News Archive: industry news

26, 2009 June:

Loan rate cut for UAE

International bank HSBC, has announced that it intend to cut its Flexi Loan mortgage rate by one per cent next month for customers seeking to buy UAE property...

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...

18, 2009 June:

Ajman project on track

Property developer Aqaar has confirmed that the first phase of Ajman One, the emirate's first fully integrated complex, is on schedule for completion and handover in Q1 2011...

11, 2009 June:

UAE price rise?

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

10, 2009 June:

New rules for the Gulf

New property regulations are expected in several Gulf States in the coming months as authorities aim to bolster investor confidence by making the real estate industry more transparent...

03, 2009 June:

Nakheel to merge

State owned developer Nakheel is to merge with the real estate arm of the Dubai Multi Commodities Centre because of current market conditions...

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...

07, 2009 May:

Growth for RAK free trade zone

Ras al Khaimah reported an estimated 16 per cent increase in revenues in the first quarter of 2009, compared with the first quarter of last...

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...

16, 2009 April:

Islamic banks need bailout

Islamic banks may require further bailouts if liquidity does not improve, leading bankers have announced...

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