Khoie says La Hoya Bay-investors can claim refund

Grand opening of Burj Khalifa, formerly known as Burj Dubai

The world’s tallest skyscraper finally opened today and was surprisingly renamed Burj Khalifa in a nod to the leader of neighboring Abu Dhabi which came to its rescue during the financial meltdown. A... 

Abu Dhabi gives Dubai $10bn

Abu Dhabi provided $10 billion to help Dubai World, the state-owned holding company, meet its obligations, including $4.1 billion needed to repay an Islamic bond maturing today for the real-estate unit... 

Frank Khoie freezes La Hoya Bay

Frank Khoie, the jailed developer behind the US$800 million (Dh2.93 billion) La Hoya Bay project in Ras al Khaimah, has withdrawn his consent to let the Government of the emirate develop part of the project. Speaking... 

Huge service bills threaten owners at The Cove, RAK

Owners at The Cove, Ras al-Khaimah, could face annual six-figure service bills, The National reported. Lack of electricity has forced the developer of the luxury-development to invest in eight diesel generators... 

Al Barari close to completion

The luxury-development Al Barari, Dubailand, is close to completion with 35 families moving in by December. At a price tag from Dh28m to Dh100m, each high-end villas have between 5 to 7 bedrooms, an outdoor...