Company Merger Regime In The UAE | Real Estate Mergers Expected To Increase in 2012

The real estate sector of the United Arab Emirates (UAE) expects to see a number of significant mergers and business consolidations this year. Why? The UAE real estate market is still struggling to recover after real estate prices slumped in 2008 and it is expected that mergers between real estate developers would be needed to […]

Banks in UAE Sharply Boost Provisions in December

UAE banks appear to be stepping up a drive to build up bad debt provisions four years after the 2008 global fiscal distress, allocating nearly Dh2.1 billion in December, the highest monthly average in 2011. Due to massive lending in the real estate sector, banks in the UAE are extremely sensitive to downturns in the […]

Real Estate Transactions In the UAE – 7 Points To Remember

By Arti Sangar Arti Sangar is a partner in Dubai office of  Diaz Reus LLP The United Arab Emirates experienced rapid real estate growth and a resultant boom, which peaked in the middle of 2008. However following the global financial crisis of 2008, property prices fell dramatically and the number of disputes increased. Property prices […]

Dubai Real Estate on the Rise

The worst may be over, as far as Dubai real estate is concerned. Real estate prices in the city’s most exclusive areas have risen for the time since the onset of the Recession, according to Arabianbusiness.com. Home prices in Palm Jumeirah, Arabian Ranches and the Meadows have seen a one percent price rise since the […]