Cost of living rises for expats in Abu Dhabi and Dubai

Tuesday, July 7th, 2009 Posted in UAE Real Estate | No Comments »

Dubai: The new Cost of Living Survey from global HR consulting firm Mercer has revealed Dubai as the most expensive city in the GCC for expats to live ... Read more..

Tamweel Posts Dh40m first-quarter net loss as property income slumps

Saturday, May 30th, 2009 Posted in Middle East Real Estate | No Comments »

Dubai: Dubai Islamic mortgage provider Tamweel said on Thursday it made a Dh40.76 million net loss in the first quarter as income from properties held for sale slumped and it ... Read more..

Abu Dhabi Gets a Sampler of World Art

Wednesday, May 27th, 2009 Posted in Dubai Real Estate News | No Comments »

The public on Tuesday got its first peek at some of the art that will fill the Louvre Abu Dhabi, the 260,000-square-foot museum designed by the French architect Jean ... Read more..

Abu Dhabi real estate firm starts 2009 on a positive note

Wednesday, April 29th, 2009 Posted in Dubai Real Estate | No Comments »

Abu Dhabi's leading real estate firm, Sorouh Real Estate PJSC announced its results for the first quarter of 2009. Net profit for the 1st quarter 2009 was Dh130.4m representing an ... Read more..

Al Jaber wins major Dubai airport Concourse 3 deal

Tuesday, April 28th, 2009 Posted in Business | No Comments »

Abu Dhabi: Al Jaber Engineering and Contracting (Alec) has been awarded a Dh4.3-billion contract to build Concourse 3 of Dubai International Airport, Fatima Obaid Al Jaber, the chief operating officer ... Read more..

Pakistan offers security to investors

Tuesday, April 21st, 2009 Posted in Pakistan Property | 1 Comment »

Dubai: Pakistan will provide constitutional cover to protect local and foreign investments in the country, a top government official has said. Read more..

UAE confident of bouncing back

Tuesday, April 21st, 2009 Posted in Dubai Real Estate News | No Comments »

Confidence is a fragile thing that can swing wildly from being upbeat and willing to take the calculated risks that drive an economy to suddenly evaporating and putting new projects ... Read more..

Cityscape Abu Dhabi to be bigger than ever

Sunday, April 19th, 2009 Posted in Dubai Real Estate | No Comments »

According to the organizers, with the global economic slowdown dampening enthusiasm for short-term speculative property investment, Cityscape Abu Dhabi, which opens today, is going back to its roots. Despite the ... Read more..

Rothschild to advise on Dubai fund

Saturday, April 4th, 2009 Posted in Business | No Comments »

Dubai: The Dubai Department of Finance said it has appointed Rothschild to advise on the establishment of a financial support fund for which $10 billion of five-year bonds have already ... Read more..

UAE economy to shrink further

Friday, March 20th, 2009 Posted in Dubai Real Estate | No Comments »

Dubai: The UAE economy will contract further in the coming months, due to the impact of the global financial turmoil, Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, said ... Read more..

Amlak-Tamweel issue in final stage

Friday, March 20th, 2009 Posted in Dubai Real Estate | No Comments »

Dubai: A possible merger of the UAE's largest Islamic mortgage providers, Amlak Finance and Tamweel, is in the final stages of being resolved, while the liquidation option has ... Read more..

Hilton Hotels to bring new luxury brand to UAE

Saturday, March 14th, 2009 Posted in People & Places | No Comments »

Hilton Hotels Corp owned by Blackstone Group LP, has launched new luxury hotel brand Denizen catering to "globally conscious modern travelers of the world'' and confirmed that active negotiations are ... Read more..

Merger of four major banks in UAE to create Emirates Development Bank

Wednesday, March 11th, 2009 Posted in Business, Global Financial Crisis | No Comments »

Emirates Industrial Bank, specialized financial institution based in the UAE, will be merged with the Real Estate Bank, the government-owned entity specialized in facilitating real estate credit for establishments and ... Read more..

Al Barari real estate development in Dubai to have luxury apartments

Wednesday, March 11th, 2009 Posted in Dubai Real Estate News | No Comments »

Al Barari, luxury residential real estate development located in New Dubai, is set to have around 500 apartments built during the second phase. The second phase of the project will ... Read more..

Al Ain Classics Festival kick starts to highlight cultural aspect of oasis city

Tuesday, March 10th, 2009 Posted in Trade Shows & Exhibitions | No Comments »

The 9th edition of the Al Ain Classics Festival, taking place from March 5-20, 2009, has kick started under the patronage of HH Sheikh Abdullah Bin Zayed Al Nahyan, Minister ... Read more..

Abu Dhabi hosts first Cityscape Connect business breakfast

Friday, March 6th, 2009 Posted in Middle East Real Estate | No Comments »

  Leading real estate and development experts have expressed strong confidence in the continued growth of the Abu Dhabi property sector based on stable and genuine market demand rather than speculation. ... Read more..

Abu Dhabi to focus on eco-tourism

Friday, March 6th, 2009 Posted in People & Places | No Comments »

Tourism development and environment conservation must go hand in hand, a senior official said. Calling environmental management an integral part of tourism development, he said that natural resources conservation is ... Read more..

UAE real estate sector to experience healthy changes in medium term

Wednesday, March 4th, 2009 Posted in Dubai Real Estate | No Comments »

According to senior real estate and construction executives attending Abu Dhabi Economic Forum, the UAE real estate industry will adopt effective policies that will help it emerge stronger ... Read more..

Abu Dhabi Al Maabar to build $10 billion worth real estate project in Jordan

Tuesday, March 3rd, 2009 Posted in UAE Real Estate | No Comments »

Al Maabar International Investments, Abu Dhabi-based property developer, has revealed plans to develop $10 billion worth waterfront real estate and tourism project in Jordan. Al Maabar would see development in ... Read more..

UAE investments to remain robust

Tuesday, March 3rd, 2009 Posted in UAE Real Estate | No Comments »

UAE's economic growth will pick up next year and investments will remain strong, according to a top government official. The huge investment in knowledge-based economy will make Abu Dhabi an ... Read more..

Abu Dhabi to have space centre soon

Saturday, February 28th, 2009 Posted in People & Places | 1 Comment »

Abu Dhabi will soon set up the largest space centre in the Middle East and North Africa (MENA) that will receive, analyse and utilize data from satellites orbiting the earth. ... Read more..

Abu Dhabi announces metro network for the emirate

Saturday, February 28th, 2009 Posted in People & Places | No Comments »

Abu Dhabi, following in the footsteps of Dubai, has announced plans to build a metro network. The Abu Dhabi Department of Transport has invited leading international consultancies to prepare a ... Read more..

Monthly progress reports for 875 projects

Thursday, February 26th, 2009 Posted in Dubai Real Estate News | No Comments »

Dubai: Dubai's Real Estate Regulatory Authority (Rera) will plot the progress of every single project underway in Dubai on their website starting next week. "There will be a monthly report for ... Read more..

Spotlight on Abu Dhabi to emerge as cultural capital with visionary real estate projects

Saturday, February 21st, 2009 Posted in Middle East Real Estate | No Comments »

According to Rohan Marwaha, MD of the Cityscape series, the spotlight has turned on Abu Dhabi as an emerging cultural capital focused on developing visionary real estate projects based on ... Read more..

Tourism realty developer in Abu Dhabi awards contract worth Dh142mn for marine works

Wednesday, February 18th, 2009 Posted in Dubai Real Estate News | No Comments »

Developer of major Abu Dhabi tourism-related properties, Tourism Development and Investment Company (TDIC) awards a Dh142 million ($39 million) marine works contract to AST, a UAE-based contractor. The contract covers ... Read more..