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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 30, 2008

MOU to Set up Glass Manufacturing Facility Near Chennai

Dubai Group To Invest Rs.1,500 Cr. In Float Glass Manufacturing/Heavy Engg. Industrial Facilities In TN
Nasdaq Tue, 30 Sep 2008 5:01 AM PDT
A memorandum of understanding was inked on Monday between the Tamil Nadu State government and a Dubai-based industrial group, Harsha, to set up a float glass manufacturing facility and a heavy engineering industrial unit near Chennai at a cost of Rs.1,500 crores to cater for oil and gas, energy and power sectors, according to media reports. ...

Colliers International Real Estate Dedicate Capital Investment Division to UAE

Colliers International UAE launches Capital Investment Division
Middle East North Africa Financial Network - Amman,Jordan
Colliers International, one of the world's largest real estate consultancies, adds investment services to its UAE business operations with the launch of its dedicated Capital Investment Division. The new business unit has been established to satisfy growing demand for high quality investment opportunities in the booming Middle East region. ...

Al Benaa and KCMCC Forms Al-Shoula Properties

Abu Dhabi to have new real estate company
Zawya - United Arab Emirates
Al Benaa Real Estate has announced a joint venture agreement with Kuwait Commercial Markets Complex Co. (KCMCC) for setting up a real estate company.The new company, called Al Shoula Properties, will be based in Abu Dhabi.
Initially targeting the UAE's property sector and related markets, Al Shoula's plans for the medium term include expansion, where opportunities arise, into global markets.

Arabtec Targeting Dhs 2.94 Billion Projects in Saudi Arabia

Firms Diversify Outside UAE on Liquidity Constraints
Khaleej Times - Dubai, United Arab Emirates
It quoted Riad Kamal, chief executive of the Dubai-based construction firm, saying Arabtec expects to clinch three contracts valued at Dh2.94 billion (three billion riyals) in Saudi Arabia by next year. "Saudi Arabia has a very big and solid market and there are a limited number of contractors there but huge projects are being developed, ...

Bay Terrace, H Tower and Rubix Residential at Cityscape 2008

Bay Terrace in Business Bay, H Tower in Al Meydan City and the Rubix residential buildings in Dubai World Central expected to be top attractions of high-profile exhibition. ..."Cityscape Dubai will serve as the perfect platform to generate market exposure for these exciting, new projects because of the event's excellent reputation ...

Dubai Real Estate at International Property Show Moscow 2008

Dubai to Put Properties on Show at Crocus City
The Moscow Times - Russia
The International Property Show Moscow 2008, a high-profile exhibition aimed at showcasing Dubai real estate, is set to run at the Crocus Expo from Nov. 12 to 15.
"The high potential of Russian-based investors to make large-scale investments into the booming Dubai real estate market has prompted us to bring the 'International Property Show' to their market ...