The National Newspaper http://www.thenational.ae RSS Zaya eyes Dubai tower redesign http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100208/BUSINESS/702089888/1051/rss The high-end property developer is eyeing a distressed project in Dubai to buy and redesign into a luxury residential tower. Mon, 08 Feb 2010 21:29:00 +0400 Deyaar postpones plans for fund to acquire distressed properties http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100208/BUSINESS/702089892/1051/rss Deyaar Development had hoped to raise Dh500 million for the fund, but international investors withdrew their support. Mon, 08 Feb 2010 21:10:00 +0400 Cash-rich investors lead a recovery in established markets http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100208/BUSINESS/702089950/1051/rss Signs of recovery have started to emerge in some of the world’s more established housing markets, property analysts say. Mon, 08 Feb 2010 19:45:00 +0400 Opportunities to build upon in every corner of the world http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100208/BUSINESS/702089952/1051/rss International investors seeking steady returns over the long term would do well to take a hard look at construction across the greater Middle East, where countries that once were bypassed without a second thought are now emerging as attractive options. Mon, 08 Feb 2010 19:15:00 +0400 Personal status law and inheritance rules http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100208/BUSINESS/702089956/1051/rss Because the Emirates attracts residents from different parts of the world, it is important that they understand the legal implications of life’s possibilities. Mon, 08 Feb 2010 19:11:00 +0400 Aldar invites project partners http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100207/BUSINESS/702079870/1051/rss The Abu Dhabi developer will link with outside companies on its completed projects to raise cash and outsource some operations functions. Sun, 07 Feb 2010 23:51:00 +0400 Housing values head south in Northern Emirates http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100207/BUSINESS/702079860/1051/rss Property prices in Ajman and Ras al Khaimah suffer from low demand and increasing oversupply, says property service company. Sun, 07 Feb 2010 22:52:00 +0400 ‘Stalemate’ holds back property sector http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100206/BUSINESS/702069913/1051/rss A fifth of property projects are stalled or cancelled in Dubai, with almost all of the other 1110 developments delayed by the financial crisis. Sat, 06 Feb 2010 21:36:00 +0400 National Bonds flagship a year late http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100206/BUSINESS/702069923/1051/rss The flagship property project of National Bonds will be delivered a year late while a second Creekside development has been put on hold and will not generate any returns. Sat, 06 Feb 2010 21:09:00 +0400 Postcards from a property slump http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100206/BUSINESS/702069929/1051/rss What was once a dramatically changing skyline has ground to a halt as many developments are on hold awaiting financial recovery. Sat, 06 Feb 2010 20:59:00 +0400 DSI lands contract for Abu Dhabi hotel http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100203/BUSINESS/702039898/1051/rss The Dubai-based engineering contractor has won a Dh187 million contract for work on a hotel in Abu Dhabi. Wed, 03 Feb 2010 22:06:00 +0400 Aldar to drive car sales off island http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100202/BUSINESS/702029874/1051/rss Developer looks to consolidate Abu Dhabi's scattered car industry off the island into a one-stop shop and free up city parking spaces. Tue, 02 Feb 2010 22:13:00 +0400 Multiple owners a drag on office block values http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100202/BUSINESS/702029890/1051/rss Dubai office blocks with multiple owners could be worth 40 per cent less than similar buildings with single ownership in the emirate and Abu Dhabi. Tue, 02 Feb 2010 20:48:00 +0400 Wang’s lover loses bid for billions http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100202/BUSINESS/702029948/1051/rss Feng Shui master displaced as heir after a will leaving him the $4bn estate of late Hong Kong tycoon Nina Wang is ruled a forgery. Tue, 02 Feb 2010 19:18:00 +0400 Union hopes for Dh1.5bn on sale of Ritz-Carlton http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100201/BUSINESS/702019902/1051/rss Union Properties, which lost about 90 per cent of its value in the past 18 months, has put a Dh1.5bn price tag on its unopened Ritz-Carlton hotel at the DIFC. Mon, 01 Feb 2010 22:20:00 +0400 Aabar stock rises as earnings jump http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100201/BUSINESS/702019926/1051/rss The biggest shareholder of Daimler, sees its profits more than double after it built up stakes in industries as diverse as space travel and Formula One car racing. Mon, 01 Feb 2010 21:49:00 +0400 Luxury roars back into India http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100201/BUSINESS/702019956/1051/rss The wealthy are again buying expensive flats across the country after a lull during the global economic uncertainty, and developers are back to building the flashy towers that are in hot demand. Mon, 01 Feb 2010 20:13:00 +0400 Tamweel trims home loan rate http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100131/BUSINESS/701319903/1051/rss Tamweel lowers its mortgage base rate by 50 basis points to 7.9 per cent as lenders move to ease the financial burden on their customers and stave off more defaults. Sun, 31 Jan 2010 22:41:00 +0400 Rents force rethink at DIFC as firms move http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100130/BUSINESS/701309912/1051/rss Costs at business centre hold steady while companies struggle through downturn, prompting both vacancies and new tenants. Sat, 30 Jan 2010 21:18:00 +0400 Sorouh is unfazed by drop in profits http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100128/BUSINESS/701289890/1051/rss Abu Dhabi’s second-largest developer sees fourth-quarter profit fall by almost 40 per cent as it increased provisions and recognised losses from three associated companies. Thu, 28 Jan 2010 22:24:00 +0400