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Issue No 291 - 18 Nov 2008
Dubai property boom halts as prices fall, jobs go
Dubai property shares plunged and its biggest private developer slashed jobs this week as the global financial crisis tightened its grip on the tiny emirate, until now synonymous with the Gulf Arab real estate boom. more
Emaar reviewing jobs to 'tackle new realities'
Dubai's Emaar Properties, the developer behind the world's tallest tower, said on Thursday it was reviewing its jobs policy in light of the global financial crisis after other developers shed jobs. more
Dubai property 'slump won't last long'
The current slump in real estate industry in Dubai, due to speculation in the market and the liquidity squeeze that gripped the local banking sector, will not last very long, according to experts. more
Oasis in deal to develop Nakheel Island
Oasis Group, a leading international real estate investment and development group of companies, has signed a deal with Nakheel for the purchase of Island D43, located close to the Eastern hub on Nakheel's The World project. more
Al Salam in key Makkah tower investment
Al Salam Bank-Bahrain has announced plans for a Sharia-compliant investment in a residential and commercial tower near Makkah. more
The Wave, Muscat apartments open for sale
The Wave, Muscat, Oman’s premier freehold integrated tourism development, has opened its apartments within the Lasail East and West and Lasail Marina sectors, as well as beach park villas and villas within Sector 5, for sale. more
Twin property expos see record sales
Property Arabia 2008 and Worldwide Property Show, the twin property exhibitions held in Bahrain, ended on a positive note with exhibitors reporting record sales. more
Qaryat Qurum project launched
Qaryat Qurum, a deluxe township in Muscat, has been unveiled by Al Qurum Properties LLC (AQPL), the joint venture of UAE-based ETA Star and Oman's OHI Group, a report said. more
SPI launches 'show apartment’ at Sabban Towers
Sabban Property Investments (SPI) has launched a three-bedroom ‘show apartment’ at the QR1.2 billion ($329.5 million) ‘Sabban Towers’ project.more

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