‘Real Estate’ Archives
Low volumes hang over stocks
Individual stocks may experience sharp swings again this week as a result of low volumes, analysts say. Dana Gas shares fell 6 per cent on Tuesday, while Sorouh Real Estate fell 4.4 per cent on Thursday. “There’s nothing we can point to where a significant stock can fall to that magnitude. If someone has a couple million to sell on the [...]
Realtors call for shorter Rera courses
Real estate training programmes by the Real Estate Regulatory Agency (Rera) need to be more comprehensive in light of these courses being expensive, said real estate broker firms. Brokers who spoke to
Mashreq pins faith on Dubai World solution
A positive outcome of the Dubai World debt restructuring process will give the economy a boost and lower card loan defaults, said a senior official at Mashreq bank, the largest issuer of credit cards in the UAE. "Hopefully, they will resolve the Dubai World proposal. If that doesn't derail the economy, then 2010 will definitely be better," [...]
Qatar out shopping for London landmarks
Middle Eastern visitors are often seen browsing London's high-end boutiques when in the UK, but the Qataris literally bought the shop when they came to town. That shop happened to be Harrods and a bigger buy than most at £1.5bn, but it was this scale and prestige that helped make it top of the shopping list for the Qatari sovereign wealth [...]
Dubai World: An IED at ISS?
Dubai World did not need this. Potential buyers have pulled or reduced their bids for one of the debt-laden Gulf group’s prize assets, Inchcape Shipping Services, after they discovered what they think is an investigation into its contracts with the US Navy. Istithmar, the government-owned conglomerate’s investment arm, has dropped the [...]
Good news for Dubai property market as prices rise and number of new units to be released drop
A new global property price index suggests that the real estate market in Dubai is recovering with average prices rising 1.6% in the first quarter of the year. The latest Knight Frank Global House Price Index shows that the emirate's real estate sector, which has seen prices tumble more than 50% during the global economic downturn, seems to [...]
Dubai World Loans May Have Lost 56% in Value, JPMorgan Says
June 15 (Bloomberg) -- Dubai World’s creditor banks may have lost as much as 56 percent of the value of the loans they made to the state-owned holding company after it altered the terms on $14.4 billion of debt, and lenders may have to aside 10 percent of these loans to cover losses, analysts said. Dubai World’s loans have a fair value [...]
Dubai Financial Market closes slightly higher
DUBAI, Jun. 17, 2010 (Xinhua News Agency) -- The Dubai Financial Market (DFM), the sheikdom's local bourse, successfully reversed a weak start Thursday, closing 0.83 percent higher at 1,500.25 points thanks to a last-minute buying wave. The DFM share itself ended flat at 1.49 dirham (0.40 U.S. dollar) on a high turnover. Real estate shares [...]
It’s rise and shine for Dubai Pearl
Dubai: Given its chequered history, the Dubai Pearl master development has learnt to take the cycles that are a feature of the real estate space in its stride. "We're not expecting the end-user market to bounce back immediately, but around 2012," said Santhosh Joseph, president and CEO of Dubai Pearl. "A real estate cycle takes up to three [...]
Banks lose over half of Dubai World loan value – JP Morgan
DUBAI: Dubai World’s creditor banks may have lost 54 percent to 56 percent of the value of their loans to the troubled state-owned conglomerate, based on the repayment terms offered in Dubai World’s restructuring proposal. In a research note to clients, J.P. Morgan analyst Zafar Nazim said the steep discount from face value was due to the [...]
