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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, September 3, 2008

Construction Alliance to Build Tamer Towers Project

Construction Alliance Formed to Build Dh8 Billion Tamer Towers Project
Khaleej Times - Dubai,United Arab Emirates
ABU DHABI — Real estate developers Tameer Holding Investment and Sorouh have formed an alliance with three leading engineering and construction firms - Al Habtoor Engineering, Murray & Roberts and Al Rajhi Projects to build Dh8 billion Tameer Towers project in Abu Dhabi. ...

ALDAR's New Payment Technology for Construction Projects in the UAE.

ALDAR Introduces Revolutionary Payment Management Technology
Zawya - United Arab Emirates
Abu Dhabi - ALDAR Properties,
the leading Abu Dhabi-based integrated property, investment, and management company, is introducing a new payment management system that is set to revolutionize cash flow management and cost effectiveness of construction projects in the UAE and the region.

Dubai Islamic Bank to Buy Stake in Jordan Bank

UPDATE 1-Dubai Islamic Bank to buy majority in Jordan bank
Reuters - USA
DUBAI, Sept 2 (Reuters) - Dubai Islamic Bank DISB.DU (DIB) said on Tuesday it would buy a majority stake in Industrial Development Bank of Jordan INDV.AM with a view to converting it into an Islamic-compliant institution.

Emaar Pakistan Awards Crescent Bay's Piling to Paragon Construction

Emaar Pakistan signs agreement with Paragon Construction for piling work of towers in plot 7 & 8 of Crescent Bay
Zawya - United Arab Emirates
Karachi, Pakistan - Emaar Pakistan, the country-subsidiary of global property developer Emaar Properties PJSC, has awarded the piling work contract for towers in plot 7 & 8 within Crescent Bay to Paragon Construction, a leading Pakistani company. Crescent Bay is the pioneering master-planned community being developed by Emaar Pakistan and is part of a multi-billion dollar investment by the company in the country's real estate sector. ...

Master Plan for Manchester City Owners

Arabian might at Eastlands
BBC Sport - UK
By Simon Austin Playing down expectations is clearly not part of the master plan for Manchester City's new Middle East owners.
As news of the deal was being digested, Abu Dhabi United Group (ADUG) was promising to make City "bigger than both Real Madrid and Manchester United" and planning January transfer moves for Cesc Fabregas and Cristiano Ronaldo.

Height Restrictions Lifted in Chennai

Master plan lifts height restrictions in Chennai
Times of India - India
CHENNAI: The city's chief planning agency, the Chennai Metropolitan Development Authority (CMDA), has set in motion the process of redrawing its skyline. With the second master plan, cleared by the Tamil Nadu cabinet last week and released here on Tuesday, the agency has lifted vertical restrictions and eased the process of building high-rises in the city for commercial and residential use.

Tameer Towers to be Completed by 2011

Tameer Towers set for 2011 completion
GulfNews - Dubai,United Arab Emirates
Abu Dhabi: Real estate developer Tameer plans to hand over the residential phase of its Tameer Towers in Abu Dhabi in June 2011, and the commercial stream will be handed over to the buyers the following December, a senior company executive told Gulf News in an interview....

Real Estate Expo Tour: Dubai, Abu Dhabi and Kuwait

Real Estate Expo Announces Middle East Tour
MarketWatch - USA
American Real Estate Show - Special Edition, Is Going on the Road With Its Middle East Tour; It Will Be Held in 3 Cities Within 1 Week -- Starting in Dubai (Oct. 13), Abu Dhabi (Oct. 15), and Ending in Kuwait City (Oct. 16)

Real Estate Expo will shift into action in October of 2008 with its Middle East Tour. This international Real Estate Show is currently one of the only venues that offers its participants the opportunity to meet and speak with international investors from the Middle East in these exclusive receptions. ...

Kuwait's National Real Estate Company Expansion Planed.

Real estate firm eyes push in key markets
Gulf Daily News - Manama,Bahrain
Real estate firm eyes push in key markets. KUWAIT CITY: Kuwait's National Real Estate Company (NREC), a major investor in logistics firm Agility, wants to expand into markets from Syria to South Africa and is considering selling Islamic bonds later this year, its chief executive said.
...

 

Giorgio Armani’s Villa Project in Marassi - Egypt

Armani will design villas for Dubai developer's project in Egypt
International Herald Tribune - France
Giorgio Armani's next project with Emaar Properties will be the Armani Residences in Marassi, the Dubai-based developer's massive master-planned project in Egypt. ... Armani will "personally design" villas for the project, the first villas to carry the Armani brand according to Emaar press release...