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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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Tuesday, July 28, 2009

Canadian Gulf Construction (CGC) Awarded Contract for the New Dubai Autism Center Building

Dubai-based Construction company secures high-profile construction deal
Zawya
27 July 2009 Foundations have been laid on Dubai's largest center for children with autism disorders. The company Canadian Gulf Construction Co., (CGC), a Dubai-based construction company, has been awarded the contract for the erection of the new Dubai Autism Center building.

GTCC Awarded AED 250 Million Contract in Dubai Marina

DSI Subsidiary Awarded Contract Valued at AED 250 Million in Dubai Marina
Zawya
Awarded by Marina Exclusive Limited, the contract is for the design and build of the residential tower comprising five basement levels and ground plus 38 floors. The tower will contain studios, one and two bedroom apartments and penthouses as well as pool, fitness centre and parking.

Monday, July 27, 2009

Injazat Capital Limited Would Provide Advisory Services to White Nile Sugar Company

Injazat Capital to advise on a $1 billion Agricultural project in Sudan
Al-Bawaba - Amman, Jordan
Injazat Capital Limited, the leading investment bank in the MENA region, announced today that it would provide advisory services to White Nile Sugar Company Ltd. (WNSC) on completing the financing of its new $1 billion sugar refinery and related products in Sudan....

Zayed and British Museums on Saadiyat Island

British Museum to help launch Zayed National Museum in Abu Dhabi
eTurboNews - Haleiwa, HI, USA
Foster, whose Abu Dhabi plans will be revealed later this year, will not be the only architect flying the cultural flag for Britain on Saadiyat Island. ...
Expert advice for Zayed National Museum
GulfNews - Dubai, United Arab Emirates
The Zayed National Museum is scheduled to open in 2013 as the cornerstone project of the Saadiyat Island Cultural District. The 12000 square metre museum ...
Zayed Museum finds new avenues
Emirates Business 24/7 - Dubai, United Arab Emirates
Tourism Development & Investment Company (TDIC), the developer of Abu Dhabi's Saadiyat Island Cultural District, yesterday announced the signing of an ...
Zayed and British museums collaborate
The National - Abu Dhabi, United Arab Emirates
This is part of the Cultural District to be built at Saadiyat Island. ... TDIC, the developer of Abu Dhabi's Saadiyat Island Cultural District

Abu Dhabi Hotel Contract Awarded to Al-Habtoor JV Murray Roberts

Murray Roberts and Al Habtoor JV bags Abu Dhabi hotel contract
SteelGuru - Gurgaon, Haryana, India
Cramer Media reported that South African construction firm Murray & Roberts and JV partner Al Habtoor have been awarded a AED 1.8 billion contract in Abu Dhabi.
The companies would construct the St Regis Hotel and Residences on Saadiyat Island for the Tourism Development and Investment Company,...

Saturday, July 25, 2009

Drake & Scull International (DSI) Secured Two New Projects Worth Dh500 Million in Dubai

DSI subsidiary bags two Dubai contracts worth Dh500 million
By Sadik Al Rumaithi
Drake & Scull International (DSI), has announced that it has secured two contracts worth about Dh500 million in Dubai. The sources close to the company said that the work on the projects is expected to commence within the coming few months. ...

UAE Projects' $900 Billion in Value

The UAE is carrying out projects in construction and other sectors with a total value of nearly $930 billion (Dh3.4 trillion) - some 45 per cent of all projects planned in the Gulf, a Kuwaiti bank said yesterday. ...

Sale of Mirador Villas - Emaar Properties Pakistan

Emaar Pakistan to launch sale of Mirador Villas
Daily Times
ISLAMABAD: Emaar Pakistan, the country subsidiary of global property developer Emaar Properties PJSC, will be offering sale of a limited number of fully-constructed Mirador Villas at the Canyon Views development in Islamabad on July 25, 2009. ...

Murray & Roberts JV Al-Habtoor Awarded Abu Dhabi Hotel Contract

Murray & Roberts, Al Habtoor win Abu Dhabi hotel contract
Creamer Media's Engineering News - Garden View, South Africa
South African construction firm Murray & Roberts (M&R) and joint-venture (JV) partner Al Habtoor have been awarded a 1,8-billion dirham (around R3,7-billion) contract in Abu Dhabi. The companies would construct the St Regis Hotel and Residences on Saadiyat Island for the Tourism Development and Investment Company, M&R said in a statement late on Friday. ...

Friday, July 24, 2009

Al Manar Shoppimg Mall Ras Al-Khaimah Renovations at Dhs 500 Millions

Al Manar Mall To Spend Dh500M In Renovation
Zawya
Al Manar Mall, one of the first shopping malls in the Northern Emirates, will go in for a total revamp and renovation soon to meet growing competition in the emirate. ...

Dubai Lifestyle City DHS 400 Millions Contract Awarded to Saleh Construction

Saleh Wins DLC's Dh400m Contract
Zawya
Saleh Construction, a major UAE construction and engineering company, has won the Dh400 million main contract for the first phase core and shell construction for Dubai Lifestyle City (DLC), according to a senior official of the project.

Abu Dhabi Sovereign Wealth Fund to Invest US$1 Billion in Malaysia

Abu Dhabi Mulls US1 Bln Investment In Malaysia
Bernama - Kuala Lumpur, Malaysia
ABU DHABI, July 21 (Bernama) -- Prime Minister Datuk Seri Najib Tun Razak has announced a major initiative by the Abu Dhabi government whereby a sovereign wealth fund it wholly owns is set to make a US$1 billion investment in Malaysia in the energy, real estate and hospitality sectors. ...

UAE’s Dhabi Group in Talks Over African Investment

Essar Group and UAE's Dhabi Group in talks over African investment Options
TeleGeography - Washington, DC, USA
India's Essar Group has begun discussions with UAE-based Dhabi Group, an investment firm led by the Abu Dhabi royal family, with a view to investing in African telecoms assets, the Economic Times is reporting. ...

Abu Dhabi's Aabar Investments Planned JV Austria's Berndorf

UAE's Aabar in Austrian JV, eyes tech, property
Forbes - NY, USA
ABU DHABI, July 21 (Reuters) - Abu Dhabi's Aabar Investments , which took a stake in Daimler AG this year, said on Tuesday it planned a joint venture with Austria's Berndorf to invest in technology firms and property in Europe. ...

Knowledge Economic City (Saudia Arabia) Awarded to AECOM (US)

AECOM bags Knowledge Economic City contract in KSA
Construction Week Online - Dubai, United Arab Emirates
US conglomerate AECOM has won a US $15 million (SAR 56 million) contract to provide programme management services for phase one of Knowledge Economic City in Madinah, Saudi Arabia. ...

Thursday, July 23, 2009

Dubai Firm Proposal to Run Airport

Dubai firm bids to run airport
New Vision - Kampala,Uganda
A Dubai-based company, Dodsal Infrastructure Development, has applied for a concession to run the Entebbe International Airport.
Consequently, a technical committee, led by the finance ministry, has been set up to scrutinise the proposal.

Dubai to Raise the Second $10bn Tranche of $20bn

Dubai seeks to raise $10bn
Financial Times - London, England, UK
Dubai said yesterday it had begun the process of raising a second $10bn tranche of a $20bn sovereign bond programme and was setting up a new fund to manage the proceeds. ...

Tuesday, July 21, 2009

Aldar Appoints Three Contractors for 5,000 Villas at Al Falah

Zayya
Abu Dhabi - 20 July 2009 - Aldar Properties PJSC, Abu Dhabi's leading property development, management and Investment Company, today announced the signing of contracts with three contractors, focused on delivering 5,000 villas at Al Falah...

Monday, July 20, 2009

Qatar Infrastructure Report Q1 2009 on Project Finance Ratings

Qatar Infrastructure Report Q1 2009 - a New Market Research Report
Live-PR.com (Pressemitteilung) - Wein, Austria
Qatar's infrastructure has benefitted from the emirate's oil and gas resources. It is one of the top three gas producers in the world and therefore gas windfalls have left the country with money to re-invest into infrastructure development and construction projects in general. For BMI's Q109 Qatar Infrastructure Report we are forecasting Qatar's construction industry to grow by 17.57% y-o-y...

Dubai Firm to Construct Two Luxury Hotels in Ethiopia

Dubai state firm to build two luxury hotels in Ethiopia
Gaea Times - Kolkata, West Bengal, India
ADDIS ABABA - Along with Chinese and Indians, Ethiopia could now see a rush of investment from the Gulf, with the Dubai state investment company's $100 million hospitality venture getting a green light.
Limitless LLc, the real estate developer subsidiary of Dubai World — a multi-billion dollar holding company of the Dubai government — has reached an agreement with Addis Ababa city administration to lease two big plots to construct two five star luxury hotels...

Dubai Real Estate Corp. to Tender Two Mega-projects

Exclusive: State unit plans new projects for Dubai
Construction Week Online - Dubai, United Arab Emirates
The Dubai Real Estate Corporation (Drec) will tender a number of projects next year across the city, and will tender two mega-projects when it feels the market is ready, Construction Week can reveal.....

Lebanon's CFH Approves Launch of $100 Million GFH International Real Estate in Dubai

Lebanon's CFH to launch $100 million property firm
Daily Star - Lebanon - Beirut, Lebanon
BEIRUT: Lebanon's Corporate Finance House (CFH) received approval from the Dubai International Financial Center Authority to launch GFH International Real-Estate, a $100 million real-estate firm in Dubai, to invest in European real-estate markets, specifically in London and Paris...

UAE's Deligation to Seek Investment Opportunities in Rwanda Energy Sector.

UAE investors eying opportunities in Rwanda
SteelGuru - Gurgaon, Haryana, India
Saudi Gazette reported that United Arab Emirates delegation is in the country to seek investment opportunities mainly in the energy sector.
The delegation led by Ambassador Essa Abdulla Al Basha Al Noaimi, director of African Affairs in the UAE Foreign Ministry met with Ambassador Eugene Munyakayanza permanent secretary in the Ministry of Foreign Affairs and other Minaffet officials at the latter's office to talk about investment opportunities in the country. ...

UAE's Dhabi Group and India's Essar Group Sign Investment Agreement

UAE's Dhabi Group and India's Essar enter into exclusive talks on Dhabi Group's telecom African assets
WAM - Emirates News Agency - Abu Dhabi, United Arab Emirates
UAE's The Dhabi Group and India's Essar Group on Sunday signed an agreement to enter into exclusive discussions in relation to an investment by Essar Group ...

Foundation Stone Laid for Jalilah Specialised Paediatric Hospital - Dubai

$272m Dubai children's hospital underway
ArabianBusiness.com - Dubai,Umm al Qaiwain, United Arab Emirates
Construction of a new AED1bn ($272m) specialist children's hospital in Dubai is underway, the official news agency WAM reported...

Sunday, July 19, 2009

Report on the GCC Power Sector

Markaz new research report on GCC Power
SteelGuru - Gurgaon, Haryana, India
... The report lays out the foundation of the GCC Power sector, in terms of structure, current project status, contribution of member states to consumption trends, etc. The report also takes stock of delays in existing projects on account of current global financial turmoil and how this will alter project models. ...

Contract Awarded for 20-Storey Future Bank Headquarters in Bahrain

Future Bank HQ piling contract signed
Trade Arabia - Manama,Bahrain
The piling work contract for the construction of 20-storey Future Bank headquarters in Seef district has been awarded to Keller Grundbau Bahrain, a leading Bahraini firm.
Future Bank's client representative Al Dahiya Construction and Real Estate managing director Ahmed Yousif Ali and Keller-Bahrain general manager Imtiaz Ahmed Syed signed the contract. ...
 

Dubai to Host 2013 World Swimming Championships

Dubai awarded 2013 world aquatics championships
Reuters - USA
ROME (Reuters) - Dubai will host the 2013 world aquatics championships, International Swimming Federation (FINA) president Mustapha Larfaoui said on Saturday. ...

Friday, July 17, 2009

Petrofac Emirates Received US$2.1 Billion Contract

Petrofac In $2.1b Abu Dhabi Gas Contract
Zawya
Petrofac, the international oil & gas services provider can confirm that its 50% owned Joint Venture, Petrofac Emirates, in partnership with GS E&C, has received a letter of award from GASCO for a contract worth approximately US$2.1 billion with a value to Petrofac Emirates of around US$1 billion.

Wednesday, July 8, 2009

Leighton Books $500 Million Abu Dhabi Project

LEIGHTON'S Middle Eastern subsidiary has topped up its rapidly diminishing workbook with a $500 million ports project in Abu Dhabi.