Board discusses memo on proposals to launch facilities for dealing with property loans....

Abu Dhabi is continuing to be the singular regional property success story of the year, as the financial slow down begins to hit regional real estate markets. Despite turmoil on the local stock market, the Abu Dhabi Securities Exchange, with Aldar and Sorouh both suffering from the knock on effects, progress on the roll out of major developments continues....

Dubai property buyers who breach contracts or default on payments will have to forfeit 30% of the sale price to the developer under new rules announced by the Dubai Land Department on Wednesday. The developer may also delay any payment until the property is resold to another buyer. Developers can also keep 30% of any payment made in excess of the initial 30% instalment. The new rules, effective im...

Emaar Properties PJSC posted revenue and net operating profits of Dhs12.520bn, for the first nine months of 2008, supported by strong domestic revenues and profit....