[Trends , News]
Posted
Jun 15, 2010 3:40:47 AM
by Wyne
|
UAE Economy To Showcase 4% Growth In 2010: Sultan bin Nasser Al Suwaidi, the governor of the Central Bank of UAE, who was addressing the media on the margins of the World Islamic Banking Conference, mentioned that the economy of the nation is expected to grow by about 4% over 2010 and 2011. “Average growth for the two years [2010 and 2011] is around four per cent and it is expected”, he said.
Sultan ...
|
| |
[ Read More |
Comments
(1) | Views (541)] |
|
|
[Dubai , News]
Posted
Oct 31, 2009 1:12:50 PM
by Jun
|
Joan A., 61, a pensioner from South Africa, said she paid a total of Dh95,840 to Avanti Holding between December 2007 and May 2008 for a unit at The Palisades, a Pearl Properties project in Dubai. Her payments represent 20 per cent of the unit price.
But for the last few weeks, the agents have ignored her phone calls and e-mail queries regarding the delay in construction.
"With the extent ...
|
| |
[ Read More |
Views (2658)] |
|
|
[International , News]
Posted
Sep 22, 2009 3:08:16 PM
by Wyne
|
The recovering housing market may be heading for a relapse as President Barack Obama and Federal Reserve Chairman Ben Bernanke consider ending support for the source of the global financial crisis.
The Obama administration is studying whether to let a first-time home buyers' tax credit expire as scheduled at the end of November. Bernanke and his Fed colleagues may continue talking this week about ...
|
| |
[ Read More |
Views (2447)] |
|
|
[Construction , News]
Posted
Sep 20, 2009 12:07:54 AM
by chiropractor
|
UAE construction activity staging steady recovery: Construction activity is gradually picking up in the UAE as a leading building material importer and distributor group has witnessed 20 per cent growth this year.
"Despite the global economic crisis, our group has recorded 20 per cent growth in terms of sales and demand for building material supplies," said Mian Mohammad Muneer, CEO ...
|
| |
[ Read More |
Views (2198)] |
|
|
[General , News]
Posted
Sep 16, 2009 8:51:30 PM
by Anonymous
|
UAE aims to sustain growth: The government's consideration of various propositions to sustain economic growth is crucial for the stability and progress of the country.
This will not only ensure that the country builds on what it has achieved thus far, but also minimise repercussions caused by the global financial crisis.
A senior official has said the government is looking into as many as 50 ...
|
| |
[ Read More |
Views (1628)] |
|
|
[RAK , News]
Posted
Sep 15, 2009 8:59:55 PM
by Anonymous
|
Rakeen completes model units of Bab Al Bahr in Ras Al Khaimah: Rakeen, one of the most dynamic property developers in Ras Al Khaimah, has completed a comprehensive overhaul of the model apartments for Bab Al Bahr, a value-added offering that gives clients a preview of the actual features, amenities, layout and ambience of their dream homes. The model 1 and 2-bedroom units, which are conveniently located ...
|
| |
[ Read More |
Views (1548)] |
|
|
[Dubai , News]
Posted
Sep 12, 2009 8:50:01 PM
by Anonymous
|
Dubai: The real estate sector, the first sector to fuel the country's recent economic growth, will probably be the last in the recovery wheel, senior government officials said.
"The recovery path of [the] real estate sector is very slow and will not start before the end of 2010," Dubai Police chief Lt General Dahi Khalfan Tamim said at a Ramadan majlis.
He identified greed and irresponsible ...
|
| |
[ Read More |
Views (1572)] |
|
|
[Business , News]
Posted
May 21, 2009 4:57:35 PM
by Anonymous
|
Sorouh Real Estate, one of Abu Dhabi's leading real estate developers, has announced a resoundingly positive reaction to its unique customer initiative for alghadeer. The initiative, which aims to ensure long-term value creation and growth for alghadeer customers, includes reduced selling prices, revised built-up areas to maximize equity value and re-scheduled payment plans with financial support ...
|
| |
[ Read More |
Views (2051)] |
|
|
[Dubai , News]
Posted
May 19, 2009 1:37:52 PM
by chiropractor
|
Multiple entry visa to help Realty Sector in Dubai: Onset of June will bring some good news for foreign property owners as Dubai plans to introduce multiple entry visa valid for six months. However, a top official indicated some more changes to the property visas offered to expatriate home owners in the UAE.
Dubai which was banking heavily on property sector got rattled by the current gloom prompting ...
|
| |
[ Read More |
Views (1965)] |
|
|
[International , News]
Posted
Mar 13, 2009 3:28:15 PM
by chiropractor
|
Now it's the real estate developers who are slated to get a bailout.
By April, the US federal government expects to have a plan to refinance office towers and shopping centres in danger of defaulting. The scale is likely to be massive: Last week Federal Reserve Chairman Ben Bernanke hinted at providing another $1 trillion (Dh3.67 trillion) in credit.
The goal, he said, is to head off a "looming ...
|
| |
[ Read More |
Views (2345)] |
|
|
[Emaar , News]
Posted
Mar 6, 2009 2:11:23 PM
by Wyne
|
Emaar to consider investors' petition on projects seriously: The Middle East's largest developer, Emaar, is considering cancelling or postponing three projects, including Warsan, Asmaran and Maysan, after receiving a petition from investors.
The developer admitted it had received a petition.
"Emaar Properties has received a petition from investors regarding some of its projects and will ...
|
| |
[ Read More |
Views (2370)] |
|
|
[RAK , News]
Posted
Feb 28, 2009 1:30:31 PM
by Admin
|
La Hoya waterfront project in RAK being scrapped: Khoie Properties, a Dubai real estate firm, said on Thursday it was looking to offload an $800 million (Dh2,936 million) project it had launched in Ras Al Khaimah due to lack of financing but the emirate's investment arm was unwilling to bail it out.
Khoie Properties' chief financial officer said a market slump made his firm unable to pay for part ...
|
|
| |
[ Read More |
Views (1939)] |
|
|
[Dubai , News]
Posted
Feb 5, 2009 4:13:45 PM
by Wyne
|
Dubai's Land Department has ambitious plans to become the real estate advisory authority not just for the emirate, but for the whole region, senior officials said on Wednesday.
Regardless of financial events taking place globally, the Land Department is still sticking to its original vision of providing a safe environment for investment.
"We are the authority in this region, thanks to our ...
|
| |
[ Read More |
Views (648)] |
|
|
[Business , News]
Posted
Jan 31, 2009 2:59:35 PM
by chiropractor
|
Aspire handing over Jehaan to a third party: Owner and chairman of property developer Aspire Real Estate, Harry Kantaria, is handing over his company's Dh530 million Jehaan project to a third party.
Kantaria told investors that he has sold the Jehaan project, which has been beset with problems.
He owes an undisclosed sum to investors in refunds, according to people who bought units in the project.
"One ...
|
| |
[ Read More |
Views (939)] |
|
|
[Rentals , News]
Posted
Jan 28, 2009 3:29:41 PM
by mcdar
|
Hassle-free termination of rental contracts needed: According to legal experts in the UAE, the tenants suffering the impact of the financial situation should be allowed to terminate their leases without hassle, especially those paying annual rents with a single cheque. As the after effects of global financial slowdown, many are in midst of situation to reassess their job security as well as visa status. ...
|
| |
[ Read More |
Views (1235)] |
|
|
[General , News]
Posted
Jan 28, 2009 3:27:10 PM
by mcdar
|
UAE to have trans-emirates railway line soon: Members of the Federal National Council (FNC) has urged the Ministry of Public Works to build more roads and fast track the trans-emirates rail network to ease traffic congestion on Dubai-Sharjah road. The train service is expected to ease traffic flow by reducing the number of cars on the road.
Sheikh Hamdan Bin Mubarak Al Nahyan, Minister of Public ...
|
| |
[ Read More |
Views (716)] |
|
|
[Dubai , News]
Posted
Jan 27, 2009 3:44:38 PM
by chiropractor
|
Property prices in Dubai could fall about 20 per cent on average, the chairman of the emirate's largest developer, Emaar Properties, said in remarks published yesterday. He did not give a timeframe.
Mohammad Al Abbar also said Emaar's financial position was strong but the firm had no intention to buy back shares, but it might consider delaying some projects if market conditions indicated a need ...
|
| |
[ Read More |
Views (568)] |
|
|
[International , News]
Posted
Jan 23, 2009 3:01:26 PM
by zq
|
Slumping Asian property markets could intensify the region's economic downturn this year, further undermining consumer and investor confidence and prompting homeowners to tighten spending.
Japan, Hong Kong, Singapore and New Zealand are already in recession, and data yesterday showed activity in regional powerhouses China and South Korea is rapidly cooling as the full force of the global financial ...
|
| |
[ Read More |
Views (645)] |
|
|
[Dubai , News]
Posted
Jan 22, 2009 9:55:49 PM
by Anonymous
|
Dubai is top of the league in the Middle East Cities of the Future ranking by fDi magazine, scoring highest points for economic potential, business friendliness, infrastructure and quality of life. Dubai scored 471 amongst 20 cities in the region evaluated, with Jeddah, Abu Dhabi, Manama, Riyadh and Ras Al Khaimah in the next five places, respectively.
Produced by the Financial Times group, fDi ...
|
| |
[ Read More |
Views (444)] |
|
|
[Nakheel , News]
Posted
Jan 22, 2009 9:54:57 PM
by Anonymous
|
SafMus buys Great Britain Island on The World: SafMus Holdings, a Dubai-based real estate developer, has bought the 11-acre island of Great Britain on The World archipelago for $63.3 million to build a mix of residential, hotels and commercial projects that will reflect British architecture.
Safi Qurashi, one of the partners of SafMus Holdings said, "We are not looking to replicate any building ...
|
|
| |
[ Read More |
Views (1046)] |
|
|
|
|
|
|
| Most Viewed in Last 30 Days |
| Syndication |
|
|
|
|
