CityCenter Residential Complex Cancelled

Dubai World alters its Las Vegas plans
Zawya
08 January 2009 Las Vegas-based CityCenter Holdings, a joint venture between MGM Mirage and Dubai World Dubai World subsidiary Infinity World, yesterday said it has cancelled the residential component of its CityCenter complex. ...

Dubai Rents Down as Much as 45%

Dubai rents down 17% in last five months, villas down 45%
Business Intelligence Middle East (press release) - United Arab Emirates

UAE. The flood of rent increases Dubai has seen in the last several years is receding, a survey reported by the Xpress newspaper shows.

A comparison of advertisements in early January 2009 against those published in August 2008 reveals an average of a 17% rental drop in eight districts across the Emirate: ...

Qatari Diar Pressing Ahead Residential Plans in West Bank and Gaza

Qatari Diar Projects Unaffected
Zawya

DOHA: Qatari Diar, the local real estate giant, has said it is pressing ahead with plans to build a massive residential complex in the West Bank and plans are also afoot to launch a similar project in Gaza.

UAE the Third Biggest Investor in Egypt

UAE Investments In Egypt Reach $2.9 Billion
Zawya

The UAE's investments in Egypt were worth $2.9 billion (Dh10.65bn) at the end of 2008 and etisalat owned 39.5 per cent of the total, it was revealed yesterday.

Mahmoud Mohieldin, Egypt's Minister of Investment, said the UAE was the third biggest foreign investor in his country. ...

200+ Job Cuts in Abu Dhabi's JV Companies

Aldar Laing O'Rourke to cut 200 jobs
The National - Abu Dhabi, United Arab Emirates
Aldar Laing O'Rourke, a joint venture between Abu Dhabi's largest property developer and a UK construction company, will lay off more than 200 employees in a move to "realign" the company to the changing economic environment