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Real Estate News
Tameer announces ground breaking of Platinum Towers Baniyas Investments awards contract to Saunders Global ARRA sets deadline for the developer’s registration Omniyat Properties current CEO to step down Damac announces Completion of enabling works at Lincoln Park

News Archive of December 2005 Page 2

Damac’s Ocean Heights piling contract awarded

DAMAC Properties, has awarded a AED 21 Million contract to Abu Dhabi based APCC, a leading piling company in the UAE, to conduct piling works on the 82-storey Ocean Heights development located within the upscale Dubai Marina.

Leasehold property in Abu Dhabi available for expatriates

Expatriates will be able to buy leasehold property for the first time in Abu Dhabi early next year, the chief of Aldar Properties said.

More monorails in Dubai in addition to Dubai Light Rail

Dubai is likely to get at least seven monorails in addition to the Dubai Light Rail project, with the development of new master-planned neighbourhoods, developers said.

Freehold property, The Pacific in Dubai Marina, launched

Oryx Apartments announces the launch of its third off-plan freehold apartment building - with stunning views of the Dubai Marina Yacht Club.

Emirates Railways, UAE’s future national rail network

Emirates Railways, the country’s future national rail network, will be part of a GCC-wide rail network currently under study, officials say. It will be more than 700 km-long and will link Abu Dhabi with Dubai, Sharjah, Ras Al Khaimah and Fujairah.

Real estate tourism project, Fujairah Paradise on course

Escan Properties, the newly established property developer, has signed an agreement with Riyadh Golden Investment and Development Establishment to manage and market Fujairah Paradise.

Tallest tower in the world - Burj Dubai or Al Burj?

Burj Dubai, which is on its way to becoming the tallest tower in the world, could be dwarfed by another Dubai landmark, Al Burj, before its completion in 2008, officials told a Meed Projects conference on Tuesday.

South Ridge in Burj Dubai district revealed

Emaar’s South Ridge is the latest residential property to be revealed at the exclusive Burj Dubai district and offers some of the best panoramic views of the 500-acre project.

Giorgio Armani visits Armani Hotel site in Burj Dubai

Emaar Properties’ iconic Burj Dubai development received its most high profile visitor to date when celebrated Italian fashion designer Giorgio Armani was given a personal tour by Emaar’s Chairman Mohamed Ali Alabbar on Sunday, December 4.

Nakheel to build world-class marinas in Dubai

Two of the leading innovators in luxury waterfront property development have come together to develop and build up to 40,000 slips in new luxury marina facilities in Dubai, the fastest growing region of waterfront development in the world.

Dubai Waterfront welcomes Arab-British Chamber of Commerce

Waterfront welcomed a high profile delegation from the Arab-British Chamber of Commerce, with the aim of increasing links between the world’s largest waterfront development and the organisation devoted to the encouragement of Arab-British trade and economic co-operation.

Investment opportunities in Dubai for German hoteliers

The Dubai Department of Tourism and Commerce Marketing (DTCM) is playing host to a German delegation consisting of proprietors and chief executive officers, of nine leading hotels with the aim of inviting German participation in Dubai’s hospitality sector.

Hospitality experts highlight the challenges of the industry

Leading hospitality experts from around the world highlighted some of the crucial challenges facing the global hospitality industry, during a high-profile hospitality summit held in the UAE today.

Dubai World Trade Centre Complex development approved

His Highness Sheikh Hamdan bin Rashid Al Maktoum, UAE Minister for Finance and Industry, Deputy Ruler of Dubai and Chairman of the Dubai World Trade Centre today approved a AED 16 billion masterplan for the enhancement and development of the Dubai World Trade Centre (DWTC) Complex.

Arab companies venturing abroad and spreading their wings

In 2000, Orascom was among the few Arab companies venturing beyond their domestic market, winning brand recognition as far afield as Congo and Pakistan.

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