Real Estate


UAE’s Emaar still interested in Lombok project

Staff Writer Asia Pulse 11.03.2010
Emaar to build another Address Hotel in Dubai

Dubai: Emaar Properties will build the sixth addition to its The Address Hotels — The Address The BLVD, a five star premium hotel and serviced residences, the property developer announced Sunday.

UAE’s Emaar still interested in Lombok project

Dubai-based property developer Emaar Properties on Tuesday denied a report that it had pulled out of the long delayed US$600 million tourism project in Bali´s neighboring island of Lombok.

Emaar Leads U.A.E. Property Shares Lower as Profit Declines

United Arab Emirates real-estate shares declined after Emaar Properties PJSC, the country’s biggest developer, said first-quarter profit dropped 74 percent as the global financial crisis hurt home sales.

Dubai property prices to 'trough 70% down on peak'

A report on the UAE property sector has concluded that prices for residential property in Dubai may bottom out at between 57% and 70% from the peak levels seen in Q4 2008. The report also downgraded Emaar and Union Properties from a 'Neutral' rating to 'Sell'.


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