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Real Estate News Alert.

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, May 4, 2008

Ajman unveils AED 220 billion coastal city.

Ajman unveils AED 220 billion coastal city
Al-Bawaba - Amman,Jordan
Ajman today held a VIP groundbreaking ceremony for an AED 220 billion real estate initiative aimed at developing the emirate's coastline into a sustainable ...

Reem Island Canal and Harbour Heights

Development work in progress at Shams Abu Dhabi real estate project
Gowealthy.com - Dubai,United Arab Emirates
Infrastructure work at Shams Abu Dhabi on Al Reem Island, Dh25 billion self-sustaining city of canals and parks built by Abu Dhabi-based Sorouh Real Estate ...

DAMAC Properties announces launch of Harbour Heights at Al Reem Island
ArabianBusiness.com (press release) - Dubai,Umm al Qaiwain,United Arab Emirates
Harbour Heights, to be built as part of Eshraq project within Al Reem Island, is an impressive master development, offering a vast array of luxury amenities ...


Schon Properties and Dubai Properties (DP)

Schon establishes hospitality division
Khaleej Times - Dubai,United Arab Emirates
DUBAI — Schon Properties has established a hospitality division that promises steady returns on funds invested in Schön Suites, a 196-room hotel apartment ...

DP to invite investors for Mohammed Bin Rashid Gardens
Khaleej Times - Dubai,United Arab Emirates
By Jose Franco DUBAI — By the end of this year the Dubai Properties Group will invite local and foreign companies to become its strategic partners for the ...


Nakheel News Alerts

Nakheel and Jafza sign deal on new budget hotel offering in Dubai
GulfNews - Dubai,United Arab Emirates
Dubai: Dubai-based real estate developer Nakheel cemented its partnership with Jafza to pave the way for the opening of one of several innovative budget ...

Tougher stance taken on defaulters
7DAYS - Dubai,United Arab Emirates
Nakheel are still relatively flexible but all the master developers - Nakheel, Emaar and Dubai Properties included - have steadily shortened the time ...

Nakheel's Veneto stage one launch 'is a sell-out'
Trade Arabia - Manama,Bahrain
Nakheel has sold out stage one of its exclusive residential community Veneto, comprising of 716 units, within five days of its launch. ...

First stage of Nakheel's Veneto sold out in 5 days
Khaleej Times - Dubai,United Arab Emirates
DUBAI — Nakheel, a Dubai World company, announced yesterday that stage one of its residential community Veneto, comprising 716 units, has been sold out ...

Khansaheb wins Furjan infrastructure contract
ArabianBusiness.com - Dubai,Umm al Qaiwain,United Arab Emirates
Nakheel has awarded a US $272 million (AED1 billion) infrastructure contract to Khansaheb Civil Engineering to develop the first phase of its ...

Burj Dubai. Super Towers City

Sir Terry Farrell and KM Properties cement partnership with ...
AME Info (press release) - United Arab Emirates
Sir Terry Farrell at the headquarters of KM Properties in Burj Dubai Square. Enjoying a high reputation for their architectural designs, the British firm is ...

Dubai will become city of supertowers
GulfNews - Dubai,United Arab Emirates
... up to 60 per cent less energy," Adrian Smith, who designed Burj Dubai - currently the world's tallest tower - told Gulf News in an exclusive interview. ...

A tale of two futures
ISN - Zurich,Switzerland
In the United Arab Emirates, the spectacular Burj Dubai skyscraper reached its planned height of just over 915 meters early in 2009. ...

Of cash, convoys and Kipling
7DAYS - Dubai,United Arab Emirates
... charges for going overdrawn in one's current account even when you have enough money in your deposit account to buy an apartment in the Burj Dubai. ...

UPDATE 1-Dubai's Arabtec sees '08 revenue up 75 pct
guardian.co.uk - UK
Construction of the world's tallest tower, Burj Dubai, which Arabtec is working on, is four months behind schedule, developer Emaar Properties said in March ...


Dubai Properties News

Emaar plans new five star hotel brand
Economic Times - Gurgaon,Haryana,India
Following the launch of hotels in Burj Dubai, Dubai Mall and Dubai Marina, the group plans to unveil more properties in key cities and tourist destinations ...

Emirates Hotels unveils Green Lakes Apartments
Trade Arabia - Manama,Bahrain
Panoramic views of the Emirates Golf Club and the convenience of easy access to the Dubai Marina, Mall of the Emirates, the Shaikh Zayed Road commuter ...

Luxury Jumeirah Beach project in Dubai disappoints
Malaysia Sun - Malaysia
The forty tower, 7000 apartments on the 1.7 kilometre long, 2.2 million square metres of beachfront, adjacent to Dubai Marina, was handed over to owners ...

Extra $500m in fuel bill fails to dent Emirates' profits
Malta Independent Online - Malta
Emirates Hotels & Resorts has now opened the low-cost family-friendly Harbour Hotel and Residence in Dubai Marina, quickly earning a reputation for quality ...

Business Bay Dubai.

KM Properties announces Artisan Cluster in Dubai
GulfNews - Dubai,United Arab Emirates
... to its $6 billion portfolio in Dubai. The Artisan Cluster in Business Bay is set over four plots with a combined land area of two million square feet. ...

Parallel Roads project enters Dh1.8b phase
GulfNews - Dubai,United Arab Emirates
They will pass through localities such as Zabeel, Dubai International Financial Centre, Burj Dubai, Dubai Mall, Business Bay, Al Quoz industrial and ...


Deyaar Company Arrests.

Keeping the fraudsters at bay
GulfNews - Dubai,United Arab Emirates
While Deyaar, Dubai's third-biggest publicly-traded property company, is being investigated for possible fraud, Abu Dhabi police said last week they were ...

Fourth person arrested in Deyaar embezzlement case
GulfNews - Dubai,United Arab Emirates
By Bassam Zaza, Senior Reporter Dubai: Another employee of Deyaar has been arrested in connection with financial irregularities at the Dubai property ...

Dubai prosecutors see more arrests in Deyaar probe
Gulf Times - Doha,Qatar
DUBAI: More suspects are likely to be arrested as the probe widens into financial wrongdoing at Deyaar Development Co, Dubai's third-largest traded property ...

Deyaar says profit unaffected by probe
Trade Arabia - Manama,Bahrain
Dubai property company Deyaar said police investigation into alleged financial irregularities by some of its employees will have no effect on profit because ...

Gulf markets close in the red; Kuwait up
Gulf Times - Doha,Qatar
Deyaar Development Co shares fell 1.3% to 2.25 dirhams. Dubai prosecutor Khaled Zarouni told Zawya Dow Jones on Tuesday that a fourth person was being ...


Emaar Companies.

GCC corporate governance 'developing rapidly' says Emaar ...
Al-Bawaba - Amman,Jordan
Emaar Industries & Investments' CEO, Dr. Ahmad Khayyat, has today commented on the GCC's corporate governance advancements and has highlighted the potential ...

Emaar may land $800 mn from PE funds for 3 SPVs
Economic Times - Gurgaon,Haryana,India
Emaar MGF, 40% owned by Dubai-based Emaar and 56% by Delhi-based MGF, was forced to withdraw its Rs 7000-crore offering—the third largest in the history of ...

Emaar plans new five star hotel brand (Gulf Business Capsule)
Thaindian.com - Bangkok,Bangkok,Thailand
Dubai, May 3 (IANS) Emaar Hospitality Group, the hospitality and leisure arm of UAE-based real estate giant Emaar Properties, has announced that it plans to ...

John Laing Chief Is Out, Emaar Exec In (Link Expired)
Orange County Business Journal - Irvine,CA,USA
By Mark Mueller Newport Beach-based homebuilder John Laing Homes, two years after being bought by Dubai's Emaar Properties, is seeing the first big change ...

Souk Al Bahar introduces concept cafés and restaurants to Dubai
AME Info (press release) - United Arab Emirates
Souk Al Bahar, Dubai's latest shopping and leisure destination developed by Emaar Malls Group in Downtown Burj Dubai, has rolled out an array of concept ...

His Highness Prince Abdulaziz bin Majed visits KAEC
Al-Bawaba - Amman,Jordan
... Arabian General Investment Authority – the prime facilitator of the project; and Mr Fahd Al-Rasheed, Board Member and Chief Executive Officer, Emaar. ...

India's Adani Power plans $1 bln listing - FT
Reuters - USA
In the aftermath two offerings, including a $1.6 billion one from Emaar MGF Land, were pulled. Some analysts said the Reliance Power IPO price was too high.

Emaar's new hotel to be second tallest building in Downtown Burj Dubai
GulfNews - Dubai,United Arab Emirates
By Shakir HusainStaff Reporter Dubai: Emaar Hospitality Group, a division of Emaar Properties, will build a luxury hotel at Downtown Burj Dubai at a height ...

Al-Mamoura Development.

ALDAR Enters Exclusive Agreement with Taj Hotels Resorts and Palaces
Al-Bawaba - Amman,Jordan
... Al Raha Beach, Coconut Island, Noor Al Ain, Al Gurm Resort, Al Mamoura - the Mubadala Development Company and Environment Agency Abu Dhabi Headquarter ...


Dubai 11 Real Estate Projects.

Dubai to get 5 more super towers in 11 real estate projects
Gowealthy.com - Dubai,United Arab Emirates
The new super towers in Dubai are expected to be completed within 5 years. These real estate projects are designed by Adrian Smith + Gordon Gill Architects. ...

Persian Gulf Shares Rise, Led by Emaar, Barwa Real Estate
Bloomberg - USA
Barwa Real Estate Co. rose to a record after announcing a project in Sudan. ``The interest-rate cuts across the Gulf will reduce borrowing costs and ...

'Unmatched potential in real estate investment in Dubai'
Chandigarh Newsline - Chandigarh,India
BS Sandhu, Chief Managing Director, World Wide Immigration Consultancy Services (WWICS), shared aspects of the phenomenal growth in Dubai's real estate ...

New move on Sharia-compliant hotel chain (Article Expired)
Gulf Daily News - Manama,Bahrain
DUBAI: A financial real estate company is being established to develop plans for an international chain of Sharia-compliant hotels with 150 properties ...


Hope, suspicion as countries fat with cash invest in America
Atlanta Journal Constitution - GA, USA
Dubai, one of the seven United Arab Emirates, has parlayed oil and trading riches into a global network of real estate, industrial, transportation, ...

UAE Real Estate - Rent Increase in Abu Dhabi

DMCCA hosts strata law information session for Dubai developers
Business Intelligence Middle East (press release) - United Arab Emirates
UAE. The Dubai Multi Commodities Centre Authority (DMCCA), which oversees and regulates the DMCC free zone, recently hosted some 170 real estate developers ...

Study reveals 17% rental increase in first quarter of 2008 in Abu Dhabi ...
Gowealthy.com - Dubai,United Arab Emirates
The study reveals that the soaring rents due to the growing demand of real estate as well as increasing construction costs. ...

Reforms urged to curb soaring UAE rents
ArabianBusiness.com - Dubai,Umm al Qaiwain,United Arab Emirates
In the long-term, a radical restructuring of the real-estate market is needed, the report said, with incentives offered to developers who create affordable ...

Damac Properties - Luxury Life Style (Porsche & Harbour Heights.

Luxury Lifestyle Firm Sponsors Porsche
By admin
Introducing innovative and strategic communications tie-ups and leveraging its global presence, DAMAC Properties - the luxury lifestyle provider and Middle East's leading private sector master developer - is sponsoring the German KADACH ...

Damac announces launch of Harbour Heights
Damac announces launch of Harbour Heights.