1. Dubai summer retail sales plunge despite heavy discounting
(News/Latest)

Revenue and profit margins have plunged in Dubai’s world famous retail sector this summer, as shops slash prices to boost dwindling sales. Dubai Summer Surprises (DSS), the annual event organised by ...

2. Police seek Al Barakah executive
(News/UAE Dubai Property News)

...  Al Barakah, the group behind the development of the “tallest tower in Ajman”, as well as several projects in Dubai, enticed homebuyers with a guarantee of a 50 per cent profit in six months. To ...

3. Negative equity, defaults now a Dubai reality
(News/UAE Dubai Property News)

... will happen it was unclear how banks in the UAE are set up to deal with such a scenario. UAE Lists Comment: If your interest is at 8% you need to lease out at 8% + profit + maintenance fees. Maintenance ...

4. UAE Speculators's ill wind blows well for homebuyers
(News/UAE Dubai Property News)

... been fuelled by speculators trying to make a quick profit? Now that the credit crisis has started to hit the Gulf, we are getting the first clues. Developers expect default rates for off-plan properties ...

5. UAE Property buyers struggle to make payments
(News/UAE Dubai Property News)

... a quick profit. The federal government is now moving aggressively to try to reinvigorate mortgage lending, while many developers are adjusting instalment plans to accommodate some delay in payments before ...

6. Damac announces Dh500m profit for first nine months
(News/UAE Dubai Property News)

Damac announces Dh500m profit for first nine months Dubai: Property developer Damac have announced profits of Dh500 million for the first nine months of this year. Hussain Sajwani, chairman of Damac ...

7. Dubai Construction to slow 20 pct
(News/UAE Dubai Property News)

Dubai Construction to slow 20 pct Construction will slow by up to 20 per cent this year, and fall an average of 13 per cent in the period up to 2010, crushing cement producers’ profits, says a report ...

8. Dubai: Developing at a discount
(News/UAE Dubai Property News)

... were being launched with dizzying frequency as real estate companies tapped easy credit and speculators made handsome profits buying properties they would then flip weeks - or sometimes just days - later. ...

9. You can help Dubai minimise the crises!
(News/UAE Dubai Property News)

... property, take their profits out of the UAE. That is damaging for the local economy and does not stimulate local spending. Another problem is getting people to come to Dubai. A lot of the companies we ...

10. Dubai Off-plan resale prices fall, say agents
(News/UAE Dubai Property News)

... at LLJ Properties in Abu Dhabi. The selling pressure is strongest from speculators who secured finance only for one or two instalments, sometimes through personal loans, hoping to sell at a profit. These ...

11. Dubai Mortgage curbs to hit first time buyers
(News/UAE Dubai Property News)

First time buyers could be forced out of the UAE property market after mortgage lenders reined in loans, analysts said on Thursday. But the move could also curb speculators hoping to make a quick profit ...

12. Property Profits may Fall?in Some Areas of Dubai
(News/Latest)

DUBAI - Profits in Dubai’s buoyant real estate sector could ease and sales slow in certain areas, but the overall outlook remains positive, Director-General of the Lands Department Sultan Butti bin Mijrin ...

13. Dubai: Probe 'could hit investor confidence in Tamweel'
(News/Latest)

... "will have no impact on the future profitability and fin-ancial strength," the market would find little comfort in those words. Gulfnews: Probe 'could hit investor confidence in Tamweel'  ...

14. Deyaar to beat 'expectations' - chairman
(News/Latest)

Dubai developer Deyaar will defy profit forecasts, despite an on-going police investigation into financial irregularities at the firm, the group’s top executive said on Tuesday. Nasser bin Hassan ...

15. Emaar Profit Decline
(News/Latest)

Emaar Profit Decline  Dubai-based developer Emaar Properties, the largest Gulf real estate company by market value, posted its second decline in profit in three quarters, falling 3.8% to dhs1.66bn ($451m) ...