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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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Friday, May 16, 2008

Shams Project Abu Dhabi

Sales of Gold Increase in Dubai
Voltaire Network - Saint-Denis,France
The real estate " Aradi" Company has launched the project of " The Helices" at "Shams Abu Dhabi" area in " Al-Reem" island with a total cost estimated at ...

UAE Real Estate Coast and Project Expectations

Western talent flocking to UAE
ArabianBusiness.com - Dubai,Umm al Qaiwain,United Arab Emirates
"The slowdown in the West is highlighting the opportunities for employees here in the UAE," said Dobrin, adding that major UAE real estate companies are ...

Abu Dhabi coast to sparkle with Nurai real estate development
Gowealthy.com - Dubai,United Arab Emirates
Zaya, a new Abu Dhabi-based real estate developer, has unveiled Nurai - a private community of limited edition resort beachfront estates and water villas on ...

Pranab hails Dubai firms' 'tailor-made' India projects
Economic Times - Gurgaon,Haryana,India
On its part, real estate giant Emaar stated that its investments in India totalled $1 billion and the company and its Indian joint venture partner MGF ...

Rasyat Real Estate participates in Cityscape Abu Dhabi 2008
Business Intelligence Middle East (press release) - United Arab Emirates
UAE. Rasyat Real Estate, a subsidiary of leading Saudi company Mohamed Al Nahdi Real Estate Group, today announced its first ever participation in Cityscape ...

Damac Properties Awarda Contract to NSCC 16 May 2008

Now buy Dubai property from your local agent
Sify - Chennai,Tamil Nadu,India
Dubai-based luxury real estate developer DAMAC Properties has appointed local agents in Gujarat to harness the investment opportunities in the region. ...

Damac Properties awards Dhs22.9m enabling works contract to NSCC ...
AME Info (press release) - United Arab Emirates
Damac Properties, the largest private master developer and luxury lifestyle provider, has awarded Dhs22.9m contract to NSCC Foundation Engineering for its ...

Tameer Developer

Saudi firm's $1.8bn tourist development
The National - Abu Dhabi,United Arab Emirates
The project is a joint venture between The Land, the Alshoula Holding Group and the Dubai-based developer Tameer. "The Land will be providing 65 per cent of ...

Exclusive TAMEER properties to be sold at Cityscape Abu Dhabi 2008
AME Info (press release) - United Arab Emirates
Leading real estate development firm, TAMEER, is participating in the Cityscape Abu Dhabi real estate exhibition that is taking place today, May 13 - May 15 ...

Omar Ayesh steps down as Tameer Holding President
GulfNews - Dubai,United Arab Emirates
Dubai: Omar Ayesh, founder and president of Sharjah-based developer Tameer Holding, has decided to step down as company president, in order to allow other ...

A Global Hub: UAE Real Estate

Tamweel CEO: Thriving business, rising population to fuel region's ...
Al-Bawaba - Amman,Jordan
The Middle East will continue to witness a surge in demand for real estate over the next three years, the UAE's largest provider of real estate finance said ...

FutureBrand to showcase third annual Gulf Real Estate Study during ...
AME Info (press release) - United Arab Emirates
"GRES has become an essential reference for the regional real estate industry, especially in the UAE where the real estate sector is expected to post a ...

Abu Dhabi real estate expected to be in under-supply until 2011
Business Intelligence Middle East (press release) - United Arab Emirates
Jones Lang LaSalle concludes that the growth factors are so strong in the UAE capital that under-supply is likelty to be a feature of all real estate ...

Record turnout at Cityscape Abu Dhabi
Trade Arabia - Manama,Bahrain
The Cityscape Abu Dhabi, the premier real estate development and investment event of the UAE capital, opened to record attendance with a 120 per cent ...

Cityscape China 2008 featuring world renowned real estate projects
Antara - Antara,Indonesia
... real estate investment and development event -- will showcase numerous high profile projects including those of US-based MGM Mirage (NYSE: MGM), UAE's ...

Tameer's Silver Tower real estate development to start ahead of ...
Gowealthy.com - Dubai,United Arab Emirates
Tameer Holding, a leading real estate company in the UAE, has announced that construction of its Business Bay development in Dubai, Silver Tower, ...

Noor Islamic Bank Leads Ijara Facility for AIG Global Real Estate
Property World (press release) - Dubai,United Arab Emirates
A landmark transaction, this marks AIG Global Real Estate's first investment in the UAE, as well as its first Shari'ah-compliant investment. ...

Connection Real Estate set to make history by building the first ...
ArabianBusiness.com (press release) - Dubai,Umm al Qaiwain,United Arab Emirates
Connection Real Estate, a UAE-based real estate development company, is in the final stages of planning for the construction of Connection Towers-the first ...

Dubai Properties 16 May 2008

Bank of Baroda Enters into Memorandum of Understanding with Dubai ...
AME Info (press release) - United Arab Emirates
Bank of Baroda, India's international bank has entered into a Memorandum of Understanding (MoU) with Dubai Properties, the region's leading real estate ...

AMS to offer sale of projects worth over Dhs1bn at Cityscape Abu Dhabi
AME Info (press release) - United Arab Emirates
Among AMS' clients are leading property owners and developers in the region including Dubai Properties, Abu Dhabi Trade Centre, Manazel Real Estate, ...

Women role hailed
Trade Arabia - Manama,Bahrain
The prominent role of women in business was highlighted by Dubai Properties Group executive director of human resources Fareda Abdullah at a forum. ...


RDK to Design Buildings on Al-Reem Island

RDK signs Foster + Partners to design buildings on Al Reem Island
ArabianBusiness.com (press release) - Dubai,Umm al Qaiwain,United Arab Emirates
... Dubai and the western regions of the country. Its first major project, Two Towers in Dubai's Emirates Hills Second area, is due to be handed over soon.

UAE (Dubai/Abu Dhabi) Real Estate and More...

Abu Dhabi puts its best 'footage' forward
Al-Bawaba - Amman,Jordan
New records are expected to be made at Cityscape Abu Dhabi – the premier real estate development and investment event of the capital of the United Arab ...

Deepika Padukone is brand ambassador for Dubai-based Aspire Real Estate ...
Gowealthy.com - Dubai,United Arab Emirates
It is an honor to be referred to as the rising star of Dubai real estate industry, and with a true rising star like Deepika as the new face of the Aspire ...

Emerging markets invest $1.7trillion in real estate
Trade Arabia - Manama,Bahrain
Dubai, where the real estate boom originated, is a market waiting for the impact of oversupply, but construction delays may create a soft landing. ...

Reef Real Estate Investment Company to invest Dh2 bn in UAE's real estate ...
Gowealthy.com - Dubai,United Arab Emirates
Reef Real Estate recently launched Baynonah Business Towers to be constructed in Jumeirah Village and Park Residence at downtown Jebel Ali, Dubai. ...

Anticipation Grows for Mina Al Fajer Resort Ahead of Property Show
Al-Bawaba - Amman,Jordan
... the real estate sector in the UAE. "And they have increasingly been looking at opportunities outside of Dubai and Abu Dhabi where emerging developments, ...

Dubai's Emaar Q1 apartment margins rise
Reuters - USA
... with their construction fell as its $20 billion Burj Dubai project neared completion. Emaar, the largest Arab real estate developer by market value, ...

Realty sector has a four-phase cycle (Article Expired)
Emirates Business 24/7 - Dubai,Dubai,United Arab Emirates
When one travels the world to talk to investors about the Dubai real estate market, the usual first question arises: "When does the bubble burst? ...

$231m Sharia fund launched
Gulf Daily News - Manama,Bahrain
The fund, which takes diversified exposure on developmental and income generating real estate assets in Central and Eastern Europe, has a term of five years ...

Al-Reem Development Abu Dhabi

Dar Al Dhabi Real Estate participates at Cityscape Abu Dhabi 2008
Business Intelligence Middle East (press release) - United Arab Emirates
... will reveal details about the five-plot project which is strategically located on the prestigious Najmat Abu Dhabi development on Al Reem Island. ...

Al Badie Group finalising deals on US$200 million Reem Island project
Business Intelligence Middle East (press release) - United Arab Emirates
... has confirmed that it is finalising deals with a contractor and an engineer this month to begin work on their Al Reem Island project, the Beach Towers. ...

Al Raha Beach Development

Four Lintec batching plants for Al Raha
Trade Arabia - Manama,Bahrain
Aldar-Readymix Abu Dhabi Ltd (RMAD) has recently commissioned two top-of-the-range Lintec CC 3000 D concrete batching plant for its Al Raha beach ...

Developments of New Projects in Dubai - UAE

Ifa hotels & resorts and nakheel sign second joint venture agreement
Al-Bawaba - Amman,Jordan
Talal Jassim Al-Bahar, Chairman and Managing Director of IFA HR, stated "We are very pleased to be partnering with Nakheel on this new project. ...

Pakistan seeks big housing investment
GulfNews - Dubai,United Arab Emirates
"So far about six countries have shown interest in building the houses under a new project 'A house for every Pakistani family' launched by Prime Minister ...

Laurent Jeanjean appointed Vice President of Universal City Dubailand
AME Info (press release) - United Arab Emirates
Tatweer, a member of Dubai Holding, today appointed Laurent Jeanjean as Vice President of Universal City Dubailand, the 22 million sq ft development ...

The Sun Should Soon Shine on MGM Mirage
Seeking Alpha - New York,NY,USA
The Company continues to expand and has announced a new mixed use Dubai resort (see gulfnews.com). The project is expected to be completed in 2012. ...

MBI showcases AED1 billion landmark project in debut participation ...
ArabianBusiness.com (press release) - Dubai,Umm al Qaiwain,United Arab Emirates
Nestled in Al Bahia area amidst new developments in Abu Dhabi such as Al Raha Beach, Yas Island, and Khalifa A and B Cities, Deerfields Town Square will ...


Reem Island Abu Dhabi

Abu Dhabi unveils its new financial district
Kipp Report - Dubai,United Arab Emirates
The National says the Sowwah Square district, situated on Sowwah Island between Reem Island and the main island of Abu Dhabi, will be the core of a new ...

Khalifa reviews Al Sowwah Island development plan (Article Expired)
Emirates Business 24/7 - Dubai,Dubai,United Arab Emirates
The 105 hectare island, with Mina Zayed and Al Reem Island, is at the core of the new Central Business District – a major part of Plan Abu Dhabi 2030. ...


Al Fara'a Properties Launches Image Residence Dhs 505 Million

Al Fara'a Properties launches Dhs505m 'Image Residences' project
AME Info (press release) - United Arab Emirates
Al Fara'a Properties, the flagship subsidiary of the Al Fara'a Construction, Industrial and Property Group, has announced the launch of 'Image Residences', Al Fara'a Properties website

Aseel Expansion in Abu Dhabi

Aseel kicks off expansion in Abu Dhabi (Article Expired)
Emirates Business 24/7 - Dubai,Dubai,United Arab Emirates
Launched as a joint venture between four of Abu Dhabi's leading business names – First Gulf Bank, Aldar Properties, Sorouh Real Estate and Reem Investments ...


Nakheel Development

IFA, Nakheel sign $1bn resort deal
Trade Arabia - Manama,Bahrain
IFA Hotels & Resorts (IFA HR) has announced its second joint venture partnership with Nakheel for the development of a $1 billion resort. ...

On the Waterfront
ArabianBusiness.com - Dubai,Umm al Qaiwain,United Arab Emirates
by Bianca Brigitte Bonomi on Saturday, 10 May 2008 Construction Week visits the construction site of Nakheel's epic Waterfront project, which will be twice ...

Sultan Ahmed bin Sulayem views model of Nakheel's waterfront ...
Gowealthy.com - Dubai,United Arab Emirates
His Excellency Sultan Ahmed bin Sulayem, Chairman of Dubai World and Executive Chairman of Nakheel, one of Dubai's leading real estate developers, ...

Can We Afford Jumairah Beach Residence?

ASGC: why we can afford to be choosy (Article Expired)
Emirates Business 24/7 - Dubai,Dubai,United Arab Emirates
... Six at Jumairah Beach Residence, 12 residential and commercial buildings and a luxury hotel at Bay Square, Emirates Crown Tower and the Twin Towers. ...

Dubai Business Bay and Universal Museum Projects

Fakhruddin finalize the piling at AED800m Lake Central - UAE
Middle East North Africa Financial Network - Amman,Jordan
Several market studies drive home the fact that Dubai is in need of 30-40 million square feet of commercial spaces annually; and though up to 6-7 million ...

Mohammed announces Universal Museums project
Emirates Business 24/7 - Dubai,Dubai,United Arab Emirates
It will be located in the Khor Dubai area, a 27km stretch from Shindagha to Business Bay, housing museums, performances areas, artist ateliers and galleries ...


Raha Beach Abu Dhabi

ALDAR To Showcase Landmark Development at Cityscape Abu Dhabi
Al-Bawaba - Amman,Jordan
ALDAR Properties PJSC, the leading Abu Dhabi-based fully integrated property developer, is showcasing Al Raha Beach, one of its landmark developments, ...

AZ Property Guide (Abu Dhabi) to be launched in Cityscape on the ...
AME Info (press release) - United Arab Emirates
Above all, information on all key real estate developments such as Reem Island, Al Raha Beach, etc. will be covered. Dr. Ali Matar (Editor in Chief) ...

Dubai Real Estate Tower Shelved

Tatweer Towers, realty project in Dubailand, shelved
Gowealthy.com - Dubai,United Arab Emirates
Mizin, a member of Dubai-based real estate developer Tatweer, has suspended operations on its Tatweer Towers project in Dubailand, a master development ...

Al-Futtaim Capital closes Dhs1.84bn fund
AME Info (press release) - United Arab Emirates
The Funds will leverage Al-Futtaim Group Real Estate's (AFGRE) capabilities in development – the expertise that is behind the success of Dubai Festival City ...


Emaar Company News

Emaar Middle East to launch first residential village at Al Khobar ...
Gowealthy.com - Dubai,United Arab Emirates
Emaar Middle East (EME), a subsidiary of Emaar Properties based in Dubai, will launch the first residential village within Al Khobar Lakes real estate ...

Emaar Middle East launches Al Nada, the first residential village ...
Al-Bawaba - Amman,Jordan
Eng. Alaa Abdullah Saed, Chief Executive Officer, Emaar Middle East, said: "Al Khobar Lakes is one of the largest gated communities in the Kingdom of Saudi ...

Saudi Emaar awards $53m construction deal
Trade Arabia - Manama,Bahrain
Emaar Properties' Saudi affiliate said on Sunday it had awarded a $53.1-million contract for the construction of four residential towers in King Abdullah ...

Nineteen, at The Montgomerie, Dubai, part of the Emaar Hospitality ...
AME Info - United Arab Emirates
The elegant restaurant offers diners the opportunity to enjoy a long drawn out lunch, in the comfort of an intimate setting overlooking the 18th hole. ...

Emaar signs SR200m deal for KAEC residential towers in KSA
Middle East North Africa Financial Network - Amman,Jordan
(MENAFN - Arab News) Emaar, The Economic City (Emaar.EC), has awarded a SR199.09 million contract to Mubark Al-Gethmi Contractors for constructing the ...

Al-Mamoura Office Abu Dhabi

Al Mamoura open for business (UAE)
ALDAR Properties PJSC, the renowned Abu Dhabi-based international property developer, today announced completion of the first phase of the Al Mamoura office ...

Dolphin Towers Dubai

Dolphin Towers : Overview
Dolphin Towers will be located between Dubai and Abu Dhabi at Al Raha beach. The true statement of the finest and the most rewarding lifestyle, Dolphin Towers, is the new prestigious address in Abu Dhabi, offering three mixed use towers with apartments, town houses and boutique retail space...


World Island Project Dubai

Oqyana island project masterplan unveiled at ATM
ArabianBusiness.com - Dubai,Umm al Qaiwain,United Arab Emirates
Part of The World island development off the coast of Dubai, Okyana makes up the Australian continent and New Zealand islands of the development. ...

UAE Real Estate Sales Lunch

Al Qudra Real Estate announces sales launch of Amber Tower
AME Info (press release) - United Arab Emirates
"Amber Tower is Al Qudra Real Estate's first development targeting both UAE and expatriate end-users and investors." said Claus Peter Rees, Acting CEO, ...

UAE: Abu Dhabi Real Estate Appreciation

Tourism Development & Investment Co (TDIC) enters residential real ...
Business Intelligence Middle East (press release) - United Arab Emirates
TDIC said it believes Saadiyat Island's residential offerings will become a benchmark within the UAE capital's real estate segment which is witnessing ...

Abu Dhabi real estate to appreciate by 30% in 2008
Gowealthy.com - Dubai,United Arab Emirates
This plan involves development of real estate projects in the city in line with real estate laws and urban & environmental planning. ...

TAMEER President to step down
ArabianBusiness.com (press release) - Dubai,Umm al Qaiwain,United Arab Emirates
... Maktoum Business Award in the Real Estate Development category, in recognition of the firm's significant contributions to the UAE's real estate sector ...

Cornerstone Real Estate to have extensive presence at Cityscape ...
AME Info - United Arab Emirates
Cornerstone joined a number of Pension Funds representatives from the UAE but was one of few real estate companies to be representing the Middle East ...

UAE debut for $3.5 billion Moscow project
ArabianBusiness.com (press release) - Dubai,Umm al Qaiwain,United Arab Emirates
... view that the UAE is an ideal location for us to seek development and investment partners. "Russia, too, is an attractive rising market for real estate ...


Dubai To Become World's Marine Destination

Dubai to become world's leading maritime destination, says DIMC chief
AME Info - United Arab Emirates
The new project, an island in the shape of Shamu, Sea World's famous killer whale, will occupy a section of Palm Jebel Ali known as "the Crown" and the the ...


Saadiyat Island Project

TDIC enters residential real estate sector expressions of interest ...
ArabianBusiness.com (press release) - Dubai,Umm al Qaiwain,United Arab Emirates
"It also represents a major milestone in the development of Saadiyat Island." The limited Phase One release comprises a range of unparalleled investment ...

Dubai Real Estate Institute

DREI Holds Partnership Talks with UK-Based Royal Institution of ...
Al-Bawaba - Amman,Jordan
Dr Salem Alshafiei, Managing Director, Dubai Real Estate Institute (DREI), recently met with David Tuffin, President of the UK-based Royal Institution of ...

Aldar Property Developer

Aldar appoints architect for island
ArabianBusiness.com - Dubai,Umm al Qaiwain,United Arab Emirates
by Conrad Egbert on Saturday, 10 May 2008 Abu Dhabi-based property developer Aldar has appointed RW Armstrong & Associates as 'architect of record' for its ...

Nakheel Projects

Nakheel begins Lake District (Article Expired)
Emirates Business 24/7 - Dubai,Dubai,United Arab Emirates
Nakheel, the real estate arm of Dubai World, has commenced construction work on Lake District, a 26-acre residential community, with sales starting next ...

`Dubai to become top marine tourism destination`
Zee News - Noida,Uttar Pradesh,India
Director of Marinas at real estate giant Nakheel and managing director of Dubai International Marine Club Saeed Hareb said the colossal projects like ...

INTERVIEW-Fontainebleau Resorts bets big despite downturn (Article Expired)
Forbes - NY,USA
And Dubai-government owned property developer Nakheel recently invested $375 million for a 50 percent interest interest in the Fontainebleau Miami Beach ...