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..

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..

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..

Italian style has designs on GCC $12 billion textiles market

Wednesday, March 18th, 2009 Posted in People & Places | No Comments »

Italian designers are now targeting the Arabian Gulf's $12 billion textile and clothing market as the impact of the economic crisis dampens demand for designer-wear in their more traditional markets ... 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..

Middle East’s first virtual IT Exhibition to be held from May19-21, 2009

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

Viritx.com, a 3-dimensional internet-based business environment, is the first comprehensive virtual exhibition and conference in the Middle East for the information and communication technology industry, is about to go live from ... 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..

UAE-based Tameer to deliver units at Madinat Al Majd real estate project in Jordan

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

Tameer, UAE-based real estate developer, has confirmed that Phase One of the ambitious Madinat Al Majd project in Jordan has been completed and the first of the 480 residential units ... Read more..

iCrete concrete mixes enhance construction efficiency of tall towers

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

iCrete, a clean technology leader and the world's premier concrete technology company, has expanded its real estate project portfolio of the world's modern skyscrapers with Beekman Tower in New York ... 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..

Gulf carriers Emirates, Etihad slash fares to boost seat load factor

Friday, February 6th, 2009 Posted in Business | No Comments »

Dubai: Gulf air carriers, which were competing against each other in increasing airfares just a few months ago, are continuing the war - but this time the trend is downwards ... 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..

Dubai Group shifts investment focus from Asia to Middle East

Thursday, February 5th, 2009 Posted in Global Financial Crisis | No Comments »

Dubai Group is shifting its investment focus from Asia to the Middle East, India, Turkey and sub-Saharan Africa, and will sell assets in 2009 as it revises its investments in ... 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..

World Economic Forum on Middle East 2009 to be held in May in Jordan

Tuesday, February 3rd, 2009 Posted in Global Financial Crisis | Comments Off

The 39th Annual Meeting of the World Economic Forum in Davos-Klosters concluded its deliberations highlighting the centre stage role that the Middle East region will play in ‘Shaping the Post-Crisis ... Read more..

World Economic Forum highlights Mid-East role in Shaping Post-Crisis World

Tuesday, February 3rd, 2009 Posted in Economy, Global Financial Crisis | No Comments »

The 39th Annual Meeting of the World Economic Forum in Davos-Klosters concluded its deliberations highlighting the centre stage role that the Middle East region will play in ‘Shaping the Post-Crisis ... 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..