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Sun, 05 Jul 2009 | 04:15 GMT
 
Top Real Estate News

  • Dubai Properties Appoints Salwan to Manage Executive Towers at Business Bay


    Dubai Properties LLC today announced the appointment of Salwan LLC, both subsidiaries of Dubai Properties Group (DPG), to provide comprehensive property management services to the AED3 billion Executive Towers development at Business Bay. Press Release - 04Jul 08:03GMT
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  • Emaar MGF May Float IPO


    Emaar MGF, a joint venture between Emaar Properties and India's MGF Developments, could be looking to raise at least Dh3 billion (Rs40 billion) through an initial public offering, or IPO, the Economic Times reported on Friday. Khaleej Times - 04Jul 05:42GMT
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  • Dubai Land Transactions Exceed Dh2.2b


    The total value of land transactions in Dubai reached Dh2.24 billion last week, of which sales exceeded Dh922.92 million, the Land Department said in a statement. Gulf News - 03Jul 05:39GMT
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  • Ajman dispute panel made up of Arra members, judge


    The newly established dispute committee, set up by Ajman's Real Estate Regulatory Agency (Arra) will consist of five Arra members and will be presided over by a judge whose identity remains confidential. Gulf News - 03Jul 05:21GMT
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  • Arabtec's Backlog To Reach Dh40.4 Billion By 2013


    Arabtec Holding expects to double its backlog from Dh20.2 billion in 2009 to Dh40.4 billion by 2013. Gulf News - 03Jul 04:52GMT
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  • Deyaar Appoints New Chairman


    Dubai developer Deyaar said it appointed Abdullah Al Hameli as the company's new chairman, replacing Nasser Al Shaikh who resigned last month. Gulf News - 03Jul 04:52GMT
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  • Value Of Gulf RE Projects Under Way Is $2.39tr


    The effects of the global financial crisis on the Middle East property sector have become prominent in the dawn of 2009, when the region started witnessing a decline in unit sales and a distinctively massive correction of prices for residential projects. Press Release - 02Jul 11:39GMT
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  • Clifford Chance advises on the establishment of TDIC's Global Medium Term Note Programme


    Clifford Chance has advised Tourism Development & Investment Company P.J.S.C. ("TDIC") in relation to its Global Medium Term Note Programme, which was established on 24th June 2009. Press Release - 02Jul 10:57GMT
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  • Tashyeed Properties holds Annual General Meeting


    The Board of Directors of Tashyeed properties and shareholders held the company's Annual General Meeting (AGM), on Monday 29th June 2009. Press Release - 02Jul 07:43GMT
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  • Rakeen to commence Phase II of infrastructure work on Al Marjan Island in Aug


    Rakeen announced that it is all set to commence in August this year Phase Two of the infrastructure work on Al Marjan Island, the first-of-its-kind man-made island in Ras Al Khaimah, after awarding the contract to Rizzani. Press Release - 02Jul 07:41GMT
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Retail Therapy in Bahrain

In the dog days of summer, nothing could offer relief better than a water-park inside a mall! This air-conditioned oasis will feature 350 brand retail stores, 50 restaurants, 20 movie theaters, a game center and two luxury hotels.

 

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Have Dubai Properties' Prices Bottomed Out?
 
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Deutsche Bank report expects Dubai properties' prices to drop 15-20% in H2 '09 - 30Jun
 
 
 
 
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UAE
Mergers And Expirations
One weekend, and two big stories broke within hours of each other. One potentially has major ramifications for the Dubai and the wider region. The other was the death of a global pop star.
 

 
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The Emaar merger move sends a signal that Dubai remains committed to restructuring some of its complex web of entities. But invesors remain skeptical.
 

 
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Emaar Properties said on Sunday that the debt of the entity to be created through its merger with three other property developers will not exceed $3.64bn, 7% of combined assets.
 
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| No. of Employees | Total revenue
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Cap
($mil)
1 Dar Al Arkan Real Estate Development Company Saudi Arabia 5,107
2 Douja Promotion Groupe ADDOHA Morocco 4,894
3 Emaar Properties UAE 4,647
4 Compagnie Générale Immobilière Morocco 4,400
5 The Lebanese Company for the Development and Reconstruction of Beirut Central District Lebanon 4,399
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