TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

UP PERISCOPE Nakeel Property Assets Underwater Despite Bail-Out

Category: Real estate, Posted:31 Dec 2009 | 06:00 am

In spite of the recent injection by good neighbor Abu Dhabi who provided Dubai with an early Christmas present of US$10 billion to help cover the US$4.1 billion bond of Nakheel property the fact remains there are inherent fundamentals gone haywire.
Aggressive Nakheel is currently underwater (i.e. one of our more favorite real estate terms meaning a property asset has more debt then the value of the asset) continues to be a long term issue. It's doubtful even the late Jacque Cousteau could find a quick solution to this; so certainly one of 2010's most interesting financial stories will be the Middle East power struggle and perhaps even a Great Dubai Sale of international assets.

Other News

Read more

Explorar Brand Spurs Expansion With Koh Samui and Koh Pha-ngan Acquisitions

Category: Hotels, Posted:19 Jun 2022 | 09:22 am Boutique hotel group Pavilion’s experience-focused spin-off Explorar Hotels and Resorts has expanded its growing footprint by acquiring a 125-key resort in Bophut, Koh Samui, and 75-key property in Koh Pha-ngan. Both resorts were previously owned and operated under ‘The Coast’ tagline. The two will be conversions and join an upcoming resort in El Nido, Palawan. […]
Read more

Thailand’s Traveler Restrictions Set to Roll Back 1st July

Category: Hotels|Tourism, Posted:18 Jun 2022 | 09:14 am The wait is over for Thailand’s battered hotel and tourism sectors, with an announcement by the government that the cumbersome Thailand Pass process will be removed by 1st July. Travelers to the Kingdom will no longer be subjected to the online application and approval process. Another restriction for tourists is the Covid-19 USD10,000 insurance requirement, […]
Read more

Thai Group CPN Investing Into 37 New Hotels

Category: Hotels, Posted:12 Jun 2022 | 15:46 pm Thailand’s listed CPN Group (Central Pattana PCL) is set to inject USD288 million into 37 new hotels across Thailand. CPN’s reported strategy is to include hotel components in every new mixed-use retail project across the country. The investment is being targeted into three tiers of hotel assets. The first is a new budget chain Go!. […]
SiaJai logo

Thailand's Leading Homecare Marketplace