Commodore wins $245m Abu Dhabi contract 18/05/2009 – ame info – Abu Dhabi-based Commodore Contracting Company has won an estimated $245m contract to build the new headquarters building for Abu Dhabi’s International Petroleum Investmen.... Read More UAE May Ease Rules on Foreign Investments 18/05/2009 – Khaleej Times – Foreigners in the UAE may soon be able to own 100 per cent of businesses located outside the nation’s economic free zones, under more liberal rules that officials in.... Read More Tamweel may repossess properties in default 18/05/2009 – National – Tamweel, the country’s largest home lender by volume, may become the first to sell repossessed properties once the legal process is complete.
Legal uncertainties ha.... Read More Home loan insurance should be a priority 18/05/2009 – National – The introduction of mortgage insurance might serve to boost home lending and reinvigorate the construction sector throughout the UAE.
The global financial crisis is h.... Read More Dubai property prices to fall 70% from peak 18/05/2009 – ame info – A report on the UAE property sector has concluded that prices for residential property in Dubai may bottom out at between 57% and 70% from the peak levels seen in Q4 2008. .... Read More Dubai to Post 1.5-2 Per Cent Growth: Al Qamzi 18/05/2009 – Khaleej Times – Dubai will post economic growth for this year of between 1.5 and 2 per cent, a top government official said on Sunday, a slightly lower projection than what the emirat.... Read More Sweet Homes won’t drop property prices 18/05/2009 – ame info – UAE developer Sweet Homes, which is building two projects in Ajman, has said it will not drop the prices for its villas and apartments, despite the slump which is seeing pr.... Read More Al Fajer JBC projects move ahead 18/05/2009 – ame info – Al Fajer Properties (AFP) has announced progress in its five towers, having completed the superstructures for Phase 1 on five of its nine towers in Jumeirah Business Centre.... Read More Rixima starts work on DIACs Dh700m project 18/05/2009 – Gulf News – Rixima FZ LLC yesterday started work on a dedicated Dh700 million student accommodation project at Dubai International Academic City (DIAC), the world’s only free zone d.... Read More Most Arab markets edge lower after sharp Saudi decline 17/05/2009 – Arabian Business – Early trading on Gulf sees early losses. (Getty Images)Most Gulf Arab bourses edged lower on Sunday in thin trading after investors had their feathers ruffled by a .... Read More UAE Second Least Corrupt Country in Middle East 17/05/2009 – ame info – The government is committed to improving standards of accountability, according to the head of the country’s State Audit Institution (SAI).
This month will see the.... Read More Uncertainty surrounds Dubai Rera rental index updates 17/05/2009 – ame info – It is no longer clear whether Dubai’s Real Estate Regulatory (Rera) index, the benchmark from which rents in the emirate are to be measured following the discontinuation .... Read More Dubai property market suffers as Western cash dries up 16/05/2009 – saudigazete – European investors have mothballed plans to invest in Dubai’s bombed-out property in favour of more familiar and mature markets, prolonging the emirate’s maiden bust.... Read More Dubai s Abraaj sees good valuations, stability back 16/05/2009 – khaleej Times – Jordan – Dubai-based private equity firm Abraaj Capital said on Friday valuations had become attractive and stability was returning to financial markets, although co.... Read More Financial storm may be easing 16/05/2009 – National – The worst of the financial crisis may be over for the Gulf as steadily strengthening oil prices and the return of foreign investors help to restore confidence in battered s.... Read More
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