News Archive: 2009: economics

22, 2009 December:

Dubai ‘delaying UAE recovery'

The recent chain of events in Dubai could delay the recovery for the United Arab Emirates real estate sector and put renewed downward pressure on property prices and rentals, it is claimed...

14, 2009 December:

Abu Dhabi bails out Dubai

Abu Dhabi has bailed out struggling Dubai based developer Nakheel to enable it to pay a $4.1 billion sukuk bond due to be paid today...

31, 2009 July:

The eastern effect

The full extent of the economic downturn on Middle East property companies is beginning to emerge with huge second quarter losses...

29, 2009 June:

Abu Dhabi rents on the up

Residential rents in Abu Dhabi have increased by up to 20 per cent this month despite analysts forecasting that they would fall...

26, 2009 June:

Loan rate cut for UAE

International bank HSBC, has announced that it intend to cut its Flexi Loan mortgage rate by one per cent next month for customers seeking to buy UAE property...

More hope for global markets

There were more signs of improvement for property markets around the world this morning, after the Organisation for Economic Cooperation and Development (OECD) optimistically projected that the world recession was "nearing the bottom" following a sharp decline in the six months to March...

19, 2009 June:

The height of luxury

The brand new Airbus A380 ‘superjumbo' is the largest civil aircraft ever built and can carry up to 853 passengers - and now one lucky Middle Eastern client will have more space than he could ever possibly need - as he has commissioned a private A380 VIP jet for his personal use...

11, 2009 June:

UAE price rise?

UAE property prices rose in April and May, according to HSBC...

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...

07, 2009 May:

Growth for RAK free trade zone

Ras al Khaimah reported an estimated 16 per cent increase in revenues in the first quarter of 2009, compared with the first quarter of last...

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