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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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Thursday, September 25, 2008

Al-Habtoor Leighton Group Deal on Tameer Towers Development

Habtoor Leighton Group enters deal for Tameer Towers development in Abu Dhabi
RTT News - Williamsville,NY,USA
Habtoor Leighton Group announced that it has entered into alliance deal of about AED 6.4 billion through AbuDhabi division of AI Habtoor Engineering. Habtoor Leighton specified that this deal is for Tameer Towers development in Abu Dhabi.

Out of AED 6.4 billion deal, the Habtoor Leighton Group's investment is about AED 2.1 billion. Habtoor Leighton Group expects to commence the work on this project this month. ...

UAE's Power & Desalination Industry - Future Projects Report

A Detailed Overview of the United Arab Emirates (UAE) Power & Desalination Industry - Examine Future Projects, Key Players and Major Happenings
Business Wire (press release) - San Francisco, CA, USA
Research and Markets has announced the addition of the "United Arab Emirates (UAE) Power & Desalination Industry Overview" report to their offering.

The 74-page report, United Arab Emirates (UAE) Power and Desalination Industry Overview has been compiled in order to provide an in depth overview of the water desalination and electricity sectors in UAE. This report aims at assessing the prospects for water desalination and electricity sectors by providing detailed quantitative and qualitative analysis of the historical developments of each sector, supply and demand analysis, supply and demand factors, future projects and prospects and assist in the analysis and decision making process of the readers. ...

Saudi Arabia Energy Sector $318 Billion Investment

The Kingdom of Saudi Arabia is forecast to invest around $318 billion in energy over the next few years as massive infrastructural developments are in full swing brought about by economic reforms and huge oil revenues amid high crude prices in the global markets. …

Al Hanoo Holding Marketing Plan for Sajaa District - Sharjah

Al Hanoo Holding, one the biggest active real estate companies in the region and the lead developer of the Emirates Industrial City project, has revealed part of its marketing plan for the warehouses project located in Sajaa district in the emirate of Sharjah.

Kuwait's Mega-Project Plans

Kuwait Unveils Plans For Mega-Projects
Zawya - United Arab Emirates
Kuwait plans to spend its bumper petro-dollar earnings on an array of mega projects over the next five years including a new business hub dubbed Silk City, a newspaper reported Wednesday. …

Makkah-Jeddah-Madinah Railway Project

The first phase of Makkah-Jeddah-Madinah railway project will be implemented shortly as the Saudi Railway Organization (SRO) has asked the four qualified consortia to present their technical and financial offers for the project in three months …

F Towers Project in Downtown Jebel Ali

Fakhruddin introduces Dhs900m F Towers project in Downtown Jebel Ali
AME Info (press release) - United Arab Emirates
Fakhruddin Properties, one of the leading real estate developers in the UAE, is set to introduce F Towers, a state-of-the-art tower project that will be highlighted at Cityscape Dubai 2008, which is scheduled to take place from 6 to 9 October at the Dubai International Exhibition Centre. ...

Iskandar Financial District Revealed at Cityscape Dubai

The new multi-billion dollar Iskandar Financial District is revealed in the heart of Medini Iskandar during Cityscape Dubai
Zawya - United Arab Emirates
ALDAR Properties and Millennium Development International announced that they will be leading the development of a new multi-billion dollar Iskandar Financial District (IFD), located in southernmost tip of Malaysia adjacent to Singapore, on behalf of Global Capital, an investment entity representing prominent GCC and Malaysian Investors. ...

Sovereign Wealth Funds Real Estate Investment

SWFs to invest $725 billion in real estate by 2015
Economic Times - Gurgaon, Haryana, India
The much-maligned Sovereign Wealth Funds (SWFs) are now expected to become one of the most significant investors in the world's commercial property markets, potentially investing as much as USD 725 billion over the next seven years, a new report has revealed.

According to a report released by CB Richard Ellis Group, although more than half of the SWFs are believed to already hold direct commercial real estate investments, allocations to the sector are expected to rise substantially. ...