London Dubai Overseas Property Investment

Al Fara'a Properties has announced its plans to invest within Dubai Waterfront and Dubai Maritime City worth Dhs10bn in the second half of 2008. Al Fara'a Properties has pledged its support for the 'Blue Communities', a model that effectively manages building communities within the coastal areas.

Hamptons International has launched its new sales office in Emaar Square, the exclusive commercial component of Downtown Burj Dubai. will provide clients and investors with a complete range of sales, lettings, mortgage consultancy and brokerage services. Hamptons Emaar Square office will market Downtown Burj Dubai and Business Bay.

Dubai-based Union Properties (UP) is looking at its legal options after a report issued by investment bank Morgan Stanley giving the company a negative rating and claiming that house prices in Dubai were likely to fall, sent its shares plummeting 15% in a week. UP has approached DFM regulator, the Emirates Securities and Commodities Authority, to see if it has any legal recourse.

Business information company Naseba will hold a Real Estate Investment World Summit in Riyadh, on October 19 and 20. The associated exhibition will feature Kuwait Finance House, Abraj Tourism, Dubai Islamic Bank, Nakheel, The Land Holding, Al Oula Development, TMG Holding, Al Rajhi Bank and Palm Hills Developments