Nakheel Mulls Dh55b IPO

Nakheelappears to consider a Dh55 billion ($15 billion) initial public offering (IPO) to raise capital to fund some projects. Gulf News - 02Dec 05:49GMT
Mega Projects In Dubai Likely To Face Some Delays

Parts of the Dh350 billion Jumeirah Garden City, the Trump International Hotel and Tower on Palm Jumeirah and Nakheel's kilometre-tall tower are just three of Dubai's mega-developments that are delayed. Gulf News - 01Dec 06:46GMT
Al Mazaya to focus on current projects

Al Mazaya Holding, a Kuwait-based developer, said yesterday it has delayed expansion plans and will focus on completing all its announced projects. Emirates Business 24/7 - 01Dec 05:05GMT
Abu Dhabi finalises draft laws to regulate realty

Five draft laws to regulate the realty sector and protect investors have been finalised by Abu Dhabi's Department of Municipal Affairs. Emirates Business 24/7 - 01Dec 05:02GMT
Work on MAG tower is 75% complete

Construction work on the Dh450million MAG tower in Dubai Marina is 75 per cent completed and will be finished on schedule by the end of 2009. Emirates Business 24/7 - 01Dec 04:39GMT
No Payment Defaults On Dubai Luxury Units

Dubai is not witnessing payment defaults on high-end properties by buyers, according to the Real Estate Regulatory Agency (Rera). Emirates Business 24/7 - 01Dec 03:54GMT
Solanki Holdings Launches AED12Bn Mixed-Use Projects

Premium Mixed-Used Communities to be Launched by UAE-Based Conglomerate to Cater to Residents and Investors in Ras Al-Khaimah. Press Release - 30Nov 13:42GMT
Dubai Property Giant Sacks 500 As Crisis Bites

The Dubai property giant behind such grandiose projects as a one-kilometre tower and artifical palm-shaped islands said on Sunday it has fired 500 staff as the global economic crisis begins to bite in the oil-rich Gulf. AFP - 30Nov 12:54GMT
Mazaya Holding freezes all expansion projects

(Arabic) Mayaza Holding announces the freezing of all expansion projects until all current projects are concluded. It is worth noting that the current value of Mazaya's ongoing projects is $18 billion; 60% of which is in UAE-based projects. Al-Arabiya - 30Nov 12:04GMT
Nakheel lays off 500 employees

(Arabic) Nakheel real estate announces the lay off of 500 employees, which equals 15% of its total work force. Most of the employees affected belonged to the Marketing and Sales departments. Al-Arabiya - 30Nov 12:01GMT

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Citigroup Report On Abu Dhabi Real Estate

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Citi Group report: Abu Dhabi real estate prices to suffer on long term - 01Dec

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Radio

Nakheel Cuts Staff & Projects

Ryan Mahoney, MD of Betterhomes talks about the likely impact from Nakheel's decision to cut staff and slow down projects.
Dubai Eye - 01 Dec 2008

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Community Buzz

Stories in Real Estate

Most read stories by Community in the last 24 hrs

1	Mega Projects In Dubai Likely To Face Some Delays
2	Living the high life in 'new Dubai'
3	Dubai Property Giant Sacks 500 As Crisis Bites
4	Outstripping Supply?
5	Dubai Property Giant Sacks 500
6	No Payment Defaults On Dubai Luxury Units
7	Good News Comfort Dubai Investors
8	UAE: Better Homes Sacks 50 Workers
9	Solanki Holdings Launches AED12Bn Mixed-Use Projects
10	Al Mazaya to focus on current projects

Companies in Real Estate

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Company Name	Country	Industry
Nakheel	UAE	Landlords and Developers
Barwa Real Estate Company	Qatar	Landlords and Developers
Qatari Diar Real Estate Investment Company	Qatar	Landlords and Developers
Jebel Ali Free Zone	UAE	Properties and Zones
Hydra Properties	UAE	Landlords and Developers
Emaar Properties	UAE	Landlords and Developers
TECOM Investments	UAE	Landlords and Developers
Ras Al Khaimah Free Trade Zone	UAE	Properties and Zones
ALDAR Properties	UAE	Landlords and Developers
Abu Dhabi Future Energy Company	UAE	Properties and Zones

Posted on 02Dec
Comments

Deflated figures

“I'm pretty sure those are just deflated figures from developers... actual figures are 30% to 60% higher. This is just the first round of layoffs and very soon many others will lose jobs as the credit crunch sinks deeper into the economy.”

Noaman Al Sardi on Restructuring likely in real estate sector

Projects in Real Estate

Most viewed projects by Community in the last 24 hrs

Project Name	Country	Sector
Qatar Foundation - Sidra Hospital	Qatar	Real Estate
Nakheel - Dubai Waterfront	UAE	Real Estate
ALDAR - Yas Island Development (Phase 1)	UAE	Real Estate
Nakheel - Madinat Al Arab - Infrastructure	UAE	Real Estate
Nakheel - Dubai Waterfront - Veneto	UAE	Real Estate
Talaat Moustafa Group (TMG) - Madinaty	Egypt	Real Estate
Qatar - Al Waab City	Qatar	Real Estate
Yas Island - Ferrari Theme Park	UAE	Real Estate
ALDAR Properties - Al Raha Beach	UAE	Real Estate
Masdar - Carbon Free City - Phase 1	UAE	Real Estate

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Zawya Network

328 members in Real Estate

Outstripping Supply?
Demand for residential units in Abu Dhabi will outstrip supply until the end of 2011 as the population grows and household size shrinks in the emirate, according to a new study.

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As many as 819 people have lost their jobs in the property sector in Dubai to date, with many more expected, analysts say.

UAE
New Heights
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Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	Emaar Properties	UAE	4,946
2	Compagnie Générale Immobilière	Morocco	4,618
3	Dar Al Arkan Real Estate Development Company	Saudi Arabia	4,422
4	ALDAR Properties	UAE	3,790
5	Douja Promotion Groupe Addoha	Morocco	3,605
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