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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 September 2006 Page 3

New finance plan for West Bay Tower located in Business Bay

Developers of West Bay Tower, the uniquely-designed 27-storey freehold office tower at Business Bay, have created a finance plan for potential investors which guarantees reservation of units and facilitates payment in easy stages.

Work starts on the industrial area infrastructure in DMC

Dubai Maritime City - the world’s largest and the most comprehensive maritime complex in the world - has announced that the construction of dry berths, slide ship transfer pit and other basic site infrastructure have begun.

18-hole golf course, The Dunes starts construction

Executives from Dubai Sports City today announced that the construction of the 18-hole championship golf course, The Dunes, located within Victory Heights, the residential gated golf community situated in the heart of Dubai Sports City, is on schedule and due for completion in June 2007.

Jasmine Garden in The World Dubai launched

The Profile Group, a British property developer, has launched a Dh400 million project, Jasmine Garden, on the World, a cluster of 300 man-made islands.

New manager for La Hoya Bay Residence

La Hoya Bay Residence, the new experience in waterfront luxury and quality lifestyle launched last week in Ras Al Khaimah has appointed Currie & Brown as the project manager for the USD180 million USD phase one development.

Dubai Industrial City to set-up a AED 1 billion F&B facility

Dubai Industrial City (DI), a member of Tatweer, has signed an agreement with IFFCO, one of the largest food and beverage (F&B) companies in the region, to set-up a AED 1 billion facility in the township.

Grading work contract of Dubai Waterfront awarded

Dubai Waterfront - a subsidiary of Nakheel - announced that it has awarded the contract for grading at the world’s largest waterfront development to Dubai- based Ghantoot Gulf Contracting for over USD 100 million, recently.

Landmark development projects in Egypt by Emaar

Global real estate major Emaar Properties has strengthened its Egyptian portfolio with landmark development projects that will boost the country’s tourism initiatives and invigorate the local economy by creating new townships and generating employment opportunities.

Commercial space vacancy rate in Dubai just 1%

Spiralling costs for commercial space in Dubai are directly linked to a vacancy rate of just one per cent, according to an industry expert.

Fortune Residency in Paradise City Ajman launched

Fortune Residency was officially launched today by Fortune Homes Real Estate, an exclusive tower in the Paradise Lakes district of Emirates City, a residential and commercial town-sized development rising in the Emirate of Ajman.

All DuBiotech buildings to meet LEED® standards

In a move that pioneers sustainable development practices in the UAE’s corporate sector, the Dubai Biotechnology and Research Park (DuBiotech) today announced that all of its buildings will be built to meet global environmental benchmarks.

Istithmar announces creation Dar Istithmar Lel Aqarat

Istithmar today announced the creation of Dar Istithmar Lel Aqarat (DIA) - a strategic joint venture with AIG Global Real Estate - with the aim of establishing a real estate fund focused on the Middle East, North Africa, India, Pakistan, Turkey as well as other emerging markets.

Emaar launches residential quarters at The Old Town

Real estate major Emaar Properties has launched a cluster of four Arabesque residential quarters at The Old Town residential development in the heart of Downtown Burj Dubai.

DAMAC Properties opens Abu Dhabi sales office

Luxury lifestyle provider, DAMAC Properties, announces today the opening of its Abu Dhabi sales office due to the substantially high demand for the property company’s apartments, retail and offices by citizens of the UAE capital.

Reef to be end-user financier for Amwaj Gateway

Reef - Real Estate Finance Company BSC and Amwaj Gateway Company BSC, today signed a memorandum of understanding that established Reef as the end-user financier of choice for Amwaj Gateway.

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