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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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Monday, November 3, 2008

India’s Real Estate Market Estimated to Grow to $60 Billion by 2010

India Gets Realty Check From Gulf Investors
Middle East Events (press release) - Dubai, United Arab Emirates
Despite the current economic downturn, India's real estate is said to be worth about $16 billion and is estimated to post annual growth rate of 30 per cent to reach $60 billion by 2010 according to research outfit 'Çityscape Intelligence' ...

FirstRand Ltd Introducing Private Wealth Management Division in the Channel Islands and Dubai

Nov. 3 (Bloomberg) -- FirstRand Ltd. , South Africa's second-biggest financial services company, is introducing a private wealth management division starting in the Channel Islands and Dubai, with a focus on wealthy clients in the Middle East and India

Al Jabal Defies Crisis and Gears up for Abu Dhabi

Al Jabal Real Estate Expands to Abu Dhabi
Al-Bawaba - Amman, Jordan
Developer/Realtor Al Jabal defies crisis and gears up for more projects.
Al-Jabal Real Estate A Division of Al Jabal Holding, the young and dynamic real estate agency, is expanding its business to Abu Dhabi via Al Jabal Abu Dhabi Real Estate. ...

Five New Projects: Cochin, Thiruvalla, Kozhikode, Kottayam and Kannur Promoted In Qatar

Kerala realtors in Doha to promote new projects
Gulf Times - Doha, Qatar
A TEAM from Skyline Builders, a property developer from the Southern Indian state of Kerala with over 100 projects to their credit, is in Doha until November 6 to promote their new projects.
The company has five new projects on hand in Cochin, Thiruvalla, Kozhikode, Kottayam and Kannur, with two already been launched and three following suit shortly, an official said.
 

Dutch Real Estate Businessmen Visit The Wave - Muscat

Dutch Businessmen Explore Investment Potential At The Wave, Muscat
Zawya (press release) - United Arab Emirates
Prominent businessmen and industry players from the construction and real estate industry of The Netherlands recently paid a visit to The Wave, Muscat. ...

LCL Corp Bhd Aggressively Expanding its Operations in Middle East

LCL aims for more deals from Mideast
Malaysia Star - Malaysia
WHEN most corporations are thinking about sizing down their operations due to poor market sentiments and worries of a global economic downturn, leading interior-fit-out (IFO) company LCL Corp Bhd is aggressively expanding its operations, especially in the Middle East, and is looking to secure even more large contracts there. ...

Extraordinary Growth in Property Expected in Saudi

Huge property growth expected in Saudi
Property Wire - St. Albans, England, UK
Population growth and an increasingly wealthy middle class are creating a boom in high-end real estate development in the Gulf, especially in Saudi Arabia where government reforms are encouraging development, it is claimed. ...

'Urjuan', (USD 10 Billion) Launched by Barwa Al Khor in Qatar

Barwa Al Khor launches QR35Bn Project In Qatar
Zawya - United Arab Emirates

Barwa Al Khor, a subsidiary of BARWA Real Estate and a leading master developer of high profile projects, announced the launch of their flagship project 'Urjuan', a QR 35 billion (USD 10 billion) integrated city development located in Al Khor, at a press conference held today (November 02, 2008) at the Four Seasons Hotel in Doha, Qatar. ...

Royal Bay Project at Dubai Waterfront (Dh1.8 Billion) Launched by Developer VIP Waterfront

New waterfront project for Dubai launched
GulfNews - Dubai,United Arab Emirates
Developer VIP Waterfront on Sunday launched its Dh1.8 billion Royal Bay project in the Dubai Waterfront, complete with two helipads to assist access.
The total built-up area of the Royal Bay development is a little over 1.2 million square feet.
The project consists of a residential tower with 158 apartments and one penthouse. The commercial tower has 107 offices.

Real Estate Prices in Dubai will not Drop

Sulayem Rules Out Drop in Dubai Real Estate Prices
Middle East North Africa Financial Network - Amman, Jordan
Sultan Ahmed bin Sulayem, Chairman of Dubai World, on Thursday ruled out the prospects of any drop in Dubai property prices and said the global credit crisis would not result in cancellation of projects announced by the group. ...

Local Real Estate Industry Needs Rules and Standards

Real estate needs realistic changes
Ceylon Daily News - Ceylon, Sri Lanka
Local Real Estate industry needs to have a set of rules and standards for a realistic development in the sector, said Executive Director of Ceylinco Land Exchange Limited (CLE) Bhathiya Satharasinghe.
Today there is no control over real estate business in the country. ...

Dubai Port World to run Algerian Port

Dubai Port World finalises deal to run Algerian port: report
AFP
Dubai Port World (DP World) has agreed on a deal to run the cargo terminal in the Algerian port Djendjen, the port's managing director said Sunday, the Algerian news agency APS reported.
A joint Algerian-Emirati company will be set up in the first quarter of 2009 to run the port, Mohamed Atmane told APS.