|Real Estate News|
News Archive of December 2006 Page 1
Enabling work is almost complete on Omniyat Properties AED 345 million (US$ 92 million) 25-storey commercial tower, Bayswater.
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 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, 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.
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 largest ever promotion worth over AED87 million for Dubai Shopping Festival 2006.
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, 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, 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, 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, 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 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.
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, 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, 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.