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Planning for the upturn during the downturn

The recent events in the global economy have created panic among investors. The public has lost confidence and they do not want to consider venturing into new investments. Moreover, the credit crunch has left them struggling, trying to liquidate their investments to release cash. Dubai, as one of the key financial hubs in the world, is currently experiencing mixed reviews from economists, investors and opinion leaders. The fear of losing further has gripped the investors and has refrained individuals from investing in or purchasing property.

Dubai property giant offers price cuts and investment swapping

One of the biggest players in the UAE real estate market has unveiled some of the most ambitious price cuts yet in a bid to maintain investment interest during the credit crunch.

MDRE brings its unique realty expertise to Abu Dhabi

MD Real Estate (MDRE), the Abu Dhabi-based company specialising in realty commercial and residential sales and acquisitions in both the UAE capital and Central London, has unveiled plans to enhance its presence in the UAE's Capital.

After the demise of the real estate industry in Dubai, Abu Dhabi takes centre stage

The sudden stagnation of the Dubai real estate industry has led property investors to the shores of Abu Dhabi.

Al Saraya launches real estate projects

Gulf Daily News 19.03.2009
Al Saraya launches real estate projects

Bahrain-based real estate development company Al Saraya is pushing ahead with two new projects. "In keeping with the spirit of leadership and our fundamental understanding of the current market demand, we are not going to sit and let the world go by," said general manager Redha A Halim Mukhtar.

Groundbreaking ceremony held at Durrat Al Bahrain real estate development

The groundbreaking ceremony has taken place for Durrat Al Bahrain, a mixed-use real estate development worth $6 billion, and a contract was awarded by Energy Central Co. (ECC) to Nass Contracting Co. for building infrastructure and ancillary works for a seawater desalination plant at the site. The plant will meet the irrigation demand at Durrat Al Bahrain.

More homes for Abu Dhabi

Catherine Deshayes Home Overseas 18.03.2009
More homes for Abu Dhabi

Over 50,000 homes will be constructed for Emiratis living in Abu Dhabi over the next two decades, the country's Urban Planning Council (UPC) announced...

Abu Dhabi property landmark - residential, cultural, investment hub!

Construction work has started at a dual tower development which is designed to become a real estate landmark for a UAE state.

CapitaLand rights issue oversubscribed

Anette Jönsson and Daniel Inman Finance Asia 17.03.2009
Economic woes hit Dubai ratings

Standard & Poor's has cut the credit ratings of six Dubai government-backed entities and a leading property firm.

CapitaLand rights issue oversubscribed

Temasek takes up its 39.7% entitlement, but CapitaLand completes the deal without calling on underwriters. Meanwhile, Shinhan sets the price for its rights issue at a 25% discount.


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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.