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EFG-Hermes sees stronger H2 show from Emaar - paper
Friday, August 21, 2009, 12:00:00 AM

EFG-Hermes has upgraded Emaar to a 'neutral' from 'reduce' rating in the short-term, according to a report. [Arabianbusiness.com]

Mystery swirls over Burj Dubai inauguration
Thursday, August 20, 2009, 6:16:00 AM

Amid a slumping real-estate market and cancelled or delayed development projects across this city-state, a mystery is swirling over the nearly completed Burj Dubai, already the world's tallest skyscraper: When will it open? [Maktoob.com]

Al Mal downgrades UP
Wednesday, August 19, 2009, 10:55:00 AM

Al Mal Capital has downgraded its rating for Union Properties to 'underperform' and cut its target price by 25% to Dhs0.81, citing the... [AMEinfo.com]

Reef launches serviced offices
Wednesday, August 19, 2009, 10:52:00 AM

UAE-based Reef Real Estate Investment Company has announced the launch of R-Serviced Offices in Dubai. The R-Serviced Offices' flagship operation consists of... [AMEinfo.com]

Abu Dhabi developers revise projects
Wednesday, August 19, 2009, 7:24:00 AM

Developers of projects on Abu Dhabi’s Reem Island are reassessing projects and slowing construction amid the downturn the local real estate market, UAE daily the National reported on Wednesday. [Maktoob.com]

Abu Dhabi developers on PR offensive
Wednesday, August 19, 2009, 12:01:00 AM

Bigger budgets for advertising and public relation campaigns mean that Abu Dhabi developers are dominating the news nearly as much their troubled Dubai rivals, new research has showed. [Arabianbusiness.com]

Anti-corruption drive reveals $950m stolen
Wednesday, August 19, 2009, 12:00:00 AM

Dubai anti-corruption investigators have revealed that AED3.58bn ($950m) has allegedly been stolen or used as bribe money by executives from some of Dubai’s leading real estate and financial firms. [Arabianbusiness.com]

UAE to build Western Region houses
Tuesday, August 18, 2009, 11:11:00 AM

The UAE government plans to build 1,200 houses and a pearl culture farm in the Al Marfa as part of the urban framework-Plan Al Gharbia 2030, Wam has reported. [AMEinfo.com]

Depa wins Ferrari World deal
Tuesday, August 18, 2009, 11:09:00 AM

Dubai-based Depa, the interiors contractor fitting out the world's tallest tower, has won a Dhs200m ($54.5m) contract at the Ferrari World theme park in Abu Dhabi. [AMEinfo.com]

Pompey chairman appeals for 'end to mischief' over bonus
Tuesday, August 18, 2009, 12:01:00 AM

Portsmouth chairman Sulaiman Al Fahim on Tuesday appealed for “an end to rumours, speculation and mischief” following suggestions he is in line for a $165 million bonus from the Royal Group. [Arabianbusiness.com]

Dubai homes supply seen falling in H1
Tuesday, August 18, 2009, 12:00:00 AM

Fewer than half of the units expected to come on to the Dubai real estate market by mid-2009 have been delivered, according to new research. [Arabianbusiness.com]

Dubai Holding to restructure groups
Monday, August 17, 2009, 11:58:00 AM

Dubai Holding has said it is realigning its organisational structure to streamline its operations and ensure the continued delivery of projects. [AMEinfo.com]

JLL: Dubai price decline slowing
Monday, August 17, 2009, 11:44:00 AM

According to Jones Lang LaSalle, the decline in Dubai home prices has slowed in the second quarter; an indication the market is showing 'signs of stabilisation'. [AMEinfo.com]

Portsmouth chairman in line for $165m 'land flipping' bonus
Monday, August 17, 2009, 12:01:00 AM

New Portsmouth chairman Sulaiman Al Fahim is set to scoop a $165 million bonus from the Royal Group, owners of Hydra Properties. [Arabianbusiness.com]


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