Residential and commercial rents in Abu Dhabi are expected to drop further as homes and offices are built four years after the credit crisis roiled the United Arab Emirates’ real estate market, according to CBRE Group Inc.
In Dubai, a city known for some of the world’s most luxurious hotels and penthouses, developer Union Properties PJSC is looking to tap demand from people who want to visit the sheikhdom without breaking the bank.
Standard Chartered Plc searched for more than two years for new headquarters in Dubai, where more than 40 percent of the office properties sit empty. In the end, the U.K.’s third-largest bank decided to build its own tower.
Joseph Kony, the Ugandan warlord who’s become the subject of a global social-network campaign, is evading capture amid tensions between Central African nations where his Lord’s Resistance Army operates.