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Sunday, 05 July 2009 07:59 UAE time

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Kuwait real estate sales fall to 5 month low

Kuwait real estate sales fall to 5 month low

Real Estate
National Bank of Kuwait report says 314 deals done in May, down 17% on previous month.

  1. Kuwaiti real estate sales rise 8%

Football, TV stars set up firm backed by Mideast investors
Real Estate
Sir Alex Ferguson, Sir David Frost look to snap up real estate bargains in $1.6bn plan.

Dubai's Emaar shuts Algeria office as projects stall
Real Estate
Lack of progress on its projects in the North African country forces Emaar's move.

Qatar's Barwa defrauded by a South African - source
Real Estate
South African businessman admits to forging documents to deceive Qatar's Barwa.

more »MIDDLE EAST REAL ESTATE COMMENT

Everyone’s talking nonsense
Anil Bhoyrul argues that with no real property data available, sellers are lying about their prices.

 Anil Bhoyrul  

Property market fails its big test
Anil Bhoyrul argues that the UAE’s first property auction is proof the market hasn’t bottomed out.

 Anil Bhoyrul

more » MIDDLE EAST MARKETS DATA

DFM

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4 Jul 2009 23:59 GMT
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ADX

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4 Jul 2009 23:59 GMT
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SSE

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4 Jul 2009 23:59 GMT
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CURRENCY CONVERTOR


more »OTHER MIDDLE EAST BUSINESS NEWS STORIES

Banking & Finance

  1. Saudi Alinma Bank opens first branches
  2. Bahrain's Gulf Finance House denies merger talks

Construction & Industry

  1. UK contractors in Dubai must be paid - UK trade minister
  2. Saudi Qassim Cement mulls 100% bonus share issue

Culture & Society

  1. Abu Dhabi police in Dh7.34m drugs bust
  2. Dubai music chief mugged at knifepoint in Jo’burg

Education

  1. Some UAE private schools may start on time - paper
  2. UAE schools to extend hours amid late start - paper

Energy

  1. Kuwait needs oil majors to hit targets - minister
  2. Gasoline prices down on demand concerns

Healthcare

  1. Oman confirms fourth case of swine flu
  2. UAE confirms three new cases of swine flu

Islamic Finance

  1. Saudi Electricity set to sell more sukuk
  2. Islamic banks need to revamp business model - E&Y

Media & Marketing

  1. 'Newsweek' reporter faces Iran trial: lawyer
  2. Ibn Battuta Mall cinemas saw record weekend admissions

Personal Finance

  1. HSBC sees 'rapid increase' in customer 'skips'
  2. Car giant offers UAE's first free redundancy cover

Politics & Economics

  1. Dubai inflation slows to 5.4% in Jan-May '09
  2. Saudi exporters demand duty on Chinese imports

Real Estate

  1. Kuwait real estate sales fall to 5 month low
  2. Football, TV stars set up firm backed by Mideast investors

Retail

  1. Montblanc eyes further Gulf growth
  2. Abu Dhabi June gold sales up on summer buying spree

Sport

  1. What's happening at Wimbledon?
  2. Chelsea rejects Man City’s bid for captain Terry

Technology

  1. Vivendi chief declines comment on possible Zain bid
  2. Iran strips Zain of mobile licence - report

Transportation

  1. Abu Dhabi bans lorries during rush hour
  2. More bidders said interested in Porsche stake - report

Travel & Hospitality

  1. Dubai’s Palazzo Versace on track
  2. Mideast tourist numbers drop in Jan-Apr - report

more »MIDDLE EAST BUSINESS EVENTS

UPCOMING EVENTS

  1. Virtual ICT Exhibition & Conference - Middle East - On demand - 22 May - 31 October 2009
    22 May 2009 | , United Arab Emirates
  2. Boiler Technology, Processes & Management
    28 June 2009 | Dubai, United Arab Emirates
  3. Boiler Tube Failures & Maintenance
    28 June 2009 | Dubai, United Arab Emirates
See all events »

MORE REAL ESTATE STORIES

  1. Dubai developer Deyaar appoints new chairman
  2. $543m Mirdiff Hills project on hold
  3. Sorouh to revise payments for Gate Towers investors
  4. Dubai property prices set to rise in Q4 - Sherwoods
  5. Investors fear UAE property market has yet to hit bottom
All Real Estate news stories »

SPOT POLL

What do you think about predictions for the UAE real estate market?

It's already hit the bottom.
There's still another 20-30% correction to come.
It's now on the road to recovery.
Nothing's going to change until the end of the year.
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CURRENT ISSUE


 

READER COMMENTS

Reader Comments (24 hrs)

  1. Dubai's Emaar shuts Algeria office as projects stall 1
    04 Jul ' 09 at 15:39
    Emaar was never more brilliant than when it concentrated on Dubai, its core business. Going on travels to Algeria, the States, places...  More »
  2. $543m Mirdiff Hills project on hold 1
    04 Jul ' 09 at 11:59
    If I am not mistaken this is the same project that was being sold as Midas Mirdif Hills by M Holding.The report does not give any...  More »
Read all user comments >

BUSINESS FEATURES

Back to basics

A meltdown in the Gulf’s real estate sector is pushing developers to consider building cheaper accommodation.

Lawyers rejoice as property slump turns nasty

The real estate crash is providing rich pickings for lawyers called in to deal with a rash of construction lawsuits.

Moving on

Dubai's real estate crash may prove to be good news for mid-income earners in countries far a field, Deyaar CEO says.

BUSINESS INTERVIEWS

New kid on the block

Raymond Kuceli is the CEO of Madania Real Estate, a Dubai-based real estate agency.

Towering ambition

Tameer's new CEO Federico Tauber sets the records straight on the developer’s flagship project in the UAE.

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