Dubai Property Investors Gets Full Refund

Full refund for cancelled developments in Dubai
Property Wire - St. Albans, England, UK
Property investors in Dubai who find that the development projects they have invested in are cancelled by the state's real estate regulators will receive a full refund, it has been revealed. ...

Dubai's Jumeirah Group to Manage China Hotels

Jumeirah chief targets expansion in China
The Standard - Hong Kong
Jumeirah Group, the Dubai-based luxury hotel and resort operator, is in the final stages of negotiations about managing hotels in Beijing, Sanya and Hangzhou, executive chairman Gerald Lawless told The Standard. ...

MAG Group to Buy Continental AG Factory

UAE's MAG says in talks to buy Continental plant
Reuters UK - UK

DUBAI, April 26 (Reuters) - United Arab Emirates-based industrial and property group MAG said on Sunday it was in "initial" talks with Continental AG to buy a factory in France but it was too early to talk about striking a deal. ...

Abu Dhabi and GCC Metro Projects

DOT primed to put metro up for tender
The National - Abu Dhabi, United Arab Emirates

A tender for Abu Dhabi's planned 340km tram system will be sent out within the next two months and a consultant selected for the 130-km metro system in the capital in August, the Department of Transport (DoT) said yesterday....

Samsung Engineering to bid for GCC metro projects
SteelGuru - Gurgaon, Haryana, India
It is reported that Korean contracting giant Samsung Engineering is preparing to bid for the upcoming metro projects across the GCC. ...

MENA Rail Projects to Boost Related Industries

Ambitious Rail Projects In MENA Region Will Boost Demand For Digital Signage By Over 500%
Middle East Events (press release) - Dubai, United Arab Emirates
The flurry of activity around rail projects in the MENA region is boosting the fortunes of related industries, including the digital signage segment, which is set to grow by over 500%, according to conservative estimates. ...

Dubai To Meet Contractual Oligations

Dubai Says It Will Meet All Contractual Obligations (Update1)
Bloomberg

April 27 (Bloomberg) -- The government of Dubai, the second largest sheikhdom in the United Arab Emirates, denied a press report that it will not settle all of its debts with construction companies. ...

Emaar Progress at Tinja - Morocco

Emaar Morocco makes strong progress in construction of Aldea residences in Tinja
Zawya - United Arab Emirates

Tangiers, Morocco; April 26, 2009: Emaar Morocco, the country subsidiary of Emaar Properties PJSC, has made strong progress on the construction of Aldea villas and townhomes in Tinja, its pioneering master-planned community in Tangiers. Foundation work on the homes is currently progressing and the first phase is scheduled for completion in 2010.

Aldar Properties Signed MOU with Abu Dhabi Investment House

Aldar Properties in JV with Abu Dhabi Investment House
SteelGuru - Gurgaon, Haryana, India
Aldar Properties confirmed that it has signed a MOU with Abu Dhabi Investment House. As per report, the MoU will pave the way for the creation of a new JV to develop fresh investment opportunities.

According to news agency WAM, it is envisioned that the new JV will initially focus on the Al Remila part of phase 2 of Al Raha Beach. ...

Markus Giebel: Deyaar to Buy Distressed Debts

Deyaar to set up series of distressed debt funds
Reuters - USA
DUBAI, April 27 (Reuters) - Dubai real estate developer Deyaar DEYR.DU will launch a series of funds of up to 1 billion dirhams ($272.3 million) to buy distressed debt, including its own, as it looks to boost returns for shareholders, its chief executive said. ...