ArabianBusiness.com - Middle East Business News
Monday, 01 December 2008 21:39 UAE time

YOUR DIRECTORY /

Merrill gives Emaar AED3 price target

Merrill gives Emaar AED3 price target

Real Estate
US bank gives Dubai developer 'neutral' rating due to market conditions turning for worse.

Nakheel to cover Leighton costs over Trump tower delay
Real Estate
Dubai-owned developer has agreed 'to cover all costs incurred to date', firm says.

Property correction sooner, steeper than anticipated
Real Estate
EFG-Hermes still sees 20% correction in Dubai market, but fall sooner than expected.

$95bn Satwa redevelopment delayed
Real Estate
Jumeirah Garden City latest Dubai mega-project to get pushed back.


more »MIDDLE EAST REAL ESTATE COMMENT

A developer's view
Alex Andarakis, managing director of Omniyat Properties, says firms must plan for stronger future during real estate slowdown.

Alex Andarakis  

Consolidation on the cards
In these uncertain times, investors are looking for a sign the real estate sector can adapt to the shifting global economic climate.

Andrew White

more » MIDDLE EAST MARKETS DATA

DFM

Last Price:

1,974.90

+10.24+0.52%

1 Dec 2008 09:59 GMT
(Market Closed)

ADX

Last Price:

2,754.48

-21.37-0.77%

1 Dec 2008 10:00 GMT
(Market Closed)

SSE

Last Price:

4,795.76

+57.62+1.22%

1 Dec 2008 12:30 GMT
(Market Closed)

CURRENCY CONVERTOR

more »OTHER MIDDLE EAST BUSINESS NEWS STORIES

more »MIDDLE EAST BUSINESS EVENTS

UPCOMING EVENTS

  1. Advanced Operational Auditing & Management Effectiveness Analysis
    16 November 2008 | Dubai, United Arab Emirates
  2. Advanced Training In Purchasing Management Best Practices
    16 November 2008 | Dubai, United Arab Emirates
  3. Best Contract Management Practices
    16 November 2008 | Dubai, United Arab Emirates
See all events »

SPOT POLL

With taxis being exempt from Salik tolls from Dec 2, will you be more likely to use the service?

Absolutely, the low petrol price and lack of Salik makes taxis too cheap to ignore.
I would be more willing to travel in a cab knowing the Salik will not be charged.
No because it's the comfort of the vehicle and attitude of the driver that counts, not how cheap it is.
No way, most of the drivers are still rude and most times they refuse to pick you up anyway.
ArabianBusiness.com/Jobs - Middle East Jobs Search
  1. Development Manager (Real Estate Developer)
    Industry: Property
    Location: Abu Dhabi, UAE
  2. Senior Real Estate Manager
    Industry: Property
    Location: Saudi Arabia
Browse all jobs »

EMIRATES ID DOWNLOAD

READER COMMENTS

  1. Property correction sooner, steeper than anticipated 3
    01 Dec ' 08 at 17:00
    I saw when people went from poor to rich in this country in a matter of weeks, i saw the rich getting poor agian in a matter of...  More »
  2. $95bn Satwa redevelopment delayed 3
    01 Dec ' 08 at 21:09
    You suggest Jumeira Gardens will stretch 150kms south of Shk Zayed Road. That would take you well into Abu Dhabi.I don't think even...  More »
  3. Nakheel suspends work on landmark Dubai projects 2
    01 Dec ' 08 at 09:32
    I am a property owner in the UAE, both finished and under construction. I am very happy with the current situation of all sales being...  More »
Read all user comments >

BUSINESS FEATURES

Prestige properties

Get ready for major communities dedicated to well-being as the region steps on the pampering pedal.

Developing at a discount

Dubai developers are being forced to explore innovative ways to entice buyers amid the credit squeeze.

Keeping culture

Beit Al Funoon is breaking with the modern trend to entice investors by keeping all things traditional.

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Strength in numbers

Property prices are declining but Mark Stott, CEO of Select Property, is still feeling confident in his company.

Real estate industry at the crossroads

The regional head of the world's largest property services firm on the outlook for local property markets.

Berth boom

Michael Horrigan of IGY Middle East and Europe explains why it's plain sailing for marina developments.

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