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Real Estate News
Nakheel partners with US food retailer Balducci’s

Dubai Property Prices to fall by 2011

Tamweel announced that it expects higher growth in 2008

Realty Capital cooperates with Al Naboodah to boost i-Rise

Nakheel partners with US food retailer Balducci’s

JCA Real Estate reveals Dhs252m residential Emerald Tower

News Archive of January 2007 Page 2

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King Abdullah Economic City to be region’s hi-tech hub

Emaar the Economic City (Emaar.E.C) will welcome a high-level delegation of renowned experts from the prestigious Massachusetts Institute of Technology (MIT) to KAEC for developing the project as the most technologically advanced zone in the region and the first ‘Smart City’ in the world.

New World Real Estate achieves sales of AED1.1 billion

New World Real Estate (NWRE), one of the leading real estate companies in the Middle East has notched up an impressive record by achieving sales to the tune of AED1.1 billion for The Living Legends Project by Saudi Arabia-based real-estate and investment group Tanmiyat, during the year 2006.

Sama Dubai released details of ‘The Lagoons’

Sama Dubai, the international real estate investment and development arm of Dubai Holding, announced today the seven vibrant districts at the ‘The Lagoons’ will collectively offer a unique holistic living experience within the 70 million sq ft creekside destination in the heart of Dubai.

Burj Dubai rises 100 storeys high

Burj Dubai, the iconic tower being built by Emaar Properties, has joined the league of only six super-tall buildings in the world that are 100 or more storeys high.

Le Grand Château breaks ground and starts sales today

Le Grand Château, the new experience in family green belt living, launched yesterday in Jumeirah Village, Dubai.

World expertise to support The Palm Monorail

The Palm Jumeirah’s AED 1.4 billion monorail transit system will be technically supported by world-experts the Osaka Monorail Co, Ltd. after an agreement was signed by Nakheel in Japan.

Asteco launches AED800 mn Waterfront Residence in Abu Dhabi

Real estate and property services leader Asteco has won the contract for apartment sales of the Waterfront Residence, Abu Dhabi’s latest residential tower.

Emaar expands its services under new brand

Emaar Properties has brought together its entire property management services portfolio under the Hamptons International brand, which will now serve as a one-stop shop for product sales, letting and advisory services of Emaar and non-Emaar properties in an international arena.

Tejoori closes partnership agreement with Omniyat Properties

Tejoori Limited (TJI.L) the London (AIM) listed, Dubai headquartered investment company announces that it has closed the Musharaka agreement with Omniyat Properties Eleven Limited.

Luxury Rotana Resort to build in Saadiyat Island

Saadiyat Island - Island of Happiness - the signature residential and tourism destination taking shape just 500 metres offshore the United Arab Emirate’s capital city - is to get a luxury Rotana Resort.

Amlak, the home finance company expands overseas

Amlak, the largest publicly listed Islamic finance company and pioneer in home finance in the UAE, today announced its further international expansion schedule, with the upcoming launch of the Egyptian office in Cairo.

EDARA charges AED 1.5 billion for ‘SkyCourts’

EDARA LLC has been commissioned to Project Manage the first National Bonds real estate project ‘SkyCourts’ in Dubai.

Aqaar real-estate begins works for Ajman 1 project

Aqaar LLC, the real-estate and property development company headquartered in the Arabian Gulf emirate of Ajman, will appoint the contract for enabling works - valued at AED 70 million (USD 20 million) - this month on its initial project Ajman 1.

DAMAC wins the ‘Best residential developer’ award

Luxury lifestyle provider and the region’s leading private sector developer, DAMAC Properties, won the ‘Best residential developer’ award at the inaugural IREF ME 2006 awards.

Fortune Group launched Crystal Tower in Business Bay

Fortune Group today unveiled a new commercial tower - its third project in Business Bay - AED 136 million Crystal Tower, which will offer 300,000 square feet of office space in modern ambience complete with dedicated retail and recreational areas.