NNN Lease Market News
The Dubai Financial Market Real Estate Index, a measure of five developers’ stocks, has slumped 73 percent since mid-2008. The index was up 0.7 percent at 12:54 p.m. today and is still down 9.3 percent this year.
Residential property prices in Dubai, the worst-performing market in the Middle East for the past three years, haven’t yet benefited from political turmoil in other parts of the region, Deutsche Bank AG said.
The Dubai Financial Market (Arabic: سوق دبي المالي) is a stock exchange located in Dubai, United Arab Emirates. It was founded on March 26, 2000.
There are about 57 companies listed (as of August 2007) on DFM, most of them are UAE-based companies and a few dual listings for companies based in other MENA region countries. Many companies allow foreigners to own their shares. Total market cap is around $360bn, which is roughly equal to the market cap of Abu Dhabi Securities Market ($380bn) (as of August 2007). In comparison, the market cap for ExxonMobil (as of Oct. 2008) is $360bn.
During 2004 and 2005, there were significant increases in the volume of shares traded and the share prices of many companies. However, towards the end of 2005 and through the first few months of 2006 the bubble burst and share values dropped by around 60% on DFM, along with similar decreases in most other Persian Gulf stock markets.
Showing posts with label The. Show all posts
Showing posts with label The. Show all posts
Thursday, June 9, 2011
Wednesday, April 20, 2011
D.C.'s Office Market Has Lifted The Values
NNN Lease Market
The strength of Washington, D.C.'s office market, which has lifted the values of some properties to boom-era levels, also has helped busted developments in the nation's capital.
Take the case of two Washington projects by Opus East LLC, a large mid-Atlantic merchant builder that filed for bankruptcy liquidation, along with two other sister companies, in July 2009. Those filings jammed the brakes on about 150 projects valued at more than $1.5 billion across the country. So far, only about a third of those projects have been restarted, sold or completed, according to Dennis Ryan, an attorney for Opus Corp., the parent company.
Among the survivors: the new headquarters of the National Oceanic and Atmospheric Administration and a 400,000-square-foot speculative office building near the new Washington Nationals baseball park. In recent weeks, construction giant Skanska AB restarted work on the NOAA building and began putting the final touches on the office building.
http://online.wsj.com/article
The strength of Washington, D.C.'s office market, which has lifted the values of some properties to boom-era levels, also has helped busted developments in the nation's capital.
Take the case of two Washington projects by Opus East LLC, a large mid-Atlantic merchant builder that filed for bankruptcy liquidation, along with two other sister companies, in July 2009. Those filings jammed the brakes on about 150 projects valued at more than $1.5 billion across the country. So far, only about a third of those projects have been restarted, sold or completed, according to Dennis Ryan, an attorney for Opus Corp., the parent company.
Among the survivors: the new headquarters of the National Oceanic and Atmospheric Administration and a 400,000-square-foot speculative office building near the new Washington Nationals baseball park. In recent weeks, construction giant Skanska AB restarted work on the NOAA building and began putting the final touches on the office building.
http://online.wsj.com/article
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