Beach regarding the official hand-over ceremony of 5-star classification was attended by the following respective individ ...More...
21-07-2010 -
Homeowners Associations are now feeling insolvent because some of the property owners have failed to pay the maintenance or service fees.
In one of Nakheel's projects, The Palm Jumeirah, there are more than 40 per cent of owners have ...More...
In one of Nakheel's projects, The Palm Jumeirah, there are more than 40 per cent of owners have ...More...
21-07-2010 -
According to the ratings agency, Fitch, it stated that the property sector in Dubai will continue to be pressured especially both the investors and developers. They would continually face more reductions in the property prices and rents until the yea ...More...
20-07-2010 -
The Islamic Bond of Dubai World's property unit Nakheel is trading at yields twice as high as in the year 2007, from which all the Persian Real Estate Companies make them hard to borrow to bank lenders because of debt crisis issue in particular. ...More...
20-07-2010 -
According to developer of Victory Heights project, there are more local and foreign individuals looking preferably for the high-end properties which are villas, than apartments. So it is mostly the cause of a constant decrease of property prices in ...More...
20-07-2010 -
Auris Hotel Management has new properties to be opened within this year. It has invested more than AED 850 million in launching those properties located in some areas of the Emirate, Dubai.
The properties being launched are as follows: th ...More...
The properties being launched are as follows: th ...More...
20-07-2010 -
As of now, the Dubai Property market remains stable in both apartments and villas, compared to three months ago.
Based on the Q2 report from Asteco, a property management company, it stated that the rates for residential units in Dubai ...More...
Based on the Q2 report from Asteco, a property management company, it stated that the rates for residential units in Dubai ...More...
19-07-2010 -
There are a lot of concepts concerning the Dubai Real Estate that it is now on the track of recovery, and different opinions either how fast the property market will emerge or how high it will bounce back.
Based on the Real Estate Data ...More...
Based on the Real Estate Data ...More...
19-07-2010 -
In the first place, renting a property in Dubai is an ideal way of investing because of the current status of the property rates in the market.
So far, there is a company named as a Dubai Investments Real Estate Company (DIRC) which is th ...More...
So far, there is a company named as a Dubai Investments Real Estate Company (DIRC) which is th ...More...
19-07-2010 -
There is a leading property agency in the UAE that gives hope to investors who lost their money in their investments because of the global economic downturn, that is, Smith and Ken Company. It made a system concerning the Real Estate Investment that ...More...
18-07-2010 -
The constant reduction of property prices in Dubai particularly is leading individuals or investors to have a real estate investment, for it is the great opportunity for them to invest more properties as long as they have a huge capital to purchase ...More...
18-07-2010 -
Dubai Properties Group, one of the members of Dubai Holding, announced a few weeks ago that its Al Khail Gate Community project has been in demand for some companies in Dubai; for it is offering them with affordable and reasonable rates for the accom ...More...
18-07-2010 -
Real Estate Regulatory Agency (RERA) is so far persuading the region-wide cooperation on regulation to have a conference regarding the importance of real estate sector. It will be supported by the following such as the Middle East North Africa Real E ...More...
18-07-2010 -
By the end of 2010, all the 794 villas of phase one in the residential golfing development which is the Victory Heights will be completed and delivered to the owners.
There were more than 70 per cent of the sold villas that were already ...More...
There were more than 70 per cent of the sold villas that were already ...More...
18-07-2010 -
Some experts are not optimistically agreeable but rather cautious regarding to Nakheel-Limitless operational merger which is aligning resources of the company and putting a great attention to all projects that are not yet completed so far.
...More...
...More...
17-07-2010 -
As a matter of fact, Dubai has been the center of business investments and still the preferable destination of tourists in spite of the current situation of the market in the UAE. They are being advised to choose either to rent a villa / apartment or ...More...
17-07-2010 -
A lot of developers are currently giving up their properties just for the sake that they can pay their debts. They used a property to pay debts instead of cash. It has just been happening because of the so-called 'world economic crisis'.
...More...
...More...
17-07-2010 -
It is the success of the property unit Nakheel that really gave relief to those stakeholders, and especially when its parent property developer Dubai World has been continuing to focus on its objective to make the emirate of Dubai as the center o ...More...
15-07-2010 -
The property unit of Dubai World, Nakheel, has been in talks with creditors to restructure its $10.5 billion of debt in the bank. According to the spokesperson of the company, this is just about the agreement of the payment terms to make them extende ...More...
Dubai is still the preferred destination for migration of those residents from Sharjah and Abu Dhabi
14-07-2010 -
In terms of rents declining, the emirate of Dubai has been so far the preferred destination of those residents from both Sharjah and Abu Dhabi. Most of them are transferring to Dubai instead.
Based on the survey from YouGov Siraj Omnibus ...More...
Based on the survey from YouGov Siraj Omnibus ...More...
14-07-2010 -
According to Marwan bin Ghalita, CEO of Real Estate Regulatory Agency (RERA), said that the government of Dubai is going to encourage developers except those with projects supported by the so-called 'Tayseer' program that has an objective t ...More...
14-07-2010 -
According to the top executive of Rotana, that launched a new property of over 300 rooms just a few days ago, it is about to announce that there are 4 more properties to be opened before this year ends.
According to Omer Z. Kaddouri, ...More...
According to Omer Z. Kaddouri, ...More...
14-07-2010 -
According to two bankers, the property unit of Dubai World, Nakheel, is planning to offer its lenders an interest of 4 per cent.
Nakheel's plan to offer a new interest rate on its loans in dollars and dirhams will be tackled tomorrow, ...More...
Nakheel's plan to offer a new interest rate on its loans in dollars and dirhams will be tackled tomorrow, ...More...
14-07-2010 -
Emaar Properties let almost 15 residents of Al Jaz in the Greens to be known to the public that they are failing to pay the service fees on time.
What the notice says is: "We wish to remind the following owners who have the Community Serv ...More...
What the notice says is: "We wish to remind the following owners who have the Community Serv ...More...
14-07-2010 -
Within this week, the supplier Tiger Steel will be awarded by the main contractor of Elite Residence project in Dubai, Arabian Company. It was chosen because of its proven track and competitive edge.
Actually, there are three steel supp ...More...
Actually, there are three steel supp ...More...
13-07-2010 -
Due to slowdown of economy in Dubai, according to the findings of a YouGov Siraj, most of the UAE residents have preferably chose to transfer from one place to another in which they chose to live and look for the larger rental properties because of t ...More...
13-07-2010 -
Among the projects in the UAE, Dubai Marina was on the top number one, based on the latest survey thru the real estate website. It is the most preferable choice from which the investors want to buy and rent a property. The survey was done during the ...More...
13-07-2010 -
On July 22, there will be a meeting between Dubai World and its bank lenders. They will just tackle about the controversial restructuring proposal.
Among the 80 creditors, there were only three sources saying that they have been invited ...More...
Among the 80 creditors, there were only three sources saying that they have been invited ...More...
13-07-2010 -
Al Khail Gate Community will be soon launched by Dubai Properties Group which is the real estate arm of Dubai Holding owned by Sheikh Mohammed bin Rashid Al Maktoum & Vice-President and Ruler of Dubai.
This community will be a good ...More...
This community will be a good ...More...
13-07-2010 -
Dubai World, which is owned by the Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, was planning to have a meeting with its creditor banks on July 22. It will just regard to its restructuring proposal to renegotiate the payment terms of $23.5 b ...More...
13-07-2010 -
There is one leading property agency in the UAE that launched a unique Real Estate Recovery Scheme. It is the Smith and Ken Agency itself. Its objective is to help investors to move on from losing their wealth and life's savings on off-plan prope ...More...
13-07-2010 -
As the property owners mostly cannot pay the required service fees on time. So the new law which is the Strata Law itself came in order to resolve the issue for the said fees.
and Fraemm/The obligations of the above-mentioned law ...More...
and Fraemm/The obligations of the above-mentioned law ...More...
12-07-2010 -
Most of the analysts said that there is a wide range of forecasts regarding to developers' provision against defaults.
According to Chet Riley, a property analyst of the Japanese firm Nomura Securities, she said that property devel ...More...
According to Chet Riley, a property analyst of the Japanese firm Nomura Securities, she said that property devel ...More...
12-07-2010 -
Rotana Company, one of the leading hotel management companies in the Middle East and North Africa (MENA) region, launched the opening of Centro Barsha Hotel property in Dubai. It is actually located nearby the districts of Media City and Internet Cit ...More...
12-07-2010 -
According to analysts, as the controversial issue of Dubai World is mostly resolved at the moment, it would be expected that all the construction companies are expected to have higher earnings in the second quarter of this year.
Supposedl ...More...
Supposedl ...More...
12-07-2010 -
Dubai Limitless, property unit of state-owned conglomerate Dubai World, sold its stake to a Malaysian Property Developer, Bandar Raya Developments.
Moreover, Bandar Raya's subsidiary Ardent Heights has reached to the point that it wan ...More...
Moreover, Bandar Raya's subsidiary Ardent Heights has reached to the point that it wan ...More...
12-07-2010 -
There will be having a lot of hotel brands from Spain to Singapore to launch operations in the Middle East.
For instance, five-star Melia Dubai Hotel in Bur Dubai will be opened by the Spanish Hotel Group Sol Melia in the first month of t ...More...
For instance, five-star Melia Dubai Hotel in Bur Dubai will be opened by the Spanish Hotel Group Sol Melia in the first month of t ...More...
11-07-2010 -
The market of Dubai Property developed itself with ups and downs until the time when the phenomenon called as a 'global economic crisis' came. Regardless of this fact, Dubai properties are being considered as the land of opportunities for bot ...More...
11-07-2010 -
The Government of Dubai is planning to provide the proposed green buildings but should have the so-called 'green building code' with incentives. It will be anticipated to be announced after two months from now.
According to Essa A ...More...
According to Essa A ...More...
11-07-2010 -
According to the latest report from property consultants, Cluttons, it said that the slowdown of property prices in Dubai becomes an opportunity for investors or buyers to have an investment from the property; for it will result an increasing deman ...More...
11-07-2010 -
As new supplies continue to be released until next year, office vacancy rates in Dubai are being expected to increase 50 per cent, by which the commercial real estate market will not probably recover in the short term.
Based on the report ...More...
Based on the report ...More...
10-07-2010 -
A considered-biggest developer in UAE, Arabtec, is about to receive its first ever major cash payment, 40 per cent, from the property unit of Dubai World, Nakheel. The payment is being planned to restart the projects such as the construction of 1,500 ...More...
10-07-2010 -
Speculation regarding the introduction of the Strata Law which is to remove the legal ambiguity with respect to jointly-owned property that presently exists for both homeowners and developers has been for years.
Directions were issued by L ...More...
Directions were issued by L ...More...
10-07-2010 -
In 2008, it was the year when Real Estate Industry became booming in the emirate of Dubai. It was considered as one of the leading and largest property business sectors in the world. Indeed, each real estate establishment has an agent who is skilled ...More...
09-07-2010 -
The Dubai Holding Commercial Operations Group (GHCOG) which is the real estate and hospitality arm of conglomerate Dubai Holding owned by Sheikh Mohammed bin Rashid Al Maktoum was allowed to extend the payment for its $555 million loan in credit faci ...More...
08-07-2010 -
The top ranked value department store of United Kingdom, Matalan, was officially launched by Laurence Llewelyn-Bowen, the celebrity of UK interior designer. It was held at the Lamcy Plaza, Dubai.
Actually, the above-mentioned store was on ...More...
Actually, the above-mentioned store was on ...More...
08-07-2010 -
As a part of Dubai Holding, the Dubai Properties Group is about to hold an auction for lease some of its plots at Jumeirah Beach Residence Community, its three beach club plots, because of the negative effect of global economic downturn that almost ...More...
08-07-2010 -
There are about 75 per cent of the respondents to Landmark Advisory's "green building survey" looking to relocate a new office in the proposed green building, for they believed that their utility bills will lower. But 55 per cent of them just con ...More...
07-07-2010 -
So far, the Municipality of Dubai is implementing a new plan regarding the monthly payment of the housing fee for all tenants in 17,000 residential units in Dubai; and thus, it is in order to have a uniform and systematic process of collecting the ...More...
07-07-2010 -
The board member of a renowned Union Properties, Mohammed Omar Bin Haidar, resigned a few days ago, and the company consequently accepted his resignation. Actually, it is considered as the second high-level resignation for the developer this year i ...More...
07-07-2010 -
Based on the report, it said that the absence of the so-called 'sinking funds' and very high maintenance charges in some properties in Dubai will make investors running out of money and let them think twice before purchasing a property.
...More...
...More...
07-07-2010 -
The management of Somerset Residences in Jadaf was taken over by Wafi Group and concurrently renamed the property as a Park Hotel Apartments, located just adjacent to the Arabian Park Hotel which is also owned by the above-mentioned group.
...More...
...More...
06-07-2010 -
The Ritz-Carlton Dubai is about to plan for having a major expansion project that will increase the total number of guest rooms and concurrently will add several restaurants as well. The project will be started in the month of October of this ...More...
06-07-2010 -
According to the Chairman of Union Properties, Khalid bin Kalban, he said that the company is expectantly going to sell its one of the properties, Ritz Carlton Hotel, which the company has put it on the market for almost AED 1.6 billion, in the Gulf ...More...
06-07-2010 -
The tallest tower in the world, Burj Khalifa, which is one of the prestigious attractions for foreigners or tourist, and also is located on the famous Sheikh Zayed Road in Dubai, is so far offering rental units for everybody who can exclusively affor ...More...
06-07-2010 -
According to one of the top officials of property unit of Dubai World, Nakheel, he said that it will be possibly reaching an agreement with its lenders next week.
Furthermore, Nakheel is going to complete its 40 per cent cash payment to i ...More...
Furthermore, Nakheel is going to complete its 40 per cent cash payment to i ...More...
06-07-2010 -
The market for Dubai Properties has been developed with ups and downs situations that have occurred since the peak in 2008. Dubai has been considered as the land of opportunities from which all foreign investors gained millions of dirham and became ...More...
06-07-2010 -
The Real Estate Specialist, Cluttons Middle East, has enjoyed its dedication on making reports concerning properties in the Middle East since 1976. So far regarding its latest report for the second quarter of this year 2010, it is believed that the c ...More...
06-07-2010 -
Ms. Ulrike Androff was newly appointed as the Hotel Manager of one of the renowned hotels in Dubai, One to One Hotels and Resorts. She has had almost 26 years of experiences in the service and hospitality industry.
Actually, she is ...More...
Actually, she is ...More...
06-07-2010 -
There is a possibility for Dubai property owners to be affected by huge maintenance charges if they are not preparing for sinking funds before purchasing a property.
Based on the new Jointly Owned Property Law regulations, it is stating t ...More...
Based on the new Jointly Owned Property Law regulations, it is stating t ...More...
05-07-2010 -
A few days ago, the chiller connection in some apartments of Tiara Residence which is one of the luxury developments on the prestigious Palm Jumeirah has been discontinued.
According to Zabeel Properties, the main developer of the project ...More...
According to Zabeel Properties, the main developer of the project ...More...
05-07-2010 -
According to an expert, handovers of properties are expected to lead Emaar Properties on the top, which is one of the famous developers throughout the UAE, while, in comparison, the weak status of land sales and deliveries of properties in Abu Dhabi ...More...
05-07-2010 -
Dubai Marina in UAE has been one of the favorite destinations of foreigners or tourists to live in. But so far the property owners have been bothered by the service and cooling charges that make their investments weak.
Actually, high serv ...More...
Actually, high serv ...More...
05-07-2010 -
According to the property management arm of a leading real estate developer, it said that the owners of properties in the freehold areas of Dubai will be charged for maintenance which should be known before the purchasing of the property.
...More...
...More...
05-07-2010 -
Kleindiendst Group by which the first ever villas to be constructed in the Dubai World project has already started its construction on one of the man-made islands, named as a Germany Island.
In the first place, the Dubai-based developer Ci ...More...
In the first place, the Dubai-based developer Ci ...More...
04-07-2010 -
Omniyat Property Services (OPS), one of the region's most innovative property developers, has been assuring its owners and tenants with unique leasing solutions which are offering functions that enable the foreign or local investors to best lea ...More...
04-07-2010 -
The Real Estate Regulatory Agency in Dubai has been doing its rights to restrict and eliminate the activities of freelance brokers or agents and has said that their activities are considered 'illegal'.
According to RERA, it said th ...More...
According to RERA, it said th ...More...
04-07-2010 -
So far, the Dubai World which is the conglomerate that has been restructuring its $23.5 billion of debt is continually handing over its responsibility for the developer Limitless to property unit Nakheel itself. Concurrently, it has also appointed a ...More...
04-07-2010 -
The property unit of Dubai World, Nakheel, has been given with responsibilities of Dubai Limitless with a goal to attain the best results for both the developers.
According to the Dubai Media Office, it said that the Higher Committee will ...More...
According to the Dubai Media Office, it said that the Higher Committee will ...More...
04-07-2010 -
The Tasweek Real Estate Development and Marketing which is both the advisor and solutions provider that serves the real estate markets throughout the Middle East, announced that it is ready to serve Abu Dhabi and Dubai inline of property manage ...More...
04-07-2010 -
Sarmad Zok, CEO of Dubai-based Kingdom Hotel Investments (KHI), was appointed by the Kingdom Holding Company (KHC) and was presented to the company's board of directors and investment committee as well.
Zok is presuming his new respons ...More...
Zok is presuming his new respons ...More...
03-07-2010 -
The National Bonds Corporation was announcing the launch of its new Customer Service Centre in the Skycourts which is one of its projects in the UAE.
The company said that the said service will function as an instrument to contact for all ...More...
The company said that the said service will function as an instrument to contact for all ...More...
03-07-2010 -
According to the Ministry of Economy, short-term borrowing is so far more risky than the long-term one in the nature of real estate investment, especially in the current status of the economy in the world, being affected by the so-called ‘g ...More...
03-07-2010 -
The property unit of Dubai World, Nakheel, has started its payment as a second phase to those involved creditors.
The main developer of the prestigious palm-shaped islands, Dubai World Company, said that it will be going to pay its trade ...More...
The main developer of the prestigious palm-shaped islands, Dubai World Company, said that it will be going to pay its trade ...More...
02-07-2010 -
The Dubai Pearl has been once again back on the track of construction with fresh ideas after its unceasing delays since the crash of global economy in 2008.
According to Santhosh Joseph, President and CEO of Dubai Pearl, he said that th ...More...
According to Santhosh Joseph, President and CEO of Dubai Pearl, he said that th ...More...
02-07-2010 -
According to Jones Lang LaSalle, it said that the average daily rates for beach hotels in Dubai were twice compared to City centre properties during the second quarter of this year 2010.
Based on the new report from the property consultan ...More...
Based on the new report from the property consultan ...More...
01-07-2010 -
Due to a downturn status of property market, there are a lot of investors trying to take advantage to purchase now some properties with the intention to sell them eventually when the property prices increase. It is just in order for them to have a ...More...
01-07-2010 -
As the summer break is going on, it brings about the growing concern in relation to the issue of property management, for instance, the extended period of absence creates an increasing need for the services and facilities to provide the needs of bo ...More...
01-07-2010 -
The Company of Al Tamimi will be going to host a briefing regarding the implementation of the new Jointly Owned Property Law regulations in Dubai, United Arab Emirates.
The company will provide the general overview and guidelines of the n ...More...
The company will provide the general overview and guidelines of the n ...More...
01-07-2010 -
Yesterday, the Dubai Land Department was introducing the so-called ' Tayseer ' which is to make a real estate funding for the selected developments in the emirate. It has just been designed in order to fund those shorted developments to be ...More...
01-07-2010 -
One of the famous real estate agencies in Dubai, Better Homes, announced that in the first quarter itself, the agency witnessed the growth in its residential sales transactions with almost 40 per cent in May 2010 which is higher than the volumes sinc ...More...
01-07-2010 -
Deyaar, the second-largest developer by market value in the Gulf, said that its board agreed to return the management of Skycourts which is a residential development in Dubailand and a multi-billion dollar theme project throughout the Gulf emirate, t ...More...
30-06-2010 -
As Chairman Ali Lootah said that the property developer Nakheel has already started its payment to creditors the first tranche of cash, but it will take almost two weeks of processing until all those creditors are fully paid.
Nakheel wi ...More...
Nakheel wi ...More...
30-06-2010 -
Elisabetta Gucci, the daughter of the famous designer Paolo Gucci, is still planning to continue her first hotel in Dubai to be opened within this year in spite of the legal action against her by the Fashion House Company.
The above-men ...More...
The above-men ...More...
30-06-2010 -
According to the top executive of Rotana, he said that the group is planning to open four more properties just before the end of this year 2010.
Omer Kaddouri, Chief Operating Office of Rotana Group, said that every year the group should ...More...
Omer Kaddouri, Chief Operating Office of Rotana Group, said that every year the group should ...More...
30-06-2010 -
The Rotana Group has just opened its first ever hotel property in Dubai, which is located at the Jumeirah Beach Residence.
The hotel offers almost 301 rooms, from which the visitors can see the sea views. They were built in a modern con ...More...
The hotel offers almost 301 rooms, from which the visitors can see the sea views. They were built in a modern con ...More...
29-06-2010 -
For three to four months, there will be having a bidding for the MEP and other finishing works contracts on the Dubai Lagoon Project which is located in a popular Dubai Marina.
The main developer of the said project, Schon Properties, w ...More...
The main developer of the said project, Schon Properties, w ...More...
29-06-2010 -
Yesterday, the construction of the first villas in Dubai World was announced by the Property Group itself, Kleindienst. The villas will be built on one of the islands named as a Germany Island.
So far the compaction in the construction sit ...More...
So far the compaction in the construction sit ...More...
29-06-2010 -
According to Jones Lang LaSalle, with 20 million square feet for office space which is being expected to be released this year, there is only 25 per cent is completed yet.
The above-mentioned million square feet of office space is located ...More...
The above-mentioned million square feet of office space is located ...More...
29-06-2010 -
Meydan Company announced its signing for the so-called ' Letter of Understanding ' (LOU) with Jumeirah Group for managing its five-star hotel named as The Meydan. The said group would be its service provider to assist its first guests in the ...More...
29-06-2010 -
Based on the report from Jones Lang LaSalle, it said that there seems no recovery shown for residential price before the year 2011 except in terms of vacancy rates in commercial property, for there will be having more than 50 per cent increase next y ...More...
28-06-2010 -
There is an engineering company which is the head of the Gulf's largest construction affirming about the oversupply in the Dubai property market that will continue until four to five years from now.
So far, the real estate market stil ...More...
So far, the real estate market stil ...More...
28-06-2010 -
The 40 per cent tranche of money owned by the property developer Nakheeel to the Giant Contruction Company, Arabtec, will be paid in the next two weeks.
According to Riad Kamal, the CEO of Arabtec, he said that he called the C ...More...
The 40 per cent tranche of money owned by the property developer Nakheeel to the Giant Contruction Company, Arabtec, will be paid in the next two weeks.
According to Riad Kamal, the CEO of Arabtec, he said that he called the C ...More...
28-06-2010 -
Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister and Dubai Ruler of the UAE, said that the recession is just a global phenomenon. He doesn't think that the emirate of Dubai is in fear, but rather considers it as a challeng ...More...
28-06-2010 -
According to Leo Sterling, a property portfolio manager, he said that the property market is still attractive and competitive because of the following such as its well-established business, and home living amenities, and more.
As the cont ...More...
As the cont ...More...
28-06-2010 -
There is a new legal principle being implemented by the Dubai Court of Cassation. It is regarding the registration of any properties purchased in Dubai that need to be registered first with the Land Department in order for it to be a legal transactio ...More...
26-06-2010 -
So far, the biggest contractor in line of construction throughout the UAE, Arabtec, has already received its payment from the property unit of Dubai World, Nakheel.
Moreover, some of its trade creditors such as the KEO International and ...More...
Moreover, some of its trade creditors such as the KEO International and ...More...
26-06-2010 -
The head of one of the Middle East's biggest contractors said that the Dubai developers have been improving its payment for overdue invoices to their contractors as compared to last year's situation.
According to Khaldoun Tabari ...More...
According to Khaldoun Tabari ...More...
Elisabeth Gucci, granddaughter of the famous designer, Paulo Gucci, trying to open an hotel in Dubai
26-06-2010 -
According to Lorens Ziller, the managing director of her EG Hotels company, she said that the granddaughter of the famous designer of Italian brand's trademark, Paulo Gucci, is planning to open an 87-suite property in Dubai's Media World dist ...More...
24-06-2010 -
According to the report, rental villas in Dubai are more preferable than residential apartments for tourists so far, for most of them are spending their short vacation on luxurious villas in which the rental prices are at the very low rates. It is be ...More...
24-06-2010 -
Based on the report, the Dubai Lagoon Project, being developed by Schon Properties, a leading regional property developer, has been on the progress of construction. The company announced its commitment to deliver the project's phases on the com ...More...
23-06-2010 -
According to the periodic Harbor Report, it expected that there would be having less than 50, 000 residential units to be delivered onto Dubai property market after two years from now, but so far it says that the quantity is getting down based on the ...More...
23-06-2010 -
Being a rental specialist with more than 15 years of experience in the real estate business, the Move in Dubai is a company that provides all kinds of rental properties throughout the Emirate of Dubai. So now it is offering a hot deal of a short term ...More...
23-06-2010 -
According to the latest Annual World Wealth Report released by Merill Lynch Wealth Management in Dubai, it stated that still the real estate sector is that which gives a high quantity of wealth in the Middle East in spite of the downturn of property ...More...
22-06-2010 -
Ever since the peak of Dubai in 2008, it has been one of the top ranks in terms of property market because of its tourism asset and being a right place for investments, though it has been still facing the challenge of global economic downturn; but gr ...More...
22-06-2010 -
Based on the report, the company of Irex Group of Canada announced its plan to launch a specialized real estate exchange for the region. It is seeking an approval to open its Dubai-based branch for the Middle East and North Africa (MENA) region that ...More...
22-06-2010 -
With regards to lease rates in Dubai property, there has been a huge drop that happens this month of June, compared to lease rates last month of April 2010.
According to Dubai lease guide from Landmark Advisory, it stated that both the qua ...More...
According to Dubai lease guide from Landmark Advisory, it stated that both the qua ...More...
22-06-2010 -
According to Mohamad Alwadiya, Managing Director of Harbor Real Estate, the rental status of villas so far is in-demand but the price will be probably getting lower soon or later as well because of continuous supply of villas. As based on the e ...More...
21-06-2010 -
Regarding to Facilities Management Middle East, some consultants suggested that the new property law regulations, the so-called the Strata Law which was released last June 5, are so confidential.
According to Mick Dalton, Independent Consu ...More...
According to Mick Dalton, Independent Consu ...More...
21-06-2010 -
According to some involved real estate broker firms, they requested that the real estate training programs by the Real Estate Regulatory Agency (RERA) need to be more comprehensive in light of its being expensive, and suggested RERA to make the cours ...More...
20-06-2010 -
The advisor and solutions provider who has been serving the Middle East real estate markets announced that the initiated property management services in Abu Dhabi and even in Dubai by signing its property contract started to handle a few buildings bo ...More...
20-06-2010 -
According to the latest Knight Frank Global House Price Index, it stated that there has been a sign of recovery for real estate sector after the huge fall of property prices during the first impact of global financial downturn. It almost tumbled to m ...More...
Tenants in Dubai are presently looking for the good property with an agreeable and lower rental rate
20-06-2010 -
Based on the report for the month of June from Landmark Advisory, a leading real estate consultancy in the Middle East, lease rates have been continually turning down because of over-supply of properties which are so far turning to almost 100,000 uni ...More...
19-06-2010 -
There is a new deal that enables Emaar Properties to focus on its strategic markets, which is by developing the integrated lifestyle communities in its primary markets in the Middle East and North Africa region (MENA). It is an agreement with the C ...More...
17-06-2010 -
Based on the report from Moody's Investment Service, it asked the investors to be preferably optimistic about Dubai and reap out of the lower property costs in the city as it still is one of the most preferred investment choices of investors. < ...More...
17-06-2010 -
Fraser Suites expanded its properties globally. It almost reached Dubai where it is the first property the company has throughout the UAE. It is actually located on the Sheikh Zayed Road in Dubai and occupies the 23 floor of the Sidra Tower which i ...More...
15-06-2010 -
Dubai homeowners of properties need to know the concept of ' units of entitlement ' with the announcement of Jointly Owned Property Declaration.
There is a key factor of calculation of service fees. The entitlement will dep ...More...
There is a key factor of calculation of service fees. The entitlement will dep ...More...
15-06-2010 -
The tenants of Discovery Gardens owned by Nakheel property have been demanded to pay off the cost of using the chillers, according to the report; for there has been a constant increasing of rental rates. For instance, one of the residents rented a on ...More...
14-06-2010 -
Creating properties in one community such as villas, towers, and shopping malls should always be made prior to reality with a strategy that could contribute to the economy of one nation.
But when the global financial downturn pummeled the ...More...
But when the global financial downturn pummeled the ...More...
14-06-2010 -
In the third quarter of this current year, the developer of Dubai Pearl project located at Dubai Marina area and opposite the prestigious palm-shaped islands, Palm Jumeirah, will be awarding subcontracts to MEP.
Actually, Pearl Dubai is a ...More...
Actually, Pearl Dubai is a ...More...
14-06-2010 -
Based on the statement from the developer itself of Dubai Pearl, there are almost 2,000 tonnes of equipments used on the construction site in Dubai Marina.
Santhosh Joseph, CEO of the company, said that the MEPAluminum and glazing tender ...More...
Santhosh Joseph, CEO of the company, said that the MEPAluminum and glazing tender ...More...
13-06-2010 -
Union Properties, the third largest developer, has been truly affected by the global fiscal crisis, but going back to basics might be its formula for success, according to the Chairman of the company.
So far, the company is also plann ...More...
So far, the company is also plann ...More...
13-06-2010 -
There have been more than 70 per cent of people who owned apartments in the prestigious tallest tower in the world, Burj Khalifa, as mentioned by some real estate agents in Dubai. They are actually not willing to sell the property they purchased but ...More...
10-06-2010 -
The world's tallest tower in the world, Burj Khalifa, has luxurious apartments by which some real estate agents in Dubai have been lured to decrease the rents because of the current status of property market in the UAE.
Actually, the ...More...
Actually, the ...More...
10-06-2010 -
The latest news about the property is that both the developers in Mumbai and Dubai have been in the concept of building the world's tallest residential tower.
As a matter of fact, the Lodha Developers Ltd. has been constructing its 442 ...More...
As a matter of fact, the Lodha Developers Ltd. has been constructing its 442 ...More...
10-06-2010 -
Two years ago, what every investor heard was all about negative impacts of the global economic crisis. But, surprisingly, the status of the economy so far has been already on the track of recovery in a gradual process. So, according to Tony Hayne ...More...
09-06-2010 -
Sol Melia would become the first Spanish hotel operator in the Middle East Market if its plan to build a property in Dubai happens next year. It is also a five-star hotel which will be operated under the management agreement in Al Raffa, Bur Dubai. < ...More...
09-06-2010 -
Based on the real estate agents and rental ads, the rental prices per annum in the world's tallest building, Burj Khalifa, are very expensive. Actually, the prices range between AED 180,000 to AED 260,000 for one-bedroom and AED 300,000 for two-b ...More...
09-06-2010 -
Based on the real estate agents and rental ads, the rental prices per annum in the world's tallest building, Burj Khalifa, are very expensive. Actually, the prices range between AED 180,000 to 260,000 for one-bedroom and AED 300,000 for two ...More...
08-06-2010 -
The Elite Residence Tower owned by Tameer Holding Investment, which is worth a massive of AED 1.7 billion, will stand at 380 meters; and it can accommodate up to 1,500 residents in one of Dubai's most sought-after districts. The construction ha ...More...
08-06-2010 -
A group of Irish Investors will be met by an Indian Company in Dublin for the sake of having a deal in order to rescue some of the projects in Dubai Sports City development.
In fact, there are almost 1,000 Irish investors who bought prope ...More...
In fact, there are almost 1,000 Irish investors who bought prope ...More...
08-06-2010 -
According to the property analysts, they said that this year is the right time and opportunity for all investors to buy a property in Dubai, for the property prices are so far getting lower. They can purchase and negotiate with the sellers at a lower ...More...
08-06-2010 -
According to V. Shankar, Chief Executive Officer of Standard Chartered for Europe, Middle East, Africa and Americas, he said that the initial signs of interest are emerging among Asian Investors to invest in Dubai's real estate wherein the prop ...More...
08-06-2010 -
According to the latest industry report, there will be having an excess of 115,000 of unoccupied residential units in Dubai by the end of the year 2012.
So the Dubai State of the Market Report suggested that there are as many as 500, 00 ...More...
So the Dubai State of the Market Report suggested that there are as many as 500, 00 ...More...
07-06-2010 -
The Dubai World property unit Nakheel said that its agreement with the trade creditors would let it begin to pay its unpaid bills.
A month ago, Nakheel said that almost half of its creditors already agreed to its repayment deal. Prov ...More...
A month ago, Nakheel said that almost half of its creditors already agreed to its repayment deal. Prov ...More...
07-06-2010 -
According to the experts, service charges at Burj Khalifa will start at AED 52.77 per sq. ft for residential and will increase to AED 78.63 per sq. ft. for Armani Residences.
Emaar Properties confirmed that the amount AED 52.77 per square ...More...
Emaar Properties confirmed that the amount AED 52.77 per square ...More...
07-06-2010 -
One of the prestigious brand designers, Elisabeth Gucci, a daughter of the late fashion designer Paolo Gucci, is planning to build more hotels in the region at least three hotels per year to be started next year until the year 2025.
Acco ...More...
Acco ...More...
07-06-2010 -
Based on the guidelines issued by the Real Estate Regulatory Agency (RERA), the developers are obliged to give their homebuyers with the so-called 'disclosure statement' that contains of full information on the property itself, surrounding ...More...
07-06-2010 -
The Dubai World's property unit Nakheel said that it has already started to pay its trade creditors, contractors and sub-contractors with almost AED 500,000.
According to the spokesperson of the company, all its trade creditors have be ...More...
According to the spokesperson of the company, all its trade creditors have be ...More...
07-06-2010 -
The property unit of Dubai World, Nakheel, has already started paying its contractors owed less than AED 500,000, and will resume work on short-term projects within weeks.
Moreover, it has already begun to pay claims by contractors that ca ...More...
Moreover, it has already begun to pay claims by contractors that ca ...More...
06-06-2010 -
According to realty consultants, the best rental deals in Dubai are so far available in such as International City, Discovery Gardens and Silicon Oasis as well. On the other hand, Elaine Jones, CEO of Asteco Property Management, said also that the ch ...More...
06-06-2010 -
There is a possibility for residential prices in Dubai to increase with 15 to 20 per cent and at the same time more than 47, 000 housing units to be available units expected to hit the market before and after the end of this current year.
...More...
...More...
05-06-2010 -
According to the Middle East Economic Digest, it said that Sama Dubai which is a unit of Dubai Holding LLC began the construction of its AED 2 billion Salam Beach Resort and Spa project in November 2005, but it was stopped in the month of January 200 ...More...
05-06-2010 -
There will be a new completion deal being offered by an Indian company in order that hundreds of Irish investors will be confident once again to invest in the property market despite of the fact that they have already lost a lot of amounts since th ...More...
05-06-2010 -
Nowadays, more institutional funds are searching the market for investments, but nothing much has changed since the first quarter of the current year.
Actually most of the investors are still cash rich investors or institutional funds, ...More...
Actually most of the investors are still cash rich investors or institutional funds, ...More...
05-06-2010 -
According to JP Morgan Chasse and Co, he said that the Dubai Holding Commercial Operations Group LLC is not planning to restructure its debt after posting a $6.2 billion loss as it benefits from the following investments such as hotels, rental, and t ...More...
03-06-2010 -
In order to shun the customers' defaults, the developer of Dubai Pearl has cut 40 per cent off the cost of apartments which were bought during the peak of the market.
Since 2008, there have been luxury apartments at the project itse ...More...
Since 2008, there have been luxury apartments at the project itse ...More...
03-06-2010 -
So far, the buyers of homes or apartments in Dubai did not have the right to form owner's associations or hire property managers. But managing of sold properties continued to be the responsibility of the developer.
The new law, Dubai ...More...
The new law, Dubai ...More...
03-06-2010 -
The Sabban Group of Companies, the umbrella organization of developer Sabban Property Investments, has set up an AED 7 million headquarters in Dubai Investment Park. Its new office is located at the second floor of the Falcon House. It is expected to ...More...
03-06-2010 -
The Dubai Department of Finance will hold meetings with fixed income investors in Europe and concurrently look for potential investors for the emirates' economy.
According to the Spokeswoman at Department of Finance, she said that the ...More...
According to the Spokeswoman at Department of Finance, she said that the ...More...
02-06-2010 -
According to Ayman Okasha, Chief Property Officer, he said that the company has sent out notices to investors at February-end, mostly for the MotorCity project, asking them to honor their commitments and make the final payment for handover of their ...More...
02-06-2010 -
According to Strata Global, the position of Dubai's Real Estate Regulatory Agency (RERA) on owner's association management licensing will give confidence to Dubai Freehold Ownership Market.
Kent O'Brien, CEO of Strata Global ...More...
Kent O'Brien, CEO of Strata Global ...More...
02-06-2010 -
There are some properties continuously facing the challenges of global financial crisis, in which the firms are offering property valuation services in the UAE.
The valuation arms of some leading real estate companies report a 25-30 per ...More...
The valuation arms of some leading real estate companies report a 25-30 per ...More...
02-06-2010 -
According to the company official, the Abyaar Real Estate Development, a Kuwait-listed company, has already sold its 50 per cent of the AED 360 million Pier 8 project in Dubai Marina to the local investor. Then he added that although the company has ...More...
02-06-2010 -
Last Tuesday, a real estate and hotel group owned by the Ruler of Dubai, Sheikh Mohammed Bin Rashid Al Maktoum, announced its sudden loss for the year 2009. It happened after the Dubai International Capital was planning to delay its debt payments.
...More...
...More...
01-06-2010 -
Last week, the strata law guidelines were introduced and considered as an answer to Dubai homeowners who could possibly save millions of dirham in service fees.
But, on the other hand, the new implemented rules could bring a greater finan ...More...
But, on the other hand, the new implemented rules could bring a greater finan ...More...
01-06-2010 -
According to data released by CB Richard Ellis, the Strata ownership in Dubai's commercial property sector will increase by 40.5 per cent by year 2012 and also by 74 per cent in the emirate's residential sector in the same period as single ow ...More...
01-06-2010 -
According to one official, the Asteco Property Management is planning to get a license from the Real Estate Regulatory Agency (RERA) to manage owner's associations in Dubai.
Nicole Betts, Head of Association Management and Asteco Prop ...More...
Nicole Betts, Head of Association Management and Asteco Prop ...More...
Arms Group of Companies and Al-Taqnyah Business Solutions united for the launching of OREC and SREC2
31-05-2010 -
The Arms Group of Companies and Al Taqnyah Business Solutions united and tied up with the propertiesguild.biz in order to launch their real estate solutions. There were more than 300 investors and property dealers / consultants from across the re ...More...
31-05-2010 -
According to Moody's Investors Service, the imbalance of supply-demand is still the main reason of the continuous negative outlook for the property industry in the Arabian Gulf such as the UAE in particular.
The negative outlook ...More...
The negative outlook ...More...
31-05-2010 -
The global investors will be given with a valuable opportunity to review the state of one of the emirate's most important corporate groupings which is the Dubai Holdings Commercial Operations Group (DHCOG) thru the annual financial statement.
...More...
...More...
31-05-2010 -
There are 15 hotels to be opened throughout GCC
There will be six hotels to be opened throughout the Middle East by the Ramee Group of Hotels and Resorts.
Actually, the four and five star hotels are being planned to be ...More...
There will be six hotels to be opened throughout the Middle East by the Ramee Group of Hotels and Resorts.
Actually, the four and five star hotels are being planned to be ...More...
31-05-2010 -
A year ago, there were lots of Dubai property brokers holding some properties which were for sale, and trying to sell homes in a market in which interested buyers were just limited, for instance, the Sheerwoods and Madania Real Estate.
So ...More...
So ...More...
30-05-2010 -
Ziad Makhazoumi, Chief Financial Officer of the largest builder in the UAE, which is the Arabtec itself, said that the cash-strapped property developer of Dubai World, Nakheel, is not in arrears to Arabtec.
Moreover, he said that the Ara ...More...
Moreover, he said that the Ara ...More...
30-05-2010 -
According to the source, the Dubai International Capital, one of the investment units of conglomerate Dubai Holding, has already sold its assets with the creditors to file and see what will be the outcome. It sold its investments in such as EAD ...More...
30-05-2010 -
Based on the Dubai Department of Economic Development ( DED ) report, there was a significant growth in Dubai's economic activities in the month of April as it issued almost 1,393 licenses released for several types of businesses througho ...More...
30-05-2010 -
According to Sultan Bin Nasser Al Suweidi, the Gulf's state central bank governor, said that mostly the UAE's banks accept positively the debt proposal of Dubai World; for the credit growth is reasonable.
The economic growth is exp ...More...
The economic growth is exp ...More...
29-05-2010 -
According to Emaar Properties PJSC, the global developer is giving its commercial customers with an option to choose from two prestigious locations in Dubai for setting up business easily.
The company is leasing commercial space in Emaar ...More...
The company is leasing commercial space in Emaar ...More...
29-05-2010 -
The Nakheel Group, a prestigious construction company in UAE, received $8 billion from Dubai Financial Support Fund. So there is a possibility to continue the construction work for its project, Nakheel Tower. Actually it was put on hold because of fi ...More...
29-05-2010 -
The private equity unit of flagship conglomerate Dubai Holding, Dubai International Capital, is requesting to extend its payment for a three-month debt delay, that is, it will be extended until the month of September. Actually, it has a $1.25 billi ...More...
27-05-2010 -
According to Peter Crogan, Chief Executive Officer at BCS Strata Management Services, he said that the transparent strata management guidelines are very important to the property market stability. Furthermore, it will provide a range of benefits that ...More...
26-05-2010 -
Chief Executive of Arabtec, which is the largest builder in the UAE by market value, said that the company has been expecting cash from the property unit Nakheel's debt restructuring by the end of June.
Kamal affirmed how much money ...More...
Kamal affirmed how much money ...More...
26-05-2010 -
So far, Dubai officials are planning to reform the government's financial status. According to Ahmed Humaid Al Tayer, he said during the banking forum that although Dubai expects a return to high economic growth, it is still critical to urgently ...More...
26-05-2010 -
Based on the US-based online travel reservation website, Expedia, the three-star hotel so far has been in the third rank throughout the Middle East, but on the other hand the budget hotel market has been increasing.
In the first quarter ...More...
In the first quarter ...More...
26-05-2010 -
So far, the Dubai Lagoon's substation, for which Schon Properties, a leading regional property developer that invested almost a total sum of AED 48 million, has already been completed by DEWA, and is ready to be commissioned as well. It was built ...More...
26-05-2010 -
According to Marwan Bin Ghalita, he said that the Strata Law should be mandatory for all developers, having projects in Dubai to submit their drawings first to the Land Department's survey section for approval so that the rights to communal areas ...More...
25-05-2010 -
One of the top officials said that UAE banks have been finding the Dubai World's debt restructuring proposal acceptable.
According to Sultan Bin Nasser Al Suwaidi, Governor of UAE Central Bank, he said that all the involved banks are ...More...
According to Sultan Bin Nasser Al Suwaidi, Governor of UAE Central Bank, he said that all the involved banks are ...More...
25-05-2010 -
According to Analysts, they expected the gradual recovery of UAE economy to continue if in case the investors' confidence returns, especially in the real estate market.
Mohamad Kamal, head of real estate Middle East at the law firm L ...More...
Mohamad Kamal, head of real estate Middle East at the law firm L ...More...
25-05-2010 -
There is a new hotel in Dubai opened by Chelsea Group that brought almost its investments in the hospitality industry in the UAE. It was more than AED 600 million.
Shiraz Kassam, the Managing Director and CEO of Chelsea Group, said that t ...More...
Shiraz Kassam, the Managing Director and CEO of Chelsea Group, said that t ...More...
25-05-2010 -
A new high executive director, Mr. Tarek Mourad, was appointed and welcome by JAL Hotels family. He would be the Director of Finance of the second JAL Hotel property to be open in the UAE and Middle East as well.
Mr. Mourad will face a ...More...
Mr. Mourad will face a ...More...
25-05-2010 -
For the third time, the Emaar Healthcare Group and Methodist International have just opened their healthcare centre in Dubai. It is being called as an Arabian Ranches Clinic in the established Arabian Ranches neighbourhood of Emaar Properties.
< ...More...
< ...More...
25-05-2010 -
Riad Kamal, CEO of Arabtec which is the largest construction company, said yesterday that the company he has been working to has made its largest workforce shift to Saudi Arabia as an 'only salvation'
He added that the company has ...More...
He added that the company has ...More...
25-05-2010 -
Every month Dubai is adding almost 10,000 new residents to its population but still the property agents and dealers have enough business to keep them occupied. It means that the property market in UAE is so far on the way to recovery.
Lind ...More...
Lind ...More...
24-05-2010 -
According to new data released yesterday by online project tracking database MEED Projects, there are still more than $1.3 trillion worth of announced and un-awarded projects of GCC, and also $1.4 trillion in the Middle East region in spite of gl ...More...
24-05-2010 -
The features of the tower are as follows: there are 380 square feet of executive offices, a business center, more than square feet of showroom space, restaurants, a health club and a penthouse.
This project will be the first commercia ...More...
This project will be the first commercia ...More...
24-05-2010 -
The Dubai property developer, Emaar, has a plan to establish more restaurants outside the UAE, and will expectedly launch their new brands before this year ends.
According to Marc Dardenne, chief executive of Emaar Hospitality Group, he ...More...
According to Marc Dardenne, chief executive of Emaar Hospitality Group, he ...More...
24-05-2010 -
Chairman of the Supreme Fiscal Committee and Chairman of Emirates Group, Sheik Ahmed Bin Saeed Al Maktoum, said that Dubai plans to centralize the debt decision making by establishing a debt management office to co-ordinate the raising of debt for th ...More...
24-05-2010 -
Sheik Ahmed Bin Saeed Al Maktoum, Chairman of Dubai Supreme Fiscal Committee, said that the debt restructuring plan of Dubai World treats all the international and local creditors without exception at all but rather equally. Then he said during the ...More...
23-05-2010 -
After paying the Islamic bond or sukuk a few days ago, the property unit of Dubai World, Nakheel may face another challenge to decide which of its planned projects needed to be cancelled.
A spokeswowan of Nakheel said yesterday that it wil ...More...
A spokeswowan of Nakheel said yesterday that it wil ...More...
23-05-2010 -
As the Dubai World said last week that it almost reached an initial deal with its creditors in a little outstanding matter of around $14.5 billion of debt, some analysts asked that if its either the beginning of the end or the end of the beginning. ...More...
23-05-2010 -
The buyers of villas in Jumeirah have been thrown into limbo by stalled construction and even a communication from the site developer.
In fact, there were hundreds of villas and townhouses in Jumeirah Village, which were nearing to comple ...More...
In fact, there were hundreds of villas and townhouses in Jumeirah Village, which were nearing to comple ...More...
23-05-2010 -
As the Dubai World said last week that it almost reached an initial deal with its creditors in a little outstanding matter of around $14.5 billion of debt, some of the analysts asked if its either the beginning of the end or the end of the beginnin ...More...
23-05-2010 -
Dubai World, the state-owned holding company by Sheik Mohammed Bin Rashid Al Maktoum, indicated that it will be able to pay its $23.5 billion of debt 8 years from now.
The announcement came as part of an agreement reached with creditors ...More...
The announcement came as part of an agreement reached with creditors ...More...
23-05-2010 -
Based on the major ratings, the debt restructuring terms reached 'in principle' the remaining creditors of Dubai World may not be persuaded at all.
Last week, Dubai World announced that the said headline economic terms have been a ...More...
Last week, Dubai World announced that the said headline economic terms have been a ...More...
23-05-2010 -
The controversial Dubai World with its property unit Nakheel has settled an agreement with its bank creditors intended to speed up the recovery of the property markets in the UAE.
So far, the seven leading bankers to the group have already ...More...
So far, the seven leading bankers to the group have already ...More...
22-05-2010 -
The head of the United Arab Emirates Contractors' Association said that the final agreement over Dubai World property unit Nakheel's debt repayment offer should be completed within two weeks.
Ahmed Saif Balhasa confirmed that Nakhe ...More...
Ahmed Saif Balhasa confirmed that Nakhe ...More...
22-05-2010 -
Last Thursday, a spokeswoman of Dubai World said that Investors who bought homes on a delayed project by its controversial property unit Nakheel are so far hiring a law firm to represent them as they seek negotiations with the company.
...More...
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22-05-2010 -
The World Media reacted positively to Dubai World's debt repayment plan with its main bankers.
According to one editor of newspaper said and suggested that the European authorities should take lessons from the way Dubai World handled n ...More...
According to one editor of newspaper said and suggested that the European authorities should take lessons from the way Dubai World handled n ...More...
22-05-2010 -
The analysts said that the announcement regarding the conglomerate Dubai World which has already reached the agreement with its creditors to restructure $23.5 billion of debt will surely strengthen the economy and financial markets of the UAE as well ...More...
22-05-2010 -
According to advisers close to the company, Dubai World said that it will also make sense if some creditors will be brought on board for the settlement agreement being presented.
Moreover, Dubai World announced last Thursday that it settl ...More...
Moreover, Dubai World announced last Thursday that it settl ...More...
20-05-2010 -
For the third time, Dubai stocks increased just this week when Dubai World agreed the economic terms with a group of bank creditors to restructure its billion debts.
Emaar Properties PJSC, one of the developers that helped Dubai for bein ...More...
Emaar Properties PJSC, one of the developers that helped Dubai for bein ...More...
20-05-2010 -
The Dubai World has agreed the economic terms with its creditors over the controversial issue regarding its $ 23.5 billion debt-recapitalization plan.
Its coordinating committee of financial creditors, representing 60 per cent of the deb ...More...
Its coordinating committee of financial creditors, representing 60 per cent of the deb ...More...
20-05-2010 -
Riad Kama, Chief Executive of Arabtec Company said yesterday that it already signed the debt repayment offer of Nakheel, the property developer of Dubai World, and encouraged others to follow as soon as possible; for time is not on their side and t ...More...
20-05-2010 -
Based on the report yesterday, the Dubai World Holding which is owned by the Ruler of Dubai, Sheik Mohammed Rashid Bin Al Maktoum, already offered to pay its bank creditors with almost 30 per cent of its debt over five years and the remaining amount ...More...
20-05-2010 -
According to the report, the bank creditors already agreed to the final offer of Dubai World to settle its $14.2 billion debt that specifies the paying back of its secured loans in five years and non-secured loans over eight years.
Moreove ...More...
Moreove ...More...
19-05-2010 -
According to Colliers International, a real estate consultancy company, it said that the first increase of Dubai property prices in the first quarter indicates that there is already an upturn of economy in spite of continuous strike of crisis.
...More...
...More...
19-05-2010 -
HE Khalid bin Sulayem, Director General at the Dubai Government's Tourism and Commerce Marketing Department, commented during the official tour of The Hotel Show today, the Middle East's leading dedicated trade event for the hospitality and ...More...
19-05-2010 -
Last Tuesday, the property unit of Dubai World, Nakheel, said that it remains optimistic as long as the final settlement agreement with its trade creditors is finished.
Nakheel said in a statement when it has had a meeting with the senior ...More...
Nakheel said in a statement when it has had a meeting with the senior ...More...
19-05-2010 -
According to international survey, foreign investors choose Dubai to make an investment, for it is the first and most-preferred choice for future investments throughout the Middle East. They still believe in Dubai's economy despite the global eco ...More...
19-05-2010 -
Some analysts said that the recovery of property market in Dubai is being held up by landlords who refused to sell the property at a lower price.
Yesterday, Mohammed Kamal, the head of property for the Middle East at the law firm Hogan Lo ...More...
Yesterday, Mohammed Kamal, the head of property for the Middle East at the law firm Hogan Lo ...More...
19-05-2010 -
Colliers International said that the office space in Dubai will increase almost 80 per cent by the end of 2011.
According to J.P. Grobbelaar, Director of Middle East research for the property advisor, said that it is going to take a huge r ...More...
According to J.P. Grobbelaar, Director of Middle East research for the property advisor, said that it is going to take a huge r ...More...
19-05-2010 -
According to Riad Kamal, Chairman of Arabtec, the trade creditors of Nakheel could not see 40 per cent of their payment in cash by June unless otherwise 65 per cent of them accept the terms.
So far, 50 per cent of creditors have already ...More...
So far, 50 per cent of creditors have already ...More...
18-05-2010 -
Emaar Properties, the owner of the tallest building in the world, said that it has already started handing over the luxury apartments in the Armani Residences that includes 150 of one and two bedroom apartments which is personally designed by Giorg ...More...
18-05-2010 -
The developer of golfing community of Victory Heights confirmed that there are local lenders offering competitive mortgages on luxury villas built in three different styles such as the authentic Spanish Andalusian, bold Mediterranean, and classic Eur ...More...
18-05-2010 -
The Dubai's AAA-rated commercial and retail tower, The Opus, from which the first phase of construction work is almost complete, was developed by Omniyat Properties, one of the most innovative and prestigious developers in UAE.
...More...
...More...
18-05-2010 -
The third customer service centre of Wasl Properties, the Property Management division of Wasl Asset Management Group owned by Dubai Real Estate Corporation (DREC), is about to be opened in Al Muhaisnah district of Dubai.
The said ce ...More...
The said ce ...More...
18-05-2010 -
A few days ago, the Colliers International revealed that there was a first ever increase occurred in the market in terms of property prices in Dubai. It increased at least 2 per cent for the first time in the first quarter of this year, which is high ...More...
18-05-2010 -
In the first place, Dubai World's property unit Nakheel has already secured an agreement over 50 per cent of the total agreed claims by its trade creditors.
According to the spokesperson of the Dubai World, within a month of presentin ...More...
According to the spokesperson of the Dubai World, within a month of presentin ...More...
18-05-2010 -
Yesterday, the Institute of International Finance said that the gradual economic recovery of Dubai depends on the constant and further financial support from the Federal Government and improvements in transparency as well. In addition, it said that t ...More...
18-05-2010 -
So far, Dubai has already overcome the liquidity crisis for last 2008, but its current excess property inventory has not yet found its price.
According to latest industry research, Dubai's property prices are expected to fall another ...More...
According to latest industry research, Dubai's property prices are expected to fall another ...More...
17-05-2010 -
Asa Fitch said that the process of restructuring the Dubai World's debt, $ 24.8 billion, which almost bothered the global markets, seems to be resolved but still some of its creditors are not convinced, or agree to the settlement proposal prese ...More...
17-05-2010 -
The Palm Jumeirah is one of the man-made islands in which both residential and commercial infrastructures projects have been constructed so far.
Jan De Nul and Van OOrd, Belgian and dutch, dreging and marine contractor, were hired by Na ...More...
Jan De Nul and Van OOrd, Belgian and dutch, dreging and marine contractor, were hired by Na ...More...
17-05-2010 -
Analysts said that despite of the oversupply of units in the current year, there is an emerging for prime and retail assets as well. As predicted by Bank of America Merill Lynch, there would still be almost 44, 000 vacant units so far, even though mo ...More...
17-05-2010 -
So far, investors in Dubai must target those properties which are already finished, or rather nearer to completion date of delivery instead.
According to Chief Executive of Overseas Investment Firm, Nick Marr, said this was the best kind o ...More...
According to Chief Executive of Overseas Investment Firm, Nick Marr, said this was the best kind o ...More...
17-05-2010 -
A top official of a Dubai-based hotel said that compared to last year, there was an increase of occupancy levels in line with the hotel industry in the first quarter of this year 2010. It just proved that the said result is better than last year 2009 ...More...
17-05-2010 -
According to World Bank, the offer of Dubai World to its creditors renegotiating the debt issue will support growth and regain the confidence of investors in the markets.
In addition, its debt restructuring issue did not actually affect t ...More...
In addition, its debt restructuring issue did not actually affect t ...More...
16-05-2010 -
Memon Investments, a Dubai-based property developer and also a part of the international business conglomerate, Shaikhani Group, announced that the construction of its two residential towers in Dubai Sports City have been already in the middle of com ...More...
16-05-2010 -
The MAG Group has a residential tower named as 'MAG 218' built at a cost of AED 450 million and consisting of 555 apartments with 66 floors, which is ready to be handed over to residents.
Mohammed Nimer, CEO of MAG Group Property, ...More...
Mohammed Nimer, CEO of MAG Group Property, ...More...
16-05-2010 -
In the first place, based on the latest Colliers International report, it stated that the property prices in Dubai have already increased per annum for the first time since the economic financial downturn began in 2008.
The report revealed ...More...
The report revealed ...More...
16-05-2010 -
Last year 2008, the first ever hotel opened on the Palm Jumeirah is the Atlantis Hotel owned by Sol Kerzner's One&Only itself. It was during the hottest issue of global recession but still the said hotel never affected so far.
Mr. ...More...
Mr. ...More...
16-05-2010 -
Palm Jumeirah is one of the Palm Trilogy of prestigious man-made islands in Dubai. The other two islands are as follows: the Palm Jebel Ali and the Palm Deira.
It was set to be in the shape of a palm tree topped with a crescent, and in w ...More...
It was set to be in the shape of a palm tree topped with a crescent, and in w ...More...
16-05-2010 -
According to the sources, within two years, the limited availability of active mortgages is still holding back the recovery of the property market.
According to Mehroz Rufi, Director of Business Development, Rufi Group of Companies, said ...More...
According to Mehroz Rufi, Director of Business Development, Rufi Group of Companies, said ...More...
16-05-2010 -
There is one investor named Kasim Hammami saying that he was making a tentative investment before when he put 20 per cent down payment of AED 4.8 million on an entire floor of the planned Beachfront Living tower in Dubai's Waterfront development ...More...
15-05-2010 -
There are three properties in the world's tallest building, Burj Khalifa, will be auctioned in Beijing in early June at a starting price of 70,000 yuan per square m.
According to the Beijing Yihai Auction Co Ltd, the auction house ...More...
According to the Beijing Yihai Auction Co Ltd, the auction house ...More...
15-05-2010 -
According to the survey, business people or investors are regaining confidence so far in the UAE economic prospects, even though there is a long span between those working in Abu Dhabi and Dubai.
Based on the index by the market research ...More...
Based on the index by the market research ...More...
15-05-2010 -
Australian Chris Humphrey has lived in Dubai for seven years. He bought and sold a lot of properties with the purpose of funding his unit at Tiara Residence Apartment facing the beach and Gulf as well. He said that he will just sell the unit when h ...More...
15-05-2010 -
The latest news regarding the property developer Nakheel seeking to restructure $10.5 billion of debt has reached already the agreement with its trade creditors for more than 50 per cent of the claims, or AED 6 billion in particular.
...More...
...More...
13-05-2010 -
A spokeswoman of Dubai government said that the funds offered by Dubai Financial Support were intended to repay the $980 million Islamic bond of property developer Nakheel but with the paying agent who has a confirmed receipt of funds and at the same ...More...
13-05-2010 -
Nakheel said that it has already secured the agreement on more than 50 per cent of total agreed claims by its trade creditors. It took almost one month of presenting to its creditors the settlement agreement that offers them 100 per cent recovery of ...More...
13-05-2010 -
The property unit of Dubai World, Nakheel, is so far looking for consultants to help it assess the company's unpaid bills to contractors and suppliers and in order that the transactions of payments will be smoother and quicker as well.
...More...
...More...
13-05-2010 -
The $980 million of Islamic bond of Dubai World property developer Nakheel is scheduled to be repaid today itself. It has been expected to do even without the presence of the debt deal between the state-owned conglomerate Dubai World and its creditor ...More...
13-05-2010 -
A few days ago, Nakheel received an amount provided by Dubai Financial Support Fund to let it pay its Islamic bond which is going to mature today. Consequently, the Dubai's stocks rose for the second time this week that led gains in Gulf Ar ...More...
13-05-2010 -
The second Dubai property of Kempinski, a hotel and residence complex located on the Palm Jumeirah, is already in the last phases of delivery, and so scheduled to be launched in Autumn 2010. It is developed by EPG Hotels and Resorts, and an Internati ...More...
13-05-2010 -
Al Habtoor Leighton Group was chosen as the main contractor of Daman Investments' large-scale development project: 'The Buildings' that has 60-floor residential and commercial complex encompassing the following such as the freehold apartm ...More...
12-05-2010 -
In the last quarter of 2010, Ramada Jumeirah Dubai, a new four-star hotel with 252 rooms, is soon to be opened at the crossroads of Al Mina and Al Diyafah roads.
The said property will feature the following such as the Business Centre, and ...More...
The said property will feature the following such as the Business Centre, and ...More...
12-05-2010 -
As one of the leading hotel brands throughout the Middle East, Rotana deserved to receive the award this year 2010: World Travel Awards.
The company has been planning to open its almost 40 hotels across the Middle East but because of the ...More...
The company has been planning to open its almost 40 hotels across the Middle East but because of the ...More...
12-05-2010 -
The 396-room Ibn Battuta Gate Hotel named from the 14th century Arabian explorer, Ibn Battuta, is located at the area that heads along the emirates's west coast, embracing the specialist zones of such as Dubai's Media City, Internet City, ...More...
12-05-2010 -
The Harbor Group has already acquired the Real Estate Management Supervision Services license. It is in connection with their mission to enhance more their customer service levels of the real estate and meet the demands at a dynamic market as well. ...More...
12-05-2010 -
The Dubai's third-biggest developer by market value, Union Properties, said that the first quarter net profit of the company rose almost 67 per cent on the increased revenue just from the handover of properties in its MotorCity project itself. ...More...
12-05-2010 -
Analysts said that the prospective homeowners or foreign investors should take an advantage to buy a property this year, for by next year sellers will be reluctant to put properties for sale as the market stabilizes.
According to Charles ...More...
According to Charles ...More...
12-05-2010 -
According to the source, the company, Dubai Holding, owned by Sheik Mohammed Bin Rashid Al Maktoum, and with its units will owe from banks a $12 billion; that is, there has been a tackle to roll over some of their loans.
So far, almost th ...More...
So far, almost th ...More...
12-05-2010 -
Last Tuesday, the property developer Nakheel said that the government of Dubai has given enough funds just to repay the $980 million Islamic Bond which will be due on the 13th day of this month, May. The said financial support of the government is ...More...
11-05-2010 -
A two-tower project, Imperial Residence, of Tamer Holding in Jumeirah Village South has been completed so far.
Federico Tauber, President of Tameer Holding Investment, said that the topping out of the superstructure on both towers has b ...More...
Federico Tauber, President of Tameer Holding Investment, said that the topping out of the superstructure on both towers has b ...More...
11-05-2010 -
The developers of the delayed Marina West project are still in talks with its several investors to give the project the so-called 'fresh impetus', which are at an advanced stage with several international financial institutions as well as the ...More...
11-05-2010 -
There are two major hotel companies such as the Starwood Hotels and Action Hotels Group planning to put their investment in the GCC countries wherein there is a perfect and growing market.
As a matter of fact, Starwood has 50 hotels throu ...More...
As a matter of fact, Starwood has 50 hotels throu ...More...
11-05-2010 -
According to two bankers, they said that Dubai World will not pay the interest on outstanding loans starting this month unless otherwise its lenders agree to the $14.2 billion debt restructuring proposal.
Based on the letter by law firm ...More...
Based on the letter by law firm ...More...
11-05-2010 -
As the government of Dubai injected some amounts to Dubai World, the spokeswoman said that the sufficient support of the government for the debt plan would be enough to repay the May Islamic Bond, or sukuk.
Nakheel's sukuk is backed by ...More...
Nakheel's sukuk is backed by ...More...
11-05-2010 -
According to the source, Dubai World Holding has hired financial consultants in order to review the books of its Dubai Group unit and Dubai International Capital that has investments in companies such as the Madame Tussauds waxworks museums and Tra ...More...
11-05-2010 -
Investing in Dubai by a new type of Dubai Real Estate Investor, which is the overseas property investors set to return but as an executive points out that it will be to a different type of international real estate investor buying in Dubai's ...More...
11-05-2010 -
A bondholder said that a $980 million Islamic bond which will be due on May 13, 2010, will be repaid by Dubai World property unit Nakheel as the market expects it to happen on that day itself.
On the other hand, the state-owned holding com ...More...
On the other hand, the state-owned holding com ...More...
10-05-2010 -
UAE officials affirmed that the controversial issue of Dubai debt deal and the negotiations with its creditors will be going well and that no more major corporate restructurings are about to happen again after the final presentation of the debt p ...More...
10-05-2010 -
Dubai Holding Commercial Operations Group which is also a part of conglomerate controlled by Sheik Mohammed bin Rashid Al Maktoum has appointed financial-services firm PricewaterhouseCoopers as its Debt Advisers ahead of the potential debt restructur ...More...
10-05-2010 -
According to the latest industry report, last year Dubai has had 40 per cent revenue per available room (reVPAR), while the occupancy was recorded by Abu Dhabi at 73 per cent.
Particularly, the financial and real estate sectors predicted ...More...
Particularly, the financial and real estate sectors predicted ...More...
10-05-2010 -
Sean Taylor, the investment Director at GAM Dubai, said that valuations are based on no analysts' upgrades for earnings growth in this region, whereas over the past nine months emerging markets have seen earnings upgrade consistently.
...More...
...More...
10-05-2010 -
Compared to last year net income of the company, in the first quarter it fell to AED 134.5 million, or 11 fils a share, from AED 161.2, or 13 fils. But the main estimate of six analysts' forecasts was a profit of AED 140.2 million, and then t ...More...
10-05-2010 -
The AED 82.25 million construction contract was awarded by Schon Properties, a leading regional property developer, to Commodore Contracting LLC. It is in line with its aim to accelerate the construction within Zones 2 and 4 of the AED 3 billion Du ...More...
10-05-2010 -
So far, both the local and foreign investors are starting to look closely at Emaar Properties. Yesterday, the company's shares closed at AED 3.81. It fell down 1 per cent. But, according to Alfred Fayek, the managing Director of equity sales at ...More...
10-05-2010 -
Industry experts said that both the residential and commercial rents in Dubai and Abu Dhabi are temporarily to fall down but only in a short term.
According to Ronald Hinchey, partner of Cluttons Middle East, said also that the resident ...More...
According to Ronald Hinchey, partner of Cluttons Middle East, said also that the resident ...More...
10-05-2010 -
Analysts said that the negotiations of Dubai World with its creditors to restructure the $14 billion of debt on the new terms of payment may not be agreed because of the debt crisis in Greece.
According to Saud Masud, head of research an ...More...
According to Saud Masud, head of research an ...More...
10-05-2010 -
According to Colliers International, the property prices in Dubai's residential property market jumped up to almost 4 per cent between the fourth quarter and the first quarter of this current year 2010.
The global real estate consul ...More...
The global real estate consul ...More...
09-05-2010 -
Based on the report from Financial Times newspapares, Dubai Holding, which is an investment arm of Dubai Government, is considering the restructuring its debt up to $20 billion.
The Jumeirah Group that operates the prestigious Burj Al A ...More...
The Jumeirah Group that operates the prestigious Burj Al A ...More...
09-05-2010 -
According to Real Estate Consultancy Colliers International, the property prices in Dubai rose almost 2% in the first quarter of this calendar year 2010. It has been the first ever annual increase since the real estate market fell down in 2008.
...More...
...More...
09-05-2010 -
Omer Z. Kaddouri, senior vice president for UAE operations at Rotana, said that their plans for Rayhann Hotel are to convert it into a five-star hotel over the next five months. But first they need to build a new restaurant and make some modificati ...More...
09-05-2010 -
Sheik Ahmed bin Saeed Al Maktoum, chairman of Dubai's Supreme Fiscal Committee, said that the deal between the conglomerated Dubai World and its creditors could be finalized within two weeks. He added that the government has been in the process ...More...
08-05-2010 -
According to CB Richard Ellis, Commercial Real Estate Services Company, he reported that Dubai itself is one of the top ten most expensive office markets not only in the GCC but throughout the world.
Based on the report, Dubai has recorde ...More...
Based on the report, Dubai has recorde ...More...
08-05-2010 -
As part of debt-restructuring proposal of Dubai World, the government formed a committee of Nakheel creditors in order to deal directly with the developer.
The Islamic bond is about to be repaid by the property developer of Dubai Worl ...More...
The Islamic bond is about to be repaid by the property developer of Dubai Worl ...More...
08-05-2010 -
The property developer of Dubai World, Palm Jumeirah, and the Waterfront, Nakheel, will be going to repay the $980 million Islamic Bond to bondholders.
The 2 per cent payment on $14.2 billion of bank loans over five to eight years, which ...More...
The 2 per cent payment on $14.2 billion of bank loans over five to eight years, which ...More...
08-05-2010 -
After months of waiting the final announcement of debt restructuring proposal, there have been still lacking of several crucial details that continuously bothered the bank creditors; for they have been so worried about the interest rate itself offere ...More...
08-05-2010 -
The Indian hotel, EAST Hotels Ltd ( ETHL ), will open its first hotel with a 220-room property in Business Bay in Dubai by next year. The group has already built one of the luxurious properties in Saudi Arabia but still planning to further expand ...More...
06-05-2010 -
According to industry analysts and developers, the negative impact of global financial crisis has become UAE more mature in a sense that it has been struggling in order to face the challenges of crisis and also reforming some essential aspects in the ...More...
06-05-2010 -
The controversial property developer Nakheel is facing again with another challenge about its credit worthiness with the maturity of $980 million Islamic Bond, or sukuk, which must be repaid in order to avoid the default on May 13.
The ...More...
The ...More...
06-05-2010 -
Analysts said that there is already a sign as considered to be the beginning of the re-emergence of UAE economy; for instance, the awarding of multiple construction projects throughout the Emirates with an approximate amount of almost $1 billion. ...More...
06-05-2010 -
By the end of the third quarter of this year, another five-star resort on The Palm Jumeirah is scheduled to be open. It is the Zabeel Saray Hotel itself. It would be the second hotel to welcome guests after the first grand opening of the The At ...More...
06-05-2010 -
On October 10, 2010, there will be an opening of the new Palm Dubai property under the One; Only brand which is using ' The Arabian Travel Market ' ( AT M ).
Michael Payne, general manager of the above-mentioned company, said t ...More...
Michael Payne, general manager of the above-mentioned company, said t ...More...
06-05-2010 -
According to bankers familiar with the proposal, they said that unless otherwise the lenders agree with the said debt-restructuring plan of Dubai World, the latter will start to pay its offered interest rate on outstanding loans this month of M ...More...
05-05-2010 -
Arabtec was awarded by DAMAC Properties as a main contractor of its DAMAC Heights project at Dubai Marina. The AED 500 million contract was presented and signed already this week and the construction will start as soon as Zetas completes the enabling ...More...
05-05-2010 -
The oversupply of residential real estate units in some areas in Dubai such as the Palm Jumairah and Dubai Marina that performed better than other parts of the emirate during the past six months has caused the rents lower. According to the report f ...More...
05-05-2010 -
So far, the office landlords in Dubai are making their own strategies such as an offering of attractive incentives, including free periods of up to two years on five-year leases as they compete for their tenants.
According to the property ...More...
According to the property ...More...
05-05-2010 -
Some real estate agents said that because of the rental market in Dubai is stabilizing, many expatriates or even locals have been transferring from Sharjah and other neighbor emirates to Dubai itself. For instance, some employees working in Dubai ...More...
04-05-2010 -
Based on the report of unidentified member of the negotiating committee of creditor banks, the 1 per cent interest rate offered by Dubai World was unchanged.
But most of the banks accepted the offer after studying the size of the r ...More...
But most of the banks accepted the offer after studying the size of the r ...More...
04-05-2010 -
According to IMF economists, they are predicting that the repaying of Nakheel's Islamic Bonds may not revive the so-called sukuk market this calendar year 2010, for the maturity of its payments will be due this month and next year.
E ...More...
E ...More...
04-05-2010 -
Gerard Lawless, the hotelier's executive chairman, said that Jumeirah Group is planning to open the first hotel under its new Venu brand within the next twelve months.
As a matter of fact, the hotelier operates the following hotels: ...More...
As a matter of fact, the hotelier operates the following hotels: ...More...
Union Properties’ profit increasing in the first quarter thru the handover of its project: MotorCity
04-05-2010 -
Dubai's third-biggest developer by market value, Union Properties PJSC, said that in the first quarter itself, their profit rose to 67 per cent on increased revenue; that is, when its MotorCity project was completed and delivered.
In ...More...
In ...More...
04-05-2010 -
The Majid Al Futtain ( MAF ) Group LLC, a leading retail, property and investment company, plans to invest $3.5 billion in the next five years to develop four shopping malls in four countries such as UAE, Egypt, Lebanon, and Syria. The comple ...More...
04-05-2010 -
Union Properties, Dubai's third-largest developer, reported that in the first quarter of this calendar year, the net profit of the company increased to Dh 50 million, compared to Dh30 million from the same period last year.
It incr ...More...
It incr ...More...
04-05-2010 -
According to analysts, the Dubai World is still in talks with a core panel of seven banks, five foreign and two local banks that represent the 97 creditors, just for restructuring its $26 billion in debt and offering an additional 1 per cent intere ...More...
03-05-2010 -
Analysts stated that so far the Dubai World is still in talks with its creditors and lenders. Although it has already revised the offer for them, the involved banks remain dissatisfied with the terms being presented and offered.
At thi ...More...
At thi ...More...
03-05-2010 -
A spokeswoman of Dubai Department of Finance said that Nakheel may pay for the Islamic Bonds with Dh3.6 billion on May 13 in spite of the fact the its parent Dubai World doesn't reach a formal debt-restructuring agreement, that is, at least 65 ...More...
03-05-2010 -
The owner of Dubai International Financial Centre Tax-free business park, DIFC Investments LLC, posted a $ 561.4 million-loss last year when the real estate market collapsed because of the impact of economic crisis.
Chairman Ahmed ...More...
Chairman Ahmed ...More...
03-05-2010 -
Based on the report, in the first quarter of this calendar year 2010, Dubai Union Properties' profit increased to 66 per cent.
In comparison, the developer reported a net profit of Dh 50 million in the first three months of this year ...More...
In comparison, the developer reported a net profit of Dh 50 million in the first three months of this year ...More...
03-05-2010 -
Simon Coper, CEO of HSBC Bank Middle East Ltd, said that the proposal of Dubai World to restructure $24.8 billion of its borrowings is very fair.
He added that there would be no reasons not to sign or agree to the proposal as early as possible, ...More...
He added that there would be no reasons not to sign or agree to the proposal as early as possible, ...More...
03-05-2010 -
Yesterday, there were conference and trade exhibition for the retail real estate sector attended by high profile audiences and almost 250 delegates from around the Gulf.
Regional Director of Middle East Council of Shopping Centres, Ms.K ...More...
Regional Director of Middle East Council of Shopping Centres, Ms.K ...More...
03-05-2010 -
There is one construction company in Dubai that has revived its property development plans. It has had a plan to construct two towers for both commercial and residential
YD Murphy, NCC's senior vice-president, said that the company ha ...More...
YD Murphy, NCC's senior vice-president, said that the company ha ...More...
02-05-2010 -
According to CEO Marwan bin Ghalifa of RERA, Real Estate Regulatory Agency, he said that the agency has already begun asking some master developers of several projects which are not yet being started so far, why their projects are still on-hold; and ...More...
02-05-2010 -
According to Joseph Ghassoub, head of the International Advertising Association, said last Friday that advertising firms agreed to Nakheel's mechanism on how to repay its trade creditors by presenting its restructuring proposal.
What ...More...
What ...More...
02-05-2010 -
Mohamed Nimer, CEO of MAG Group Property Development, said that the key to possible recovery of Dubai's Real Estate Market will be greater transparency and tougher regulations, or rather to improve the liquidity, reassure and protect the legitima ...More...
01-05-2010 -
In Jebel Ali, there is a $13 billion project which has been quietly making progress, and developed by Limitless, one of the property arms of Dubai World.
According to Salah Ameen, deputy executive director for Limitless in the Middle Ea ...More...
According to Salah Ameen, deputy executive director for Limitless in the Middle Ea ...More...
01-05-2010 -
Analysts said that as the Dubai World is still in talks to restructure its $26 billion in debt, it has revised the offer for its lenders.
According to the source, the offer is for a 1 per cent interest rate and 1 per cent payment-in-ki ...More...
According to the source, the offer is for a 1 per cent interest rate and 1 per cent payment-in-ki ...More...
01-05-2010 -
The real estate sector throughout GCC has witnessed a period of rapid expansion that resulted an attractive opportunity for both local and foreign investors. The sector itself has been also what gave Dubai popularity since its booming period began, ...More...
29-04-2010 -
According to a banker familiar with the plan, he said that Dubai World offered to pay its creditors an additional 1 per cent interest upon the maturity of the rolled-over loans which are part of $14.2 billion debt restructuring.
He ad ...More...
He ad ...More...
29-04-2010 -
The CEO of Arabtec Construction company accepted the debt repayment offer of cash and new debt by property developer, Nakheel, last Wednesday.
Riad Kamal confirmed to Reuters a report that largest contractor in the United Arab Emirates ...More...
Riad Kamal confirmed to Reuters a report that largest contractor in the United Arab Emirates ...More...
29-04-2010 -
According to the panel's chief, the new finance team formed by the government of Dubai has been assembled and will be having a meeting just to draw up its first recommendations for the improvement of Dubai in the forthcoming weeks.
...More...
...More...
29-04-2010 -
Provided that 65 per cent of creditors sign up the settlement agreements presented by Dubai World, its property unit, Nakheel, will be starting to pay its contractors. So far, some trade creditors have already signed up.
When the gover ...More...
When the gover ...More...
29-04-2010 -
As part of the restructuring proposal of Dubai World, the government of Dubai will inject $9 billion into it in order to pay its billion of debt, $23.5, but the $8 billion from the said amount offered will be given to its property unit itself, Nakh ...More...
28-04-2010 -
One of the trade creditors of Dubai World, Al-Ghurair, will begin to receive any installed payments this coming June from property unit of DW, Nakheel.
According to the top official from the company, he said that the 10 per cent pro ...More...
According to the top official from the company, he said that the 10 per cent pro ...More...
28-04-2010 -
Last Tuesday, the board of Dubai World property developer, Nakheel, and its chairman, were replaced as the emirate pushed forward with restructuring its debt-saddled chief conglomerate in order to maintain the good reputation of Dubai as a re ...More...
28-04-2010 -
According to Jones Lang LaSalle, in order to have a more and mature market in the line of real estate sector, consolidating, restructuring and commercializing must be applied in Dubai.
One consultancy in its global perspective report ...More...
One consultancy in its global perspective report ...More...
28-04-2010 -
So far, the trade creditors of the property developer, Nakheel, started signing the settlement agreements between them to receive the following payment in the form of cash and new debt.
The state-owned Dubai World is in talks with its lend ...More...
The state-owned Dubai World is in talks with its lend ...More...
26-04-2010 -
Oman's Central bank governor said that Dubai World owed $49 million from their different banks, and added that if the loan maturities are extended, the banks will be asked to book provisions.
Last March 25, Dubai World asked its almos ...More...
Last March 25, Dubai World asked its almos ...More...
26-04-2010 -
The launch of a construction-linked payment plan for the worth of AED 3 billion Project, Dubai Lagoon, of Schon Properties has been approved by the Real Estate Regulatory Agency; and which is located in Dubai Investment Park (DIP).
The ann ...More...
The ann ...More...
26-04-2010 -
Last Monday, a representative from Dubai Lagoon Investors Committee welcomed the offer made by Schon Properties, which is a new construction-linked payment scheme. In order for it to happen, the construction must be resumed primarily.
...More...
...More...
26-04-2010 -
Last Monday, a representative from Dubai Lagoon Investors Committee welcomed the offer made by Schon Properties, which is a new construction-linked payment scheme. rder it to happen, the construction onsite must be resumed primarily. He added that si ...More...
25-04-2010 -
According to the source, the property developer of Dubai World, Nakheel, is planning to offer almost 10 per cent return on an Islamic Bond to its trade creditors, which is just a starting point for negotiations with them.
The $9.5 billio ...More...
The $9.5 billio ...More...
25-04-2010 -
So far, there are already a lot of professional women currently involved in the property sector which has been considered as only man's expertise especially in the Arab country such as UAE in particular.
For instance, there is a list ...More...
For instance, there is a list ...More...
25-04-2010 -
According to an industry report, residential market will probably recover by next year but on the other hand the office vacancies with rents and capital values are still under pressure.
Jones Lang LaSalle's Dubai Real Estate Marke ...More...
Jones Lang LaSalle's Dubai Real Estate Marke ...More...
25-04-2010 -
Arab world's largest listed developer, Emaar Properties, announced that its net profit is more than triple. It soared almost 221 per cent only in the first quarter of 2010. The profit in revenue has come in from hospitality and retail business. ...More...
24-04-2010 -
Danial Schon, vice president of Schon Properties, assured the buyers of flats from their project, Dubai Lagoon, that they are liable to swap into apartment blocks with complete details of the property and confirmed date of completion.
He ...More...
He ...More...
24-04-2010 -
About the said restructuring proposal of Dubai World, some might consider it as a deal-breaker but actually it is not; but rather it is just a part of solving its billions of dollars of debts.
But the fist time when it was presented by A ...More...
But the fist time when it was presented by A ...More...
24-04-2010 -
There were two concerned citizens familiar with the restructuring proposal saying that Nakheel, the property developer of one of the emirate's three main state-owned holding companies, Dubai World, is going to pay an annual return of 10 per c ...More...
24-04-2010 -
Within two years of struggling from the financial crisis in Dubai, there has been news that pleased and made all the Middle Eastern Investors confident once again in the property market.
Some developers are planning to focus more on ...More...
Some developers are planning to focus more on ...More...
22-04-2010 -
So far, good property with good location, either under construction or nearer to completion date, is more preferred choice of both domestic buyers and some foreign investors than fully-furnished unit but not in the good location in which the invest ...More...
22-04-2010 -
Because of Dubai World's debt, it affected too much the economy of Dubai in particular. That is why the International Monetary Fund (IMF) doubled its UAE growth for this year.
According to IMF, last year the economic growth of UAE ...More...
According to IMF, last year the economic growth of UAE ...More...
22-04-2010 -
According to the report of Jones Lang LaSalle, by 2011 Dubai residential market prices are likely to recover from its current downturn status. This year 2010, there are 22,000 residential units to be delivered and 25,000 by next year. So far, real ...More...
22-04-2010 -
Real Estate Market is one of Dubai's assets that make it strong in terms of good economy. Residential and Commercial properties so far have high demand and are constantly growing up in spite of the impact of the crisis. But all people know that ...More...
21-04-2010 -
According to International Real Estate Consultants, Jones Lang LaSalle, the growth of total number of hotel rooms in Dubai until the year 2012, which will be approximately 54,751, implies that there is at least a constant recovery in a commercial p ...More...
21-04-2010 -
Real Estate Sector has been the most intensive investment since the sheikdom emirate transformed to be the core of economy, tourism, trading, and investment. But when the world economic crisis came, Dubai has been one of those cities affected of its ...More...
21-04-2010 -
Zawya Dow Jones reported that in order to avoid the default for the Islamic Bond issued by its property main developer, Nakheel, the investors are betting the Dubai World to pay it off with $ 980 million in accordance with its restructuring proposal ...More...
21-04-2010 -
According to one industry expert, unless otherwise the small and medium enterprises can secure bank loans to finance their start-ups, they could not demand for either office space or affordable residential property in the UAE.
Mohammed N ...More...
Mohammed N ...More...
21-04-2010 -
The transformation of UAE's property trade into an end-user market because of ongoing corrective measures was observed by The Specialists, which is a real estate solutions provider.
The Specialists noted that more real estate devel ...More...
The Specialists noted that more real estate devel ...More...
20-04-2010 -
There were two companies awarded by one real estate developer: Berkeley Services for the cleaning and support services, and Group 4 for taking care of security services.
Ani Vladi, the property manager of the Tower, said that as their ...More...
Ani Vladi, the property manager of the Tower, said that as their ...More...
20-04-2010 -
Dubai's Real Estate Custodians have decided to reform the property guidelines after several months ago since the financial economic crisis began in 2009. Their purpose is to make the real estate sector in UAE more professional and will regulate t ...More...
20-04-2010 -
According to findings of Fourth Investor Sentiment Survey from Jones Lang LaSalle, at this point in time, the number of buyers of assets or properties in MENA real estate is more than the sellers'.
Moreover, institutional investors ...More...
Moreover, institutional investors ...More...
20-04-2010 -
Nomura says that the UAE is now starting to emerge from global economic crisis because of debt-restructuring proposal $ 24.8 billion of Dubai World, which is likely to urge recovery in business and consumer confidence.
According to Ann ...More...
According to Ann ...More...
19-04-2010 -
According to Emirates Fortune Group ( EFG ), Dubai-based holding company, it is so positive with regards to UAE property market. The said company is also very interested to invest to different countries such as UAE, United Kingdom, United States, ...More...
19-04-2010 -
Based on the report, Nakheel, one of the big developers operating in UAE, will pay its contractor, Arabtec Construction Company, with 40 per cent of the total amount of its debt.
Tom Barry, CEO of the said company, said that they hav ...More...
Tom Barry, CEO of the said company, said that they hav ...More...
19-04-2010 -
After almost six months of facing the challenges of financial crisis, local and international investors are still showing their interest in the real estate markets across the Middle East and North Africa ( MENA ) region. So far what they are dreaming ...More...
19-04-2010 -
According to the latest market analysis, Proleads Global, stated that there are still on-going 1, 296 projects worth almost $ 418 billion and have currently been built in UAE.
But the total state of civil construction market throughout UA ...More...
But the total state of civil construction market throughout UA ...More...
18-04-2010 -
There are some rich individuals in UAE who also invested same as the foreign expatriates and having an investment strategy in the property sector. But still they are in the state of choosing either to invest in the local real estate market or ...More...
18-04-2010 -
According to reports, the interest rate being offered by Dubai World was not accepted by its creditors but rather they suggested make it higher than one per cent. The said offer has been a part of restructuring debt of the firm.
So far, ...More...
So far, ...More...
17-04-2010 -
Because of the power of media, the news about the rising of rental prices in UAE was propogated, and so it implies that the economy in Dubai, for instance, has been gradually emerging again in spite of the so-called "financial economic crisis". ...More...
17-04-2010 -
According to the source, Dubai World Holding Company with its creditors met for the first time as to tackle the details regarding the debt-restructuring plan. The said company were requesting to reschedule the payment of its debt over five to e ...More...
15-04-2010 -
There are two attractive areas located in the land of Dubai such as Jumeirah and Umm Suqueim, wherein some residents have appreciated the place well. So many investors, buyers, and tenants are very interested to be part of one of those mentioned co ...More...
15-04-2010 -
Nakheel, the main property developer of man-made palm islands, which is The Dubai World, is planning to pay the debt to its bank and trade creditors by June 2010. But according to the source, its restructuring proposal was not approved yet by the cre ...More...
15-04-2010 -
According to a financial expert, the problem regarding the huge debts of the controversial project, Dubai World, will not be resolved unless otherwise its restructuring proposal is completely accepted by the bank and trade creditors.
B ...More...
B ...More...
15-04-2010 -
Based on the latest survey, Dubai was ranked by some institutional investors as the most competitive city throughout the Middle East and North Africa (MENA) in terms of real estate sector because of its being most open city both for real estate m ...More...
14-04-2010 -
According to the Chief Economist of Dubai International Financial Centre, he stated that Dubai can manage its debts after receiving a financial assistance from either Central Bank or its rich neighbor-Emirate, Abu Dhabi.
Nasser Said ...More...
Nasser Said ...More...
14-04-2010 -
Analysts said that the injection of the government of Dubai, $ 9.5 billion, to the DW and its developer, Nakheel, will do a little improvement to the status of property market in Dubai so far.
Some of the amount will be given to Nakheel ...More...
Some of the amount will be given to Nakheel ...More...
14-04-2010 -
The Director of MENEA ( Middle East Near East Africa ), Alan England, said that nowadays people have been managing their assets more carefully than before. Thus, it implies that they are taking stock of their assets.
The so-called Taqyeem ...More...
The so-called Taqyeem ...More...
13-04-2010 -
According to the analyst, as the government of Dubai formed a new team for its financial planning, it is being considered as one way in order to regain the trust and confidence of local and foreign investors in UAE.
Actually, the main ...More...
Actually, the main ...More...
13-04-2010 -
There is a real estate company very interested to make an investment here in Dubai. The real name of the company is: Tasweek Real Estate Development and Marketing Company, which is currently based in Abu Dhabi, UAE.
Based on the ...More...
Based on the ...More...
13-04-2010 -
According to the report of ASTECO, there is something good in real estate sector happened and manifested that it has been emerging again from the bottom status in the property market since March 2009 except for the offices.
Based o ...More...
Based o ...More...
12-04-2010 -
Based on the latest survey from one of the real estate websites, Dubai Marina is still the top one in rank as a first choice of investors, renters, and buyers as well; and then followed by Jumeirah Lake Towers, Palm Jumeirah, Jumeirah Beach Residence ...More...
12-04-2010 -
The CEO of Abu Dhabi Commercial Bank said that the creditors of DW will be going to respond within this week to its restructuring proposal of $ 24.8 billion in debt.
Last March 25, the government pledged $ 9.5 billion in cash to Du ...More...
Last March 25, the government pledged $ 9.5 billion in cash to Du ...More...
12-04-2010 -
Since the controversial issue about the huge debt of Dubai World Holding Company, Dubai has created a team which is to make a fund and financial plan at the same time for the above-mentioned company.
According to Jamal Al Marri, directo ...More...
According to Jamal Al Marri, directo ...More...
11-04-2010 -
Emaar Properties, the biggest realty developer in UAE., said that real estate market needs another 12 months in order to recover from the outbreak of economic financial crisis.
According to Mohammed Alabbar, chairman of developer, he said ...More...
According to Mohammed Alabbar, chairman of developer, he said ...More...
11-04-2010 -
According to Deutsche Bank, as the property prices in Dubai continue to decrease because of what we called " oversupply "of demand but, on the other hand , the home rents are continuously holding up its prices with the demand from residents of its ne ...More...
11-04-2010 -
There are 20 Spanish Companies based in Madrid will visit UAE with passion of making investments but they will look first for any investment opportunities when they come here.
The Madrid Chamber of Commerce is the one that has been organ ...More...
The Madrid Chamber of Commerce is the one that has been organ ...More...
11-04-2010 -
Laura Choueri, CEO of Choueri Real Estate, which is a Dubai-based broker company, said that the company has been working with a group of real estate fund managers and each of them shared some amounts and put together in excess of $ 100 million. T ...More...
10-04-2010 -
The largest developer in the region, which is the Emaar Properties, is so far in planning to negotiate and roll over Dh 4.5 billion worth of shortened term debt. The said debt will be due over the next 12 months.
According to analyst ...More...
According to analyst ...More...
Elongation of visa and more loans will somehow entail ‘recovery’ of Real Estate Sector in the market
10-04-2010 -
Experts are suggesting that more loans and elongation of visa for foreign buyers will help recover the property market in United Arab Emirates and so does the state aid. Furthermore, they will help it recover from the controversial crisis in the wo ...More...
10-04-2010 -
According to the Vice Chairman of Emirate fiscal body, he said that the government of Dubai can pay the debt of DW and help even other state-linked firms that may be also facing small issues regarding debts. The government confirmed its support to ...More...
07-04-2010 -
According to Director General of the Finance Ministry, Younis Al Khoori, said that if there is still a crisis to come in Dubai and throughout the world, UAE banks still have enough capital to face it.
Because of the outbreak of ...More...
Because of the outbreak of ...More...
07-04-2010 -
The Emirates Airline and Group said yesterday that its construction for Emirates Park Towers project has been on-going in spite of the current status of Dubai, for it is not so much affected by economic financial crisis in the world. The project ...More...
07-04-2010 -
The Emirates Fortune Group Advisor said that the GCC (Gulf Co-operation Council) fund is planning to invest Dh 500 million in Dubai property but only in non-freehold areas such as Deira and Bur Dubai. The information was stated by the Managing Dire ...More...
06-04-2010 -
Nowadays the investors in Dubai are still hoping that the real estate investments will emerge again little by little in the market regardless of global financial crisis.
Jesse Downs, Director of Research and Advisory Services, said t ...More...
Jesse Downs, Director of Research and Advisory Services, said t ...More...
05-04-2010 -
The chairman of the property developer of Dubai World, which is Nakheel, was replaced by Ali Rashid Ahmad Lootah, the vice chairman of Mashreqbank.
There were also four new members appointed as Board Members. They are as follows: Kh ...More...
There were also four new members appointed as Board Members. They are as follows: Kh ...More...
04-04-2010 -
As the government of Dubai offered $ 9 billion to the main developer of Palm Jumeirah, Nakheel still expressed and showed hope to all investors of the said project.
Nakheel clarifies that some of the amount offered by the governme ...More...
Nakheel clarifies that some of the amount offered by the governme ...More...
01-04-2010 -
Stephen Hestler, the CEO of the Royal Bank of Scotland said that the restructuring proposal of Dubai World for its debt implies a positive development and there is a possibility for it to be accepted by the creditors because of its persistence with t ...More...
01-04-2010 -
With the government of Dubai, the restructuring plan for $23.5 bn of debt owed by Dubai World conglomerate to different creditors was presented last March 25.
After a few months ago, the government and its internal resources offered $ 9. ...More...
After a few months ago, the government and its internal resources offered $ 9. ...More...
01-04-2010 -
Within this year new guidelines for property valuations in Dubai are being planned to be changed in order that the real estate industry in UAE will no longer experience what it has been experiencing so far.
By drafting the appropriate ...More...
By drafting the appropriate ...More...
31-03-2010 -
One of the largest creditors, HSBC, predicted that there will be no hindrance for the state - owned conglomerate Dubai World to deal with its creditors through the presentation of restructuring plan of debts.
Chairman of the Banking Gr ...More...
Chairman of the Banking Gr ...More...
31-03-2010 -
Last November 2009, the Dubai World asked a pardon for its debt payment to investors. When this news came out, the world financial markets surprisingly knew it. For this reason, there would be a slow recovery for real estate investments to boom a ...More...
30-03-2010 -
Yesterday the government spokesperson said that the Dubai World gave a partial guarantee to its creditors.
As the government of Dubai injecting $ 9.5 billion, the Dubai World said that it would repay the debts to its creditors in full with ...More...
As the government of Dubai injecting $ 9.5 billion, the Dubai World said that it would repay the debts to its creditors in full with ...More...
29-03-2010 -
By way of reselling the land given to some UAE nationals, as the government is planning to allow them to do so, it may probably attract some investors who are not active in the property market.
Each owner of either industrial or comm ...More...
Each owner of either industrial or comm ...More...
29-03-2010 -
Based on the positive result after the presentation of restructuring plan of Dubai World, Financial Consultant at Al Fajr Securities, Humam Al Shamaa said that the stock markets in the UAE may receive 17 Billion Dirhams in the next two months ...More...
29-03-2010 -
In order to finish the postponed developments of Dubai World, the developer, Nakheel Company, stated that they needed $ 1.5 billion to be spent so as to continue its construction for the man-made islands called ' The Dubai World '. The Ch ...More...
28-03-2010 -
The creditors of Dubai World expressed themselves that before they will decide to accept the restructuring plan, they have to know first the complete details of the said proposal.
As the result is so positive, they will surely ask about ...More...
As the result is so positive, they will surely ask about ...More...
28-03-2010 -
According to analysts, the restructuring plan of debts for Dubai World and Nakheel could be managed by any banks in the UAE.
The government of Dubai announced its proposals for those 97 banks and financial institutions regarding the rep ...More...
The government of Dubai announced its proposals for those 97 banks and financial institutions regarding the rep ...More...
28-03-2010 -
The support of Dubai government is a big part of its recovery from the economic crisis especially its aid regarding the billion of debts so far of Dubai world to the developer of the project, Nakheel Company. Now Dubai has been implementing the res ...More...
27-03-2010 -
As best known in the world economic markets, Dubai has already moved on. It has been trying to rise again from the negative results of global crisis and bring back its good reputation in the world as the choice of different investors in terms of ...More...
27-03-2010 -
If the creditors accept the debt-restructuring proposal of Dubai World, the sector of Real Estate in Dubai will prosper again.
$ 9.3 billion was implemented by the government of Dubai just as a support to conglomerate Dubai World to pay ...More...
$ 9.3 billion was implemented by the government of Dubai just as a support to conglomerate Dubai World to pay ...More...
27-03-2010 -
Despite of the fact that Dubai has been in the state of surviving from economic crisis and from its huge debt, the Dubai World is still protecting it.
The Dubai government will provide as much as $ 9.5 billion for Dubai World as partial ...More...
The Dubai government will provide as much as $ 9.5 billion for Dubai World as partial ...More...
25-03-2010 -
Last Thursday, the Dubai Government said that $ 9.5 billion will be given as aid for Dubai World, which is a part of its restructuring plan to save from a billion of debt from the banks.
Sheik Ahmed Bin Saeed Al Maktoum, Chairman of Dubai ...More...
Sheik Ahmed Bin Saeed Al Maktoum, Chairman of Dubai ...More...
25-03-2010 -
A few months ago, Dubai shares to the market improved in more than two months and let the investors gain confidence once again regardless of global crisis because of the trusting proposal of Dubai World.
As part of restructu ...More...
As part of restructu ...More...
25-03-2010 -
Last March 23, the plans for restructuring the $26 billion debt by the Debt-Laden-Dubai were presented to creditors.ASAS Chief Investment Officer, Robert McKinnon, said that mostly nowadays people will be looking forward for anything which is n ...More...
25-03-2010 -
One of the property developers in Dubai, which is the Al Barani, is still continuing its transactions in spite of the Economic Crisis in the property market. It means that the said company has not been affected by the outbreak of global crisis. ...More...
16-03-2010 -
According to Governor Sultan Bin Nasser Al Suwaidi said that Dubai will no longer need the support of United Arab Emirates Central Bank; for the Federal Government is capable to face the future crisis.
But after the global credit market ...More...
But after the global credit market ...More...
16-03-2010 -
Through the support of Dubai Land Department, all UAE nationals are eligible to own either industrial or commercial properties. It is generally granted by the Government of Dubai.
Last Monday, Shaik Mohammed Bin Rashid Al Maktoum, th ...More...
Last Monday, Shaik Mohammed Bin Rashid Al Maktoum, th ...More...
16-03-2010 -
The rate status of rentals in Dubai has been starting to recover from financial economic crisis because of the reason that it expanded and gained with almost 6.5 percent on February 2010 compared to last year rate, which was only 6 percent.
...More...
...More...
15-03-2010 -
Chief Executive Markus Giebel, Deyaar Development PJSC, is working with the contractors to agree with the payment plan for 100 million dirhams.
As far as the builders and suppliers are concerned, the Dubai based developer, is having a nego ...More...
As far as the builders and suppliers are concerned, the Dubai based developer, is having a nego ...More...
15-03-2010 -
In spite of the fact the Dubai was one of the affected places of business investments, there are female enterpreneurs and business women having ideas in some ways to help Dubai arise again from the financial economic crisis.
Internatio ...More...
Internatio ...More...
15-03-2010 -
In London, the Developer Pearl Dubai FZ LLC is planning to attract international investments for its $ 4 Billion funds for development in Dubai.
The company is making a business strategy by marketing its residential units for pre-sale to ...More...
The company is making a business strategy by marketing its residential units for pre-sale to ...More...
15-03-2010 -
Yesterday, there were Middle East Markets emerged because of the firm oil prices and positive world sentiment.
The $26 billion in debt of Dubai World is about to repay it through its link to property units, which are the Limitless and Na ...More...
The $26 billion in debt of Dubai World is about to repay it through its link to property units, which are the Limitless and Na ...More...
15-03-2010 -
According to Asteco, the rental of properties in dubai reflects locally and internationally a several years ago.
Al Muraqqabat Apartments were the earliest appointments of Asteco in terms of leasing and management agents last 1985. Becau ...More...
Al Muraqqabat Apartments were the earliest appointments of Asteco in terms of leasing and management agents last 1985. Becau ...More...
15-03-2010 -
Shaik Hamdan Bin Rashid Al Maktoum, the Deputy Ruler of Dubai and Minister of Finance, stated that the Federal Government of UAE is wiiling to help Dubai anytime if ever it needs its support. So far Dubai has not been asking yet for support from th ...More...
15-03-2010 -
There will be one of the biggest property funds being launched by prominent Matrix Property Middle East with the amount of almost 1.1 Billion Dirhams.
The said fund is still in the process so far and is being registered at the Qatar Financ ...More...
The said fund is still in the process so far and is being registered at the Qatar Financ ...More...
14-03-2010 -
Two weeks later, one of the luxurious and prestigious mansions in Palm Jumierah in dubai was purchased by the 11-year old boy.The said propetry worth of $ 44 million.The richest boy was identified by Dubai Land Department Resource as Heydar Aliyev, ...More...
14-03-2010 -
In spite of the pressure caused by the global financial crisis in the Real Estate Investments, Markus Giebel Deyaar, the head of Dubai's second largest developer, said that nobody can underestimate the strength of the Emirates and can rule ou ...More...
16-02-2010 -
Last month, a new bird species was discovered at Abu Dhabi’s Al Wathba Wetland Reserve. Wilson’s Phalarope, Steganopus tricolor, a small wader, is the first ever record of this species in the UAE. This is a remarkable new find because thi ...More...
16-02-2010 -
A senior memeber's of Air France executives gave Abu Dhabi’s tourism a huge vote of confidence following a familiarisation tour of the capital.
This was in advance of the airline’s planned launch of flights from Charles de ...More...
This was in advance of the airline’s planned launch of flights from Charles de ...More...
16-02-2010 -
Nissan Motor Company expects to sell around 20,000 newly-launched 2010 Nissan Patrol sport utility vehicle in a year in the Middle East, its President and Chief Executive Officer Carlos Ghosn said.
The new vehicle will be available across ...More...
The new vehicle will be available across ...More...
16-02-2010 -
Khalifa Abdullah Al AED aheri, acting director of Al Ain Branch, Abu AED abi Chamber of Commerce and Industry, inaugurated on Monday the AED 15 million ‘Danube Buildmart’ in Bawadi Mall, Al Ain.
The new outlet, part of a AED 10 ...More...
The new outlet, part of a AED 10 ...More...
15-02-2010 -
Jumeirah Group, the Dubai-based company and member of Dubai Holding, has signed an agreement with Xanadu Holdings Private Limited to manage Jumeirah Meradhoo, a new five star deluxe resort located in Gaafu Alifu Atoll, south of the Malé Atoll. ...More...
15-02-2010 -
Etihad Airways, has opened 14 additional weekly flight from its Abu Dhabi home-base
to Australia.
Out of these 14, seven weekly flights have been granted to Etihad on the condition that the operation also flies via or onto a regional ai ...More...
Out of these 14, seven weekly flights have been granted to Etihad on the condition that the operation also flies via or onto a regional ai ...More...
15-02-2010 -
Steel and concrete prices plunged last year in Abu AED abi due to economic slowdown, a report said
on Saturday.
The steel prices plummeted 43.9 % while concrete rates declined 13.5 % in the emirate in 2009, according to a report issued ...More...
The steel prices plummeted 43.9 % while concrete rates declined 13.5 % in the emirate in 2009, according to a report issued ...More...
11-02-2010 -
Last month, a new luxury desert resort managed by Banyan Tree opened its doors in Al Wadi, United Arab Emirates.50 % of the new Banyan Tree Al Wadi's 250 acres is set aside as a nature reserve with Arabian gazelles and local antelope called "oryx ...More...
11-02-2010 -
Aabar Investments, which has stakes in a F1 racing team, electric sports cars and space tourism, added executive jets to its portfolio yesterday with a US Dollar's 20 million (AED73.4m) investment in XOJET.
The jet charter company, bas ...More...
The jet charter company, bas ...More...
11-02-2010 -
Dubai Investments subsidiary Glass LLC plans to double its exports to offset demand in the UAE due to the property slump, the company's general manager said.
Faisal Ali Rashid said that his firm expects to double its revenues by end of ...More...
Faisal Ali Rashid said that his firm expects to double its revenues by end of ...More...
11-02-2010 -
A research report titled ‘Abu Dhabi State of the Market’ will be released at a conference participated by a panel of experts, on February 22.
The conference, organised by Investment Boutique, will be moderated by Bloomberg L P& ...More...
The conference, organised by Investment Boutique, will be moderated by Bloomberg L P& ...More...
11-02-2010 -
Biggest bank in the United Arab Emirates, Emirates NBD PJSC more than doubled provisions for bad loans to 3.63 billion AED (US Dollar 988 million) , posted a 9 % drop in full-year profit.
Net income fell to 3.35 billion AED from 3.68 billi ...More...
Net income fell to 3.35 billion AED from 3.68 billi ...More...
10-02-2010 -
Dubai-based Tamweel PJSC has reported on Monday a net profit of Dh11 million in the fourth quarter, compared with a net loss of Dh112.4 million in the year-earlier period, on lower costs of funding.
The company posted a full-year net loss ...More...
The company posted a full-year net loss ...More...
09-02-2010 -
Defence spending in the whole Gulf region is expected to exceed $100 billion by 2014, according to Philip Keating, Business Relations Manager, Injazat Defence Services, Injazat Defence Services is one of the leading defence business and information t ...More...
09-02-2010 -
Prepaid transactions in the UAE are expected to reach a total of $18.4 billion by 2015, surpassing the $17.1 billion projected for the region’s largest economy Saudi Arabia, said Gerard Tilley, chief executive officer of VRL, a cards and paymen ...More...
09-02-2010 -
Dubai Pearl, the 20 million square feet integrated sustainable destination overlooking the Palm Jumeirah, has acquired his pre-certification from the US Green Building Council (USGBC) at the Gold level for Leadership in Energy and Environmental Desig ...More...
09-02-2010 -
Cityscape management announced on Monday that 2010 would be the ninth consecutive year that a Cityscape event will be held in Dubai, but it would be under a new name — Cityscape Global — to acknowledge its place as a significant internati ...More...
08-02-2010 -
Etihad Airways, has announced a new agreement with Tourism Thailand to promote holiday packages to Bangkok, Phuket, Pattaya and Koh Samui.
Peter Baumgartner, chief commercial officer of Etihad, said that as part of a special promotion runn ...More...
Peter Baumgartner, chief commercial officer of Etihad, said that as part of a special promotion runn ...More...
08-02-2010 -
A young and growing population, availability of resources and ample supply of cheap and efficient workforce ensures that the Gulf region will continue to grow at a fast pace for the next 20 years at least, said Dr Khater Massaad, Chief Executive Offi ...More...
08-02-2010 -
Arabtec, a Dubai-based construction company, has given the contract for the construction work of the Yasmeen Rotana Hotel, owned by Al Fajr S. A. of Syria.
Yasmeen Rotana is a 5-star hotel valued at over $120 million with a construction va ...More...
Yasmeen Rotana is a 5-star hotel valued at over $120 million with a construction va ...More...
08-02-2010 -
People who drink two or more sweetened soft drinks a week have a much greater risk of pancreatic cancer, an unusual but deadly cancer, researchers reported on Monday.
People who drank mostly fruit juice instead of sodas did not have the sa ...More...
People who drank mostly fruit juice instead of sodas did not have the sa ...More...
08-02-2010 -
The world’s highest observation deck housed on the 124th floor of Burj Khalifa, has been temporarily closed for “maintenance and upgrade,” as announced on Sunday.
“Due to unexpected high traffic, the observation dec ...More...
“Due to unexpected high traffic, the observation dec ...More...
08-02-2010 -
The Lord Mayor of the City of London on Sunday urged the UAE-based financial institutions to look to the British capital as a partner to raise capital and do business as the city is recovering from the financial crisis.
Nick Anstee, Lord M ...More...
Nick Anstee, Lord M ...More...
08-02-2010 -
His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has ordered to create an establishment for the protection and control of common trade in Dubai.
The order was issued durin ...More...
The order was issued durin ...More...
07-02-2010 -
Commercial production of oil from the newly acquired Al Jalila offshore oilfield could begin next year, the Media Office of the Dubai Government said yesterday.
The new oilfield, named after the daughter of His Highness Shaikh Mohammad Bin ...More...
The new oilfield, named after the daughter of His Highness Shaikh Mohammad Bin ...More...
07-02-2010 -
Etihad Airways will add 3 new aircraft to its fleet and open 3 new routes in 2010. This will push up the fleet strength of the airline to 55 and the number of routes to 57, said James Hogan, Chief Executive Officer, said.
All the 3 new air ...More...
All the 3 new air ...More...
07-02-2010 -
The manufacturers, distributors and suppliers of low voltage household electrical appliances have been given a six month lease of life, to comply with the standardisation requirements and mandatory registration of their products with the Emirates Aut ...More...
07-02-2010 -
The Dubai Department of Economic Development (DED) announced that the Dubai’s economic activities in 2009 continued to surge, highlighting the investors’ trust in the economic opportunities available in the emirate and the UAE.
...More...
...More...
07-02-2010 -
A company has launched and it claims are the UAE's first 100 % biodegradable disposable plates.
LTC International said the move aims to empower UAE consumers to deliver more concrete contributions in efforts to regulate the increasing ...More...
LTC International said the move aims to empower UAE consumers to deliver more concrete contributions in efforts to regulate the increasing ...More...
05-02-2010 -
Financial institutions now require a higher degree of lending money security and conduct in-depth checks to make sure they will be repaid
If you strongly feel you have the capacity to repay a lending money and you are in dire need of cash, ...More...
If you strongly feel you have the capacity to repay a lending money and you are in dire need of cash, ...More...
05-02-2010 -
The UAE overtook Saudi Gulfia to become the largest Gulf exporter of goods and services in 2009 but the kingdom could be back on top in 2010, official figures showed yesterday.
Despite a decline of $63 billion (Dh231.2 billion) in its expo ...More...
Despite a decline of $63 billion (Dh231.2 billion) in its expo ...More...
05-02-2010 -
The Saudi-based Islamic Development Bank plans to issue Islamic bonds, or sukuk, worth a total of $5 billion over this year and for the four following years, its president said on Tuesday.
“We hope to mobilise $1 billion every year b ...More...
“We hope to mobilise $1 billion every year b ...More...
05-02-2010 -
Abu Dhabi Ship Building Company, or known as ADSB, which has emerged as the leading naval shipyard in the Arabian Gulf has made a staggering revenue of about Dh 1.16 billion in 2009 making a significant increase from Dh 842 million earned in the
p ...More...
05-02-2010 -
Air Miles, the world’s leading multi-participant loyalty programme, has announced his launch of its Interactive Voice Response, or IVR, system which is set to provide members with 24 hour service,
365 days a year.
The system &ndas ...More...
The system &ndas ...More...
05-02-2010 -
ABN Amro Bank N.V. will be renamed to The Royal Bank of Scotland N.V. (RBS) on February 6 in the UAE, RBS said which will announced rebranding in the Gulf region in September 2008 after a $102 billion acquisition deal in October 2007.
ABN ...More...
ABN ...More...
04-02-2010 -
ABU DHABI — IKEA UAE, an affiliate of the Al-Futtaim Group, broke ground in the capital for the biggest IKEA retail store in the Middle East on Wednesday, and said it will seek further expansion in other untapped Gulf markets such as Qatar and ...More...
04-02-2010 -
A graduate with an impressive profile carrying a laptop comes back from work and enters a tiny apartment, big enough for not more than two people. But, he has six to seven apartmentmates, waiting for him. The entire apartment is jam-packed. No one el ...More...
04-02-2010 -
The first project costing SR180m, to build on express highway and overpasses connecting Al-Kharj Industrial City with Riyadh-Dallam Road, while a second project costing SR75.5m for setting up Electrical Energy Transmission Station.
The agr ...More...
The agr ...More...
04-02-2010 -
The government of Dubai, which has dwindling oil resources and with a mountain of debt, announced Thursday to discovery of a new off-shore oil field.
The ruler of Dubai, Mohammed bin Rashed al-Maktoum, "heralds the good news to the people ...More...
The ruler of Dubai, Mohammed bin Rashed al-Maktoum, "heralds the good news to the people ...More...
03-02-2010 -
The residential prices in Dubai increased by 0.7percent during the final quarter of last year, in comparison to the third quarter of the same year, reported a recent research.
The increase which reflected in the new Sales Price Index for D ...More...
The increase which reflected in the new Sales Price Index for D ...More...
03-02-2010 -
Responding to the evolving landscape of the airline industry, where economic conditions are putting increased pressure on liquidity, Abu Dhabi's Mubadala Development Company launched a new venture to provide component and engine financing solutio ...More...
03-02-2010 -
Belle Vue Hotels, managed by Jordan-based Amlak Hotels and Tourism Investment Company, has announced there launch of its Dh250 million ($68 million) hospitality venture in Dubai.
The Grand Belle Vue Hotel Apartments, located in the heart o ...More...
The Grand Belle Vue Hotel Apartments, located in the heart o ...More...
03-02-2010 -
As part of its strategic objective of promoting Dubai as an international business hub, and in order to explore new markets for its members, the Dubai Chamber of Commerce & Industry will be launching its quarterly "Country Focus Briefing" with Ch ...More...
03-02-2010 -
Chairman and Chief Executive Officer of Goldman Sachs Group Lloyd Blankfein expressed his confidence in the recovery of the global economy and the future prospects of dynamic economies such as Dubai.
He has emphasised the need for taking a ...More...
He has emphasised the need for taking a ...More...
03-02-2010 -
The biggest and most expensive track in history has already taken 34 months and at least $1.25bn to build; the original construction firm was sacked when the work fell behind schedule; and, when a debt crisis threatened Dubai's eco ...More...
02-02-2010 -
The Qatari flag-carrier has upped services to the Malaysian capital, Kuala Lumpur, from seven to eleven flights a week, while the Indonesian tourist island of Bali will now be served daily via Singapore, from four weekly flights previously.
...More...
...More...
02-02-2010 -
Bayut.com is most comprehensive database of UAE real estate and Dubai properties has now introduced a social networking platform for Dubai property buyers and sellers. Packed with a contemporary features and sections like Q & A, discussions and b ...More...
02-02-2010 -
The Tiger Woods Dubai golf course and luxury-home complex, which was delayed by the emirate's property slump, will be completed as planned. 'We haven't decided yet on a date for its completion or delivery to the market, but the project is ...More...
02-02-2010 -
Buyers and brokers alike were more intent on sealing the deal or moving on to the next than in observing the social niceties.
But the change in fortune for Dubai's property market has brought on more time to reflect and to go about doi ...More...
But the change in fortune for Dubai's property market has brought on more time to reflect and to go about doi ...More...
01-02-2010 -
Owners of affordable housing units have begun issuing notices to all their tenants to vacate the premises as the rent law, which has frozen rents since early 2008, is due for expiry on February 14.But lawyers say no landlord can drive a tenant out if ...More...
01-02-2010 -
Fahad al-Sultan said that the real estate in his country is most important sector after oil, adding that Saudi's gross domestic product had risen 50 percent from 1999 to 2008 as the country witnessed annual average growth of 5 percent.
...More...
...More...
01-02-2010 -
Arabtec, the UAE's biggest contractor in market value, said the contract value is for the first stage of the project, which will take 38 months to complete.
.
The contract for the new tower, which came from Tasameem Real Estate and incl ...More...
.
The contract for the new tower, which came from Tasameem Real Estate and incl ...More...
28-01-2010 -
Dubai developer Union Properties expects 2010 to be better than last year as it completes and hand over projects, and will be look to sell assets to help cover debts, its chairman said on Wednesday.
The 3rd developer by market value in th ...More...
The 3rd developer by market value in th ...More...
28-01-2010 -
A new blog on Dubai Real Estate Market has been launched that caters the needs of investors and general real estate professionals interested in Dubai real estate. Doesn’t matter if they are brokers, lenders, dealers, landlords or any other prop ...More...
28-01-2010 -
Investors were constantly seeking high-quality properties in prime locations of Dubai, due to stability in prices and increase in demand during the past months, say industry sources.
The Senior Investment Consultant at Asteco Property Mana ...More...
The Senior Investment Consultant at Asteco Property Mana ...More...
27-01-2010 -
Emaar's flagship project is significant in many ways. It delivers another iconic structure to Dubai's skyline, complementing the Burj al-Arab in international recognition and plays an arguably even greater role as the anchor project to Emaar& ...More...
27-01-2010 -
Enforcing the real estate agent trust account law in Dubai will ensure real estate agents receive their commissions on time, according to a legal expert.
“Escrow accounts could play a role to ensure that brokers get their commissions ...More...
“Escrow accounts could play a role to ensure that brokers get their commissions ...More...
27-01-2010 -
A new blog on Dubai Real Estate Market has been launched that caters the needs of investors and general real estate professionals interested in Dubai real estate. Doesn’t matter if they are brokers, lenders, dealers, landlords or any other prop ...More...
26-01-2010 -
The lease rates of Burj Khalifa's units, the world's tallest tower, are yet to be established, although analysts believe that the rental rates for commercial spaces in the tower will easily surpass the prevailing rates in other established hi ...More...
26-01-2010 -
The cost of renting a new shop in Dubai is set to fall even further from the 29 per cent it dropped last year, says a report by a property consultancy.<br />Average retail rents fell in the fourth quarter of last year to about Dh264 (US$7 ...More...
The cost of renting a new shop in Dubai is set to fall even further from the 29 per cent it dropped last year, says a report by a property consultancy.<br />Average retail rents fell in the fourth quarter of last year to about Dh264 (US$7 ...More...
26-01-2010 -
The Arab Appraisal Foundation (AAF) will be headquartered in Dubai, said the CEO of the Real Estate Regulatory Agency (Rera).<br />Speaking on the sidelines of a photo exhibition organised by the Land Department to mark 50 years of its establis ...More...
25-01-2010 -
After a few dismal quarters, real estate sale and rental prices in Dubai are stabilising, two new reports highlighted yesterday, pointing to an equilibrium being reached in the emirate's property market.
HC Securities' latest review o ...More...
HC Securities' latest review o ...More...
25-01-2010 -
Strong growth in Abu Dhabi is expected to fuel a 2.5-percent increase in real Gross Domestic Product in the Emirates in 2010, a Dubai-based financial services company forecast in a report released on Monday.
"We expect the Emirates to emerge ...More...
"We expect the Emirates to emerge ...More...
24-01-2010 -
Dubai's Emaar Properties (EMAR.DU) opened the world's tallest tower on Monday, marking the completion of the last of its big local landmark projects and the start of a new strategy which is expected to focus on overseas projects, hotels and hosp ...More...
24-01-2010 -
Robin Teh, director, Valuations & Research, said the arrival of several investment funds targeting distressed sales, especially in Dubai, was a sign that the country's real estate market was bottoming out.<br />
"This is usually th ...More...
"This is usually th ...More...
21-01-2010 -
A new agreement between the Real Estate Regulatory Agency and the Ministry of Labour in Dubai is set to increase transparency and professionalism in the emirate’s property market, it is claimed.
The deal will see real estate brokers in the ...More...
The deal will see real estate brokers in the ...More...
21-01-2010 -
The lease rates for units at Burj Khalifa, the world's tallest tower, are yet to be established, although analysts believe that the rental rates for commercial spaces in the tower will easily surpass the prevailing rates in other established high ...More...
30-09-2009 -
The most coveted title that only the chief executive officer of Emaar Hospitality Group and Emaar Hotel & Resorts proudly received the “CEO of the Year 2009” award particularly in the Middle East.
Marc Dardenne’s involve ...More...
Marc Dardenne’s involve ...More...
27-07-2009 -
By the end of this year, it has been promised by major developer Union Properties (UP) to hand over its remaining residential units in Dubai’s MotorCity development.
850 units has already been completed by the organization within that 2 ...More...
850 units has already been completed by the organization within that 2 ...More...
27-07-2009 -
For the record, Dubai’s best one-day gain since February with a listed stocks that rose by up to 5.23%, as investors fortune back into worn out financial and property shares.
As the company who manages the exchange, Dubai Financial Mark ...More...
As the company who manages the exchange, Dubai Financial Mark ...More...
27-07-2009 -
Cornelia Erhardt, Radisson Blu Residence, Dubai Marina GM, stated that the Serviced Apartment idea shows flexible to the ambiance during summer characteristically notice in Dubai, UAE.
When Hotelier Middle East held a committee meeting, Erhar ...More...
When Hotelier Middle East held a committee meeting, Erhar ...More...
26-07-2009 -
As the flagship property of Jebel Ali International Hotels, Jebel Ali Golf Resort & Spa join forces with the new diving center managed by Al Boom will be opening soon.
With its launching, Jebel Ali Golf Resort & Spa offers the best se ...More...
With its launching, Jebel Ali Golf Resort & Spa offers the best se ...More...
26-07-2009 -
Since January of this year, Dubai Property Market is indicating an early recovery as it is projected to start near the beginning of 2010.
Property prices in Jumeirah Village in particular rise by up to 5% to 30% from their low point this year ...More...
Property prices in Jumeirah Village in particular rise by up to 5% to 30% from their low point this year ...More...
26-07-2009 -
Du, a Telcoms firm in the United Arab Emirates, posted their 2nd Quarter net profit of AED57.65 million ($15.7 million).
Consequently during the period of 2008, the net income came up to 231.5% from a loss of AED43.84 million.
Du, ...More...
Consequently during the period of 2008, the net income came up to 231.5% from a loss of AED43.84 million.
Du, ...More...
26-07-2009 -
Dubai sets up and has issued a ruling in the second half of a $20 billion assistance that intends to control companies during the global credit crisis. This is for the purpose of how to manage the earnings.
Department of Finance of the emirat ...More...
Department of Finance of the emirat ...More...
25-07-2009 -
Despite of global recession, Dubai-based engineering firm, Drake & Skull is wrapping up its conciliation for the acquisition of the two construction companies as it takes hold of the development opportunities in the economic slump.
The pr ...More...
The pr ...More...
23-07-2009 -
One of the five-star hotels in Dubai like Al Murooj Rotana has united influences for the encouragement in aid of “Dubai Green Tourism Award 2009”. Launched by Government of Dubai, DTCM by its initiative validated the involvement.
...More...
...More...
21-07-2009 -
Technology and Real Estate has been trying to unite by Abu Dhabi’s firm, considered to be the huge venture with the Mercedez-Benz maker Daimler of Austria.
Two-thirds property owner of the new Austrian-based company, Aabar Investment, w ...More...
Two-thirds property owner of the new Austrian-based company, Aabar Investment, w ...More...
21-07-2009 -
When the market is all set, DREC or Dubai Real Estate Corporation will proffer a number of projects in the upcoming year specifically next year, with its two mega-projects.
The project will be developed by Wasl, the DREC’s asset managem ...More...
The project will be developed by Wasl, the DREC’s asset managem ...More...
20-07-2009 -
Recently, Coldwell Banker UAE headquarter opened last October 2008 located in an esteemed Downtown Burj Dubai, as well as at the Arabian Ranches Community Center in a global real estate brand.
And now, announcing the newest location at the Du ...More...
And now, announcing the newest location at the Du ...More...
20-07-2009 -
Regardless of the financial crisis that causes project slowdown and slower development, young populations and monetary development objectives mean that demand for real estate in the Middle East and even in North Africa remains soaring.
Middle ...More...
Middle ...More...
18-07-2009 -
Dubai based 5-star hotel, Al Bustan Rotana , recently organized an on-the-job training programs for students from hotel schools, conveying experience in dealing with hospitality to the guests, likewise learn about the 5 star property’s functions.< ...More...
18-07-2009 -
Dubai World, owner of the ship and the South Africa came up with a decision that the QE2 will be staying most likely for the short term in Cape Town Harbor.
South Africa’s Department of Environmental Affairs and Tourism, spokeswoman sta ...More...
South Africa’s Department of Environmental Affairs and Tourism, spokeswoman sta ...More...
18-07-2009 -
Market around the world specifically on properties are being enthusiastically presented in International Property Investors recommended to take advantage of the good deal.
Shakeel Barok, Chief Operating Officer at Hamptons International, stat ...More...
Shakeel Barok, Chief Operating Officer at Hamptons International, stat ...More...
16-07-2009 -
Residential units in the area known as “New Dubai” during the second half of 2009 from Asteco, is on the go.
Dubai’s apartment and villa sales prices reduces with an average of 15% and 13% respectively. The noteworthy delay ...More...
Dubai’s apartment and villa sales prices reduces with an average of 15% and 13% respectively. The noteworthy delay ...More...
16-07-2009 -
Now a days because of the weather in summer, fire is very possible in anytime. And recently Al Bustan Center and Residence, a luxurious property which offers top-notch services and facilities in the city of Dubai thought to exercise a fire safety drill ...More...
14-07-2009 -
The world’s tallest skyscraper, the Burj Dubai, is set to open this year, stated by the Emaar Properties who is in charge of the development.
The 2,600 foot (800 m) tower will be open to the public sometime on September, but there&rsquo ...More...
The 2,600 foot (800 m) tower will be open to the public sometime on September, but there&rsquo ...More...
12-07-2009 -
Roads and Transport Authority (RTA) has an additional service that will processed by the Customer Service Centers Department at Corporate Administrative Support Service Sector. This new service to the public is deliverable across Dubai allowing the publ ...More...
05-07-2009 -
Lately, IFA Hotels & Resorts (IFA HR) obtained Boschendal Limited in South Africa furthermore built up its awareness by 5.25% rising its investment to 37.33%. The company is present in 13 market across 4 continents like; in Kuwait, Dubai, Lebanon, t ...More...
05-07-2009 -
The deluxe hotel apartments, Al Bustan Center and Residence that provides world class services and facilities in the heart of Dubai launches the “Green Planting and Gardening Campaign” as part of its continuing Responsible Awareness Programm ...More...
04-07-2009 -
Dubai Properties LLC announced its appointment of Salwan LLC, are both supplementary of Dubai Properties Group (DPG), to supply wide-ranging property management services to a worth AED3 billion Executive Towers development at Business Bay.
Th ...More...
Th ...More...
04-07-2009 -
The asset management group, “wasl”,owned by Dubai Real Estate Corporation has organized 10 Scholarship for UAE nationals to pursue graduate studies in various faculties at the American University in Dubai. The whole courses of the 1st year w ...More...
04-07-2009 -
Dubai’s ruler is summing up for the possible bid to host the Olympic Games in 2020 as it is foreseen to boost up the deteriorating property market especially of Dubai.
Currently, emirate’s bid to host is in a state of meticulousne ...More...
Currently, emirate’s bid to host is in a state of meticulousne ...More...
04-07-2009 -
Rakeen, a Property Developer will be starting the project in August as the 2nd phase of Al Marjan in Ras Al Khaimah an infrastructure work that worth AED365 million.
A contracting and engineering company, Rizzani, was awarded for its infrastr ...More...
A contracting and engineering company, Rizzani, was awarded for its infrastr ...More...
02-07-2009 -
Investors of German and Austrian in Boris Becker, Niki Lauda & Michael Shumacher Towers is asking for refund as it was supposed to be used for constructing of the three towers.
The investments would then be reimbursed from the capital pro ...More...
The investments would then be reimbursed from the capital pro ...More...
01-07-2009 -
If signs are to be assumed, where economies of BCC nations, especially in UAE, are fast approaching to its usual within next six months. High oil prices and stable property sector are the main thing that bringing about a new life of kind in the UAE, spe ...More...
01-07-2009 -
The two major emirates of the UAE (Abu Dhabi and Dubai) first time in history that their retail rents collapse at least a decade in the 1st Quarter.
Dubai has 11% as their cost of leasing while 3.5% in Abu Dhabi in the first 3 months of this ...More...
Dubai has 11% as their cost of leasing while 3.5% in Abu Dhabi in the first 3 months of this ...More...
30-06-2009 -
The impressive project “The Villa” of Al Mazaya Holding has finally finished. It is the major stages of development and construction that comprises of 700 residential villas with modern designs that will accommodate to the needs of residenti ...More...
30-06-2009 -
“New chapter in the history of real estate globally” is the sign and interpretation of Emaar Properties joint venture during the announcement with the three government-related developers.
Nonetheless, Middle Eastern’s bigges ...More...
Nonetheless, Middle Eastern’s bigges ...More...
30-06-2009 -
Rental prices in Dubai recovered marginally in June as a result of troubled sales, suggesting the market may have bottomed out.
In June the average apartment and villa prices rose by approximately 6.5% to AED1,285 ($350) /sq.ft. and the avera ...More...
In June the average apartment and villa prices rose by approximately 6.5% to AED1,285 ($350) /sq.ft. and the avera ...More...
29-06-2009 -
Ras Al Khaimah Investment Authority (RAKIA) , the organization, decided to establish a property controller in order to protect the investors and to make sure construction funds are not tainted.
RERA will be under RAKIA where they’ll sup ...More...
RERA will be under RAKIA where they’ll sup ...More...
29-06-2009 -
Dubai is starting to take up on prices in some properties in the most attractive areas, agents stated that only the economic mishap are the one delaying the developments.
Whilst agents are always very eager to project the positive side of the ...More...
Whilst agents are always very eager to project the positive side of the ...More...
25-06-2009 -
Considered to be regions’ largest real estate agency, Better Homes, received some positive results over the past two weeks. After a plunge from previous months with regards to the affect of the global financial crisis particularly in the UAE both ...More...
25-06-2009 -
Deyaar Development raises half of a US$136 million (AED500 million) fund in order to purchase troubled properties.
Markus Giebel, CEO, stated, “The fund is subscribed by a mix of local and overseas investors and would buy back distresse ...More...
Markus Giebel, CEO, stated, “The fund is subscribed by a mix of local and overseas investors and would buy back distresse ...More...
23-06-2009 -
Emaar Properties PJSC of Dubai, UAE through its subsidiary the Emirates Property Holdings Limited got the chance to get hold of the liability or debt entrusted to Golden Ace Pte. Ltd. by its financier with the amount of US$ 122 million.
The l ...More...
The l ...More...
23-06-2009 -
Emaar Properties and Standard Chartered Bank joints to offer two mortgage products, namely: Asset Back Lending (ABL) Product and Standard Mortgage Product (SMP). The first one offers an easy loan of up to 40% of the property price with mortgage of Dhs10 ...More...
22-06-2009 -
Multinational and Government-owned Dubai World has hired the service of AlixPartners, the turnaround specialist who are giving advice on the General Motors bankruptcy.
Prior to the end of the year when the $3.5 billion Islamic bond comes due, ...More...
Prior to the end of the year when the $3.5 billion Islamic bond comes due, ...More...
22-06-2009 -
Nakheel, Dubai’s main developer just announced their lower service charge budget for its Discovery Gardens community. New rate has been formally agreed upon with the Dubai Property Market Regulator , RERA, following a detailed study of capacity an ...More...
22-06-2009 -
Real Estate Developer, DAMAC Properties awards a Dhs7.5 million enabling work contract for its Marina Bay development at Al Reem Island in Abu Dhabi to National Dewatering and Drainage Services. They will start the real estate project soon.
T ...More...
T ...More...
21-06-2009 -
Holy month of Ramadan is fast approaching, mostly regional travelers prefer Dubai as their summer get away even just for a short time. Travel discounts and activities are on offers in the UAE as Hyatt Executives consider.
Thierry Bertin, Vice ...More...
Thierry Bertin, Vice ...More...
15-06-2009 -
Emaar clarifies its involvement in Kingdom Holding’s project, stated that “they will not invest in any projects of this sort” and furthermore, that it signed a contract with Jeddah Economic Company, and would, “only offer managem ...More...
15-06-2009 -
Based from the survey conducted, Wealthy investors in the UAE are most probably grow their real estate investment in the approaching 12 months compared with other countries.
31% of wealthy investors in the UAE expressed that they’ll see ...More...
31% of wealthy investors in the UAE expressed that they’ll see ...More...
15-06-2009 -
Built up by publication, UAE markets seems to be enticing and aims higher outlook of investors or shareholders engaging mega projects in some major real estate company in Saudi Arabia.
Naming a few, Saudi-based Kingdom Holding Co’s stat ...More...
Naming a few, Saudi-based Kingdom Holding Co’s stat ...More...
15-06-2009 -
Saudi’s Kingdom Holding Co. chose Dubai-based Emaar Properties to be in-charge or the main developer of a real estate project that features the world’s tallest property.
The 95% owned project by billionaire Prince Al Waleed Bin Ta ...More...
The 95% owned project by billionaire Prince Al Waleed Bin Ta ...More...
11-06-2009 -
Moody’s Investors Service – Dubai Inc.’s chances on credit ratings when given a facelift will provide a spark of hope for the emirate that went from boom to bust during the financial crisis.
According to Philipp Lotter, Seni ...More...
According to Philipp Lotter, Seni ...More...
11-06-2009 -
Executive Chairman, Dubai Luxury Hotelier Jumeirah, stated Tuesday, anticipates disclosure control of recruitment by the end of the year of new hotels, the opening is on 2010, and seeking to operate of up to 30 hotels by 2013.
Gerald Lawless, ...More...
Gerald Lawless, ...More...
08-06-2009 -
Leading German company in the real estate sector, Casamia Star Gesamtplanung Real Estate L.L.C announcing today that the company aspires to concentrate on its real estate business as part of its efforts to improve furthermore its presence in the regiona ...More...
08-06-2009 -
Ibis Mall of the Emirates enters Dubai’s hotel property market, comprises of 204 modern-day style rooms (153 double rooms, 49 twin-bedrooms, and 2 special needs room).
The trendy and lavish Ibis Mall of the Emirates’ location is i ...More...
The trendy and lavish Ibis Mall of the Emirates’ location is i ...More...
08-06-2009 -
HH Shaikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has given a 5-year extra time for the construction on the land granted on UAE Nationals.
Those who have acquired (UAE Nationals) the la ...More...
Those who have acquired (UAE Nationals) the la ...More...
08-06-2009 -
Government of Dubai Law No. 9 of 2009 established for the purpose and interest of property developers from investors who cancel their contracts before the completion of the projects of real estates.
Global recession’s outcome, sharp sho ...More...
Global recession’s outcome, sharp sho ...More...
04-06-2009 -
Today is the proclamation of the company, Deyaar Development, PJSC, a regional real estate company devoted to modernism, customer care and long-term sustainable growth. They will entrust shortly this month all of their 470 residential units at four (4) ...More...
03-06-2009 -
It is a thrilling time for the Saudi Property Market, in looking at a quantity of the excesses and fruitless property developments witnessed in the GCC countries, together with conspicuous demographics demonstrating that the flourishing in the Kingdom o ...More...
02-06-2009 -
Indexes of Dubai and Abu Dhabi reach 24-week closing highs, however some of the conclusions in the early hours of the sessions were wear away as it repeatedly failed to smash above 2,000 points.Benchmark of Dubai rose 2.1% to 1,960 points believe to be ...More...
02-06-2009 -
One of United Arab Emirates’ largest property developer, Emaar Properties, PJSC, soared to the highest point in over six (6) months on speculation, the worst in the region’s real-estate market is ended.
The shares advanced 10% in ...More...
The shares advanced 10% in ...More...
02-06-2009 -
Burj Al Alam, a real estate property that worth Dhs2.5 billion is up for completion by 2012. Originally, the real estate project launched in 2006 in Dubai and was set to finish by 2009, but due to some unexpected circumstances in the field of UAE’ ...More...
02-06-2009 -
Kuwait-based Global Investment House is up to 9.50%. They posted the major profit at another upbeat day the Dubai Financial Market (DFM).
The DFM General Index prolonged its gains from the other day. It closed to 2.21% higher at 1,919.60 poin ...More...
The DFM General Index prolonged its gains from the other day. It closed to 2.21% higher at 1,919.60 poin ...More...
01-06-2009 -
The two former property salesmen were sentenced to three years in prison and penalized worth Dhs3.8 million (US$1million) for pilfering Dhs3.08 million in an illegal charges.
Both were former worker of the developer Nakheel, namely KM,28, an ...More...
Both were former worker of the developer Nakheel, namely KM,28, an ...More...
01-06-2009 -
Nakheel, the state-owned developer of 3 Palm-tree shaped man-made islands in Dubai made a unification with the property section Dubai Multi-Commodities Center (DMCC).
Spokesman of DMCC uttered, “Property-related operations have been int ...More...
Spokesman of DMCC uttered, “Property-related operations have been int ...More...
01-06-2009 -
In a report released from HSBC, Dubai property market is beginning to become stable.
A once-booming property sector in Dubai has fallen off dramatically as a result of the global financial crisis, as prices plunge, developers cancel projects ...More...
A once-booming property sector in Dubai has fallen off dramatically as a result of the global financial crisis, as prices plunge, developers cancel projects ...More...
01-06-2009 -
Last week amid investor concerns about the viability of his Dubai property project, Sulaiman Al Fahim launched his bid for Portsmouth. Fahim’s Hydra Properties – Hydra Village, the flagship with 2500 villa development was due for completion ...More...
01-06-2009 -
Over 100 would-be property buyers grace with their presents in Dubai’s first real estate public sale but the lots failed to attain reserve prices and unfortunately didn’t sell.
The auction was organized by Mandania Real Estate, a ...More...
The auction was organized by Mandania Real Estate, a ...More...
01-06-2009 -
Dubai’s house prices has reach its biggest downturn among global property markets in the Q1 (First Quarter) as an outcome of the economic crisis. “On a quarterly basis, the most dramatic fall in prices were documented by Dubai (40%) and Sing