• Dubai’s Government-backed developers make significant debt repayments

    The big government-related entities that were at the heart of Dubai’s financial crisis have made great strides in recent weeks to pay down significant chunks of the huge debt they incurred in the wake of the financial collapse, according to an analyst. London-based Capital Economics said government-related developers such as Nakheel and Dubai World had […]

  • Dubai’s freehold property sector witnesses growth

    Industry sources confirm that the government with its various regulatory bodies has spread an extra mile to bring about stability by controlling supply and nipping problems that had been experienced in the past. They say that aggressive law and other timely steps have totally restored the health of the realty estate, which has become more […]

  • Dubai’s Nakheel to pay $2.1 billion in debt early

    FILE – In this file photo taken Monday Oct. 5, 2009, a visitor looks at the Palm … DUBAI, United Arab Emirates (AP) — Dubai’s developer Nakheel behind the famed man-made palm-shaped islands said Wednesday it is repaying 7.9 billion dirhams, or roughly $2.15 billion this month — nearly four years before the last installment is […]

  • Dubai developers facing delays amidst influx of new launches

    A prominent Dubai developer has claimed the number of developments recently announced in the emirate has caused a backlog in the approvals process and months of delays. Indigo Properties had been planning to launch its new Zen master development near Arabian Ranches in May but is still unsure whether it will be approved in time […]