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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 25, 2008

Cruise Liner, Queen Elizabeth 2 to Anchor at Nakheel's Palm Jumeirah

Nakheel Unveils Location for Queen Elizabeth 2
India PRwire (press release) - Gurgaon,Haryana,India
Nakheel has revealed the new home for the world famous cruise liner, QE2, as the anchor of a luxurious marina development on the eastern trunk side of Palm Jumeirah. ...
Plans for the QE2 include its transformation into an ultra-luxury floating hotel, featuring public promenades, retail outlets, cafes and restaurants, as well as a heritage museum displaying artifacts from the QE2 and maritime history. ...

New 33 Storeys Tower Project at Dubai Marina Awarded to Dubai Contracting Company DCC

Dubai Contracting Company awarded Dhs265m contract for new residential tower at Dubai Marina
AME Info (press release) - United Arab Emirates
Dubai Contracting Company (DCC) was recently awarded the main contract to build a new residential tower in Dubai Marina valued at Dhs265m. ...Erga Progress are the consultants on the project, on which construction is expected to start before the end of this year and be completed within 27 months....

South Lebanon Center, Foundation Stone Laying by UAE Ambassador

UAE ambassador lays foundation stone for South Lebanon center
Daily Star - Lebanon - Beirut,Lebanon
By Mohammed Zaatari AL-ZALLOUTIYEH: United Arab Emirates (UAE) Ambassador to Lebanon Sultan bin Youssef al-Soueidi reiterated his country's support
for Lebanon, while laying the foundation stone for an events center in Al-Zalloutiyeh in South Lebanon on Satarday.

 

488 Hotels and Hotel Appartment for Dubai Visitors

Tapping mass market will boost Dubai's visitors to 15m by 2015
GulfNews - Dubai,United Arab Emirates

Dubai: Dubai expects to attract 15 million tourists by 2015, but this will not be achieved unless it extends its focus to include the mass market as well as luxury. ...chief executive of Alpha Tours, Gassan Aridi, said Dubai needed to start tapping in to markets outside the luxury one, which is its prime focus at present, in order to achieve such a growth in the number of visitors to the emirate. ...the number of hotels and hotel apartments are expected to increase to 488 by 2010, increasing from 452 in 2007.
...Luxury developments to open this year include Atlantis The Palm and The Address, Downtown Burj Dubai, a 63-storey tower offering a five-star experience close to the world's tallest building, the Burj Dubai and the world's largest shopping and entertainment destination, the Dubai Mall. ...

Chapal Real Estate Ajman: Dhs400 Million in Sales Upon launch of Flora Villas

Chapal Flora villa sales hit Dh400m at launch
GulfNews - Dubai,United Arab Emirates
Dubai: Chapal Flora Residences. a cluster of villas being built in Ajman, has fetched Dh400 million in revenue as soon as sales were launched, a top official at Chapal Real Estate said. ...Located on Emirates Road, the project offers two-. three-, four- and five-bedroom duplex villas and town houses. ...The company entered the UAE market two years ago to tap the vast opportunities in the lreal estate market. It is developing towers in Dubai and Ajman, with portfolio valued at more than Dh20 billion
.

Gate Towers at Shams Abu Dhabi on Al-Reem Island to be Financed

ADCB to finance sales of Sorouh's residential project
GulfNews - Dubai,United Arab Emirates
Dubai: Sorouh Real Estate has signed a memorandum of understanding with Abu Dhabi Commercial Bank (ADCB) for the financing of residential sales at The Gate Towers, part of Sorouh's flagship project Shams Abu Dhabi, being built on Al Reem Island. ...The Gate Towers is located at the entrance of Shams Abu Dhabi, and is an eight-tower, mixed-use development that includes the 74-storey Sky Tower and the 65-storey Sun Tower.

Cityscape USA 2008: Damac Properties is One of the Main Participants

DAMAC Properties to Participate in Cityscape USA 2008
PR-USA.net (press release) - Varna, Bulgaria

Cityscape USA will take place on September 10th and 11th and will be an opportunity to network with some of the largest real estate investors and developers across the globe... Luxurious developments from DAMAC Properties include projects from various countries such as Egypt, Jordan, Saudi Arabia, Lebanon, Qatar and UAE spread across 670 million square feet, worth in excess of US$ 45 billion. ...Cityscape USA 2008 is expected to attract over 5,000 international investors, developers, governmental and development authorities, architects, designers, consultants and other professionals involved in the real estate industry. ...
 
Cityscape Dubai will take place on October 5th to 9th and the calendar of events will be include: David Fisher's Rotating Tower

Al Lissaily Development at Al-Raha Beach Abu Dhabi

Al Raha Beach
Al Lissaily is a uniquely considered design that encapsulates the water features of Al Raha Beach and formalizes them to create a truly wonderful series of heritage waterside homes...The villas here are built in the traditional Arabic majlis style with colonnades, arcades and galleries around a central courtyard, but freshened with a clean contemporary touch and an uncompromisingly luxurious finish.

Al-Lissaily at Al-Raha Beach is being developed by property developer ALDAR Properties PJSC in Abu Dhabi.