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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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Monday, July 14, 2008

Master Plan: Dubai Koolhaas

City on the Gulf: Koolhaas Lays Out a Grand Urban Experiment in Dubai
New York Times Blogs - New York,NY,USA
Designed for one of the biggest developers in the United Arab Emirates, Nakheel, Mr. Koolhaas's master plan for the proposed 1.5-billion-square-foot ...

Shams Abu Dhabi: Sorouh Real Estate to Use Sukuk

Sorouh Real Estate launches AED 4 billion Shari'ah compliant ...
CPI Financial - Dubai,United Arab Emirates
The proceeds from the Sukuk will be used by Sorouh to finance infrastructure on Shams Abu Dhabi as well as other Sorouh projects including Saraya. ...

UPDATE 1-UAE's Sorouh to raise $1.1 bln in securitisation
Reuters - USA
"The proceeds from the sukuk will be used by Sorouh to finance infrastructure on Shams Abu Dhabi as well as other Sorouh projects including Saraya," the ...

Sorouh to raise $1.1bn in securitisation
Trade Arabia - Manama,Bahrain
The Islamic facility "is the first to securitise future contracted receivables from sub-developers", including the Shams Abu Dhabi and Saraya developments, ...

Emaar Middle East Projects and News

Emaar awards contracts for Al Nada and Al Ghadeer Villages within ...
AME Info - United Arab Emirates
Emaar Middle East, a leading property developer in the region, has awarded construction contracts for the first two residential villages in its Al Khobar ...

Emaar Middle East awards contracts for Al Nada and Al Ghadeer ...
Zawya - United Arab Emirates
An artist's rendering of Al Khobar Lakes developed by Emaar Middle East in Khobar. Khobar, Saudi Arabia; July 14, 2008: Emaar Middle EastEmaar Middle East, ...

Emaar MGF to receive USD 150 mn investment
Myiris.com - Mumbai,Maharashtra,India
Dubai-based Emaar has given a commitment to real estate developer Emaar MGF of USD 150 million reports Business Standard. The funding will be by the way of ...

Emaar to pump in $150 mn on Indian JV
Business Standard - Mumbai,Maharashtra,India
PTI / New Delhi July 14, 2008, 14:20 IST Real estate developer Emaar MGF has got a commitment of getting $150 million fund infusion from Dubai-based Emaar ...

Emaar to invest $150 mn in Indian JV
Financial Express - Bombay,India
Real estate developer Emaar MGF has got a commitment of getting 150 million dollar fund infusion from Dubai-based Emaar by selling stake to the latter in ...

SEGA Republic at The Dubai Mall brings in high-adrenaline leisure ...
AME Info (press release) - United Arab Emirates
SEGA Republic is the flagship project of the partnership between Emaar Malls Group, the developers of The Dubai Mall, and SEGA Corporation, a global leader ...

Al Mal initiates coverage of Arabtec with 'outperform' rating
Business Intelligence Middle East (press release) - United Arab Emirates
Arabtec has forged relationships with the leading government backed regional developer, Emaar which represents 11% of the current backlog. ...

PRESS DIGEST - Indian Business News - July 14
Reuters India - Mumbai,India
One of Emaar MGF Group's promoters, Dubai-based Emaar is learnt to be investing $150 million to pick 20-25 percent stake each in three real estate projects ...

Is Lombok the next Bali?
Staff.co.nz- New Zealand
News of a new airport and UAE property developer Emaar Properties plans have helped generate interest in Lombok. "I think Bali is too crowded so they need ...

Aldar Properties Awards Contract

Aldar Properties awards Drake & Scull international contract for ...
AME Info (press release) - United Arab Emirates
The two hotels are located on Yas Island, one of the largest natural islands off Abu Dhabi and part of a $40bn development project by Aldar Properties. ...Khaldoun Tabari, Chief Executive Officer, Drake & Scull International, commented:  ...

New Moves & Projects in Dubai and UAE

VERSAR, Inc. Announces New Office in Abu Dhabi, United Arab Emirates
MarketWatch - USA
... of construction projects in the UAE and other Gulf Council Countries. In mid January Versar participated in the INTERSEC Middle East 2008 at the Dubai ...

SpEC opens second office in the country
Economic Times - Gurgaon,Haryana,India
SpEC management team is associated with various projects in UAE, including Internet city, Media city, Knowledge village, Financity city, Dubai Sports city, ...

RAK to develop 2740 MW power generation capacity for new ...
GulfNews - Dubai,United Arab Emirates
"We can guarantee that there won't be any shortage of power, water and gas supplies to new projects and communities," Dr Khater Massaad, chief executive of ...

XERITOWN: New Sustainable Urban Complex for Dubailand
Inhabitat - USA
by Mahesh Basantani Dubai has the knack of adopting green technologies and integrating them into sustainable development projects, giving rise to marvels ...

Metito wins key Nakheel projects
Trade Arabia - Manama,Bahrain
... general manager for Dubai and Northern Emirates, Metito. "Metito has been commissioned to build the extension of the existing plant. This new plant will ...

Property Business 24-7

Casamia to handle Best Eastern's Ajman projects
By Staff Writer
Best Eastern of China has signed a deal with Casamia Star Gesamplanung Real Estate, a German developer and broker, to handle projects worth Dh400 million. Best Eastern signed the agreement for their two upcoming projects, ...

Golf Gardens Abu Dhabi Part of Asset Backed Securities Sale

Abu Dhabi's Sorouh to raise over US$1 billion in securitisation
Business Intelligence Middle East (press release) - United Arab Emirates
... UAE. Sorouh Real Estate, one of Abu Dhabi's leading property developers said on Monday it planned to raise AED4 billion (US$1.08 billion) by selling asset-backed securities that comply with Islamic law to finance infrastructure projects ...than AED45 billion (US$12.3 billion) under development, including Shams Abu Dhabi, the Gate District, Saraya, Lulu Island, Al Ghadeer and Golf Gardens. ...

Ajman's Real Estate Boom and RAK's Biggest Project

Ajman real estate sector witnesses major boom
Gowealthy.com - Dubai,United Arab Emirates
Real estate project worth Dh50 billion, it will cover an area of 10 million sq m on the Ajman coast. The development will also be connected to Dubai via ...

After failed IPO, Gulf parent comes to Emaar MGF's rescue
Economic Times - Gurgaon,Haryana,India
... Dubai-based Emaar is learnt to be investing $150 million(Rs 650 crore) to pick 20-25% stake each in three real estate projects of Emaar MGF. ...

RAK Investment Authority unveils the 'Gateway', RAK biggest real Estate ...
AME Info (press release) - United Arab Emirates
Rakeen Company has launched 'Gateway', one of the biggest property and real estate projects in RAK. Gateway was unveiled during the launching celebration ...

RAK issues guarantee account law (Article Link Expired)
Emirates Business 24/7 - Dubai,Dubai,United Arab Emirates
... for real estate development projects' in the emirate". The decree is on the lines of the trust account rules implemented by the Dubai Government, ...

65 exhibitors to take part in property show
Gulf Daily News - Manama,Bahrain
Among the new exhibitors will be Real Choice, Better Homes, Damac and Global Real Estate. The last edition of Property Arabia and The Worldwide Property ...


Reem Island: Unique's Marina Pearl and Ocean Pearl Towers Lunched

Reem Island, master development in Abu Dhabi
Gowealthy.com - Dubai,United Arab Emirates
... launched two property projects, Marina Pearl and Ocean Pearl, with a combined development cost of Dh1.06 billion on Reem Island, located in Abu Dhabi. ...

Unique unveils Dh1.06b projects on Abu Dhabi Reem Island
GulfNews - Dubai,United Arab Emirates
Abu Dhabi: Dubai-based real estate developer Unique Group has launched two projects with a combined development cost of Dh1.06 billion on Abu Dhabi's Reem Island, Property prices in Abu Dhabi are attractively-valued and there's a lot of scope for appreciation on the Reem Island, given its strategic location to the ...

Wadi Hanifa Developers: Tameer, AlShuala Holding and AlArd Real Estate

Wadi Hanifa valley is central to Riyadh's new property boom
AME Info - United Arab Emirates
Another area of Ajmakan is being jointly developed by Tameer Holding, AlShuala Holding and AlArd Real Estate Development. Across 1.75 million square metres, it includes a shopping centre, hotels and houses. The first phase is scheduled to be completed in 2010 ...

Nakheel's First Phase for Mina Rashid

First phase of land sales of Mina Rashid begin
By Staff Writer
Nakheel, the real estate arm of Dubai World, yesterday said it began the first phase of land sales on Mina Rashid, a redevelopment programme of the old Port Rashid by Nakheel. More than 20 plots have been sold to local, regional and international developers.

Port Rashid (Mina Rashid): Nakheel's Coastal Development

UAE- Nakheel steams ahead with Port Rashid redevelopment
Middle East North Africa Financial Network - Amman,Jordan
(MENAFN - Khaleej Times) Nakheel has revealed the latest progress at its most recently launched coastal development in Dubai, which includes the completion ...

Six vessels to dredge at Port Rashid site (Article Link Expired)
Emirates Business 24/7 - Dubai,Dubai,United Arab Emirates
Six vessels will be deployed to carry out dredging work at the Port Rashid redevelopment in Dubai, Nakheel announced yesterday. Work is expected to start ...


Port Rashid AEB 2.2 Billion Contract Awarded

Nakheel steams ahead with Port Rashid redevelopment in Dubai
Business Intelligence Middle East (press release) - United Arab Emirates
UAE. Nakheel, a Dubai World company... Revealed as a project in January this year, the redevelopment of Port Rashid has been named Mina Rashid...  The redevelopment will build on the culture and heritage of the original port and will be a tribute to the memory of HH Sheikh Rashid bin Saeed Al Maktoum, ...
Nakheel has also announced a major contract win at Mina Rashid awarded to joint venture...