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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, January 10, 2009

Dubai Budget in 2009

Dubai sees $1.1 bln '09 budget deficit, first ever
Reuters via Yahoo! 
DUBAI, Jan 10 (Reuters) - Dubai expects to post its first budget deficit in 2009 as major infrastructure projects weigh on the Gulf emirate's budget, a senior policy-maker said on Saturday. ...

Jumeirah Business Centre (JBC) Towers Projects Awards AED 245 Million Contract

Al Fajer Properties Announces Orders for AED 245 Million Worth of of Aluminium and Glass
MarketWatch (press release) - USA
DUBAI, Jan 10, 2009 (BUSINESS WIRE) -- Al Fajer Properties (AFP) today announced orders worth AED 245 million (US$66.8m) for aluminum and glass for its world class Jumeirah Business Centre (JBC) towers projects
 
AFP is the premier developer in the Dubai World DMCC Jumeirah Lakes Towers (JLT) community and is the only developer to include a 5 floor atrium within the lobbies of its towers. JBC, situated within a free-zone, offers high end commercial properties attracting both large local companies and multi-national organizations from around the world. ...