<rss version="0.91">
<channel>
<title>www.bi-me.com RSS feed for &#8211; Real Estate</title>
<link>http://www.bi-me.com</link>
<description>Middle Eastern Business News and Data</description>
<language>en-us</language>
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<title><![CDATA[US home price rise better than forecast]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48146</link>
<description><![CDATA[The S&amp;P/Case Shiller composite index of 20 metropolitan areas rose 0.3% in June from May on a seasonally adjusted basis.]]></description>
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<title><![CDATA[Qatar developer Barwa halts US$9.2 billion of projects ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48145</link>
<description><![CDATA[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.]]></description>
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<title><![CDATA[Asteco launches fit-out company &#039;Buy Dubai&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48133</link>
<description><![CDATA[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.]]></description>
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<title><![CDATA[UAE construction market poises for rebound, says Danube]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48130</link>
<description><![CDATA[UAE. Danube Building Materials eyes growth amidst demand from US$714.8 billion worth of existing local construction projects.]]></description>
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<title><![CDATA[Dubai International Financial Centre says cost of doing business will be reduced to encourage growth]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48129</link>
<description><![CDATA[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.]]></description>
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<title><![CDATA[UK house prices fall as demand, first time buyers drop]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48125</link>
<description><![CDATA[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.]]></description>
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<title><![CDATA[Saudi capital&#039;s retail space to reach 2.9 million sqm by 2014 as part of &#039;New Riyadh&#039; vision]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48122</link>
<description><![CDATA[SAUDI ARABIA. Inaugural Cityscape Riyadh to highlight rapid growth of capital&#039;s real estate sector.]]></description>
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<title><![CDATA[Nakheel to pay US$408 million to trade creditors next month, says Chairman]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48108</link>
<description><![CDATA[Nakheel plans to sell bonds by the end of the year to cover 60% of its total outstanding debt.]]></description>
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<title><![CDATA[UAE construction industry needs specialists in environmentally-responsive buildings]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48079</link>
<description><![CDATA[UAE. MSc Intelligent Buildings Design and Automation (IBDAA) programme at the British Uninversity in Dubai to fill construction sector gap.

]]></description>
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<title><![CDATA[Saudi Arabia real estate prices rise as growing population drives demand]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48081</link>
<description><![CDATA[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.

]]></description>
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<title><![CDATA[Union Properties to sell Dubai Ritz-Carlton hotel]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48046</link>
<description><![CDATA[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.]]></description>
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<title><![CDATA[Nakheel trade Sukuk fair value estimated in low 60 cents, says JPMorgan ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48045</link>
<description><![CDATA[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.]]></description>
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<title><![CDATA[Abu Dhabi Finance to offer mortgages for Bloom Gardens villas]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48003</link>
<description><![CDATA[UAE. Interest rates starting from 5.75%,  loan-to-value ratio of up to 85%, mortgage tenures of up to 30 years.]]></description>
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<title><![CDATA[US existing-home sales plunge 27.2% in July]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47994</link>
<description><![CDATA[INTERNATIONAL. Biggest one-month drop ever. single family sales - accounting for the bulk of transactions - are at the lowest level in 15 years.

]]></description>
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<title><![CDATA[Steadily improving contractor payment time reflects gradual turnaround of UAE&#039;s construction sector ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47975</link>
<description><![CDATA[UAE. Developers are focused on delivery and working hand-in-hand with contractors as local market starts to gain momentum.
]]></description>
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<title><![CDATA[ABB wins US$4.5 million power deal from Abu Dhabi&#039;s Aldar ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47960</link>
<description><![CDATA[UAE. ABB to design and install four state-of-the-art substations for the Al Muneera Apartment, a major highlight of the Raha Beach project.]]></description>
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<title><![CDATA[Emaar certified to offer management services for Owners Associations ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47959</link>
<description><![CDATA[UAE. Initially, Emaar will focus on offering its expertise in community management to the Owners Associations in the developer&#039;s own communities including Downtown Dubai, which is anchored by Burj Khalifa.]]></description>
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<title><![CDATA[American Hardwood Export Council eyes prospects in growing UAE market]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47945</link>
<description><![CDATA[UAE. High-impact event to highlight environmental credentials of US hardwood products and their importance in sustainable design. 

]]></description>
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<title><![CDATA[Dubai&#039;s Masharie forms new MEP joint venture ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47941</link>
<description><![CDATA[UAE. The private equity investment arm of Dubai Investments, has announced the formation of a new joint venture company with Al Arif Investment]]></description>
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<title><![CDATA[Nakheel made US$680 million payment to creditors, says Chairman]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47936</link>
<description><![CDATA[UAE. Nakheel has approval from 80% of trade creditors for restructuring, has no plans to sell assets.]]></description>
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<title><![CDATA[UAE residents call for &#039;green&#039; developments, says YouGov Siraj ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47890</link>
<description><![CDATA[UAE. Over half (58%) are aware of the term Green Building.]]></description>
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<title><![CDATA[Affordable housing is new frontier of Middle East real estate sector, says AT Kearney]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47885</link>
<description><![CDATA[UAE. AT Kearney sees affordable housing market in the MENA region worth US$125 million annually. 
]]></description>
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<title><![CDATA[Arabian Construction Company to build Jordan&#039;s tallest building]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47874</link>
<description><![CDATA[UAE. ACC awarded Rotana Hotel Tower project worth in Abdali, Jordan. ]]></description>
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<title><![CDATA[Saudi Arabia to spend US$40 billion to construct smart buildings in the next eight years]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47864</link>
<description><![CDATA[SAUDI ARABIA. Smart buildings help save 30% on energy, cut dioxide emissions and water consumption by half and reduce building waste by 90%.

]]></description>
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<title><![CDATA[Dubai&#039;s Deyaar may abandon Flamingo Creek project ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47851</link>
<description><![CDATA[UAE. The management is of the view the transaction has become void and therefore should be reversed.]]></description>
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<title><![CDATA[Retailers commit to Palm Jumeirah&#039;s Golden Mile]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47843</link>
<description><![CDATA[UAE. In addition to retail commitments by Starbucks, Pinkberry, Boots Pharmacy and Optivision, the UK supermarket chain Waitrose will become the island&#039;s first full line Supermarket.]]></description>
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<title><![CDATA[Emaar sold Hamptons units to Countrywide ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47830</link>
<description><![CDATA[UAE. Dubai&#039;s largest developer sold the unit with effect from June 1 for US$116.6 million incurring a loss of US$10.5 million.]]></description>
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<title><![CDATA[Dubai developer Deyaar posts US$66.2 million second quarter net loss]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47778</link>
<description><![CDATA[UAE. Dubai&#039;s second-largest property developer by market value Deyaar on Thursday said it swung to a net loss in the second quarter.
]]></description>
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<title><![CDATA[Lehman Brothers Europe sues Dubai Holding unit over swap transactions]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47757</link>
<description><![CDATA[INERNATIONAL. The case is &quot;a straightforward financial dispute regarding the valuation of certain swap transactions entered into between the parties&quot;.]]></description>
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<title><![CDATA[Saudi Arabia unveils US$385 billion development plan]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47727</link>
<description><![CDATA[The measure for 2010 to 2014 is 67% larger than the previous five-year plan; Funds will be used to develop human resources, education, housing and transportation infrastructure.]]></description>
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<title><![CDATA[DIFC Investments &#039;B+/B&#039; ratings affirmed on US$1 billion restructuring, assets disposal plan]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47710</link>
<description><![CDATA[UAE. DIFCI has started a restructuring plan aiming to divest noncore investments. S&amp;P is removing the company from CreditWatch negative, and assigning a negative outlook.
]]></description>
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<title><![CDATA[Dubai real estate oversupply to leave quarter of residential homes, more than half offices empty by 2012]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47615</link>
<description><![CDATA[UAE. UAE set to become more attractive place to live and work as rents decline in Dubai and Abu Dhabi on oversupply, says Landmark Advisory report.]]></description>
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<title><![CDATA[Arabtec second quarter profit declines 40% ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47566</link>
<description><![CDATA[UAE. Profit fell to AED111 million from AED183.9 million a year earlier, missing estimates.]]></description>
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<title><![CDATA[Dohaland, Premier Inn in joint venture deal]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47557</link>
<description><![CDATA[QATAR. 200 room budget hotel to be built at Doha Education City.]]></description>
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<title><![CDATA[Abu Dhabi&#039;s Aldar shares fall as S&amp;P cuts developer to junk]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47556</link>
<description><![CDATA[UAE. The developer&#039;s long-term issuer credit rating was lowered six levels to BB- from A- by S&amp;P, citing declining profits real estate prices and government support assumptions. ]]></description>
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<title><![CDATA[Dubai house prices fall 4% in second quarter on oversupply, declining rental income]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47533</link>
<description><![CDATA[UAE. Colliers International Q2 2010 Dubai House Price Index recorded the first quarter-on-quarter contraction in 12 months, still shows a 7% increase in overall house price values year-on-year. 

]]></description>
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<title><![CDATA[Aldar reports first half loss of US$215.1 million ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47502</link>
<description><![CDATA[UAE. Strong focus on addressing first half challenges in preparation for improved second half and upcoming key project delivery.]]></description>
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<title><![CDATA[Al-Futtaim Engineering wins contracts worth US$22.6 million]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47499</link>
<description><![CDATA[UAE. The contracts will see the Al-Futtaim group company&#039;s Elevators&#039; Division supply 79 elevators and 12 escalators for major real estate projects.]]></description>
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<title><![CDATA[Abu Dhabi, Dubai office rents falling, will drop further on supply abundance ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47493</link>
<description><![CDATA[UAE. Abu Dhabi office rents fell 27% in the second quarter  and by as much as 17% in Dubai from a year earlier, as supply increases outstripped demand.]]></description>
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<title><![CDATA[Hamptons MENA expands Egypt office to Uptown Cairo ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47488</link>
<description><![CDATA[EGYPT. Egypt Sales Centre will now operate from Emaar Misr&#039;s master-planned community.]]></description>
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<title><![CDATA[Visiting German delegation given comprehensive overview on new investment opportunities in Ras Al Khaimah]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47470</link>
<description><![CDATA[UAE. Business delegation keen on leveraging emirate&#039;s geographic location and business friendly policies to tap Middle East markets.  

]]></description>
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<title><![CDATA[Emaar rated &#039;overweight&#039; at Morgan Stanley]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47466</link>
<description><![CDATA[INTERNATIONAL. Emaar offers strong recurring revenue through malls and hotels in Dubai, and exposure to non-UAE property markets, Morgan Stanley said.]]></description>
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<title><![CDATA[Abu Dhabi Sorouh reports 79% drop in second quarter net profit]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47436</link>
<description><![CDATA[UAE. Net income dropped to AED30.8 million (US$8.4 million) from AED148.3 million a year earlier. Revenue dropped to AED189.8 million from AED978.2 million. ]]></description>
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<title><![CDATA[Arabtec in US$680 million deal for La Hoya Bay Project in Ras Al Khaimah]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47425</link>
<description><![CDATA[UAE.  Arabtec Holding  said it signed an accord with Khoie Properties for the construction of the La Hoya Bay Development on Ras Al Khaimah&#039;s Marjan Island.

]]></description>
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<title><![CDATA[India&#039;s DLF to buy out Dubai World&#039;s stake in JV]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47421</link>
<description><![CDATA[INTERNATIONAL. A unit of DLF will buy the stake owned by Limitless Group, which is a part of Dubai World, in Bidadi Knowledge City in southern Karnataka state,]]></description>
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<title><![CDATA[Waha Capital second quarter net drops 90% to US$$1.6 million as revenue falls]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47404</link>
<description><![CDATA[UAE. Revenue fell to AED97.3 million from AED150.2 million, it said.]]></description>
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<title><![CDATA[Qatari Diar settles lawsuit over London Chelsea Barracks with CPC]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47384</link>
<description><![CDATA[INTERNATIONAL. CPC &quot;will no longer have any interest in, or involvement with, the former Chelsea Barracks site,&quot; the companies said in the statement.]]></description>
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<title><![CDATA[Capital District leads Abu Dhabi&#039;s sustainability vision ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47391</link>
<description><![CDATA[UAE. Abu Dhabi Urban Planning Council defines Capital District&#039;s Sustainability Policy and Framework Plan.]]></description>
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<title><![CDATA[Barwa gets US$3.5 billion Islamic financing from Qatari Diar]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47364</link>
<description><![CDATA[QATAR. The financing for Barwa City Real Estate  is in two murabaha contracts: the first provides US$1 billion maturing in July 2015, and the second US$2.5 billion due July 2020.]]></description>
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<title><![CDATA[Emaar posts second quarter net profit growth of 37%, first half increase at 122% ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47357</link>
<description><![CDATA[UAE. The highlight of the second quarter was the opening of the world&#039;s first Armani Hotel in Burj Khalifa, the world&#039;s tallest building. In addition, the handover of units in Burj Khalifa started during the quarter with approximately 24% handed over until June end.

]]></description>
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<title><![CDATA[Dubai World begins meeting with lenders]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47348</link>
<description><![CDATA[UAE. Dubai World began presenting its US$23.5 billion debt restructuring plan to about 70 banks today.]]></description>
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<title><![CDATA[UK tax changes have significant impact on many Brithish expatriates]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47311</link>
<description><![CDATA[INTERNATIONAl. Rise in Capital Gains Tax to 28% for higher rate taxpayers will affect some British expatriates selling property they own in the UK; deVere Group&#039;s UK Budget survey shows need for financial advice stronger than ever.
]]></description>
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<title><![CDATA[Ras Al Khaimah outlines growth roadmap, lifestyle offerings]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47306</link>
<description><![CDATA[UAE. RAKIA attracts over 6,500 businesses from all over the world in just under five years; Al Hamra Village offers 100% freehold properties in one of the UAE&#039;s most prestigious coastal developments.]]></description>
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<title><![CDATA[Jordan real estate market records first quarterly growth since start of downturn ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47268</link>
<description><![CDATA[JORDAN. Improved financing turns fortunes around as prices increa between one and 3%, with rentals jumping up to 4%, reveals new Asteco report.

]]></description>
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<title><![CDATA[Abu Dhabi rents continue to fall on increased supply ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47258</link>
<description><![CDATA[UAE. Residential rentals falling up to 20%; Villas decline an additional 9%; Commercial rents down 10% since March, according to Landmark Advisory report.

]]></description>
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<title><![CDATA[Demand for studios brings price stability in UAE&#039;s Northern Emirates]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47241</link>
<description><![CDATA[UAE.  One- two- and three-bedroom apartment prices in Sharjah fell 8%, 4% and 6% respectively, says Asteco report.]]></description>
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<title><![CDATA[Dohaland awards contract to Drake &amp; Scull unit ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47240</link>
<description><![CDATA[QATAR. Drake &amp; Scull Water and Power L.L.C to design, build and service two plants in the Musheireb project. 

]]></description>
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<title><![CDATA[Dubai real estate to remain &#039;under pressure&#039; at least until 2012-2013, says Fitch ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47220</link>
<description><![CDATA[UAE. Real estate corporates may face significant refinancing risks given upcoming debt maturities. The sector is likely to see a period of stagnant growth at best, and a &#039;double-dip&#039; contraction at worst.]]></description>
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<title><![CDATA[New eco-friendly leaseback development in La Camargue, South of France ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47191</link>
<description><![CDATA[INTERNATIONAL. Due to its national park status, property development is limited in La Camargue with only a handful of truly eco-friendly properties available to purchase]]></description>
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<title><![CDATA[European real estate investment grows to US$30.3 billion in the second quarter of 2010]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47163</link>
<description><![CDATA[INTERNATIONAL. Investment activity remained concentrated in the UK, Germany and France, which together accounted for 62% of the European investment total. 
]]></description>
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<title><![CDATA[Nakheel seeks bank creditors repayment over 5-7 years]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47131</link>
<description><![CDATA[UAE. &quot;It&#039;s an important step but no specific resolutions were sought today. It was a presentation of detailed terms,&quot; Nakheel said. ]]></description>
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<title><![CDATA[Dubai apartment rents fell up to 8% in the second quarter, sale prices stable]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47126</link>
<description><![CDATA[UAE. Palm Jumeirah villas remain the most expensive at AED1,800 per square foot. At the opposite end, The Green Community villas selling for AED700 per square foot.



]]></description>
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<title><![CDATA[Mubadala launches joint venture with Pramerica Real Estate Investors in Abu Dhabi]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47116</link>
<description><![CDATA[UAE. Mubadala Pramerica REI will raise capital from investors to fund and invest in real estate projects in Abu Dhabi and other global markets.]]></description>
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<title><![CDATA[Qatari Diar Finance sets price talk]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47113</link>
<description><![CDATA[INTERNATIONAL. Qatari Diar Finance on Tuesday set price talk on its US$3.5 billion two-part note sale, said IFR, a Thomson Reuters service.]]></description>
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<title><![CDATA[Qatar residential rents down 4% in second quarter, but market begins to stabilise]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47103</link>
<description><![CDATA[QATAR. Increase in stock forces slight price reduction over past three months across apartments and villas, while sales remain subdued, says Asteco Q2 report.

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<title><![CDATA[Emaar second quarter earnings may &#039;surprise on the upside&#039; on Burj Kalifa handover, says Deutsche Bank ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47085</link>
<description><![CDATA[UAE. Emaar remains Deutsche&#039;s top pick, offering undervalued recurring income-generating assets and reduced exposure to the Dubai market.]]></description>
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<title><![CDATA[UAE residents upgrading to larger rental properties as prices fall, reveals new research by YouGov Siraj]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47072</link>
<description><![CDATA[UAE. In an uneasy economic climate, over a third of current UAE residents have opted to switch homes in the last year, with many opting for larger rental properties.]]></description>
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<title><![CDATA[Abu Dhabi residential rents falling up to 15%, says Asteco report]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47056</link>
<description><![CDATA[UAE. Increased supply puts more downward pressure on rents for older properties while subdued sales activity holds prices for villas and apartments, says Asteco in Q2 report.]]></description>
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<title><![CDATA[Dubai Properties offers affordable apartment options at &#039;Al Khail Gate Community&#039; ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47047</link>
<description><![CDATA[UAE. Leasing campaign features spacious new units at reasonable rates to satisfy new market demand in Dubai.]]></description>
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<title><![CDATA[Emaar hosts &#039;Jeddah Knowledge City&#039; event  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47042</link>
<description><![CDATA[SAUDI ARABIA. Held at Jeddah Gate Sales Centre, the project developed by four KAAU students, highlights Emaar&#039;s focus on promoting knowledge initiatives of Saudi youth.

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<title><![CDATA[Arabtec received Nakheel&#039;s 40% arrears, says CEO ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47026</link>
<description><![CDATA[UAE. Arabtec Holding received payment from Nakheel representing 40% of its arrears, Thomas Barry, chief executive officer of Arabtec Construction said. 

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<title><![CDATA[Cluttons announces Joint Venture with VPC in Far East]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47020</link>
<description><![CDATA[UAE. Leading international property consultancy and chartered surveyors, Cluttons has today agreed terms for a strategic alliance and business venture with VPC Asia Pacific, to undertake commercial property consultancy operations across the region.
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<title><![CDATA[Risk appetite for global investment in focus at Cityscape]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47013</link>
<description><![CDATA[UAE. Middle East investors keen to examine risk versus reward of developed, emerging and frontier real estate markets.]]></description>
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<title><![CDATA[Limitless sells stake in Malaysian venture]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46999</link>
<description><![CDATA[INTERNATIONAL. Malaysian property developer Bandar Raya Developments said its subsidiary has bought 60% of a building company from Limitless.]]></description>
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<title><![CDATA[Qatari Diar seeks to raise US$3.5 billion in bond sale]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46986</link>
<description><![CDATA[QATAR. Qatari Diar, the property arm of Qatar&#039;s sovereign wealth fund, is expected to launch a roadshow for the sale in London.]]></description>
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<title><![CDATA[Arabtec expects Nakheel&#039;s 40% cash payment today]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46972</link>
<description><![CDATA[UAE. (Update 1) Thomas Barry, chief executive officer of Arabtec Construction, declined to disclose the amount the company expects to receive.]]></description>
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<title><![CDATA[UAE house prices set for further falls in 2010 as residential supply expands]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46975</link>
<description><![CDATA[UAE. Residential property prices in Dubai have plunged 55% from their peaks in the third quarter of 2008, according to the median estimate of 14 banks, investment firms and research institutions.]]></description>
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<title><![CDATA[Nakheel to make all cash payments by end-July]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46938</link>
<description><![CDATA[UAE. Trade creditors owed more than AED500,000 have been offered full repayment by the developer with 40% in cash. ]]></description>
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<title><![CDATA[Qatari Diar Finance proposed state-guaranteed bonds assigned &#039;AA&#039; preliminary rating]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46944</link>
<description><![CDATA[INTERNATIONAL. The bonds benefit from an unconditional and irrevocable guarantee by the State of Qatar, and we have therefore equalized the rating on the bonds with the long-term issuer credit rating on the State, said S&amp;P.]]></description>
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<title><![CDATA[Drake &amp; Scull wins second major Saudi contract ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46943</link>
<description><![CDATA[SAUDI ARABIA. MEP works contract for the iconic Information Technology and Communications Centre (ITCC) project in Riyadh worth US$125.3 million. 

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<title><![CDATA[Dubai population grows 7.5% to 1.8 million]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46939</link>
<description><![CDATA[UAE. Analysts believe lower rents and living costs drew migrants from neighbouring emirates to Dubai.]]></description>
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<title><![CDATA[Green property market in the UAE is viable within 2-3 years]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46927</link>
<description><![CDATA[UAE. Landmark Advisory survey conducted in conjunction with Cityscape Intelligence indicates that Implementing green development regulation is less contentious than green retrofitting rules.]]></description>
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<title><![CDATA[Nakheel Chairman sees lender deal by next week]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46881</link>
<description><![CDATA[UAE. Nakheel plans to meet with bank lenders on July 14, its chairman Ali Rashid Lootah told the UAE-based English daily Khaleej Times.]]></description>
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<title><![CDATA[Grand Paris project joins Abu Dhabi&#039;s World Sustainable Capitals initiative]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46873</link>
<description><![CDATA[UAE. Abu Dhabi Urban Planning Council and Abu Dhabi Council for Economic Development introduce Grand Paris to the urban development programme.]]></description>
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<title><![CDATA[Dubai property market presents buyers with the upper hand, says Cluttons]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46861</link>
<description><![CDATA[UAE. The findings of the report support the belief that Dubai currently represents a buyer&#039;s market, offering softer prices that allow potential property purchasers a strong negotiating position across all sectors.]]></description>
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<title><![CDATA[Property owners may get that &#039;sinking&#039; feeling over fees]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46846</link>
<description><![CDATA[UAE. MAG Me Property Solution advises owners on &#039;hidden&#039; depreciation costs of mechanical, electrical and plumbing (MEP) equipment.]]></description>
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<title><![CDATA[Damac awards Saudi construction contract to Drake &amp; Scull]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46839</link>
<description><![CDATA[SAUDI ARABIA. The US$120 million contract is for the construction of Damac&#039;s Al Jawharah project in Jeddah.]]></description>
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<title><![CDATA[New board at Dubai&#039;s Economic Zones World]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46809</link>
<description><![CDATA[UAE. The board of Nakheel will take over the responsibility of Limitless, another developer owned by Dubai World, and will work on supporting EZW&#039;s businesses &#039;in accordance with the global and regional economic situation&#039;.]]></description>
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<title><![CDATA[Abu Dhabi developer Sorouh signs US$640 million credit facility]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46778</link>
<description><![CDATA[UAE. The four-year facility, a combination of term loans and revolving credit with both conventional and Islamic tranches, is secured by a portion of Sorouh&#039;s land bank.]]></description>
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<title><![CDATA[Nakheel starts cash payments to creditors]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46776</link>
<description><![CDATA[UAE.  Nakheel said it has started making cash payments to trade creditors, in the second phase of a repayment schedule, and is restarting several projects put on hold during the downturn.]]></description>
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<title><![CDATA[Bahrain&#039;s real estate market: still adjusting to the realities of the global downturn]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46743</link>
<description><![CDATA[BAHRAIN. The freehold residential market in Bahrain has moved from the speculative investor to an end user market which has resulted in falling sales prices, reveals the DTZ  Bahrain real estate market report for Q1 2010.]]></description>
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<title><![CDATA[Vacancy rates in Dubai&#039;s commercial property set to rise above 50% in 2011]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46736</link>
<description><![CDATA[UAE. Oversupply in Dubai&#039;s commercial property will push vacancy rates to more than 50% in 2011, according to Jones Lang LaSalle.]]></description>
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<title><![CDATA[Construction of first villa on Dubai&#039;s  The World begins ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46732</link>
<description><![CDATA[UAE. Kleindienst Group appoints City Diamond Contracting  to build first luxury holiday villas on The Heart of Europe Project.]]></description>
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<title><![CDATA[Emerging markets take centre stage at Cityscape Global ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46716</link>
<description><![CDATA[INTERNATIONAL. Investor confidence rises as Kuwait, Qatar &amp; UAE in global top six of millionaire density - GCC Sovereign Wealth Funds top US$1.3 trillion. ]]></description>
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<title><![CDATA[Riyadh residential market poised for recovery, says Jones Lang LaSalle ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46693</link>
<description><![CDATA[SAUDI ARABIA. Jones Lang LaSalle expects to see a cyclical recovery in the Riyadh housing market, with prices capable of growing 5-10% p.a. over the next 2 years.
]]></description>
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<title><![CDATA[Emaar Properties and Countrywide announce new agreement with Hamptons International]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46678</link>
<description><![CDATA[UAE. New deal enables Dubai-based Emaar Properties to concentrate on its strategic markets in the Middle East and North Africa region.]]></description>
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<title><![CDATA[Qatar Investment fund set to buy London&#039;s Canary Wharf]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46674</link>
<description><![CDATA[INTERNATIONAL. Qatar Investment Authority plans to spend more than US$700 million to buy the 76% of Songbird it does not already own, according to the Times.]]></description>
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<title><![CDATA[Former Dubai Properties chairman freed ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46661</link>
<description><![CDATA[UAE.  Hashim al-Dabal was reported arrested in October and was accused of embezzlement. Dubai&#039;s attorney general says the investigation is ongoing.]]></description>
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<title><![CDATA[ETA Star expands in India, consolidate in UAE]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46647</link>
<description><![CDATA[UAE. ETA Ascon Star will hand over three projects in Dubai in 2010 and continue to launch bigger community and smaller inner-city projects in Chennai and Bangalore.]]></description>
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<title><![CDATA[VERTICA real estate launched to attract foreign direct investment to Lebanon]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=46644</link>
<description><![CDATA[LEBANON. The company will  focus initially on the Lebanese market as expectations are that Lebanon&#039;s economy will grow by up to 8% this year due to high capital inflows.  
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