Model ‘forest park’ to be developed near Rawal Lake

Wednesday, July 22nd, 2009 Posted in News | No Comments »

The first-ever model forestry park, spread over an area of 350 acres, will be developed near Rawal Lake. Read more..

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..

Merger of Askari Bank, Mybank likely

Wednesday, June 24th, 2009 Posted in Business | 1 Comment »

KARACHI: Askari Leasing on Tuesday expressed its intentions to merge with sister concern Askari Bank, which in turn wants to amalgamate with Mybank, in what experts say is a survival ... Read more..

Pakistan”heaven for visitors” British tourist

Saturday, June 6th, 2009 Posted in People & Places | 1 Comment »

Driving through the bazaar, I did a double take and looked again. Sure enough, there was this young man who looked like a ‘gora’(expatriate) — you can tell — sitting ... 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..

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..

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..

Political tensions hurt business activity

Sunday, March 15th, 2009 Posted in Business | No Comments »

KARACHI: Industrialists, businessmen and transporters have urged two mainstream political parties to shun their differences and said growing political instability in the country is tantamount to sabotaging business activity. 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..

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..

Gwadar Port: Accord with Singapore firm needs revision

Sunday, February 22nd, 2009 Posted in Business | No Comments »

KARACHI: The agreement signed with Singapore firm on Gwadar Port needs to be revised. State Minister for Ports and Shipping, Sardar Nabil Ahmed Gabol said this on Saturday. 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..

Most UAE stock markets end lower amid economic fears

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

Dubai: Markets in the UAE ended lower on Monday amid low volumes as investors worried about the country's ailing real estate and banking sectors. 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..

DHA desalination plant still under a cloud

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

If the residents of Karachi’s upmarket Defence Housing Authority (DHA) area had hoped that their water woes are about to end, they have another thing coming. Claims that the ... 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..

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..

Pakistan Canada discuss cooperation in solar energy

Wednesday, January 28th, 2009 Posted in Business | Comments Off

ISLAMABAD: Pakistan and Canada have discussed ways and means to enhance cooperation in promoting solar and green energy generation in Pakistan. Read more..