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Property Prices in the Emirates on the Rise

Offplan Property Exchange 29.07.2009

Dubai Festival City launches ghostly mega project

Sarah Blackman Construction Week Online 27.07.2009
Property Prices in the Emirates on the Rise

Those with property investment and property management interests in the UAE may welcome research from HSBC which shows that property prices are rising in the emirates.

Dubai Festival City launches ghostly mega project

Dubai Festival City has announced the launch of Casper Theme Park today, adding that it is scheduled to open in the first quarter of next year.

Contractors get tips to settle disputes

Joseph George Emirates Business 247 27.07.2009

Development Bank to begin operations in 2010

Mohammed Elsidafy Business24|7 23.07.2009
Contractors get tips to settle disputes

UAE Contractors Association has started training sessions for local contractors to resolve disputes emerging as a result of slowdown in the construction sector.

Development Bank to begin operations in 2010

A committee assigned to set up the Emirates Development Bank will complete its mission in three months, paving the way for the bank to begin operations from 2010, according to the Ministry of Finance.

Dubai, Abu Dhabi real estate markets set to strengthen

Tom Arnold Arabian Business 23.07.2009
MARKET UPTURN: Tameer Holding Investment president hopeful of strengthening of Dubai and Abu Dhabi real estate markets by year-end. (Getty Images)

The real estate market in Dubai and Abu Dhabi could become stronger by the end of the year as availability of finance improves, the president of developer Tameer Holding Investment said on Wednesday.

Dubai real estate industry to pick up in early 2010: Harbour Report

According to the quarterly Harbor Report, which will be issued at the end of July, the real estate industry will start to pick up in early 2010.

Dubai, Abu Dhabi real estate markets set to strengthen

Tom Arnold Arabian Business 23.07.2009
Development Bank to begin operations in 2010

A committee assigned to set up the Emirates Development Bank will complete its mission in three months, paving the way for the bank to begin operations from 2010, according to the Ministry of Finance.

Dubai, Abu Dhabi real estate markets set to strengthen

The real estate market in Dubai and Abu Dhabi could become stronger by the end of the year as availability of finance improves, the president of developer Tameer Holding Investment said on Wednesday.

(EB FILE)

Even though the Dubai property market appears to have bottomed out, it will still take several more months until improvement can be seen, according to a real estate consultancy.

Dubai Real Estate Corporation to develop new projects in the emirate next year

The Dubai Real Estate Corporation (DREC), the government owned corporation that owns and manages Government of Dubai's land bank, would tender a number of real estate projects next year across Dubai.

Exclusive: State unit plans new projects for Dubai

Jamie Stewart Construction Week Online 21.07.2009
Property pulse: Sales decline in July

Our biweekly Property Pulse, powered by REIDIN.com, shows a pretty sharp decline in the number of transactions in the second week of July. This likely coincides with the usual summer slow-down in the UAE.

A rendering of Drec's Ras Al Khor 3 project, which is set for completion in October.

The Dubai Real Estate Corporation (Drec) will tender a number of projects next year across the city, and will tender two mega-projects when it feels the market is ready, Construction Week can reveal.

Coldwell Banker UAE opens at Dubai Marina

Mohammed Abdullah, Chairman of Coldwell Banker Intercontinental Affiliates, believes that this venture to expand is a step towards ensuring the brand's presence in the market.

Real estate: Are prices at the bottom?

A smattering of construction workers amble around the Jumeirah Lake TowersJumeirah Lake TowersJumeirah Lakes Towers development in Dubai, but the roads are somnolent and the ubiquitous desert dust wafts around the development, undisturbed by human habitation.

UAE mortgage defaults jump 25 pct in H1

Maktoob Business 21.07.2009
Coldwell Banker UAE opens at Dubai Marina

With the recent opening of the Coldwell Banker UAE head quarters in the prestigious Downtown Burj Dubai in October 2008, as well as establishing a presence at the Arabian Ranches community centre, this global real estate brand would, yet again like to announce their newest location at the Dubai Marina.

UAE mortgage defaults jump 25 pct in H1

UAE mortgage defaults shot up close to 25 percent in the first six months of the year, local daily Emirates Business reported on Monday, citing analyst estimates.

206 tower Ajman project scaled back to 20

Maktoob Business 21.07.2009

New norms may make loans cheaper for hotels

Anirudh Laskar, Anup Roy and Madhurima Nandy The Wall Street Journal 20.07.2009
206 tower Ajman project scaled back to 20

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.

Risk profile: A file photo of a Marriott hotel under construction in Bangalore. The proposed guidelines aim at bringing clarity in the classification of banks’ commercial real estate exposure. Hemant Mishra / Mint

Mumbai / Bangalore: The cost of bank loans for firms engaged in the business of hotels and hospitality may decline, with the Reserve Bank of India (RBI) proposing to keep such loans out of what is considered to be banks’ commercial real estate (CRE) exposure.

 
Property in New Dubai starting to recover - report

Downtown Burj Dubai, Dubai Marina, and Emirates Living are starting to see a recovery in property prices, it has been reported.

 
 

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