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Saturday, 07 November 2009 13:37 UAE time

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New committee to rule on real estate sector dud cheques

New committee to rule on real estate sector dud cheques

Real Estate
Dubai ruler issues decree in bid to settle disputes over bounced cheques in property sector.

  1. Dud cheque reports on the decrease - Dubai police

Dubai house prices fall 4% in past six months
Real Estate
Deutsche Bank report says rate of price decline slowing, concerns over supply.

No price uplift seen on homes near metro - Landmark
Real Estate
Real estate company does not see any substantive rises for at least six months.

Abu Dhabi rents decline slows in Q3
Real Estate
UPDATE 1: Rents in many areas of UAE capital unchanged in third quarter - CB Richard Ellis.

more »MIDDLE EAST REAL ESTATE COMMENT

Time for agents to pay up
Anil Bhoyrul argues that estate agents must take the blame for the impending evictions on Discovery Gardens.

 Anil Bhoyrul  

Cityscape 2009 - a reality check
After the A-list celebs of last year, Dubai's property show is set to be a low key affair, says Damian Reilly.

 Damian Reilly

more »OTHER MIDDLE EAST BUSINESS NEWS STORIES

Banking & Finance

  1. Bahrain cenbank suspends real estate caps - sources

Construction & Industry

  1. Qatar fertiliser firm ups output, eyes South America

Culture & Society

  1. UAE to be among topmost tourist hubs in 5 years - survey

Education

  1. 35% say Arabic, Islamic studies key for UAE schools

Energy

  1. Foreign firms eye Oman power plant plans

Healthcare

  1. Kuwait's swine flu death toll rises to 19

Islamic Finance

  1. Islamic bank assets up 29% - survey

Media & Marketing

  1. EXCLUSIVE: Etihad, Aldar ordered to pay Force India damages

Personal Finance

  1. UBS sees UAE's rich list growing by 11% in 2010

Politics & Economics

  1. UAE, Saudi among US's top arms buyers in 2009

Real Estate

  1. Dubai house prices 'bottomed out in April' - study

Retail

  1. Dubai Aquarium sees 1.5m-plus paid visitors in first year

Sport

  1. Alinghi propose Australia to host next America's Cup

Technology

  1. BSNL to go direct to Zain if consortium talks fail

Transportation

  1. Dubai's Floating Bridge to stay for 5 more years – paper

Travel & Hospitality

  1. Emirates to add 17 flights to Asia Pacific routes

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more » BUSINESS FEATURES

A sober affair

This year’s Cityscape Dubai had a very different feel to it from 2008’s blistering assault on the senses.


more »MIDDLE EAST BUSINESS EVENTS

UPCOMING EVENTS

  1. Advanced Leadership & Management Skills
    1 November 2009 | Dubai, United Arab Emirates
  2. Advanced Operational Auditing & Management Effectiveness Analysis
    1 November 2009 | Dubai, United Arab Emirates
  3. Effective Management Analysis & Operational Auditing
    1 November 2009 | Dubai, United Arab Emirates
See all events »

MORE REAL ESTATE STORIES

  1. Qatari Diar signs deal for US embassy in London
  2. Dubai rents near bottom, down 39%
  3. UAE property rebound spurred by rise in lending
  4. Dubai house prices up 7% in Q3 - Colliers
  5. Oman home buyers to get residency on completion
All Real Estate news stories »

SPOT POLL

What do you think about the offer of free legal advice to people caught in Dubai property disputes?

Amid the real estate gloom, this is the best news for months and will improve transparency.
This is a good move and should redress the imbalance between investor and developer.
By offering a free service, it will just encourage people to abuse the complaints system.
It's too little, too late and I doubt many people will actually qualify for the free advice.
ArabianBusiness.com/Jobs - Middle East Jobs Search
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    Industry: Property
    Location: Dubai, UAE
  2. Commercial Property Controller
    Industry: Property
    Location: Abu Dhabi, UAE
  3. Planning Director - Advertising Agency
    Industry: Property
    Location: Dubai, UAE
  4. Sales Manager
    Industry: Property
    Location: Dubai, UAE
  5. Arabic Speaking Contracts Manager
    Industry: Property
    Location: Abu Dhabi, UAE
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READER COMMENTS

Reader Comments (24 hrs)

  1. New committee to rule on real estate sector dud cheques 1
    07 Nov ' 09 at 09:08
    Bounced Cheques is one side of the problem facing the real estate sector, as it maybe related to a real insufficient funds situation...   More  »
  2. Dubai house prices fall 4% in past six months 1
    07 Nov ' 09 at 09:21
    These all reports addressing the prices of real estate assets in Dubai are useless. The issue today is no knows what is going on......   More  »
  3. Building blocks 1
    07 Nov ' 09 at 09:25
    The only thing I would say to Abu Dhabi: don't repeat the same thing Dubai has done: building real estate based economy that will...   More  »

Read all user comments >

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