Notice to the holders of the U.S.$3,520,000,000 Trust Certificates due 2009 (the “Certificates”) of Nakheel Development Limited ISIN XS0277553052 Unless otherwise defined in this Notice, terms shall have the meaning ascribed to them in the Declaration of Trust dated 14 December 2006 between Nakheel Development Limited (in its capacity as Issuer and Trustee) and Nakheel Holdings-1 LLC, Nakheel Holdings-2 LLC and Nakheel Holdings-3 LLC. More on Nakheel Announcement - 33 hours ago

So last week media commentators were talking about a busy holiday season in Australian property – now it appears that all is doom and gloom again. Frankly I wish newspapers would stop treating the whole of Australia as a single property market and making meaningless broad statements which may indeed to be right for some small part of the sector but is probably incorrect for the other 90% of the Australian property sector! More on Australia Property – Looking at a Quiet Three Months - 4 days ago

Albania has been in the news recently, as the latest country wishing to join the European Union. Greece has always had a complex relationship with its neighbour and Greeks were always a little unsure about Albanians, mainly because so little information seeped across the border from the secretive, Communist state. Now, however, many Greeks welcome this move and believe that their neighbours have earned EU membership; without Albanian migrants, the economy of Greece would be in even worse trouble. More on Albanian Stone Masons, Traditional Greek Stone Houses and the European Union - 4 days ago

With the current limited supply of residential and commercial units in Abu Dhabi, Al Reem Island and Al Raha Beach come to ease the pressure between supply and demand. The property market in Abu Dhabi has been the target of much focus since the global financial crisis hit the news. With Plan Abu Dhabi 2030, the government is keen on building up the emirate as a global financial centre by ushering investment into many of its sectors such as infrastructure, energy, education, and real estate amongst others. The aim is to expand the economy and move away from the dependence on oil revenue. More on Supply Not Catching Up With Demand - 7 days ago

The Dubai property market is in a mess right now, but the implications for the small investor are unclear. Although Dubai is world famous for owning some massive real estate developments in Dubai such as the Dubai Palm Island projects, it has also built up a $100 billion portfolio of assets in international property around the world and if Dubai world defaults on her debts, as is seeming more likely, international creditors wilkk be looking at their overseas assest as a way to recoup some losses. The fact is – it is illegal for foreigners to own land in Dubai, so the offshore properties, which include Turnberry golf resort, and numerous other holdings, including P&O, the British based shipping company, are going to look far more attractive. Prime real estate in the U.K. is the more appealing target for creditors than the desolate, undeveloped patch of desert that was earmarked for the Waterfront project near Dubai. More on Investing in Property in Dubai – What Do the Defaults Mean? - 8 days ago

We are now well into the silly season as far as Australia and New Zealand is concerned. Most kids seems to be out of school and parents are focused on buying, buying, buying. The slightly unusual thing this year there seem to be a fair few people are buying property not just Christmas presents. So what is the property market like in Australia during the Christmas and holiday season? More on Australian Property: Buying and Selling at Christmas - 2 weeks ago

As the scale of the Greek national debt becomes apparent, the need for money has fuelled an intense debate over Greek property taxes and the battle lines between Church and State have been drawn. The Church is the largest property owner in Greece and the government believes that it has enjoyed tax-exemption for long enough and that it should pay its dues. The Orthodox hierarchy, of course, have dug their feet in the sand and stated that they are simply going to refuse to pay the one off windfall tax. More on Greek Property Taxes and the Greek Orthodox Church - 2 weeks ago

Following the announcement on November 25 from the Dubai Government, property developer Nakheel said Monday it has asked for three of its listed Islamic bonds, or sukuk, on Nasdaq Dubai to be suspended until it is in a position to inform the market more fully. “Following the announcement on Wednesday Nov. 25 from the government of Dubai, Nakheel has today asked for all three of their listed sukuk to be suspended until it is in a position to fully inform the market,” it said in a statement on the Nasdaq Dubai. Nakheel is one of two flag ship companies, along with Dubai World, which announced last week that they would seek a debt standstill agreement from creditors, until May 2010. More on Dubai Crash Update 01/12 - 2 weeks ago