Coldwell Banker

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...

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...

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...

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

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...

UAE and Saudi Arabia lead GCC in healthy bank deposits
The UAE and Saudi Arabia maintain the lead by posting healthy levels of deposits in the region despite the drop in deposits across the banking sector in the GCC, according to a new report by Kamco Research. Saudi Arabia’s banks, even after the...

Developer letting out ready units on short-term to medium-term
Developers in Dubai are considering letting out units in their new projects on a furnished basis to generate immediate revenue, said real estate analysts. “Some developers will want to convert their newer developments into furnished apartments...

Handing over of O14 is set to start
Dubai : Developed by HH, the O14 building will be one of the first in Business Bay to be occupied with Habib Al Mulla and Company law firm and Dr Obaid Busit Legal due to move in this month. 014 was launched in 2006 with main investors District...

We must focus on opportunities ahead
In the past 18 months, the global financial market place has changed beyond recognition, but now more than ever we must strengthen our relationships and look to the future. Yes, mistakes have been made and these must be rectified. Once this has...

Dubai poised for sustainable growth
Dubai is now poised to achieve sustainable economic growth as fundamentals of real economic indicators have improved, a top official told Emirates Business. Ahmed Humaid Al Tayer, Governor of DIFC, said there is now value in assets as correction in...

Commercial activity on track in Dubai
Dubai : Commercial and trading activity maintained its momentum in 2009, highlighting investors’ trust in the opportunities available in the emirate and the UAE, the Dubai Department of Economic Development (DED) said in a statement...

Medium-term strategy for UAE is good, says IMF
Dubai: The International Monetary Fund (IMF) said that the medium-term strategy for the UAE economy “remains good”, even though it predicted flat growth of 0 to 1 per cent this year. During a press conference yesterday, Masoud Ahmad,...

Coldwell Banker UAE to exclusively lease Abyaar Business Centre
Abyaar Real Estate signed an exclusive agreement with Coldwell Banker UAE today for the leasing of Abyaar Business Centre. Located within the high-tech zone of Dubai Investment Park, Abyaar Business Centre offers a state-of-the-art working...

Meydan’s flagship development signals a confident race ahead
Then take a break from the excitement as the highlight of the season is at the end of March when Meydan hosts the world’s richest horse race — the Dubai World Cup. But long before the horses took over the limelight there were enough thrills...

Abu Dhabi’s corporate office market gets a makeover
In hindsight, the global financial turmoil and the consequent apathy among corporate tenants to go for upgrades may be the best thing to happen to Abu Dhabi’s office space. It works like this: by staying put in their existing locations...

Economy can deal with challenges: Al Mansouri
Dubai: Sultan Bin Saeed Al Mansouri, Minister of Economy, said the UAE economy is strong and offers strong investment opportunities across varied sectors including aviation. He also commended the ability of the Dubai economy to deal with global...

UAE real estate ‘to become more tenant-friendly
The UAE real estate market is becoming increasingly tenant friendly as it faces greater competition by increasing supply, lower demand, falling rents and higher vacancies, said a new report. This is a beneficial situation for tenants as landlords...

Dubai real estate market steers toward maturity
The property market is steering towards maturity and more regulations in the course of 2010, Jones Lang LaSalle (JLL), global real estate brokerage said Monday. A press conference held by JLL outlined the predicted trends that are set to define the...

Dubai, Abu Dhabi for realty synergy
Abu Dhabi: The borders between Abu Dhabi and Dubai are getting thinner physically and this synergy is being reflected in the business sector and development projects, speakers participating in a panel discussion in Abu Dhabi observed...

2010 to be a better year for hedge funds
Hedge funds recorded the best performance in six years in 2009 and are likely to perform better this year, especially in the Mena region, as the hedge fund managers will show an increased risk appetite amid improvement in economic scenario, said...