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Apartment, South Ridge, Downtown Dubai
AED 80,000.00
Apartment, South Ridge, Downtown Dubai
AED 80,000.00
Apartment, South Ridge, Downtown Dubai
AED 80,000.00
Apartment, Burj Dubai, Downtown Dubai
AED 220,000.00
Villa, Meadows 6, Emirates Living
AED 250,000.00
Villa, Meadows 1, Emirates Living
AED 170,000.00
Apartment, JBR B07-T01 (Rimal 3), Jumeirah Beach Residence
AED 100,000.00
Apartment, Dubai Mall Hotel & Serviced Apartments, Downtown Dubai
AED 130,000.00
Apartment, Kamoon ( Old Town ), Downtown Dubai
AED 95,000.00
Plot/Land, Plot in the Villa, The Villa
AED 715,572.00
Office, Addax Tower, Al Reem Island
AED 2,337,790.00
Office, Liberty House, DIFC Dubai International Financial Center
AED 2,467,500.00
Villa, Meadows 6, Emirates Living
AED 3,692,000.00
Penthouse, The Waterfront, Dubai Marina
AED 5,720,000.00
Apartment, Marina Residence, Dubai Marina
AED 80,000.00
Villa, Garden Home, Palm Jumeirah
AED 9,880,000.00
Apartment, Marina Promenade, Dubai Marina
AED 150,000.00
Apartment, Al Ghaf 2, The Greens
AED 1,612,000.00
Apartment, The Fairways, The Views
AED 1,975,998.96
Apartment, Marina Pinnacle, Dubai Marina
AED 2,309,049.60
The Cube:Condo Hotel
Imagination has finally become reality. As a magnificent five star condo hotel, The Cube is... read more»
KEMPINSKI EMERALD
Expected to open in 2010, Kempinski Hotel Emerald Palace will be a five-star resort hotel set within... read more»
For Sale

Dubai to pay $4.1 billion Nakheel debt
December 14, 2009
The Dubai government said Monday it will pay $4.1 billion to cover Islamic bonds issued by its Nakheel property developer which mature Monday after receiving $10 billion from Abu Dhabi.
"The Government of Abu Dhabi has agreed to fund $10 billion to the Dubai Financial Support Fund that will be used to satisfy a series of upcoming obligations on Dubai World," it said in a statement.

"As a first action for the new fund, the government of Dubai has authorised $4.1 billion to be used to pay the sukuk obligations that are due today."

The yen fell sharply against other currencies on the news, while the dollar shot up to 88.90 yen and the euro also jumped to 130.43 yen.

S&P futures jumped to be up 0.7 per cent, reversing early losses and pushing Treasury futures to session lows. Hong Kong's Hang Seng index shot up 300 points in the last minutes of morning trade to finish in positive territory, while other markets across Asia also pushed higher.

Abu Dhabi is the largest member of the United Arab Emirates federation and a big oil exporter.

"We are here today to reassure investors, financial and trade creditors, employees, and our citizens that our government will act at all times in accordance with market principles and internationally accepted business practices," Sheikh Ahmed bin Saeed al-Maktoum said in the statement.

"Dubai is, and will continue to be, a strong and vibrant global financial center. Our best days are yet to come."

Excess funds would be used to cater to Dubai Worlds needs up until the end of April 2010, the statement said.

Dubai has announced a bankruptcy law that it said could be used in case Dubai World and creditors failed to reach an agreement on debt maturing in the future.

"Dubai will announce a comprehensive reorganisation law, a framework that is based upon internationally accepted standards for transparency and creditor protection," Sheikh Ahmed said.

"This law will be available should Dubai World and its subsidiaries be unable to achieve an acceptable restructuring of its remaining obligations."
business24-7
Dubai's house prices jump 4% in Q1
Colliers International says average prices are now on a par with 2007 levels. Property prices in Dubai's residential property market rose four per cent between fourth quarter 2009 and the first quarter 2010, but demand-supply mismatch is likely to put downward pressure on prices, according to Colliers International. "Additional stock is likely to create downward pressure on property prices. However, it remains unclear whether the future supply will have a negative impact on... read more»
Indigo Tower's service charges slashed by 20%
Owners' association cuts JLT building's charges from Dh13.47 to Dh10.77 per square foot. The building insurance of Indigo Tower has been reduced to Dh45,000 from the previous year's Dh84,375. (SUPPLIED) The Interim Owners' Association (IOA) of the Indigo Tower building in Jumeirah Lake Towers has brought down service charges by 20 per cent from the developer's proposed budget of Dh13.47 per square foot to Dh10.77 per square foot, a committee member of the association told... read more»
Dubai Land Department launches online registration
Dubai's Land Department has announced the launch of new services including an immediate online registration procedure. The new registration process will allow property transactions to be completed securely and promptly. "By offering real estate buyers, investors and professionals procedures which are quick, simple, connected and allow instant access to on the spot reports we are giving them the confidence and assurance they need to invest in Dubai property,' said Sultan Bin Butti Bin... read more»
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