NEWS & EVENTS >>
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• Dubai property prices slide more in Q2 Wednesday, July 15, 2009, 11:53:00 AM
Dubai home prices continued to fall in the second quarter but some areas, such as the man-made Palm Island - one of the worst hit places by the slump - saw an increase, property services firm Asteco said in a study released on Thursday. [Maktoob.com]
• UAE property prices climb Wednesday, July 15, 2009, 10:59:00 AM
Sale prices of real estate in parts of Dubai and Abu Dhabi are registering big increases as buyers regain their confidence, The National has reported. [AMEinfo.com]
• First Dubai profits reach Dhs91.5m in 6 months Wednesday, July 15, 2009, 10:06:00 AM
First Dubai Real Estate Development Co. has reported Dhs91.5 million in profit for the first half of 2009, compared to Dhs94.5 million for... [AMEinfo.com]
• UAE property prices rise sharply Wednesday, July 15, 2009, 4:21:00 AM
Property prices in some areas of the UAE have risen sharply in the last few months as investors regain their confidence and snap up bargains, brokers said on Tuesday, in the face of gloomy reports of further price falls. [Maktoob.com]
• Action group urges investors to withold ACW payments Wednesday, July 15, 2009, 12:00:00 AM
A group of investors locked in a dispute with developer ACW Holdings have urged its members to withhold further payments until installments are linked to construction. [Arabianbusiness.com]
• Dubai's office rents rank 2nd in EMEA region Tuesday, July 14, 2009, 2:25:00 PM
A new report by CB Richard Ellis has found that office rents in Dubai are the second highest in the Europe, Middle East, and Africa (EMEA) region... [AMEinfo.com]
• Aldar set to deliver several UAE projects Tuesday, July 14, 2009, 11:55:00 AM
Aldar Properties plans to deliver all of the Phase-I developments on the Yas Island, including hotels, marina and golf course ahead... [AMEinfo.com]
• Hill International wins Abu Dhabi contract Tuesday, July 14, 2009, 11:42:00 AM
Abu Dhabi-based Aabar Investments has awarded a $14.2m contract to Hill International, a US-based construction risk management firm... [AMEinfo.com]
• Nakheel may revise terms of $750m Sukuk Tuesday, July 14, 2009, 9:05:00 AM
Dubai-based property developer Nakheel said it plans to revise the payment terms of its $750m Sharia-compliant sukuk... [AMEinfo.com]
• Abu Dhabi rents fall up to 35 pct in Q2 Tuesday, July 14, 2009, 5:27:00 AM
Apartment rents in Abu Dhabi dropped as much as 35 percent in the second quarter due to increased supply and residents taking advantage of cheaper accommodation in Dubai, property services firm Asteco said on Monday. [Maktoob.com]
• Mazaya Q2 net profit plunges 63 pct Tuesday, July 14, 2009, 5:26:00 AM
Kuwait's Al Mazaya Holding Co on Tuesday said its second-quarter net profit fell 63 percent to $17.2 million from $45.9 million a year earlier. [Maktoob.com]
• Dubai's office rents second highest in EMEA region Tuesday, July 14, 2009, 12:00:00 AM
Office rents in Dubai are the second highest in the EMEA region, behind London's West End, a new report found on Monday. [Arabianbusiness.com]
• Aqaar gets master developer licence for Ajman Monday, July 13, 2009, 11:52:00 AM
Aqaar, a real estate and property development firm based in the UAE emirate of Ajman, has said it has received a master developer licence from... [AMEinfo.com]
• Deyaar reports Q2 net profit of Dhs75.40m Monday, July 13, 2009, 11:49:00 AM
Deyaar Development has reported a net profit of Dhs75.40m for the three months ending June 30, 2009, an increase of 38% over... [AMEinfo.com]
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