Coldwell Banker

10 March, 2010
Price is right for Dubai dream
Aimee Queenborough Smith always wanted to live on the Palm Jumeirah’s Golden Mile but never thought she could afford it. The mother of two and her entrepreneur husband looked at the rental prices when they were in a three-bedroom apartment in...

10 March, 2010
Economic growth in UAE forecast to double
Economic growth in the UAE will more than double this year to 3.2 per cent as oil prices strengthen and business activity picks up, the Minister of Economy says. Sultan al Mansouri’s GDP growth prediction was above a forecast from the IMF. “I’m very...

09 March, 2010
Time right for new realty projects in Mena: Hines
Hines, the international real estate company, believes the “time is right” to launch “new property projects” in the Middle East and North Africa (Mena) region, but these need to “match and meet” the requirements...

09 March, 2010
Dubai World in talks on settlement proposals
Aidan Birkett, the chief restructuring officer of Dubai World, met the conglomerate’s bankers in London yesterday to outline proposals for settlement of its US$22 billion (Dh80.80bn) of debt to those lenders. Mr Birkett held talks with HSBC, one of...

08 March, 2010
Sales show improvement in key realty projects
Downtown Dubai, Emirates Living, Dubai Marina and Dubailand top the listing chart for sales and leasing queries, according to agents. “Downtown Dubai has the highest number of listings by most realty agents in Dubai. The second popular area is...

08 March, 2010
Dubai World speculation sparks investor interest
Regional markets surged higher yesterday as investor sentiment lightened from its dour mood of recent weeks. The Dubai Financial Market General Index closed 2.3 per cent higher at 1,621.73, while Nasdaq Dubai closed 1.17 per cent higher at...

07 March, 2010
Occupancy level 70% in Downtown Dubai
Lower rentals have pushed occupancy levels to almost 70 per cent in Downtown Dubai, realtors said. Deborah Staines, Residential Sales Consultant, Head Office, Better Homes, told Emirates Business: “We estimate that around 70 per cent of the...

07 March, 2010
Builders in region on a solid foundation
With US$331 billion (Dh1.21 trillion) of construction projects on hold in Dubai and an uncertain future for half of the 90,000 homes once planned in Abu Dhabi, investor scepticism towards regional construction companies may be understandable. But...

04 March, 2010
Specialist funds keen on UAE realty market
Interest from specialist funds edged up for real estate in the UAE in the fourth quarter 2009, according to a report. “In the UAE, interest from specialist funds continues to edge up although at a modest pace and generally in line with the...

04 March, 2010
Handover of Marina Residences tower begins
Nakheel has commenced handover of the sixth and final tower of Marina Residences in Palm Jumeirah with residents likely to move in within the next few weeks. The master developer, in a press statement, said the phased handover of homes at Marina...

04 March, 2010
UAE leadership ‘united in vision’
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President, Prime Minister of the UAE and Ruler of Dubai has unveiled the second part of the Federal Government Strategy 2011-2013. The details were revealed during a workshop organised by the...

01 March, 2010
Strong dividends despite profit dip
UAE firms continue to give generous dividends to shareholders despite a general fall in profits recorded by most for the financial year ending December 31, 2009. The largest payout will be made by etisalat, which has recommended a 60 per cent...

01 March, 2010
Occupancy levels close to 75% on The Palm
Occupancy levels are running at between 60 and 75 per cent across The Palm Jumeirah’s villas and apartments, according to realtors. “Occupancy for villas is about 60 per cent while for the Shoreline Apartments, it is currently about 75...

28 February, 2010
2010 strategy in line with UAE Charter
Abu Dhabi: In line with the directions of Sultan Bin Saeed Al Mansouri, Minister of Economy, a meeting of executive directors, heads of departments and consultants at the ministry was held by Mohammad Ahmad Bin Abdul Aziz Al Shehi, director-general...

24 February, 2010
TDIC awards contract for Louvre
The German construction company Bauer International has won the piling works contract for the US$1 billion (Dh3.67bn) Louvre Abu Dhabi museum on Saadiyat Island. It is the second contract to be awarded on the project, which is being developed by the...

24 February, 2010
Burj Khalifa home handover from March
Emaar Properties said it will start handing residents keys to their new homes in Burj Khalifa, the world’s tallest building, in March. “The Residences, comprising 900 apartments, and The Corporate Suites, a collection of high-end...

23 February, 2010
Dubai property prices near bottom and set to recover
Dubai: Dubai’s real estate prices have nearly bottomed out and should start to recover, but probably not until at least next year, the head of one of the emirate’s most prominent property developers said on MOnday. Prices in the UAE...

23 February, 2010
Gulf recovery expected to pick up this year as spending stays high
Abu Dhabi: Economic recovery in the Gulf may be lagging behind other developing economies, but should gain momentum this year with the continuation of high levels of government spending, oil prices above $50 (Dh183), and improvement in banks’...

22 February, 2010
UAE markets show early signs of stabilisation
The earnings season has turned out to be a new lifeline for UAE bourses, which were otherwise listless for want of clear direction. The UAE bourses – Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) – have been showing signs of...

21 February, 2010
UAE quality of life is best in Mena: EIU index
The UAE has been ranked the number one country with the best quality of life in the Middle East and North Africa region by the Economist Intelligence Unit (EIU) 2009 Quality of Life Index. Globally, the Quality of Life Index ranked the UAE 15th in...