Bawadi's Project Master Plan Approved

Dubai Municipality clears master plan for land use in Bawadi
Zawya - United Arab Emirates
Dubai Municipality (DM) has approved the master plan for land uses under the Bawadi project launched by Bawadi company, a member of Tatweer Dubai, and to facilitate all the planning and coordination of the project as it represents a part of the overall master plan of the project. ...

Damac Finalized Master Plans for Kurdistan and Egypt Project

Damac finalises master plan for Kurdistan project
Zawya - United Arab Emirates
Damac Properties is in the process of finalising the master plan for its Dh55 billion Tarin Hills project in Kurdistan and the Dh60bn Gamsha Bay project in Egypt, a senior executive said. ...

Property Prices at Al Raha Beach in Abu Dhabi

Nice price, if you can get it
The National - Abu Dhabi, United Arab Emirates
... A two-bedroom flat on the Palm Jumeirah in Dubai that sold for Dh3m (US$817,000) last year, for example, was listed yesterday for Dh1.8m. Some one-bedroom flats at Al Raha Beach in Abu Dhabi are now hovering just above the Dh1m mark, compared with about Dh2m in July. ...

Leo Sterling UAE Invites Dedicated Real Estate Sales Professional to Join

Leo Sterling increasing staff strength to bolster expansion plans
AME Info - United Arab Emirates
Leo Sterling, one of the leading real estate agents in the UAE, is inviting dedicated sales professionals to join its workforce. The company has been buoyant in the current economic condition, by offering a higher quality of products and services. ...

Multifold Growth for US Exports to UAE Market

UAE is biggest market in Mena for US exports
GulfNews - Dubai, United Arab Emirates
Dubai: US exports to the UAE have grown multifold since the beginning of the century and placed the country as the top list of America's importers in Middle East and North Africa (Mena) region, US ambassador to the UAE Richard Olson said Wednesday.
"In 2000, US exports to the UAE amounted to $2.2 billion [Dh8.1 billion]. In 2008, they reached $15.7 billion," Olson said.

Three Good Reasons why Dubia won't Collapse

Three cheers for Dubai
guardian.co.uk - UK
Will Dubai collapse? Of course not. And for three very good reasons:
First, the very fact that almost all of the emirate's labour is foreign is a boon. Simply put, there will be no long lines at the unemployment office. There will be no public or parliamentary debate over how to help those who are now out of work. ...

Aramco Spends $60 Billion on Projects Saves $10 Billion

Aramco earmarks $60 bln for oil and gas projects
guardian.co.uk - UK
RIYADH, March 18 (Reuters) - State oil firm Saudi Aramco will keep spending on oil and gas projects within the kingdom through 2014 at about $60 billion, a newspaper reported on Wednesday, quoting a contractor in business with the company.

The top oil exporter's five-year plan would be $10 billion cheaper than the last plan coming to completion in June. ...

Kerzner International Hotel Occupancy Down but Profits Unchanged

Moroccan project to be profitable in first year
guardian.co.uk - UK
EL JADIDA, Morocco, March 18 (Reuters) - Bahamas-based Kerzner International has seen a drop in occupancy at its hotels but is still making profits despite the global economic crisis, the company's founder, Sol Kerzner, said.

The proportion of its hotel rooms filled has fallen to between 67 percent and 68 percent, from about 80 percent, but the company has not cut room rates, Kerzner said. ...

Terex and Scania New Office in UAE

Terex and Scania to expand UAE operations
Construction Week Online - Dubai, United Arab Emirates
Two firms with operations in Dubai are preparing to open new warehouses, despite the economic hardship in the emirate.

Terex, the multinational firm that owns the Genie brand of access platforms, is putting the finishing touches on a new office and parts centre in Dubai's Investment Park. ...

Best Time to Buy UAE Real Estate

Real deal: Best time to buy property
XPRESS - Dubai, Dubai,United Arab Emirates
With property prices dropping, buyers are slowly returning. According to Samir Lakhani, a Pakistani real estate executive, end-user purchases are trickling in as property prices in Dubai have dropped between 35 and 50 per cent in recent times.

"For end-users, this is the best time to invest in property … prices are close to the bottom, if they haven't hit the bottom yet," said Lakhani who bought a villa at Emirates Hills last February. ...

Aldar Properties Membership in Build Safe UAE

Aldar Properties becomes first developer in Abu Dhabi to sign up to Build Safe UAE
Zawya - United Arab Emirates
Abu Dhabi, 16th March 2009 (WAM) - Aldar Properties PJSC, Abu Dhabi's leading property development, management and investment company, is the first master developer of Abu Dhabi to formally become a full signatory member of Build Safe UAE. ...

International Investors to do businesses in Dubai

Dubai economic department to engage international investors
Property Wire - St. Albans, England, UK
The Dubai Department of Economic Development (DED) and the Foreign Investment Office (FIO) have recently signed a Memorandum of Understanding (MoU) with the Dubai Real Estate Corporation (DREC) to attract international investors to do businesses in Dubai. ...