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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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Friday, November 14, 2008

Were You Exempted from Dubai's Property Job Cuts 2008

Largest developer in Gulf may cut jobs
Building.co.uk - UK
The largest property developer in the Gulf has admitted it may be forced to cut jobs as the Dubai property bubble continues to deflate.
The news comes as Omniyat Properties, which claims to have £1.8bn of developments in the Gulf, is reported to have made as many as 60 redundancies. ...

Property Developers to Become Reliant on Increased Property Rents

Rentals rise in Dubai property market as owners seek liquidity
Property Wire - St. Albans, England, UK
Concern about the credit crunch has created a movement in the Dubai property market away from sales towards rentals, according to industry experts. ...
Now that more and more properties are being completed, property owners are looking to rent their properties to manage mortgage repayments. ...

International Design Partners Unique Alliance of Real Estate Developers

Award-Winning Real Estate Design Firms Announce a Strategic Alliance for International Real Estate Development
24-7 PressRelease.com (press release) - USA
Critically acclaimed real estate design firms: Marketing Specifics, Inc., Basham & Lucas Design Group, Inc., Marc-Michaels Interior Design International, LLC. and Smith Santiesteban Allen Architects, Inc. today announced they have formed a strategic global alliance for international real estate development, named International Design Partners (IDP). ...

Abu Dhabi's Top Two Developers Not to Cuts Jobs

Emaar says reviewing jobs
The National - Abu Dhabi, United Arab Emirates
Abu Dhabi's top two developers by market value Aldar Properties and Sorouh Real Estate, both said they planned no cuts due to a healthy pipeline of projects. ...

Aldar “Shelter for Investors" Boosts Company Share

Aldar Up 2.6pc After HSBC's 'Shelter' Description
Khaleej Times - Dubai, United Arab Emirates
DUBAI -
Aldar Properties PJSC, the largest developer in Abu Dhabi, rose as much as 5 per cent in trading on Thursday after a HSBC Holdings Plc research report described the company as a "shelter for investors." ...

Bagnaresi Casa Expands into the UAE

Stars Dome Group introduces Italian luxury to the UAE
AME Info - United Arab Emirates
Italian luxury design specialists, Bagnaresi Casa today announced the expansion of its operations into the UAE.
The announcement was made at a launch ceremony hosted by Stars Dome Group at the Montgomerie Golf Club, Dubai. Italian luxury designer and owner of Bagnaresi Casa, Filippo Ceroni was present at the event along with Sofia Zigangirova, CEO Stars Dome Group.

Nakheel Harbour and Tower Represents Dubai's Ultimate Masterplan Centrepiece

The global architecture practice believes that the design for the 270 hectare masterplan and more than 1 kilometre-high tower will provide the centrepiece for the future of Dubai's development, altering its skyline forever. ...

Palazzo Versace Dubai Resort Progress

The AED2.3bn (£395m, E491m, US$627m) Palazzo Versace Dubai resort on the edge of the Dubai Creek in the UAE will launch in 2010. The 5.5 hectare (13.59 acre) development will comprise 215 hotel suites and 169 private residences as well as a large day spa. ...