ArabianBusiness.com - Middle East Business News
Sunday, 08 November 2009 13:03 UAE time

YOUR DIRECTORY /

59% say Deyaar job cuts just tip of the iceberg

Real Estate
Arabian Business poll reveals widespread pessimism on future UAE job prospects.



Thursday, 05 November 2009

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.

New committee to rule on real estate sector dud cheques

Dubai house prices fall 4% in past six months

Real Estate
Deutsche Bank report says rate of price decline slowing, concerns over supply.

Dubai house prices fall 4% in past six months

Wednesday, 04 November 2009

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.

No price uplift seen on homes near metro - Landmark

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.

Abu Dhabi rents decline slows in Q3

Qatari Diar signs deal for US embassy in London

Real Estate
Qatar's property arm continues to snap up UK property, purchase price not disclosed.

Qatari Diar signs deal for US embassy in London

Tuesday, 03 November 2009

Dubai rents near bottom, down 39%

Real Estate
UPDATE 1: CB Richard Ellis says nominal declines expected in Q4 but drop rate seen slowing.

Dubai rents near bottom, down 39%

UAE property rebound spurred by rise in lending

Real Estate
Real estate consultants see loan to value ratios softening, banks re-entering market.

UAE property rebound spurred by rise in lending

Dubai house prices up 7% in Q3 - Colliers

Real Estate
New research says Dubai's battered real estate prices saw upturn from July-Sept.

Dubai house prices up 7% in Q3 - Colliers

Monday, 02 November 2009

Oman home buyers to get residency on completion

Real Estate
Gov't official says Sultanate will issue residency visas to foreign home owners.

Oman home buyers to get residency on completion

Dubai house prices 'bottomed out in April' - study

Real Estate
New report claims prices have risen 9% in past six months after 30% drop from peak.

Dubai house prices 'bottomed out in April' - study

Dubai property dispute victims to get free legal advice

Real Estate
UPDATE 1: Group formed by Dubai Land Dep't to offer home owners legal option.

Dubai property dispute victims to get free legal advice

Qatari Diar plans Khartoum mega project

Real Estate
Qatar SWF's property arm's project to include luxury hotel, residential towers, office, retail.

Qatari Diar plans Khartoum mega project

Sunday, 01 November 2009

$2.65bn Uptown Bahrain project put on hold

Real Estate
Senior official says mega project 'did not stack up' amid current market conditions.

$2.65bn Uptown Bahrain project put on hold

Saturday, 31 October 2009

Demand seen growing for Dubai office space

Real Estate
Jones Lang Lasalle says interest from would be tenants has risen 10 fold in past 6 months.

Demand seen growing for Dubai office space

UAE real estate salaries suffer 30% cuts

Real Estate
New Cost of Living study reveals impact of global impact on property execs' pay.

UAE real estate salaries suffer 30% cuts

Friday, 30 October 2009

Dubai Properties chief arrested

Real Estate
UPDATE 2: Attorney General confirms arrest on suspicion of embezzlement at real estate firm.

Dubai Properties chief arrested

Big divide in Dubai, Abu Dhabi property markets - study

Real Estate
Cost of Living report says some Dubai prices down by up to 53%, Abu Dhabi up by 36%.

Big divide in Dubai, Abu Dhabi property markets - study

Thursday, 29 October 2009

Sorouh's Q3 net profit slumps 75%

Real Estate
UPDATE 2: Abu Dhabi developer's MD says he is 'cautiously optimistic', sees challenging market remaining.

Sorouh's Q3 net profit slumps 75%

Dubai house prices seen falling up to 30% in 2010

Real Estate
EXCLUSIVE: Gulf economist who called 2008 crash says 'nasty surprise' looms.

Dubai house prices seen falling up to 30% in 2010

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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.
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READER COMMENTS

Reader Comments (24 hrs)

  1. New committee to rule on real estate sector dud cheques 3
    08 Nov ' 09 at 10:10
    Why do we need another committee that is 'unchallengeable', if all we need are clear laws? If the law clearly states that developers...   More  »
  2. Dubai property dispute victims to get free legal advice 1
    07 Nov ' 09 at 21:33
    As a property lawyer myself who has purchased property in Dubai myself, I am only too aware of what my contract says and that I have...   More  »
  3. Dubai house prices seen falling up to 30% in 2010 1
    07 Nov ' 09 at 21:58
    Why would "guests" purchase a property ?I bought a condo in Miami, paid 20% to escrow, balance due at handover 4 months ago.market...   More  »

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Gitex 2009

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