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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, March 24, 2009

Law Firm Jones Day Opens Office in Dubai

Jones Day opens office in United Arab Emirates
Crain's Cleveland Business
Jones Day opened an office in Dubai, United Arab Emirates this week.
The office is the 32nd location of the big law firm, which has been doing work in that region for more than 20 years. The six lawyers there will focus on energy, finance, arbitration and merger-and-acquisition work. ...

Dubai Orders 260 Daimler Busses

Daimler gets order for 260 buses from Dubai
Detroit News
FRANKFURT -- German car and commercial vehicle maker Daimler AG says its EvoBus division received an order for 260 Mercedes-Benz Citaro city buses from the Emirate of Dubai, but didn't release financial details. ...

Predictions for Abu Dhabi Commercial Property

Abu Dhabi commercial property market predictions
AME Info - United Arab Emirates
Over the
past six or seven years the Abu Dhabi commercial property market has grown considerably, but nowhere near the rate of Dubai. As of today, the total amount of existing commercial stock in Dubai is in the order of 4.1 million square metres, whereas Abu Dhabi amounts to less than half of this, at approximately 1.85 million square metres. ...

Tameer Recontracting Construction Projects in Abu Dhabi

Tameer 'reviews' construction contract
The National - Abu Dhabi, United Arab Emirates
ABU DHABI // Tameer Holding, a Dubai-based property developer, said today it was "reviewing" its construction contracts for the US$1.6bn (Dh5.9bn) Tameer Towers on Reem Island. ...

Bahrain Best Centre for Business 2009 Report

Manama: Bahrain has been ranked the best country for business in the Gulf by Forbes, one of the most trusted information resources for the world's business leaders.
Bahrain is ranked No. 1 in the GCC and 33rd of 127 economies in Forbes' Best Centres for Business 2009 report ...

Sharjah Commerce and Tourism Development Authority to Ukraine Exhibition 25-27 March 2009

Sharjah announces participation in Ukraine International Travel and Tourism Exhibition 2009
AME Info (press release) - United Arab Emirates
Sharjah Commerce and Tourism Development Authority (SCTDA) is gearing up for its next public appearance, this time at the Ukraine International Travel & Tourism Exhibition (UITT) 2009, which will take place at the International Exhibition Centre, Kiev, from 25-27 March 2009. ...

Dubai Islamic Bank to Raise AED 3 Billion

DUBAI, March 24 (Reuters) - Dubai Islamic Bank DISB.DU is considering raising 3 billion dirhams ($817 million) in fresh capital and converting emergency government deposits into regulatory capital as Gulf banks brace for an economic slowdown. ...

Dredging Company Van Oord Cuts Operation in Dubai

Van Oord cuts back Dubai operations
GulfNews - Dubai, United Arab Emirates
Dubai: Dredging company, Van Oord has had to relocate the majority of its Dubai-based employees to projects in other parts of the world due to the severe delays and cancellations of Dubai's water development projects. ...