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Issue No 297 - 02 Feb 2009
 
 
Emaar says no change in profit policy
Emaar Properties will keep to its policy of not booking profits through the revaluation of assets, the chairman of the Arab world's largest developer said on Saturday. more
 
Sorouh net profit surges to $12.5m
Abu Dhabi-based Sorouh Real Estate, denying earlier media reports of a net loss, said that the company had posted a net profit of Dh46 million ($12.5 million) in the fourth quarter of 2008. more
 
 
Experts back Abu Dhabi investment expo
Real estate experts were lauding Abu Dhabi for hosting the International Real Estate and Investment Show (IREIS 2009) in the midst of the economic crisis. more
 
UAE property 'will be hit by expat outflows'
Property market conditions in the United Arab Emirates will remain challenging this year and next with house prices in Dubai expected to fall further as foreign workers leave the emirate, UBS said. more
 
Dubai real estate investments top $16bn
Total investments in Dubai’s real estate sector have crossed Dh58 billion ($16 billion) during the last quarter of 2008, representing a drop in comparison to the previous quarter of 2008, said an expert. more
 
Burooj promises timely delivery
Burooj Properties has affirmed timely delivery of its projects. more
 
Hydra Properties projects a hit at IREIS
Hydra Village Sharjah and Time Square Lahore have received an overwhelming response from potential investors at the International Real Estate and Investment Show (IREIS). more
 
1
New era 'emerges in the UAE property market'
A new era in the UAE’s property market is emerging from the world economic crisis according to Landmark Advisory’s first quarterly market report of 2009. more
 
 
 
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