Morning round-up: Island life

The

Nurai

island project, by the developer

Zaya

,

.

Nadia Zaal

, the chief executive of Zaya, showed off the first villa on the island yesterday, which is quite a sight. It's built into a mound facing the sea, with a grass-covered roof as well as a swimming pool and private beach. The island is just off the tip of Saadiyat Island. (We'll post more pictures later).

Up to 30 per cent of the buyers at

Dubai Pearl

at the entrance to Palm Jumeirah

, Alex Delmar-Morgan at Arabian Business reports. This has led the company to ask its shareholders for a loan of up to US$500m to meet construction costs over 2009 and 2010. Last year,

DIFC Investments

invested Dh3bn in the project.

Al Hamra Village in Ras al Khaimah

, Nathalie Gillet reports. Meanwhile, people in RAK are spooked about the property market with widespread fears that some developers will not be able to meet their obligations. Meanwhile, in Ajman, the property regulator is

.

Mubadala Development

, the investment arm of the Abu Dhabi Government,

.