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Saturday, November 7 - 2009

Real Estate

Follow the Middle Eastern property boom with expert news and analysis on the real estate sector. See how the regions construction companies and property developers are performing with up-to-the-minute news, video and audio.

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Dubai waits for strata law

United Arab Emirates: 3 hours, 37 minutes ago
A law that would legalise independent homeowners' associations in Dubai and would allow properties to be managed independently remains pending, The National has reported. Chief executive Peter Crogan of BCS Strata Management Services, a property management firm was quoted saying, 'We had three or four release dates when we thought that it was coming out, and none of us are any the wiser.' No response from Dubai Real Estate Regulatory Agency or Rera has been reported regarding the issue.

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An announcement is expected on the Saudi mortgage law this year

Saudi real estate sector to exceed $400bn in 2010

Saudi Arabia: Monday, November 02 - 2009 at 12:18
The real estate sector in Saudi Arabia continues to retain its appeal, despite the global recession and property market downturn. Saudi Arabia, the GCC's largest economy, continues to focus on diversifying its economic activities. It is expected that the total investment in the kingdom's real estate sector will exceed the $400bn barrier by 2010.

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