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DUBAI : Just one year ago, property prices in Dubai were surging to record peaks undeterred by a real estate slump in major markets, but they have since gone into free fall and have yet to find the bottom. Market watchers in the former Gulf boomtown differ slightly on the magnitude of the decline so [...]
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The property market in Dubai is stressed but it is not getting any worse and improvement already being seen in some economies around the world backs up the arguments that it will start to recover in 2010. Real estate market recovery is very much dependant on the global economic recovery and world economic events, a [...]
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The public on Tuesday got its first peek at some of the art that will fill the Louvre Abu Dhabi, the 260,000-square-foot museum designed by the French architect Jean Nouvel and expected to open in the capital city of the United Arab Emirates by 2013. At a ceremony to commemorate the beginning of construction, President [...]
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DUBAI (March 29 2009): Pakistani businessmen have invested about Rs 190 billion or more than 8.7 billion dirhams in the real estate sector of United Arab Emirates (UAE). This was stated by President of Pak-UAE Business Council, Dubai, Iskandar Sultan while welcoming the visiting delegation of the Federation of Pakistan Chambers of Commerce and Industry [...]
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Metro trains will start operations in the UAE capital city by 2016 and trams expectedly by 2014, officials said. Last week the department invited bids from international consultancies to prepare the Abu Dhabi Metro Study, one of the largest in the world. The Abu Dhabi Metro Study is a result of the Surface Transport Master Plan [...]
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Confidence is a fragile thing that can swing wildly from being upbeat and willing to take the calculated risks that drive an economy to suddenly evaporating and putting new projects in cold storage. The UAE has been confident of its future since its inception, secure in the knowledge that good education and oil wealth allow [...]
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According to the organizers, with the global economic slowdown dampening enthusiasm for short-term speculative property investment, Cityscape Abu Dhabi, which opens today, is going back to its roots. Despite the downturn, however, the real estate event of the year for the UAE capital will be more than 30% bigger than in 2008 in terms of [...]
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Abu Dhabi’s real estate and infrastructure projects are going on in full swing, with developers and government entities investing huge sums to create an extremely trendy city at par with global living standards, industry experts and government officials say. With huge investment in industrial, tourism, civil aviation and real estate sectors, UAE capital city and [...]
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