Watch Deccan Chargers vs Kolkata Knight Riders IPL 2010 Live Streaming and Highlights
Watch Deccan Chargers vs Kolkata Knight Riders IPL 2010 Live Streaming and Highlights
Ajman Real Estate Regulatory Agency sets July 1, 2009 as deadline for registration of property developers.
Ajman Real Estate Regulatory Agency (ARRA) has set July 1, 2009 as the deadline for property developers who have not completed the registration procedures with ARRA. It is not enough that a developer submits part of the required documents to ARRA to be a licensed real estate developer. The Amiri decree, as amended, was very clear in this regard, therefore, all property developers who have not completed all the procedures or failed to provide the documents needed for practicing the activity of real estate development in Ajman are advised to take immediate action otherwise, a fine of Dh100,000 per month will be applied against offenders.” Read the rest of this entry »
Dubai: British business must remain a close commercial ally with Dubai and be an active partner in the emirate’s recovery from the current economic slowdown, Peter Mandelson, British Secretary of State for Business said on Wednesday evening.
Speaking at the British Business Group’s welcome dinner in the Raffles hotel, Mandelson stressed that, despite the UK’s strong history of doing business with Dubai, the community must not allow itself to become complacent.

HSBC Middle East, Midde East division of the leading international bank, is to re-enter the UAE mortgage market as it has confirmed easing of its proeprty finance rules. Read the rest of this entry »

According to a new report by Jones Lang LaSalle, the world’s leading real estate investment and advisory firm, prices of real estate throughout the region are likely to continue to fall over the next 6-12 months even when there are signs of recovery in the Middle East and North Africa. Read the rest of this entry »
Bad days are over, Al Shaikh says
April 10, 2009 — Admin Real EstateDubai: Dubai has begun disbursing a $10 billion (Dh36.7 billion) fund it raised to battle the impact of the global credit crisis and its economy is past the worst of the danger, the emirate’s top finance official has said.
“We are talking about big sums here,” Nasser Bin Hassan Al Shaikh, director-general of the Department of Finance, said in an interview. “The bad days are over” for the economy, which is stabilising and will gradually recover.
Economic growth in Dubai slumped after the worst financial crisis since the 1930s hurt its property, financial services and tourism industries. The emirate’s economy may contract between two per cent and four per cent this year, Standard & Poor’s Ratings Services said in a report on March 17.
The economy still expanded in the first quarter, Al Shaikh said. In February, Dubai sold $10 billion of five-year bonds to the UAE Central Bank, part of a $20 billion medium-term note programme, to help state-affiliated companies struggling to raise cash. That money will be used to meet payment shortfalls and repay loans, the government said on February 25.
“Most of the support will be offered to the property companies since they are the pillars of Dubai’s economy,” Al Shaikh said. The Department of Finance will announce an overall figure for funds paid out and approved for disbursal “very soon” but not the companies that have received help, he added. Read the rest of this entry »