Dubai’s new strata law will inject liquidity into the emirate’s economy and open the door to property vultures, a UAE banking sector report has concluded.
Dubai’s business model is not broken due to Abu Dhabi’s presence in the emirate, Rasmala has concluded in its latest research publication.
Construction company Laing O’Rourke has dismissed speculation suggesting its Middle East operation will close.
Nakheel has started repaying creditors owed AED500,000 or less, the company confirmed on Monday.
An Emirati property tycoon who embezzled nearly AED1bn from 3,700 investors blew the money on boats, luxury cars and parties.
Foreigners will be allowed to own property for the first time in Saudi Arabia once King Abdullah Economic City is built.
Property developers could lose millions in maintenance fees if strata law gives owners power to appoint management companies.
Owners’ rights for mixed-use premises appear to be largely absent from Dubai’s Strata Law guidelines, according to a legal expert.
An influx of 10,000 new residents to Dubai each month is helping prop up the emirate’s property market, an industry figure has said.
Dubai will never be home to a “normal” property industry, according to Karim Nassif from Habib Al Mulla & Company.
Increased property oversupply the key driver behind Gulf real estate industry’s negative outlook, says Moody’s.
A refusal to sell accommodation at distress prices is delaying Dubai’s property market recovery, real estate expert claims.
Property developer Christian Candy accuses the Prince of Wales of convincing Qatari Emir to pull plug on illustrious UK housing project.
Commerce-magazine.com readers expect property prices to continue dropping, despite industry reports that suggest otherwise.
Graham Yeates, head of strata management for property consultant Cluttons, tells .Commerce how Dubai’s new Strata Laws will improve the emirate’s real estate industry.
