Potential Aldar & Surouh Merger – A Multi-billion Rescue at Hand?



Talks of a merger between Abu Dhabi companies Aldar and Sorouh may take share prices higher, but as for adding black ink to the country’s investment portfolios, the jury is still out. Billions are now riding on luxury properties that may not even be viable in this economic climate.

Gulf Developers to Build More Affordable Homes



After years of building luxury homes which now languish on the market, property developers in the Gulf are finally to start building more affordable homes. Their main motivation is obviously to sell more property, but they are also being encouraged by their governments, who are trying to improve living standards throughout the region, as the […]

Sorouh Real Estate Nets $34 Million Profit from Sun & Sky Towers Handover



Sorouh Real Estate, the second-largest property developer in Abu Dhabi, yesterday reported profits $34 million for the second quarter, a year-on-year growth of 525% from 2010 following the generation of more than $271 million in revenue from its landmark Sun & Sky Towers project. Additionally, the developer generated earnings from numerous housing projects in the […]

Abu Dhabi Rents Could Decline by a Further 10%



According to the second largest real estate developer in Abu Dhabi, residential rents could fall by 10% during the next year, due to the number of new homes being completed.

Hyatt Plans to Open Two Abu Dhabi Hotels in 2011



Hyatt Hotels and Resorts announced that two of its Abu Dhabi properties will open in the second half of 2011.  The Park Hyatt Abu Dhabi Hotel and Villas and the Hyatt Capital Gate are located near Abu Dhabi International Airport and will welcome business and leisure guests from all over the world. The Tourism Authority […]

Wealth Report Says: Rich Still Value Real Estate



Real estate remains extremely important to the richest people in the world, as evidenced by the growth in demand for luxury homes in top cities like New York and London, claims a new Wealth Report by Citi Private Bank and Knight Frank.

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