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Dubai property sector ‘on recovery path’The Dubai property sector is showing strong signs of recovery following the 2008/2009 crash that hit Dubai investors during the international financial crisis, said a report. “The real estate market in Dubai is finally showing sig More… |
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Nakheel's $1bn sukuk 'sits on seabed'Much of the land backing a $1.03 billion sukuk bond from Dubai property developer Nakheel is unreclaimed seabed, Reuters quoted bank sources as saying, leaving trade creditors holding the paper with scant recourse to tangible assets in the event o More… |
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Qatar learns lessons of Dubai property perilQatar will have to endure at least another 12 months of falling property prices before a recovery in 2011, when the benefits of a prudent approach towards real estate development begin to pay off, say analysts. According to industry expert More… |
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Abu Dhabi banks ‘have big Dubai exposure’Years of chasing business in Dubai's property boom means that Abu Dhabi banks have built up an exposure to Dubai-based companies worth at least 30 per cent of their loan books, senior bankers in Abu Dhabi said on Friday. As a result, b More… |
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Dubai property 'at risk of more price falls'Dubai's suffering property sector is at risk of further price declines due to the seasonal summer and Ramadan slowdown, expatriates leaving the emirate, and oversupply, Moody's Investors Service said on Tuesday. "Oversupply in the market i More… |
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DPG tuck shop successAn Al Noor tuck shop, set up Dubai Properties Group (DPG), a member of Dubai Holding, received an overwhelming response during its three-day run at the DPG headquarters in Dubai Internet City. Manned by the staff of Al Noor Centre for Chil More… |
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Dubai property prices may fall 20pc: AlabbarProperty prices in Dubai could fall about 20 percent on average, the chairman of the emirate's largest developer, Emaar Properties, said in remarks published on Monday. Mohamed Alabbar also said Emaar's financial position was strong but th More… |
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Dubai property prices 'may plunge 60pc'Dubai real estate prices could fall as much as 60 per cent in 2009 from their peaks in July last year, while Abu Dhabi may slide as much as 20 per cent, Shuaa Capital said on Sunday. Real estate prices have fallen by around 40 per cent in More… |
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Dubai property fall hits IraniansThe economy of the United Arab Emirates, the world's fifth-largest oil exporter, has surged 50 per cent in real terms since 2004, but the tide has turned as slumping oil prices and a global financial meltdown put an end to Dubai's property boom. More… |
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Dubai property boom halts as prices fall, jobs goDubai property shares plunged and its biggest private developer slashed jobs this week as the global financial crisis tightened its grip on the tiny emirate, until now synonymous with the Gulf Arab real estate boom. Dubai's glittering More… |
