NEWS & EVENTS >>

• Emaar merger value destroying, 'distressing' Wednesday, July 08, 2009, 9:57:00 AM A merger between Dubai's Emaar Properties and three local firms is likely to be more distressing than supportive due to strategy uncertainty and exposure to the suffering property sector, EFG-Hermes said. [Maktoob.com] • Dubai's Deyaar expects 'high single digit' default rate Wednesday, July 08, 2009, 12:00:00 AM Deyaar Development expects customer defaults in the ''high single digits'' across its projects, as the real estate downturn in Dubai continues. [Arabianbusiness.com] • Dubai ruler buys $72.6 mln UK country estate Tuesday, July 07, 2009, 8:30:00 PM Dubai’s ruler has splashed out 45 million pounds ($72.6 million) on a country estate in Suffolk, England, in what brokers are calling the biggest purchase of its kind this year. [Maktoob.com] • Memon awards contract for Champions Tower IV Tuesday, July 07, 2009, 12:27:00 PM Memon Investments, a Dubai-based real estate developer, has said it has awarded a Dhs84.5m contract to Al Jassmy Contracting for the... [AMEinfo.com] • Al-Futtaim reassess Moroccan project Tuesday, July 07, 2009, 11:32:00 AM United Arab Emirates fund manager Al-Futtaim Capital will make a final decision on whether to develop a multi-billion dollar property project in Morocco in about a year, a company executive said on Tuesday. [Maktoob.com] • Deyaar to close $136 mln fund by year-end Tuesday, July 07, 2009, 10:25:00 AM Dubai's second-largest property developer Deyaar expects to close a 500 million dirham ($136.2 million) distressed debt fund by year-end, the firm's chief executive said on Tuesday. [Maktoob.com] • Deyaar eyes move into Iraq - CEO Tuesday, July 07, 2009, 12:00:00 AM Deyaar said on Tuesday it was seriously considering expanding into Iraq as the developer looks to extend its reach across the Middle East. [Arabianbusiness.com] • Sorouh to offer Gate Towers price cuts Monday, July 06, 2009, 11:47:00 AM Abu Dhabi-based master developer Sorouh Real Estate, will begin offering price cuts of 20% to buyers of units in the Gate Towers development... [AMEinfo.com] • Gulf investors fund Ferguson property venture Sunday, July 05, 2009, 11:01:00 AM Manchester United manager Sir Alex Ferguson and television presenter Sir David Frost have launched a $1.6bn real estate company... [AMEinfo.com] • Emaar International shuts Algeria office Sunday, July 05, 2009, 10:49:00 AM Emaar International has shut down its office in Algeria due to the lack of progress on business, the developer has said in a statement. [AMEinfo.com] • Sir Alex bags Gulf cash for new property fund Sunday, July 05, 2009, 4:57:00 AM Manchester United manager Sir Alex Feguson and television star David Frost have received 1 billion pounds ($1.6 billion) backing of Gulf investors... [Maktoob.com] • More than 60% think UAE property prices will fall further - poll Sunday, July 05, 2009, 12:01:00 AM More than 60 percent of people think UAE property prices are going to drop by another 20-30 percent this year, according to an online poll. [Arabianbusiness.com] • Football, TV stars set up firm backed by Mideast investors Sunday, July 05, 2009, 12:00:00 AM Sir Alex Ferguson, manager of English football team Manchester United is involved in setting up a $1.6bn new real estate venture, backed by Middle East investors, it has been reported. [Arabianbusiness.com] • UK demands Dubai foreign contractors be paid Saturday, July 04, 2009, 6:58:00 PM The British trade minister has demanded that UK contractors in Dubai, owed at least $600 million in all, “need to be paid”, the UAE daily the National reported on Saturday. [Maktoob.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