ArabianBusiness.com - Middle East Business News
Thursday, 20 November 2008 18:37 UAE time

YOUR DIRECTORY /

Sama Dubai reviews projects amid global crisis

Sama Dubai reviews projects amid global crisis

Real Estate
Real estate division of Dubai Holding says no decision has been taken regarding job cuts.

Developer puts new projects on hold amid global crisis
Real Estate
But Azizi Investments boss insists all current projects will be delivered.

Finance still most popular jobs sector: survey
Real Estate
Regional questionaire shows respondents from UAE, Kuwait and Jordan in agreement.

DM rules out extending 'one family' rule to flats
Real Estate
No plans to extend rule, but Dubai Municipality will act on individual cases - senior official.


more »MIDDLE EAST REAL ESTATE COMMENT

The rent nightmare
Paying up to a year's rent in advance goes against my principles, and can be financially crippling for tenants.

Anil Bhoyrul  

Consolidation on the cards
In these uncertain times, investors are looking for a sign the real estate sector can adapt to the shifting global economic climate.

Andrew White

more » MIDDLE EAST MARKETS DATA

DFM

Last Price:

2,012.24

-40.91-1.99%

20 Nov 2008 09:59 GMT
(Market Closed)

ADX

Last Price:

2,833.55

-47.20-1.64%

20 Nov 2008 10:00 GMT
(Market Closed)

SSE

Last Price:

4,880.44

-89.52-1.80%

19 Nov 2008 12:30 GMT
(Market Closed)

CURRENCY CONVERTOR

more »OTHER MIDDLE EAST BUSINESS NEWS STORIES

more »MIDDLE EAST BUSINESS EVENTS

UPCOMING EVENTS

  1. IFRS & US GAAP Courses in Dubai
    27 April 2008 | Dubai, United Arab Emirates
  2. Advanced Human Resource Management in the GCC (Distance Learning)
    14 September 2008 | Dubai, United Arab Emirates
  3. Effective Business Process Management (Distance Learning)
    14 September 2008 | Dubai, United Arab Emirates
See all events »

SPOT POLL

Following the temporary closure of Kuwait Stock Exchange, what do you think the future holds for Gulf markets?

Markets have reached a nadir and share values will now begin to recover.
Most sectors will soon recover but the real estate shares will suffer for some time to come.
The global financial crisis has only just arrived and markets are in for worse times ahead.
Many more companies will be forced to buy back shares in a bid to boost their value.
ArabianBusiness.com/Jobs - Middle East Jobs Search
  1. Senior Real Estate Manager
    Industry: Property
    Location: Saudi Arabia
  2. General Manager - Real Estate
    Industry: Property
    Location: Dubai, UAE
Browse all jobs »
EMIRATES ID DOWNLOAD

READER COMMENTS

  1. 85% believe real estate sector woes will get worse 3
    19 Nov ' 08 at 21:03
    The worse factor has already started in the UAE realty, sector only it has not come to surface yet, internally many projects are on...  More »
  2. DM rules out extending 'one family' rule to flats 3
    20 Nov ' 08 at 10:11
    Complete support for the comments given by Nonsense.NO ONE wants to share their living space with others, if they have a choice.There...  More »
  3. Bank stops lending to expat staff of real estate firms 1
    20 Nov ' 08 at 07:30
    Today the Real Estate guys, tomorrow it could be any one of us. In reality no expat worker is really safe, even those in the banking...  More »
Read all user comments >

BUSINESS FEATURES

Developing at a discount

Dubai developers are being forced to explore innovative ways to entice buyers amid the credit squeeze.

Keeping culture

Beit Al Funoon is breaking with the modern trend to entice investors by keeping all things traditional.

Chicago’s skyscraper swagger fades as Trump extends loan

Chicago, the birthplace of the skyscraper, has become inhospitable to high-rise construction.

BUSINESS INTERVIEWS

Berth boom

Michael Horrigan of IGY Middle East and Europe explains why it's plain sailing for marina developments.

Paradise island

Sofia Zigangirova, CEO of Star Dome Realty, on developing Dubai's own Pangkor Laut luxury resort.

Solid foundations

Sherwoods Property managing director Iseeb Rehman on establishing the firm in the region's real estate markets.

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