News Archive: industry news: 2009

05, 2009 February:

TheMoveChannel.com acquires Lead Galaxy

Leading UK and international property search portal TheMoveChannel.com has acquired top lead generation agency Lead Galaxy...

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...

Delays in Abu Dhabi

Abu Dhabi's second largest property developer is delaying new projects until current developments are complete because of the economic downturn...

27, 2009 January:

You are my sunshine

The largest solar power plant in the Middle East will be built as part of Abu Dhabi's new carbon-neutral city, it has emerged...

UAE: new lending requirements

The largest bank in the Middle East has come under fire for putting up the minimum salary requirements for mortgages...

13, 2009 January:

Permission for commission

Real estate agencies in the UAE are increasingly recruiting estate agents on a commission basis instead of offering them monthly salaries, according to brokers...

07, 2009 January:

UAE rents set to fall

Residential rents in Abu Dhabi and Dubai are set to fall this year, according to officials and experts...

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