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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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Thursday, April 30, 2009

Dubai Sorces Phoenix Solar Energy Development

Dubai, Phoenix to sign trade pact
Bizjournals.com - Charlotte, NC, USA
The city of Phoenix and the Persian Gulf emirate of Dubai are signing a trade, transport and solar energy pact Wednesday.
The agreement has been in the works since last year and includes promise to promote trade, develop solar energy sources in both places and to try to bring direct commercial flights between Dubai and Phoenix. ...

MGM MIRAGE and Dubai World Agree over CityCenter

MGM MIRAGE, Dubai World and CityCenter's Lenders Reach Agreement for Completion of CityCenter
PR Newswire (press release) - New York, NY, USA
LAS VEGAS and DUBAI, United Arab Emirates, April 29 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) and Dubai World through subsidiary Infinity World, 50/50 joint venture partners in the CityCenter project, today announced that the companies have reached an agreement on a revised joint venture agreement and also reached an agreement with CityCenter's lenders on a comprehensive plan to fully fund the completion of CityCenter for its scheduled opening later this year. ...

Two New 5-Star Hotels in Dubai

DUBAI // Majid al Futtaim Properties is launching two upmarket hotels attached to its Dubai shopping centres to try to attract more business travellers, the company announced yesterday.
Accor Hospitality will manage the two hotels under the Pullman brand, an entry-level, five-star chain.
The first Middle East Pullman, a 491-room hotel under construction. ...