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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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Wednesday, August 20, 2008

Dubai Properties to Launch World Exclusive Sales of Babil in the Ritz Paris

ameinfo - United Arab Emirates
Dubai Properties, a member of Dubai Holding, will exhibit in Europe's cultural capital, Paris, as part of the world exclusive sales launch of Babil, a residential development in Dubai's Culture Village. ...Yaqoob Al Zarooni, Deputy Chief Executive of Dubai Properties comments: "We are delighted to return to The Ritz Paris to offer European investors and owner occupiers the opportunity to purchase premium property in Dubai's Culture Village. ...Babil is located on the Dubai Creek and benefits from the cooling sea breeze and stunning views across to the old town. ...

Dubai Ports World Awards $750 milion Contract to Laing O'Rourke and Belgium's Dredging International.

Khaleej Times Dubai, United Arab Emirates
DUBAI - Dubai's port operator said on Wednesday it has awarded a 745 million dollars contract to British firm Laing O'Rourke and Belgium's Dredging International for the first phase of a project to develop a port and business park in Britain. ...The 400 million pounds (745 million dollars) five-year contract awarded on Wednesday "will see the construction of the first phase of the port's quay providing three berths and over 1.2 kilometres of quay," it said. ...The Dubai government-controlled DP World became one of the world's top three container port operators after its 6.9-billion-dollar acquisition of Britain's Peninsular and Oriental Steam Navigation Co two years ago....

Abdali PSC signs $300m with Sinogulf Investment

AME Info - United Arab Emirates
Abdali Development and Investment Psc announced today that a 16,823 m2 parcel, which stands as the largest land parcel to date, within the new Abdali downtown has been acquired for development by SinoGulf Investments. ...SinoGulf is a multi faceted, Islamic asset management and investment company with business activities in Islamic financial services, asset management, project finance and development management. ...

Timelinks To Unveil Ziggurat Project - 2.3 Square Kilometer Pyramid

Powering the Pyramids of the future
RedOrbit, TX -
Dubai-based Timelinks, a pioneering environmental design company, is to unveil a city of the future at the upcoming Cityscape Dubai which takes place at the  the Dubai International Exhibition Centre... The city called the Ziggurat project will be in the shape of a futuristic pyramid which, according to Timelinks, could support an entire community of up to one million people by harnessing the power of nature. ...But it is not just about reducing the carbon footprint. The 2.3 square kilometre pyramid has many other benefits. "Whole cities can be accommodated in complexes which take up less than 10% of the original land surface....