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  •  UAE top choice for GCC investors as 80% investments come from region
    The UAE has emerged as the best destination for investors from its partners in the GCC, attracting more than 22,000 investors from those countries until the beginning of 2009, according to official data. The number accounts for nearly 80 per cent of...

  •  DFM gains 1.46%
    The Dubai Financial Market gained 1.46% today to 1,648, with 14 stocks rising and nine falling. Market heavyweight Emaar climbed 2.84% to Dhs3.21, while Emirtes NBD had the day’s biggest gain, rising 4.62% to Dhs2.49. By: AME info

  •  Business confidence ‘higher in UAE’
    Confidence in the UAE’s economic outlook for 2010 is around 30-40 per cent higher than other major international business centres such as London and New York, revealed a recent survey. The survey carried out by law firm Eversheds showed that this...

  •  Burj Khalifa — building on the anticipation of occupants
    The spectacular opening ceremony that marked the Burj Khalifa’s appointment with history is now receding into memory, but the sense of anticipation has only started to build up for the home and office owners in the skyscraper. It will take a...

  •  Dubai residential property prices rise slightly
    The ‘Sales Price Index for Dubai’ (SPID) for residential properties has risen by 0.7 per cent in the fourth quarter of 2009 as against Q3 2009, according to a report. The figures, released by REIDIN.com, a leading global online information services...

  •  Middle East markets on the up
    Dubai : Most Middle East markets rose yesterday as improved global sentiment spurred some investors to take advantage of lower prices and open new positions. Trading was again lacklustre, however, and analysts said volumes would have to increase...

  •  Damac to hand over units in 2010
    Damac Properties has announced that 2010 will be the year of handovers – with more than six projects due to be completed in Dubai during the next 12 months. Among those to be handed over are two phases of the company’s Emirates Gardens development...

  •  Gulf growth prospects improve on global economic recovery
    Most Gulf states will enjoy higher growth rates this year than previously expected, helped by global recovery, a Reuters poll showed. Qatar will remain the region’s leader with a 16.1 per cent jump in gross domestic product this year thanks to...

  •  Tamweel-Amlak deal making headway
    Dubai: The planned merger between Dubai Islamic mortgage companies Tamweel and Amlak is still possible in the first quarter as progress is being made, Tamweel’s chairman said. “From our side we see some progress,” Shaikh Khalid...

  •  Dubai realty market ‘becoming more attractive’
    The office, residential and retail sectors in Dubai real estate market are all becoming more favourable for tenants thanks to a significant demand-supply mismatch along with falling rentals and increased vacancies, according to a new study. This...

  •  UAE Government is among most trusted entities, says survey
    Edelman’s global survey released annually at the World Economic Forum (WEF) in Davos, Switzerland, has revealed UAE opinion-formers have relatively high levels of trust across most institutions, including government, business and media. Trust in...

  •  Dubai realty sector in favour of tenants
    Dubai: Tenants stand to benefit from an increasingly competitive Dubai real estate market, a report released yesterday by industry researcher Jones Lang LaSalle said. Office, residential and retail sectors will see increased vacancies as prices...

  •  Dubai real estate market to see ’selective stability’
    “Selective stability” will be witnessed across the office and residential sectors of Dubai’s real estate market in 2010 with the market moving to become more tenant-friendly, according to Jones Lang LaSalle Mena. “The tenant...

  •  Dubai property market faces challenges
    The Dubai ‘debt crisis’ ended as suddenly as it began in December with an 11th hour rescue from Abu Dhabi. This came as a $10 billion support fund for Dubai, enabling Nakheel to meet its sukuk repayments. But where does that leave Dubai...

  •  Nakheel pays coupon
    Property developer Nakheel has made a $10.3m (Dh37.83m) coupon payment on its $750m bond due 2011, said a spokeswoman. Nakheel has two bonds outstanding – a Dh3.6 billion ($980m) issue maturing on May 13 and the $750m deal due in January 2011....

  •  Paid parking plan to be expedited in Abu Dhabi
    The Department of Transport (DoT) announced yesterday Mawaqif’s 2010 roll out plan for the implementation of paid parking in Abu Dhabi during a press conference. Mawaqif was introduced to the public in October 2009 with the aim of providing a...

  •  Dh4.39 billion budget for Dubai Municipality approved
    Hussain Nasser Lootah, Director-General of Dubai Municipality revealed that the Municipality has approved Dh4.393 billion budget for the current year. “As per the approved financial studies on the various services provided by Dubai...

  •  $4.9bn of bond plan still available
    Dubai Government’s proposed $20 billion (Dh73.4bn) bond programme, which was announced earlier last year, is “technically complete” now, although almost 25 per cent of the funding is “yet to be drawn”, a government...

  •  Dubai property sales and rental rates stabilise
    After a few dismal quarters, real estate sale and rental prices in Dubai are stabilising, two new reports highlighted yesterday, pointing to an equilibrium being reached in the emirate’s property market. HC Securities’ latest review of...

  •  Dubai Financial Center to Cut Fees in Bid to Attract More Funds
    Dubai International Financial Centre, a tax-free business park, plans a “substantial” cut in fees on asset managers this year to attract more funds and become internationally competitive. “We want a substantial share of the mutual funds industry,”...

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