The property market in Dubai is stable but the industry still needs to build trust with buyers and to attract investors looking for long term returns, according to the emirate’s Real Estate Regulatory Authority. It is seeing around 50 sale transactions a day, explained Marwan Bin Ghalaita, RERA director general and the organisation is carrying[…]

Total commission received by real estate brokers during the second half of 2010 amounted to Dh315 million, a senior Dubai Land Department (DLD) official said. The commission have been collected as a result of real estate deals being registered by brokers with the department, Brokers Licensing Department Director Yousif Al Hashimi said in a statement.

Dubai’s real estate market has stabilised and is seeing around 50 sale transactions a day, the head of the emirate’s property watchdog said. RERA is in carrying out a financial review of about 90,000 real estate units due for delivery over the next five years but sees signs the market has steadied, said director general[…]

The Dubai Courts heard about 106,000 cases in 2010 against about 90,000 cases the year before, said Director-General, Dr Ahmad bin Hazim, while launching the department’s annual performance report during to a press conference.

Dubai authorities have warned against what it described as misleading information about its property market, saying recent reports about the completion of tens of thousands of new houses are incorrect. Sultan Butt bin Majran, Director-General of Dubai’s department of land and property, said around 10,000 new houses would be completed this year but added they[…]

Dubai 2 April 2011: Dubai Customs has recently launched “Dubai Customs Passenger Charter” which comprises a set of commitments of high quality customs services ensuring proper and fair treatment of all passengers coming to the UAE through air, land and sea entries in Dubai. The charter sets out the passengers’ rights and duties with regards[…]

Mar 28, 2011 – Dubai (UAE) – Dubai real estate prices have fallen further in Q1 2011. Price drops have varied across different areas. Areas seeing the highest falls are where new supply is the greatest. Other affected areas are those that offer low quality and have nearby areas where quality alternatives have appeared. Dubai[…]

KABUL—Afghanistan’s biggest lender Kabul Bank will be liquidated starting next month, in a step required by the International Monetary Fund to renew financial assistance to the country, Afghan officials said. Kabul Bank experienced a run on deposits last fall after massive fraud at the lender was exposed. The bank’s biggest shareholders, including a brother of[…]

House prices are sliding in countries around the world, reviving concerns of a double dip. Forty-one per cent of the countries tracked by the Knight Frank Global House Price Index reported negative growth in the fourth quarter of 2010. That compares to 31 per cent in the second quarter, when many analysts were hailing signs[…]

Investors and trade creditors may find themselves unable to pursue disputes against Nakheel in the Dubai World tribunal if plans to separate the debt-hit firm from its parent company go ahead. Nakheel chairman Rashid Lootah said in February the firm would be carved out of state-backed conglomerate Dubai World, as the company sought to restructure[…]