|Real Estate News|
News Archive of March 2009 Page 1
Realty Capital has announced that it has recently completed the fifth podium floor slab of its centrepiece i-Rise business tower project, which remains on schedule for its announced mid-2010 completion date.
Sherwoods Independent Property Consultants has announced that it will be providing more flexible services and packages to complement current industry initiatives in Dubai to adjust pricing and payment strategies to better reflect market expectations and conditions.
The impact of the global slowdown on real estate investment and development markets regionally and internationally comes under the microscope at the Real Estate Finance and Investment conference and summit next month that form part of the Cityscape Abu Dhabi event.
Hamptons International has launched an exclusive ‘Best of British’ campaign - an innovative new initiative designed to bring the very best of British property directly to buyers across the UAE.
Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, the Memon Group of Companies, has kicked off the initial construction works on the Dhs150m ‘Gardenia I & II’ project, located in Jumeirah Village.
Ahad Holdings announced the completion of piling works of its $100m Le Reef project.
Salwan LLC, a property management company and a subsidiary of Dubai Properties Group (DPG), today announced it has successfully delivered optimal leasing and property management solutions to over 18,000 real estate units around Dubai during its first year in operation.
Marina West, Bahrain’s first gated beachfront high-rise residential and lifestyle community, located in tranquil and idyllic surroundings on the Kingdom’s West coast, is present at the Bahrain City Centre - Level One starting from 1st April 09.
Following the rapidly increasing interest of clients in the UAE and neighbouring countries for overseas investment opportunities, Landmark Properties, one of the leading real estate companies in the Middle East, has opened an office in the UK.
Union Properties PJSC (UP), one of the United Arab Emirates leading property developers is set to welcome the first residents moving into its freehold master-planned neighbourhood of UPTOWN MotorCity development in MotorCity.
Lovells has recruited Mohammed Kamal in its Dubai office, to head up a newly formed real estate capability in the Middle East.
Cirrus Developments LLC, is set to launch an opportunity fund to acquire distressed and income-producing real estate and hospitality assets or companies, in the region as well as in the UK and the US.
Victory Heights, a Dhs2.5bn, 25 million square foot development in Dubai Sports City has begun handing over villas and townhouses to the owners. Between now and June, 600 villas will be handed over, said Yasser Abdullah, the project’s general manager.
Global slowdown notwithstanding, the capital of the United Arab Emirates continues to be transformed with masterplan budgets for the city’s top ten civil projects worth $208bn remaining in place.
Al Mazaya Holding, one of the region’s leading real estate developers, has awarded the contract for specialized medical consultancy services at Clover Clinic to DELTAmed Co.