Morning round-up: Let the foreclosures begin


Foreclosures were the theme of the day, following

Bloomberg News


Zainab Fattah



Jesse Downs

, director of research at

Landmark Advisory

, told the

Khaleej Times

the foreclosures were "

". The foreclosures will

, analysts told

Emirates Business 24/7


Photo caption Dubai - January, 2010 - The skyline looking to the east of Sheikh Zayed Road between the Trade Center roundabout and the exchange for Dubai Mall in Dubai January 1, 2010. Photo by Jeff Topping / The National

Dubai rents stabilised in November and December, showing the market is "reaching equilibrium", according to a research note this morning from

Majed Azzam


HC Securities

. Transactions volumes were "robust" at 1,821 units per month, compared to 1,300 units per month last year. Here is the full report:

A week after the opening of the

Burj Khalifa

, a symbol of architectural exuberance, Angela Giuffrida writes in The National that

Say goodbye to buildings shaped like chess pieces.

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