|Real Estate News|
News Archive of February 2009 Page 1
Sorouh Real Estate PJSC, one of Abu Dhabi’s leading real estate master-planners and developers, is to introduce additional new financing schemes for properties on each of its developments, following the formation of a new Customer Finance Unit.
AMG Worldwide, the premiere media and marketing agency for real estate developers, hoteliers and luxury brands around the world, has partnered with Spot On, an event-marketing agency based in Dubai.
Phase One of the ambitious Madinat Al Majd project in Jordan has been completed, and the first of the 480 residential units making up this phase of the project are being delivered to private owners, UAE-based Tameer, the developer behind the project, has confirmed.
Arms Real Estate, the sole agent within Dubai, Sharjah and Oman for selling ‘Al Yasmine Residence’, announced that the project has been an unprecedented success as work is progressing on schedule despite the current financial and investment climate.
Dubai Investment Properties (DIP), one of the leading real estate developers in the UAE, today announced that despite the current market conditions it has seen no slowdown in the leasing process for its ‘Sunset’ mixed-use development project.
Ryan Mahoney, Managing Director of Dubai’s largest estate agency Better Homes, told AME Info that, in his view, the city’s property market was close to hitting the bottom of the downturn that has brought the sector to a virtual standstill.
Meed, the Middle East’s premier business intelligence provider, today revealed its latest AWCS/Meed Gulf Construction Outlook Survey has indicated the UAE real estate sector will offer reduced construction opportunities in 2009.
Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, the Memon Group of Companies, has announced the rapid progress in the construction of ‘Champions Tower I’, after having already completed six of the building’s 15 floors.
GBS started the official ground breaking of 5th Avenue on Saturday, in the city of Ajman.
Global Investment House (Global) announced today that the Global Asia Real Estate Fund, an Asia focused real estate investment fund managed by Global acquired a 17% stake in RC Real Estate Development and Finance Corporation (Refico) in Vietnam which will be disbursed in tranches.
The Dubai Land Department’s ‘Initial Registration System’ has made a strong impact among real estate investors during the ‘International Property Show - Dubai 2009′, which concluded its successful three-day run yesterday (February 17, 2009).
Further demonstrating its continued commitment to its customers, Deyaar Development PJSC, one of the region’s fastest growing real estate companies, announced that it will hand over seven projects in 2009, including premier developments in Dubai’s master planned communities.
Baniyas Investment and Development Company (BID), the investment arm of Bani Yas Sports Club, received an enthusiastic response at the Abu Dhabi Real Estate and Investment Show 2009 (IREIS).
Al Qudra Real Estate (AQRE), a leading real estate company, announced that its innovative concept project, Al Naseem, has been selected as a pilot project by Estidama.
Taking its holistic and innovative approach to property solutions one step further, Sakana Holistic Housing Solutions announced, as a part of its property consultancy venture, the launch of ‘Danat Al Busaiteen’.