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Real Estate News Alert is a roundup of the most recent news that gets updated daily to keep you always up to date on the world's most attractive projects in the real estate market from the UAE (Dubai, Abu Dhabi, Umm Al-Quwain, Ajman, Ras Al-Khaimah, Sharjah and Fujairah) and sometimes from the GCC or other countries and from various news sources.


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Sunday, July 13, 2008

75-Kilometer-Long Arabian Canal

'It's not just a canal, it'sa big idea'
The National - Abu Dhabi,United Arab Emirates
The 75-kilometre-long Arabian Canal will join the ranks of the great civil engineering legends of the earth – like the Suez and Panama canals. Yet, unlike its predecessors, Dubai's new US$11bn (Dh40.4bn) canal is being dug solely for its value to property development. On its banks a new city will rise with museums, hotels, apartment buildings, villas, shops – and a population of 1.5 million people.

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