As the case proceedings against the former executives of Tamweel are underway, they have asked court to consider reappointing financial experts that are indepent and free of any prejudice while deciding about the fate of their case. The two executives Habib Al Mulla and Hamdi Al Shiwi were of the view that as the case [...]
Abu Dhabi’s Cityscape event is held every year. It is one of the premier events where real estate stake holders from the UAE and all over the world gather to exhibit their projects. Networking and newer deals are two of the main aims of attending the event. This year however, things weren’t different apart from [...]
Dubai has been one of the largest economies of UAE which has been in the spot light for a decade now. It has seen a lot ups while there were some problems for it as well. Dubai has been criticized by many as a bubble which has been busted. Things may seem smoky at this [...]
RERA (Real Estate Regulatory Authority) has asked all the concerned parties involved in the marketing of real estate authorities to ensure their abiding by the procedures for marketing laid down by RERA. RERA had conducted a course for all the registered brokers for real estate marketing in Dubai, called Brokers Certified Training Course. The course [...]
One of the prime real estate developers Triveni Trading Group has selected Harbor Real Estate as an intermediary service provider for promotional and marketing services to market its project named La Fontana Di Trevi. La Fontana Di Trevi is a residential project which has 126 modern styled apartments. The project which has already been 60% [...]
Few years back Dubai was the center of attraction for all the laborers from the poor and developing countries. This trend continued till the real estate chaos started ceasing the acceleration of developmental growth in Dubai. Most of the construction companies in Dubai used to hire a handsome number of laborers at least once a [...]
Emaar has said that it would defer its debt maturing this year by converting it into long term project financing arrangements. It also mentioned that by delaying the payments, the pressure on Emaar would ease a lot. Emaar had a large sum of $4.5 billion Dirham of debt to pay in FYE 2010. Emaar is [...]
As the new laws have been introduced into the Dubai real estate market, it has took many turns. One of the most talked about cases recently put up by a German Investor named Lothar Hardt, against the real estate developer Damac Properties has been turned down by DIFC ( Dubai International Finace Center) as expected. [...]
One of Dubai Investment’s subsidiary Direc (Dubai Real Estate Company) had joined hands with Aqaar Properties in a joint venture. The two together were supposed to build a multi-billion-dirham project for the state of Ajman. The project has been dropped with the cited reasons of unfeasibility because of the unfavorable market conditions prevailing in the [...]