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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 |
News Archive of June 2005 Page 2
Ras Al Khaimah house rents rise up to 50pc
Expatriates with limited income here are feeling the pinch as house rents have witnessed a steep rise throughout the previous months. The increase has been estimated to be from 10 to 50 per cent depending on the building’s location, condition and facilities.
Burj Dubai development cost expected to increase to Dh20b
Construction cost of the overall Burj Dubai development could shoot up to Dh20 billion, of which about Dh10 billion worth of contracts have been awarded so far, according to a senior official.
Emaar lifts Dubai stocks to new high
Dubai shares rose nearly two per cent to a record high yesterday as market heavyweight Emaar Properties hit another life peak in brisk trade ahead of its planned rights issue.
Emirates Palace Hotel to open in stages
Emirates Palace, Abu Dhabi’s landmark palace-hotel, refuted media reports it is shutting nearly half its rooms due to technical reasons, stating the palace has yet to be fully opened.
Dubai and Abu Dhabi bourses make gains
Dubai and Abu Dhabi shares rose half a per cent each in good volumes yesterday with gainers ahead of losers three to one in Dubai and Abu Dhabi being helped by a rise in the industries index.
Lands and Properties Department mops up Dh734m from 52 deals
Dubai Lands and Properties Department concluded 52 deals worth Dh734 million this week.
Compensations for SEDC shareholders
Sultan orders compensations for shareholders of the liquidated Sharjah Economic Development Corporation (SEDC
Abu Dhabi Financial to issue investor numbers
Abu Dhabi Financial Services Company (ADFS) is likely to soon start issuing investor numbers on behalf of Abu Dhabi Securities Market (ADSM)
Jumeirah to own and manage 40 hotels
Jumeirah International, announced yesterday an ambitious plan to own or manage 40 luxurious hotels at home and abroad within five years.
Dubai economy forges ahead
Dubai’s key airline, hotel and construction industries had a robust first quarter, suggesting economic growth would be strong for a second straight year in 2005.
Sharjah to invest Dh400m in tourism
Sharjah is planning to invest about Dhs 400 million investments in the tourism sector in the coming year.
Sharp drop in rents in Al Ain
Al Ain is experiencing a rent decrease for apartments in both old and new buildings.
Emaar boosts Dubai stock market
Dubai shares ended marginally higher yesterday after record gains recently, but top property developer Emaar climbed to another life high after announcing a one-for-one rights issue last week.
Construction of Armada Towers awarded to CSHK Dubai
Armada Group, a UAE-based investment organisation, and CSHK Dubai Contracting, the local affiliate of China State Construction Engineering Corp (Hong Kong) Ltd, have signed a Dh315 million agreement for the construction of Armada Towers at the Jumeirah Lake Towers in the new Downtown Dubai.
Aber Group looks to expand beyond UAE
The Aber Group has plans to reach out to overseas markets though 75 per cent of the activities will be within the UAE, said Wassim Kabbani, executive director.
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