Azizi Investments Roped in P&T Architects and Engineers Ltd for Tower Design

P&T to Design New Tower of Azizi Investments
By aim168
A new real estate development has been put forward by Azizi Investments in the form of a tower comprising 46 floors including the ground level and purpoted for both residential and commercial use. The tower will be built in the dynamic area of Mina Rashid which is, the old Port Rashid under renovation by master developer Nakheel. ...

Naseej BD180 Million Joint Stock Company in December

Naseej Promoter Shareholders sign formal agreement to create the BD180million Closed Joint Stock Company in December
Zawya (press release) - United Arab Emirates
The Naseej Promoter Shareholders have signed a formal agreement to create the company in December with an issued and paid-up share capital of BD180 million. ...

Habtoor Island Resort and Spa Project Creative Design Thoughts

Creative, thoughtful design reaches new heights in The Habtoor Island Resort and Spa project
AME Info (press release) - United Arab Emirates
Announcing the recent launch of the Habtoor Island Resort and Spa, which is being built in one of the most highly sought after locations on the Crescent of Palm Jumeirah, Khalaf Al Habtoor, Chairman of The Al Habtoor Group, stressed his determination to deliver a total lifestyle resort that sets previously unseen standards of creativity and excellence. ...

"Dubai Smile" Across Dubai Creek - Design Approved by HH Sheikh Mohammad bin Rashid

Mohammad approves seventh Dubai Creek crossing
XPRESS - Dubai,Dubai, United Arab Emirates
His Highness Sheikh Mohammad bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the design of the seventh crossing (Dubai Smile) across Dubai Creek.

The project, which has an iconic design at a cost of Dh810 million, is located near Dubai Creek Park, Wonderland Park and Dubai Courts at Bur Dubai, and Deira City Center and Dubai Golf Club at Deira. ...

Jafza International Revealed Master Plan for North America

Jafza unveils American master plan
Zawya - United Arab Emirates
Dubai-based Jafza International revealed its master plan for a North American "gateway" to be located in Orangeburg, South Carolina.

The county is blessed by its proximity to two major interstates and its equidistance to Charleston and Columbia.
The announcement was made earlier this week in a former cinema not far from the city's downtown. ...

Sharjah Real Estate Insulated from Regional Real Estate Slump

Sharjah realtor optimistic about emirate's growth
Zawya - United Arab Emirates
The real estate sector in Sharjah has remained insulated from the regional real estate slump due to the emirate not allowing property ownership to foreigners, according to a property developer. ...

Wasel Expansion with Landmark Properties in Dubai

wasl Unveils Strategic Plans to Redevelop Landmark Properties in Dubai
Zawya (press release) - United Arab Emirates
Wasl, the asset management group owned by Dubai Real Estate Corporation (DREC), today announced it is launching expansion initiatives for a number of landmark properties in Dubai, as part of its mandate to oversee and ensure the sustainable development of the real estate sector for Dubai Government. ...

Samer Abu-Hijleh Sorouh's New Chief Operations Officer

New Chief Operations Officer for Sorouh Real Estate
Zawya (press release) - United Arab Emirates
Samer Abu-Hijleh joins the company as Chief Operations Officer, bringing expertise in engineering and construction project management and a proven track-record in project delivery to the CEO and Board of Directors. ...

Qatar-Bahrain Road and Rail Marine Crossing Project Awarded

US-Based Firm Bags Qatar-Bahrain Causeway Project

Zawya
DOHA: A leading US-based company has been awarded a contract by the Qatar-Bahrain Causeway Foundation to provide design, project and construction management services for the Qatar-Bahrain road and rail marine crossing.

Saudi Arabia Shown Investment Interest in in West Sumatra

Saudi Arabia Plans to Invest In West Sumatra
Khaleej Times

JEDDAH - Saudi Arabia has shown interest in investment in agriculture and animal husbandry in West Sumatra, according to information made available to Khaleej Times on Friday. ...

Nakheel's Fontainebleau (Miami) has $40 Million Worth of Business Lined up After Relaunch

Nakheel Relaunches Miami Fontainebleau
Khaleej Times - Dubai, United Arab Emirates
...at the reopening of Fontainebleau on Friday night in Miami.

Dubai-based Nakheel Hotels, part of mega-developer Nakheel, owns a fifty per cent stake in the American hotel, which gained notoriety for hosting Frank Sinatra's Rat Pack and serving as the backdrop for a James Bond film. ...

Nakheel Eyes Markets in Asia and Middle East for Future Developments.

Nakheel Hotels to pause in US investments
GulfNews - Dubai, United Arab Emirates
Miami: As Nakheel Hotels celebrated the opening of the Fontainebleau Miami Beach resort this weekend, Gulf News has learned that the company is planning a "pause" in US hotel investments as it eyes markets in Asia and the Middle East for its future developments.

Two Conferences Opening in Dubai to Debate Global Financial Crisis

Business Leaders to Debate Global Financial Crisis in Dubai Today
Khaleej Times - Dubai, United Arab Emirates
DUBAI - The ramifications of the global credit crunch and the impact of the subsequent financial meltdown on regional economies as well as emerging investment scenarios will be discussed and debated by world business leaders and money managers at two conferences opening today in Dubai. ...

Estate Qatar Property Investment Forum at Ritz-Carlton Doha 26-27 November 2008

Qatar Property Investment Forum to focus on fighting the crisis 'green' construction
Business Intelligence Middle East (press release) - United Arab Emirates
QATAR. The second edition of the 'Estate Qatar 2008: Qatar Property Investment Forum' will be held at the Ritz-Carlton, Doha on 26 and 27 November.
The event, which is said to be the largest annual real estate meet of its kind to be held in Qatar, addresses issues related to sector growth, finance and investment. ...

UAE and GCC Cannot Afford a Slow Down in Realty Sector Despite Low Return on Investments

SPV is the need of the hour in realty
GulfNews - Dubai,United Arab Emirates
The panic of the real estate slowdown took a heavy toll in the GCC market last week and the US subprime symptom is now clearly visible. ...The UAE (and the GCC) cannot afford a slow down in the realty sector despite the expected low return on investment. The real estate market should at this juncture project a low return of 5.5 to 7.5 per cent keeping growth and employment unaffected. ...

Khalid Ahmed bin Sulayem Sets New World Highs for Dubai

Dubai's Department of Tourism makes a mark at WTM 2008
AME Info

Khalid Ahmed bin Sulayem, Director General of Dubai's Department of Tourism and Commerce Marketing, has set new world highs for Dubai in the last few months according to STR Global the market leader in monitoring hotel performance trends worldwide, in their report released on September 23 on the performance of hotels in Africa and the Middle East. ...

Dubai Property Off-plan Prices Dropped 4% on Average in October

Dubai property market comes off the boil
Calcutta News

The overheated Dubai real estate sector has softened as a result of fears over the financial crisis and tightening credit. Prices dropped 4% on average in October with off-plan properties suffering the most. ...