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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, July 18, 2008

Emaar Malls Group: SEGA Indoor Theme Park

Emaar, Sega to develop indoor theme park
InterGame - Oldham,England,UK
By Helen Fletcher Emaar Malls Group, the developer of The Dubai Mall, has teamed up with Sega Japan for a project that will see the mall incorporate an ...Sega Republic will be a two-level, 76,000sq.ft indoor theme park, featuring a diverse line up of rides and amusements, all in a controlled environment designed from the concept stage to entertain all age groups, at all levels  ...

New Power Plant Project in Ajman

MMC Wins UAE Power Plant Deal
istockAnalyst.com - Salem,OR,USA
MMC Corp Bhd has won exclusive rights to build a power plant with a potential capacity of up to 1,000 megawatts in Ajman, the United Arab Emirates (UAE). ..."I'm optimistic that our cross-border investments, such as this power plant project in the UAE, will go a long way towards ensuring sustainable earnings for ...

Dubai Towards New Waveyard Project

Interest grows in Waveyard type projects
Arizona Republic - Phoenix,AZ,USA
...they will travel to the United Arab Emirates in a few weeks to pursue a project... "The project is exactly what they (Dubai's rulers) are looking for," said Dominique Terral, a Dubai-based managing partner with Swiss Private Capital Group, ...Dubai ventures. "We do not anticipate any problem whatsoever" with the Dubai project, Terral said. "Waveyard is something that does not exist any place on the world. ...

Mubadala Real Estate Awards Sowwah Contract to Al-Naboodah Construction

Al Naboodah wins deal for Sowwah infrastructure
GulfNews - Dubai,United Arab Emirates
Dubai: Al Naboodah Construction Group on Thursday said, that it has been awarded the contract for Phase 1 of Sowwah Island infrastructure by Mubadala Real Estate & Hospitality ... the heart of the new central business district, and Reem Island, the company said in a statement, without giving the value of the contract. ...

Abu Dhabi New Property 53% Increase

New property attracts new brokers
The National - Abu Dhabi,United Arab Emirates
...Agents are thriving on a healthy supply of new property, and for the first time in decades Abu Dhabi is building plenty of it. ...Then Sherwoods sent an SMS alert to a database of its customers, informing them that 10 floors of Soho Commercial Tower on Reem Island will be sold before ... Sherwoods was selling each floor for Dh28.5 million upwards...

Gulf Countries to Invest $200 bn into Energy Sector

The GCC countries are prepared to invest in the energy sector as there is a global trend to raise investment to cover the $40 billion required in the sector.... Dr Abdullah Al Amiri, chairman of the Emirates Energy Award, told Gulf News that this amount would be invested "in the next 10-12 years to meet the increase in the Gulf energy consumption." ...While solar energy accounts to only one per cent of world's energy sources at the moment, investments are expected to increase in the sector by almost 50 per cent in two years.
.Trailing the international trend towards renewable energy, the GCC countries are also heading in the greener direction. Read more about: Gulf countries will invest about $200b to boost energy output.

World’s Largest Bridge for Dubai

FXFOWLE Designs World's Largest Spanning Arch Bridge for Dubai
Architectural Record - USA
FXFOWLE can add a bridge to the list of structures it currently is developing in Dubai. The firm's exuberant design for the Sheikh Rashid bin Saeed Crossing was the winner of an international competition sponsored by the emirate's Roads and Transport Authority. ...FXFOWLE is working with the structural engineering firm Parson Transportation on the project. Visually, the Dubai bridge will frame an opera house—a project ...

Dubai Cable Company Plans New Venture

Ducab plans new venture by year-end
Zawya - United Arab Emirates
UAE-based cable manufacturer Ducab will use rising revenues to finance its expansion plans over the next two years and is looking to add another venture to its portfolio by year-end, according to its chairman. ...Ducab has three facilties one in Dubai and two in Abu Dhabi. Last month, Ducab inaugurated two new plants in Abu Dhabi for copper rod production and new ...

Michael Cassel Sorouh's New Director

Sorouh Appoints New Director - Michael Cassel to help steer mixed ...
Al-Bawaba - Amman,Jordan
Michael Cassel joins Sorouh as its new Director of Development and will lead the team delivering mixed use developments, whilst also working to define and shape Sorouh's expanding property development division ... including Abu Dhabi's Lulu Island, SHAMS Abu Dhabi, The Gate District at SHAMS Abu Dhabi, Alghadeer, Saraya and Golf Gardens, all developed in close ...

Robodh to Develop Dheeraj Real Estate

Robodh Contracting to develop Dheeraj Eat Coast' real estate projects
Gowealthy.com - Dubai,United Arab Emirates
Dheeraj East Coast (DEC), one of Dubai's leading real estate companies and Robodh Contracting, one of the renowned contracting companies in the Middle East, ...