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Dubai Developers Thrown Retail Lifeline as Home Sales Sink

(Adds Dubai Mall expansion in second paragraph, Emaar chairman’s comment in ninth.)

Feb. 13 (Bloomberg) -- Dubai’s developers, battered by three years of falling prices for homes and offices, are seeking refuge in retail assets as shopping tourism powers the economy.

Emaar Properties PJSC said today it’s expanding the Dubai Mall, the world’s biggest, by 1 million square feet (92,903 square meters) as retail accounts for a growing share of the company’s income. Nakheel PJSC, the government-owned company that restructured $16.1 billion of debt last year, is adding to its Dragon Mart shopping center and trying to raise funds to build a cluster of restaurants and stores at the tip of its Palm Jumeirah artificial island.

“Most developers are looking to build recurring revenues because there are so few property sales happening right now,” said Patrick Gaffney, an analyst at HSBC Bank Middle East Ltd. “The sectors that are doing best are retail and hotels because of strong tourist arrivals.”

Five Key Steps To A Successful Business Succession Plan

The Coach interviews Stephen Reed, CPA, at Cowan, Gunteski & Co., PA on the five key steps to a successful business succession plan. Over 90 ...

Tips On how to Become Successful At Forex Currency Trading? | TIPS SKY

Within the first technique that you should utilize for incomes a lot of cash in forex market is Leverage Forex Buying and selling strategy. For all of those you have to find out about buying and selling strategy. however it’s a must to know foreign currency trading may be very different from stock trading. It’s also equally essential to know when to trade and what to trade in forex....

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Get Rich with Options, Four Winning Strategies Straight from the Exchange Floor
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With this book as your guide, you'll quickly discover how--through safer speculation and hedging techniques--selling options can generate immediate income.

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business buying edition second selling strategy successfully - News


Seagate to Buy Samsung's Hard-Disk Unit Amid Demand Slump
The deal will help the industry's second-largest producer narrow the lead Western Digital Corp. (WDC) took last month when it agreed to buy Hitachi Ltd. (6501)'s storage business, while giving Samsung funds to invest in new businesses such as health

Perella to buy AIG railcar unit for $600m
Perella to buy AIG railcar unit for $600m The deal to sell the rail business is expected to close in the second quarter of this year. Eugene Henneberry, chief executive of the AIG rail business, will continue to run the business under the name Flagship Rail Services.

Brain Dump Revealed as the Impetus for James Schramko's Traffic Grab
Unheard of. The second three modules cost less than a hundred dollars and Schramko believes confident people will take action and buy them. Products of this standard in the internet marketing world sell for between two and three thousand dollars,

Guide: Transition to Optimized Software Licensing in Ten Steps
Second, understand the software licensing methodology. Software licensing is quite different from selling physical objects. Satisfying customer needs and achieving business objectives means understanding key licensing concepts such as license terms,

China Reshapes U.S. Pecan Business
Instead, he is buying up another 500 acres of pecan orchards. In Georgia, he says, pecan orchards hovered between $3000 and $3800 an acre five years ago. Today, they sell for between $4500 and $6000 an acre. While China's appetite for pecans has been a