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Real Estate News
Azizi Investments confirmed purchase of land at Mina Rashid

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

Azizi Investments confirmed purchase of land at Mina Rashid

News Archive of July 2008 Page 1

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Global Investment opens Mushaa Real Estate

Global Investment House (Global) announced the launch of Mushaa Real Estate Company (Mushaa) with a capital of KD30m

Sorouh updates on Construction Works at Al Reem Island

Infrastructure work at Shams Abu Dhabi, Sorouh Real Estate’s iconic development on Al Reem Island, is progressing as planned.

Middle East construction industry can become green pioneers

The Middle East’s leading office solutions supplier says the region is leading the way in adopting environmentally-friendly building solutions.

Amlak Finance sells 235 freehold apartments at SkyCourts

Amlak Finance PJSC, one of the largest real estate financiers in the Middle East, announced that it managed to sell 235 apartments at SkyCourts, a freehold residential project in Dubai.

Credo Investments completes Project Le Solarium

Credo Investments FZE has announced the completion of its Dhs405m maiden development project in the country, Le Solarium, which became the first commercial project to be completed and delivered at Dubai Silicon Oasis (DSO).

Dubai Golf City appoints professionals developing team

Dubai Golf City has appointed two world class industry professionals to deliver what will be one of the largest and most prestigious residential and golfing leisure communities in the world, located in Dubailand between the Dubai Polo Club and the Dubai Bypass Road.

First Gulf Bank issues mandatory convertible bonds

Following the Board of Directors meeting held today, First Gulf Bank (FGB) announced the issuance of mandatory convertible bonds worth Dhs3.6bn to UAE institutional strategic partners

Limitless tallest towers in Jordan has broken ground

Sanaya Amman, Limitless’ $300m residential twin towers in Jordan, has broken ground at a ceremony attended by Jordanian Prime Minister Nader Al Dahabi and Omar Maani, Mayor of Amman

Emaar, The Economic City signs MoU with Mars GCC

Emaar, The Economic City (Emaar.E.C), the Tadawul-listed company developing King Abdullah Economic City (KAEC), has signed a Memorandum of Understanding (MoU) with Mars GCC FZE, the Middle East subsidiary of Mars Inc, to open a full-fledged manufacturing plant of Mars in the Industrial Zone of KAEC.

Amlak Finance (Jordan) PLC officially established

Amlak Finance (Jordan) PLC - previously Inwan Investment PLC - was officially established during the recently held Extraordinary General Meeting (EGM), which was attended by a large number of shareholders and organized at the Sheraton Hotel- Amman.

Chapal awarded Dhs367m contract to Ranya Group

Chapal World has awarded the Dhs367m contract to Ranya Group to begin the construction of its project in Dubai Sports City.

SHIRA selects Jotun Paints for its Jordan Project

SHIRA Real Estate Development & Investments selected Jotun Paints for it’s real estate project Oak Hills that consists of 22 luxurious villas, each at 800 m².

Damac Properties announces currently five projects in Egypt

Damac Properties, the luxury lifestyle provider and Middle East’s largest private sector master developer, announced that it currently has five projects under development in Egypt.

M Holding purchases 15 freehold plots from Dubai Investments

M Holding, the property development arm of the Mundia Group, has acquired 15 freehold plots of land in Mirdif, Dubai for a total investment of Dhs615m.

Fakhruddin reveals development of Lake Central Project

Fakhruddin Properties, one of the UAE’s leading real estate developers, has revealed that development of its landmark Dhs800m Lake Central project is ahead of schedule and on target for completion by late 2009.