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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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Saturday, August 9, 2008

Aldar & IDG Launch Management Development Programme

ALDAR and IDG join hands to launch management development programme
Zawya - United Arab Emirates
Abu Dhabi, United Arab Emirates, 9 August 2008 - ALDAR Properties, the leading integrated property development company, has commissioned the Inspirational Development Group (IDG), a leading UK provider of development programmes, to run a special management development programme for ALDAR's UAE graduate and scholarship students. ... ALDAR announced in May that it was sponsoring the chair, "Dean of Business Studies", at the Higher Colleges of Technology "HCT". Under the agreement ALDAR will sponsor five UAE nationals in HCT's real estate management programme. ... 

Hydra Properties at Al-Reem Island

Hydra Properties completes foundation work for Iconic Hydra Avenue towers at Al Reem Island
Zawya - United Arab Emirates
DUBAI (United Arab Emirates): Hydra Properties, the leading UAE-based international property developer, today said that it has fast tracked its prestigious Hydra Avenue Towers project, located at Al Reem Island in Abu Dhabi, by completing the foundation work for the project ahead of the schedule. ...

Dubai's RERA and DED Agreement

DED and RERA sign agreement to support services for real estate sector
Zawya - United Arab Emirates
Dubai, August 9, 2008: The Dubai Department of Economic Development (DED) and Dubai's Real Estate Regulatory Authority (Rera) recently signed a partnership to enhance the quality of support services offered to real estate investors and customers. ... Khalid Al Kassim, Deputy Director General for Planning and Development at DED, and Marwan Bin Ghalaita, CEO, RERA, signed the agreement. Officials from DED and RERA attended the signing ceremony held recently at DED headquarters in Deira. ...

Rera to use DED license system
AME Info - United Arab Emirates
Dubai's Real Estate Regulatory Authority (Rera) will be using the license and business registration system applied by the Dubai Department of Economic Development (DED) for issuing licenses related to real estate activities. ...

Arabian Bemco Contracting: SR8.28 Billion Power Plant

Islam Online Dubai, United Arab Emirates
07 August 2008 JEDDAH: Arabian Bemco Contracting Co. Ltd. the specialized contractor for building of power stations, industrial facilities and public utilities, has signed a SR8.28 billion agreement with a group of local banks. ...Arabian Bemco will construct and install approximately 2000 MW at the new site for Power Plant No. 10 (PP10) on Alkharj Road 100 KM southeast of Riyadh.

Almajdouie Sinotrans Middle East

Almajdouie and Sinotrans sign deal to start logistics firm
JEDDAH - Almajdouie Group of Saudi Arabia, and Sinotrans Limited of China have signed an agreement to operate a joint venture logistics company in the Kingdom. Named as Almajdouie Sinotrans Middle East, it will operate in the areas of customs clearance, heavy oversized cargo handling and inland transportation services. ... This JV will be the leader in logistics industry with a goal to have strong presence in Middle East and North Africa (MENA) region, bringing the best quality services to its customers," Al Majdouie said.

Tallest Tower In Calcutta and India

Tallest in town & country
Calcutta Telegraph - Calcutta,India
Calcutta — and India — will get its tallest building at 250 metres when a commercial property comes up on Chowringhee, next to Tata Centre.

The tower, to rise to a height equivalent to 83 storeys, will be the city's first run in the construction Olympics that is dominated by Burj Dubai at 636m. ...The tallest building planned in the city before this was the Life Insurance Corporation's 50-storey commercial structure on the Bypass. ..."The Chowringhee building will have many firsts, like a 4.2m floor-to-ceiling height, a grand entrance lobby 42ft high, a sky garden on the 29th level, restaurants on the 50th and 51st floors and three levels of viewing galleries above that," says Vinoo Chadha, principal architect for the project.