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Real Estate News Alert

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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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Tuesday, September 16, 2008

Dubai Holding Shareholder of Mazaya Saudi

Dubai Group buys into Saudi real estate developer
ArabianBusiness.com - Dubai, Umm al Qaiwain, United Arab Emirates
Dubai Group, a subsidiary of Dubai Holding, said on Sunday it had become a founding shareholder in real estate company Mazaya Saudi for Commercial Investment (Mazaya Saudi) after subscribing to a 20 percent stake for approximately 500 million dirhams ($135 million). ...

Abraaj Capital and Capital Investment Partnership

Abraaj Capital and Capital Investment enter into strategic partnership for Acibadem Healthcare Services
Zawya - Dubai, United Arab Emirates
Abraaj Capital, the premier investment firm specialising in private equity investment in the Middle East, North Africa and South Asia (MENASA) region, announced today it has entered into a strategic partnership with Capital Investment LLC, a leading private institutional investment house based in Abu Dhabi, to support the domestic growth and international expansion of Acibadem Healthcare Services, Turkey's leading healthcare provider, which is one of Abraaj Capital's portfolio companies. ...

Azizi Investments Developer Awards P&T Architects - its Mina Rashid Development Tower

Azizi Investments joins forces with P&T for Mina Rashid development
ArabianBusiness.com (press release) - Dubai, Umm al Qaiwain, United Arab Emirates
Azizi Investments, the Dubai based multi national property developer, has today announced the appointment of P&T Architects and Engineers Ltd to design the company's proposed G+45 tower at Mina Rashid. P&T is expected to reveal plans of the development soon.
The mixed-use, high rise tower is to be built at Mina Rashid, the redevelopment of old Port Rashid that is being master planned by Nakheel. ...

United Engineering Construction Awarded AED 400 Million Contract by Schon Properties

Schon Properties Awards AED400 Million Contract to United Engineering Construction
Zawya (press release) - United Arab Emirates
Dubai, September 14, 2008: Schön Properties has awarded a lucrative contract to United Engineering Construction (UNEC). The AED400 million-deal is for the construction work on Schon Business Park, the project that will provide much needed flexible commercial spaces for start-up businesses or multinational companies relocating to Dubai. ...

EDARA Project Managers for Courtyard Marriott Downtown Jebel Ali

EDARA announced as project managers for the prestigious Courtyard by Marriott Downtown Jebel Ali Project
AME Info (press release) - United Arab Emirates
EDARA L.L.C, one of the region's leading Project Management companies, has been officially appointed as the project managers for the prestigious Courtyard by Marriott Downtown Jebel Ali (CYMDJA) Project.
The project site, which comes under the auspices of Integra International FZCO, is located in Downtown Jebel Ali in Dubai's Medina district. ...