Sorouh Real Estate, one of Abu Dhabi’s leading real estate master-planners and developers, is to introduce additional new financing schemes for properties on each of its developments, following the formation of a new Customer Finance Unit. Read the rest of this entry »
Depa Limited, one of the world’s largest providers of interior contracting services, said that its Moroccan subsidiary, DepaMar, has been awarded a $50 million (Dh183 million) order by Kerzner International Developments Read the rest of this entry »
UAE businessman Abdullah Al Harbi said that financial crisis is not all bad news. Infact it augurs well for Dubai real estate sector as it would become more organized and free of manipulators eyeing quick bucks. Also the economic meltdown has set in motion a realistic correction long-pending in the UAE. Read the rest of this entry »
Dubai-based real estate developer, Landmark Properties calls for increased transparency and context amid the range of data currently being released into the Middle East property markets, as part of a wider panel discussion to help shed light on the volatility of global and regional real estate markets. Read the rest of this entry »
Henry Paulson’s “bazooka” is looking more like an intercontinental ballistic missile.
That’s the word the former Treasury secretary used in August to explain the firepower of hundreds of billions of dollars of US stimulus. In November, China rolled out its own $586 billion (Dh2.15 trillion) bazooka. India, Indonesia, Japan, Malaysia and Singapore intend to raise spending to boost growth. Read the rest of this entry »
Dubai: Credit rating agency Fitch on Sunday said, the UAE banks might not be able to maintain last year’s earnings. It added, “the outlook of UAE banks in 2009 is challenging with 2008 levels of net income unlikely to be repeated”. Read the rest of this entry »
Dubai: Real estate shares dragged the Abu Dhabi index down by 1.25 per cent on Monday, with mostly day traders trading in and out based on technicals amid low volumes. Read the rest of this entry »
UAE and Vietnam sign trade agreements
February 17, 2009 — Admin Real EstateDubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Monday held talks with Nguyen Tan Dung, Prime Minister of Vietnam, at Zabeel Palace. Read the rest of this entry »