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Issue No 279 - 18 Aug 2008
Nakheel employee 'under graft probe'
Government-owned developer Nakheel Properties, builder of Dubaiís Palm Islands, has said one of its employees is under investigation on suspicion of bribe-taking in the latest in a series of graft probes in the Gulf business hub. more
Dubai Sports City 'to play key Olympics role'
Dubai Sports Cityís Academy Campus Ė the cluster of major training facilities at the heart of the integrated sports destination Ė could play a major role in preparing competitors for future Olympics, according to senior executives. more
The Walk attracts more retailers
Dubai Retail has said The Walk at Jumeirah Beach Residence, Dubaiís first and only outdoor retail avenue by the sea, will soon have 350 retailers. more
Dubai launches crackdown on corruption
The Dubai government has launched a campaign to crack down on corruption in public and private real estate and financial firms, a report said. more
DREI offers Masterís program
Dubai Real Estate Institute (DREI), the regionís first specialized real estate institution, has launched graduate programs with three in-built degrees. more
Hamptons opens sales office at Emaar Square
Hamptons International, one of the premier residential agents, has announced the launch of its new sales office in Emaar Square - the exclusive commercial component of Downtown Burj Dubai. more
Deyaar names Giebel as CEO
Deyaar Development, one of the fastest growing real estate companies in the region, has announced the appointment of Markus Giebel as the companyís new chief executive officer. more
Tamweel ex-boss under investigation
Dubai mortgage lender Tamweelís former chief executive and head of investments are under investigation for alleged wrongdoing, their current Dubai employer said on Thursday. more
Kuwait July property sales plunge 65pc
Kuwaitís real estate sales plunged 65 per cent in July, the fourth month of decline after private firms were banned from trading in residential property to leash record inflation, according to government data. more

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