PURE Real Estate Pushing hard at the Capital

PURE pushes ahead with plans in the Capital Zawya - United Arab Emirates PURE Real Estate, a real estate investment management company, has made giant strides towards becoming a major player in Abu Dhabi's property sector within only one year since it has been launched. ...

O-Tower to Reach More than 240m to Embody Burj Dubai Tower

O-Tower next generation tower with fusion of engineering and technology
AME Info - United Arab Emirates

O-Tower is an iconic residential building in Jumeirah Village, Dubai; with no restriction in height for the development, O-Tower had been designed to reach more than 240m to embody Burj Dubai Tower effect. ...

Relations Between RTA and Real Estate Developers

RTA explores Water Transport linkup with property developers in Dubai
AME Info - United Arab Emirates
The Marine Agency at the Roads & Transport Authority (RTA) recently made site visits to several property developers in Dubai to explore ways and means of cooperation and fostering relations between the RTA and real estate developers.

Abu Dhabi Tourism Authority - 2.7 Million Hotel Guests by 2012

Abu Dhabi Tourism in Ambitious Five-Year Plan
Zawya

Abu Dhabi Tourism Authority. (ADTA) has announced a five-year strategic plan 2008-2012, which aims to deliver 2.7 million hotel guests by the end of 2012, according to a Press release. …

$1B Joint Investment Fund Between Qatar and Jordan

Jordan, Qatar To Set Up $1B Joint Invest Fund
Zawya

With regard to the Jordanian workforce in Qatar, the premier said the labour minister will discuss an agreement in this regard during his forthcoming participation in a conference in Doha. ...

"Tortoise" Phase Begun in Saudi Arabia Projects - Billions Lost

KSA: Billions Lost In Stalled Projects
Zawya

Every year, the government approves hundreds, and sometimes thousands, of new development projects worth billions of riyals destined for rural areas. The hopes of locals, however, are soon dashed as companies sub-contract out the work and then what is known as the "tortoise" phase begins. ...

Global Stocks Moves up Despite Recession

Global Stocks Rally, Despite Recession Sweeping Eurozone
Zawya

World equity markets rebounded Friday as investors snapped up stocks at bargain prices and set aside news that the eurozone had officially entered recession, analysts said.

News that recession is sweeping across the world's advanced economies raised the stakes ahead of financial crisis talks among leaders of the Group of 20 major rich and developing countries in Washington on Saturday. ...

Crisis Summit in Washington and OPEC Called for Special Meeting

World Recession Deepens Ahead of G20, Opec Summit
Zawya

The blast of recession hit Europe on Friday as leaders from more than 20 rich and emerging countries headed for a crisis summit in Washington and OPEC said also called a special meeting on slumping oil prices. ...

Global Financial Turmoil on GCC Countries are Manageable

Impact Of Crisis On GCC Manageable, Islamic bk Says
Zawya

Dubai: The effects of the global financial turmoil on GCC countries are manageable compared to other parts of the world due to the fundamental strength of the Gulf states, according to a Bahrain-based Islamic investment bank. …

Benefits of Investment in Real Estate Now

Investing in real estate good idea to hedge against inflation
Economic Times - Gurgaon, Haryana, India
...Real estate investment helps in diversification, yield enhancement and hedging inflation. If you have enough endurance to withstand the current interest rate turbulence , it may be the right time to invest in your own house. Property prices are at reasonable levels. With our population growing at a phenomenal pace, the demand for commercial and residential space is bound to go up. This sector is bound to see tremendous growth in the coming years. ... 

Leisure Dubai Marina Yacht Club Opened

Emaar opens Dubai Marina Yacht Club
ASIATravelTips.com - Amphur Muang, Nonthaburi, Thailand
Emaar Hospitality has opened a new marina-based leisure experience in the UAE. The Dubai Marina Yacht Club, a premier destination for marine enthusiasts, is located along Dubai Marina canal, and offers memberships to boat-owners while the public can enjoy an array of amenities including marine-themed restaurants and retail outlets. ...

Emaar's "Smart City" Best Web Technology Money can Buy

A Grand Internet Vision for Saudi Economic City
BusinessWeek - USA
Saudi Arabia's "smart city" in the desert, King Abdullah Economic City, will boast the best Web technology money can buy.

You can't accuse the people behind King Abdullah Economic City, the vast metropolis rising out of the desolate sands of western Saudi Arabia, of thinking small.

Once completed by 2020, the estimated $26 billion project will include a seaport and industrial park that will be among the largest in the world, a huge sports stadium, a university, and a shopping mall not to mention 260,000 apartments, 56,000 luxury villas, and 120 hotels. And tying it all together will be the best Internet set-up money can buy. ...

Property Buybacks Potentially Risky

Developers promise property buybacks
The National United Arab Emirates
Some developers caught in a stagnant market have been attempting to lure customers with promises they will buy back property at a higher price a few months after a sale, guaranteeing the deal with postdated cheques.
While that may seem an attractive offer, industry insiders warn the practice is potentially highly risky for all involved. ...

Nakheel Harbour & Tower to Become "Dubai's capital"

Dubai tower to become city's 'centrepiece'
Overseas Property and Investment News - London,UK
A new mixed-use development project in Dubai will become central to the development of the city, it has been claimed.
The Nakheel Harbour & Tower, which incorporates a one-kilometre-high building with a waterfront development, has been described as "Dubai's capital" by architect Woods Bagot. ...

Nakheel Bought Licences from World’s Third Largest Business Software Company

Infor helps Nakheel reach for the sky with world's tallest building
ComputerWeekly.com - UK
Nakheel has bought extra licences worth $3m for Infor's EAM Enterprise Edition to track, measure and control the performance of equipment.

Nakheel, Dubai's premier property developer and management company, runs estatesincluding the Palm trilogy - the world's three largest man-made islands. ...

Nakheel's Fontainebleau Miami Beach Resort Re-opens

Nakheel's Miami Resort Reopens
Khaleej Times - Dubai, United Arab Emirates
MIAMI - The legendary Fontainebleau Miami Beach resort, half owned by Nakheel Hotels, was all set for its reopening late on Friday night. ...The hotel is open to  public from Sunday. Nakheel, a member of Dubai World, paid $375 million for a 50 per cent stake in the resort in April. ...

Dubai Tourism Manual 2009 Released

Destination Dubai's Latest Edition Released
Khaleej Times - Dubai, United Arab Emirates
DUBAI - The Dubai Department of Tourism and Commerce Marketing (DTCM) has released the 2009 edition of Destination Dubai, which was launched at the World Travel Market (WTM) 2009 in London this week. ...

Russia is Looking at UAE for Possible Investment Opportunities in Real Estate

UAE groups woo Russian investors
GulfNews - Dubai, United Arab Emirates
Real estate in the UAE represents over 30 per cent of the country's growth, according to senior government. ...While Moscow may not be as globally well known as it could be, last year Russian investors plunged around $1.5 billion into UAE real estate. ...