News Archive: 2009: commercial property

26, 2009 November:

UAE developer hits South Africa

Abu Dhabi property developer, Royal Group, owned by royal Sheikh Tahnoon bin Zayed al-Nahyan, plans to build thousands of affordable residential properties in South Africa, the country's ambassador to the UAE has announced...

16, 2009 October:

RAK scheme part-suspended

The developer behind Ras Al Khaimah's first man-made islands, RAK Properties PJSC, has announced that it is to part-suspend the 12bn dirham (£2.2bn) project until the Ras Al Khaimah property market improves...

18, 2009 June:

Ajman project on track

Property developer Aqaar has confirmed that the first phase of Ajman One, the emirate's first fully integrated complex, is on schedule for completion and handover in Q1 2011...

03, 2009 June:

Nakheel to merge

State owned developer Nakheel is to merge with the real estate arm of the Dubai Multi Commodities Centre because of current market conditions...

28, 2009 April:

Ajman: must register before May

Developers and master developers in the Gulf emirate of Ajman have until the first of May to register to sell off plan properties or find themselves operating illegally...

10, 2009 March:

Gulf widening in Middle East

More developers in the Gulf are considering consolidation, cancellation of projects and redrawing future plans as the global downturn shows no sign of lessening in the region...

21, 2009 January:

Merging markets

More firms in the Middle East will need to merge to withstand the global financial crisis, it is claimed as two real estate companies in Qatar tie up...

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