The names of Bollywood actress Minissha Lamba and Hollywood movie star Tara Reid have been used in a property scam in the United Arab Emirates to fleece investors of more than nine million dirhams.

It is not necessary to be a hardcore property investor to enter the Dubai Real Estate market or to be a national citizen of Dubai. Dubai market welcomes everyone to multiply their investment and multiply their profits. You could be a simple businessman in any other field or job holder with enough savings to invest[…]

Trump Organization, the US company fronted by real estate mogul Donald Trump, has refused to confirm or deny reports it has scrapped its Trump International Hotel & Tower Dubai. Ali Rashid Lootah, the chairman of Nakheel, indebted developer behind the project, was reported as saying the $2.9bn project had been cancelled and would be replaced[…]

Property sales in Dubai plummeted in 2010 and the real estate market is likely to remain sluggish as new supply outweighs demand, according to consultants. The total value of real estate deals fell 65% last year and the situation was not helped by a lack of lending, according to the latest report from Jones Lang[…]

UAE (Dubai) – Standard & Poor’s Ratings Services said today that it assigned its ‘BB’ issue rating to the $500 million senior unsecured trust certificates to be issued by United Arab Emirates-based property company Emaar Properties PJSC (Emaar; BB/Negative/–) under the Trust Certificates Program launched by Emaar Sukuk Ltd., a special-purpose vehicle incorporated in the[…]

There has been much concern about the possibility of a property bubble, in the aftermath of the global crisis, China’s massive stimulus program, and the Fed’s quantitative easing. These projections misrepresent the problem.

Dubai Financial Market (DFM) has announced that it will introduce a unified fluctuation band for all listed securities within the one trading session based on 15% up and 10% down, as of January 2, 2011. Additionally, the exchange will adopt modified rules for the DFM General Index (DFMGI) to further reflect the highly traded stocks[…]

Dubai Financial Market (DFM) received a high level delegation of major Financial Services and asset management companies from China, who met DFM’s senior management to share knowledge and explore opportunities for collaboration. The visit is part of the continued efforts to promote and expand the presence of international investors in the market. It is noteworthy[…]

These are not joyful days in Dubai. Jones Lang LaSalle reports from Abu Dhabi that Dubai’s real estate market woes are far from over as over-supply in office, residential and retail sectors will continue to push rentals down.

Dubai: Construction work on The Tiger Woods Dubai, a multi-million dollar golf and property development, has been suspended indefinitely, the resort’s developer said in a statement.