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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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Thursday, August 14, 2008

New Hotel Project In India, Dubai, Abu Dhabi and Muscat

UPDATE 1- EIH to invest 6.5 bln rupees on new hotels
Reuters India - Mumbai,India
EIH (EIHO.BO) part of the Oberoi Group that runs a chain of five-star hotels, plans to spend 6.5 billion rupees to expand in Bangalore and Goa and has secured land in both the locations, ...The company will invest the rest in the Goa project that would have a hotel and villas in 50 acres of land, ...The projects under management contract would come up in three locations in India and in Dubai, Abu Dhabi and Muscat. ...

lCL Corporation Bhd Wins Subcontractor for the Interior Fit-Out

LCL secures RM61m Dubai contract
Malaysia Star - Malaysia
KUALA LUMPUR: lCL Corporation Bhd has secured a sub-contract for the interior fit-out works for the downtown Jebel Ali project in Dubai valued at RM61mil. ..."The project comprises interior fit-out works for 28-storey of the twin office tower cum podium located in downtown Jebel Ali, Dubai ...

Dubai Industrial City Dhs 200 Million Office Space

Dubai Industrial City increase office space with Dh200 million building projects
Vista Dubai - Leeds,England,UK
Dubai Industrial City, a member of Tatweer, has commenced construction work for four office buildings with investments of over Dh200 million. ...The momentum gained by Dubai Industrial City through adding new components and business-friendly amenities is rapidly enhancing its appeal as a preferred choice for major industry players. ...

Top Ten Man Made Islands

Top 10 man made Island - Interesting
By Samz(Samz)
Dubai developer, Nakheel, has added more than 1500 km of beach front to the Dubai coastline with various island-building projects over the past decade. These islands include The Palm, The World and Dubai Waterfront, and they're located off the Dubai city coastline, United Arab Emirates (UAE) in the eastern Arabian Peninsula. ...

Tokyo Disney Resort may or may not be the ideal paradise destination for adults, but adults with kids in tow might ...You can find this paradise on Eden Island, located in the Seychelles archipelago nation. ...Not to be outdone by its Dubai neighbor, Qatar is building a multi-billion dollar artificial island located less than one mile off the Doha coastline. ...This man-made island paradise is located on an existing area of reclaimed land to the east of the Rock of Gibraltar ...


Nakheel's Fontainebleau Announces October Reopening

Fountainbleau Florida
South Florida Business Journal - Fort Lauderdale,FL,USA
In April, Dubai-based Nakheel Hotels bought a 50 percent interest in the Fontainebleau for $375 million. The Dubai emirate manages Nakheel,... Fronting the Atlantic Ocean, the 1,504-room resort's most distinguishing features will include two new towers, 11 restaurants and lounges, three nightlife venues, a 40,000-square-foot spa with mineral-rich water therapies and co-ed swimming pools, and an oceanfront pool area. ...

Maiden Real Estate Project - G-Emporium

GIO Developments announces main contractor for Maiden Real Estate project. G-Emporium
AME Info (press release) - United Arab Emirates

Executives at GIO Developments, part of Galadari Investment Office (GIO), have announced the appointment of Simplex Infrastructures as main contractors for the construction of the G-Emporium, GIO's premium development in City of Arabia, which includes the residential G-Tower and the commercial G-Office tower. ... The company's portfolio speaks for itself and its track record, both locally and internationally, locally and internationally, is impressive, and includes the successful completion of sub-structure work on the highly-anticipated Dubai Metro project. ...Construction of the G-tower has already commenced with piling on the G-office poised for completion in November 2008. ...

 

Sternon and Garnet - Construction Starts on Magic Hill Residences

Dubai-based developer's mega real estate project in Mumbai ...
Gowealthy.com - Dubai,United Arab Emirates
Dubai-based Sternon Real Estate and Mumbai-based Garnet Construction said their NRI township 'Magic Hills Residences' in Navi Mumbai will start construction. ...The mega real estate project, among the first-of-its-kind-in-India, is being marketed exclusively to non-resident Indians. The propery has attracted global interest, ...

Abdali New Downtown - Amman, Jordan

Press witnesses the rise of the Abdali new downtown
AME Info - United Arab Emirates
With the construction of the new Abdali New Downtown well under way, the management of Abdali Investment and Development PSC organized on August 13, 2008 a media tour whereby all members of the local press and TV were taken into an actual tour of the site. ...Abdali PSC succeeded in attracting more than 28 local and regional investors to the project of which Damac  ... Abdali Boulevard Company, Saraya, Madaen Al Noor, Al Hamad, Rotana, Tameer International and other prominent names in the industry. ...The $3bn Abdali urban regeneration project accounts as the largest project in Amman, the capital of Jordan  ...

Rotating Tower Architect - David Fisher at Cityscape Dubai Oct 2008

Visionary architect David Fisher has made recent headlines with the launch of his Dynamic Tower, a unique rotating tower project to be constructed in Dubai and will be making an exclusive key note presentation at the World Architecture Congress.

Hear David Fisher talk about construction technologies for sustainibility which will provide an up-to-the-minute analysis and discussion on the design and construction of what is billed as the first 'building in motion'.

Watch the Video Presentation on the Dynamic Tower

This year's World Architecture Congress is designed to provide high-level analysis and discussion of the issues and challenges faced in architectural projects internationally, with a special focus on the latest ground-breaking initiatives in the Middle East.

Register before 15 August 2008. For more information visit cityscape

Who is it for?

Specifically Designed For High - Level Architecture and Urban Planning Professionals, featuring:

- Exceptional international speakers at the forefront of Modern Architecture

- The Masdar Project Showcase

- The latest innovations and trends in tall building design

- Dynamic cutting edge designs and solutions in new urbanism

- Practical strategies for sustainability

- 6 design innovations and 6 design issues in 60 minutes

Cityscape Dubai Calendar of Events:

Cityscape Dubai Golf Classic
5 October 2008

The Cityscape Exhibition
6 - 9 October 2008

Cityscape Architectural Awards
6 October 2008

Cityscape Dubai Cultural Evening
7 October 2008

Cityscape Dubai Cocktail Party
8 October 2008 Five Parallel Conferences

Real Estate Leadership Strategy Summit
6 October 2008

International Real Estate Investment & Development Conference
5 - 9 October 2008

Hotel & Tourism Investment & Development Conference:
5 -9 October 2008

World Architecture Congress
6 -9 October 2008

Facilities & Asset Management Conference
6 -9 October 2008

UAE Real Estate Trading Attractions

Visas for Ajman buyers
Zawya - United Arab Emirates
... chief executive officer of Sweet Homes Real Estate, said earlier contracts did have a visa clause, but new additions, such as "according to UAE law", ...

Trade between UAE and India hits $19b
GulfNews - Dubai,United Arab Emirates
"There are already several joint ventures in the real estate, information technology, industrial and the mining sectors. I believe there is untapped ...

Morgan Stanley Report - Pros and Cons - Dubai Property Market

Property firm's fury over gloomy Dubai report
ArabianBusiness.com - Dubai,Umm al Qaiwain,United Arab Emirates
Morgan Stanley published a report predicting property prices in Dubai could drop by 10 percent by 2010 as an oversupply of housing floods the market. ...


Chatham House study backs Dubai
Select Property - Manchester,UK
Outside Europe and North America, Dubai was ranked fifth in the world in the London survey. When people ask how Dubai is going to fill all the property ...

To Cool Red-Hot Property Market
Wall Street Journal Blogs - New York,NY,USA
By STEFANIA BIANCHI DUBAI -- Cracks are starting to show in Dubai's well-crafted and glitzy property-marketing machine. Flipping properties has reached such ...

Tamweel to Raise Funds for new Business

Tamweel plans to raise $500m
GulfNews - Dubai,United Arab Emirates

Dubai: Tamweel, the UAE's biggest mortgage provider, plans to raise as much as $500 million through Islamic asset-backed loans to fund new business, according to Chief Financial Officer Gaurav Agarwal. ...The Dubai-based company has benefited from a real-estate boom in the Gulf's second-biggest economy. ...The company's total funding requirement this year will be Dh3 billion to Dh3.5 billion as it plans to increase assets to Dh13.5 billion, Agarwal said.   ... according to Central Bank of the UAE data. Mortgage lenders in the region are in talks with regulators on ways to keep the real estate market from ...


Dubai Properties - Corrected

CORRECTED-Dubai's Union Properties seeks $1 bln for projects
Reuters India - Mumbai,India
DUBAI, Aug 12 (Reuters) - Dubai-listed Union Properties UPRO.DU plans to borrow $1 billion by the end of the year to help finance projects, the company's... In June, Ghoul said the company would borrow at least 2.5 billion dirhams ($680.6 million) this year and an additional 1.5 billion dirhams either this year or next depending   ...

Dubai Mall, Emaar's Wonder of the World for Multimedia Systems

The Dubai Mall unveils retail world's most sophisticated multimedia systems
Zawya - United Arab Emirates
The Dubai Mall, one of the world's largest shopping and entertainment destinations, has unveiled the retail world's most sophisticated multimedia systems ever installed in a shopping mall. ...Mr Jim Badour, Chief Executive Officer, Emaar Malls said: "We expect over 30 million visitors from around the world to The Dubai Mall in the first year of ...Some of the most innovative components at The Dubai Mall are the multimedia-themed precincts such as Fashion Avenue, where one will find a fully retractable LED embedded-catwalk... The Dubai Mall will feature over 1,200 retail shops including two department stores including Galeries Lafayette and more than 160 food and beverage outlets.  ...

Emaar Properties New Projects and MoU

Emaar Misr signs MoU with The Ritz-Carlton Company LLC to manage ...
Zawya - United Arab Emirates
Cairo, Egypt; August 12, 2008: Emaar Misr for DevelopmentEmaar Misr for Development SAE, the wholly-owned country subsidiary of Emaar Properties PJSC, ...

Ritz-Carlton to manage Luxury Beachfront Resort in Marassi
ASIATravelTips.com - Amphur Muang,Nonthaburi,Thailand
Emaar Misr, the wholly-owned country subsidiary of Emaar Properties, has signed a Memorandum of Understanding with Ritz-Carlton, to manage a beachfront ...

Balfour Beatty Bucks New Project in Dubai

Balfour Beatty bucks trend with rising orders
Times Online - UK
Balfour's joint-venture companies in Dubai said today that they had won a handful of new contracts worth £240 million, including a £61 million Trump ...

Dubai interchange
The Engineer - London,UK
Dutco Balfour Beatty has been awarded a £141m road and bridgeworks project to construct two major interchanges as part of the Waterfront Development in Dubai, the largest man-made development in the world. ...The Marina Hotel project on Yas Island in Abu Dhabi, valued at £38m, forms part of the new development to provide a Formula 1-standard racing complex. ...