Dubai has earned two distinct and inverse accolades as it has been declared the fastest declining commercial real estate markets in the world in 2009, while still remaining as one of the most expensive along with neighbor Abu Dhabi.
Dubai office rents plunged 34 percent during the year due to the impact of the economic downturn, the third-biggest decline out of the top 50 markets behind Singapore and Moscow, consultancy DTZ Research said in its annual report.
The city slumped out of the top 10 most expensive cities in the world for …

If you are an employer looking to fill a vacancy, or a real estate agent eager to rent out a shared bed or studio somewhere in Dubai, without paying the cost of a newspaper classified ad, walls are your best bet. A walk around the neighborhoods of Deira, Bur Dubai, Karama and Satwa reveal posters, pamphlets and handwritten notes pasted on building walls, lamp posts and even temporary pavement boards, offering jobs and accommodations.
However, those looking for such free lunches have to be careful now as residents caught sticking advertisement …

Currently Internet Telephony is not publicly accessible and those who use it have to go through a labyrinth of technical mumbo-jumbo with a constant fear of legal prosecution.
However, there is some light at the end of tunnel. According to a report by Gulf News, Etisalat and Du will soon offer the service that allows customers to make international calls over the internet.
Both companies are awaiting final approval and instructions from the country’s telecommunications regulator, the Telecommunications Regulatory Authority (TRA).

Israel has assassinated a senior Hamas military commander in Dubai, an official in the Palestinian Islamist group said on Friday.
Mahmoud al-Mabhouh was killed on Jan. 20, Izzat al-Rishq told Reuters in the Syrian capital Damascus.
 Source: Alarabiya.net English | Middle East

In the wake of credit crunch, Tamweel, the largest real estate finance provider in UAE, is now chasing defaulters abroad.
As reported by the National, an Indian couple has given Dh6.4 million (US$1.7m) worth of cheques to Tamweel to buy a property worth Dh1.3 million in Dubai. However, they got affected by on going financial crisis and fled Dubai to avoid default, prosecution and possible imprisonment.
The couple is now living with a relative in Bangalore and say they have received phone calls from an Indian debt collection agency.
Ludmila Yamalova, …