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Issue No 298 - 09 Feb 2009
Blue City lawsuit 'testing global confidence'
Global investor confidence in the GCC could be at stake due to the legal battle between Bahrain-based AAJ Holdings and Oman's Cyclone over ownership of the $15 billion Blue City Project in Oman, said a Bahraini entrepreneur. more
Panel to recommend Amlak, Tamweel strategy
The UAE Cabinet today formed a committee to recommend strategies for the country’s leading mortgage lenders Amlak Finance and Tamweel to develop their businesses. more
Bahrainis pump $167m into Dubai property
Bahraini investments into the Dubai real estate sector have topped Dh615 million ($167.4 million) in 2008, says a recent study by REIDIN.com. more
Surging demand pushes Bahrain property prices
Property prices in Bahrain increased by up to 600 per cent over the past four years. But there are now signs of a downturn in the luxury end of the market, according to a report. more
Dheeraj & East Coast to hand over DEC Towers
Dheeraj & East Coast, a Dubai-based real estate development company with a project portfolio of over Dh4.5billion ($1.2 billion), said the company was in the final stages of handing over of its first project, DEC Towers to end-users and investors. more
Investors flock to Nakheel 'Open Days'
Nakheel, Dubai’s master developer, said 1,910 investors responded to the invitation to find out more about progress made at Nakheel’s key projects during its community open event held last week. more
Manara names development manager
Manara Developments, a Bahrain-based real estate development company, has appointed Paul Brannigan as development manager. more


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