Monday 30 May 2016
real estate projects

Dubai to repay investors in scrapped projects

Dubai will liquidate scores of cancelled property projects and use the funds to repay investors who lost billions of dollars in the emirate's real estate market, state news agency WAM reported. A decree by Dubai's ruler Sh


Dubai likely to cancel 27 real estate projects

Dubai is considering cancelling 27 projects, the head of its real estate regulator said on Monday, as the emirate's once-booming property market slumps in the global downturn. A decision whether to cancel or not would be made by the end of


Gulf property projects face scrutiny

Credit conditions for real estate projects are worsening and the viability of some developments needs to be re-examined, the head of Dubai Islamic Bank (DIB) said on Sunday. "The days of cheap money are gone, be prepared to pay more," Khal

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