DUBAI NEWS

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  Dubai really is a city for the future

  2 May, by Dubai
  When speaking about Dubai and the so-called "real estate bubble", conversations tend to focus on the short term. "What will happen in 2009-10 when projects are completed and handed over - will prices level off or even worse, fall?"
  I can remember back in 2004 when people were asking those very same questions. The truth is at that point, nobody could have imagined what was to come and how far away from reality those concerns would prove to be! Since those early days of unpredictability, (...)
  
  
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  Dubai Holding division reports Dh14.15b profit

  2 May, by Dubai
  London: A unit of Dubai Holding on Thursday reported that profit last year almost doubled to $3.85 billion after it sold more land and property amid a real estate boom in the Gulf.
  Dubai Holding Commercial Operations Group, which includes property developers Tatweer, Sama Dubai and Dubai Properties, said net income rose to Dh14.15 billion ($3.85 billion) in the year to December 31 from Dh7.6 billion in 2006, according to a statement on the Dubai International Financial Exchange website. (...)