REAL ESTATE

Union Properties nets loans for stalled MotorCity hotel projects

Dubai-based developer sees full-year net loss swell to $430m on provisions (read more here…) Related items Dubai's Union Properties posts USD435m net loss in 2011 Dubai’s Deyaar eyes 1,000 home handovers in 2012 Union Properties extends gains; Abu Dhabi ticks up UAE stocks slip in early trade; markets near flat Dubai beach property row...

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Dubai villa owners risk pricing homes out of market

Brokers report high prices deterring potential buyers with fewer enquiries turning into sales (read more here…) Related items Dubai at risk of two-tier real estate market Rent-to-buy schemes may boost UAE property market Dubai realty inching towards recovery: report Business : Dubai realty to see lower supply: JLL Dubai residential market shows signs of...

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Business : Union Properties posts Dh1.57b loss

DUBAI — Union Properties w said on Thursday that its full-year net loss for 2011 widened as property values continued to drop in the emirate. (read more here…) Related items Business : Dubai-France relationship seen booming: Bhutti Dubai beats Asian rivals in global property rankings Dubai’s Union Properties Falls Most in 6 Months as...

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Dubai's Union Properties posts USD435m net loss in 2011

(MENAFN) Union Properties, the Dubai developer, said that due to dropping property prices in the emirate, in 2011, the company made a net loss of USD435 million, reported Gulf News. In the … (read more here…) Related items UAE’s Union Properties Q3 net loss up to USD288.6m UAE’s Union Properties H1 loss up to...

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Emirates Adds Fifth U.S. Gateway with New Service to Dallas/Fort Worth

DALLAS, Feb. 2, 2012 /PRNewswire/ — DFW AIRPORT – Emirates, one of the fastest growing airlines in the world, launched its new service from Dallas/Fort Worth to Dubai today. It is the fifth gateway for … (read more here…) Related items Dubai Group Said to Propose Paying Debt Over 5 to 10 Years Luxury and...

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Business : Rics sees stability in UAE commercial property sector

DUBAI — Demand for commercial property in the UAE has stabilised with rental outlook showing an upward trend, findings of a survey reveal. (read more here…) Related items UPDATE 2-Dubai eyes property revamp with $1 bln joint fund Dubai commercial property market seeing increased activity Dubai property sector boosted by Arab Spring: report Business...

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World’s Highest Restaurant Has $1.5B View

At.mosphere restaurant on the 122nd floor of Burj Khalifa, Dubai’s final extravagance before the financial crisis, offers a vista of the boom years. (read more here…) Related items World’s Highest Restaurant Has $1.5 Billion View With Caviar: Dubai Dining Luxury and Stunning Views in a 'Distressed' Dubai Tower Fly in style, stay in style...

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CBI charge sheets two IAS officers, 10 others in Emaar scam

Hyderabad, Feb 1 (IANS) Two top bureaucrats of Andhra Pradesh and executives of Dubai-based Emaar Properties PJSC and its Indian associates are among 12 accused against whom the Central Bureau of Investigation (CBI) Wednesday filed a charge sheet in the Emaar-APIIC township scam. (read more here…) Related items CBI arrests Emaar Township executive Emaar...

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Emaar case: CBI files chargesheet

The Central Bureau of Investigation on Wednesday added serving IAS officer Mr L.V. Subrahmanyam and former IAS officer and present Chief Executive Officer of NCC Infra, Mr K.V. Rao, in the list of 12 accused in the Emaar properties case. (read more here…) Related items CBI arrests Emaar Township executive CBI charge sheets two...

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Andhra Principal Secy held over Emaar land scam

CBI arrests IAS officer B P Acharya over alleged irregularities in a luxury township. (read more here…) Related items In Defense Of Land Reclamation: It Ain't All Palm Islands! In Defense Of Land Reclamation: It Ain’t All Palm Islands! Dubai real estate transactions up 20% in 2011 Dubai launches new real estate charter Dubai...

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