Depressed UAE Property Markets a Good Idea for Investments

UAE- Financial Crisis an Opportune Moment to Buy Property
Middle East North Africa Financial Network - Amman, Jordan
Taking advantage of the depressed UAE property markets at this time of recession might prove to be a good idea, as it will be compounded by lower global interest rates, to counter the crisis, say industry experts. ...

Dubai Needs Office Space

Dubai Faces Shortage of Office Space
Khaleej Times - Dubai, United Arab Emirates
ABU DHABI — Dubai is facing severe shortage for office spaces as completion delays particularly in Business Bay, which was scheduled to deliver 1.9 million square metres of office space by the fourth quarter of 2010, versus an actual completion estimate of 435,000 square metres over the same period. ...

Catastrophic Plans to Cut 181,671 Jobs

Job cuts mount as year-end nears
CNN - USA
NEW YORK (CNNMoney.com) -- The nation's job market, in the final month of a brutal 2008, was dealt a savage blow Thursday when five major companies - AT&T Inc., DuPont Co., Viacom Inc., Credit Suisse Group and Avis Budget Group - announced job cuts that total 22,850. ...

Theme Park Operator Six Flags Inc. Expands to Doha - Qatar

Six Flags expands to Qatar with new partnership
CNNMoney.com - USA
NEW YORK (Associated Press) - Theme park operator Six Flags Inc. said Thursday it is expanding further into the Middle East after reaching a deal with Qatar-based diversified company Oryx Holdings to open a Six Flags theme park in the tiny Gulf nation by midyear 2012. ...

Dubai New Real Estate Law Reinstating Investor Confidence

Dubai law changes 'will benefit investors'
Overseas Property and Investment News - London, UK
Recent changes to Dubai property real estate laws are "perfect" for reinstating investor confidence in the emirate, it has been claimed.

According to the Middle Eastern Real Estate Consultants (Merec) the new laws will help allay any fears investors have when considering buying property in Dubai. ...

Scottish to Take Advantage of Business Opportunities in Dubai Despite Credit Crisis

Scottish businesses expand their horizons to Dubai
Scottish Enterprise - Scotland, UK

Over 15 Scottish companies were given first hand insight into how to take advantage of business opportunities in the Middle East last week when they met with members of Scottish Enterprise's influential GlobalScot network in Dubai. ...

Dubai's Job Cuts Include UK Consultants

UK consultants shed staff from Dubai offices
Building.co.uk - UK

The extent of the downturn in Dubai's construction market became clear this week as it emerged some of the biggest UK consultants in the emirate are shedding staff. ...

Global Financial Crisis started to Pinch Bahrain's Real Estate Properties

Bahrain's real estate feels pinch as buyers shun new properties
GulfNews - Dubai,United Arab Emirates
Manama:  Bahrain's real estate market is starting to feel the effects of the global financial crisis, but its modest growth rate should prevent it from seeing a sharp decline, local property experts say. ...

Emaar's Cash Limits Catastrophic Lose

Cash pile supports troubled developer
Zawya - United Arab Emirates

Before the Gulf's great stock market boom collapsed in 2005, Emaar Properties briefly became the world's largest property developer by market capitalisation.

But the company's share price has collapsed by 84 per cent since the beginning of 2008. ...

World’s Third-biggest Atomic Generator May Help UAE on Atomic Power

UAE Seeks Japan's Help to Develop Nuclear Power Plants
Bloomberg - USA
The United Arab Emirates will hold talks with the Japanese government and reactor makers such as Hitachi Inc. and Toshiba Corp. this month as it seeks Japan's help to develop nuclear power plants. ...

Mubadala Development Company Acquired 24.9 Percent of Chicago-based Real Estate Company

The John Buck Company Announces Strategic Investment by Mubadala Development Company
PR Web (press release) - Ferndale, WA, USA
The John Buck Company (JBC) announced today that Mubadala Development Company PJSC (Mubadala), a leading business development and investment company headquartered in Abu Dhabi, United Arab Emirates, has acquired, through one of its affiliates, a 24.9 percent interest in the privately held, Chicago-based real estate company. ...

Abu Dhabi's Surpluses Reserves can Buy all UAE's Current and Planned Property Developments

Abu Dhabi 'able to finance' all current real estate projects
AME Info - United Arab Emirates
Unlike global cities suffering from current economic uncertainties, Abu Dhabi's current account surpluses, and sovereign wealth reserves, are more than enough to wholly fund, and therefore buy, all of the UAE capital's current and planned property developments. ...

Dubai Dreamz and AMG Worldwide Partners in Dubai

Dubai Dreamz partners with AMG Worldwide in Dubai
AME Info
Dubai Dreamz, Dubai's leading property investment and Development Company, has recently formed a strategic partnership with AMG Worldwide, the premiere media and marketing agency for real estate developers, hoteliers and luxury brands around the world. ...

Saudi Arabia Real Estate Attracts Dubai's Real Estate Investors

Dubai property bust casts spotlight on Saudi Arabia
Khaleej Times

LONDON - Robust economic growth prospects and escalating real estate demand have put Saudi Arabia in pole position to replace overbuilt Dubai as the Gulf's new magnet for international property investors. ...