Dubai Properties, a unit of troubled conglomerate Dubai Holding, said on Thursday it was not entering a restructuring after one of its partners had suggested that the builder may embark on one.
"Dubai Properties Group (DPG) is not restruct
Dubai Properties, a unit of troubled conglomerate Dubai Holding, is expected to enter restructuring, according to the head of builder Arabtec, which is owed money by the firm.
Asked how he knew a restructuring was likely, Arabtec CEO Tom B
Dubai Properties Group (DPG), a member of Dubai Holding, said a total of more than 20,000 guests attended its high definition screening of the recent Fifa World Cup 2010 soccer matches.
The Stadium at The Walk accommodated an average of 50
Dubai Properties, part of Dubai Holding, the business empire of the emirate's ruler, plans to hold an auction for three beach-side plots of land next month as Dubai struggles under a weight of sovereign and corporate debt.
Dubai Properties, the real estate arm of conglomerate Dubai Holding, said it will counter-sue UK firm Hopkins Architects, which is claiming damages from the termination of a contract.
Hopkins is suing Dubai Properties for costs and losses
Former Dubai Properties chairman Hashim Al-Dabal has been released after repaying $35 million in public funds which he was accused of embezzling, the emirate's government said on Tuesday.
The executive, who was detained in late 2009, s
Remraam, a 22.6 million sq ft community being developed Dubai Properties Group (DPG), has opened two model apartments in Dubai for viewing by potential customers and investors.
Site tours will be scheduled twice daily on Monday, Tuesday an
Online portals are emerging as the biggest marketing tools in the real estate sector as manifested by the latest trend in internet searches for properties in Dubai, which witnessed a remarkable 45.5 per cent increase, said an industry expert.
State-owned Dubai Properties, a unit of Dubai Holding, plans to spend up to 4 billion dirhams ($1.09 billion) annually in the next three years on its future plans, an Arabic-language daily said.
Citing the company's chief executive Kha
The chairman of Dubai Properties has been arrested on suspicion of embezzlement at the company, according to a published report.
Hashim Al Dabal is accused of abusing his position and earning millions in illegal profit, Dubai's attorne