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Real Estate News
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 April 2006 Page 2

Luxury hotels portfolio showcased by Kempinski

Kempinski is visiting key cities in the GCC to showcase its portfolio of luxury hotels to leading tourism operators and key decision-makers in the Gulf region.

Wride says that the Dubai real estate market is maturing

A price stabilisation in the UAE real estate market is to be expected over the next 12 months, but this is the sign of a maturing market according to W. Jonathan Wride, managing director of Capital Partners, the Dubai-based American real estate private equity fund.

Work on ‘The Lagoons’ mega-project in Dubai commences

Sama Dubai, the international real estate investment and development arm of Dubai Holding, recently announced the start of construction work on ‘The Lagoons’ project, situated on the Dubai Creek.

Anantara Resort Palm Jumeirah a stylish hotel to open soon

Minor International will make its debut as an exhibitor at Arabian Travel Market with the announcement of the opening of a luxurious resort and a stylish hotel, both located in Dubai.

Dorra Bay to grace Dubai Marina

Cayan today announced the launch of their latest innovation, Dorra Bay, a 22 storey residential tower situated at the end of the crossroad between the beach and the marina.

Marina 101 in Dubai Marina by Sheffield Real Estate

Sheffield Real Estate strengthens investment portfolio In a key initiative that will reinforce its investments in UAE’s property sector it today announced Marina 101 - a landmark AED 1.4 billion project at the exclusive Dubai Marina.

Abu Dhabi Tourism Authority launches Saadiyat Island project

Abu Dhabi Tourism Authority (ADTA) today unveiled a new public joint stock company charged with developing the Arabian Gulf emirate’s real estate assets and its flagship Saadiyat Island project.

Dolphin Towers and Oceanscape launched by Damac Properties

Damac Properties yesterday launched two projects Dolphin Towers and Oceanscape, in Abu Dhabi, marking its entrance into the emirate.

Trinity Engineering gets Indigo Icon contract

Trinity Engineering Services LLC has been appointed as the mechanical, electrical and plumbing (MEP) contractor for Indigo Icon, a prestigious new commercial development designed by internationally celebrated architects, Atkins.

KM Properties launches Park Lane Tower in Business Bay

Dubai-based KM Properties, who recently announced the first sharia-compliant hotel and real estate fund, has come to market with another ‘first’ - the mixed-use, commercial-residential-retail Park Lane Tower located in the city’s Business Bay development.

IFA appoints Fairmont to manage The Palm, Golden Mile

IFA Hotels & Resorts (IFA HR) has announced the appointment of luxury hotel operator Fairmont Hotels & Resorts (Fairmont) to manage The Palm Golden Mile and their two shoreline buildings, Al Nabat and Al Haseer, IFA HR’s residential projects, located on the trunk of The Palm, Jumeirah.

Real Estate Finance Company, Reef, launched

The launch of Reef, a dedicated real estate finance and development brand, represents a new era for homebuyers and property investors.

ETA Star awards contracts for towers in Jumeirah Lake Towers

Property developer ETA Star has awarded contracts worth Dh470 million for two projects in the Jumeirah Lake Towers Gold Crest Executive and Gold Crest Views-2.

Cost of construction in Dubai soaring by up to 40%

Contractors are being hit by massive increases in the cost of copper and aluminium, which is sending the cost of construction soaring by up to 40%.

Damac’s Marina Terrace handover delayed

Residents who paid millions of dirhams for their apartments in DAMAC’s Marina Terrace tower, were given the keys to their properties in January — only to be told they were not allowed to stay overnight.

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