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Dubai Inc hit with downgrade
Tuesday, June 30, 2009, 11:41:00 AM

Ratings agencies Tuesday downgraded the credit worthiness of a raft of Dubai government-controlled companies, citing concerns over the emirate's debt obligations and struggling property market. [Maktoob.com]

Standard Chartered to offer 'Easy Loan' mortgages
Tuesday, June 30, 2009, 11:40:00 AM

Dubai Properties has said it has forged an alliance with Standard Chartered Bank to offer 'Easy Loan' mortgages, a funding option to... [AMEinfo.com]

Mazaya decides not to purchase remaining First Dubai shares
Tuesday, June 30, 2009, 11:24:00 AM

Kuwait-based Al Mazaya Holding has decided not to proceed with a plan to purchase the shares it doesn't already own in First Dubai Real Estate Development Co. [AMEinfo.com]

Dubai property prices set to rise in Q4 - Sherwoods
Tuesday, June 30, 2009, 12:02:00 AM

Sherwoods Independent Property Consultants says it has seen a steady shift in property prices in Dubai towards more reasonable levels as the... [Arabianbusiness.com]

Investors fear UAE property market has yet to hit bottom
Tuesday, June 30, 2009, 12:01:00 AM

Only 19 percent of investors believe the UAE real estate market has bottomed out despite a jump in investor sentiment, according to Shuaa Capital’s June GCC investor confidence survey. [Arabianbusiness.com]

Moody's downgrades Dubai Holding amid merger talks
Tuesday, June 30, 2009, 12:00:00 AM

Dubai Holding, the state-controlled entity that is in talks to merge with Emaar Properties, was downgraded to A3 BY Moody’s Investors Service on Tuesday. [Arabianbusiness.com]

Emaar shares tumble on merger concerns
Monday, June 29, 2009, 2:21:00 PM

The stock price of Emaar Properties has plunged due to concerns that a potential merger could result in asset writedowns and... [AMEinfo.com]

Dubai property prices, rents recover in June
Monday, June 29, 2009, 9:39:00 AM

Dubai property prices and rents recovered slightly in June due to easing pressure of distressed sales and vendors being unwilling to sell at current prices, signaling that the worst for the sector may be over, Deutsche Bank said Monday. [Maktoob.com]

Mazaya scraps First Dubai takeover
Monday, June 29, 2009, 9:38:00 AM

Kuwait's Mazaya Holding Co said on Monday it would not go ahead with plans to acquire the remaining 33 percent stake of its First Dubai Real Estate Development unit. [Maktoob.com]

UAE sees more property regulators spring up
Monday, June 29, 2009, 9:26:00 AM

UAE-based sovereign wealth fund Ras Al Khaimah Investment Authority (RAKIA) on Monday said it has set up the RAKIA Real Estate Regulatory Agency to protect real estate investors in the emirate. [Maktoob.com]

S&P affirms DHCOG’s ‘A’ rating.
Monday, June 29, 2009, 12:04:00 AM

Standard & Poor's on Monday confirmed it is to keep its 'A' long-term credit ratings on Dubai-based real estate developer and hotel operator Dubai Holding... [Arabianbusiness.com]

Dubai Holding-Emaar merger deal raises questions
Monday, June 29, 2009, 12:03:00 AM

Analysts on Monday raised doubts over the value of the land owned by the three units of Dubai Holding that developer Emaar is to merge with. [Arabianbusiness.com]

Dubai house prices, rents rose in June - Deutsche Bank
Monday, June 29, 2009, 12:02:00 AM

Dubai property prices and rents recovered slightly in June, signaling that the worst for the sector may be over, Deutsche Bank said in a report on Monday. [Arabianbusiness.com]

Ras Al Khaimah launches real estate regulator
Monday, June 29, 2009, 12:01:00 AM

Ras Al Khaimah Investment Authority (RAKIA) on Monday revealed a real estate regulator was now in operation in the emirate to protect the interest of investors. [Arabianbusiness.com]


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