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Saturday, 04 July 2009 23:09 UAE time

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Dubai's Emaar shuts Algeria office as projects stall

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.

  1. Is a merger best?
  2. Emaar sees Dubai developers merger within 4 months

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

Dubai developer Deyaar appoints new chairman
Real Estate
Abdulla Al Hamli replaces Nasser Al Shaikh who resigned last month.

$543m Mirdiff Hills project on hold
Real Estate
DIRC boss says investors will get 100% refund after project shelved due to lack of mortgage finance.


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

Last Price:

0.00

0.00%

4 Jul 2009 15:09 GMT
(Market Closed)

ADX

Last Price:

2,671.29

+42.51+1.62%

2 Jul 2009 09:59 GMT
(Market Closed)

SSE

Last Price:

5,488.61

-110.77-1.98%

4 Jul 2009 08:42 GMT
(Market Closed)

CURRENCY CONVERTOR


more »OTHER MIDDLE EAST BUSINESS NEWS STORIES

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 »

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

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