Financial crisis

Nakheel offer investors in Palm Jebel Ali more options

Close to 700 investors in Palm Jebel Ali have expressed their dissatisfacion with Nakheel’s offer of alternative properties and have announced plans to bring lawyers into the matter. Nakheel recently received US$9bn (Dh33bn) from the Dubai Government to revive stalled projects and settle debt,... 

Yas Island benefits from the financial crisis

The development projects on Yas Island in Abu Dhabi benefit from the economic downturn caused by the global financial crisis, Aldar Properties said on Monday. According to Steve K. Worrel, Director of Mixed Use Development at Yas Island, availability of more workers and bidders have increased because... 

List of projects currently on hold

The global financial crisis has caused a slowdown in construction in the UAE, and many developers have either cancelled or put their project on hold. Proleads recently reported that more than 50% of civil project in the UAE is currently on hold, worth a combined total of $582 billion. Meed and Zawya...