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HSBC Middle East to re-enter UAE property finance market

HSBC Middle East, Midde East division of the leading international bank, is to re-enter the UAE mortgage market as it has confirmed easing of its proeprty finance rules.

Landmark Properties opens London office

Following the rapidly increasing interest of clients in the UAE and neighbouring countries for overseas investment opportunities, Landmark Properties, one of the leading real estate companies in the Middle East, has opened an office in the UK.

Developers insist UAE real estate plan unaffected by downturn

A flagship UAE real estate project should be finished on time despite “challenges” caused by global economic upheaval, developers have said. Sweet Homes delivered a progress report on the AED 3 billion ($817 million) Ajman Uptown scheme, saying construction was in full swing.

UAE real estate market could be monitored by one federal body

A UAE-wide real estate regulatory authority now looks only a matter of time after officials said they were examining ways of co-ordinating property rules across the emirates.

HSBC eases lending rules on UAE property

Arabian Business 31.03.2009

Discounts in Abu Dhabi

The National 31.03.2009
HSBC eases lending rules on UAE property

HSBC Middle East is to re-enter the mortgage market in a dramatic shift in lending policy, it announced on Tuesday.

Discounts in Abu Dhabi

As the property slowdown continues and buyers struggle to meet repayments, developers in Dubai and Abu Dhabi are dropping prices, including for properties already sold, to keep projects on track. Some analysts believe this trend will increase in Abu Dhabi, where homes were selling at more than Dh2,500 (US$680) per square foot last year.

Cityscape Abu Dhabi to tackle debate on regional and global challenge in troubled times

The impact of the global slowdown on real estate investment and development markets regionally and internationally comes under the microscope at the Real Estate Finance and Investment conference and summit next month that form part of the Cityscape Abu Dhabi event.

Property exhibitors up, but will visitors be down at Cityscape Abu Dhabi?

Exhibitor numbers are set to be higher than last year at a leading UAE real estate show being held next month. Cityscape Abu Dhabi is registering a 31 per cent increase in exhibitor space compared to last year despite ongoing global downturn.

Downturn hits UAE developers' plans for Amman expansion

Applications from UAE property developers for projects in Amman, the capital of Jordan, have declined steadily in recent months as the global economic downturn curtails expansion plans, while those already building in the city have put some projects on hold.

Uniform laws will enhance international investor confidence in UAE real estate sector

BCS Strata Management Services, the first UAE-based strata management company, has welcomed the UAE Government's initiative to establish a federal real estate regulatory authority to coordinate the efforts of existing local regulatory bodies.


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