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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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Thursday, May 22, 2008

Burj Dubai News

The world's biggest mall to open in Dubai
Select Property - Manchester,UK
The Dubai Mall will launch at the end of August at the Downtown Burj Dubai development. Stores opening at the mall include Harvey Nichols, H&M, ...

UAE's Emaar to construct low-cost housing units
Middle East North Africa Financial Network - Amman,Jordan
... considering a development in Jakarta for a self-contained district around a skyscraper, mirroring the residential and commercial zone around Burj Dubai.

Emaar reveals social housing drive
ArabianBusiness.com - Dubai,Umm al Qaiwain,United Arab Emirates
The move is a shift in strategy for Emaar, which has so far concentrated on luxury projects such as the exclusive $20 billion Downtown Burj Dubai ...

Burj birdman
7DAYS - Dubai,United Arab Emirates
By Ali Al-Shouk A British man has leapt from the Burj Dubai to successfully complete the world's highest BASE jump from a building - and promptly landed ...

Dubai to open world's biggest shopping mall
Opodo - London,UK
The centre will be located in one of the emirate's most significant developments, Downtown Burj Dubai, which will also soon be home to the world's tallest ...

Dubai prepares for world's biggest mall
Just the Flight - Guernsey,UK
Located at the Downtown Burj Dubai development - which will also include the world's tallest building - the mall will house stores such as Harvey Nichols, ...

94th floor Burj Dubai sold for $12 million
Vista Dubai - Leeds,England,UK
Having reached 158 floors and still growing, the world's tallest skyscraper, Burj Dubai has sold 11000 sq ft of office space on the 94th floor to a European ...

Taller, sleeker, greener – future of tall towers to be revealed at ...
AME Info (press release) - United Arab Emirates
Current projects under way or planned include the Burj Dubai, currently holding the record as the world's tallest building, Nakheel's Tall Tower project, ...

Making their mark
Calgary Herald - AB, Canada
Consultants International Limited, which is involved with the construction administration and project execution of Burj Dubai -- the tallest structure in ...

Engineer's career reaches dizzy heights
New Zealand Herald - New Zealand
The Kiwi is in charge of building Burj Dubai, the world's tallest building, in the frantic heart of the United Arab Emirates. This Middle Eastern monster ...

Shams Abu Dhabi

Hill International Receives Two-Year Extension of its Contract to ...
Business Wire (press release) - San Francisco,CA,USA
Shams Abu Dhabi on Al Reem Island is a landmark development within Abu Dhabi in the United Arab Emirates. Close to the city yet offering a self-contained ...

Sorouh acquires stake in LLJ Property
GulfNews - Dubai,United Arab Emirates
Sorouh has projects worth more than Dh45 billion under development, including Shams Abu Dhabi, Al Ghadeer and Saraya. The company last week unveiled the ...

Dubai Marina News

Al-Duaa and A&A launch their AED240 million residential project ...
ArabianBusiness.com (press release) - Dubai,Umm al Qaiwain,United Arab Emirates
... retail space with ample parking and access to all the major hotspots in Dubai like the Dubai Marina, Dubai Internet City (DIC) and Dubai Sports City. ...

Alec wins Dubai trade centre bid
The National - Abu Dhabi,United Arab Emirates
... build the Qasr Al Sarab Desert Resort and Spa in Liwa, Abu Dhabi, along with a Dh646m extension to its original contract at Dubai Marina Mall and Hotel.

Emaar Hospitality Group plans to enter timeshare market
AME Info - United Arab Emirates
... assets such as hotels, serviced residences, golf resorts, polo and equestrian club, recreation clubs, and the Dubai Marina Yacht Club and Marinas.

Emaar 'redefines waterfront living'
Trade Arabia - Manama,Bahrain
Emaar Properties has added a new lifestyle destination to the city with Dubai Marina, the company said in a statement. Dubai Marina, the first and largest ...

Abu Dhabi Opens Investments on Saadiyat Island

UAE enjoys strong relations with France
GulfNews - Dubai,United Arab Emirates
The 24000-square-metre branch of the famous Paris museum is expected to open in 2012 as part of Saadiyat Island's Cultural District project. ...

UAE- TDIC, Arabtec ink MoU on Saadiyat Beach
Middle East North Africa Financial Network - Amman,Jordan
He said that the agreement is for the development and construction of the initial phase of the Saadiyat Beach Residences community on Saadiyat Island near ...

Abu Dhabi opens investment doors
The Financial Standard - Sydney,NSW,Australia
Expected to contain both businesses and homes, the city's biggest island development, the $27 billion, 27 square-kilometre Saadiyat is also expected to ...

Persian Gulf Shares Gain, Led by Al Khaliji, Al-Babtain Power
Bloomberg - USA
The builder of the world's tallest tower, which is in Dubai, won a 2 billion-dirham contract to build villas and town houses on Abu Dhabi's Saadiyat island. ...

TDIC plans Grade 'A' construction village for Saadiyat Island
ArabianBusiness.com (press release) - Dubai,Umm al Qaiwain,United Arab Emirates
The village will house workers of TDIC contractors employed on Saadiyat Island. Covering 40 hectares, the site is large enough to house a village for 20000 ...

TDIC and Arabtec sign deal on Saadiyat Beach
GulfNews - Dubai,United Arab Emirates
... (MoU) with Arabtec Construction for the design, development and construction of phase one of the Saadiyat Beach Residences community on Saadiyat Island. ...

Dh2b construction MOU for Saadiyat residences signed
GulfNews - Dubai,United Arab Emirates
Dubai: A memorandum of understanding has been signed for the Dh2 billion construction of phase one of the Saadiyat Beach Residences on Saadiyat Island off ...

Gulfnews: TDIC's investment at Saadiyat Island stands at Dh10b
Feb 29, 2008 ... The total estimated cost of developing Saadiyat Island is Dh100 billion. TDIC previously said it could invest as much as Dh40 billion in the ...

Al Seef

Century Homes wooing buyers
Gulf Weekly - Manama,Bahrain
The luxury 20-storey tower is nestled in the Seef District close to Dana, Seef, A'Ali malls and is just a short drive away from the City Centre development ...

Tallest tower plan delayed
Gulf Daily News - Manama,Bahrain
Permission to build the 72-storey tower in the Seef District was stalled yesterday when it emerged the project was based on a 2005 plan. ...

Bahrain agency to sell its assets, invest abroad
Gulf Times - Doha,Qatar
The country last year did offer shares in Seef Properties, owner of the island's largest mall, in an IPO. Loss-making national carrier Gulf Air has said its ...

Era Projects signs major tower deal
Gulf Weekly - Manama,Bahrain
The 50-storey complex is situated in the plush part of the Seef District. It will be in close proximity to major bank headquarters, financial institutions, ...

Construction of Bahrain's tallest tower hit by delay
ArabianBusiness.com - Dubai,Umm al Qaiwain,United Arab Emirates
The developers, Al Khaleej Development Company (Tameer), had been granted initial approval from the Manama Municipal Council to build the 72-storey tower in ...

UAE Real Estate 22 May 2008

Real estate developments worth Dh1 trillion are underway in Abu ...
Gowealthy.com - Dubai,United Arab Emirates
The real estate developments in Abu Dhabi are in excess of Dh1 trillion and there is need to regulate the real estate development activities in the emirate. ...

UAE, Libya team up to develop real estate and tourism projects
Gowealthy.com - Dubai,United Arab Emirates
A pact was signed to establish the Libyan-Emirati Holding Company (LEHC) at a total capital of $600 million (Dh2.2 billion) that would focus on developing ...

UAE - 2nd RAK Real Estate & Investment Show launches in May 22
Middle East North Africa Financial Network - Amman,Jordan
(MENAFN Press) Electro Med, a leading exhibition and events management company, has announced that it has gathered the region's leading developers, ...


New Project Dubai: Master Of the Universe

Highway project could face cost overruns
GulfNews - Dubai,United Arab Emirates
"The contractor hasn't submitted any bills new yet. But, I am sure there will be cost overruns, with the increases in the price of building materials ...

Dubai developers are the masters of The Universe
The Australian - Sydney,Australia
... new office and apartment towers, Nakheel, the property behemoth owned by the Dubai ruling family-owned, undertaking the massive land reclamation project ...

100000 Dubai residents face eviction
ArabianBusiness.com - Dubai,Umm al Qaiwain,United Arab Emirates
by David Westley on Tuesday, 20 May 2008 FACING EVICTION: Thousands of Satwa residents will be forced to find new homes as large parts of the area are ...


UAE Real Estate: IPO and JV

Sorouh Real Estate forms joint venture with Abu Dhabi based real ...
Gowealthy.com - Dubai,United Arab Emirates
... the acquisition of a strategic shareholding in LLJ Property LLC, major real estate agency based in UAE capital through share transfer transaction. ...

Jordinvest Concludes IPO Preparations
Al-Bawaba - Amman,Jordan
... Amlak Finance – UAE, Global Investment House, Taameer Jordan and Al Masaken Real Estate Development Company, the company was established in accordance ...


Palm Island

German island sees hope in Dubai
The National - Abu Dhabi,United Arab Emirates
Mr Maydell said Van Oord, a Dutch company that is building the artificial Palm Islands in Dubai, the largest land-reclamation project in the world, ...

Expect the unexpected
ArabianBusiness.com - Dubai,Umm al Qaiwain,United Arab Emirates
Subsequent strong sales of development sites on The World and Palm Islands has vindicated the faith of the islands' builders and reinforced Arabian Travel ...

UAE Real Estate 17 May 2008

Al Gharbia set to become a real estate hotspot (Article Expired)
Emirates Business 24/7 - Dubai,Dubai,United Arab Emirates
The untapped and little explored area covers 60000 square kilometres – equal to 71 per cent of the total landmass of the UAE. Developers are starting to ...

Electro Med Launches 2nd Ras Al Khaimah Real Estate & Investment Show (Article Expired)
Middle East Events (press release) - Dubai,United Arab Emirates
Ras Al Khaimah, UAE - May 19, 2008: Electro Med, a leading exhibition and events management company, has today (Monday, May 19, 2008) launched the 2nd Ras ...

UAE mortgages will double to Dh64bn in 2011 (Article Expired)
Emirates Business 24/7 - Dubai,Dubai,United Arab Emirates
"The resulting increase in the demand for real estate will prolong the current property boom." Damac said 60 to 70 per cent of mortgages in Dubai are taken ...

Property House aims to be one of top five realty firms
GulfNews - Dubai,United Arab Emirates
By Suzanne Fenton, Staff Reporter Dubai: A new global real estate firm, Property House, was launched on Monday in Dubai, aiming to be one of the top five ...

US$1 billion 'Property House' launched
ArabianBusiness.com (press release) - Dubai,Umm al Qaiwain,United Arab Emirates
... real estate and property management company, was launched today by Muhammad Nazir, a leading businessman with diverse investment interests in the UAE, ...

Lulu Island

Quality of completion a critical risk factor for Gulf developers ...
ArabianBusiness.com (press release) - Dubai,Umm al Qaiwain,United Arab Emirates
The conference was accompanying the Cityscape Abu Dhabi exhibition, at which Sorouh unveiled the initial master-plan for Lulu Island, an island long close ...

Al Qudra and Sorouh to expand global portfolios (Article Expired)
Emirates Business 24/7 - Dubai,Dubai,United Arab Emirates
The two projects will be developed by Sorouh, which currently has $17bn (Dh62.3bn) worth of projects, excluding Abu Dhabi's Lulu Island, Egypt and Morocco.


Al Gurm Villas

Al Gurm Villas
Al Gurm Villas. Abu Dhabi, United Arab Emirates. The project consists of a high quality gated waterfront development. The project is located along the ...

Arabian Ranches

UAE's Emaar launches new project
Middle East North Africa Financial Network - Amman,Jordan
... by Emaar Properties showed that the real estate developer has unveiled luxury-style Golf Homes, a limited collection of homes in Arabian Ranches. ...

Emaar Properties has unveiled luxury-style Golf Homes, a limited ...
AME Info (press release) - United Arab Emirates
Apart from the location advantage of being part of the Arabian Ranches Golf Course, the homes also provide residents easy access to a diverse range of ...

Emaar auctions Ranches Golf Homes
AME Info - United Arab Emirates
Emaar is auctioning 18 homes next to the golf course in Arabian Ranches on 24 May. Golf Homes are its luxury villas designed in three styles. ...

Emaar and Bawadi to launch Teema town homes
AME Info (press release) - United Arab Emirates
Emaar's property roster includes the established Arabian Ranches, Emirates Living and Dubai Marina communities, and the flagship Downtown Burj Dubai, ...

Dubai Properties and BoB MoU

BoB signs MoU with Dubai Properties
Trade Arabia - Manama,Bahrain
India's Bank of Baroda (BoB) has entered into a memorandum of understanding (MoU) with Dubai Properties. Under the agreement, the bank will provide home ...

Haz Tower impasse set to end as Damac and Al Zarooni near pact
GulfNews - Dubai,United Arab Emirates
The Haz towers project was launched July 8, 2007, after Damac bought it from Dubai Properties before selling it on to Hilal Al Zarooni. ...

Bank of Baroda signs MoU with Dubai Properties
TopNews - Noida,Uttar Pradesh,India
... (MoU) with Dubai-based real estate company Dubai Properties for financing buyers of the latter's products in the United Arab Emirates (UAE). ...