The developers behind Tiger Woods Dubai tried to shore up confidence that the multimillion-dirham project was on track yesterday, , following recent media reports in which the world's best golfer said the opening would be delayed at least six months past its originally scheduled opening of the fourth quarter of this year. Tatweer, the division of Dubai Holding that is heading up the project, said "consistent progress" was being made, but declined to provide a completion date. Amlak Finance, the largest mortgage lender in the Middle East, said it lost Dh69 million (US$18.8m) in the first quarter of this year as it set aside funds to cover future potential losses on its property lending book, . The results were better than the previous quarter, though, when the mortgage giant lost Dh204m. Arabtec, the country's largest construction company, hopes to bid for the 100 billion riyal (Dh98.96bn) Kingdom City and 1,100-metre tower project in Jeddah, . Arabtec's chances of playing a role in the Saudi project have risen now that Emaar Properties, Arabtec's main building contractor in the Burj Dubai, has signed a deal to supervise the Kingdom City and Kingdom Tower project. Gulf Capital, an Abu Dhabi private equity firm, has formed a partnership with Related Companies, the US company that built the US1.7 billin (Dh6.24bm) Time Warner Center in New York, to work on several new projects in Abu Dhabi and Riyadh, . The new venture is called Gulf Related and will have its headquarters in Abu Dhabi. Property brokers want new rules about how sellers offer their property, r . Right now, sellers can offer their property though as many agents as they like, leading brokers to sometimes inflate prices. Instead, brokers would like to be able to charge sellers a fee to deter them from listing with others. And, though we can't link to it, there's a delicious Reuters story in the world pages today about the steady decline of property prices in the Big Apple. Prices in the Hamptons, the summer playground for New York's rich, have declined 11 per cent following two decades of steady growth. And new development sales are down 71 per cent in April from a year earlier. Check it out in the dead-tree edition. The bankruptcy filing by US-based Six Flags will have no impact on Dubailand's theme park plans or their openings, . "We can reaffirm that all our projects will be developed and delivered to completion and there is no change in the vision," Dubailand Chief Executive Mohammed Al Habbai said in an e-mailed statement to Emirates Business. The statement follows a story in Monday's National in which the fate of the Dubai project was unclear.