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Real Estate News
Omniyat Properties current CEO to step down

Property Courses in Dubai Real Estate Institute programme

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

News Archive of December 2006 Page 1

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Bayswater’s enabling work reaches completion

Enabling work is almost complete on Omniyat Properties AED 345 million (US$ 92 million) 25-storey commercial tower, Bayswater.

Eight high-rise towers licensed in a month

Dubai Municipality issued in December 2006 permits to build eight high-rise towers in various parts of the city at a total cost of Dhs3.5 billion and with a total built-up area of 11.3 million square feet, said Khalid Mohammed Saleh, Director of Building Department.

Emaar offers easy home finance options for Dubai Marina

Emaar Properties celebrates three years of its successful roll-out of Dubai Marina, the first of its kind waterfront development in the region, by offering easy home finance solutions for its up-and-coming projects.

Marina West appoints Asteco as sales & leasing agency

Marina West, Bahrain’s first residential beachfront community to be located on the Kingdom’s west coast, has appointed Asteco Property Management as its exclusive sales and leasing agency.

DAMAC appoints the main contractor for Park Towers project

Luxury lifestyle provider, DAMAC Properties, has appointed Shapoorji Pallonji (LLC) as the main contractor for this AED 600m Park Towers project at DIFC.

DAMAC announces the promotion for DSF 2006

DAMAC announces the largest ever promotion worth over AED87 million for Dubai Shopping Festival 2006.

Dubai Cityscape attracted the crowds for Riffa Views

Riffa Views Signature Estates’ recent participation in the Dubai Cityscape International Property and Development Exhibition received unprecedented levels of interest according to Richard Browning, Chief Executive Officer of Riffa Golf and Residential Development Company.

Nakheel chosen Swiss-based company to design ‘Show Villa’

Nakheel, the UAE’s leading real estate developer, has selected Swiss-based TGEC BRIGHT for the interior design and fit-out of The Palm Jumeirah ‘Show Villa’.

Emaar Hotels & Resorts strengthens core team in London

Emaar Hotels & Resorts, the hospitality subsidiary of global real estate major Emaar Properties, has strengthened the core management team at its London headquarters to steer the on-schedule completion of Armani Hotels & Resorts and identify opportunities for greater international expansion.

Dubailand gets ISO 9001:2000 certification

Dubailand, the leading family entertainment destination and member of Tatweer, has been awarded the ISO 9001:2000 certification after a comprehensive audit of its management processes by Lloyd’s Register for Quality Assurance.

Nakheel plans to participate at Cityscape in Asia

Nakheel, the UAE’s largest property developer, is looking to participate at Cityscape events in Asia after achieving more than US$100m of sales at Cityscape 2006 in Dubai.

Emaar launches ‘The Loft Towers’ on Burj Dubai Boulevard

Emaar Properties has launched a three-tower, high rise residential complex - The Loft Towers -on Burj Dubai Boulevard, a vibrant component of the Downtown Burj Dubai development.

Jumeirah Lakes Towers touches AED2.5 billion in investment

The launch of Jumeirah Business center - 5 (JBC-5), takes the cumulative investment of the Group in Jumeirah Lakes Towers community to AED 2.5 billion.

Mazad Auction was attended by 200 investors at Cityscape

Mazad, the auction house of Dubai Properties, raised over AED 250 million within the first hour for 11 select DP lots during its third public sale, which took place on the last day of Cityscape 2006.

Sentosa Cove attracts GCC investors concluded at Cityscape

Sentosa Cove, Singapore’s most exclusive oceanfront marina estate, proved to be a major attraction among the GCC investors at the recently concluded real estate event, Cityscape Dubai 2006.