Morning round-up: Triumph of the investor

As reported here yesterday,

Hydra Properties

has buckled to some demands from its investors, who had formed a group and were putting pressure on the company to adapt to the changing market. Angela Giuffrida has the

. It looks like the investors are not totally happy, with Karl Howard, one of the founders of the

Hydra Investors Group

, saying: "Whatever changes they announce, great, but let's see these changes happen... Let's see them modify the contract and build something. They've made announcements in the press before and have not delivered." Parag Deulgaonkar at Emirates Business 24/7 reports that Hydra

, including putting some projects on hold and redesigning developments to better fit changes in demand.

Arabtec

is moving 2,000 workers (or a third) out of its Nad al Sheba labour camp that was at the centre of an investigative documentary by BBC, Tom Arnold reports in Arabian Business. The plan appears to be to shut the camp down completely, according to

Lakshmi Montgomery

, accommodation and welfare officer of the company.

Deyaar Development

for its distressed asset fund that will buy up properties from buyers who default on their purchases, The National reports. Deyaar is going on a roadshow for the fund in the next couple of weeks, according to

Markus Giebel

, the chief executive. We also have a detailed interview with him where

.

Dubai's offices