News Archive: commercial property

20, 2011 June:

Dubai's Index wins tall building award

Index, the 80-storey building developed by Union Properties in Dubai, has clinched the '2011 Best Tall Building' award for the Middle East and Africa region from the Council on Tall Buildings and Urban Habitat (CTBUH).

06, 2011 May:

Budget hotel revolution predicted for Middle East

A leading property consultancy has said that the Middle East could undergo a budget hotel revolution, as the Arabian Travel Market (May 2-5) gets underway in Abu Dhabi.

30, 2011 March:

Bargain rents drive businesses back to UAE

Similarly to the rock-bottom price deals to be had in Florida, commercial tenants are flocking back to Dubai as rents continue to drop. As a result, long-term tenancies that create a 'win-win' for landlords and lessees are now becoming more popular.

16, 2010 November:

London's most iconic hotels to be sold to Middle East

Some of London's most iconic hotels could be sold to Middle Eastern investors who are keen to snap up luxury UK brands, according to a travel industry report...

27, 2010 October:

World's tallest building 90% empty

Nine months after Burj Khalifa opened with a massive fireworks and light show, 90 percent of the apartments in the world world's tallest building are empty, a Dubai agent says...

26, 2010 October:

UAE projects face long wait for finance

Real estate development projects in the UAE are facing a long wait in gaining finance, with Dubai in particular unlikely to receive much in the near future, as banks remain very selective in their financing, according to executives at the Reuters Middle East Investment Summit...

25, 2010 October:

Nakheel launches new Dubai projects

Nakheel, the debt laden real estate arm of state owned conglomerate Dubai World, plans to resume work on short term residential projects by the end of October, it has announced...

09, 2010 June:

Abu Dhabi: Leaning to the right?

Plenty of skyscrapers dominate the desert horizons of the Middle East including the world's tallest building, the 828-metre Burj Khalifa in Dubai, but until now the term 'leaning tower' has been associated with just one destination - Pisa...

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...

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...

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