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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 18, 2008

UAE Oil and Gas Investments

BASF energy arm readies UAE projects
Gulf Times - Doha,Qatar
DUBAI: BASF's oil and gas unit Wintershall Holding plans to explore for crude in the United Arab Emirates as part of a plan to challenge rival oil majors for access to Arabian Gulf reserves, an official said. ...In Abu Dhabi, which accounts for almost all the UAE's crude production of about 2.6mn bpd, first announcements of joint activities with IPIC are "realistic"... "We're in the process of evaluating first opportunities, with focus on Abu Dhabi," Schmidt said. IPIC presently manages global energy investments worth about $13bn for the Abu Dhabi government. ...

UAE Investment in Theme Parks

UAE investment in theme parks to surpass $62bn by 2012
AME Info (press release) - United Arab Emirates
The UAE with its dramatic pace of development is all set to dazzle the world with over 30 multi-faceted entertainment resorts and theme parks being built until 2012 with a projected investment of $62bn according to CMPi UAE organizers of Middle East Attractions, Amusements, Parks, Leisure and Entertainment International Trade Exhibition (MEAAPLE). ...There is demand from a wide spectrum of facilities including Culture & Arts, Heritage Villages, Theme Parks, Hotels & Resorts, Recreational & Leisure Parks, Retail & Shopping Malls and Cinemas & Multiplexes, Water Parks, Amusement Parks, Zoos & Wildlife Parks, Golf Courses, Family Entertainment Centres, Museums & Science Centres, Aquariums, Sports & Spa Clubs, Health & Fitness Clubs, Equestrian & Polo Clubs.  ...

Hydra Properties Corporate Towers at Al-Reem Island

Hydra Properties completes excavation work for Corporate Towers at Al Reem Island
AME Info (press release) - United Arab Emirates
Hydra Properties, the leading UAE-based international property developer, announced the completion of excavation work for iconic Hydra Corporate Towers located at Al Reem Island in Abu Dhabi.... Hydra Corporate Towers located at Al Reem Island. Reaffirming his commitment to remain as a real estate trendsetter, Dr. Sulaiman Al Fahim, Chief Executive Officer... The project is expected to be completed by September 2011, and is executed by Tafseer Contracting Company while National Engineering Bureau acts as the engineering consultancy. ...Hydra Properties' major ventures in the UAE include Hydra Village Abu Dhabi, Hydra Avenue Towers, Hydra 55, Marina Spirit, Abu Dhabi Golf Walk, Hydra Corporate Towers, Hydra Heights, Hydra Downtown Towers Dubai, Hydra Towers Business Bay Dubai and Hydra Twin Towers, Jumeirah Village, Dubai.

ALDAR Properties' Mortgage Solutions for Al-Raha Beach Project

ALDAR Aligns with Barclays Bank UAE
Al-Bawaba - Amman,Jordan
ALDAR Properties, the leading integrated property, investment, and management company today announced a strategic tie up with Barclays Bank Plc, UAE ('Barclays') to provide mortgage solutions for ALDAR's Al Raha Beach projects. ...ALDAR's projects are built, designed, and intended for a diverse audience. Bringing Barclays into our portfolio of banks to extend financial solutions demonstrates ALDAR's keenness on placing the widest possible choice...Barclays will offer mortgage solutions to ALDAR's developments on Al Raha Beach, dubbed the ultimate waterfront city, consisting of eleven precincts each with its own distinct character and appeal. ...

UAE Groups Aiming to Invest in Vietnam Real Estate & Infrastructure

Vietnam, UAE agree to promote cooperation
VietNamNet Bridge - Hanoi,Vietnam
Vietnam and the United Arab Emirates (UAE) have signed a cooperation agreement on investment, finance, trade and labour during a recent visit to the UAE by a Vietnamese government delegation,... the delegation met with leading UAE economic groups, including Tanouh, Mubadala, Etisalar, Al Qudra, Bhoom Al Masdar, Limitless of Dubai Work and the Trade Ministry of the UAE. ...

Anti-Corruption: Dubai Rages War on Corrupted Public & Private Sector

Global Infrastructure Anti-Corruption Centre

GIACC provides independent assessment of the adequacy of government, ... Anti corruption advice: GIACC advises stakeholders on corruption related issues. ...

Anti-Corruption Dubai

The series on Anti-Corruption and Corporate Ethics is moving to Dubai for a review of the Dubai and Gulf region compliance efforts. Hear from local and international companies and their role in dealing with anti-bribery and FCPA issues in the region.

Al-Gurm Villas Abu Dhabi - UAE

Al Gurm Villas
Al Gurm Villas. Abu Dhabi, United Arab Emirates. The project consists of a high quality gated waterfront development. The project is located along the Western Ring Coast Road ...The development itself is visualized as a protected water development. It is envisaged that the villas will sit at the edge of the main and existing shoreline, whilst the resort will be within the reclaimed water areas. ...

Emaar MGF Won Part of DDA’s Tender - India's Commonwealth Games Village

Commonwealth Games Village will put Delhi in top league
Economic Times - Gurgaon,Haryana,India
Leading developer Emaar MGF won, as a part of DDA's global tendering process, this Public Private Partnership (PPP) initiative which will be one of the most... The development will incorporate the best international practices and standards not only from a design perspective, but include modern energy solutions, including solar power for common areas, VRV technology air-conditioning systems, apart from comprehensive security systems like video phones," said an Emaar MGF official. ... The village is spread over 34 towers and international architects & designer SRSS of Singapore is working on the project ...

New Real Estate Projects by Limitless Above the Present $100 Billion

Limitless seeks more global openings after subprime crisis
Khaleej Times - Dubai,United Arab Emirates
DUBAI - UNFAZED by subprime crisis in the United States and Europe, Limitless will continue to explore more opportunities across the world, a top official of the company said. ...In an exclusive interview with Khaleej Times, Saeed said Limitless currently has $100 billion projects in seven countries and will announce new projects in Europe, North Africa, the Middle East, South Asia and the Far East at an appropriate time. ..."Downtown Jebel Ali, our first project in Dubai, is well underway. Our first four commercial buildings are completed and being prepared for handover. ...

UAE Enegry Power Demand $10 Billion by 2018

New alternative energy source discoveries
AME Info (press release) - United Arab Emirates
Dr. Abdulla Al Amiri, Chairman of the Emirates Energy Awards, a subsidiary of Dubai Quality Group, said: 'There is a consistent interest in using ebb (see Below) and... GCC countries are currently developing 114-120 energy-generating projects, collectively worth between $160m and $220m, and expected to grow, according to international growth rates, to $132m. These coun ...

UAE needs $10b to satisfy energy demand by 2018

Dubai: The UAE will need $10 billion to satisfy energy demand in the next ten years, due to increasing development and projects on land that are growing at the rate of 12 per cent each year... Dr Abdullah Al Amiri, chairman of the Emirates Energy Awards, a subsidiary of the Dubai Quality Group, said, "There is a consistent interest in using ebb and flow movements and river outlets to generate power, by letting large amounts of water flow into thin canals ...

Other sources of Renewable Energy:

Biofuels
Biomass
Geothermal
Hydro power
Solar power
Tidal powee (ebb)
Wave power
Wind power

Deyaar's CEO: Markus Giebel Appointed 17 August 2008

Deyaar Names Markus Giebel CEO After Shahin Scandal

Zawya Dubai, United Arab Emirates
Deyaar Development has appointed Markus Giebel, Giebel replaces Zack Shahin Deyaar's former chief executive, who has been detained by Dubai Police since April for alleged embezzlement. ...Giebel has served as the former CEO and member of the Board of Directors since 2004 of Vedera Capital, a UAE-based investment firm specialising in real estate and financial services.