Four reasons why Dubai will survive
Wednesday, December 9th, 2009 Posted in Economy, General, Industrial investment, News, Real estate | 1 Comment »1) Actual (Strategic) Value of "Distressed" Real Estate: Dubai World, the government-affiliated parent company under scrutiny, is strapped with an estimated $24B in debt,including $7.3B in deteriorating real estate assets held by their Nakheel subsidiary. On paper, these assets are ...
Qatar, a real green shoot
Friday, August 7th, 2009 Posted in Real estate, Regional News | No Comments »clipped from www.themedialine.org Covering an area larger than Beirut and with almost half a million people – two ways that the Qatari developer is describing Lusail - a brand new city is being constructed in the northern part of the Gulf ...
UAE central bank extends Dubai $10B loan
Monday, February 23rd, 2009 Posted in Industrial investment, Real estate | No Comments »The Emirate of Dubai will receive a $10bn loan from the UAE central bank as part of its debt restructuring program the Financial Times reported Sunday. The Dubai real estate sector, which has been a primary driver of regional development ...
Abu Dhabi assures as UAE declares no scaling down
Friday, October 31st, 2008 Posted in Markets, Oil, Real estate | No Comments »A $60 floor for oil prices seems reasonable at this point and is still profitable for the Gulf, although not quite like it was, when nearing $150/bbl. Abu Dhabi's budget is reportedly based on $40-$50/bbl prices, while Saudi's is ...
A bubble in Dubai?
Saturday, August 30th, 2008 Posted in Real estate | No Comments »In a Financial Times article this week on Dubai property heads off-plan, reports from Standard Chartered and Morgan Stanley were prominently cited in predicting a fall in property prices by the second half of next year, due principally to oversupply. ...
Gulf Real Estate Projects Total $2.4 Trillion
Sunday, June 15th, 2008 Posted in Real estate, Regional News | No Comments »The Wall Street Journal recently published "Celebrity Endorsers Help Lure the Rich to Dubai: Brad Pitt Will Design Five-Star Hotel, Resort; Even B-List Makes It." Beyond the talk of celebrities and buried in the latter portion of the article is ...
Abu Dhabi Eyes $800M Stake in Chrysler Building
Wednesday, June 11th, 2008 Posted in Real estate, SWF | No Comments »By way of the New York Post, Reuters reports the Abu Dhabi Investment Council is under negotiations to buy a 75% stake in the NYC Chrysler Building, an investment valued at $800M.
