Home
Real Estate
Cars

UAE

Most Dubai property projects on hold

Middle East Business Intelligence 10.03.2009

Arabtec forms Saudi construction firm with locals

Colin Foreman Middle East Business Intelligence 10.03.2009
Most Dubai property projects on hold

Developers have stopped work on more than 50 per cent of Dubai real estate projects that were scheduled for completion between 2009 and 2012, says Jones Lang LaSalle.

Arabtec forms Saudi construction firm with locals

Dubai-based Arabtec Construction has established a new construction company in the kingdom in partnership with two local companies, CPC Services Company and Prime International Group Services.

More than half of Dubai projects now on hold or cancelled

Business Intelligence Middle East 09.03.2009
More than half of Dubai projects now on hold or cancelled

More than 50% of the announced residential and commercial projects due for completion between 2009 and 2012 have been either put on hold or cancelled, said a report out today from property experts Jones Lang LaSalle. This reflects the lack of available funding and projections of declining population along with continuing job cuts.

Dubai real estate, hotel industries decline sharply

Palm-shaped islands, the world's tallest tower and the seven-star sail-shaped hotel are icons of Dubai’s once-booming real estate and hotel sectors that have been hit hard by the financial crisis as more than half of the residential and commercial property projects due for completion in Dubai through 2012 have been put on hold or cancelled amid the steepest decline in hotel occupancy rates in five years.

Home buyers tackle Hydra

Bradley Hope The National 08.03.2009
Abu Dhabi Property Sector: Calm amid the Storm

Until recently, the Abu Dhabi property sector was confident and appeared better poised to ride out the storm, even as the market in Dubai slows down.

Home buyers tackle Hydra

A group of more than 50 property buyers is asking Hydra Properties to guarantee its investments as the market for home sales slows in Abu Dhabi.

Properties in Dubai and Abu Dhabi among most expensive: Cushman & Wakefield

According to a new study by Cushman & Wakefield (C&W), a commercial real estate services firm, Dubai and Abu Dhabi are on the list of the top 10 commercial property locations in the world. While Dubai's occupancy cost stood at about Dh5577 per sq m per year in 2008, office space in Abu Dhabi could be rented at Dh3613 per sq m per year.

Dubai property developer slashes prices by up to 30%

Dubai-based construction firm Mada'in Properties has announced that it is cutting the price of its residential properties by as much as 30% due to the economic and Dubai property market downturn.

Is Dubai property market bottoming out?

Homes Overseas 07.03.2009
Dubai property developer announces hand overs for 260 homes

The finishing touches are being put to a key homes development in one of Dubai’s biggest mixed-use real estate schemes.

Is Dubai property market bottoming out?

Property agents say that there are signs that the Dubai property market may be close to the bottom of the economic cycle, according to a report in The National.


[««] | « prev | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | next »




 
_________________________________________________________________________
 
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.