International Property Investment » nakheel

Dubai Property Investment News Oct09

admin — Fri, 23 Oct 2009 11:02:53 +0000

With the end of Cityscape Dubai, Nakheel is planning on another 500 job losses according to "The Independent," newspaper.

Nakheel, the state-owned Dubai property group that was responsible for the iconic Palm Jumeirah artificial island, is set to make as many as 500 redundancies now that the Emirate's "Cityscape Dubai 2009" show is over. Announcements are expected in the next few days, a consequence of fallout from the global financial crisis. Dubai property values have fallen 50 per cent in a year. The company said last night: "Nakheel continues to evaluate its projects and commitments against market conditions and opportunities. In doing so, the company also evaluates its cost base and efficiencies." Ratings agency Standard & Poor's said Dubai needs to raise another $10bn (£6.3bn) for its economic support fund, to prop up government-related companies. The independent.

More on Dubai Property Investment News Oct09

Dubai Bubble Finally Bursts?

admin — Mon, 27 Oct 2008 16:53:17 +0000

Some time ago, we suggested that Dubai's property bubble was about to burst. A recent Dow Jones report suggest that time has come. A six-year real estate boom in Dubai that spurred a $475 billion building frenzy has ended, according to agents who say sales are collapsing amid fears that the global economic downturn will hit the sheikdom.

Ups and Downs in the Property Markets

admin — Fri, 02 May 2008 11:34:41 +0000

We thought it was time to take a look at the goings-on in the property world. Who is saying what? Which markets are looking good and which are headed south? What's happening on other property blogs?

More on Ups and Downs in the Property Markets