News Archive: 2009: house prices

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...

25, 2009 November:

Abu Dhabi blooming

Abu Dhabi property developer Bloom Properties is the latest in a long line of international housebuilders to announce plans to launch a multibillion pound property project in Iraq - a report in today's UAE daily the National said that the property developer, which is the real estate arm of National Holding, is in talks with top officials in Iraq over a proposal to build a £10.9bn property scheme called Al Madeena Al Jadeeda City in the Shi'ite holy city of Karbala...

09, 2009 November:

Abu Dhabi: what's next?

Property sales in Abu Dhabi are expected to remain weak for the remainder of 2009, but are likely to stabilise during 2010, according to the latest report - rents in the emirate are also falling and landlords will need to adopt a more flexible approach to stay competitive, the report from consultants CB Richard Ellis says...

26, 2009 June:

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...

11, 2009 June:

UAE price rise?

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

01, 2009 June:

UAE prices on the rise?

Property prices in the United Arab Emirates increased in April and May, according to international bank HSBC...

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...

02, 2009 March:

Demand outstripping supply

The supply of residential property in Abu Dhabi is lagging well behind demand despite the global economic slowdown, according to analysts...

29, 2009 January:

Distress to impress

Distressed selling - an urgent sale of assets due to negative market conditions - will ironically ensure that 2009 is a positive year for investors in the GCC and around the world, said senior executives at United States investment bank Morgan Stanley, which manages assets worth billions of dollars in the Gulf...

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