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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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Wednesday, November 26, 2008

Hypo Real Estate Holding AG Debt Guarantee Boosts German Stocks

German Stocks Rise, Led by Banks; ThyssenKrupp Shares Advance
Bloomberg - USA
24 (Bloomberg) -- German stocks gained the most in almost four weeks after Hypo Real Estate Holding AG received a 20 billion-euro ($25 billion) debt guarantee from the government, boosting investor confidence, and U.S. lawmakers pledged to pass a economic stimulus package by January. ...

Abdallah Hageali Al-Maabar New CEO

Al Maabar International announces new CEO
AME Info - United Arab Emirates
Al Maabar, a leading Abu Dhabi-based international investment company, has announced the appointment of Mr. Abdallah Hageali as its new CEO. ...

Dubai International Capital (DIC) Urged Gulf Arab Investors to Seize Bargains

Crisis buys would boost Gulf Arab influence -DIC
Reuters - USA
DUBAI, Nov 25 (Reuters) - Dubai International Capital (DIC), an investment firm owned by the ruler of Dubai, urged Gulf Arab investors to boost their influence in global business by seizing bargains amid the financial crisis.
"To become the largest shareholders in the 10 largest companies in the world ... (for) $50 billion ... that's actually not a lot of money...

Gottex Fund Management Holdings to Capitalize on Opportunities in the Dubai

Gottex To Open Dubai Office
FINalternatives - New York, NY, USA
Yet another hedge fund is opening an office in Dubai to capitalize on opportunities in the region. Gottex Fund Management Holdings today said that it will open an office in Dubai following Pharos Financial Advisors' announcement last week that it is setting up shop within the region. ...

AWC Facility Solutions To Acquire 100% of Stream FZC

AWC Facility Solutions To Acquire UAE-Based Stream FZC
Bernama - Kuala Lumpur, Malaysia
KUALA LUMPUR, Nov 26 (Bernama) -- AWC Facility Solutions Bhd, an intergrated facilities management provider, is set to enter the Middle East market with the 100 percent acquisition of a United Arab Emirates based company, Stream FZC for about RM90,000. ...

Largest Single Contract of its Kind in The Region Awarded

Pearl Dubai Awards AED8.85 Billion Construction Contract to Al Habtoor Leighton Group
MarketWatch - USA
DUBAI, United Arab Emirates, Nov 26, 2008 (BUSINESS WIRE) -- Pearl Dubai FZ LLC, one of the UAE's leading real estate developers, has awarded an AED8.85 billion (US $2.4 billion) main contract for the construction of its iconic Dubai Pearl project, to the Al Habtoor Leighton Group, the UAE's largest construction group. ...

Abu Dhabi Finance Mortgage Lender - First Rescue Step In the United Arab Emirates (UAE)

UPDATE 2-New UAE lender to dampen crisis as developers stall
Interactive Investor - London,England,UK
ABU DHABI, Nov 26 (Reuters) - Abu Dhabi launched a government-backed mortgage lender on Wednesday in a move to limit damage from the credit crisis, as developers in Dubai reviewed sales and expansion plans in light of tough times.

Abu Dhabi May Buy Some of Dubai's Biggest Projects

Big spending Dubai may have to be bailed out by Abu Dhabi
Telegraph.co.uk - United Kingdom
Abu Dhabi may provide Dubai with a banking facility with which its leveraged neighbour would use to pay down its immediate debt obligations as part of potential "bail-out" plans being discussed between the emirates. ...

Dubai Real Estate Market Report Suggests Rescue Plan

RichVille suggests a plan to rescue the Dubai real estate market
ArabianBusiness.com (press release) - Dubai, Umm al Qaiwain, United Arab Emirates
In the midst of a global financial crisis generally impacting to the point of complete freeze the international markets and particularly affecting the real estate markets, RichVille Issues its 4th Quarter Dubai Real Estate Market Report with a suggested Rescue Plan. ...

Abu Dhabi to Revive Housing Market

DUBAI, Nov 26 (Reuters) - Abu Dhabi will launch a new mortgage lender backed by Mubadala, the government-run development agency, to revive the housing market as liquidity dries up during the credit crisis, a newspaper reported on Wednesday. ...

Riad Salameh Lebanon's Banking System Spared the Country from the World Crisis

BEIRUT, Nov 25, 2008 (AFP) - As countries around the globe struggle to ride out the economic crisis, Lebanon's banking sector has not only managed to steer clear of the turmoil but bankers say it has even benefited from it.
"Lebanon's tightly-regulated banking system has spared the country from being affected by the world crisis," governor Riad Salameh told AFP. ...

Abu Dhabi's Investments Around $270 Billion

Abu Dhabi Investing $270 Billion In Growth
Zawya
Abu Dhabi: The government of Abu Dhabi is investing over $270 billion (Dh990.9 billion) in projects in the city of Abu Dhabi, a top executive of the Abu Dhabi Airports Company (ADAC) said on Tuesday. ...

Two Real Estate Showcase for Foreign Investors Launched in Dubai & Moscow

Analysts In Media Launches Real Estate Showcase for Foreign Investors
MarketWatch - USA
Analysts In Media (AIM) has recently launched the Real Estate Foreign Investment Showcase (REFIS). Two events will make up the showcase, which provides an opportunity for foreign investors to enter the real estate market in major cities worldwide. ...

Emaar, Nakheel and Dubai Holdings to put a Cap on New Construction Projects

UAE to bail out banks as construction capped
Building.co.uk - UK
Dubai's construction boom is to be capped by some of its largest developers as the UAE steps in to bail out the country's ailing banking sector.
The UAE's federal government is to pump funds into the Emirates Development Bank, a new vehicle set up after the merging of state mortgage lenders Amlak and Tamweel. ...