Channel 4 in the UK
has conducted an investigation about the property market in Dubai
, focusing in part on
Damac Properties
, which they claim was selling land that was occupied by the United Nations in
Business Bay
. I haven't seen the video yet, so I can't really comment about it. The caption for the segment, which seems fairly cautious, reads: "Some wanted quick returns.Others wanted a nice apartment in the sun. But some British investors have got considerably less than they hoped for when they put their money into the booming Dubai property market. Many people this program has spoken to are angry and concerned about the future of their properties."
Arabian Business has seen the video. Here are their recaps of what was on it:
and
.
Some
, Angela Giuffrida reports in The National.
The
Western Region Municipality
is spending Dh4bn (US$1.09bn) to upgrade and rebuild more than 3,200 homes
in
Al Mirfa
, Matt Kwong and Kareem Shaheen report in The National. "The idea is basically to provide proper well-being and comfortable living for the residents," said
Chafiq Allaoui
, the executive director of strategic planning for the municipality.
Limitless
, a development arm of
Dubai World
,
is retreating from its plans to develop the Karachi Waterfront in Pakistan
, Parag Deulgaonkar reports in Emirates Business 24/7.
