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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, January 20, 2009

CityScape Headlines Briefs

Masdar to build solar photovoltaic plant

Masdar, a sustainable energy-saving initiative, has begun building the first solar photovoltaic plan... Read more >>
Source: Adfero

Capitala signs co-Operation agreement with Abu Dhabi Finance

Capitala, the Abu Dhabi based real estate company, today announced that it has signed a Co-operation... Read more >>
Source: MENA report.com

Slowdown fails to dampen enthusiasm for Cityscape Abu Dhabi

Organisers report 85% space already sold for Cityscape Abu Dhabi 2009; UAE capital still one of mos... Read more >>
Source: Cityscape Intelligence

UNIBETON and iCrete Announce Clean Technology Partnership Agreement

UNIBETON, the largest and most technically advanced concrete producer in the United Arab Emirates,... Read more >>
Source: PR Newswire

UAE offers attractive investments for foreigners

The United Arab Emirates (UAE) provides a variety of attractive investment opportunities for foreign... Read more >>
Source: Adfero

'Abu Dhabi is well placed to be a future capital'

The city of Abu Dhabi is well placed to be a future capital of the Middle East, one real estate deve... Read more >>
Source: Adfero

RERA and DIB Forum looks at issues of real estate developers

Dubai Islamic Bank (DIB) in partnership with the Real Estate Regulatory Agency (RERA) hosted ... Read more >>
Source: Gulf News

'Expansion of Ras Al Khaimah set to continue'

The expansion of the Ras Al Khaimah Free Zone (Rak Ftz) is expected to continue despite the impact o... Read more >>
Source: Adfero

'Saudi Arabia one of most business friendly places'

Saudi Arabia is among the top 20 most business friendly places in the world, according to the result... Read more >>
Source: Adfero

ABERDEEN TO SET UP $1 BILLION INDIA-SPECIFIC REALTY FUND (for investing in real ...

Aberdeen Asset Management (Aberdeen), an international investment management group, will set up a $1... Read more >>
Source: India Business Insight

Marriott to open hotels in India

The Marriott firm is to open up to seven hotels in India during 2009 with a collective capacity of m... Read more >>
Source: Adfero

ANDHRA CM TO REVIEW MAYTAS-RUN PROJECTS (including the Hyderabad Metro Rail Proj...

The chief minister (CM), Government of Andhra Pradesh, will review infrastructure projects being dev... Read more >>
Source: India Business Insight

Unitech to sell parts of its property portfolio

Unitech, a real estate developer in India, is to sell parts of its property portfolio in a bid to ti... Read more >>
Source: Adfero

'Indian developers fail to cut prices'

Indian property developers have failed to cut real estate prices despite a restructuring of the loan... Read more >>
Source: Adfero

IFC TO INFUSE $3 BILLION IN BANKS VIA RECAPITALISATION FUND (to support financia...

The International Finance Corporation (IFC) of Washington is planning to infuse funds worth $3 billi... Read more >>
Source: India Business Insight

Hyatt Corporation to expand in India

The Global Hyatt Corporation has announced plans to expand its brand in India over the course of the.. Read more >>
Source: Adfero

Omaxe to build 10,000 homes in Indore

Omaxe, an Indian real estate developer, is to launch the construction of 10,000 homes in Indore. Ac... Read more >>
Source: Adfero ..

Job cuts in real estate market in Pune

A number of redundancies have been issued and projects halted in the region of Pune, according to th... Read more >>
Source: Adfero

International & Indian Law Firms, Clifford Chance and AZB, Form 'Best Fr...

Clifford Chance and AZB are pleased to announce an agreement to establish a 'best friends' relations... Read more >>
Source: Cityscape Intelligence

'Chinese economy to see a rough ride during 2009'

The economy in China is to go through a tough time in 2009 but should see some sort of recovery duri... Read more >>
Source: Adfero

More than 100,000 flats to be built in Shanghai

An estimated 120,000 flats are to be built in Shanghai over the course of the next two years, one re... Read more >>
Source: Adfero

Foreigners Fishing in Depressed Korean Assets for Bargains

When U.S. buyout firm Lone Star purchased the landmark 45-story Star Towe... Read more >>
Source: Korea Times

'SG Private Bank setting up real estate fund'

Societe Generale (SG) Private Bank is establishing a real estate unit for those global investors loo... Read more >>
Source: Adfero

Chinese real estate to recover by 2011

The real estate industry in China is expected to recover from its current slump by 2011, one report ... Read more >>
Source: Adfero

Jobless migrants flood back to China's villages

For Chen Xiaohong, the global economic crisis started with unsold portable DVD ... Read more >>
Source: Associated Press Alert

Indonesian government called on to ease real estate rules

The government in Indonesia is facing increasing numbers of calls to ease legislation surrounding pr... Read more >>
Source: Adfero

'China's construction sector to outperform others'

The construction sector in China is expected to perform better than the same industry in other emerg... Read more >> Source: Adfero

China and India to benefit from new FTSE indexes

China, India and Indonesia are among the 13 emerging markets to receive a real-time index to allow i... Read more >>
Source: Adfero

Shenzhen may lead real estate revival in mainland

Shenzhen real estate sales are expected to see the fastest rebound among mainland cities this year, ... Read more >>
Source: China Daily

Abu Dhabi-based Khalifa Fund Continues to Inject Funding into 100 New Projects

Abu Dhabi-based Khalifa Fund will continue to inject funding into 100 new projects this year in small and medium enterprises (SMEs) and growth sectors such as manufacturing and tourism in the emirate.

Speaking to Emirates Business, Dr Halah El Sokari, Director of Strategy and Planning for the Khalifa Fund, said: "Despite the financial crisis and business slowdowns in other places in the region and the world, nothing has changed in our five-year strategic plan.

The US$3 Billion Qatar-Bahrain Causeway Now Set to Start

Work on the $3 billion Qatar-Bahrain Causeway is now set to start this summer with a five-year timeline, it was revealed on Tuesday., "The delay is to incorporate provisions for passenger and freight rail tracks," Qatari Diar Vinci Construction (QDVC) CEO Gerald Mille said in comments published by Qatar daily Gulf News. Work had originally been scheduled to start this month. ...

New Zayed University US$28.5-Million Design Contract Awarded to AECOM

AECOM Wins US$28.5-Million Contract to Design New Zayed University Campus in Abu Dhabi
SYS-CON Media - Montvale, NJ, USA
AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, today announced that it has been awarded a one-year, US$28.5-million contract to provide design services for Zayed University's new campus in Abu Dhabi, United Arab Emirates (U.A.E.).  ...

Abu Dhabi to Press Ahead Solar Energy Plans

ABU DHABI, Jan 19, 2009 (AFP) - Oil-rich Abu Dhabi said Monday it will press ahead with plans to develop solar energy, shrugging off a huge drop in oil prices which is cutting the emirate's revenues. ...

Shuaa Capital - Stock Markets to Rise 21 Per Cent in 2009

UAE Markets Seen Gaining 21% in 2009: Shuaa
Middle East North Africa Financial Network - Amman, Jordan
DUBAI - Stock markets in the United Arab Emirates, which fell as much as 72 per cent last year, are likely to rise 21 per cent in 2009 as confidence begins to recover in the second half of the year, Shuaa Capital said on Sunday. "Negative economic and corporate news flow will present a headwind for stocks throughout 2009, setting a grim mood, especially during the first half of the year," the Dubai-based investment bank said in a research note. ...

Qatar Government Ordered Merger Between Barwa Real Estate and Qatar Real Estate Investment Co

Qatar govt orders new property merger as woes mount
Reuters - USA
DUBAI, Jan 19 (Reuters) - Pressure on Qatari firms to merge to withstand the global financial crisis increased after the government ordered a merger between Barwa Real Estate BRES.QA and Qatar Real Estate Investment Co QREC.QA.
The merger -- the fourth in the Gulf Arab gas exporter in three months -- comes as Gulf real estate markets suffer under the financial crisis and falling oil prices. The two firms have a combined market capitalisation of $2.5 billion. ...

Al Farwaniya Property Developers Buys 1.3 Million Square Feet at Najmat Abu Dhabi

Reem sells four seafront plots to Al Farwaniya
Zawya - United Arab Emirates
Reem Developers, an Abu Dhabi-based master developer and a subsidiary of Reem Investments, yesterday sold four seafront residential plots measuring 1.3 million square feet to Al Farwaniya Property Developers. ...

Emerson Opens New Dubai Regional Headquarters

Recent investment highlights longstanding presence and strong customer relationships in region DUBAI, United Arab Emirates, January 13, 2009 - Emerson (NYSE: EMR) yesterday celebrated the official opening of its new regional headquarters in Dubai to better serve its growing portfolio of business in the Middle East and to reinforce the company's long-term commitment to the region. David N. Farr, ...

Women Won Court Verdict for a Dubai Property Ownership

Court confirms ownership of property worth Dh1.69m
GulfNews - Dubai,United Arab Emirates
Dubai: A woman has won a court order confirming her ownership of a property worth Dh1.69 million in one of the most prestigious gated communities here. ...

Global Investment House Saudi Arabia Launches Operations

Kuwait: Global Investment House (Global) announced today that Global Investment House Saudi Arabia (Global-Saudi) received permission from the Saudi Financial Authority to launch its operations in private placements, M&As, privatizations, advisory services and IPOs to name a few. Global-Saudi has a capital of 50 million Saudi Riyals. ...

Hotel Projects to Continue in India

Hotel players flock to invest in India
Asia Property Report - Bangkok, Thailand
The slowdown does not appear to be hampening hotel development in India, with players Carlson Hotels and Global Hyatt Corporation still keen to invest. ...

Cityscape Real Estate Abu Dhabi Slowdown

The economic slowdown and the corrections to global property prices are failing to dampen industry enthusiasm for an international real estate exhibition and conference to be staged soon in the United Arab Emirates. ...