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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 24, 2008

Solidere's Downtown Beirut. Plus Tower 1 and Plus Towers 2

Plus Towers 1 and 2 registers USD 95 Million worth sales in Beirut within 48 hours of their launch
Zawya - United Arab Emirates
Plus Properties, an upcoming real estate developer in the Middle East, has announced its foray into the Lebanon Real Estate Market with the launch of two luxury residential properties in Solidere's Downtown Beirut. Plus Tower 1 and Plus Towers 2 will be located within the Beirut Gate project.

The pre-launch offer for Plus Towers - the first time such an offer was introduced in Lebanon - received an overwhelming response from Lebanese and expatriate international investors at a two-day event held recently at Al Habtoor Grand Hotel. ...

The Vantage at Waterfront Launched by: Cirrus Developments LLC

Cirrus reveals The Vantage at Waterfront
AME Info (press release) - United Arab Emirates
Cirrus Developments LLC, one of the fastest growing developers in the region, has launched a landmark tower, The Vantage, to great acclaim. Investor response to this new building has been emphatic.
The Vantage is located on a prestigious plot in Waterfront which has been deemed 'iconic' by the master developer, Nakheel. ...

Simplex Infrastructures Ltd to Construct Second Tower in Dubai

Simplex Infra bags Rs 630 cr Dubai order
Business Standard - Mumbai,Maharashtra,India
Simplex Infrastructures Ltd today announced that it has bagged an order Rs 630 crore for construction of the second tower of the Twin-Tower Complex in Dubai. The project is scheduled to be executed over the next 30 months. ...

First Dubai Real Estate Development Company to Take Over First Waterfront Company

First Dubai prepares to execute large development plan
Zawya (press release) - United Arab Emirates
First Dubai Real Estate Development Company, a subsidiary owned by Al Mazaya Holding, has successfully increased its capital assets from KD 22 million to KD 94 million in a two weeks period, thus enabling the company to proceed with its plan to take over First Waterfront Company.
First Dubai intends to raise its capital even further, to KD 100 million, within the first week of October. ...


Sunway Holdings Bhd’s Awarded Contract in Arzanah, Abu Dhabi

SunCon wins RM1.8bil Abu Dhabi housing job
Malaysia Star - Malaysia
Sunway Holdings Bhd's unit has been awarded a RM1.8bil contract for construction works at the Rihan Heights in the United Arab Emirates. The mixed housing project is located in Arzanah, Abu Dhabi.
SunCon senior managing director Datuk Tan Kia Loke said the latest contract would boost SunCon's order book to about RM3.3bil, of which more than 60% were from overseas. ...

Emirates Thermostone: 4 Major New Projects in UAE

Emirates Thermostone secures AAC contracts for 4 major projects in UAE
ArabianBusiness.com (press release) - Dubai,Umm al Qaiwain,United Arab Emirates
Emirates Thermostone, a wholly owned subsidiary of M'Sharie, the private equity arm of Dubai Investments PJSC, has secured contracts worth AED 9.4 million to supply AAC (Autoclaved Aerated Concrete) construction materials for four major projects in the UAE – a 5-star hotel in Abu Dhabi, mixed-use developments in Ras Al Khaimah and Al Nahda, and the Dubai Silicon Oasis project. ...

Aqaar Properties Ajman: Two Major New Developments

Aqaar seeks to raise portfolio to Dh7b with two new projects
GulfNews - Dubai,United Arab Emirates
Ajman-based developer, Aqaar Properties, is hoping to raise its portfolio to around Dh7 billion by the end of this year, following two major new developments in Ajman to be announced next month.
 
Aqaar will launch phase two of its first project, the Dh2.7 billion Ajman One, a mixed-use development which covers over 775,001 square feet. ...