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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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Friday, March 6, 2009

French Military Base in Abu Dhabi Opens May 2009

PARIS, March 5 (RIA Novosti) - France plans to open a military base in Abu Dhabi, the capital of the United Arab Emirates, on May 27, a leading French newspaper reported on Thursday.
According to Le Monde, the United Arab Emirates has long been in favor of a French base on its territory. However, former President Jacques Chirac's presidential administration was pushing for bases in French-speaking African countries. ...

Drake and Scull International IPO Listing 16 March 2009

Drake set for Dubai listing
Gulf Daily News - Manama, Bahrain
DUBAI: Contractor Drake & Scull International will list its shares in Dubai on March 16 in a delayed move following its initial public offering (IPO) in July last year, the company said yesterday.
Drake, which specialises in mechanical, engineering and plumbing businesses, raised 1.22 billion UAE dirhams ($332.1 million) in the IPO aimed at expanding its business across the Middle East and North Africa (Mena). ...

Office Developments Worth US$15.7 Billion Underway In UAE and GCC

Office developments across the region top US$15.693 billion
WAM - Emirates News Agency - Abu Dhabi, United Arab Emirates
Despite the global economic downturn, office developments worth US$15.7 billion are now underway across the GCC.
According to a leading Dubai-based market research company Proleads, there are currently 156 office developments underway across the region, with 74 due for completion in 2009 and 82 due for completion in 2010. ...

Dr Firas Abouzaki Reviews Middle East Project Management

Growth projected in Project Management
Business Today - valletta, Malta
While in Malta to conduct a course in Project Management, 37-year-old Lebanese civil engineering guru Dr Firas Abouzaki spoke to Business Today on the future of project management and how construction in the Middle East has been affected by the global economic downturn. ...