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Vacancies in the UAE property market to rise

Property Showrooms 06.10.2010
Emaar earnings to surge on property handover

Dubai's Emaar Properties remains a lone bright spot in a gloomy outlook for UAE developers, but woes are set to continue for Abu Dhabi's Aldar Properties with an expected third-quarter loss.

Vacancies in the UAE property market to rise

Commercial property values in the UAE are unlikely to return to sustainable levels before 2013, a new report has suggested.

Dubai’s residential property sector in recovery mode

Sunil Kumar Singh Emirates 247 05.10.2010
Dubai's Emaar Properties Showcases Worldwide Projects at Cityscape Global

(DUBAI, UAE) -- Emaar Properties PJSC, the global property developer, is highlighting its proven capabilities in delivering world-class assets at Cityscape Global 2010, the premier real estate expo that opens today at Dubai International Convention Centre and goes on through Thursday.

Deputy Ruler cuts the ribbon signaling the launch of eagerly awaited exhibition. (WAM)

Cityscape Global 2010, the flagship event of the world’s largest business-to-business real estate investment and development brand, opened for business on Monday amidst a wave of optimism from regional and international investors after a spell of positive economic indicators since the Dubai World debt restructuring was completed earlier in September.

Dubai property prices seen to fall further this year

Issac John Khaleej Times 05.10.2010
Dubai property prices seen to fall further this year

DUBAI — The pace of decline in Dubai’s property market has eased from that seen in 2009 as the emirate “moves closer to the bottom of the current cycle,” but prices and rents are expected to continue to decline in 2010, real estate investment and advisory firm Jones Lang LaSalle, or JLL, said in its latest report on Sunday.

Freehold property sale stabilises in Dubai: Report

DUBAI: Sale prices in a number of freehold communities across remained stable in Q3 this year compared to the previous three months, a new report has said. According to the Dubai-based property management company Asteco report, further price adjustments are expected in the near future.

Real estate prices to stabilise on back of Dubai disclosure

Parag Deulgaonkar Emirates 247 30.09.2010
Analysts say clarity on number of projects on hold will end oversupply fears. (REUTERS)

Realty experts in Dubai believe the disclosure of 495 properties either being cancelled or put on hold will limit supply in an already bloated market and help prices stabilise.

Dubai ruler's property company extends loan terms

A real estate and hotel group owned by Dubai's ruler says it has won an extension to repay a $555 million loan as the emirate works to resolve its severe debt crisis.

Dahi slams banks for creating real estate crisis

Nadim Kawach Emirates 247 01.09.2010
Reidin.Com Index Reveals 2.25% Decrease In Dubai Apartment Prices In July

REIDIN.com, the leading real estate information company covering emerging markets has today announced the July 2010 figures of its Sales Price Index for Dubai (SPID). SPID is part of REIDIN.com's INDEXFocus-UAE product, an online database of proprietary real estate indices for the UAE designed to accurately track price fluctuations in the residential real estate market.

Lt Gen Dhahi Khalfan Tamim, Chief of Dubai Police. (FILE)

Dubai’s police commander has launched a virulent attack on banks in the UAE and other Gulf oil producers, saying they are to blame for the real estate crisis in the region and for a surge in financial court cases.

UAE’s Emaar still interested in Lombok project

Staff Writer Asia Pulse 11.03.2010
Dubai Developers Rush To Meet New Regulations By Deadline

As developers struggle to complete all the paperwork required to register property owners associations in Dubai, experts believe that the deadline will be extended. While some developers have been holding back in the hopes of avoiding the costs of compliance, some developers are using consultants to handle the headaches of registration. See the following article from Property Wire for more on this.

UAE’s Emaar still interested in Lombok project

Dubai-based property developer Emaar Properties on Tuesday denied a report that it had pulled out of the long delayed US$600 million tourism project in Bali´s neighboring island of Lombok.

Cityscape Abu Dhabi to tackle serious issues

Staff Writer Property Report 10.03.2010
Cityscape Abu Dhabi to tackle serious issues

More than 120 speakers and delegates from 25 countries will discuss future of real estate investment regionally and internationally at Cityscape Abu Dhabi. It will take place at the Abu Dhabi National Exhibition Centre from 18-21 April 2010.

Dubai Developer Confident That Real Estate Market Has Hit Bottom

The CEO of one of the largest developers in Dubai recently stated that the Dubai real estate market has hit bottom. While Deyaar CEO Markus Giebel remained unclear on whether the market would go up or down in 2010, he believes that Dubai's strong fundamentals will lead toward a recovery in the Dubai market starting in 2011. See the following article from Property Wire for more on this.

UAE real estate mergers seen rising in 2010

Shane McGinley Arabian Business 03.02.2010
World's tallest tower in UAE closes

The world's tallest skyscraper in Dubai has unexpectedly closed to the public a month after its lavish opening, the tower's owner said.

UAE real estate mergers seen rising in 2010

An increase in mergers and acquisitions will be one of the major trends to emerge in the UAE real estate sector in 2010, a senior management consultant has predicted.

Dubai real estate market to see 'selective stability'

Parag Deulgaonkar Business24-7 25.01.2010
Dubai is becoming a more competitive office location both locally and regionally Stef Lindeque

"Selective stability" will be witnessed across the office and residential sectors of Dubai's real estate market in 2010 with the market moving to become more tenant-friendly, according to Jones Lang LaSalle Mena.

Debt crisis expected to delay real estate recovery in Dubai until 2012

Residential real estate prices in Dubai are set to fall a further 10% in 2010 with the emirate’s debt problems likely to delay a property recovery until 2012, it is claimed.

Barclays Property Case Succesfully Navigates Dubai Courts

Global financial services provider and consumer bank Barclays [Piccadilly Circus branch, pictured above] recently won favorable ruling in a residential property foreclosure case in Dubai, where the struggling real estate sector and pressured capital markets is being felt worldwide.


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