Real Estate News
Off plan sales cool off in Dubai
Real estate agents and analysts in Dubai say demand remains strong for completed property in the emirate, but interest in off plan property appears to be drying up, AP has reported. Some investors who had hoped to see double-digit or better annual returns are now looking simply to cut their losses on unfinished properties. At the same time, banks are tightening the rules on who can get a loan, and for how much, which means many buyers no longer qualify for mortgages at 10% down. More »
Dubai Towers-Doha to achieve LEED certification
Sama Dubai, the international real estate investment and development arm of Dubai Holding, has announced that Dubai Towers - Doha will be one of Qatar's first buildings to be designed to achieve the US Green Building Council's Leadership in Energy and Environmental Design (LEED) certification. More »
Al Wa'ab financing complete
Qatar-based Al Wa'ab City has announced that it has completed financing for its development. Construction on the mixed use project is due to begin shortly after the group managed to raise QR4.6bn. More »
Memon Group unveils Jumeirah Village project
Memon Invetsments, a subsidiary of the Memon Group, has announced the launch of a project in Jumeirah Village South. The Gardenia I and II residential developments are valued at Dhs150m. More »
Palm Deira on track 'as planned'
Nakheel Properties has denied a report that its Palm Deira project had scaled back dredging due to the global financial crisis, Gulf News has reported. Nakheel said on Friday land reclamation work on Palm Deira development was progressing 'as planned'. More »
Al Batha buys stake in Malaysian realty firm
UAE-based Al Batha Group has acquired 40% of Bukit Kiara Capital Sdn Bhd of Malaysia, a boutique Real Estate Developer, for Dhs44m ($12m). The acquisition, part of a strategic initiative to expand the group's footprints across international markets, will lead to a new Malaysian company under the name of Al Batha Bukit Kiara Holdings Sdn Bhd. The new business entity will undertake property developments in Malaysia where three major projects involving an investment of Dhs1bn are under way. More »
Borrower, Lender Travails Visit Chambers Bank Family
Johnny Chambers sounds weary, a feeling no doubt shared by other Arkansas banking executives battling through tough times. More »
Commerce Arkansas Attracts 900 to Downtown Little Rock
Commerce Arkansas, the first business-to-business showcase jointly sponsored by Arkansas Business and the Little Rock Regional Chamber of Commerce, attracted 900 business representatives to the Statehouse Convention Center last Wednesday. More »
State Bankers Still Eager to Lend
Arkansas financial institutions have money to lend and they want people to know it. And at least one expert thinks that the state's banks can use the nationwide credit crunch as an opportunity to grow. More »
Deposits in Arkansas Show Only Slight Drop Despite ANB's Failure
The 159 individually chartered banks doing business in the state at the end of June held a total of $47.148 billion in deposits, down just under $75 million from the same day a year earlier. More »