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Property News

Air Arabia profit in first quarter rises 32%
10/05/2009 – ame info – Dubai – Air Arabia said Saturday its first-quarter net profit increased by 32 per cent over the same period last year as the Middle East’s largest budget airline saw it....     Read More

Dubai World to Postpone New Projects Until Market Improves
04/05/2009 – Khaleej Times – Dubai World said on Sunday it would complete all projects currently under construction but would delay any new developments, including a plan to build the world’s ta....     Read More

Dubai airport scanners start screening passengers for swine flu
03/05/2009 – Gulf News – Dubai – Three thermal scanners have started working at the arrival lounges of Terminals 1 and 3 at Dubai International Airport to screen passengers for symptoms of swine....     Read More

UAE strongest candidate for GCC central bank
03/05/2009 – Gulf News – Gulf heads of state holding summit talks in Saudi Arabia tomorrow are expected to agree on the headquarters of the common central bank that will constitute the pillar of t....     Read More

Emirates NBD launches PayPass
03/05/2009 – Gulf News – In collaboration with MasterCard Worldwide, Emirates NBD on Sunday launched the Middle East and Levant’s first wrist-watch equipped with MasterCard PayPass.
The â€....     Read More

Markaz Sees Delay of $80b UAE Projects
03/05/2009 – Khaleej Times – The outlook for the UAE real estate market remains negative amid prospects of a delay in the construction of $80 billion worth of projects that were scheduled for comp....     Read More

Sharjah banks Q1 revenue up 14.3%
03/05/2009 – Gulf Today – The profits of the banks operating in Sharjah rose by 14.3 per cent to reach Dhs348 million compared to Dhs304 million in the same period last year. Assets increased by 1....     Read More

EasyHotels hopes to be in Dubai by year-end
03/05/2009 – Gulf News – Following months of delays, Dubai’s first low-cost 200-room easyHotel is expected to open in Jebel Ali Free Zone by the end of the year, according to the group’s found....     Read More

Emirates NBD launches PayPass
03/05/2009 – Gulf News – In collaboration with MasterCard Worldwide, Emirates NBD on Sunday launched the Middle East and Levant’s first wrist-watch equipped with MasterCard PayPass.
The â€....     Read More

Residents say property law is of no benefit
03/05/2009 – Gulf News – Residents have said the new property law does not offer them any benefits as rentals have remained high in the capital despite the current econ-omic slowdown.
An Egy....     Read More

A major step to help regulate the markets
03/05/2009 – Gulf News – The UAE Federal Government’s decision to allow short-term, multiple-entry visas to foreign owners of properties could be seen as a first major step towards regulating th....     Read More

Huge interest in Dubai bond
03/05/2009 – Gulf News – Beirut – A sovereign bond issue planned by Dubai this year has drawn a lot of international investor interest, a member of a Dubai committee formed to tackle the fallout....     Read More

Property developers relieved by new visa rule
03/05/2009 – Gulf News – Foreigners investing in freehold properties in the UAE will be granted a multiple-entry visit visa under certain conditions that will allow them to stay up to six months i....     Read More

Largest Shopping Mall in Al Ain OpensStaff Reporter
03/05/2009 –Khaleej Times – Bawadi Mall, the largest shopping mall in Al Ain, was officially inaugurated on Thursday night by Shaikh Tahnoon bin Mohammad Al Nahyan, the Ruler’s Representative fo....     Read More

Firms Told to Pay Workers
or Send Them BackAfkar Abdullah & Preeti Kannan
03/05/2009 –Khaleej Times – Pay workers on time, or send them back to their home countries — that’s the directive to companies from authorities in Ajman following a marked increase in labour p....     Read More