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Real Estate News
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 Azizi Investments confirmed purchase of land at Mina Rashid

News Archive of May 2008 Page 1

Abyaar confirms listing on Dubai Financial Market

Boutique Middle East property developer, Abyaar Real Estate Development Company (’Abyaar’ or the ‘Company’), confirmed that it intends to pursue a capital increase and secondary listing on the Dubai Financial Market (’DFM’)

EmaarMGF launches Boulder Hills in South India

EmaarMGF Land Ltd, one of India’s leading real estate developer, announced the launch of ‘Boulder Hills Golf & Country Club’, its signature master planned integrated World Class Leisure & Residential Community in Hyderabad.

Azizi Inv. appoints NEB designing Palm Jebel Ali Project

Dubai-based multi-national property developer, Azizi Investments today announced the appointment of National Engineering Bureau (NEB) to design two of the company’s proposed projects on Crest A and Crest E of the Palm Jebel Ali.

Dubai Office rents increase over 30%

Office rents in Dubai have become more expensive than Manhattan in New York City, and could soon exceed those in the white hot Mumbai market, CB Richard Ellis (CBRE) said.

Green Buildings demand strengthen Drees & Sommer in UAE

There was particularly strong improvement in sales and results in 2007 in the United Arab Emirates (UAE), where the Group is represented by Drees & Sommer Gulf LCC, headquartered in Dubai

Price Rise in home industry leads boom in home improvement

In the last two months alone, house prices have gone up 10%-15% across the region, meaning that many people are investing in Do-It-Yourself (D.I.Y.) home improvement.

Finacial centres rise in Gulf complements London city

The continued rise of financial centres in the Gulf complements the role of the City of London as a global financial centre

Virgin Megastore revealed future expansion in middle east

At a press conference held at Virgin Megastore’s Mall of the Emirates store, the entertainment retailer revealed its future plans for the region, as it renewed its right to operate the Virgin Megastores in the region for another thirteen years with Virgin Stores France

JUMEIRAH GOLF ESTATES launched luxury Fire villas

Jumeirah Golf Estates, Dubai’s premier residential golf community, has today launched sales for its luxury Fire villas at Juniper Way. The week of sales runs from Thursday 29 May until Friday 6 June and will be hosted at The Royal Ballroom, The Palace at the One&Only Royal Mirage in Dubai

DWC restructured free zone to enhance project’s operation

Dubai World Central - one of Dubai’s most strategically important infrastructure developments – has restructured its free zone to enhance the project’s operation as the new airport draws close to commencing its cargo operations

Crown prince and Deputy Ruler of Sharjah attend Tatweer

H.H. Sheikh Sultan Bin Mohammed Bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, will attend the third annual ceremony of the Sharjah Tatweer Forum (Tatweer) tomorrow (Wednesday, May 28, 2008) at the Sharjah Classic Cars Museum, to mark the third anniversary of the Forum.

Dubai based Abyaar and Mada’in developers join hands

Boutique property developer, Abyaar and Dubai based Mada’in Properties have announced a joint venture beginning with two new projects.

United Arab Emirates companies participate in CSR summit

United Arab Emirates companies are joining a growing worldwide movement encouraging businesses to adopt core values in the areas of human rights, labour standards, the environment and corruption, according to a United Nations initiative.

Dubai Schools supported to initiate healthy eating habits

The joint-venture partners of LunchBoxes.ae, the online healthy school lunchbox service launched in Dubai late last year, today announced a strategic alliance with a number of multinational corporations.

Al-Futtaim Electronics launches hi-tech audio outlets

In what can be termed as renaissance for the high-end audio industry and the sophisticated audiophile, Al-Futtaim Electronics (AFE), a member of Al-Futtaim Group, announced their intention to open hi-tech audio outlets, branded Audissey

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