Register | Forgot password?
Switch to Arabic
Sunday, November 8 - 2009

Limitless reviews Arabian Canal project

  • United Arab Emirates: Thursday, November 27 - 2008 at 11:57

Dubai-based property developer Limitless is reviewing the pace of development of its $61bn Arabian Canal project, as well as staffing levels, due to current market conditions, Reueters has reported. The firm, which is controlled by government-owned Dubai World, dismissed a newspaper report on Wednesday that it would put sales of its properties on hold, along with another major developer Nakheel, until the local real estate market improves. Limitless said it had never announced a sales timeline for the Arabian Canal project.

Also consider reading:

Disclaimer:

The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.

AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.

In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.