Dubai property prices and rental rates are likely to start recovering in 2011, following a period of stabilisation in 2010, a global real estate firm said on Sunday.
Jones Lang LaSalle sees 2009 as a year of correction for Dubai’s property market amid the global economic downturn, with the emirate likely to be harder hit than [...]
DUBAI: Dubai-based developer Meraas said it will review a recently launched US billion (US = RM3.64) property project, as more developers reassess and scale back work due to the global financial crisis.
The government-owned developer said it was reviewing the phasing and rollout of its Jumeirah Gardens project which was launched at a Dubai property exhibition [...]
DUBAI: Dubai property giant Nakheel – behind such grandiose projects as a one-kilometre tower and artificial palm-shaped islands – said yesterday it has fired 500 staff because of the global financial crisis.
The government-controlled developer, one of the biggest employers in the booming Gulf emirate, also said it would be scaling back work on some of [...]
Dubai Government has launched an online property registration scheme, Oqood, that analysts say, will lead to a higher level of transparency and eventually create an online property price index (PPI).
Dubai’s Land Department in conjunction with the Real Estate Regulatory Authority (Rera), yesterday said, the new online application ‘Oqood’ will enable the effective implementation of Law [...]
Home prices in Dubai, the second-biggest of the seven sheikhdoms that make up the United Arab Emirates, are likely to remain flat until 2010 after five years of steep gains, Colliers CRE Plc said.
About 140,000 new homes will be completed in Dubai by the end of 2010, adding to the existing stock of about 300,000 [...]
With its world’s tallest building nearing completion, Dubai said Sunday it is embarking on an even more ambitious skyscraper: one that will soar the length of more than 10 American football fields.
That’s about two-thirds of a mile or the height of more than three of New York’s Chrysler Buildings stacked end-to-end. Babel had nothing on [...]