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Last Updated: Sun, Jun 26 2016 | 2:56 PM |

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Uncertain future for troubled Dubai Lagoon project

Property investors and developers tied up in the troubled Dubai Lagoon project have reached a stalemate over how to move forward, with each blaming the other for the lack of progress on site.The AED3bn...

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Posted by: Skeptic Jun 23, 2016 8:01 AM [UK]

What a joke. The Schon family are notorious crooks who have been living off the funds that they have stolen from the apartment pre-sales for years. Where is RERA? Where are all the regulations that the government keeps touting? Where are the investor protection measures?

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First Saudi-built Renault trucks roll off assembly line

The first Saudi-built Renault truck has rolled off the assembly line of Arabian Vehicles & Trucks Industry Co Ltd (AVI), based in King Abdullah Economic City.A milestone for AVI and for the French...

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Posted by: peter andala Jun 22, 2016 6:41 PM [saudi arabia]

congratulations for the achievement.

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Bahrain SPV to fund $1.1bn for stalled projects

A new venture designed to collect $1.1 billion (BD400 million) to revive four stalled developments in Bahrain has been proposed by industry experts.The company, which will be established in the form of...

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Posted by: Bahraini Jun 22, 2016 1:00 PM [Bahrain]

I agree with the earlier statement. The companies that took investors money and did not put the money into the projects need to be pursued for the money back.
I for one will not be investing in this 'fund' because I have lost trust in the investment infrastructure in Bahrain. It is shameful that we do not have similar laws to KSA wherein developers can only take funds out of the funds only when they prove they have done the work.
We need an overhaul of the laws and until then from my point of view I will not be and I don't believe many sensible people will put their money where the same process can happen all over again.

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Sounding the alarm for Iraqi Kurdistan

"This economic shock was a wake-up call for us. It kicked us into action,” says Kurdistan’s Deputy Prime Minister Qubad Talabani.The 38-year-old, English-accented politician is sitting in an armchair in...

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Posted by: Moakley Irrell Jun 21, 2016 3:27 PM [US]

Bad tidings for Kurdistan: US - Turkey relations may improve in case Hillary Clinton is elected President. The greater the chances of Mrs. Clinton to take the Oval Office, the more obvious it becomes that she will not sacrifice alliances with great world powers for the sake of defending the interests of small peoples.

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A cautionary tale from the Dubai property market

For property investors, it’s a nightmare scenario. You complete your payments, spend almost a decade waiting for your apartment to be handed over and then are landed with an additional huge bill from the...

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Posted by: Disappointed Christina Jun 21, 2016 1:05 PM [Phillipines]

I commend RERA for taking an interest in ACW. I hope the remainder of their projects are now examined. Hanover square was supposed to be 5 star - it is barely 2 star. Yes, they have delivered, but provided a Bajaj auto instead of a promised mustang.

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Dubai property dispute victims to get free legal advice

Dubai Land Department on Monday announced a new initiative to introduce a free legal service to support home owners involved in real estate-related court cases.The announcement follows a meeting between...

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Posted by: Majdi Jun 21, 2016 9:08 AM [UAE]

Hi ladies and gents,
Is anyone still involved in Dubai Lagoon project?

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Dubai said to avoid 2008-style crash despite slowdown

Fears of a 2008-type crash in Dubai's economy and real estate market are unlikely to materialise, according to a new report by Reidin/Global Capital Partners.The report, Dubai: This time it’s Different...

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Posted by: Simon Jun 21, 2016 7:16 AM [Dubai]

@WHJ...haven't seen you for a while...you may like to catch up with the news on this site...this being just one example:


You might like to adjust or reposition your own narrative. Granted, this is just one story but you may like to read through all the comments and get feed-back from the 'ground' and maybe not so much from the headline data you appear to rely so heavily on.

If you read more and more from this site and then read further international economic stories, background and undertones...you will find things are not like you would like to think.

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Saudi Arabia records 23 road deaths per day

At least 23 people die and 102 others are injured every day as a result of traffic accidents in Saudi Arabia, it has been reported.Local media, citing the directorate general of traffic’s 2015 annual report...

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Posted by: Mike Karim Jun 20, 2016 5:27 PM [SA]

Yet again tragic loss of life due to careless driving. According to unofficial results, the total number of people who were killed in car accidents in KSA in the past years has exceeded the number of victims of the local war in Lebanon!

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Dubailand affordable housing project sold out 'within hours'

The first phase of an affordable housing project in Dubailand announced last week sold out “within hours” on its launch day, the developer of the community has claimed.Dubai Properties Group (DPG) said...

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Posted by: sajid Jun 20, 2016 5:28 PM [United Kingdom]

There are still units available in bella casa. It seems it was just a marketing stunt.

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Dubai launches WhatsApp number to verify rumours

Dubai Municipality has launched a WhatsApp number that the public can contact with concerns about rumours that circulate on social media. Members of the public can send videos, images and messages to ...

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Posted by: John Doe Jun 20, 2016 5:28 PM [UAE]

The only good piece of constructive news coming out for the city in the last couple of weeks, all the best to DM for this initiative.

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