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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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Monday, July 28, 2008

Emaar Development Properties Writes Down $45 Million in USA

Emaar writes down $45m linked to US property

DUBAI - Emaar Properties PJSC, the Middle East's largest real-estate developer, wrote down Dh165 million ($45 million) related to its U.S. unit in the second quarter, Al Mal Capital PSC said, citing an analyst call.

...Emaar is building the Burj Dubai, the world's tallest tower, and plans to construct six hotels, a theme park and 1200 apartments as part of the Las Vegas-style Bawadi project ...

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