DWC to sell concept to the world
The National - Abu Dhabi,United Arab Emirates
DUBAI // Dubai World Central (DWC) Real Estate, the Government-owned company building the world's largest airport in Jebel Ali, will begin exporting the concept of its massive aviation-logistics-property development through a new international division next year, a senior executive said yesterday. ...DWC Real Estate has already sold the first two phases of Residential City at the airport development, generating about Dh10bn this year, and total revenue from all five phases of this development is expected to be in excess of Dh50bn. ...With changes in the master plan, we are expecting a little more than that, but we still have to calculate the final figures based on land and number of ...
Thursday, August 7, 2008
DWC Master Planning to Sell Cencept to the World
Emaar Misr Renovates Alamein Hotel
Emaar Misr builds on Marassi's tourism appeal with the renovation of Alamein Hotel
Zawya - United Arab Emirates
Cairo, Egypt; August 7, 2008: Emaar Misr for Development SAE, the wholly-owned subsidiary of Emaar Properties PJSC, continues to energise one of the best beach destinations on the North Coast with its Marassi resort project in Sidi Abdel Rahman Bay. ...The 50-year-old Alamein Hotel has great social significance and is the first beachfront hospitality project in the region. ...we undertook the renovation of Alamein Hotel to create a vibrant lifestyle environment for residents and visitors, ..."Marassi is redefining the cultural, social and tourist heritage of Sidi Abdel Rahman Bay region, which is one of the finest and most historic beaches in Egypt. ...
Oasis Beach Hotel to be Demolished for New Mixed-use Project
Oasis to make way for new project
Zawya - United Arab Emirates
One of Dubai's oldest hotels is to close at the end of this month ahead of its demolition to make way for a new mixed-use project. Oasis Beach Hotel, which has been in business for 14 years, will be razed to make way for a new multi-storey structure, which will be completed by 2010, according to real estate developers Al Fattan Properties. Further details of the new projects have not been released.
...Other new projects by Al Fattan include a five-star Hotel Marina Residency development on The Palm Jumeirah, a 12-storey office building in Dubai Marina, ...
Nakheel's Monorail Test
Nakheel to test monorail
AME Info - United Arab Emirates
Dubai-based developer Nakheel has announced that tests on the Palm Jumeirah monorail will begin testing this October. The Palm Monorail is the first ...
Dubai Real Estate Sector
Dubai World Central plans arm to manage real estate portfolio next year
Zawya - United Arab Emirates
Dubai World Central (DWC) plans to set up a subsidiary to manage its real estate portfolio in the first quarter of 2009, a top company official has revealed. ...Real estate sales at the giant aviation development being built around Al Maktoum International Airport in Jebel Ali are expected to generate revenues of Dh330 billion. The total cost of developing DWC has been estimated at Dh120bn.
Booming real estate sector of Dubai to boast of 3000 towers
Gowealthy.com - Dubai,United Arab Emirates
Dubai will soon be home to the largest number of towers. Almost 3,000 buildings, both mid and high-rise are in various stages of development and construction in Dubai as real estate boom continues in the emirate. Dubai World Central (DWC) will boast of about 1100 apartment towers in its residential cluster and 850 in the commercial zone. ...
Globe and Mail - Canada
As a teenager, Guy Laliberté, co-founder of Cirque du Soleil, left home to busk for change as a fire eater. He took his show on a road that has led him across the world. Now, as two Dubai firms buy in, he remains 'captain of the boat' ...Mr. Laliberté, 48, says the investment by two Dubai entities — a private equity division and the real estate arm of the emirate's sovereign wealth fund — will fortify his company's independence in the years to come. ...
AME Info - United Arab Emirates
The recent announcement of the creation of the International Development and Investment Show (IDIS 09) taking place at the Riyadh International Exhibition Centre from 11 - 13 January 2009 has been welcomed by local and international real estate companies. ...Dubai Shows one of the most well known real estate exhibition organisers in the Middle East, will be handling the UAE and international sales for IDIS 09. ...
Dubai World Central $120b
UAE's mammoth urban planning jewel takes shape
GulfNews - Dubai,United Arab Emirates
Dubai: Dubai World Central (DWC), the world's first fully integrated transport and logistics city, with investments of Dh440 billion ($120 billion) and a targeted population of nearly one million, is in the final planning stages. The Al Maktoum International Airport is the centrepiece of the development. ...DWC is the UAE's largest urban planning project, spread over 140 square kilometres, an area more than double the size of Manhattan. ...
Dubai to Spend $33 Billion on Lightrail Transport
DWC to develop $33b lightrail transport system
GulfNews - Dubai,United Arab Emirates
Dubai: To help the estimated million or so residents of Dubai World Central (DWC) move freely around the 140-kilometre city-within-a-city, a staggering $33 billion is being spent on developing a substantial transport network. ...This transport system will follow Nakheel's ambitious $381 million monorail on Palm Jumeirah and the lightrail system in Downtown Burj Dubai.
UAE - Damac Properties Contracts $2.9m to IFG
UAE- Damac Properties awards $2.9m contract to IFG
Middle East North Africa Financial Network - Amman,Jordan
(MENAFN) DAMAC Properties Chief Executive Officer, Peter Riddoch said that the company has recently awarded a $2.9 million enabling works contract to ...
$150m Investment Plan by Septech Emirates
Septech Emirates plans to invest $150m in the region
Zawya - Dubai, United Arab Emirates
Water infrastructure company Septech Emirates plans to invest $150 million (Dh552m) in the region in the next 12 months, its CEO said yesterday.
The expansion programme will include three acquisitions, David Heffernan told Emirates Business in an exclusive interview. ...Today most developers in Dubai are integrating the sewage plants into their master plan and making a provision to connect to the main municipality networks ...Septech and GE Water and Process Technologies recently announced a 20-year, multi million dollar agreement that will help the UAE and Oman meet their growing water needs.
GCC Acquisition, Parnership and Project Constuction Awards
Al Rajhi acquires majority stake in Core Construction Company
GulfNews - Dubai,United Arab Emirates
Dubai: Al Rajhi Investment Group, a leading diversified business group located in Saudi Arabia, on Monday said it is acquiring a majority stake in Core Construction Company of the UAE. ...
GulfNews - Dubai,United Arab Emirates
Dubai: Expedia, a global online travel company, on Tuesday said it had signed a long-term global agreement with the Dubai-based Jumeirah Group, a hospitality management company. ..."This partnership is strategic to both Jumeirah and Expedia, as we continue to expand our global footprints, respectively," said Murad Hajeebhoy, Expedia EMEA vice-president of marketing management. ...
Khaleej Times - Dubai,United Arab Emirates
JEDDAH - Emaar Middle East has awarded construction contracts for the first two residential villages in its Al Khobar Lakes development to several leading Saudi contractors. ... and Emaar Middle East had recently unveiled the first residential villages - Al Nada and Al Ghadeer - as part of the first phase of the project ...
Eyes on Dubai's Projects
Gas shortages threaten Mideast aluminium projects
guardian.co.uk - UK
Middle Eastern gas supply cannot keep pace with the region's rapid expansion and fierce competition between industries could force some energy-intensive projects, such as aluminium, to be delayed or even shelved. ...Khaled Buhumaid, a general manager at state-owned Dubai Aluminium Co (DUBAL), said the firm's Emirates Aluminium project was on track, having secured power ...
Palm monorail to start from April 1, 2009
Zawya - United Arab Emirates
The monorail on The Palm Jumeirah will start operations on April 1, 2009, Nakheel's director of investments told Emirates Business yesterday. ..."However, due to the Cirque du Soleil's Allegria happening on Palm Jumeirah on March 5 next year, we are trying to bring the date forward with the help of the Roads and Transport Authorities (RTA) and everyone else involved with the project," he said. ...Construction work for the $381 million monorail began in March 2006 and was scheduled for completion by end 2008. "The whole element of monorail is very new to Dubai. In fact, the whole aspect of rail transportation itself is new in Dubai and Nakheel is working closely with RTA to make sure that all the certification elements are being put in place," said Lee. ...
The Lawyer - London,UK
New York firm Curtis Mallet-Prevost Colt & Mosle has revamped its management team ahead of its expansion into the Middle East. ...In Muscat, the firm focuses on infrastructure, project finance and privatisation. Under the new management structure Pizzurro and Vega will have ...
Tiger Woods Dubai Bidding on Land
Homesgofast.com - London,UK
The first golf course resort to be designed by Tiger Woods is currently allowing bidding on five pieces of pre-selected premium land. These special lots will allow for the largest and most extravagant buildings around the golf course, with two luxury lake views, two mansions and one palace. ...The project is part of Tatweer, a Dubai holding company, and is aiming for completion by late 2009. It is located in Dubailand, an ambitious tourism and ...
Real Estate Regulatory Authority (RERA) Partners with Amlak
Dubai - United Arab Emirates. August 6, 2008 - Dubai - United Arab Emirates. August 6, 2008 - The Real Estate Regulatory Authority (RERA) has expanded its cultural program targeting home buyers and investors from the real estate industry through a Memorandum of Understanding (MoU) with Amlak Finance PJSC, the largest real estate financier in the Middle East. ...The awareness campaign will target potential home owners and investors requiring additional information on the benefits of Escrow accounts...
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