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Real Estate News
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 2008 Page 2

The Tiger Woods Dubai offering bids on five premium plots

The Tiger Woods Dubai, a member of Tatweer, announced it is offering potential buyers an opportunity to submit bids on five premium plots in the development.

Global Investment House – Jordan successfully closed IPO

Global Investment House-Jordan (Global-Jordan) announced today that it has successfully closed the initial public offering (IPO) for United Group Holdings (UGH) at JD44.8m.

National Bonds Signs agreement with Deyaar

National Bonds, the national saving scheme of the UAE, announced the signing of an agreement with Deyaar Development PJSC to transfer the development and management rights of National Bonds’ signal real estate projects, Skycourts and Flamingo Creek, to Deyaar

Etisalat announced financial results for second quarter 2008

Etisalat announced its consolidated financial results for the group for the second quarter of 2008. The results showed a significant growth in revenues, profits and subscriber numbers

Nakheel and Dubai Islamic Bank Tashyed begins development

Tashyed, the property development joint venture set up by Nakheel and Dubai Islamic Bank (DIB), has today broken ground on its first landmark development at Jumeirah Heights.

Emaar Pakistan hosting roadshow in Dubai on July 16

Emaar Pakistan, the country subsidiary of Emaar Properties, will host a roadshow in Dubai of Canyon Views, the company’s first master-planned community in Islamabad, on July 16, 2008.

Sorouh announced Dhs4bn securitization Sukuk

Sorouh Real Estate PJSC, one of Abu Dhabi’s leading master-planners and real estate developers, today announced that it will be marketing Dhs4bn Shari’a compliant securitization Sukuk, over the next few weeks.

Nakheel reveals progress with Port Rashid redevelopment

Nakheel, has revealed the latest progress at its most recently launched coastal development in Dubai, which includes the completion of stage one of land sales and a major contract award. Revealed as a project in January this year, the redevelopment of Port Rashid has been named Mina Rashid.

Emaar .E.C partnered with Capri Capital to develop KAEC

Emaar, The Economic City (Emaar.E.C), the Tadawul-listed company developing King Abdullah Economic City (KAEC), has partnered with Capri Capital Partners (Capri) LLC to develop an SR7.5bn ($2bn) mixed-use project in KAEC.

IGY announces Cardona as Regional Marketing Director

Island Global Yachting (IGY), one of the world’s premier owners, developers and managers of marina properties and yachting lifestyle destinations, has announced the appointment of John A. Cardona as Regional Marketing Director for the Middle East and Europe.

Nakheel signs contract with Al Shafar

Nakheel, a Dubai World company and one of the world’s largest and most innovative real estate developers, has signed an agreement with Al Shafar Transport and Contracting Co LLC, a subsidiary of Al Shafar Group, to build 300 villas and terrace homes at its Al Furjan development.

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