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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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Saturday, November 22, 2008

Dubai Construction Fair to Include 500 Italian Companies

UAE: 500 Italian companies to attend Dubai's construction fair
Adnkronos
UAE: 500 Italian companies to attend Dubai's construction fair (AKI) - More than 500 Italian companies will attend the Middle East's largest building and construction exhibition, called The Big 5, taking place in the emirate of Dubai from 23-27 November. Italy's Secretary of State for Economic Development and Foreign Trade, Adolfo Urso spoke to Adnkronos International (AKI) about the...

Aldar Properties PJSC Gets USD 100 Million in Financing for Canadian Projects

Export Development Canada Signs USD 100 Million Facility with Aldar
Government of Canada Newsroom (press release) - Ottawa, ON, Canada
Export Development Canada (EDC) today announced that it will provide USD 100 million in financing to Aldar Properties PJSC (Aldar) for projects where Canadian supply is present. ...

Amazing Video - Jump Off Burj Bubai - the Tallest Tower in the World

Two Guys Jumped Off the Burj Dubai and Lived to Tell About It
By Adam Frucci
...a Brit and a Frenchman snuck on to the under-construction Burj Dubai and BASE jumped from it at 650 meters up. Now, there's video available of their infiltration, jump and subsequent escape. ...
Watch the 7 minutes video



Car Rentals Capitalizing on Dubai Taxi Deficiencies

Dubai witnessing car rental boom
Al-Bawaba - Amman,Jordan
Car rental has risen sharply in recent months as more residents and visitors seek to navigate the city in comfort and with ease, says Hertz.
The world's largest car rental firm, which now has 15 branches in the UAE and has been based in the country since 1993, says one of the factors contributing to the rise is difficulties experienced by expatriates and holidaymakers to get a taxi. ...

Crescent Star Project a Uniquely Exciting Development Launched

Al Jabal Holdings Launch Ajman's first 4 star apartment hotel development - The Crescent Star
Middle East North Africa Financial Network - Amman, Jordan
Al Jabal Holdings last night launched a uniquely exciting development at the Madinat Jumeirah. The exclusive unveiling of the Crescent Star project, which attracted over 1300 potential investors, real estate experts and prominent personalities, was introduced by Bollywood star Fardeen Khan. ...

Asian Finance Bank Plans to Invest a $500 Million in Real Estate Projects in Southeast Asia

Lender plans to invest $500m fund in real estate
Gulf Daily News - Manama, Bahrain
Asian Finance Bank, one of three foreign Islamic lenders in Malaysia, plans to invest a $500 million fund in real estate projects in Southeast Asia as the global financial crisis creates more buying opportunities, its vice- president for asset management said. ...

Dubai's Projects to Continue as Scheduled in Dubai Strategic Plan for 2015

Projects In Dubai To Continue As Scheduled
Zawya
Nasser Al Shaikh, Director-General of Dubai Department of Finance, has stressed infrastructure projects in Dubai, including Roads and Transport Authority - plans and the new airport in Jebel Ali, would continue as scheduled in Dubai Strategic Plan for 2015. ...

Expansion into Dubai Hotels and Hotel Apartment Market by Dubaishortstay.com

Dubaishortstay.com Announces Expansion Into Dubai Hotels Market
PR Web (press release) - Ferndale, WA, USA
DubaiShortstay.com
the #1 leading providers of holiday villa and apartment rentals in Dubai since 2004,"Dubaishortstay.com has announced its expansion into the Dubai Hotels and hotel apartment market". ...

Atlantis Resort Opened with an Astonishing Firework Display

The Atlantis Resort Opening Gala in Dubai
Seattle Times - United States
A general view of the fireworks at the Atlantis resort in Dubai, Thursday, Nov. 20, 2008. While the rest of the world is tightening its belt, Dubai is throwing a US $20 million party Thursday complete with Hollywood celebrities and a fireworks show that organizers said would be visible from outer space. ...

Gammon and Billimoria was Awarded 1st Phase Construction Contract of Forbidden City

Forbidden City will offer buyers affordable homes
GulfNews - Dubai,United Arab Emirates
Dubai: Construction of a new affordable housing cluster, Forbidden City, has started at International City, a top official said.
Dubai's master developer Nakheel last month unveiled Forbidden City in International City. ...

Immediate Focus to Own and Operate $14 Million Worth of Solar Installations in North Carolina

World's Largest Solar Thermal Project for Heating and Cooling Announced in Western North Carolina
PR Web (press release) - Ferndale, WA, USA
... The announcement, which was made during the AdvantageWest Annual Banquet at the Grove Park Inn in Asheville, was well-received by the federal, state and local leaders in attendance because it means $14 million will be invested in solar thermal technology projects throughout North Carolina in 2009. . ...

Modern Innovative Architecture - Dynamic Tower

Innovation and Architecture Spark Dynamic Tower
Invention and Technology News - Pittsburgh, PA, USA
... inventive new ideas are being put to practice in all sorts of fantastic ways these days: even buildings decorating city skylines.
A prime example of modern innovative architecture is the eye-catching and environmentally conscious Dynamic Tower (pictured) design from Italian architect Dr. David Fisher. Each floor of the Dynamic Tower rotates independently so the building constantly changes shape. ...

Year's Best Skyscraper Named

Shanghai tower named year's best skyscraper
Reuters - USA
CHICAGO (Reuters) - The Shanghai World Financial Center, the world's second-tallest building that some say resembles an elegant bottle opener, was named on Thursday by architects as the best skyscraper completed this year. ...

Abu Dhabi Developers Change Tactics

Abu Dhabi developers change focus to suit economic constraints
AME Info - United Arab Emirates
Abu Dhabi real estate developers are adjusting their project models to suit changes in the economic climate. From concentrating on sales in the high end market sector, companies are increasingly looking at servicing the need for middle income units and the rental market. ...