A six-year real estate boom in Dubai that spurred a $475 billion building frenzy has ended, according to agents who say sales are collapsing amid fears that the global economic downturn will hit the sheikdom.
“Last month was a real disaster and worse is coming I guess,” Mehdi Zoghbi, an agent at Middle East Real Estate [...]

New figures was revealed and it showed that 1,200-1,500 per cent between 2000 and 2007, the booming of real estate industry in the United Arab Emirates (UAE).
Dubai’s Real Estate Regulatory Authority (RERA) and Dubai Land Department (DLD) are the ones who released the figures and according to the figures that west Asian metropolis and the [...]

A new Dubai Bank office under construction in Airport Road, Abu Dhabi. Andre Forget / The National
Commercial property transactions more than doubled in the UAE in the first half of this year, making it one of the fastest growing markets in the world at a time when sales collapsed elsewhere, according to a new report.
Real [...]