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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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Monday, August 11, 2008

New Four Seasons Hotel - India

Four Seasons lines up more projects
Calcutta Telegraph - Calcutta,India
Four Seasons – the Canadian luxury hotel chain – is eyeing a slew of projects in India, including hotels, resorts, service apartments and residencies. ...In Hyderabad, the company has tied up with Emaar-MGF to develop another Four Seasons property. The Gurgaon and Hyderabad projects will entail investments of ...

World's Tallest Tower in Doha

Bank eyes 509m tower in Doha
Gulf Times - Doha,Qatar
Qatar National Bank, the country's largest lender by market value, plans to build one of the world's tallest towers in Doha to house its new headquarters, a magazine reported yesterday...Burj Dubai, being developed by Emaar Properties, will become the world's tallest building when it is completed in 2009. – Reuters.

Dubai Properties & Salwan LLC Real Estate Services Agreement

Saeed Bushalat, CEO, Salwan Property Management, Dubai
Gowealthy.com - Dubai,United Arab Emirates
The alliance, established under Dubai's Real Estate Agency Agreement, focuses on real estate verticals such as sales, property management, leasing, ...

Zawya - Dubai, United Arab Emirates
Dubai: 11 August, 2008 -Dubai Properties LLC (DP), a leading master developer, today announced it has signed a deal with Salwan Property Management LLC both subsidaries of Dubai Properties to manage and sell key developments around Dubai as part of its mission to offer comprehensive real estate and property management services to its rapidly growing client base. ...

Tekla UAE - New Project Design

Tekla BIM adopted by Al Habtoor Murray & Roberts joint venture for venture for Trump International Hotel and tower in Dubai
Zawya - United Arab Emirates
Tekla Middle East recently closed a deal with Al Habtoor-Murray & Roberts Joint Venture chosen to construct the Trump International Hotel and Tower in Palm Jumeirah, Dubai, United Arab Emirates. Murray & Roberts has invested in Tekla Structures BIM (Building Information Modeling) software licenses to make the 62-storey structure and other major projects in the future happen. ...In addition to the Trump Hotel and Tower, they will be using Tekla modeling technology in several other projects, such as the Dubai International Airport. ...

About Tekla International: Tekla develops software solutions, products and services for customers' core business processes in building and construction. Tekla's model-based software products are used in more than 80 countries.

Group Five Profit Growth

Group Five confident about future growth as FY profit surges
Creamer Media's Engineering News - Garden View,South Africa
"Group Five has significantly moved its place to align itself with where the hot markets are," he said, adding that these markets included oil and gas, power, mining, the public sector and projects in Dubai.... Group Five had signed an agreement with its sponsor in Dubai, Al Naboodah Construction Group, to form a new joint-venture company to grow the civil ...

Group Five order book swells
The Times - South Africa

Group Five increased its one-year order book by 76% to 8.5 billion rand as at end-June 2008 compared with same period last year, it said on Monday. ...The local and Dubai forward workload is weighted 80% in favour large public sector infrastructure works, balanced with an exposure to the mining market

 

Abu Dhabi Property Market Prices Increased 100%

Abu Dhabi secondary property market booms
GulfNews - Dubai, United Arab Emirates
Abu Dhabi: The overwhelming demand and limited supply in Abu Dhabi's property market drove prices at the secondary market to the roof, according to industry sources. ..."If the average price of a villa in Al Raha was Dh2 million two years ago, we find it today selling at more than Dh4 million, and this simply is the outcome of the market's imbalances, where strong demand is facing a very tight supply," ...

Ijarah Real Estate Fund

Global MENA Real Estate Ijarah Fund Closes and Concludes Two Lucrative Ijarah Financing Deals
Al-Bawaba - Amman,Jordan
Global Investment House "Global" announced today the closing of Global MENA Ijarah Real Estate Fund, a close ended fund dedicated to providing its investors competitive returns ... Fund will finance a respected real estate developer in the UAE to acquire and develop a land parcel in the prestigious Palm Jebel Ali project in Dubai. ...
 
Kuwait investment firm closes real estate fund
Thaindian.com - Bangkok,Bangkok,Thailand
Dubai, Aug 11 (IANS) Kuwaiti firm Global Investment House (GIH) Monday announced that it was closing its 'Global Real Estate Leasing Fund for the Middle ...

Bahrain's City Centre Mall to Set Records

Giant new mall alters Bahrain retail balance
Kipp Report - Dubai,United Arab Emirates
At about 140000 square metres of leasable space, it will be just over double that of the current flagship retail offering of Seef Mall - said to be the ...There can be no doubt that Bahrain City Centre will draw the crowds: while both Seef Mall and Dana Mall ...Befitting the developer's Dubai roots, various 'records' will be set: the complex will include the region's largest indoor waterpark and ...

RTA Awards 91M Dirham Contract

arabian business
The Project covers 72 km-long roads in an area of 3m square meters.  Al Tayer: Plants selected suit the local habitat, act as wind-breaker & curb desertification. ..."Dubai Bypass Road ranks among the strategic projects of the structural roads network undertaken by the RTA. The Project provides an alternative corridor to Emirates and Sheikh Zayed Roads... "Dubai Bypass Road, which costs around one billion dirham, was divided into three phases. Phase I, which was completed in last March, extends 24 km from Al-Rawiya Interchange at Al-Ain – Dubai Road to Jebel Ali–Al-Hebab Road...

Dubai Properties Group Operational

Dubai Retail begins operations
AME Info - United Arab Emirates
Dubai: 10 August, 2008 - Dubai Properties Group (DGP), a member of Dubai Holding, today announced its retail development and management solutions subsidiary - Dubai Retail LLC - has commenced operations aiming to develop the emirate's retail sector through the construction of shopping malls and retail markets. ...The company is a subsidiary of Dubai Properties Group. Replication or redistribution in whole or in part is expressly prohibited without the prior written ...