DUBAI: A government fund set up to help debt-ridden state-linked firms will need to be “topped-up” by as much as $2.4 billion over the next two years, JP Morgan said in a note, with several looming repayment deadlines at Dubai Inc. The US investment bank said that Dubai is likely to tap capital markets to[…]

A Dubai-based real estate agent has advertised a 22-storey hotel property in Dubai Marina for sale, complete with a price tag of AED350m ($95m), Arabian Business has learned. Located in the popular Dubai Marina area, the 462,340 sq ft property is a 22-storey hotel building, including 22 studio apartments, 74 one-bedroom apartments, 56 two-bedroom apartments[…]

Dubai,UAE February 27th 2011 :DAMAC Properties, the largest private developer in the Middle East, has completed the raft foundation for its iconic ‘Al Jawharah Tower’ in Jeddah, KSA. The main contractors M/s Drake & Scull JV have now finished the foundation works and all basement levels. The pouring of the raft is a significant development[…]

Property legal expert answers questions on real estate most affecting investors and the market QUESTION: I am an American national who has been living in Dubai for the past three years. About two years ago, I leased (purchased) land in Nad Al Hamar, Dubai, for 99 years.

(DUBAI, UAE) — As real estate prices continue to drop in Dubai and Abu Dhabi given the ever growing oversupply of residential and commercial space, some of the UAE’s top developers are looking outside the country for new markets. Emaar, Dubai’s largest developer, has been focusing on projects in the Middle East and beyond. CEO[…]

Dubai: A new law issued yesterday will allow renovation work on residential buildings in old settlement areas of Dubai and allow Emiratis to continue living in these areas. His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, in his capacity as Ruler of Dubai, yesterday[…]

Singapore: City Developments is looking to acquire Dubai World’s one-third stake in the South Beach project, increasing its holding to two-thirds, The Business Times reported yesterday. CDL has exercised its first right of refusal to buy the stake in the project in Singapore having fulfilled conditions of the transaction, the newspaper said.

One bedroom units available for as low as Dh21k in International City and 35k in Discovery Gardens Rents in Dubai are touching new lows with one bedroom units being offered at Dh21,000 for a year in International City, while a similar unit at the Discovery Gardens is down to Dh35,000 from its peak of about[…]

Former Met officer calls for fresh investigation as millionaire businessman ‘reckless’ but not criminal A London-born property developer serving seven years in a Dubai jail for bouncing £50m worth of cheques has been wrongly convicted and was the victim of a criminal conspiracy, according to a former Metropolitan police chief.

Developers and banks led UAE shares lower yesterday, but calm was largely restored after Sunday’s aggressive sell-off. The Dubai Financial Market (DFM) General Index lost 1.3 per cent to 1,516.43 and the Abu Dhabi Securities Exchange General Index declined 0.4 per cent to 2,620.29.