NEWS & EVENTS >>
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• Burj Dubai delay wasted opportunity -poll Monday, July 20, 2009, 8:05:00 AM
Over four in 10 respondents to a new poll believe the delay to the Burj Dubai is a missed opportunity to put Dubai back on the global map. [Maktoob.com]
• 206 tower Ajman project scaled back to 20 Monday, July 20, 2009, 5:09:00 AM
The UAE property sector slump has forced the developers of the largest residential project in Ajman to reduce its size drastically, UAE daily the National reported on Monday. [Maktoob.com]
• Aldar Properties signs-up contractors for Al Falah project Monday, July 20, 2009, 12:01:00 AM
Abu Dhabi-based property developer Aldar Properties said on Monday it has signed contracts with three contractors, focusing on delivering 5,000 villas at Al Falah. [Arabianbusiness.com]
• Dubai property rent at lowest level in three years - report Monday, July 20, 2009, 12:00:00 AM
Property rents in Dubai are at their lowest level for three years and could drop even further, it has been reported. [Arabianbusiness.com]
• Dubai posts Dhs1.73bn land transactions Sunday, July 19, 2009, 11:58:00 AM
The Dubai Land Department has reported a total value of Dhs1.73bn for land transactions last week, with sales exceeding Dhs680.24m. [AMEinfo.com]
• Property in New Dubai starting to recover - report Sunday, July 19, 2009, 12:01:00 AM
Downtown Burj Dubai, Dubai Marina, and Emirates Living are starting to see a recovery in property prices, it has been reported. [Arabianbusiness.com]
• Eight more Dubai properties to go under the hammer Sunday, July 19, 2009, 12:00:00 AM
Eight properties will be auctioned off this month despite Dubai’s previous property auctions being a total flop. [Arabianbusiness.com]
• Dubai Q2 apartment rents fall 16-26% - paper Friday, July 17, 2009, 12:01:00 AM
The average rents for apartments in Dubai declined by 16 to 26 percent in the second quarter compared to the first quarter, according to recent report. [Arabianbusiness.com]
• No let up in Gulf nations' quest for foreign land Friday, July 17, 2009, 12:00:00 AM
Wealthy Gulf states have no choice but to keep buying foreign land in their quest for food security, despite their growing concerns about instability in target countries and a rising backlash from farming communities. [Arabianbusiness.com]
• RAK Properties profit down 33% Thursday, July 16, 2009, 11:12:00 AM
RAK Properties has said its net profit for the second quarter had declined 33.78% to Dhs73.3m from Dhs110.7m in the same period last year. [AMEinfo.com]
• Nakheel: $164 mln golf deal 'never in doubt' Thursday, July 16, 2009, 11:02:00 AM
Nakheel unit Leisurecorp said on Thursday its 100-million pound ($164 million) sponsorship of the European Tour was "never in doubt" after a British newspaper reported it had... [Maktoob.com]
• Dubai rents fall more than 20 pct in Q2 Thursday, July 16, 2009, 5:16:00 AM
Rents for residential and commercial properties in Dubai have fallen at least 20 percent since April, helped by an increase in supply, property consultant Asteco said... [Maktoob.com]
• Damac accused over selling flats on UN site in Dubai Thursday, July 16, 2009, 12:00:00 AM
A UK lawyer has accused Dubai property group Damac of selling off-plan units on a plot which it knew was occupied by the United Nations (UN). [Arabianbusiness.com]
• Deyaar to hand over The Citadel in August Wednesday, July 15, 2009, 1:59:00 PM
Dubai-based Deyaar Development has announced that it will hand over in August all units at The Citadel, its 41-storey commercial... [AMEinfo.com]
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