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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: August 31, 2010
The S&P/Case Shiller composite index of 20 metropolitan areas rose 0.3% in June from May on a seasonally adjusted basis.
Posted: August 31, 2010
QATAR. Projects in the cities of Doha and Al Khor halted until the market improves. The company is going ahead with developments that have already started.
Posted: August 31, 2010
UAE. Interior fit-out company to source 80% of products from local suppliers, supporting UAE businesses and giving customers more control over quality and delivery times.
Posted: August 31, 2010
UAE. Danube Building Materials eyes growth amidst demand from US$714.8 billion worth of existing local construction projects.
Posted: August 31, 2010
UAE. In the first half of 2010 DIFC, in consultation with its clients, completed a comprehensive strategic review and analysis of the core business proposition.
Posted: August 30, 2010
INTERNATIONAL. House prices in England and Wales edged lower during August following a decrease in demand and an increase in the availability of homes for sale.
Posted: August 30, 2010
SAUDI ARABIA. Inaugural Cityscape Riyadh to highlight rapid growth of capital's real estate sector.
Posted: August 30, 2010
Nakheel plans to sell bonds by the end of the year to cover 60% of its total outstanding debt.
Posted: August 29, 2010
UAE. MSc Intelligent Buildings Design and Automation (IBDAA) programme at the British Uninversity in Dubai to fill construction sector gap.
Posted: August 29, 2010
SAUDI ARABIA. The market is now showing gradual signs of recovery, particularly in prime residential districts which have witnessed a rise of 3% in sale prices during the past 12 months.
Posted: August 26, 2010
UAE. Dubai developer plans to sign the sale agreement, for less than the asking priceof US$ 410 million, in the next ten days, its Chairman said.
Posted: August 26, 2010
UAE. Nakheel will face the risk of running out of cash in 2015 unless it starts new developments and sell land in three to five years, the report said.
Posted: August 25, 2010
UAE. Interest rates starting from 5.75%, loan-to-value ratio of up to 85%, mortgage tenures of up to 30 years.
Posted: August 24, 2010
INTERNATIONAL. Biggest one-month drop ever. single family sales - accounting for the bulk of transactions - are at the lowest level in 15 years.
Posted: August 23, 2010
UAE. Developers are focused on delivery and working hand-in-hand with contractors as local market starts to gain momentum.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 2, 2010
INTERNATIONAL. The triangle pattern has taken nearly 9 months so far, and a move over US$19.50 could start a multi-month run targeting US$26-US$29 per ounce for starters before a broad pullback.
date:Posted: September 1, 2010
UAE. Given the recent developments in Saudi Arabia and India, there is now a greater level of hope that the TRA and RIM will reach an agreement about the manner in which BB Messenger services are provided.
date:Posted: September 1, 2010
UAE. GCC Telecom markets are on the verge of saturation, while prices decline due to increasing competition, resulting in telcos profits being under very high pressure.
INTERNATIONAL. Masood Ahmed, Director of the IMF's Middle East and Central Asia Department, described the flooding as a "human catastrophe that is still evolving." Reconstruction costs expected to run into billions of dollars.