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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

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UPCOMING EVENTS

  1. Virtual ICT Exhibition & Conference - Middle East - On demand - 22 May - 31 October 2009
    22 May 2009 | , United Arab Emirates
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    28 June 2009 | Dubai, United Arab Emirates
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    28 June 2009 | Dubai, United Arab Emirates
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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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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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