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Dubai Can’t Kick Its Building Habit as Glut Forces Prices Lower 2011-02-22 20:00:01.0 GMT By Zainab Fattah Feb. 23 (Bloomberg) -- Dubai just can’t kick its building habit. Construction sites are buzzing with work across the Persian Gulf sheikdom more than two years after the...

Heard from a friend on the ground that police intervened to quell what could have turned into a food riot near the Burjman Center in Dubai. Any news? Also, how is the situation on the ground, have food prices increased that much?

I guess we knew it. RERA was established in order to manage the speed at which new properties are put on the market. That's why it is dragging its feet with all these projects either called off or indefinitely postponed. According to Ahmed Badr, a Dubai based analyst for Credit Suisse...

Homes from Hell New series Thursday 01 July 9:00pm - 10:00pm ITV1 London 1/4 First in a new documentary series. Today's episode looks at the British victims of Dubai's property crash. While the property boom was in full swing, they paid out thousands for brand new, state-of-the-art...

UPDATE 1-Dubai CDS jump, bonds selloff on debt uncertainty | Reuters By Sujata Rao and Natsuko Waki LONDON, Feb 12 (Reuters) - Dubai debt insurance costs surged to 2-1/2 month highs on Friday and bond yields rose as growing uncertainty over the fate of the debt-laden conglomerate Dubai...

Thank you for reading the article below. What is the morality of the story? The National Woman arrested after rape claim for illegal sex and drinking - The National Newspaper Woman arrested after rape claim for illegal sex and drinking The National staff * Last Updated: January 09...

Construction workers strike for second day - The National Newspaper Construction workers strike for second day Praveen Menon and Wafa Issa Last Updated: December 24. 2009 1:40PM UAE / December 24. 2009 9:40AM GMT DUBAI // Almost 1,000 workers who claim they have not been paid for up...

from the WSJ... very interesting read. You can see how Istithmar, through auction, tries to buy back foreclosed properties it owns for almost nothing, thereby screwing several investors/lenders in the capital structure. Well, it didn't work with the W Hotel Union Square. The big question is...

In the FT, it is mentioned at the bottom of the article... another bad news... :ahhhhh: Tuesday Dec 8 2009 All times are London time Dubai utility faces $2bn debt demand By Robin Wigglesworth in Abu Dhabi, Anousha Sakoui in London and Simeon Kerr in Dubai Published: December 8 2009...

more gloomy news, now prices are down 50% over the last 6 months... Property prices in Dubai plunged 41% during the first three months of this year, a report has calculated. The decline is from the last quarter of 2008, said global real estate consultancy Colliers International. It is...

from the Huffington Post - 8th of April 2009 The dark side of Dubai Johann Hari: The Dark Side Of Dubai The wide, beneficent face of Sheikh Mohammed - the absolute ruler of Dubai - smiles down on his creation. His image is displayed on every other building, sandwiched between the more...

good day, could people in Dubai or people that have visited Dubai recently give me some feedback on what they really see in terms of: - daily traffic : is it still a pain to commute between the Royal Mirage and the Gold Souk for instance at peak time? - do people still fight for taxis, I...

Dubai economy in free fall. South East Asian workers leaving the city in drovers, rental prices plummeting. I guess the decoupling theory was only good until it wasn't. source: Dubai rental costs fall by a third in two months - agents - Real Estate - ArabianBusiness.com The cost of...

what a disgrace if this goes through... "UAE May Gag Media Amid Economic Woe, Scandals Thursday, Jan 22, 2009 (This item was originally published Wednesday.) By Mirna Sleiman Of ZAWYA DOW JONES DUBAI (Zawya Dow Jones)--The United Arab Emirates plans to crackdown on media...