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Real Estate News Alert

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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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Wednesday, March 11, 2009

Jones Lang LaSalle Investor Sentiment Survey (ISS) - MENA

Cityscape and JLL Investor Sentiment Survey (ISS) - MENA

As an additional incentive to participate in JLLL Survey, Cityscape is offering the chance for two respondents to win either an access-all-areas pass to Cityscape Abu Dhabi (worth US$ 8,445) or a complimentary one-year subscription to Cityscape Intelligence Cityscape Intelligence (worth US$ 2,495). If you wish to receive the report or qualify for the prize draw, please ensure you provide your contact details at the end of the survey. If you have already completed the survey, we would like to thank you for your time.

The survey will close on 12 March 2009 at 18:00 UAE time. Your sentiment is extremely valuable; The survey has been designed to take no more than 10 minutes to complete and all responses will be treated in the strictest confidence.

If you wish to receive the report or qualify for the prize draw, please ensure you provide your contact details at the end of the survey.

Please note that the deadline for responses is March 12 so it would be grateful if you could send us your replies prior to this.

Link to Survey

Tameer to Launch Saudi Beach Resort Project

Exclusive: Tameer committed to launching Saudi beach resort project
Construction Week Online - Dubai, United Arab Emirates
Bahrain's Al Khaleej Development Company, also known as Tameer, is six months away from officially launching a new multi-million dollar resort project in Saudi Arabia.
The Dannat Resort at Half Moon Bay on Saudi Arabia's east coast will cost around US $667 million (SAR 2.5 billion), said executive director of business development Mohammed Abdul Khaliq. ...

Interserve Won £200 Million Facilities Management Contracts

Interserve secures £200m in new contracts
CN plus - London, UK
Interserve has been named preferred bidder to deliver a total facilities management contract for 10 years for Ealing Council worth £5 million a year.
Interserve has also won a contract on behalf of Leeds Partnerships NHS Foundation Trust through Equitix which, in a Private Finance Initiative project, owns and operates seven sites in Leeds providing a range of mental health services.. ...

Saudi Arabia Banned Promotion and Sale for Off Plan Real Estate Developments

New real estate rules in Saudi Arabia
Property Wire - St. Albans, England, UK
New rules in Saudi Arabia have banned the promotion and sale of real estate developments that are still at the planning stage.
All advertisements and promotional material in local and foreign media have been outlawed in a set of new rules covering the sale of residential, commercial, office and industrial property. ...

Ducab Cables for Al-Raha Beach Development Project

Ducab secures Al Raha deal
Zawya - United Arab Emirates
Ducab, the leading manufacturer of high quality power cables in the Middle East, said that they have signed a Strategic Manufacturer Agreement (SMA) to supply LV wires and power cables to Al Raha Beach Development Project. ...

Emaar Misr To Continue Projects

DUBAI (Reuters) - Emaar Properties' Egyptian subsidiary, Emaar Misr for Development, will spend around 4 billion pounds from residential sales and reserves to develop three projects, the developer said.
"Emaar Misr for Development is currently developing Uptown Cairo, Marassi and Mivida, which will see significant construction progress this year," Emaar Properties' chief financial officer Amit Jain said in a statement on Dubai's bourse website on Tuesday....

UAE JV Libya for $375 Million Oil Refinery

USD375m UAE, Libyan oil refining JV set up
WAM - Emirates News Agency - Abu Dhabi, United Arab Emirates
Tripoli, 9 March 2009 (WAM) - Libya's National Oil Corporation (NOC)and the UAE-based Trusta today signed an agreement to set up a joint venture to develop the Ras Lanuf oil refinery in Libya. ...

IntraLinks Opens New Middle East Office at Dubai Internet City

IntraLinks Opens First Middle Eastern Office in Dubai
SYS-CON Media - Montvale, NJ, USA
... IntraLinks(R), the leading provider of critical information exchange solutions, has opened an office in Dubai to address the growing needs of companies throughout the Middle East. The first IntraLinks location in the region, the office in the 41-story Shatha Tower of Dubai Internet City is an important addition to the company's worldwide operations in more than 20 cities. ...

UAE's Arabtec Expansion Targets Five Egyptian Projects

Dubai's Arabtec targets five Egypt projects
Reuters India - Mumbai, India
BDUBAI, March 10 (Reuters) - The United Arab Emirates' largest contractor by market value Arabtec ARTC.DU is targeting five projects in Egypt as it looks to expand in the region amid a real estate slump in its home market. "We have the strategy to move into these countries if projects become available to us," Arabtec Construction's chief executive Thomas Barry told Reuters on Tuesday. ...

Emirate's Surface Transport Master Plan at Urban Transportation Conference 26th April 2009

Department of Transport to present Surface Transport Master Plan at Urban Transportation 2009
AME Info (press release) - United Arab Emirates
IQPC, a global provider of tailored, industry-driven conferences, will be hosting Urban Transportation 2009, a prestigious four-day event focusing on the creation of integrated, sustainable and cost-effective urban transportation networks.
The Department of Transport is participating in the first day of the conference, Sunday 26th April 2009, during which they will present the Emirate's groundbreaking Surface Transport Master Plan (STMP) alongside the Urban Planning Council. ...

Construction Starts as Planned for Dubai Kempinksi Hotels

Poznyakizhilstroy Corporation & Emerald Palace Group confirm development milestones for four Kempinksi Hotel & Residences projects
Aim168 Real Estate (press release) - Dubai, United Arab Emirates
...The Emerald Palace Corporation confirmed that despite the global financial situation, no Residences buyers have cancelled and all buyers have paid all instalments. The company also said that its other two projects in Dubai, the Kempinski Business Bay and the Kempinski Jebel Ali, will start construction during, early 2010, as planned. ...

Qatar will Deliver Liquefied Natural Gas to Dubai

Qatar to Ship Liquefied Gas to Dubai, Starting 2011 (Update2)
Bloomberg
March 10 (Bloomberg) -- Qatar will deliver liquefied natural gas to Dubai through a Royal Dutch Shell Plc offshore import terminal a year later than previously planned, Qatar's oil minister said. ...