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Lucy Barnard

Journalist

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Latest Articles

Dubai earthquake code will 'delay projects and raise costs'

May 17, 2013

The code is effective immediately for buildings under construction and comes on the back of tremors that were felt across the UAE last month due to two major earthquakes in Iran. Read article "Dubai earthquake code will 'delay projects and raise costs'"

Earnings in decline for Dubai developer Union Properties

May 16, 2013

The developer behind Motor City has suffered a decline amid continued sales of its assets with a 2.2 per cent drop in net profits.Read article "Earnings in decline for Dubai developer Union Properties"

More from this author

On Topic

Abu Dhabi

Western Region seeks to diversify

May 19, 2013

The UAE's civil nuclear programme will be among the key drivers of economic diversification in Al Gharbia, according to the Western Region Development Council. Read article

Dubai

Changing the face of Dubai: 10 major construction projects

May 17, 2013

Ten major construction projects under way in Dubai were inspected by the director general of the civic body this week. Read article

Latest Comments

Competition in Abu Dhabi among towers of power heats up

Apr 15 , 2013 | 07:17AM GST

FreeWater

Flipping is the fuel of bubbles & crashes... isn't it time it became illegal ?!? In many countries, you have to hold the property until the keys are handed over & its fully paid up... only then can you re-sell it.

5,000 new flats to push rents down on Abu Dhabi's Reem Island

Apr 15 , 2013 | 11:41AM GST

redsnappa

The problem with Abudhabi housing is that most jobs are in the government sector. A govt employee (national or expat) cannot use his allowance to buy a property and then use his housing allowance to rent it from himself. It can only be done by a private sector employee who gets his housing allowance in cash . Until this rule changes, dont expect to see many properties sold . Another issue is that , cooling and maintenance fees for apartments run around 15-40 dirhams per square feet, while it is 3-10 dirhams for villas. Hence you see more families purchasing villas with pools and not apartments. Good luck- Sorouh

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