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Real Estate News
Realty Capital cooperates with Al Naboodah to boost i-Rise

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 July 2006 Page 3

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Kuwait-based Real Estate Company enters DFM

Dubai Financial Market (DFM) announced Kuwait-based Grand Real Estate Projects Company as its newest stock listing.

Trident International Holdings launches The Waterfront

Leading real-estate development company, Trident International Holdings (TIH), today displayed its maiden freehold project in Dubai.

Dubai Waterfront reclamation work commences

Dubai Waterfront, the world’s largest waterfront development and a subsidiary of Nakheel, began reclamation work on the first of seven islands to be reclaimed at the project.

Rani International invests in 30-storey towers

Rani International, a real estate company which is part of the Saudi Arabia-based Aujan Group, is investing AED 750 million to develop a pair of landmark 30-storey towers at the entrance to Dubai Business Bay.

South Korean company invests in developments

Dubai Properties (DP), a member of Dubai Holding, announced today that Sungwon Corporation, one of South Korea’s largest integrated construction companies, is investing in multi-million US dollar real estate developments at Business Bay and Culture Village.

Arabtec Construction awarded Tiara Residence contract

Arabtec Construction LLC announced that they closed a deal with Asteco Development Management LLC on behalf of Zabeel Investments to develop the AED 2.1 billion lifestyle development; the Tiara Residence.

Emaar and The Turner jointly invest in new company

Emaar Properties, a global real estate developer, and The Turner Corporation, a leading building services provider, announced their investment in a newly formed entity, Turner International Middle East Ltd (Turner International ME), to jointly tap regional growth opportunities.

Deeyar showcases projects at DREAM ‘06

Deyaar successfully exhibited its unique projects in Lebanon at DREAM 06, the exhibition dedicated to the Middle East’s booming real estate market that was held at the Beirut International Exhibition & Leisure (BIEL) Centre in Downtown Beirut from June 28 to July 1.

Lakeside Residence announces value-added offer

Al Manal Development, developers of the AED330 million Lakeside Residence real estate project, recently announced a value-added offer for one of the most sought-after residential property developments in Jumeirah Lakes.

Leighton Asia awarded contract for COA infrastructure

Leighton Asia (Southern) has been awarded a USD64 million contract in JV with Kier Dubai LLC for the construction of roads and infrastructure for the Ilyas and Mustafa Galadari Group’s City of Arabia development in Dubai.

JBR to be completed by end 2006 - Dubai Properties

Dubai Properties, a member of Dubai Holding, announced today Jumeirah Beach Residence (JBR) is fast nearing completion, with final touches being applied in conformity with high quality standards.

‘The Lagoons’ opens another sales office

‘The Lagoons’, a freehold, mixed-use 70 million square foot Dubai Creek waterfront project being developed by Sama Dubai, the real estate investment and development arm of Dubai Holding, recently augmented its scope of customer service through a new sales office.

The Summit over 70% sold out in record time

ETA Star announced that its AED 700 million project, The Summit, has received an overwhelming response from investors, with over 70 per cent of the project sold out, within a week of its launch.

Emaar Properties forays into China market

Global real estate major Emaar Properties has marked a milestone in its international expansion programme by being the first Middle East property developer to open a full-fledged office in China.

Jumana and Dana Towers construction proceeding swiftly

Dubai Pearl Inc announced today that construction works have begun on its AED 803 million (US$220 million) luxury residence buildings, Jumana and Dana Towers, with Arabtec Construction completing raft pouring activity this week.