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    <title>Dubai waits for strata law</title>
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    <pubDate>Sat, 07 Nov 2009 13:07:49 +0400</pubDate>
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        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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    <title>Burj Dubai opening postponed until January</title>
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    <pubDate>Thu, 05 Nov 2009 12:32:16 +0400</pubDate>
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        Emaar has announced that the Burj Dubai development, which was scheduled for inauguration on December 2, the UAE's National Day, will now open on January 4 2010 - the anniversary of Sheikh Mohammed bin Rashid Al Maktoum's becoming ruler of Dubai. 
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    <title>Jordan real estate trades down 31%</title>
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    <pubDate>Thu, 05 Nov 2009 11:51:37 +0400</pubDate>
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        According to figures by Jordan's Department of Land and Survey (DLS), real estate trading during the first 10 months of 2009 dropped by 31% to JD3.7bn from JD5.4bn during the same period of 2008, the Jordan Times has reported. Sales of residential apartments declined to 16,710 units from 18,723, but demand was higher during the third quarter of this year compared with the previous two quarters. Property purchases by non-Jordanian investors accounted for JD221m during the first 10 months compared with JD155m for the same period of 2008. Iraqi nationals ranked first with JD108m followed by American and Saudi investors, accounting for JD18m and JD17m respectively, according to DLS.
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    <title>Deyaar to develop retirement communities</title>
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    <pubDate>Wed, 04 Nov 2009 12:44:08 +0400</pubDate>
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        Markus Giebel, CEO of Deyaar Development, said the company will allocate a third of its holdings to 'problem-solving' housing such as retirement communities to counter waning demand for real estate in the UAE, Bloomberg has reported. Deyaar will offer the units to elderly foreigners attracted to the region's warm climate, Giebel told reporters in Abu Dhabi.
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    <title>Dubai property prices up 7% in Q3</title>
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    <pubDate>Wed, 04 Nov 2009 12:27:18 +0400</pubDate>
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        A new report by Colliers International has found that Dubai house prices climbed 7% in the third quarter, marking their first increase since the downturn in real estate began in 2008. However, property prices in the emirate are still about half of what they were a year ago, and prices could fall even lower as 34,000 residential units are expected to come online in the city in 2010 and 2011, the study warned. 
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