News Archive: industry news

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...

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...

16, 2009 December:

Abu Dhabi bailout: verdict

Abu Dhabi's $10 billion bailout of troubled Dubai will do little to rescue its beleaguered property market or to tempt overseas buyers back to the emirate until late 2011 and beyond, 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...

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...

04, 2009 November:

New laws for Abu Dhabi investors

New laws to help make the real estate market in Abu Dhabi more transparent and safer for buyers are expected to be introduced in the early months of next year - officials at the Department of Municipal Affairs are currently drawing up the necessary draft documents that will cover escrow accounts, brokers, titles and mortgages...

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...