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..

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..

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..

Dh600 million contract awarded for The Royal Estates real estate development in Dubai

Saturday, March 28th, 2009 Posted in Dubai Real Estate News | No Comments »

Aristocrat Star Investments, a multi-diversified business group, has announced it had awarded a Dh600 million contract for its signature real estate project in Dubai - The Royal Estates to Power ... 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..

Karachi: Work on Corridor-III in Gulshan-e-Iqbal begins

Monday, March 16th, 2009 Posted in Pakistan Real Estate News | No Comments »

KARACHI: Gulshan-e-Iqbal Town has started the construction of the elevated U-turn part of the Signal Free Corridor-III that falls in the town’s limits and was allocated as a part of ... Read more..

Arabtec eyes Egyptian real estate market for expansion

Thursday, March 12th, 2009 Posted in UAE Real Estate | No Comments »

Arabtec, UAE's largest contractor for construction and real estate industry, is targeting 5 projects in Egypt as it looks to expand in the region. Read more..

All real estate transactions in Ajman to specify role of ARRA

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

According to top government official, sales and purchase agreements in Ajman will incorporate certain clauses that will specify the role and jurisdiction of Ajman Real Estate Regulatory Agency (ARRA). 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..

New housing units set to enter the Dubai real estate market over next 2 years

Tuesday, March 10th, 2009 Posted in Dubai Real Estate News | No Comments »

Despite the global financial downturn, new housing units are set to enter the Dubai real estate market over the next 2 years. Approximately 32,000 new residential units were completed in ... 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..

$200mn worth wholesale property, Dubai Food City, planned in Dubai

Wednesday, February 25th, 2009 Posted in Dubai Real Estate News | No Comments »

Dubai Food City worth $200 million (Dh734 million) is in the planning stages, according to industry experts. Wholesale property will be a five million square foot self-contained development, aimed ... Read more..

Nakheel Hotels receives gift of royal cup & saucer and steamer blanket from QE2’s predecessor

Tuesday, February 24th, 2009 Posted in Dubai Real Estate News | No Comments »

Nakheel Hotels, the owners of the world's best-loved ocean liner QE2, has received the generous gift of a royal cup and saucer and steamer blanket from QE2's predecessor, Cunard's RMS ... Read more..

Dubai property deals hit Dh1.79b last week

Friday, February 6th, 2009 Posted in Dubai Real Estate | No Comments »

Dubai: The value of land transactions in Dubai last week reached Dh1.79 billion, of which sales exceeded Dh1.05 billion. The value of mortgages during the period was Dh739.63 million. Read more..

UAE construction sector on track

Friday, February 6th, 2009 Posted in Dubai Real Estate News | No Comments »

Dubai: Work on Dh2.56 trillion ($698 billion) worth of civil construction projects in the UAE is still progressing full steam ahead, despite the current economic climate, research shows. Read more..

Investment advisers bullish on bonds, gold

Tuesday, February 3rd, 2009 Posted in Business | No Comments »

Dubai: Stick to cash, corporate bonds and gold: this is the best advice one could give to wealthy individuals, as most investors scramble to find a better solution ... Read more..

IMF predicts 29 per cent economic growth for Qatar in 2009

Monday, February 2nd, 2009 Posted in International Real Estate | 1 Comment »

According to the International Monetary Fund (IMF), Qatar's economy will grow by 29% in 2009, the fastest rate in more than a decade, as natural gas production almost doubles. The ... Read more..

No ‘one villa, one family’ rule in Dubai

Monday, February 2nd, 2009 Posted in Dubai Real Estate News | No Comments »

Dubai: There is no "one villa, one family" rule in Dubai and the campaign against overcrowded villas has been misunderstood, a top civil official said on Sunday. Read more..

Investors in a dilemma as Jehaan project changes hands

Saturday, January 31st, 2009 Posted in Dubai Real Estate News | No Comments »

Dubai: Owner and chairman of property developer Aspire Real Estate, Harry Kantaria, is handing over his company's Dh530 million Jehaan project to a third party. Read more..

Investments in Dubai’s real estate top Dh58b

Thursday, January 29th, 2009 Posted in Dubai Real Estate News, Global Financial Crisis | No Comments »

Dubai: Total investments in Dubai's real estate sector exceeded Dh58 billion during the last quarter of 2008, representing a drop in comparison to the previous quarter of 2008, according ... Read more..

UAE financial markets continue fine run

Wednesday, January 28th, 2009 Posted in UAE Real Estate | No Comments »

Dubai: UAE markets advanced for the third consecutive day this week, tracking gains in the global and regional markets and crude price holding steady. Read more..

Rent contracts need exit path

Wednesday, January 28th, 2009 Posted in Dubai Real Estate News | No Comments »

Dubai: Tenants suffering the impact of the financial situation should be allowed to terminate their leases without hassle, especially those paying annual rents with a single cheque, legal experts say. Read more..

Abu Dhabi plans to inject more liquidity

Wednesday, January 28th, 2009 Posted in UAE Real Estate | No Comments »

Abu Dhabi: Abu Dhabi plans to inject more liquidity through the banking system into the market to ease the impact of the global financial crisis, Shaikh Sultan Bin Khalifa Al ... Read more..

Development schemes contractors, MDA want upward revision of project cost

Wednesday, January 28th, 2009 Posted in Pakistan Real Estate News | No Comments »

MULTAN (January 27 2009): The contractors engaged in construction of different development projects of government departments and Multan Development Authority (MDA) have submitted a request for an upward revision ... Read more..