Dubai World Central plans arm to manage real estate portfolio next year
Zawya - United Arab Emirates
Dubai World Central (DWC) plans to set up a subsidiary to manage its real estate portfolio in the first quarter of 2009, a top company official has revealed. ...Real estate sales at the giant aviation development being built around Al Maktoum International Airport in Jebel Ali are expected to generate revenues of Dh330 billion. The total cost of developing DWC has been estimated at Dh120bn.
Booming real estate sector of Dubai to boast of 3000 towers
Gowealthy.com - Dubai,United Arab Emirates
Dubai will soon be home to the largest number of towers. Almost 3,000 buildings, both mid and high-rise are in various stages of development and construction in Dubai as real estate boom continues in the emirate. Dubai World Central (DWC) will boast of about 1100 apartment towers in its residential cluster and 850 in the commercial zone. ...
Globe and Mail - Canada
As a teenager, Guy Laliberté, co-founder of Cirque du Soleil, left home to busk for change as a fire eater. He took his show on a road that has led him across the world. Now, as two Dubai firms buy in, he remains 'captain of the boat' ...Mr. Laliberté, 48, says the investment by two Dubai entities — a private equity division and the real estate arm of the emirate's sovereign wealth fund — will fortify his company's independence in the years to come. ...
AME Info - United Arab Emirates
The recent announcement of the creation of the International Development and Investment Show (IDIS 09) taking place at the Riyadh International Exhibition Centre from 11 - 13 January 2009 has been welcomed by local and international real estate companies. ...Dubai Shows one of the most well known real estate exhibition organisers in the Middle East, will be handling the UAE and international sales for IDIS 09. ...
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