NEWS & EVENTS >>
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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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