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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 28, 2008

Dxb-Lab Awarded D51 Island of World Island

Venture Capital Bank awards D51 Island architecture and ...
Zawya - United Arab Emirates
Dubai, UAE: Venture Capital Bank has granted the architecture and development of D51 Island in The World project by Nakheel to dxb-lab Architecture. Nakheel has approved the preliminary designs. ... Shahab Lutfi leads the development team with his vast experience as the Development Director of Business Bay at Dubai Properties. He has initiated signature ...

Dubai Real Estate Transparency Report

Jones Lang LaSalle Releases Real Estate Transparency Report, MENA ...
Al-Bawaba - Amman,Jordan
Findings of the report showed that Dubai registered the greatest improvement in real estate transparency globally over the last two years, and is also the ...

'Dubai is most transparent real estate market in Middle East'
Thaindian.com - Bangkok,Bangkok,Thailand
According to the report, Dubai's real estate market is more transparent than the BRIC (Brazil, Russia, India and China) markets. ... 

Dubai tops in realty transparency
AME Info - United Arab Emirates
Dubai is the region's most transparent market and the most improved in real estate transparency globally over the last two years, according to a Real Estate ...

Biggest Excavations: Arabian Canal Project

limitless to award canal contracts within weeks
Al-Bawaba - Amman,Jordan
Ian Raine, Project Director for the Arabian Canal said: "Construction of the canal involves one of the biggest excavations ever undertaken in the region.... It will run 2.5km to the west of the Dubai bypass and 5.5km to the east." Earlier this month, Limitless announced that pilot excavation work on the 75km ...

Longest Tunnel in Middle East Contracted to Saif-Samsung

Saif-Samsung JV bag US $815 million tunnel
ArabianBusiness.com - Dubai,Umm al Qaiwain,United Arab Emirates
A joint venture of South Korea-based Samsung Engineering and Abu Dhabi-based Saif Bin Darwish has won the contract for main construction works. ... Under a separate contract, the project also includes the construction of a 500m flyover that will link the city to Al Reem Island, which is currently under ...

MAG 218 Show Apartment at Dubai Marina

Show apartments at MAG 218 property at Dubai Marina ready
Gowealthy.com - Dubai,United Arab Emirates
The show apartments at MAG 218 Tower in Dubai Marina, built by MAG Group Property Development, leading real estate developer in Dubai, are complete. ... The MAG 218 residential tower consists of 555 apartments spread over 66 floors. ...


Dubai Real Estate Property Value up 1000%

Dubai land values have surged by 1000%
AME Info (press release) - United Arab Emirates
The value of property units in the Dubai real estate market are maintaining an upward trajectory, according to the Government of Dubai Land Department, ... The total value of land transactions in Dubai has been increase constantly since 2006, reaching Dhs111.41bn by the end of 2007, a 70% increase

Deyaar Development to Develop and Manage One Za'abeel

Deyaar to develop and manage One Za'abeel real estate development ...
Vista Dubai - Leeds,England,UK
Deyaar Development PJSC, the region's fastest growing real estate company, has signed an agreement with the Investment Corporation of Dubai (ICD), ...

Emaar Development Properties Writes Down $45 Million in USA

Emaar writes down $45m linked to US property

DUBAI - Emaar Properties PJSC, the Middle East's largest real-estate developer, wrote down Dh165 million ($45 million) related to its U.S. unit in the second quarter, Al Mal Capital PSC said, citing an analyst call.

...Emaar is building the Burj Dubai, the world's tallest tower, and plans to construct six hotels, a theme park and 1200 apartments as part of the Las Vegas-style Bawadi project ...

Sorouh Real Estate Profits Dhs Dhs 977 Millions

Sorouh Real Estate registers Dh977 million net profit in first ...
Gowealthy.com - Dubai,United Arab Emirates
... of Shams Abu Dhabi and other projects and acquisition of a strategic shareholding in LLJ Property LLC, the major Abu Dhabi-based real estate agency. ...

Sharaf Foundation: $21.7 Million for Five Projects (Two at Business Bay)

Dheeraj taps Sharaf Foundations for Culture Village & Business Bay ...
GulfNews - Dubai,United Arab Emirates
Dubai: Dheeraj East Coast LLC (DEC), a Dubai-based real estate company, on Monday awarded a Dh80 million piling and shoring contract to Sharaf Foundations ...

DEC awards $21.7m contract to Sharaf
Trade Arabia - Manama,Bahrain
The contract is for projects in its Culture Village and Business Bay. The three projects in the Cultural Village include the purely residential property ...