Coldwell Banker

24 March, 2010
Lower prices help Dubai exchange recoup its losses
The main Dubai bourse ended higher yesterday for a ninth session out of the past 11, as investors took advantage of lower prices to build new positions following Wednesday’s fall. The Dubai Financial Market General Index rose 0.5 per cent to 1,726....

23 March, 2010
Cash buyers account for 85% of Feb transactions
Almost 85 per cent of total transactions in February have been undertaken by cash buyers, who are picking up smaller, more affordable units in Dubai, according to a report. Sales prices rose by nine per cent in International City, 11 per cent in The...

23 March, 2010
Positive outlook gives UAE bond market a lift
There is renewed confidence in the UAE’s bond market. The news of Dubai World’s US$26 billion debt restructuring in November not only depressed investors in the region but also its bond prices. Rumours that lenders were being asked to take haircuts...

22 March, 2010
New luxury residences handed over in Dubai
The latest lavish homes on Dubai’s Palm Jumeirah are being handed over to residents following the completion of the Kempinski Hotel Residences, adding to a surplus of high-end apartments in the emirate. Emerald Palace, a leading Dubai-based...

22 March, 2010
DIFC office rents top 2 in EMEA region
The prime office rents at Dubai International Finance Centre were the second highest in Europe, Middle East and Africa (EMEA) region during the last quarter at $1128/sq m / annum, according to CB Richard Ellis (CBRE). The CBRE office market research...

21 March, 2010
Dubai’s rental hotspots
* Arjaan Hotel and Offices Where Dubai Media City Good for Business travellers and media types Overview One commercial and one residential/hotel tower. The latter is managed by Rotana and consists of 167 serviced apartments and two six-bedroom...

21 March, 2010
‘Dubai market to recover by next year end’
Dubai’s property market will recover by the end of 2011 as mortgages become easier to obtain and more people move to the city, according to the developer of a $4 billion (Dh14.6bn) hotel and residential project. “Banks can’t stay...

21 March, 2010
Industrial and commercial properties in Dubai to be freehold
UAE nationals will now be able to own industrial and commercial properties, granted by Dubai’s government, with full freehold legal status and get title deeds registered through the Dubai Land Department. His Highness Shaikh Mohammad Bin...

15 March, 2010
Omniyat Properties set to deliver all projects by 2012
Omniyat Properties, a Dubai-based developer, is committed to delivering its entire project portfolio by 2012, according to company’s executive chairman. “We have already delivered three projects out of the eight that we had launched in...

15 March, 2010
Burj Khalifa officially claims ‘the world’s tallest’ title
Burj Khalifa has been declared “the world’s tallest building” at a height of 828.00 metres (2716.54 feet) by the Chicago-based The Council on Tall Buildings and Urban Habitat (CTBUH). “CTBUH has received and examined detailed drawings of the Burj...

14 March, 2010
UAE realty market ‘to see balance’
The real estate market in the UAE is poised for demand-supply balance this year, said a top official of Shaikhani Group, a leading business conglomerate with interests in real estate development, trading, manufacturing and IT. With the UAE’s economy...

14 March, 2010
UAE stocks may gain in spite of profit booking
The Dubai Financial Market (DFM) index added 6.25 per cent last week and advanced four sessions in five taking the index to 1683.89 points. The average daily trade value increased to around Dh487 million during the week. Leading active stocks...

14 March, 2010
Minister predicts economic growth
The Minister of Economy today predicted 3.2 per cent growth in GDP in the UAE this year, several percentage points above forecasts from the IMF and the World Bank. Speaking at the Global Dubai Tea Forum, Sultan al Mansouri said the economy had grown...

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...