Emaar International Jordan Contract for Samarah Dead Sea Resort

Emaar hires local construction firm
Trade Arabia - Manama,Bahrain
Engineering Enterprises Company (EEC), a Jordanian company, has won the contract to build three buildings in Rift Living, which is part of the Samarah Dead Sea Resort, developed by Emaar International Jordan.... The contract was awarded by the Dead Sea Touristic and Real Estate Investment Company, a venture of Emaar Properties and a group of regional and Jordanian... Emaar's expansion to Jordan is in line with its Vision 2010 to become one of the most valuable companies in the world through geographic expansion and business segmentation ...

AED 8.8 Trillion: GCC Real Estate Development Value and Growth

GCC real estate projects under construction worth over AED 8.8 Trillion.
Al-Bawaba - Amman,Jordan
The total value of real estate projects under construction in the GCC is worth more than AED 8.8 trillion, according to latest industry research. ...Further, the company has delivered its high quality products to major property developments by real estate leaders in the UAE, such as Emaar and Nakheel, ...

 

Ajman is the latest booming real estate market in UAE with many ...
Gowealthy.com - Dubai,United Arab Emirates
Peace Builders and Developers, real estate development firm based in Ras Al Khaimah, has launched their maiden project, Dh60 million worth Peace Tower, ...

 

Weaker oil price won't erode Gulf growth-economists

gardian.co.uk - UK
DUBAI, Aug 3 (Reuters) - Recent weakness in oil prices will not dent economic growth in the Gulf Arab states... Gulf investors, including sovereign wealth funds, have pumped well over a trillion dollars into overseas investments such as real estate and stocks. ...This has allowed Gulf Cooperation Council members to invest heavily in real estate, infrastructure and to promote development of manufacturing and petrochemicals ...

10 Billion for UAE Power Generation Demand

UAE needs to spend over USD 10 billion to address demand for Power
Al-Bawaba - Amman,Jordan
The UAE needs to spend more than USD 10 billion to meet soaring power demand, with Business Monitor International (BMI) predicting that the country will account for 5.77 per cent of regional power generation by 2011... In response to escalating demands, the UAE Government has announced plans to expand its 10-gigawatt production capacity by more than 50 per cent by 2017. ..."The swelling demand for power in the UAE is being fuelled by the rapid increase in population and unprecedented growth in the nation's economy, all of which requires tremendous amounts of electricity," said ...According to the Dubai Electricity and Water Authority (DEWA), power consumption in the emirate in 2006 rose by nearly 30 per cent....

Dhs1.6 Billion - Al-Bawadi Project at Dubailand Awarded by Emaar

Arabtec awarded Dubailand contract
The National - Abu Dhabi,United Arab Emirates
Arabtec Holding, the largest construction firm in the UAE by market value, has been awarded its second contract in a month from Emaar Properties – a Dh1.6 billion (US$435.6 million) deal to build 1,437 villas at the Bawadi project in Dubailand. ...Emaar and Tatweer are developing 6.5 million square metres of land at Bawadi, a project that has an overall investment of Dh200bn and is set to be the largest hospitality and leisure development in the world ....development in Dubai as well as a Dh638m contract from Cayan Investment and Development for the construction of two residential towers at Dubai Marina. ...But its largest contract this year was a Dh10bn deal to build the 400-metre-tall Okhta Centre in St Petersburg on behalf of Gazprom Neft, the oil subsidiary of the...

 

Durrat Marina Reclamation Project, Durrat Al Bahrain Development

Bahrain- Durrat Marina on fast track waves
Middle East North Africa Financial Network - Amman,Jordan
(MENAFN - Bahrain Tribune) With the completion of Durrat Marina reclamation project, Durrat Al Bahrain a $6 billion luxury residential, commercial and tourist resort development in South of the Kingdom has entered into a new era of progress and development. ...The project is the first mixed-use marina development of its kind in the Middle East. ..."The reclamation work has been at a challenging phase for Durrat Marina. ...Durrat Marina is already considered as one of the best marinas within the region. ...Jassim Al Jowdar, CEO, Durrat Al Bahrain said: "We are delighted that the reclamation work came to an end at the unique marina project... 

One of the most luxurious real estate projects in the Gulf, Durrat Marina is the joint venture of Al Khaleej Development Company (Tameer) and Durrat Al Bahrain.

 

Durrat Marina reclamation work over
Trade Arabia - Manama,Bahrain

Durrat Marina, a joint venture between Al Khaleej Development Company (Tameer) and Durrat Al Bahrain, has announced the completion of the reclamation work, which had started in last quarter of 2007. ...Bahrain's most inspiring development, Durrat Al Bahrain is deemed as a hallmark resort island city of the 21st century, he said....

Dubai Real Estate Companies - Market Briefs & Expectations

Bonyan projects deliver record ROI
Trade Arabia - Manama,Bahrain
Bonyan International Investment Group, one of the leading real estate companies in the Middle East, has said it has... Investors, the company said, have benefited particularly from the 'Sama Al Jaddaf' community project, a 215-plot master development... "Bonyan International Investment Group offers one of the highest ROI among developers, which makes it a popular choice for local, regional and international investors seeking high-yielding investment opportunities. ...The growth in the real estate sector in Dubai shows no sign of reversing its upward trend with the growing demand generated by a steadily increasing ...Bonyan has pioneered one of the first towers for long-term lease in Sharjah and was responsible for building a number of luxury residential and high profile commercial developments in the UAE, Qatar and Lebanon.

 

Kerala buyers are in wait-and-watch mode
Business Line - Chennai,India
The latest round of rate hikes announced by the RBI in its credit policy has come as a big dampener for the Indian real-estate sector... "The demand-supply equilibrium in the real-estate sector is likely to be skewed as retail investors begin to defer their investment decisions... Several housing and real-estate companies have begun to offer freebies for customers who book their villas and flats. Freebies such as trip to Dubai for two... "As the price rise in the real-estate sector seems to have eased off and interest rates are at their highs, it makes better sense to wait and watch before entering the market... As real-estate prices hardened over the past couple of years, there was lots of money for the making. When new projects were announced... But a faltering real-estate sector could arrest the lucrative cycle of buying and selling. ..."Moreover the rainy season has never been the peak period for the real-estate industry in the country. We expect demand to... With specific regard to Kerala and Kochi, he said the present dip in the realty sector is just a temporary blip. With almost 30 per cent ...  

 

Chapal exhibits at Asia Property Show - Singapore 2008
AME Info - United Arab Emirates
Chapal, master developer behind a series of new landmark properties in Dubai and Ajman worth of $5,5bn, has announced their participation at Asia Property Show which has truly become an important convention place within real estate sector in Asia and the whole globe... These include Chapal Tropicals, Chapal Signature, Chapal Dunes and Chapal Corals, all located in Northern Emirate - Ajman, within Emirates Lake Towers, which is an immense 21 million sq.ft BUA master development of Chapal... Like Dubai, Ajman offers the advantage of freehold, and its real estate market is booming due to the government initiatives on tourism and business. ...

 

Al Hilal Bank Signs Agreement with Leading Property Firm.
Gowealthy.com - Dubai,United Arab Emirates

Mr. Mohamed Jamil Berro, CEO, Al Hilal Bank said: "Hamptons is fast gaining ground as the leading property services company in the UAE with offices in Dubai and Abu Dhabi... According to the contract, Abu Dhabi-based Bank will include real estate service firm in their exclusive valuation panel...

 

Almas Capital arranges developer financing
PressReleaseNetwork.com (press release) - USA
Almas Capital has recently arranged end-user financing for buyers of The First Group's projects located in Dubai Sports City. ...These mortgage products are now available from renowned UAE financial institutions such as Amlak, Mashreq, and Badr-Al-Islami", said Barmak Besharaty Managing Director of Almas Capital... "Developers such as Sheffield Real Estate, Dheeraj & East Coast, Bangash Properties, and The First Group have all successfully enhanced their projects by... I recently returned from an investment conference in Jeddah where there was a huge appetite for investment into this region's real estate sector. We are seriously studying a proposal to start a new ...

 

Tamweel Emirates celebrated its official entry into Egyptian market
AME Info (press release) - United Arab Emirates
Tamweel Emirates celebrated its official entry into the Egyptian market at the Four Seasons Nile Plaza hotel with a spectacular gala dinner attended by a large number of important VIP's and company executives...Ahmad Abouzeid, CEO of Tamweel Emirates, added: 'The last two years have witnessed a massive growth in real estate investment and development, ...

Saadiyat Island - Abu Dhabi's New Architecture Art

Art and architecture in the Middle East
Times Online - UK
Abu Dhabi is betting £20 billion that it can transform barren Saadiyat island, just off downtown Abu Dhabi, into a 21st-century version of the pyramids of Egypt. ...If the scale models displayed in the Emirates Palace Hotel, in Abu Dhabi, are even half realised, Saadiyat island will become an architectural destination in its own right.

Dubai Batteling for Informa (Largest Real Estate Event)

Dubai joins in battle for Informa guardian.co.uk - UK
Bankers will this week finalise a multi-billion-dollar loan that could provide one of Dubai's largest sovereign wealth funds with the firepower to muscle in on the £3.3bn takeover of specialist media and exhibitions group Informa in the largest private equity deal since the credit crunch began... The Investment Corporation of Dubai, chaired by the emirate's ruler and prime minister of the UAE, Sheikh Mohammed bin Rashid Al Maktoum, wants to knock Informa's conference business, which runs the world's largest trade real estate event, ...Ironically, any move from Dubai would pitch the man who built Informa into a FTSE 250 company against his former employer...

Cultural District of Saadiyat Island Gets Xanadu

Cultural District of Saadiyat Island - Abu Dhabi - Architecture ...
Celebrity Architects Cultural Xanadu for the Arab World: In this land of big ambition and deep pockets, planners on Wednesday unveiled designs for an audacious multibillion-dollar cultural district whose like has never been seen in the Arab world. ...In all, the project, known as the Cultural District of Saadiyat Island, would create an exhibition space intended to turn this once-sleepy desert city along... "It's an inspiration from nature and an organic design, with a fluid design, as well as a space with good sound," Ms. Hadid said. ...