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Published On: 04 Apr, 2009
Construction looks set to pick up |
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A softening in prices of building materials is expected to kick the construction industry back into action this year, after a first quarter marked by project delays, industry experts
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Published On: 04 Apr, 2009
Dubai land sales exceed Dh1.16b |
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| The total value of land transactions in Dubai last week reached Dh1.79 billion, of which sales exceeded Dh1.16 billion.
The total value of mortgages during the period was Dh635.76 million,
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Published On: 02 Apr, 2009
FTSE launches new global real estate indices |
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Following the December 2008 expansion of the FTSE EPRA/NAREIT Global Real Estate Index Series to include Emerging markets, the new Global indices now represent a composite of both Developed and
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Published On: 01 Apr, 2009
Limitless lays off 7% of its staff |
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Dubai-based property developer Limitless has made 38 staff redundant and is reviewing its developments as a result of the global economic downturn, reported The National. The cuts equal seven per
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Published On: 01 Apr, 2009
HSBC eases mortgage lending rules |
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HSBC Bank Middle East Limited, which had drastically cut back on mortgage lending due to the credit crunch, today announced that it raised its loan-to-value ratio for financing to 75% on
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Published On: 01 Apr, 2009
Dubai Rera Delays Rent Index Update |
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| The Real Estate Regulatory Agency (Rera) has delayed publishing an updated index of rents for Dubai, due in April, because of delays in gathering data.
An agency
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Published On: 31 Mar, 2009
Construction begins on Memon Investments |
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The groundbreaking ceremony follows the developer's decision to award an Dhs2.4m shoring and excavation contract to the International Foundation Group (IFG).
The developer also announced
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Published On: 31 Mar, 2009
Dubai to get 28,000 new units this year |
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A new report by EFG-Hermes report says 28,000 units will be delivered in Dubai this year, as against an expected 33,000 units handed over in 2008. The assumptions on the supply numbers are
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Published On: 31 Mar, 2009
India to buy $20m worth of Emaar MGF property |
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The Indian government will buy up to $20m worth of flats from Emaar MGF Land, according to a report by the Business Standard newspaper. It said M. Ramchandran, secretary at the Ministry of Urban
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Published On: 31 Mar, 2009
Tamweel calls for more property support |
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Sheikh Khaled bin Zayed, chairman of Tamweel, the UAE's home finance provider, has said that the government must provide liquidity in the real estate sector to limit the drop in property prices
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Published On: 31 Mar, 2009
Dubai freehold prices continue slide |
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Freehold property prices in Dubai have plunged by as much as 70% since March of last year. The average price of a home in Signature Villas on Palm Jumeirah dropped to Dhs12m from a range of
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Published On: 31 Mar, 2009
Construction officially begins on Memon Investments |
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Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, the Memon Group of Companies, has kicked off the initial construction works on the
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Published On: 31 Mar, 2009
Egypt |
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| in cooperation with pioneering global marketing specialist Lead Marketing Solutions, will organize the latest edition of what is considered the largest real estate exhibition and forum in Egypt,
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Published On: 31 Mar, 2009
Occupied commercial space most attractive investment destination |
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"In the current market environment, companies looking to acquire properties will need some certainty as to the cash flow an asset will produce," said Robert Mckinnon, Managing Director of
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Published On: 31 Mar, 2009
No changes to April |
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An updated Dubai rental index, due out in April, may not be based on new rental values in the emirate after all, an official at the Real Estate Regulatory Authority (RERA) has said.
In
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Published On: 31 Mar, 2009
Higher mortgage deposits |
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Higher mortgage deposits could limit future speculation in the region’s real estate market and would deter expats from leaving Gulf countries with unpaid debt, a senior Deutsche Bank strategist
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Published On: 31 Mar, 2009
'Sanaya Amman project on time' |
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| AMMAN -- LimitlessLimitless LLC, a Dubai World company, will proceed as scheduled with its plans to build the Sanaya Amman project, the company's regional director told journalists.
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Published On: 31 Mar, 2009
DP World did not cancel any current or future contracts |
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Jamal Bin Thaniah, DP World Executive Vice Chairman says the company reviews terms of London Gate's contract and confirms the company is committed to the MoU signed with King Abdullah Economic
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Published On: 30 Mar, 2009
Property Remains Long-term Financial Security: Poll |
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| DUBAI - Property has been traditionally considered as the safest choice for those who are after long-term investment. And even with the slowdown, people continue to see property investment as a
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Published On: 30 Mar, 2009
SmartCity Malta phase one set for 2009 |
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SmartCity Malta, a joint Tecom Investments and Sama Dubai project with the government of Malta, is on track the group has said. The first phase of the $300m project will be developed in 2009,
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