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.
