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Nakheel set to pay creditors $408m next month
31 August, 2010
Ali Lootah chairman of Dubai-based developer Nakheel has said the firm plans to pay Dhs bn m of bills it...
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Al Hamra RAK development to begin handover in September
31 August, 2010
Ras Al Khaimah-based Al Hamra Real Estate Development has announced that Phase of the Royal Breeze freehold residential development has...
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Bahrain firms bid for social housing project
30 August, 2010
Bahrain's housing ministry has received two bids from local companies for the development of a social housing project as the...
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Abu Dhabi to launch new green building code
29 August, 2010
A new mandatory green building code is to be introduced in Abu Dhabi this week aimed at reducing by energy...
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Dubai developers rushing to 40% completion mark
28 August, 2010
Dubai developers are reportedly taking advantage of an upturn in construction activity in order to put investors in difficult financial...
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Sorouh looks for additional $136m in loans
26 August, 2010
Abu Dhabi-based developer Sorouh Real Estate plans to approach banks for an additional Dhs m m in loans before the...
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Nakheel bank debt stands at $10.9bn
26 August, 2010
According to a restructuring document Dubai-based Nakheel has bn of bank debt and will receive key assets from parent company...
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Saudi's Dar Al-Arkan not expecting ratings downgrade
25 August, 2010
Saud al-Gusaiyer managing director of Saudi-based Dar Al-Arkan Real Estate Development Co has said he does not expect any of...
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Sharjah restricts property ownership to UAE and GCC nationals
25 August, 2010
The ruler of Sharjah Dr Shaikh Sultan Bin Mohammad Al Qasimi has issued a decree restricting foreign ownership of land...
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Piling work completed on Louvre Abu Dhabi
24 August, 2010
Abu Dhabi's Tourism Development and Investment Co TDIC has announced piling work on the Louvre Abu Dhabi project is complete...
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