NEWS & EVENTS >>

• Dubai faces 30,600 vacant homes by end '09 Thursday, August 13, 2009, 7:27:00 AM Dubai is expected to have 30,600 empty homes by the end of year as more buildings are completed and the population shrinks, a new report shows, adding to concerns about a recovery in the emirate's troubled property sector. [Maktoob.com] • Tamweel records $9.5 mln loss in Q2 Thursday, August 13, 2009, 6:35:00 AM Dubai-based Tamweel on Thursday posted a second-quarter net loss of 35 million dirhams ($9.5 million) and made impairment provisions of 89 million dirhams ($24.2 million) due to the continuing decline in the emirate's property sector. [Maktoob.com] • Dubai office rents set for revival Thursday, August 13, 2009, 5:15:00 AM Office rents in Dubai - down 50 percent from a year ago - are poised for a mini revival in the coming months following the UAE's decision to make it easier for firms to set up shop in the country. [Maktoob.com] • Dubai's Union Properties posts $62m Q2 loss Thursday, August 13, 2009, 12:02:00 AM Dubai-based developer Union Properties on Thursday reported a second quarter loss of AED228m ($62.1m), compared with a profit of AED317.7m in the year-earlier period, as the company was hit by a decline in the value of its investment properties. [Arabianbusiness.com] • Cityscape Dubai deal rooms' demand plummets Thursday, August 13, 2009, 12:01:00 AM Demand for hotel meeting rooms used to complete deals at Cityscape Dubai is well down on last year, Arabian Business has learnt. [Arabianbusiness.com] • Dubai faces homes surplus of 30,600 by year-end Thursday, August 13, 2009, 12:00:00 AM Dubai is set to have a surplus of up to 31,000 residential units mainly due to the decline in the expat population by the end of the year, according to a new report by JP Morgan. [Arabianbusiness.com] • Ajman gets tough on property deals Wednesday, August 12, 2009, 4:19:00 AM Ajman will not let property developers in the emirate arbitrarily cancel agreements with buyers if they fail to meet payment deadlines, Emirates Business 24/7 reported on Wednesday. [ Maktoob.com] • Former Dubai property exec jailed in Egypt Wednesday, August 12, 2009, 4:03:00 AM A former Dubai-based real estate executive has been jailed in Egypt on charges of money laundering and arms trafficking, UAE daily Emirates Business reported on Wednesday. [Maktoob.com] • Developer says 30% of investors are struggling to pay Wednesday, August 12, 2009, 12:00:00 AM Around one in three Al Fara’a Properties investors are behind with payments, the developer has said. [Arabianbusiness.com] • Jonh Buck to build Al Hilal tower Tuesday, August 11, 2009, 11:26:00 AM Al Hilal Bank, a UAE-government owned Islamic bank, has announced the appointment of real estate services company John Buck International... [AMEinfo.com] • Omnyiat cuts 2008 unit costs by 10% Tuesday, August 11, 2009, 11:24:00 AM Dubai-based Omniyat Properties has announced a 10% reduction in the price of its units for projects sold during the peak of... [AMEinfo.com] • Off plan property sales 'dead' - real estate MD Tuesday, August 11, 2009, 12:00:00 AM Off-plan property sales are ‘dead’ and prices continue to slide, Mohanad Alwadiya, managing director of property adviser Harbor Real Estate has said. [Arabianbusiness.com] • Burj Al Alam piling work underway Monday, August 10, 2009, 11:55:00 AM Dubai-based developer Fortune Group has said that the piling work on the Dhs4bn Burj Al Alam, to be the world's tallest commercial tower, is... [AMEinfo.com] • UAE investors spend $1.1bn in Lebanon's real estate Monday, August 10, 2009, 12:01:00 AM UAE investors collectively spent more than $1.1bn on Lebanese real estate projects last year, making them the most active Arab investors in the country. [Arabianbusiness.com] Next Page > 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26