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News Archive of July 2007 Page 1
DEC hikes investment in Culture Village projects
Dheeraj & East Coast L.L.C. (DEC) - the joint venture between India’s Wadhawan group and the UAE’s East Coast group - is increasing its investment in the prestigious Culture Village of Dubai to AED 700 million with another residential development in the pipeline.
23 marina sold out 90 per cent
Hircon International announced that 90 per cent of the residential apartments for 23 Marina have been sold, with a 50 per cent price appreciation since this luxury tower’s launch in March 2005.
Eye On Realty officially starts for business
Eye On Realty Brokers, located at Emaar’s Gold & Diamond Park, officially opened up for business on July 1.
KM Properties launches facilities management service
KM Properties, the real estate arm of KM Holding, has launched a unique value-add to all residential and commercial owners of its properties, with a five-star facilities management service.
UAQ Marina breaks ground for first phase of residences
Umm Al Quwain Marina LLC, the joint venture between the government of Umm Al Quwain and Emaar Middle East, has broken ground for the first phase of residences with the AED 12 billion (USD3.3 billion) Umm Al Quwain Marina development located by the scenic Khor Al Beidah natural lagoon.
Burj Dubai reaches 512.1 metres (1,680 ft)
Today the world has a new global landmark - Burj Dubai. At 512.1 metres (1,680 ft), Burj Dubai, developed by Emaar Properties, is the tallest building in the world.
Sorouh’s rental compounds solve housing solutions
Abu Dhabi’s leading real estate developer, Sorouh Real Estate has helped alleviate the rental housing shortage in the capital city through its three rental compounds- Al Oyoun Village, Sas Al Nakhl & Al Khalidiya Village.
Omniyat announces its Summer Surprises, reach AED 16 million
Omniyat Properties, a member of Omniyat Holdings, today launched a new Dubai Summer Surprises buyer incentive raffle for those who invest in any of its publicly launched projects during summer, which potentially could reach AED 16 million.
Victory Heights awards a contract to Al Jaber Group
Victory Heights Golf Residential and Development LLC, United Arab Emirates, the joint venture between Arcapita, a Bahrain based investment bank, and Dubai Sports City, has awarded a contract to Al Jaber Group to construct Phase 1.
ALDAR awards construction package for Al Gurm villas
ALDAR Properties PJSC, Abu Dhabi’s leading developer, has announced that it has awarded the construction package for Al Gurm Resort residential villas to the international construction company, Six Construct.
Dheeraj & East Coast LLC announces ‘The Bay Residences’
Dheeraj & East Coast LLC (DEC) - the joint venture between India’s Dheeraj Group and the UAE’s East Coast Group - today announced the launch of ‘The Bay Residences,’ its first residential offering within the prestigious Business Bay precinct.
DREI signs an agreement with UK’s University of Reading
Dubai Real Estate Institute (DREI), the region’s first academic institute for real estate studies, today signed an agreement with the UK’s University of Reading Department of Real Estate and Planning.
Al Mazaya Holding announces Al Mazaya Real Estate Index
Al Mazaya Holding, a leading property firm in the region, has announced the activation of the Al Mazaya real estate index, the region’s first index that monitors property movement in the GCC, across a variety of realty sectors.
Emaar records half-yearly net profits of AED 3.279 billion
Emaar Properties PJSC has recorded half-yearly net profits of AED 3.279 billion (USD 0.893 billion), up 7 per cent over half-year 2006 profits of AED 3.053 billion (USD 0.831 billion).
DAMAC unveils ‘Water’s Edge’ at Business Bay
DAMAC Properties, has launched yet another masterpiece - ‘Water’s Edge’, a 20 storey commercial waterfront development at the heart of Business Bay.
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