Dubai Property Prices May Fall 60pc From Peak: Shuaa

Dubai real estate prices could fall as much as 60 per cent in 2009 from their peaks in July last year, while Abu Dhabi may slide as much as 20 per cent, Shuaa Capital said.

Investments In Dubai's Real Estate Top Dh58b

Total investments in Dubai's real estate sector exceeded Dh58 billion during the last quarter of 2008, representing a drop in comparison to the previous quarter of 2008, according to REIDIN.com, an online property tracker.

Aldar Profit Climbs 78% In 2008, Despite Poor Q4

Aldar Properties, the largest developer in Abu Dhabi, said full-year profit soared 78% on sales of land and residential units. Net income rose to Dhs3.45bn ($939m) from Dhs1.94bn in the year-earlier period, the company said.

Experts See Robust Demand For Property In Abu Dhabi

Demand for property in Abu Dhabi is expected to peak at 70,000 units in the next three years, according to experts in the real estate sector.

Delivery Of Victory Heights Villas Begins

Dubai Sports City executives today announced delivery of the first villas of the Victory Heights luxury development, which consists of 964 townhouses and villas.

Deyaar Enjoys 105 Per Cent Growth In Profit

Deyaar announced record net profit of Dh1.1 billion, a stellar increase of 105 per cent, especially staggering in light of the economic situation. The company's net profit stood at Dh540 million in 2007.