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.

Dubai, Feb 23 (IANS) Gulf Arab stock markets have been declining since last week despite the surging oil prices that normally support the regional stock indices, Xinhua reported. While political tensions in Bahrain eased Tuesday, the turmoil in Libya worsened.

The fall in property prices in Dubai is slowing analysts are not expecting any sudden improvement in the emirate’s real estate market. Sale prices fell 1.9% and rents were down 0.7% in January, according to figures from Deutsche Bank. ‘We still do not see any improvement in fundamentals that could trigger a recovery,’ said analysts[…]

Two property developers from the UAE are planning to list Islamic real estate investment trusts worth a combined 2 billion ringgit ($656m) in Malaysia this year, an exchange official said. The companies will be the first from the Arabian Gulf to sell Islamic REITs in the Southeast Asian nation, said Raja Teh Maimunah, global head[…]

Dubai just can’t kick its building habit. Construction sites are buzzing with work across the Persian Gulf sheikdom more than two years after the financial crisis set off a real-estate slump that caused values to fall by more than 60 percent. In the next two years, tens of thousands of new properties will come onto[…]

Dubai is the land of the exotic. Structures that seem like the overactive imagination of a child have materialised in Dubai. Initially, Dubai seemed unaffected by the late 2000 recession that originated in US and had repercussions all over the world. Countries around the world felt its impact deeply, yet Dubai seemed unperturbed. It continued[…]

DUBAI – The UAE will see a gradual improvement in financial confidence led by a drop in the country’s lending rates, an economist at a leading bank said 
on Monday. “There will be a gradual improvement in financial confidence led by a slow narrowing of the gap between the UAE EIBOR (Emirates Interbank Offered Rates)[…]

Royal Group, run by the brother of Abu Dhabi’s ruler, may invest several hundred million dollars in housing and agriculture projects in Chechnya, said Ramzan Kadyrov, the Russian region’s leader. Royal Group, which invested in Al-Reem, a $60 billion island project in Abu Dhabi, recently sent a delegation to the region, Kadyrov said in an[…]

Owning an apartment inside the Burj Khalifa, the tallest building in the world, is the ultimate accomplishment for Daryl Patni. Mr Patni, 42, a Mumbai native who has lived in Dubai for much of his life, started out as a ground crew member for Emirates Airline before setting out on his own to become a[…]

Gulf equities attractive in terms of earnings Dubai: The premium segment of Dubai’s property market could get a boost from refugee capital inflows from countries that are facing political turmoil, said Gary Dugan, Chief Investment Officer and Acting General Manager, Private Banking, Emirates NBD.