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News Archive of August 2006 Page 1
Shams Abu Dhabi dredging work has started
Sorouh Real Estate yesterday announced that it has begun dredging and reclamation operations in the waters of Abu Dhabi for its Shams Abu Dhabi project on Al Reem island.
Delivery delay of properties must be compensated
Penalising developers with hefty compensation for delays in delivering properties will lift investor confidence in Dubai’s softening real estate market, officials said.
Diamond Investments’ Marina Diamond II on schedule
Marina Diamond II, the eagerly anticipated development from Diamond Investments, the new class of property developer, is set for completion on time.
Steep hike in building materials in Dubai again
The construction industry has been hit by yet another steep hike in prices of core building materials, including red meranti, MDF, whitewood and film-faced plywood.
Sorouh Real Estate to announce first-half results soon
Sorouh Real Estate yesterday announced it appointed a new auditor and would announce first-half results soon. Earlier this month, the UAE’s market regulator imposed a Dh100,000 fine on Sorouh for failure to disclose first-half results on time.
New employee residential project in Ras Al Khor, Dubai
Dubai World Trade Centre (DWTC) has laid the foundation stone for a new Dh82 million employee residential project in Ras Al Khor, Dubai, at an official ceremony marking the beginning of construction.
Solid gains for DFM for the fifth consecutive session
The Dubai Financial Market (DFM) continued its solid gains for the fifth consecutive session with the value of trades picking up remarkably yesterday to a three-month high of Dh1.56 billion.
Abu Dhabi sees increase in rent despite construction
Rents have increased by a massive 50 per cent in Abu Dhabi this year, according to a recent study by Economy Today, the monthly publication of the Abu Dhabi Chamber of Commerce and Industry.
Al Manal Development to invest Dh5 billion in real estate
Al Manal Development is planning to invest Dh5 billion in real estate developments in Dubai over the next three years, according to a top company official.
Emaar launches The Aurora in Dubai Marina
Emaar Properties launches of its fifth Marina Promenade tower, The Aurora, at Dubai Marina, one of the world’s finest master-planned waterfronts and the most preferred living destination for home-owners and investors in the region.
Can Dubai handle traffic of mega-projects nearing completion
As several of Dubai’s mega-projects near completion, the question on every motorist’s mind is whether the city’s over-burdened roads can cope with a huge influx of residents.
Buyers beware of Property Tour Scam in Dubai!
The latest practice to emerge in Dubai’s overheated, but hopefully stabilising, property market is that of estate agents charging clients for viewing properties.
Al Qudra Real Estate inaugurates Danet Abu Dhabi
Al Qudra Real Estate, a subsidiary of Al Qudra Holding announced today the inauguration of construction of the underground infrastructure of Danet Abu Dhabi.
ETA Star awards contracts for The Centrium and Al Manara
ETA Star has awarded contracts worth AED 30 million for enabling foundation works for two of its premier projects - The Centrium in the International Media Production Zone (IMPZ) and Al Manara located at Business Bay
Airport Business Park project in Ras Al Khaimah
Ta’sees, a premier development and investment company in the UAE, has announced the signing of an agreement with Al Aqariya Media Group, a leading media conglomerate based in Dubai Media City, to promote its Airport Business Park project in Ras Al Khaimah.
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