London Dubai Overseas Property Investment

Property stocks in the Gulf declined on Thursday on concern investigations into corruption at real-estate companies in the UAE may widen, reported Bloomberg.

The government should do more to curb waste using tax as an incentive, a House of Lords committee has said.

Dubai-based Timelinks, an environmental design company, has announced that it will unveil a 'city of the future' at the upcoming Cityscape Dubai which takes place from 6-9 October 2008. The city - called the Ziggurat project - will be in the shape of a futuristic pyramid which, according to Timelinks, could support an entire community of up to one million people by harnessing the power of nature. Timelinks has patented the design and technology incorporated into the project and has applied to the European Union for a grant for technical projects.

Top officials from Dubai-based real estate developer Nakheel are scheduled to visit the United States on 22 August to meet with a number of top US developers and investors seeking investment opportunities in Dubai, according to a press statement. Leading Nakheel on this visit to Los Angeles will be the company's CEO, Chris O'Donnell, and its Director of Sales, Marketing and Customer Service, Manal Shaheen, who will be accompanied by a team of company professionals.

The Nationwide building society, one of the UK's biggest mortgage lenders, hopes to set up in the Irish Republic.