Dubai Property Prices Commands Highest Premium

Off-plan properties in Dubai command highest premiums ahead of handover.
Zawya - Dubai, United Arab Emirates

Villas and apartments nearing completion in Dubai are generating premiums of as much as 70 to 200 per cent a year, according to observers of the property market far higher than the 10 to 30 per cent annual premiums for completed properties. ...Adham Roshdy, director of sales for residential properties at Dubai-based Coldwell Banker, said: "Nine out of 10 residential property buyers in the market prefer to buy off-plan." ...At the Villa Project, a development by Dubai Properties and Mizin in Dubailand, which is due for handover by the first quarter of next year, ... "The Golf Towers by Emaar - a twin residential tower development overlooking the Emirates Golf Course due for completion in four to five months - has already achieved a 200 per cent profit since its launch two years back.... "By end of this year, you will not find any unit in the market that will be less than Dh1,400 to Dh1,500 a square foot. ...

Dubai property prices - why the only way is up
ArabianBusiness.com - Dubai,Umm al Qaiwain,United Arab Emirates

Walking through the streets of Monaco, as one does, in between poking my nose into the nearest patisseries in search of the ultimate croissant, I came across a very familiar Dubai phenomenon - breathtaking, tear inducing property prices....That may make Dubai's properties seem out of kilter to any intrinsic value or common sense, but the law of scarcity, and of supply and demand,... Dubai's property prices will continue their inexorable rise, leaving its speculators much to gain.

Development of Fourth Inter-Continental Hotel In Dubai

Inter-Continental Hotels Group signs exclusive agreement to develop fourth Crowne Plaza in Dubai
AME Info Mon, 04 Aug 2008 2:24 AM PDT
Inter Continental Hotels Group (IHG) has announced the signing of an agreement with the Mohammad Omar Bin Haider Group (MOBH), to develop a Crowne Plaza hotel in the International Media Production Zone, Dubai, UAE. ...Currently there are 13 Crowne Plaza Hotels and 3,538 rooms across the Middle East and Africa, with a further six properties and 2,216 rooms in the development pipeline.

New Real Estate Project in Ajman, Emerald Tower AED 252 Million

JCA Real Estate unveils AED 252 million Emerald Tower
Al-Bawaba - Amman,Jordan
JCA Real Estate today unveiled Emerald Tower, a 100% freehold residential tower to be built in the Emirate of Ajman, UAE. To be built at an estimated cost of AED 252 million, the Emerald Tower will be... JCA Real Estate, an associate company of Jitendra Group of Companies, said that Emerald Tower will boast of an earthquake resistant structured design... Christina Cabading, President, BSEL, said: "Emerald is our fifth tower on the market, the earlier four being Pearl, Fayrooz, Kahraman & Almas ...

Mina Rashid Land Purchase & Nakheel Ties with US Food Retailer

Azizi Investments confirms Mina Rashid land purchase
Business Intelligence Middle East (press release) - United Arab Emirates
UAE. Azizi Investments, the Dubai-based multinational property developer, has today confirmed the purchase of over 667,000 square feet of land at Mina Rashid, the redevelopment of the old Port Rashid that is being master planned by Nakheel. ...On the announcement of the acquisition, Merwiss Azizi, Chairman of Azizi Investments commented: "When we were invited by Nakheel to participate in the... Azizi Investments will have an estimated AED 170 billion project value for developments by the end 2010. ...

 

Nakheel ties up with US food retailer to open Middle East stores
GulfNews - Dubai,United Arab Emirates
Dubai: Nakheel, a Dubai World company, announced on Monday a partnership with leading US food retailer Balducci's to open the company's stores in the Middle East. ...Nakheel and Balducci's are also set to expand into other locations throughout the Middle East. ...

Select Property Plans New Waterfront Projects

Select plans waterfront projects in Dubai, Ras Al Khaimah
Zawya - United Arab Emirates
Select Property, a Dubai-based real estate developer, is looking to consolidate its position in the UAE property market by developing more waterfront projects with mega launches planned across Dubai and Ras Al Khaimah, a top company executive said. ...Aquitainia, which combines the islands of France and Spain, is being developed in a joint venture with Select Property, a UK-based property company. ...Currently, Select Group is developing nine towers in Dubai Marina, which includes Bay Central, The Torch, The Point, and Botanica among others. ...

Dubai Real Estate Companies Merge and an Omani JV

KIT Capital, MNA Partners and River Road Ventures Merge to Create Dubai-Based KCP Capital
MarketWatch - USA
... KCP Capital represents a unique cross-border merchant bank, with principal offices in Dubai, New York and Los Angeles, focused on the increasing business opportunities and capital flows between the Gulf Cooperation Council (GCC) zone, the Americas, and the ascendant emerging markets. ...KCP Capital's real estate activities are centered around newly formed KCP Emergency Markets, a dedicated private equity fund vehicle focused on frontier... Since 1995, KCP principals have raised third-party equity financing in excess of US$2.0 billion in these industries and have completed over 100 transactions in the Americas, MENA, Sub-Saharan Africa and Southeast Asia ... For more information visit KCP Capital

Real estate fund launched in Oman
Economic Times - Gurgaon,Haryana,India
DUBAI: An India-centric real estate fund by Cordea Nichani, a joint venture between British property fund manager Cordea Savills and India's Nichani Holdings, has been launched in Oman to tap into the Gulf nation's market ...

Dubai's Jafza Master Plan Could Employ 8000-10,000 US Workers

Jafza logistics center plan could be ready in weeks
Orangeburg Times Democrat - Orangeburg,SC,USA
By GENE ZALESKI, T&D Staff WriterSunday, August 03, 2008 Jafza South Carolina LLC says it is on track to release a preliminary master plan for its proposed 1,300-acre logistics and distribution center by early September. ...Plans call for a logistics, manufacturing and distribution hub that could employ between 8,000 and 10,000 workers...Jafza plans to break ground in Oct. 2009. The company hopes to have its first clients open for business in Orangeburg sometime in 2010. ...All the data will be gathered and incorporated into the final master plan. ...Eames said the master plan will be phased in over a 20-year period, enabling the company to reassess the macroeconomic situation as it moves on to later phases. ...