50 Most read articles the past month

Today's most read articles:

Abu Dhabi real estate faces a tricky year ahead
It is a truth that any market downturn puts the biggest strain on its most recent entrants. In the c... Read full article »
United Arab Emirates: Wednesday, December 31 - 2008 at 12:10

Dubai cancels New Year Celebrations
Phil Blizzard reports on what is likely to be a sombre New Years Eve in glitzy Dubai, following the cancellation by the Ruler of the Emirate of all celebrations to see 'in the new year'.
United Arab Emirates: Wednesday, December 31 - 2008 at 11:47 | Duration: 2:18

Dubai issues new payment rule
Dubai's Real Estate Regulatory Agency (Rera) has issued a new rule which says developers can collect no more than 20% of the cost of a property from a buyer until construction begins, reported Emirates Business. 'We have sent out letters to 100 developers - as well as having meetings with them and lending banks and institutions - telling them to take payments from buyers worth only up to 20% of the contract value,' Essa Saeed Ahmed Al Mansoori, Head of the Trust Accounts Section at Rera's Real Estate Development Trust Account Department, told the daily. Rera has set up an 11-member Real Estate Development Trust Account Department that will supervise and monitor the construction process and ensure the escrow amounts are collected in accordance with the agreed schedule.
United Arab Emirates: Wednesday, December 31 - 2008 at 11:27

Best time in years to buy in Dubai?
The distressed price sales of property in Dubai this autumn has removed the price increases of the p... Read full article »
United Arab Emirates: Tuesday, December 30 - 2008 at 12:23

Developers seek talk on freehold visa
Property developers in Dubai are seeking for the review of visa policy for foreigners linked to freehold property ownership, Gulf News has reported. Developers said a dialogue by the government with the real estate community regarding the matter would bring help restore confidence in the market.
United Arab Emirates: Saturday, December 27 - 2008 at 09:05

Damac development reaches 30 floors
Damac Properties has completed 30 floors of its Ocean Heights tower development at Dubai Marina. One floor is completed every 5.2 days, the developer said. The 84-storey skyscraper is being built by Arabtec. Ocean Heights will eventually have 680 apartments ranging from one to three bedrooms.
United Arab Emirates: Wednesday, December 24 - 2008 at 12:58

Sony to support the Arabian Gulf Cup of Nations
It was announced today that Sony Gulf will be the Official partner of the Gulf's most popular footba... Read full article »
Oman: Tuesday, December 23 - 2008 at 14:48

Nakheel axes new projects
Chris O'Donnell, chief executive of Nakheel, has said the developer has no plans to launch any new projects, as sales are slowing down. Last month Nakheel announced plans to reduce its workforce by 15%, but has since said it is not planning on making any more redundancies. Nakheel is one of a number of Dubai developers which have cut staff, scaled back and reviewed projects as the global financial crisis hits Dubai's real estate sector.
United Arab Emirates: Tuesday, December 23 - 2008 at 12:59

About Most Read Articles
Articles listed here are the ones most read (ie clicked onto detailed page) in the past 30 days. Today's most read are calculated using the same methology as for the monthly list.

The monthly list is automatically generated every 24 hours, the daily is updated dynamically throughtout the day and no manual manipulation is taking place.

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