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[…]

The number of projects registered under the Dubai Land Department’s (DLD) Tayseer programme has reached 114 and the first funding agreement under the scheme is expected to be finalised soon, a senior official told Emirates 24|7. “The second phase has already started with the number of projects approved under Tayseer programme now standing at 114.[…]

Emaar Properties PJSC will hold its 13th Annual General Meeting on Monday, March 28, 2011, at 5pm at the Constellation Ballroom of The Address Dubai Marina. The AGM will discuss and approve the report of the Board of Directors on the activities and financial position of the company and the company’s balance sheet. The AGM[…]

In a move that boosts market confidence and transparency Dubai Real Estate Regulatory Agency (RERA), the regulatory arm of the Dubai Land Department, announced it has completed receipt of financial statements for 70% of all real estate projects registered at RERA, by creating a new auditing system that is being implemented for the first time[…]

Deyaar Development said on Wednesday that net losses in 2010 were AED2.3bn ($626m) on the back of writedowns and extremely challenging market conditions. The Dubai-based real estate company said it was increasingly focusing its operations on its property management business rather than new-build projects. Saeed Al Qatami, CEO, Deyaar, said: “As we enter a period[…]

Apartment rents in some of Dubai’s most popular areas have fallen by about 30% in the last 12 months but villa rents are largely stable, it has been revealed. The latest figures from the emirate’s Real Estate Regulatory Agency show that apartment rents in Dubai Marina, Palm Jumeirah, Discovery Gardens, and Jumeirah Beach Residences have[…]

Dubai’s economy is projected to rebound by three to five per cent in real terms this year on the back of stronger performance in the tourism, trade and other sectors, a senior businessman from the emirate was reported on Sunday as saying.

Real estate prices in Dubai fell 1.7% in February and could fall up to 30% in next two years in a sign that the emirate’s beleaguered property market is still not back on track. The latest figures from Deutsche Bank show that although the pace of decline is slowing there is still likely to be[…]

Reports released yesterday offer contrasting perspectives on the state of UAE property markets. This year will be “better in Dubai”, thanks to increased transparency and improved investor confidence, Sultan bin Butti bin Mejren, the director general of the Dubai Land Department, said during a property conference.

DUBAI — More supply in Dubai’s residential market will aggravate the oversupply situation and will continue to put downward pressure on capital values, property analysts at Landmark Advisory warned on Wednesday.