Nakheel wrote off $21.4B in property crash
Nakheel wrote off up to $21.4 billion of its real estate assets due to a property crisis in the emirate, according to a bond prospectus.
September 13, 2011 11:46Register for our free newsletter
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Nakheel wrote off up to $21.4 billion of its real estate assets due to a property crisis in the emirate, according to a bond prospectus.
September 13, 2011 11:46Precious de Leon suspects the ambitious Amphibious project may just prove that time travel is possible, seeing as it follows the same extravagance seen in UAE's now-defunct projects of old.
August 8, 2011 3:51$5.35 bln property deals overall, 31 pct rise vs last year, Foreign buying picks up 41 pct in first seven months of 2011, Property sector boom driven by apartment demand
August 4, 2011 8:49A Reuters poll sees the Dubai real estate market continues to be oversupplied by 30 percent while Abu Dhabi prices are also expected to fall another 15 percent before steadying.
July 20, 2011 11:37