Drake & Scull Wins Sahara Centre Expansion Project

Drake & Scull wins Dhs140m Sahara Centre expansion
AME Info - United Arab Emirates
Drake & Scull International PJSC (under incorporation) ('DSI' or the 'Company'), a leading UAE service provider of mechanical, electrical and plumbing ('MEP') contracting and civil contracting, announced that it has been awarded the MEP contract and the Engineering, Procurement and Construction ('EPC') contract of the chilled water plant for the Sahara Centre Shopping Mall expansion in Sharjah.

Aldar Developments: Al Raha Beach and Yas Island at Cityscape USA 2008

Aldar builds bridges to the Big Apple
AME Info (press release) - United Arab Emirates
Aldar Properties heads to the 'Big Apple' New York City, New York, bridging ties between the US property investment market and the emerging market in Abu Dhabi. ...Representing itself as a new gateway to the Middle East, Aldar is bringing to Cityscape USA 2008 two of its world-class sustainable integrated developments: Al Raha Beach and Yas Island. ...

West Avenue Luxury Manhattan Style Complex Dubai Marina Launched

Select Property Launch Manhattan-style development on Dubai Marina
Express PR
Press Release Summary: Select Property, UK based overseas property developer, launch new 32 storey luxury Manhattan style Dubai Marina complex following six previous sell-out off-plan developments.

Press Release Body: UK based overseas property developer Select Property has launched West Avenue, a 32 storey luxury Manhattan style complex on one of the last remaining plots on Dubai Marina.

Sherwoods Properties at Cityscape USA 2008

Sherwoods to showcase premium Dubai, Abu Dhabi and Ajman properties at Cityscape USA 2008
AME info
Sherwoods Independent Property Consultants has announced today that it will showcase a selection of premium projects to potential clients in the US real estate market when Sherwoods participates in the Cityscape USA 2008 exhibition being held at the Javits Centre in New York from September 10 to 11, 2008. ...

Sherwoods' key projects that will be showcased during the event are the Ocean Pearl and Marina Rise in Abu Dhabi's Al Reem Island; the Royal Bay in Dubai Waterfront, the SIT Tower in Dubai Silicon Oasis, the Berlin City Centre in Dubai and The Crest in Marmooka City, Ajman.

Luxury Penthouses in Dubai Designed by Salvatore Ferragamo

Ferragamo to design luxury penthouses in Dubai
Reuters India - Mumbai,India
MILAN (Reuters Life!) - Italian luxury goods maker Salvatore Ferragamo, which has plans for a market listing, is to design the interior of penthouses in Dubai as part of an agreement with real estate firm Trident International Holdings.
The Florence-based company said on Tuesday it would design the interior of several luxury penthouses in the 'Pentominium' tower, to be completed in 2012.

Abu Dhabi Chamber of Commerce and Industry (ADCCI) Report

UAE: Real Estate Financing Sector to Touch Dh150B
Zawya - UAE
ABU DHABI - The unrealistic growth on the real estate sector due to speculation is a serious challenge that has put real estate financing on higher risks, says a report by the Abu Dhabi Chamber of Commerce and Industry (ADCCI).

In a research report, Abu Dhabi's main trade body has said that real estate financing in the emirate is projected to shoot up to Dh150 billion over the next five years, driven by Dh1.3 trillion in construction projects announced so far, record surge in demand for housing units and soaring rents of residential apartments.

Shanghai World Financial Center Third Tallest Tower in the World Opens

Tallest Tower Opens in Shanghai China

Homesgofast.com - London,UK

The Shanghai World Financial Center was officially opened last week as the tallest building in mainland China. It is the third tallest in the world after the Burj Dubai and Taipei 101. The building stands 492 meters tall and has 101 floors above ground level, with an additional three floors below ground.

Nakheel to Invest in US, Britain and Australia

Major Dubai developer plans more investment worldwide
Property Wire - St. Albans,England,UK
Dubai-based developer Nakheel plans to capitalise on the global downturn in property markets by acquiring further real estate assets overseas. The real estate firm is looking at further investments in the US, Britain and Australia in the next 12 to 18 months as a result of the property price downturn in these countries. ...So far in 2008, more than 6,100 Nakheel units have been sold. That amounts to 97% sold and 3 % reserved which exceeds the developer's targets. ...

Delano Dubai Launched by Morgans Hotel Group Co (MHG)

Morgans Hotel Group launches international expansion with new Delano in Dubai
Business Intelligence Middle East (press release) - United Arab Emirates
UAE. Morgans Hotel Group Co (MHG) announced the development of Delano Dubai with a leading real estate development firm, marking the commencement of MHG's international expansion. Delano Dubai will be operated by MHG under a long-term management contract and is expected to open by 2012.

Global Investment House (Global) Announces Acquisition

Global's GCC Real Estate Fund-II Announces its First Acquisition
Zawya - United Arab Emirates
Kuwait - Global Investment House (Global) announced today the successful acquisition of its first asset in the Global GCC Real Estate Fund-II .Global seeded the fund with USD50million. The Global GCC Real Estate Fund-II is a USD500million close-ended fund that was launched in July 2008 dedicated to capitalizing on investment opportunities in the GCC region.