News Archive: 2010

05, 2010 May:

Global commercial recovery underway

Latin America and Asia are leading the recovery in the global commercial property market with Peru, Brazil and Singapore providing the best upswing, according to a new report...

20, 2010 April:

New flights to Iraq launched

Abu Dhabi's national carrier, Etihad Airways, yesterday announced plans to launch weekly flights to war-ravaged Iraq starting from April 26...

08, 2010 April:

Longer visas to aid UAE market?

State aid is needed to boost the property market in the United Arab Emirates with experts suggesting that more loans and longer visas for foreign buyers could kick start a real estate recovery...

06, 2010 April:

World's tallest building reopens

The 'At the Top' viewing deck of Dubai's Burj Khalifa, the world's tallest building, has reopened after being closed for maintenance for almost two months, an employee said yesterday...

29, 2010 March:

Valuation standards needed in Gulf

More professional property valuation standards are needed if confidence is to return to real estate markets in the Gulf region, it is claimed...

22, 2010 February:

Gulf market to bottom out?

The real estate market in the Gulf is likely to bottom in the second quarter of this year but the expected rush of distressed assets and entry of vulture funds has not yet materialised, it is claimed...

19, 2010 February:

Gulf developers: ‘creative negotiation'

Real estate developers in the Gulf region are going to have to negotiate creatively with investors during 2010 to avoid a rise in defaults, it is claimed...

18, 2010 February:

UAE inflation at 9-year low

Falling property prices pulled the inflation rate down to a nine-year low last year, Government figures show...

04, 2010 January:

Abu Dhabi: prices stable

Property prices in Abu Dhabi remain stable but only a small number of investors are currently active in the market and many are waiting for completion dates for 2010 before committing, it is claimed...

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