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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 23, 2008

UAE/Ajman New Real Estate Facility

Danube invests AED 50 million in a new facility in Ajman
Al-Bawaba - Amman,Jordan
... high-end commercial projects and budget residential houses strengthening its repute as the newest real estate destination in the UAE. ...


Middle East Economic Digest

Middle East Economic Digest: MEED
Bidders line up for $2bn Qatar-Bahrain causeway Dubai to start work on ... KUWAIT TENDER: Transformer station construction OMAN TENDER: Sewage network ...

Emirates Hills Auction

Emaar Properties is holding an auction of premium plots and villas ...
AME Info - United Arab Emirates
Customers can register interest for participation in the auction for plots in Emirates Hills and Golf Homes in Arabian Ranches, until 6pm on May 23. ...

Platinum Tower Al Seef - Bahrain

Bahrain- BSE seals deal with Pegasus Real Estate
Middle East North Africa Financial Network - Amman,Jordan
... our current freehold projects consisting of Abraj Al Lulu Project, Platinum Tower in Seef and Crystal Heights Project in Juffair," said Al-Mannai.

Platinum Tower financing deal signed
Gulf Daily News - Manama,Bahrain
The Tower will house 128 offices across 29 floors and is located in the heart of the Seef District. From a financing perspective, Reef will offer ...


Nakheel's: Dubai Waterfront - Badrah

Last call for the Dubai waterfront
Easier (press release) - Chester,UK
Until now the Dubai government had reserved all Dubai waterfront land for its own developments, but now for the first time, prime beachfront real estate has ...

Zero tolerance in Dubai
Irish Independent - Dublin,Ireland
Until now, the Dubai government had reserved all Dubai waterfront land for its own developments. Dubai Waterfront is the first time prime beachfront real ...

Nakheel announces new residential district, Badrah on Dubai Waterfront
Gowealthy.com - Dubai,United Arab Emirates
Nakheel, a Dubai World company known for its innovative real estate concepts, has unveiled a second residential district, 'Badrah' on Dubai Waterfront. ...

New Dubai And UAE Project Contracts

aed 3.35 billion construction contract for dubai trade centre ...
Al-Bawaba - Amman,Jordan
DTCD is a truly remarkable project that will create a bold new business landmark at the heart of the UAE, and we are very proud to be involved in its ...

Zabeel Properties to develop food and entertainment venue, Tiara ...
Al-Bawaba - Amman,Jordan
The project promises to become one of the world's most exciting entertainment and leisure destinations adding a distinctive new dimension to Dubai and ...

UAE's Bonyan Group unveils Eye of Ajman project
Middle East North Africa Financial Network - Amman,Jordan
... the new project after achieving 70 percent sales during the first day of the event and following an initial road show held earlier in the week in Dubai. ...

Launch of $200million Eclipse Tower in Dubai Jumeirah Village
Vista Dubai - Leeds,England,UK
The project also introduces another new concept in Dubai, wherein, the moment investors buy an office in the tower, they will be able to move into a fully ...

Turnberry set for makeover after £55m sale
Times Online - UK
Leisurecorp's $7 billion (£3.5 billion) of developments include Jumeirah Golf Estates, an exclusive residential project in Dubai set around four ...


Raha Beach

Construction starts on Abu Dhabi's Strata Tower
Building.co.- UK
The 160m residential tower will be the tallest building on Aldar Properties' Al Raha Beach development under construction by Laing O'Rourke. ...

Abu Dhabi Real Estate Rivals Dubai

Cityscape Abu Dhabi rivals Dubai with deals worth US$36 billion
Mena Report - Amman,Jordan
New records were set on a daily basis at this year's Cityscape Abu Dhabi – the real estate development and investment event of the capital of the United ...


Emaar

Big Gulf projects in N.Africa slow to get off ground
Reuters - USA
UAE firm Emaar's EMAR.DU plan to transform Rabat's tatty Atlantic shoreline is over two years old but the only obvious signs of progress are a patch of ...

Dubai Real Estate Announcements

Dubai World may invest in Thailand's real estate and transport systems
International Herald Tribune - France
Dubai World, an investment company owned by the emirate's government, may invest in Thailand's infrastructure and real estate to tap growth in the Southeast ...

Dubai Real Estate Institute announces executive programme on ...
Select Property - Manchester,UK
The Dubai Real Estate Institute, the first specialised academic real-estate institution in the region, has announced it will offer an executive programme on ...

Leading real estate developer buys land at Palm Jebel Ali and ...
Gowealthy.com - Dubai,United Arab Emirates
AZIZI Investments, the Dubai-based real estate developer, has purchased 920000 sq ft of land worth Dh3.5 billion at The Palm Jebel Ali and Dubai World ...

Sorouh Real Estate acquires stake in Abu Dhabi construction firm
Gowealthy.com - Dubai,United Arab Emirates
Sorouh Real Estate PJSC, one of Abu Dhabi's leading real estate developers, has announced the acquisition of a 60% stake in Pivot Engineering and General ...


Various Real Estate News From UAE

Volume of the Real Estate Financing Doubles in the UAE
Voltaire Network - Saint-Denis,France
"Damac Capital " company has expected the volume of investment at the real estate financing market in the UAE to double by 2011 , to reach 64 billion Dirham ...

DREI announces executive programme on Real Estate Ecology & Green ...
AME Info (press release) - United Arab Emirates
... will share his rich knowledge of domestic real estate markets. As the CEO of Green Destinations, a Swiss-UAE project management company based in Dubai, ...

HCT to Establish Chair - "ALDAR Dean of Business Studies"
Al-Bawaba - Amman,Jordan
Under an agreement signed today, ALDAR will also sponsor five UAE nationals in HCT's real estate management programme. Signalling a new partnership between ...

Residential and commercial buildings at Julfar Towers in Ras Al ...
Gowealthy.com - Dubai,United Arab Emirates
RAK Properties, the most prominent real estate developer in Ras Al Khaimah, UAE, has announced the completion of all construction works of the 3-level ...

World Island

Al-Duaa and A&A Launch Their AED240 Million Residential Project ...
Al-Bawaba - Amman,Jordan
Al-Duaa plans to launch its ambitious project (Al-Dua'a World Islands) on the World Island in September 2008. The project is being uniquely designed to ...

Etihad Airways opens new business lounge
Khaleej Times - Dubai,United Arab Emirates
Al Duaa plans to launch its ambitious project (Al Duaa World Islands) on the World Island in September 2008. DUBAI — Deutsche Messe Dubai yesterday launched ...

Al Duaa unveils Dh240m residential project
GulfNews - Dubai,United Arab Emirates
Al Duaa also has plans to launch Al Duaa World Islands on the World in September. The mixed-use development is valued at approximately Dh2 billion and will ...

Future looks bright for Dutch dredger Boskalis
guardian - UK
... of the Netherlands along with Jan de Nul and DEME of Belgium as well as Boskalis -- have helped build facilities such as Dubai's Palm and World islands. ...

Deyaar

Merrill downgrades DIB citing Deyaar
GulfNews - Dubai,United Arab Emirates
"We are downgrading DIB due to our concerns about an embezzlement case at its real estate associate Deyaar, which it owns 41 per cent of," Merrill Lynch ...

Deyaar saga to go all the way to court
ArabianBusiness.com - Dubai,Umm al Qaiwain,United Arab Emirates
by Amy Glass on Monday, 19 May 2008 COURT DATE: The case against Shahin and other Deyaar employees is likely to go all the way to court, Al-Shaikh said. ...

Amlak, Etisalat, Batelco, Jazeera Airways: Gulf Equity Preview
Bloomberg - USA
Deyaar Development (DEYAAR UH): Dubai's Public Prosecution is likely to prosecute Deyaar's former Chief Executive Officer Zack Shahin for fraud, ...

Dubai could prosecute Deyaar former CEO
GulfNews - Dubai,United Arab Emirates
Dubai: The Dubai Public Prosecution, which is probing Deyaar Development's former chief executive officer for fraud, is likely to take the case to court, ...

Arabtec Contract on Saadiyat Island

UAE - TDIC inks Dh2b realty contract with Arabtec
Middle East North Africa Financial Network - Amman,Jordan
... development and construction of phase one of the exclusive Saadiyat Beach Residences community on Saadiyat Island, offshore Abu Dhabi city. ...

TDIC to build village for 20000 workers
The National - Abu Dhabi,United Arab Emirates
ABU DHABI // The Tourism Development and Investment Company (TDIC) will spend Dh700 million (US$190m) developing its workers' village on Saadiyat Island. ...

TDIC signs Saadiyat villas deal
AME Info - United Arab Emirates
The Tourism Development & Investment Company in Abu Dhabi has signed a Dhs2bn deal with Arabtec for construction of villas on Saadiyat Island. ...


Tameer

Al Salam City put on hold (Article Expired)
Emirates Business 24/7 - Dubai,Dubai,United Arab Emirates
Al Salam City, a Dh30 billion project launched by Dubai-based real estate developer Tameer Holding in Umm Al Quwain (UAQ) has been put on hold, according to ...

BIsB signs $32m murabaha deal (Article Expired)
Gulf Daily News - Manama,Bahrain
The agreement was signed on behalf of BIsB by general manager corporate banking Nadir Mohammed Ibrahim and Tameer by vice-chairman and managing director ...