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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 July 2005 Page 1
Land deals worth Dh110m concluded
The Dubai Land and Properties Department concluded eight deals worth Dh109.6 million on Saturday.
Trident unveils fourth freehold project
Trident International Holdings has launched its fourth freehold luxury residential project in Dubai, Trident Grand Residence, in the Dubai Marina.
Upbeat outlook for MFs
Leading UAE mutual funds (MFs) are expected to outperform the benchmark indices in the second half of 2005, despite the high market volatility.
Nakheel appoints new GM for new Jumeirah projects
Nakheel, a major property developer in the UAE, has appointed Fahad Yousuf Al Haidan in the new role of General Manager for Jumeirah Islands and Jumeirah Lake Towers.
Madinat Al Arab generates Dh13b in first-phase sales
The first phase of Madinat Al Arab, at the heart of the Dubai Waterfront, has been completely sold out for Dh13 billion within five days, said a statement issued yesterday by property developer Nakheel.
Nakheel unveils plan for Tiffany Towers
Leading developer Nakheel has announced Tiffany Towers, offering prime office space for the corporate world.
Union Properties allows 15% foreign ownership
Real estate firm Union Properties (UP) announced yesterday its extraordinary general meeting decided to allow foreigners to own 15 per cent of the company’s shares.
Land worth Dh672m transacted
The total value of land transactions in Dubai last week peaked at Dh672.79 million, of which sales exceeded dhs147 million.
$250m contract for Dubai Metro
Alcatel yesterday announced that it has been awarded a global contract valued at approximately $250 million by Mitsubishi Heavy Industries to supply, integrate and deploy its proven systems for the Dubai Metro in the United Arab Emirates.
$700m facility for Atlantis in The Palm Jumeirah, Dubai
Istithmar PJSC and Kerzner International Limited recently signed a $700 million financing agreement with a consortium of banks to raise funds for the Atlantis, The Palm project.
Pak-Geran JV unveils Dh80m project, The Champions Tower
Memon Group of Companies, a leading group from Pakistan and IPB Eigenheim, a German company, have forged a partnership to launch a Dh80 million real estate project — The Champions Tower — at Dubai Sports City.
RAK denies news reports about Desert Snow Village project
The Government of Ras Al Khaimah has denied news reports that it plans to set up a multi-billion dollar Desert Snow Village in association with a private firm.
Tameer to invest Dh30b in Umm Al Quwain
Sharjah-based Tameer Holding yesterday announced a Dh30 billion residential city in Umm Al Quwain designed to accommodate half a million people.
Shares drop sharply
Dubai shares tumbled seven per cent in thin trade yesterday and Abu Dhabi stocks dropped nearly six per cent as investors sold heavily to raise money to subscribe to a spate of rights issues, traders said.
Dubai Properties ties up with Egyptian real estate agency
Dubai Properties has tied up with a major real estate agency in Egypt in an effort to leverage the potential of the vast North African market.
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