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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 August 2005 Page 2
Nakheel gives Dh365m project to Dodsal
Dodsal, a Dubai-based engineering, procurement and construction (EPC) multinational has been awarded a Dh365 million ($100 million) contract by Nakheel to carry out the procurement and construction of residential buildings for Gardens of Discovery Mesoamerican Gardens package.
Asteco to lease and manage Sharjah’s Ali Moosa Tower 1
Real estate and property management specialist, Asteco, has got the contract to lease and manage Sharjah’s new skyscraper, Ali Moosa Tower 1.
Palm Deira connected to mainland Dubai
Nakheel, one of Dubai’s premier real estate developer, announced that reclaimed land on The Palm, Deira has been connected to mainland Dubai.
Emaar Properties rights share issue closes
The 10-day subscription period for Emaar Properties PJSC’s 1:1 rights issue, to increase its shares from 2,835,500,000 to 5,671,000,000, closed at the end of business yesterday.
Land transactions in Dubai net Dh47.1m
The Dubai Lands and Properties Department concluded six deals worth Dh47.1 million yesterday.
Property law spurs stocks
Shares of some leading property developers in the UAE rallied strongly in response to the landmark law announced by Abu Dhabi on Friday to regulate the right to own and transfer real estate by citizens and expatriates.
Home sales to hit Dh40b in 5 years
With freehold ownership offering expatriates in the UAE an opportunity to own a slice of the country’s prosperity, home sales is estimated to reach Dh40 billion in the next five years, according to Abdul Aziz Al Ghurair, Chief Executive Officer, Mashreqbank.
Park Hyatt in Dubai marks debut in Mideast
Hyatt International Corp has opened the Middle East’s first Park Hyatt hotel in Dubai recently, a statement from the group said.
Bonyan Group to launch tallest hotel in the world
The property market in the region is estimated to be worth around $150 billion and Dubai is very buoyant with many ambitious projects in development and providing ample opportunities for investors.
Visas for all reasons and seasons
The new rules will facilitate entry to the UAE in the most convenient form
Emaar to sell The Links tower units from today
Emaar Properties, a Dubai-based real estate developer, yesterday announced the sale of residential units in The Links West Tower, a 34-storey apartment tower in The Views development at Emirates Golf Club.
Aldar Properties to select buyers randomly
Aldar Properties, a real estate developer in the UAE, yesterday announced an audited random selection process for phase two of Al Raha Gardens property development due to unprecedented demand from nationals.
Burj Dubai’s construction work progressing well
Construction is progressing well at the site of Burj Dubai, the world’s tallest man-made structure.
Visit visa in UAE likely to cost Dh600 from next month
The Cabinet has approved the amended fee structures for visit visas, an official said yesterday.
Land transactions in Dubai net Dh43.5m
Land sales worth Dh43.5 million took place in Dubai during the last two days, according to a report issued by the Dubai Lands and Properties Department.
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