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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 May 2006 Page 2

Al Rostamani Pegel LLC appointed contractor for Indigo Icon

Emirates Properties Investments Ltd (B.V.I) has announced the appointment of Al Rostamani Pegel LLC as the main contractor for Indigo Icon, a striking new development at Nakheel’s Jumeirah Lake Towers.

Aldar Properties to invest Dh 66b in projects

Aldar Properties is planning to invest Dh66 billion in developments in Abu Dhabi and abroad, according to John Shaw, the company’s executive director.

Dubai government intend to raise upto $4b to fund projects

The Dubai government plans to raise up to $4 billion within weeks, most likely through a bond issue, to fund a series of projects including power and the metro rail, officials told Gulf News yesterday.

Aldar Properties’ projects boosts Abu Dhabi Property sector

The construction work on Aldar Properties’ three mega real estate projects total costing Dh70 billion is progressing fast which will reshape the real estate landscape of the capital.

Improvised refinance scheme launched by Amlak Finance

Amlak Finance, UAE’s leading Islamic finance company, is launching ‘Amlak Bonus’, a multi-pronged refinance scheme providing property owners with liquidity to plough it back into the sector.

Law to regulate activites of freelance brokers expected soon

The era of freelance real estate agents, who have been doing brisk business in Dubai’s buoyant market scenario, is set to end soon when the Land Department’s new law regulating their operations comes into force.

Mall of Arabia construction in Dubailand underway

Ilyas and Mustafa Galadari Group, developers of the Dh22 billion City of Arabia, will award a multi-billion dirham contract for its retail component, the Mall of Arabia, billed as the world’s largest shopping mall, in a month, officials said.

Union Properties moves to the Green Community

Set in a living and working environment which encompasses landscaped gardens, walkways, stone covered roads and a traffic free environment, Union Properties’ new head office will now offer an even higher standard of service from within one of its most successful developments to date.

Phase Two of Sama Dubai’s ‘The Lagoons’ starts selling

Sama Dubai, the international real estate investment and development arm of Dubai Holding, announced today that the second phase of its 70 million square foot, Dubai Creek waterfront project ‘The Lagoons’, has started selling.

Emaar subsidiary undertakes redevelopment project in Egypt

Emaar Misr for Development, SAE, yesterday signed a Memorandum of Understanding (MoU) with the Alexandrina Bibliotheca (Alexandria Library) for a waterfront redevelopment project.

DIFC doubles stake in Europe’s second-biggest stock exchange

Dubai’s financial free zone announced yesterday it had doubled its stake in Europe’s second-biggest stock exchange, which it said will give Euronext greater flexibility as it considers a flurry of merger proposals.

Construction to commence on Emirates Financial Towers

Emirates Financial Towers (EFT) today announced that they have officially received the land for the construction of their prestigious development, from Turner’s on behalf of the Dubai International Financial Centre (DIFC).

AED 1b Golf Gardens project launched in Abu Dhabi

Sorouh Real Estate and the Tourism Investment and Development Company ( TDIC ), today announced the first golf course development in the Emirate.

Noted Saudi-based investment group makes entry into Dubai

In a bid to tap the booming real estate market in the city, Development Corner, a leading Saudi Arabia-based property investment group, has announced its foray into Dubai with a spate of residential and commercial projects worth a total of AED 650 million.

Tamweel’s International City offer get overwhelming response

Tamweel, UAE’s leading provider of home finance, has announced that its special offer for apartments at International City has been over subscribed online, reflecting the overwhelming demand for affordable housing in Dubai.

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