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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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Tuesday, July 15, 2008

Emaar Pumps $150 m Into Projects

Emaar to infuse $150 m into specific projects
Moneycontrol.com - Mumbai,India
Emaar Properties PJSC of Dubai has decided to pump in $150 million into specific projects of Emaar MGF Land Ltd, the Indian joint venture between MGF ...

Emaar to invest $150m in JV
The Statesman - Kolkata,India
PTI NEW DELHI, July 14: Real estate developer Emaar MGF has got a commitment of fund infusion to the tune of $150 million from Dubai-based Emaar by selling ...

Deccan Plateau EmaarMGF New Project

Dubai to the Deccan plateau
The National - Abu Dhabi,United Arab Emirates
EmaarMGF, the Dubai developer's Indian joint venture, is investing US$1.4 billion (Dh5.1bn) in this development, set on 212 hectares centred on a golf course and sprinkled with 105 villas in three styles – Spanish, Mediterranean and Tuscan ... EmaarMGF is spending $12bn in India in the next four years, developing 55 million square feet of residential projects, 18m sq ft of retail, and 30,000 hotel rooms ...The rocky Deccan plateau provides another key reason why Hyderabad is one of the few cities in India that could conceivably become like a new Dubai. ...

Al-Raha Beach Project $20bn Snatches Laing O'Rouke

Profit jumps at Laing O'Rourke
Building.co.uk - UK
Tony Douglas, chief operating officer, said that the company was continuing with its strategy of 20% growth year on year, with much of this much of this likely to come from the Middle East market where the firm's schemes currently include work on the $20bn Al Raha Beach project in Abu Dhabi. ...

Laing O'Rourke turns to Gulf in the slump
This is Money - UK
O'Rourke said the group's reputation for delivering projects on time and on budget in the UK and bedding down construction businesses in the Middle East, India and Australia had enabled it to increase its order book to £10bn up 12% year on year. ... But it is the world's most vibrant construction market that is fuelling the growth with the group involved in the $20bn (£10bn) Al Raha Beach development and new gateway into Abu Dhabi as well as the new build of shops and apartments in Dubai's Old Town.

DAMAC Properties Awards Zetas ATS 48m Contract for DAMAC Heights

DAMAC Properties Awards Zetas ATS Foundation Technology The ...
Middle East Events (press release) - Dubai,United Arab Emirates
DAMAC has awarded nine contracts in 2008 till date worth over AED 1.14 billion, with many more to follow...DAMAC Heights is a 98 storey residential tower located in Dubai Marina, and was DAMAC's first self branded tower. Overlooking the Palm Jumeirah, ... Through agreements with Zetas and Aedas, DAMAC Properties is working towards satisfying client needs and will continue to reiterate its commitment and focus on completion of projects.

Why Dubai Real Estate Succeeded?

Cityscape Dubai 2008 another guaranteed sell out
Al-Bawaba - Amman,Jordan
In addition to the hugely successful Cityscape Dubai Conference, new this year will be the Real Estate Leadership Strategy Forum and the Facilities & Asset ...

UAE Mortgage Market Set for Massive Growth
Al-Bawaba - Amman,Jordan
"Rising real estate prices are encouraging property buyers to leverage their investments, while low interest rates continue to fuel demand. ...

Abu Dhabi housing shortage raises prices in Dubai
Emirates Business 24/7 - Dubai,Dubai,United Arab Emirates
... market could increase prices higher in the capital in comparison with that in Dubai, HSBC said in its latest report, 'A UAE real estate sector update'. ...

Cornerstone launches complete integrated real estate solutions in ...
AME Info (press release) - United Arab Emirates
... research and portfolio management. Cornerstone Real Estate was established in 2004 in Dubai, and has since expanded to Abu Dhabi, Syria and Jordan.

Leighton eyes new Al Habtoor stake

Leighton eyes new Al Habtoor stake
Arabian Business
Australian construction group Leighton Holdings could increase its stake in the local Al Habtoor Engineering to 51% over time, according to a statement made by the company's chief financial officer, Scott Charlton. ... The company is bidding for projects in the real estate, road and rail infrastructure, oil and gas and marine engineering sectors. ...Leighton's projects in the region included the construction of a $518 million equestrian centre in Qatar; a $63 million contract won in joint venture with Kier International for roads and infrastructure works at the City of Arabia project in Dubailand and a $550 million highway contract in Abu Dhabi.

Nakheel, Dubai Islamic Bank, Select Group and Trump Organization Ventures

Nakheel and Dubai Islamic Bank break ground on first joint venture
GulfNews - Dubai,United Arab Emirates
Dubai: Tashyed, the property development joint venture set up by Nakheel and Dubai Islamic Bank (DIB), has today broken ground on its first landmark ...

Nakheel and Dubai Islamic Bank break ground on first joint venture
Zawya - United Arab Emirates
The ground-breaking was attended by Yousuf Kazim, Managing Director, Nakheel Joint Ventures, Jumeirah Village and Jumeirah Islands and Ayman Adel Kamal, ...

Trump hotel to add to glory of the Palm Jumeirah real estate ...
Gowealthy.com - Dubai,United Arab Emirates
Chris O'Donnell, Nakheel CEO, has shed more light into the terms of the Nakheel-Trump partnership of the Trump International Hotel and Towers realty ...

Select Group launches US$1.6 billion Aquitainia on The World in ...
Business Intelligence Middle East (press release) - United Arab Emirates
Master developer Nakheel constructed The World from 300 land masses to recreate the shape of a world map located 4 kilometres off the coast of Dubai.

Nakheel and Trump Organisation clarify stand on Dubai hotel
GulfNews - Dubai,United Arab Emirates
By Suzanne Fenton, Staff Reporter Dubai: A recent report citing conflict between master-developer Nakheel and the Trump Organisation over the ownership of ...

Al-Seef District Bahrain: Protest Against Real Estate Development

Fishermen to continue reclamation protests
Gulf Daily News - Manama,Bahrain
FISHERMEN at the Seef District coast decided yesterday to continue staging weekly Friday demonstrations in protest over illegal reclamation there. ...

Bahrain's fishermen up in arms against developers
Earthtimes (press release) - London,UK
The Seef area where the Bahrain Fort stands, has been designated as a world heritage site by UNESCO. The fort was the power seat for the 4000-year-old ...

Bahrain: Out of the blue
Telegraph.co.uk- United Kingdom
I see some of these weekenders in the luxurious confines of the Ritz-Carlton Hotel, in the Seef District of the capital, Manama. ...

BD250,000 for Munwer, four
Gulf Daily News - Manama,Bahrain
They were presented with a ceremonial cheque in a ceremony at AUB's headquarters, in the Seef District. Munwer was accompanied by her twin sister Iman and ...

Palazzo Versace Dubai Resort

Palazzo Versace brand in worldwide demand
Al-Bawaba - Amman,Jordan
Palazzo Versace Dubai is an AED 2.8 billion (£395 million/ AU$812 million), 1.4 million sq ft (130,000 sq m) luxury designer resort providing 169 private residences and 213 hotel suites, all furnished with an exclusive line of Versace Home Collection products...  Palazzo Versace Dubai is an AED 2.8 billion (£395 million/ AU$812 million), 1.4 million sq ft (130,000 sq m) luxury designer resort providing 169 private residences and 213 hotel suites, all furnished with an exclusive line of Versace Home Collection products