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Damac skewered in UK TV news investigation |
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Tuesday July 28 2009
In a report broadcast Monday night in the UK, Channel 4 News
spoke to unhappy British investors with property developer Damac who
have yet to see a return on their money in the Dubai market.
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Madania plans third auction in October |
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Monday July 27 2009
Madania Real Estate, a licensed property auctioneer company, plans to hold its third property auction in October, coinciding with Cityscape event, said the firm's CEO.
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Consumer spending will feel pain as home sales continue to decline |
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Monday July 27 2009
London: The UK's house-price slump will persist until 2012 and hurt consumer spending, the National Institute of Economic and Social Research (Niesr) said.
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Tameer upbeat about UAQ project |
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Monday July 27 2009
Dubai: Tameer said its project Al Salam City in Umm Al Quwain (UAQ), could be worked on in the future, despite it being recently put on hold.
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$930bn-worth projects underway in the UAE |
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Monday July 27, 2009
A total value of nearly $930bn-worth projects in the construction and other sectors are underway in the UAE, according to a report.
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National Bank Abu Dhabi plans Europe property fund |
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Sunday July 26 2009
The National Bank of Abu Dhabi (NBAD) is preparing to launch a fund
with a European partner that will offer high-interest loans to European
property companies that are struggling to secure funding because of the
global squeeze on credit.
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Depa boss sees Gulf property market revival by 2011 |
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Sunday July 26 2009
The property markets in the Middle East will start to recover
by the beginning of 2011, the head of a firm, a Dubai-based interior
fit-out giant has said, according to a report.
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Property Appeals Court received 883 cases in first half |
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Sunday July 26 2009
The time a case takes at the Property Court of First Instance has
gone down by more than 20 per cent to 45 days from 57 days in 2008,
according to Abdul Qader Moosa, Chief Justice of Dubai Property Court.
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Dubai property bottomed out but visible signs yet to appear |
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Wednesday July 22 2009
Even though the Dubai property market appears to have bottomed out, it
will still take several more months until improvement can be seen,
according to a real estate consultancy.
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Sorouh earnings tumbles 75.5 pct in Q2 |
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Wednesday July 22 2009
Sorouh Real Estate posted a second-quarter net profit of 150.98
million dirhams ($41.08 million), down 75.5 percent from the
year-earlier period, driving shares lower.
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Saudi Arabia forced to finance mega projects |
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Weddnesday July 22 2009
Riyadh: The government
of Saudi Arabia has been forced to foot the bill to ensure that work
continues uninterrupted on several mega development projects in various
regions of the kingdom.
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