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UAE on recovery path - Hamdan

Himendra Mohan Kumar Gulf News 23.04.2009
UAE on recovery path - Hamdan

Shaikh Hamdan Bin Zayed Al Nahyan, Deputy Prime Minister, said on Wednesday, institutions affected by the global economic crisis could expect government support "but not those that were reckless."

Dubai home prices may fall 70%, prompting major industry restructure

UAE. Dubai house prices may slump as much as 70% from their peak late last year as demand drops and banks fail to resume mortgage lending, prompting mergers, UBS said.

Property worker touts for UAE job in hard times

Wearing a sandwich board with the words "JOB WANTED. SENIOR PROJECT MANAGER. CLIVE", Clive Walley pitched for work at a property fair in the United Arab Emirates this week.

Dubai property developer delivers on luxury tower homes scheme

A premium property development in Dubai will be completed next month and become a developer’s first fully finished project of 2009.

UAE developer Capitala says deferring new projects

Stanley Carvalho Reuters 21.04.2009
UAE developer Capitala says deferring new projects

Property developer Capitala, a joint venture of Abu Dhabi's Mubadala and Singapore's CapitaLand (CATL.SI), said on Tuesday it was holding off on new projects and would offer more lower-end housing.

Cityscape Abu Dhabi 2009 puts spotlight affordable property segment

Biggest real estate exhibition in the Gulf region, Cityscape Abu Dhabi- 2009, that got kicked off yesterday,

Abu Dhabi Finance to expand home loans

Angela Giuffrida The National 19.04.2009
Completion of first Nurai home in May confirms Zaya’s aggressive construction plans despite industry slowdown

Zaya, the UAE-based boutique real estate developer, has confirmed the completion of the first Nurai home in May; notably ahead of schedule. The developer further confirmed that the project contractors are progressing on construction at a vigorous pace with an aim to stay firmly on track for delivery in December 2010.

Abu Dhabi Finance to expand home loans

Abu Dhabi Finance, a home loan company set up last November, is in talks with eight property developers about providing mortgages to their customers.

Abu Dhabi's real estate market to stabilise in 2010, say property advisers DTZ

DTZ, the real estate advisory firm, today released a market report on Abu Dhabi giving detailed insight into the city's real estate sector.

Abu Dhabi, Aldar Properties launch $2.6 bln dev't

Aldar Properties ALDR.AD, the largest real estate developer in Abu Dhabi, is launching a 9.4 billion UAE dirhams ($2.6 billion) mid-income housing project and the government signalled more could follow.


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