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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.

Thai risk from Dubai crash

Bangkok Post 05.01.2010
Thai risk from Dubai crash

Thailand's direct exposure to the Dubai market crash has been very limited, but a greater impact could come from deteriorating global sentiment if the situation worsens, says international property consultant Colliers International Thailand.

Dubai to open world's tallest building

The world's tallest building is set to be opened in the Gulf emirate of Dubai. More than 800m (2,625ft) high and clad in 26,000 glass panels, Burj Dubai has 160 floors and more than 500,000 sq m of space for offices and apartments.

Crisis an opportunity to diversify economy away from real estate

Karen Remo-Listana Business 24-7 03.11.2009
Dusit Opens First Princess Hotel Outside Thailand

The Dusit Princess City Centre, the first Dusit Princess hotel outside Thailand, has opened in Dubai. The four-star hotel has 120 rooms and suites along with meeting rooms, an all-day dining restaurant, a speciality café, a gymnasium, a swimming pool with Jacuzzi and a juice bar.

Crisis an opportunity to diversify economy away from real estate

Dubai should use this crisis to rebalance its economy away from real estate and allocate its funds to more productive industries, analysts from leading industry and academia said.

Major Developers show confidence in Cityscape

Participation of key master developers underscores strategy to boost market confidence “Time to learn from the challenges… and to focus on the opportunities and threats that lie ahead,” says Cityscape.

One of Dusit International's best appointed to the Middle East

Dusit Thani Dubai welcomes new General Manager Dusit Thani Dubai welcomes Mr. James Robert Wilson to its property as the new General Manager. With over 20 years of dedication in the hospitality industry working in Europe, Asia and now to Dubai, his role will bring Dusit Thani Dubai to become one of the leading hotels in the Middle East.

Anantara speeds Middle East expansion but JLT deal on hold

Dubai: Bangkok-based Anantara Hotel Group, a major brand in the luxury hotel sector, is expediting its expansion in the Middle East and North Africa (Mena) region.

Real estate market stabilising in Dubai

The property market in Dubai is stabilising and set for a rebound in 2011, according to the latest research but there is still a concern in the industry about over supply.


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Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.