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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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Friday, August 15, 2008

Hampton at Emaar Square Downtown Burj Dubai

Hamptons opens sales office at Emaar Square
Trade Arabia - Manama,Bahrain
Hamptons International, one of the premier residential agents, has announced the launch of its new sales office in Emaar Square - the exclusive commercial component of Downtown Burj Dubai. ...To mark the official opening of the office, Hamptons International is hosting an exclusive sales event in Emaar Square on August 16th from 9am – 3pm. The event will showcase some of the most prestigious residential apartments in the Downtown Burj Dubai area. ...

SouqExtra & Asteco, AED 200 Million Project - UAE

SouqExtra signs strategic agreement with Asteco to attract mega brands to UAE
Al-Bawaba - Amman,Jordan
SouqExtra!, the UAE's first chain of community supercentres, today signed a strategic agreement with Asteco, a leader in high-end property management... SouqExtra, a AED 200 million worth of project with a unique and highly lucrative potential has attracted the attention of government and private sector...Commented Camilla van der Merwe, Head of Leasing- Dubai, Asteco. – ends - SouqExtra! is the name of neighbourhood community-focused centers, with integrated ...
 

New Projects in Dubai Demands Steel

Forging a new world
Zawya - United Arab Emirates
... the Gulf's modern-day Pharaohs have become master builders and seem in a hurry to complete their ambitious plans. ..."Naturally, there is great interest in our project because we already have the permit from the authorities for the steel plant in Abu Dhabi," he maintains. ...There are other mega projects worth about $1 trillion in the pipeline this will ensure strong demand for steel in the future. ... The Proleads research company which monitors construction activity in the Gulf region, lists 17 steel-mill projects in Saudi Arabia and 16 in the UAE, while Oman has six projects on the anvil, Bahrain four and Qatar three.   ...

Dubai Real Estate - Property, Investments and Rents

Middle Eastern property giant Brehl enters Birmingham
Zawya - United Arab Emirates
DUBAI - Middle Eastern property giant, Balli Real Estate Holdings Ltd (Brehl) says properties in Birmingham city centre offer excellent long-term value for ...

Middle East investment in Brazil attracting attention
Property Wire - St. Albans,England,UK
According to Felipe Cavalcante, the president of the Association for the Development of Real Estate and Tourism in Northeast Brazil, real estate development ...

Mixed outlook for Dubai rents
Khaleej Times - Dubai,United Arab Emirates
Commenting on the outlook for the Dubai market it added that price performance in the real estate market "has already exceeded even our year-end target of ...

Al-Reef Project - Affordable by Manzel Developer

Building for middle classes
The National - Abu Dhabi,United Arab Emirates
Manazel will become the first developer to deliver the keys to an affordable home in an Abu Dhabi development open to expatriates by next July, the company's general manager said. The site of the Al Reef project, next to Abu Dhabi International Airport, ...Much of the publicity surrounding Abu Dhabi's soaring property market has focused on gleaming skyscrapers of Reem Island, but Mr Wilde said building... Manazel, which is now building two more affordable housing projects in Dubai and Amman, Jordan ...

Springfield & Highfield Towers Launched - Ajman, UAE

UAE's Al Rashed launches towers valued at $980.4m
Middle East North Africa Financial Network - Amman,Jordan
(MENAFN) Chairman of Al Rashed Real Estate, Ahmad Al Kaabi said that the company has recently launched freehold commercial and residential towers valued at $980.4m Gulf News reportred ...

Clyde & Co Joins Construction Teams

Clyde & Co LLP unites top Middle East construction teams
AME Info - United Arab Emirates
Construction partner Mark Blanksby, along with associates Anna Scannell and Elise Gillians, join from the Dubai office of a joint venture between Pinsent Masons and Galadari Associates...Collectively, the teams have advised on some of the largest and most complex projects in the region, including the Burj Dubai,  the expansion of Dubai International Airport, Saadiyat Bridge in Abu Dhabi and Doha's tallest tower, with a client base that reads like a who's who of the regional construction, project and development industry. ...'Of the international firms, [Clyde & Co] is 'most impressive for any construction matter, whether transactional or contentious.' ...

Ajman-UAE Property Investment Emerging

Ajman feels the ripple effect
Homes Overseas - London,UK
The tiny emirate of Ajman is the latest to feel the domino effect from Dubai's burgeoning property market. With a number of lucrative investment  opportunities emerging, offering the prospect of high returns, a growing number of property investors... Located an hour's drive north of Dubai, this rising city is witnessing significant economic growth, spurred by a fast emerging property sector... Property prices in Ajman are generally around a third cheaper than in Dubai. This is culminating in a demographic shift, ...Dream Homes Worldwide comments: "The Ajman price point is excellent for investors as the location for the majority of the up coming developments is on the Emirates Road ...

New Luxury Hotel to be Launched

ETA Star plans Dh8b luxury hotel projects in second half
GulfNews - Dubai,United Arab Emirates
Dubai: Property developer ETA Star, part of the ETA Ascon Group, will add Dh8 billion worth of projects to the group's luxury hotel portfolio in the second half of this year, a senior company official said. ..."I think St Regis is our premium brand. It is the most premium brand of the Starwood Group and its exclusive... The luxurious St Regis is not the only high end property on the cards for ETA....Junaid said ETA Star mitigated the risks in the construction sector, notably the high cost of building materials and labour, by appointing contractors immediately after launching its projects. ...