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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, October 14, 2008

CH2M Hill Awarded UAE Nuclear Contract

UAE awards nuclear contract to CH2M Hill -agency
Reuters - India
Emirates Nuclear Energy Corp (Enec) has awarded U.S.-based company CH2M Hill a 10-year contract to manage the United Arab Emirates' planned civilian nuclear power programme, the official WAM news agency reported. ...

Five Star Super Deluxe Hotel in Glasgow

A Dubai-based company unveils plans for a "super deluxe" hotel
BBC News
Jumeirah Group hopes to open the 26-storey development in the city's Argyle Street in 2011. The hotel would have 160 guest rooms and suites and 85 serviced apartments. It would also feature a rooftop cocktail lounge, restaurants and bars. The development would be Jumeirah's fifth hotel in Europe and its first in the UK outside London.

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RTA Announces Water Transport Project

Dh178-million water transport plan for city
XPRESS - Dubai, Dubai, United Arab Emirates
Dubai transport officials on Monday rolled out a new Dh178 million ($50 million) project to bring 10 major ferries to the city by 2010.
Alternative modes of transport should alleviate growing traffic jams, said officials.
At a press conference, Roads and Transport Authority Chairman Mattar Al Tayer unveiled plans for a 32-metre long catamaran ferry that will move three million passengers a year from Dubai Creek to the city's offshore islands ...

Dubai's Most Exclusive Residence Dubawi Rekindles

Zabeel Properties unveils first impression of Dubai's most exclusive residence
Zawya (press release) - United Arab Emirates
Dubai, UAE: Zabeel Properties has unveiled an artist's impression of a stunning new island development being built off the crescent of Palm Jumeirah.
The leaf-shaped Dubawi Island Resorts & Spa resort will boast a luxury hotel and some of the most exclusive residences in Dubai - all waterfront villas, to be constructed in a tropical island setting. Dubawi rekindles the original name for a resident of Dubai before becoming part of the newly formed United Arab Emirates. . ...

Lamar Towers in Jeddah Awarded to ACC

Arabian Construction Company - ACC - has been awarded the 885 million SR construction contract for Lamar Towers in Jeddah. The piling work of the project was by Kasktas Arabia Ltd. a year ago and the impressive name in the world of construction, ACC, will be mobilizing on the site from date of award 

Baghdad Project Unveiled by Al-Maabar

Al Maabar unveils $9.9bn Baghdad project
Trade Arabia - Manama, Bahrain
Al Maabar said it has launched a $9.9 billion mixed-use development in Baghdad comprising clusters of residential units, a commercial district, a golf course a technology center and a hospitality district.
Al Maabar, is a joint venture between real estate giants Al Qudra, Sorouh, Aldar Properties, Reem International and Reem Investments. ...

Sorouh's Development in Egypt and Morocco.

Sorouh Real Estate grows in Morocco, Egypt
Zawya - United Arab Emirates
Located 25km outside Cairo city centre, the Abu Dhabi-based developer's Egypt property will provide an integrated community within easy reach of all major amenities. ...

New Town Will Cost UAE’s Government $200 Million & Private Sector to Pump $4 Billion

UAE firms to pump $4bn into country
Online - International News Network - Islamabad, Pakistan
KABUL: Companies from the United Arab Emirates (UAE) will invest $4 billion in Afghanistan and the Arab country's government will build a brand new town in the province of Kabul.
Government officials landed in Kabul on Sunday with a 16 member delegation which has been set the task of investigating the investment opportunities in Afghanistan. The new town will cost UAE's government $200 million. ...

UAE Government Guarantees to Safeguard Investors' Money




With the Global financial markets in turmoil, finding a safe place to invest your money seems an impossibility. Not only has the bottom fallen out of the stock market but the traditional low risk investment of placing your money in a high street bank is also no longer a safe option.

It is therefore great news for those people who do have money to invest, that the United Arab Emirates (UAE) Government has announced that it will guarantee all deposits and savings in all its National banks. This means that every penny of your cash that is held in a UAE Bank, including Dubai and Ras Al Kahimah, will be protected by the UAE Government.

Purchasers are protected
Any money paid will be held in Escrow in a Dubai bank - meaning that all your investment is fully protected and guaranteed by the UAE Government. As well as protecting your money, Dubai and Ras Al Khaimah are markets that are continuing to grow even in the current situation, so your money is not only protected but you will be making a profit on your investment as well.

Benefit from 20% Growth & 100% protection of your cash.
There has never been a better time
to invest in the UAE.

A UK leading specialist in off-plan overseas investment property announced

Solace Properties Project on Al-Reem Island, Abu Dhabi

Solace Properties unveils Dhs700m project
AME Info (press release) - United Arab Emirates
Solace Properties, an Abu Dhabi based developer, unveils Solace Livings, a mixed use residential and commercial tower valued at Dhs700m at Al Reem Island, Abu Dhabi. Solace Livings is an iconic 30 storey waterfront development located directly on sea in the Central Business District of Al Reem Island.
The Master Developer is Tamouh. ...