UK investors in Dubai might lose millions of pounds

Sunday, May 24th, 2009 Posted in UAE Real Estate | No Comments »

Britons investing in Dubai real estate sector might lose millions of pounds due to falling house prices and new rules on unbuilt properties. A group of 800 British investors who bought ... Read more..

Property prices in Dubai reports decline of 41% for Q1 of 2009: Colliers International

Tuesday, April 28th, 2009 Posted in Dubai Real Estate | No Comments »

Colliers International, the global real estate consultancy, has released the Dubai House Price Index (HPI) for Q1 2009, which indicates a decline in the overall index of 41% for ... Read more..

Abu Dhabi Airports Company grabs honors for providing excellent quality

Thursday, April 2nd, 2009 Posted in People & Places | No Comments »

Abu Dhabi Airports Company (ADAC) is the only airport in the Arab region to be named in the Airports Council International's (ACI) Airport Service Quality Survey. This accolade is testament ... 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..

Qatar property market will continue to grow in medium term outlook DAMAC

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

DAMAC Properties, Dubai-based luxury lifestyle provider, has affirmed that the demand in the Qatar's property market will continue to grow in medium term outlook even as other markets start to ... Read more..

Property owners have started to enter their homes in Victory Heights, Dubai Sports City

Thursday, March 26th, 2009 Posted in Dubai Real Estate News | 1 Comment »

Since the homeowners' event in late January 2009 handing over the first villas to property owners of the Victory Heights' luxury golf residential real estate development in Dubai, the first ... Read more..

Federal real estate regulatory body planned in UAE

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

UAE Government will establish a federal real estate regulatory authority to effectively control property developers, the minister of state for financial affairs said. The House voiced concern over foreign property ... Read more..

Deyaar to consolidate and deliver real estate projects in next 3 years

Thursday, March 19th, 2009 Posted in Dubai Real Estate News | No Comments »

Deyaar Development, Dubai's fastest growing real estate companies, has presented further details of its 2009 business strategy, including specific projects to be considered for consolidation and total area of units ... Read more..

Tanmiyat to revise payment plan for Living Legends real estate project in Dubailand

Tuesday, March 17th, 2009 Posted in Dubai Real Estate News | No Comments »

Tanmiyat, the real estate developer of Living Legends in Dubailand, has announced that it will be suspend the collection of all payments and installments for the project until a revised ... 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..

Dubai International Airport undergoes major facelift

Saturday, March 14th, 2009 Posted in Dubai Real Estate News, People & Places | No Comments »

Dubai International Airport's Terminal 2 has undergone a major refurbishment, extending check-in and boarding facilities, revitalizing the interior and exterior decor, plus offering more dining choices. 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..

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..

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..

Nakheel commences comprehensive survey of QE2 prior to its renovation

Tuesday, March 10th, 2009 Posted in Business | No Comments »

QE2 is currently berthed at Port Rashid since her arrival in Dubai on November 26, 2008. Nakheel, Dubai-based master real estate developer, has confirmed that there have been no ... Read more..

Properties in Dubai and Abu Dhabi among most expensive Cushman & Wakefield

Sunday, March 8th, 2009 Posted in Dubai Real Estate | 2 Comments »

According to a new study by Cushman & Wakefield (C&W), a commercial real estate services firm, Dubai and Abu Dhabi are on the list of the top 10 commercial property ... Read more..

UAE real estate market to bounce back within next 8 to 12 months Memon Investments

Sunday, March 8th, 2009 Posted in UAE Real Estate | No Comments »

Memon Investments, a leading Dubai-based property developer, has projected that the UAE real estate market will bounce back within the next 8 to 12 months. The developer has based its ... 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 real estate market registers Dh5bn investments from across GCC in 2008

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

According to FutureBrand, information partner of REIDIN.com - world's first online information company, the total value of real estate projects under construction in the GCC is more than $2.39 trillion. ... Read more..

Asia-based investment bank to provide banking, capital markets’ services from DIFC

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

Nomura International plc (‘Nomura'), the pre-eminent Asia-based investment bank, today announced that it has been granted a banking licence by the Dubai Financial Services Authority to provide investment banking and ... Read more..

Nakheel restructures 3 leading business units

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

Nakheel, Dubai-based leading real estate development firm, has merged three business units as part of ongoing restructuring efforts by the master developer. Read more..

Emaar Properties’ profits decline 54 per cent

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

Dubai : A Dh1.77 billion writedown in its US subsidiary John Laing Homes in the fourth quarter pulled down market mover Emaar Properties' net profits by 54 per ... Read more..

Al Habtoor Leighton Group to grow up to 40% in 2009

Sunday, February 8th, 2009 Posted in Middle East Real Estate | No Comments »

Al Habtoor Leighton Group, one of the largest contractors in the Gulf, expects growth of up to 40% in 2009 bolstered by new real estate projects in Abu Dhabi and ... Read more..