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Dubai rent market stability in second half of 2009

Sherwoods Independent Property Consultants has announced that it has recently deployed new strategic initiatives to capitalise on an expected upswing in real estate business activities within the last two quarters of 2009, as the global financial downturn gives way to more positive changes in Dubai's property rental market.

Property developer calls for banks in Middle East to start lending again

Banks hold the key to reviving the Middle East property sector which is suffering a severe downturn, it is claimed.

Abu Dhabi freehold properties falling back to original prices

Landmark Advisory today launched its new Abu Dhabi Real Estate Report, which examines the price correction now unfolding in the freehold/leasehold market.

UAE real estate show organisers are optimistic of success

Real estate professionals from across the Middle East and beyond are still expected to be out in force for a UAE property show despite the economic slowdown.

Residence visa will help boost property market

Parag Deulgaonkar Emirates Business24-7 20.02.2009
Dubai's real estate industry 'at a low point'

Ryan Mahoney, Managing Director of Dubai's largest estate agency Better Homes, told AME Info that, in his view, the city's property market was close to hitting the bottom of the downturn that has brought the sector to a virtual standstill.

Residence visa will help boost property market

Residence visas for freehold property buyers in the UAE should have a validity period of at least two to three years as against the proposed six months to ensure stability and attract new investors, said Dubai-based developers.

 
UAE intervenes in merger as property woes mount

DUBAI (Reuters) - Two of the United Arab Emirates' largest mortgage lenders, already on track to merge, will be brought under a government-owned bank, the UAE finance ministry said on Sunday, in the first sign of federal government intervention in Dubai's troubled property sector.

 
 

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