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Issue No 301 - 02 March 2009
 
 
Dubai property show 'big success'
The 'International Property Show - Dubai 2009', the biggest transactional property exhibition in the region, has successfully concluded, witnessing substantial property deals struck among developers, real estate companies and investors. more
 
Union Properties eyes solid Q1 profit
Dubai's Union Properties said on Sunday it expects to make a profit in the first quarter of 2009 mainly on gains from rental properties and expects 2009 profit to exceed that of last year. more
 
 
Damac gives finishing touches to JV project
Damac Properties Dubai said external cladding and painting work has now begun at its Emirates Garden development in Jumeirah Village in race to meet the summer delivery deadline. more
 
UDC 2008 revenue tops $577m
United Development Company (UDC), one of Qatar's leading public shareholding companies, said 2008 had been a year of solid performance across the UDC portfolio of projects and operations with revenues exceeding QR2.1 billion ($577 million). more
 
Abu Dhabi property prices down 25pc
The average prices for Abu Dhabi’s master developments have fallen by 15 to 25 per cent since peaking in the third quarter of 2008 and are nearing original prices in the secondary market, said a report. more
 
Property firm expects market stability
Sherwoods Independent Property Consultants expects the rental index introduced recently by the Real Estate Regulatory Authority (Rera) to consolidate and stabilize the Dubai rental market in the long term, said a statement. more
 
Dubai developer wants to shed RAK property
A Dubai real estate firm said on Thursday it was looking to offload a $800 million project it had launched in Ras Al-Khaimah due to lack of financing. more
 

the 8th
Abu Dhabi firms plan $10bn Jordan project
An Abu Dhabi property joint venture company including Aldar Properties and Sorouh Real Estate said on Thursday it would build a $10 billion development in Jordan.more



 
 
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