DUBAI: Some 150 owners associations have been approved by authorities, but they still face complex technical hurdles before any can legally take action. The figure was revealed by Marwan bin Ghalaita, the chief executive of the Real Estate Regulatory Authority, at a talk Wednesday night. The number far exceeds previous estimates that have been publicised[…]

Dubai: With many residential high-rises on Reem Island scheduled for completion this year, these could well provide the breathing space that Abu Dhabi’s perennially under-supplied property market requires… urgently. And the city’s residents can benefit from all that stock hitting the market, and in more ways than one.

Berwin Leighton Paisner (BLP) has strengthened its Middle East real estate practice with two partner hires in Abu Dhabi. Simmons & Simmons Middle East head of real estate David Nunn joined BLP earlier this month to take up a newly-created role as real estate head for the Middle East and North Africa. Before relocating to[…]

ABU DHABI Jan 28 (Reuters) – Banks in the United Arab Emirates, hurt by exposure to debt-laden Dubai World [DBWLD.UL], must book provisions on a quarterly basis starting this year, according to a circular from the Central Bank, which is pushing for transparency in the country’s banking system.

A cluster of 300 artificial islands off Dubai’s coast in the shape of a global map is stable, its developer Nakheel insists, despite a court claim alleging that “The World” was neglected and eroding away.

Nakheel has been forced to call a press conference to persuade the world that the troubled developer’s World Development, an artificial archipelago of 300 islands off Dubai’s coast, was not sinking.

Dubai: Dubai has absorbed more per capita office space than any major city in the world over the past two-and-a-half years, according to a report by global real estate advisory firm Jones Lang LaSalle.

The markets in the United Arab Emirates (UAE) will have to face problems like profit minimization in recent times. This is due to the decline in property prices in the country. However, this will not affect medium to long-term investors and local stocks will have barely any loss in the region.

DUBAI — Dubai’s leading property develop, Emaar, said Thursday it has raised $500 million through an offering international bonds aimed mainly at refinancing debt, raising hopes for eased finance for Dubai firms. The company behind the building of the world’s tallest tower, Burj Khalifa, said its first international fixed-income offering, in the form of sukuks,[…]

DUBAI (Zawya Dow Jones)–Dubai real-estate developer Nakheel said Thursday a special tribunal relating to Dubai World dismissed a contempt case against the real-estate developer.