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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, December 6, 2008

World's Best Real Estate Investment Locations

Forbes - NY, USA
With each passing day of bad market news, it's easy to see why there's so much skepticism about real estate investing. Despite banks' shareholders and equity investors tending to want less real estate in their portfolios, however, there are myriad growth opportunities in properties ranging from from apartments in Sydney to office buildings in Shanghai. And some investors are shopping aggressively. ...

Qatar's Tadmur Real Estate to Operate Serviced Apartments of BridgeStreet

10-year franchise pact for serviced apartments signed
Gulf Times, Qatar
TADMUR Real Estate company has signed a 10-year franchise agreement with BridgeStreet Worldwide, a leading international provider of serviced apartments, a spokesperson said.
Under the agreement, the first by BridgeStreet in Doha, Tadmur will operate four buildings with a total of 514 serviced apartments under the BridgeStreet brand.



Low Cost Housing Projects and Hotels Planned all Over Pakistan

ME developers plan low-cost housing projects in Pakistan
The News International, Pakistan
KARACHI: Three real estate developers from the Middle East are expected to invest over Rs5 billion in low cost housing projects in next two years and joint ventures in this regard are already being signed with local counterparts. ...


Meadowhall Shopping Centre in Sheffield to be Sold

Mid East group 'to buy half' of Meadowhall
Yorkshire Post, UK

AN Abu Dhabi backed property company is reportedly the front- runner to buy a large stake in the Meadowhall shopping centre in Sheffield.
Meadowhall's parent company British Land has restarted talks to sell around a half of the £1.4bn flagship shopping centre to London & Stamford, a listed property opportunity fund backed by an unnamed Abu Dhabi sovereign wealth fund, according to a report in the Financial Times.

Gulf Educational Supplies and Solutions 2009 at Dubai's Airport Expo Centre 10-12 March 2009

AB Software Consulting to open branch in Dubai Internet City in 2010
AME Info
AB Software Consulting Ltd will participate for the first time at Gulf Educational Supplies and Solutions (GESS) 2009 at Dubai's Airport Expo Centre from 10-12 March 2009 to demonstrate the newest version AB Tutor Control 6, a networked classroom, instruction, monitoring and teaching tool. ...

Survival Statergies For GCC Realty Companies

GCC realty companies adopt 'positive survival' statergies through recapitalisation, retrenchment and restructuring
AME Info - United Arab Emirates
In the wake of the credit crunch and the global economic slowdown, real estate companies especially in the Middle East are increasingly adopting strategies of positive survival with the projection that by end 2009 through to 2010 the recession would have bottomed out and GDP growth would start getting back on track. ...

Tatweer Reviewing Jobs in Light of Global Financial Crisis

Tatweer, the state-owned company building the massive theme park development Dubailand, said on Thursday it is reviewing jobs in light of the global financial crisis. ...

Kuwait's Real Estate Decline in Sales Due to International Financial Crisis

Kuwait: On Hold
Zawya - United Arab Emirates
Despite strong economic fundamentals, Kuwait's real estate sector is experiencing an unaccustomed lean spell, with a decline in sales in most segments and developers reconsidering new projects as the international financial crisis takes hold. ...

Report: Massive List of Job Cuts and Layoffs at America's Top 500 Largest Public Companies

Layoffs for December 2008 at America's 500 largest public companies:
Forbes
December layoffs have already exceeded 30,000. See the full list of the Number of layoffs since Nov. 1, 2008, at America's 500 largest public companies: More than 90,000 people lost their jobs at America's largest public companies in November 2008.

Abu Dhabi's TAQA and Gazprom Signed MoU for Europe's Largest Gas Storage Project

The Abu Dhabi National Energy Company PJSC (TAQA) and Gazprom export (Gazprom export) announces signing a Memorandum of Understanding to partner in Europe's largest new gas storage project in the Netherlands: the Bergermeer Gas Storage. ...

Payment Options to Entice Dubai's End-users into Buying

Anxious developers offer hot deals
GulfNews - Dubai, United Arab Emirates
As home loans become more difficult to obtain, developers and brokers have begun offering a variety of payment options to entice end-users into the market so that buying, selling and renting can continue.
Real estate companies, including Emaar Properties, Dynasty Zarooni and Gowealthy.com, have launched varied schemes to jump-start sales. ...