Coldwell Banker

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...

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...

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...

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...

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...

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...

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...

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...

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...

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’...

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...

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...

Analysts bet on diversified portfolio as crisis bottoms out
The global financial market mayhem isn’t out of the woods yet. Although the crisis has bottomed out, the recovery still seems far from being uniform and sustained across different markets, leaving investors jittery over where to invest their...

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...

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...

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...

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...

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...

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...

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...