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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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Saturday, September 27, 2008

Megaproject Details to be Released by Dubai Properties at Cityscape 2008

Dubai Properties to Showcase and Release Megaproject at Cityscape 2008
Zawya (press release) - United Arab Emirates
Dubai Properties, leading master developer and a subsidiary of Dubai Properties Group (DPG), today announced it will release details on its new projects and showcase existing developments at Cityscape Dubai 2008, one of the largest business-to-business real estate investment and development events in the world. ...

Dubai Properties Released Space for Sale

Dubai Properties Releases Space for Sale at Dh6 Billion Bay Square
Middle East North Africa Financial Network - Amman, Jordan
Dubai Properties, a subsidiary of Dubai Properties Group, has announced it has released a fresh set of residential and commercial space for sale, the third among 13 buildings to be offered to investors at the Dh6 billion Bay Square, the trendy community development within Business Bay. ...

Chris O'Donnell of Nakheel: Dubai Property 'Not a Crash Risk'

Dubai 'not a crash risk'
Property News - London,England,UK
Chief executive of real estate development firm Nakheel Chris O'Donnell said that the market in the emirate will see some change, but the best developments ...
Dubai property 'not at risk of crash'
Overseas Property and Investment News - London,UK
Chris O'Donnell, the chief executive of real estate development firm Nakheel, has said that while the market in the emirate will see some change, ...
 

Minerva Plc Bid Abandoned by Dubai Government

Minerva Plunges After Dubai Drops Bid for Developer (Update2)
Bloomberg
Sept. 26 (Bloomberg) -- Minerva Plc , the unprofitable developer of two of London's largest office projects, fell by a record after the Dubai government's property-investment unit withdrew a 258 million-pound ($474 million) offer.

Dubai Withdraws Bid for Minerva After Failing to Get Backers
Bloomberg
Sept. 26 (Bloomberg) -- The Dubai government's property- investment unit abandoned a bid of 258 million pounds ($456 million) for Minerva Plc after failing to get its backers to support the offer. Minerva shares fell as much as 33 percent.

New Phase of Business Bay & Ras Al-Khor Crossings Project - 1.5 Billion Dirhams

RTA Dubai Opens a New Phase of Ras Al-Khor & Business Bay Crossings
Dubai City Guide - Dubai, United Arab Emirates
Roads & Transport Authority (RTA) is opening a new phase of Business Bay & Ras Al-Khor Crossings Project. The Project is part of Ras Al-Khor & Business Bay Improvement Project undertaken under four separate contracts at an aggregate cost exceeding 1.5 billion Dirham. ...

60 New Hotels Under Development in Dubai by 2012

Dubai's Jumeirah says to have 60 hotels by 2012
Khaleej Times - UAE
Dubai-based hotel operator Jumeirah Group said on Friday global financial turmoil had so far had little impact on investment sentiment in the luxury market, adding it expects to have 60 hotels in operation or under development by 2012....