RELATED STORIES

New committee to rule on real estate sector dud cheques

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





Dubai house prices fall 4% in past six months

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





Movenpick sees Dubai facing 2010 hotel oversupply

Hotel group director says emirate is set to open 7,000 additional hotel rooms next year.





Dubai rents near bottom, down 39%

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





UAE's Daman Investments eyes IPO by 2012

Investment firm to raise shareholder base to a maximum of 4m shares over next 3 yrs.





Qatar mulls expat salary rise to qualify for family visas

Ministry of Labour chief cites increasing rents as one reason for proposed hike.





Race to Dubai sister golf courses put on hold

Wind and Water, part of a planned quartet of courses in Dubai, suspended.





Dubai property dispute victims to get free legal advice

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





Mideast IPO activity slumps in Q3

Ernst & Young report says total value of IPOs was $871m, compared to $3.74bn in same period in 2008.





Business leaders sign up for UAE 'crash conference'

Arabian Business set to host special event in Dubai on the impact of the financial crisis.





Kuwait economy may contract by up to 2% in 2009

Central bank governor also says he expects economic growth to return in 2010.





Shuaa Capital posts $73.2m Q3 loss

Dubai financial services firm chief says it has hired consultancy to help restructuring, form new strategy.





Senior Dubai business leader eyes $ peg rethink

Dubai chamber director general says good time for gov't to reassess dollar link.





Senior banker warns UAE job cuts may not be over

Standard Chartered consumer banking chief says country 'not out of the woods yet'.





Demand seen growing for Dubai office space

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





UAE real estate salaries suffer 30% cuts

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





Big divide in Dubai, Abu Dhabi property markets - study

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





Mashreq's Q3 net profit falls by 42%

UPDATE 1: Dubai's second largest bank by market cap says decline due to rise in loan provisions.





Arabtec says Q3 net profit down by 35%

UPDATE 1: Dubai's construction giant says third quarter net profit was AED166.6m, down from AED511.7m.





Sorouh's Q3 net profit slumps 75%

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





Some UK contractors 'snub Dubai' over payment fears

UK industry association chief says large number of companies still owed money by developers.





Dubai house prices seen falling up to 30% in 2010

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





DFM company posts 67% drop in net profit

Net profit reported of AED258m for Jan-Sept, compared to AED781m for same period 2008.





Bahrain contractors facing squeeze in downturn

Nass Group chief sees major job cuts in industry amid construction slowdown.





High profile Dubai project faces delay - architect

EXCLUSIVE: The Pad, one of world's most high-tech schemes, set to miss 2010 date.





Aldar sees Q3 net profit fall by 43%

UPDATE 1: Abu Dhabi's largest developer posts profit of $117.1m in Q3 amid challenging conditions.





Deyaar says it will restart projects in 2010

CEO adds that 2009 was 'development holiday'; eyes next year for resumption.





DP World sees challenging Q4 as YTD volumes fall

UPDATE 1: Port operator says volumes improved in Q3, still down 8% in 2009.





ADCB announces big slump in Q3 profit

UPDATE 1: UAE's third largest bank by assets posts 90% fall in Q3 profit from hefty provisions against bad loans.





Mashreq sees 'unprecedented' credit card skips

Bank sees rise in number of customers leaving UAE without paying off debts.