How does the $700bn bail out impact on the UAE and local real estate? « Pete...

" Real estate prices in Dubai should also see a slowdown in price rises, and the selling of new off-plan projects could become very much more difficult at least in Dubai, perhaps not Abu Dhabi just yet: partly because Dubai off-plan supply is so high and partly because the...

What does this $700bn US bailout mean for the UAE? « Peter J. Cooper’s Weblog

" In the UAE the banking sector is very well capitalized and if its lending is now reduced then it comes as the economy was in danger of overheating. Recent inflation figures and shortages of skilled labor point to an economy in need of tighter credit. This could actually...

Dubai house prices continue to head up and up! « Peter J. Cooper’s Weblog

" My rough calculation is 15-20 per cent in the past four months. That comes after Colliers International reported a 78 per cent gain in the 12 months to the start of summer. "

Burj Dubai

"This is the latest available in images from the Burj Dubai, already the tallest building in the world with just a year to go to completion. Nothing demonstrates the amazing ambition of this city better than this iconic building which is the centre piece of the new Downtown...

Dubai most likely financial centre to become significant in the future « Pet...

"Zooming up the ranks of global financial centres to number 22, Dubai was ranked highest as the city most likely to become significant in the future. Other cities scoring highly on this question included Qatar, ranked 45th, Singapore and Shanghai. "

Calm before the storm, yet again? « Peter J. Cooper’s Weblog

" In this climate the assets to hold are commodities in general, and precious metals in particular. Gold managed an eight-fold increase in the late 70s while silver soared even higher. Do not be surprised if history repeats itself, and oil prices also stay high."

UAE dirham revaluation to come with 2010 currency union? « Peter J. Cooper...

"In economics the inevitable always happens, and while the Gulf States have definitely rejected the idea of unilateral revaluation by individual countries, there is now almost a universal sentiment that revaluation is going to be a natural part of the 2010 currency union. "

$150m Islamic hedge funds debut in Dubai « Peter J. Cooper’s Weblog

" Some industry watchers have suggested that Al Safi’s funding and the launch of DSAM is a historic milestone in Islamic Finance. And it seems ironic that Islamic hedge funds should debut at such a bad time for the hedge fund industry as a whole but if they can make this...