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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 21, 2008

Chapal awards Ranya Group Dhs367 Million for Dubai Sports City Project

Chapal awards Dhs367m contract to Ranya Group for the Dubai Sports City project
AME Info 12, July 2008
Chapal is one of the leading real-estate developers with numerous prestigious landmark properties in Dubai and Ajman worth Dhs20bn. The company has selected Ranya Group which is the company with an extensive profile in the construction and architecture fields... Rasheed M. Tabari, of Ranya Group said: 'We are honored to undertake the flagship project of Chapal, and we are confident we will be able to complete the construction work within the stipulated schedule'...

Al Nujoom Islands - Sharjah Initiated

Stage II of the real estate project in the UAE emirate includes ...
Gowealthy.com - Dubai,United Arab Emirates
...to initiate phase II of the Al Nujoom Islands' project in Sharjah, UAE ...Phase II of the real estate project includes infrastructure, as well as phase I of construction works. Al Hanoo Holding's Chairman Sheik Abdullah Al-Shakrah... Workshops are also being organized to discuss the latest developments of the infrastructure in Al Nujoom Islands' realty project, which  ...

Kuwaiti Investment Company Buys Towers on Al Reem Island

Kuwaiti investors pay $926m to enter Reem development
The National - Abu Dhabi,United Arab Emirates
...A Kuwaiti investment company has paid Dh3.4 billion (US$926 million) for four towers on Reem Island in Abu Dhabi, a sign of heightened international appetite for the development despite high prices... Brokers reported recently that Al Reem prices on the primary market hit Dh2,600 per sq ft, versus Dh1,950 on the secondary market. ...

Abu Dhabi Island Projects

Island projects taking shape in Abu Dhabi
The National - Abu Dhabi,United Arab Emirates
...Coconut Island, behind the Intercontinental Hotel, was nothing more than "sea water" at one point, said Mr Hellyer. Now Aldar Properties is reshaping what was originally built in the location to house a 160-room Ritz Carlton resort and about 80 villas for nationals and GCC citizens... Another two are reportedly underway, near the Burj Al Arab hotel, and Nakheel is still finishing number of its announced reclamation projects including Palm ...

AlـMadina Real Estate - Kuwait - Bought Three Towers DHS2.9 Billion

Biz Briefs
Al Watan Daily - Kuwait
KUWAIT: Kuwaiti Islamic investment firm AlÜMadina for Finance and Investment has agreed to buy real estate projects through its units worth 3.4 billion UAE ...AlـMadina Real Estate Development Co purchased three towers for 2.9 billion dirhams, while Sarh AlـMadina Real Estate Co, in which AlـMadina has a 50 percent stake, bought a property for 508 million dirhams...