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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 August 2005 Page 3

UAE may tighten lending rules: IMF

The United Arab Emirates may tighten rules on bank lending to fight growing inflation, the International Monetary Fund (IMF) said in a report.

Drake and Scull wins Dh40m Indigo Tower contract

Mechanical and electrical engineering contractor Drake and Scull International has won a Dh40 million contract at Indigo Tower, which is part of the Jumeirah Lake Towers Development.

First phase of Dubai Global Village ready by October 15

The first phase of Dubai’s Global Village will be ready by October 15, in time for the new festival season, said officials.

Arbitration body needed

International construction industry experts are to focus on the critical need for arbitration and alternative dispute resolution.

Jafza marks significant growth during this year

Jebel Ali Free Zone (JAFZ), established in 1985 as the world’s largest man-made port, marked significant growth this year as more than 4,500 companies are operating in the zone as compared to 3,800 companies in 2004, Khaleej Times learnt.

Banking, property shares lead in bourse turnaround

The UAE bourses witnessed a turnaround in price movements yesterday on the banking and service sector counters. Leading property shares, Emaar and Union properties gained 3.8 per cent and 4 per cent respectively, while the Abu Dhabi-listed bank shares reported across the board gains.

Emaar floats Rights Issue today

Emaar Properties’ 1:1 rights issue (RI) is open for subscription from today.

Corporate investments fuels a secondary boom in real estate

Corporate investments in the housing and office space segment of the real estate market could further boost Dubai’s real estate sector, while creating a strong asset base for these companies.

UAE stocks drop as IPOs weigh on liquidity

UAE shares fell more than 1 per cent in moderate trade yesterday as rights issues and IPOs weighed on liquidity, but buying by funds from other Gulf countries is likely to lift the market next week, analysts said.

Emaar sets date to book Water View units

Emaar Properties has announced e-registration dates for The Links Water View Apartment community.

Dubai land deals cross Dh2.61b

The value of land transactions in Dubai in July crossed Dh2.61 billion, including the value of sales, mortgages and grants.

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