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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 2006 Page 3
New Real Estate company RAKEEN development in RAK
The Emirate of Ras Al Khaimah has announced the establishment of a new private joint stock company, RAKEEN Development, to further expand its forays in the emirate’s fast growing real estate and property development sectors.
Libya project of USD20b announced by Tameer Holding
After a series of pilot projects in the United Arab Emirates and beyond, and under the framework of their plans to expand into North Africa, Tameer have announced plans for a new project in Libya that comes at the cost 26 billion Libyan dinars ($20 billion).
Increase in number of distress sales of Dubai property
Distress sale of residential property in Dubai’s booming real estate sector is increasing as some owners face a cash crunch and some projects are delayed, an industry official said.
Lokhandwala Builders International and NBAD sign agreement
National Bank of Abu Dhabi (NBAD) has signed an agreement with Lokhandwala Builders International LLC, a Mumbai-based real estate company, enabling potential property buyers access to NBAD’s unique Escan home financing package.
Sales in Business Bay reach Dh20 billion
Dubai Properties, a member of Dubai Holding, has announced sales of approximately Dh20 billion from the first phase of its milestone project, Business Bay.
ETA Star achieves ISO 9001:2000 certification
In a landmark development in the regional property market scenario, UAE-based ETA Star has become the first property developer to achieve the prestigious ISO 9001:2000 certification.
Sports facility for tenants in Dubai Investments Park
Dubai Investments Park (DIP) has announced that it is constructing a fully-equipped cricket and football pitch within the Park in cooperation with Seven Seas Shipchandlers LLC, for tenants of the Park and for labourers staying in the labour accommodation in DIP.
Foundations for The Palm Jumeirah’s monorail to be completed
The foundations for the path of the Palm Jumeirah’s Dh900-million monorail transit system will be completed this month, according to Palm developers Nakheel.
Best ever equine tourist attraction to built in Dubailand
Dubailand has announced the signing of an agreement with Al Kaheel Park LLC to design, develop and construct what will become the most comprehensive equine tourist attraction ever built.
Marina 101 tower in Dubai Marina to get a full fledged hotel
Sheffield Real Estate today said that they have got clearances from the Government of Dubai, Department of Tourism and Commerce Marketing to operate a full fledged hotel at Marina 101 - the Group’s flagship project.
Palm Jumeirah reaches milestone with Gateway Bridge
A major milestone has been reached in the progress of The Palm Jumeirah this week with the opening of the Gateway Bridge for construction traffic.
Sorouh Real Estate invites bids for Golf Gardens
Sorouh Real Estate has shortlisted seven companies to bid for the earthworks package of the Golf Gardens project, which has been hailed as Abu Dhabi’s first golf course residential development.
Emaar and Wheelock collaborate for UK bases subsidiary
Global real estate major, Emaar Properties (’Emaar’) has signed a Share Purchase Agreement with Singapore mainboard-listed Wheelock Properties (Singapore) Ltd (’Wheelock Properties’).
Operations on Al Fattan Tower in JBR commence
Emirates Central Cooling Systems Corporation (Empower) today announced a new phase in its operations on Al Fattan Tower, the first Jumeirah Beach Residence (JBR) tower to be connected to an Empower district cooling plant.
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