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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 29, 2008

Northern Emirates Infrastructure Project Dhs 16 Billion

Committee to manage Dh16bn for northern infrastructure
The National - Abu Dhabi,United Arab Emirates
A special committee is being formed to manage Dh16 billion (US$4.35bn) worth of new infrastructure projects in the northern emirates... The ministry was preparing to nominate a consultant who would conduct a study listing the importance of projects under a "master plan", which would be used... Dr Humaid expressed concern that the multibillion-dirham initiative might be at odds with the Umm al Qaiwain Municipality's own development plans ...

Amlak Finance Sells Apertment Developed by Dubai Properties

Amlak Finance sells 235 apartments at SkyCourts
AME Info (press release) - United Arab Emirates
Amlak Finance PJSC, one of the largest real estate financiers in the Middle East, announced that it managed to sell 235 apartments at SkyCourts, a freehold residential project in Dubai... This prime 235 unit complex is adjacent to 'The Villa', a luxurious community developed by Dubai Properties and is opposite to Academic City and Dubai ...'We offered similar competitive financing on the 128 units within the Remraam project and have seen a great demand for all the properties launched including Mogul 202 located in Discovery Gardens.

Global Launches Mushaa Real Estate Company.

KD30 Million Capital and Sharia'a Compliant
Al-Bawaba - Amman,Jordan
Global Investment House (Global) announced today the launch of Mushaa Real Estate Company (Mushaa) with a capital of KD30 million. ...Mr. Omar El-Quqa, Executive Vice President at Global said "The real estate sector is growing at an unprecedented level in the region, and is expected to continue growing. The real estate sector is... He mentioned that Mushaa's strategic plan for the first five years targets ownership and development of five to seven five star equivalent real estate properties in the GCC   ...

Ajman's New Dhs 1.4 Billion Infrastructure Project.

Ajman launched Dhs1.4bn infrastructure projects
AME Info (press release) - United Arab Emirates
'Ajman is claiming a prominent position on the UAE's architectural map following the ongoing infrastructure development projects in the emirate"... Additionally, projects in Dubai and Abu Dhabi accounted for 50% and 30% of the UAE's total construction activities, respectively. ...'A solid infrastructure is being implemented in Ajman with a total investment of about Dhs1.4bn in a bid to attract world-class real estate developers.  ...

Dubai Pearl Development AED 2.5 Billion Hotel Project

Zawya, Dubai - UAE
Dubai: 28th July, 2008: Pearl Dubai FZ LLC, a consortium of investors led by Al Fahim Group rolled out a lavish trip to Paris for 150 investors, offering an exclusive preview of the design and décor of the AED2.5 billion Baccarat Hotel and Residences project that will be completed at the Dubai Pearl development in 2011.... the Baccarat Hotel and Residences at Dubai Pearl will reflect the ingenious handcrafted work of Baccarat...

Another AED 2 Billion Project at Mirdiff Hills

Dubai Investments launches AED 2 billion Mirdiff Hills project
Al-Bawaba - Amman,Jordan
Mirdiff Hills is envisioned as a self-contained community comprising residential apartments, corporate offices and retail outlets. The project, which will have a total built-up area of 2.7 million square feet ...Obaid Al Salami, General Manager of Dubai Investments Real Estate Company, said, "Mirdiff Hills is a landmark project that is poised to become one of the most sought-after mixed-use destinations in Dubai. ...

Venture Capital Bank Awards D51 Nakheel's Island to dxb-lab

Venture Capital Bank awards D51 Island architecture and development to dxb-lab.
Al-Bawaba - Amman,Jordan
...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. ... "Island D51 may well become the boutique resort in Nakheel's World Development", notes Khalid Al Najjar, Partner and Founder of dxb-lab Architecture, ...

 

Arabian Canal Project Starts at Dubai Waterfront

Companies vie to kick off Arabian Canal project
The National - Abu Dhabi,United Arab Emirates
...the 75km Arabian Canal, a US$11 billion (Dh40.37bn) project that will produce one of the world's longest man-made waterways... The 75km Arabian Canal will flow from Dubai Waterfront, pass east of the planned Dubai World Central project's Al Maktoum International Airport and rejoin... The first package involves the excavation of an eight-kilometre stretch of the waterway at the northern end of the inland section of the canal. ...

 

Hill International Holding Talks for JV

Hill International seeks ties with GCC developers
Zawya - Dubai,Dubai,United Arab Emirates
Hill International is holding talks about creating joint ventures with developers in the GCC, a senior official has told Emirates Business. ... We are currently working on Shams Abu Dhabi. It is another very complex project – it is like building a new city. It has marine issues since it is also a ... Hill supports public and private clients on large mixed-use developments, healthcare projects, specialised buildings, infrastructure rehabilitation, transportation and environmental schemes ...

About Hill International: Since its inception in 1976, the company has serviced clients in virtually every construction market sector. No matter how large or small a project, Hill International offers a full range of services across the spectrum of construction markets.