|Real Estate News|
News Archive of January 2007 Page 1
Sorouh Real Estate, the leading real estate developer based in Abu Dhabi, today announced that it had earned a cumulative net profit of AED 976 million for the period beginning July 2005 and ending December 31, 2006.
Asam Investments & Real Estate announces its alliance with Amlak to offer a finance option to its esteemed buyers on the purchase of office space at Grosvenor Business Tower.
Luxury lifestyle provider, DAMAC Properties, announced that it is well on its way to reaching its target, having sold more than 545 units to date during its special Dubai Shopping Festival (DSF) promotion.
Powered by strategic acquisitions/ expansion and supported by robust sales within the region, global property developer Emaar Properties PJSC has recorded an impressive growth of 35 per cent in annual profits for the year ended December 31, 2006 compared to year 2005.
Reem Developers, a leading property development company, will build three world-class marinas that will form the cornerstone of its flagship project, Najmat Abu Dhabi, which is well on course to becoming Abu Dhabi’s landmark urban development.
Ajman’s ambition of playing a key and significant role in the region’s lucrative real estate market and its appeal to local and foreign investors, via the development of its various economic sectors including industrial, commercial and tourism, is expected to get a further boost.
Luxury lifestyle provider and the region’s leading private sector developer, DAMAC Properties, in less than two months has sold 75 per cent of ‘La Residence at the Lotus’, the company’s first residential tower in Business Bay.
Tatweer, a member of Dubai Holding, today named Khalid Al Malik as its new Chief Executive Officer (CEO), replacing Saeed Al Muntafiq who has taken over as Chairman of the Board of Tatweer.
In light of the UAE and the wider GCC’s economic boom, Al Mazaya Real Estate Co, have entered the region’s property market seeking to play a pioneering role that will raise the level of awareness and understanding for investors and consumers alike who have an active interest in the sector.
People shopping for property in Dubai may breathe a little easier once a new programme, aimed at weeding out unqualified real estate agents, goes into effect tomorrow.
As many as half the individual property agents operating in Dubai could be weeded out by tough government regulation of real estate brokers, according to Dubai Land Department.
Opus Technologies, a leading designer and manufacturer of multi-room entertainment systems has been nominated exclusive supplier of audio and video (AV) smart home technology for Oceana - The Palm Jumeirah.
Pearl Properties, a group company of His Highness Sheikh Issa Bin Zayed Al Nahyan, has announced plans for the construction of ‘Al Hekma Tower’.
P&T Architects and Engineers Ltd., a Hong Kong based international company employing over 900 staff around the world, have recently opened a new branch in Abu Dhabi to coincide with the award of a major project - the prestigious First Abu Dhabi - Shams on Reem Island.
Following the launch of West Wharf, one of the few dedicated residential developments in Business Bay in December last year, today saw the official groundbreaking ceremony and laying of the foundation stone.