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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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Monday, May 11, 2009

Emaar MGF Gets Loan to Complete Games village

Emaar MGF gets Rs 500-cr govt loan to complete Games village
Economic Times - Gurgaon, Haryana, India
Delhi Development Authority (DDA), a government agency which had given out the contract to Emaar MGF to build the games village, will extend the loan. ...

Nakheel's Chris O'Donnell Confirms Receiving Funds

Nakheel has started receiving funds from Dubai Government, confirmed its Chief Executive Officer (CEO) Chris O'Donnell in an exclusive interview with Emirates Business. However when asked if the figure stood at Dh2 billion, the chief executive said:

Abu Dhabi Contractor Targeting $544.5mn Contract in Qatar

Abu Dhabi contractor eyes $544.5mn Qatar deal, IPO
Gulf Times - Doha, Qatar
Abu Dhabi contractor National Projects & Construction is targeting a 2bn dirham ($544.5mn) contract in Qatar and is hoping to sell shares to the public within two years, its general manager said. ...

Contracts Worth Dh500 Million at Airport Show in Dubai

Dh500m contracts up for grabs at Airport Show in Dubai
GulfNews - Dubai, United Arab Emirates
Dubai: Contracts of Dh500 million will potentially go through at the Airport Show in Dubai next week from the Dh220 billion total worth of airports projects underway in and around the Middle East region.
Project owners from various airport developments will offer contracts on airport building, equipment and services. ...

Double Digit Growth for Abu Dhabi

Abu Dhabi to See Double Digit Growth in 2010, 2011
Khaleej Times - Dubai, United Arab Emirates
DUBAI - Ahmad Abu Ghaida, Acting Director General of Abu Dhabi Economic Planning said that industrial and real estate expansion pursued by the capital may help the emirate record double-digit growth in 2010 and 2011. ...

Dubai Property Ring to Start Construction on Revolving Tower

Construction on rotating tower to begin in weeks
The National - Abu Dhabi, United Arab Emirates
As other major projects across Dubai are scaled back or delayed, Dubai Property Ring says it is planning to start construction on its ambitious Dh700 million (US$190m) revolving tower, which rotates through 360 degrees, in a matter of weeks. ...

Best Western Hotels to Expand from Dubai to Saudi Arabia

Best Western hotel chain, which recently began managing its first property in Dubai, said it expects Saudi Arabia to provide huge growth opportunities for its regional expansion. "
For future prospects, we are moving into Saudi Arabia. We are focusing on all the major cities," Best Western International's Asia development manager Varanyou Tipayamontri told Gulf News.

Oman's Bid for Solar Power

Zawya
MUSCAT -- Oman's maiden foray into large scale renewable energy development has generated mammoth international interest. A record 50-plus firms have so far signalled their desire to participate in a competitive tender for advisory services linked to the planned establishment of a major solar power plant in the Sultanate. ...

Water Deals Signed In Saudi Arabia Worth SR9 Bn

Water Deals Worth SR9 Bn Signed In Saudi Arabia
Zawya
In a major move to boost water supplies to the Saudi capital and its surrounding areas, Saudi Arabia awarded contracts worth SR9 billion yesterday. The contracts are for implementing water projects that will ensure adequate supplies of water and power to the Central Region. ...