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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 2006 Page 2
Construction begins on 83-storey Sky Tower
Sorouh Real Estate today began construction work at the site of its flagship project, Shams Abu Dhabi, with a groundbreaking ceremony for its 83-storey, 379-meter high Sky Tower which will be the tallest building in Abu Dhabi.
Sama Dubai is official Premier Partner of WTM 2006
Sama Dubai, the international real estate investment and development arm of Dubai Holding, is the official Premier Partner of World Travel Market 2006 (WTM 2006), the world’s most important annual international travel and tourism event.
Abwab Real Estate launches Al Barari
Al Barari, ‘The Wilderness’ when translated from Arabic, is set to give a new meaning to the phrase ‘luxury living’ in a city where every new property development claims to offer it.
Nakheel and Jumeirah Group embark on a strategic alliance
Nakheel, the UAE’s leading property developer, has embarked on a strategic alliance with Jumeirah Group, the dynamic and fast growing Dubai-based luxury hospitality group, and member of Dubai Holding.
Dubai Marina to have a 33-storey twin tower project
Dubai Municipality has recently issued the license to construct a 33-storey twin tower project in Dubai Marina at a cost of Dhs300 million.
Tiara Residence 65% sold out
Zabeel Investment’s AED 2.1 billion lifestyle development, Tiara Residence, has achieved 65 percent of sales on its luxury one, two and three bedroom apartments.
Jumeirah Lakes Towers offers free zone status
Jumeirah Lakes Towers (JLT), the rapidly emerging 200-hectare real estate development adjacent to Sheikh Zayed Road in the heart of ‘new’ Dubai, will offer free zone status to resident businesses, marking the creation of the first mixed-use free zone development in Dubai.
Al Habtoor Marina Tower launched in Dubai
Al Habtoor Group announced today that they have broken ground on an exciting new tower project in the Emirate’s newest, smartest upmarket hub, Dubai Marina.
Sorouh Real Estate invites bids for Shams Abu Dhabi
Sorouh Real Estate has shortlisted eight companies to bid for earthworks and deep sewer excavation on the site of its prestigious flagship project, Shams Abu Dhabi.
Union Properties launches The Fitout
Union Properties, the award winning property developer, has launched ‘The Fitout’, an innovative new company dedicated to the interior fit-out, design and installation for banks, hotels, office and residential properties.
Al Mazaya unveils The Villa’s second phase
Leading regional premium property developer Al Mazaya Real Estate Development Company unveiled the second phase of its AED600 million residential property project in Dubailand, by signing a strategic financing deal with Tamweel, the premiere home finance provider in the UAE.
COVEC to execute construction of Marina Square Plot 1
Tamouh Investments have announced the appointment of China National Overseas Engineering Corporation (COVEC), to execute the construction of Zone B of its AED 5 billion project Marina Square Plot 1, Al Reem Island development.
Bookings begin for AED 50b Culture Village
Dubai Properties (DP), a member of Dubai Holding, today opened advance bookings for residential, commercial and retail units for its most recent landmark development, the AED 50 billion Culture Village.
Saadiyat Island to have a new five-star waterfront resort
Abu Dhabi-headquartered National Corporation for Tourism & Hotels (NCT&H) has signed an agreement with the UAE capital’s Tourism Development & Investment Company (TDIC) to develop an 809,000 square feet plot of land on Saadiyat Island.
Emaar Properties announces AED 5 billion net profits
Reiterating its strong grip on fundamentals, global real estate major Emaar Properties PJSC has announced record revenue and net profits of AED 5.079 billion (US$ 1.383 billion) and AED 3.053 billion (US$ 0.831 billion) respectively, for the half year ended 30 June 2006.
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