Gulf Real Estate Study

1. Bloomberg Business Week, “Debt-Laden Dubai May Spend ‘Billions’ on Airport Expansion Work,” February 2010
2. Gulf News Financial Review, “The quiet before the storm of activity,” pp. 59‚ 60, August 2009
3. Arabian Business, “Dubai office rents collapse 50% in 9 months,” July 2009
4. Jones Lang Lasalle, “Investor Sentiment Survey,” March 2009
5. Arabian Business, “Qatar rents predicted to plummet by 2011 – expert,” August 2009
6. The National, “Sub-letting pushes office rents down,” September 2009
7. CB Richard Ellis, “Bahrain Residential Market,” Market View, Q2 2009
8. Arabian Business, “Severe ‘undersupply’ of housing to hit Saudi by 2012,” March 2009
9. Buidling, “Number of projects on hold in the Middle East revealed,” September 2009
10. Maktoob Business, “One in four homes empty in Dubai -Colliers,” October 2009
11. Arabian Business, “Dubai ruler says worst of crisis is over,” November 2009
12. Bloomberg, “Dubai World Seeks to Delay Debt Payments as Default Risk Soars,” November 2009
13. Bloomberg, “Dubai World’s Debt Not Guaranteed by Government (Update2),” November 2009
14. Arabian Business, “Dubai eyes new law to protect property investors – paper,” November 2009
15. Market Watch, “Dubai tourism already defaulting,” November 2009
16. Arabian Business, “Dubai developers drop off as credit crisis bites,” January 2009
17. Official Dubai Real Estate Community, Developers
18. Khaleej Times, “Dubai Ranked Most Competitive in Middle East,” March 2009
19. Business Intelligence Middle East, “More than half of Dubai projects now on hold or cancelled,” March 2009
20. Arabian Business, “Qatar real estate prices decline 40-70% since Sept,” April 2009
21. Building, “Number of projects on hold in the Middle East revealed,” September 2009
22. Maktoob Business, “$1 tln of Gulf real estate projects at risk,” April 2009
23. Property Weekly Magazine, “Multi-billion dollar project to rejuvenate Doha‚” May 27, 2009
24. Emirates Business 24/7, “UAE top infrastructure builder in GCC with projects worth $105bn,” May 2009
25. Maktoob Business, “Third of UAE building projects axed, on hold,” July 2009
26. Arabian Business, “Saudi bans promotion of off-plan developments,” March 2009
27. Arabian Business, “Barwa, Alaqaria merger to create $3bn company,” January 2010
28. Arabian Business, “Amlak posts $36.7m net loss in H1,” August 2009
29. Arabian Business, “Qatari Ezdan, International Housing may merge,” March 2009
30. Arabian Business, “UAE developers Deyaar, Union end merger plans – paper,” December 2009
31. CB Richard Ellis, “Abu Dhabi, UAE,” Market View, Q3 2009
32. Jones Lang Lasalle, “Jeddah City Profile,” OnPoint, June 2009
33. Arabian Business, “25% of Dubai homes lying empty – Colliers,” October 2009
34. Arabian Business, “Dubai freezone office rates fall by up to 63%,” September 2009
35. Arabian Business, “25% of Dubai homes lying empty – Colliers,” October 2009
36. Zawya, “Pink slips all around,” January 2009
37. Arabian Business, “70% of banks set AED20k salary limit for mortgages,” October 2009
38. Arabian Business, “UAE mortgage lending slows in H1 2009,” November 2009
39. The National, “Dismissals keep lawyers busy,” May 2009
40. Arabian Business, “Deyaar axes 20% of its staff in shake-up,” October 2009
41. Arabian Business, “Saudi construction giant lauds positives of global downturn,” October 2009
42. Arabian Business, “Makkah revamp project unveiled,” August 2009
43. CB Richard Ellis, “Saudi Arabia Residential Market,” Market View, Q2 2009
44. Jones Lang Lasalle, “Riyadh City Profile,” OnPoint, June 2009
45. Arabian Business, “Kingdom Tower project put on hold,” February 2009
46. Jones Lang Lasalle, “Jeddah City Profile,” On Point, June 2009
47. Arabian Business, “Saudi Arabia plans to build three ‘airport cities’,” October 2009
48. Arabian Business, “Saudi Arabia to build 8,143 new housing units” December 2009
49. Arabian Business, “Qatar’s new city will be bigger than Beirut,” August 2009
50. Arabian Business, “$5.5bn Doha revamp project set to start in Q4,” July 2009
51. Emirates Business 24/7, “Realistic prices to drive property demand in Doha,” August 2009
52. Arabian Business, “Qatar sets up new $100m railway company,” October 2009
53. Arabian Business, “Qatar tenants get more protection in rent law change,” October 2009
54. Arabian Business, “Qatar’s property agents rue lack of demand – paper,” December 2009
55. Arabian Business, “New $1bn Bahrain development announced,” June 2009
56. CB Richard Ellis, “Bahrain Residential Market,” Market View, Q2 2009
57. CB Richard Ellis, “Bahrain Residential Market,” Market View, Q2 2009
58. CB Richard Ellis, “Bahrain Residential Market,” Market View, Q2 2009
59. CB Richard Ellis, “Bahrain Residential Market,” Market View, Q2 2009
60. Arabian Business, “$2.65bn Uptown Bahrain project put on hold,” November 2009
61. Arabian Business, “World’s tallest tower hits 828m, renamed Burj Khalifa,” January 2010
62. Arabian Business, “EXCLUSIVE: Hydra set to scrap all projects abroad,” August 2009
63. Arabian Business, “$5.4bn Ajman project could be halved amid downturn,” August 2009
64. CB Richard Ellis, “Northern Emirates, UAE,” Market View, H1 2009
65. CB Richard Ellis, “Abu Dhabi, UAE,” Market View, Q1 2009>
66. Arabian Business, “Nakheel fees row reaches Ruler’s Court,” August 2009
67. Arabian Business, “Saadiyat Island to partially open by year-end – report,” October 2009
68. The National, “The odyssey of John Laing Homes,” March 2009
69. Maktoob Business, “UAE foreign ownership law in final stages,” September 2009
70. Media ME, “twofour54 unveiled as Abu Dhabi launches media content creation zone,” October 2008
71. Travel Daily News International, “Desert Islands has arrived on the international tourism scene with the opening of Sir Bani Yas Island,” November 2008
72. Arabian Business, “Abu Dhabi rents decline slows in Q3,” November 2009
73. Arabian Business, “Dubai rents near bottom, down 39%,” November 2009
74. Arabian Business, “Dubai rents near bottom, down 39%,” November 2009
75. Arabian Business, “Dubai house prices up 7% in Q3 – Colliers,” November 2009
76. Arabian Business, “Demand seen growing for Dubai office space,” October 2009
77. Arabian Business, “Dubai may see another 50,000 units in 2010 – paper,” November 2009
78. Arabian Business, “Abu Dhabi offices among top rent falls in the world,” December 2009
79. Arabian Business, “Some 40% of Dubai office space currently empty,” November 2009
80. Arabian Business, “Dubai tops global list for house price declines,” December 2009
81. Arabian Business, “UAE jumps to 18th rank in property potential index,” December 2009
82. Arabian Business, “Masdar relaxes 2016 deadline for $22bn green city,” January 2010
83. Financial Times Middle East, “Dubai Metro plans hit by contract row,” January 2010
84. The National, “Progress is slow on the Dubailand dream,” July 2009
85. UAE Interact, “Falconcity of Wonders to be ready by 2017,” October 2009
86. Property Wire Middle East, “Dubai developer considering pulling out of mega Indian project,” April 2009
87. Construction Week Online, “Meraas to delay Jumeirah Gardens project,” March 2009
88. The National, “World’s tallest tower put on hold,” May 2009
89. Construction Week Online, “Trump Jr: Hotel work restart depends on Nakheel,” October 2009

Disclaimer: All material presented herein is intended for informational purposes and has been compiled from sources deemed reliable including developers, sales staff, published data and secondary sources. Though content is believed to be correct, material presented is subject to errors, omissions, changes or withdrawal without notice. ©2009-2010 FutureBrand