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10th February, 2010, 00:30
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Real Estate
FEATURED REPORT...
Posted: 07-10-2008
UAE. Gulf Arab property firms launched US$100 billion of new projects yesterday on the first day of Cityscape Dubai, but the news failed to restore investor confidence as fears grew that the global credit crunch is biting and the local real estate market overheating. From a AED 350 billion (US$95 billion) beachfront project to a kilometre-high tower, developers at Dubai’s annual Cityscape exhibition launched the usual raft of mega-developments that have propelled the Gulf Arab commercial hub to international fame. Dubai mortgage lender Tamweel said it would launch up to AED 2 billion
Posted: February 9, 2010
UAE. Location and quality are driving apartment prices; while average prices decreased, select communities, including Palm Jumeirah and Downtown Burj Dubai, experienced slight increases according to Landmark Advisory's latest quarterly report.
Posted: February 8, 2010
UAE. Cityscape management announced today that Cityscape Dubai has been renamed as Cityscape Global, acknowledging how the event has already evolved into a significant international platform for the real estate industry.
Posted: February 8, 2010
UAE. "Due to unexpected high traffic, the observation deck experience at the Burj Khalifa... has been temporarily closed for maintenance and upgrade," Emaar said.
Posted: February 8, 2010
UAE. The programme will strategically and commercially align Aldar with reputable regional and international companies to build mutually beneficial long-term partnerships.
Posted: February 8, 2010
UAE. The pre-certification brings Dubai Pearl a step closer to setting a new precedent for sustainable urban communities in Dubai.
Posted: February 8, 2010
UAE. Rimal Engineering Products has today announced the completion of its work at the prestigious Sun and Sky towers on Reem Island, Abu Dhabi.
Posted: February 8, 2010
UAE. Global banks are now open for business at The Galleries at Downtown Jebel Ali, while the first cafes, restaurants and convenience stores are getting ready to move in to the mixed-use community development by Limitless.
Posted: February 7, 2010
UAE. With the UNGC membership, Dubai Properties Group joins an elite list of over 5,500 business participants and other stakeholders from more than 130 countries.
Posted: February 7, 2010
UAE. ADSB has announced that it will expand its Emirati management staff to 30% within the next five years to complement nationwide Emiratisation efforts.
Posted: February 5, 2010
UAE. Dubai World will seek to roll over a US$1.2 billion Islamic loan at its Limitless property unit due in March but it is unclear whether banks will agree in the absence of a standstill agreement.
Posted: February 5, 2010
UAE. NYU which will start building its Abu Dhabi campus this year, said it agreed with its government partners to require contractors to limit work hours, let workers keep their passports, and absorb recruitment costs.
Posted: February 4, 2010
QATAR. After a round of exclusive negotiations that began on 31 August 2009, Diar has agreed to the wholesale transfer of Cegelec in exchange for 31.5 million shares in Vinci.
Posted: February 3, 2010
UAE. The contract has been awarded by Arabian Construction Company and is valued at AED187 million (US$50.95 million).
Posted: February 3, 2010
UAE. Danube Building Materials posted more than four times growth in the last 5 years and reported an AED1 billion (US$272 million) sales turnover in 2009, despite the slump in the regional and global real estate and construction sectors last year.
Posted: February 2, 2010
INTERNATIONAL. The fifth annual edition of the GRES, launches today. The detailed report offers an incisive brand analysis of the Gulf real estate market during 2009, a year of record highs and lows.
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RedditMIDDLE EAST BUSINESS COMMENT & ANALYSIS
date:Posted: February 9, 2010
UAE. Location and quality are driving apartment prices; while average prices decreased, select communities, including Palm Jumeirah and Downtown Burj Dubai, experienced slight increases according to Landmark Advisory's latest quarterly report.
date:Posted: February 8, 2010
INTERNATIONAL. Trying to achieve financial goals by pouring all of one's assets into emerging markets today, telecommunications tomorrow, and Japanese small-cap stocks next week is not a guarantee for achieving a sound financial plan.
date:Posted: February 8, 2010
INTERNATIONAL. The latest survey shows 46% of respondents expect their business travel to increase, marking a rise by 22 points compared with figures of the same period in 2009.
IRAQ. Iraq accepted a Kurdish proposal on payments to producers working in the semi-autonomous region, the oil minister said.
INTERNATIONAL. Nowadays, the alchemists are the central bankers of the world, and they're successfully managing to turn the paper money their countries are producing (their devaluating currencies, that is) into the precious metal.
