Nakheel signs Dh1bn infrastructure deal with Khansaheb Engineering
One of the largest real estate developers, Nakheel, has entered into a Dh.1billion infrastructure deal with Khansaheb Civil Engineering for development of the first phase of its Al Furjan Residential
Dh 700mn projects of Deyaar meet complete sales on first-day launch
Deyaar has successfully completed the sale of its Dh 700mn projects at Dubai Silicon Oasis (DSO) on the very first day of launch.
Ever-since its launch last week, apartments at Coral, Jade and R
Schon Properties on its way to expand UAE portfolio
Schon Properties is set to increase its UAE portfolio to Dh.8bn towards end of 2008, says Danial Schon, the Company Vice-President.
Schon Properties already owns three developments in the UAE, w
More residential towers likely in Abu Dhabi
The Abu Dhabi Municipality is currently building about 349 residential towers at Madinat Mohammed bin Zayed, Abu Dhabi. The towers are expected to accommodate 30,142 apartments with various sizes. Abo
Nakheel taken aback by Damac back-out
Cancellation of Palm Springs project, comes as a surprise to its friendly rival Nakheel, which is currently constructing the Palm Jebel Ali, where the Palm Springs project was initially planned. Nakhe
Work on Aqaar premier complex in Ajman enters Phase 2
Aqaar, the property development company, headquartered in Ajman, will begin its second phase of work on the premier residential, commercial and hospitality complex, Ajman 1, the Company announced.
Septech to build three Dubai marinas under Dh50mn contract
The Dubai-based comprehensive infrastructure specialist, Septech Emirates, has been awarded the Dh.50million contract, to construct three marinas, as a part of Dubai Marina real estate development, th
Damac Properties strikes deal with 60 agents in India
Damac Properties has entered into a deal with 60 agents in India across all metros and tier-one Cities to market and sell their regional properties to Indian investors.
The Damac Holding, Founde
Many UAE projects stranded due to labor shortage
More than 160 construction projects in UAE are facing delay in completion due to high shortage of labor, reveals the latest industrial figures.
The Managing Director of Al Habtoor Engineering, D
Yas Island to be a major boost to Abu Dhabi economy
The Yas Island Project by Aldar Property in Abu Dhabi, which houses the Ferrari World Abu Dhabi Theme Park and other Warner Brothers attraction and five-star residences and hotels, will surely be a co
Arabtec awarded construction contract worth $142m by Emaar
Arabtec Construction LLC has been awarded a contract, worth US$142m, by Emaar Properties for construction of a new development project in Arabian Ranches, Dubai.
Arabtec Construction LLC plans t
Landmark Group unveils new hotel apartment in Dubai
Landmark Group of Hotels, a subsidiary of Zenath Real Estate, and one of the leading hotel development and management companies in the UAE, has unveiled Landmark Suites, a new deluxe serviced hotel ap
New Authority in Ajman for regulation of realty market
The Government of Ajman has announced the formation of a special department namely Ajman Development and Investment Authority, for regulating the real estate development activities in the emirate.
More new buildings to be added to Abu Dhabi Realty Sector
The property market in Abu Dhabi will witness 200 new buildings during 2008 and 2009, with the Abu Dhabi Commercial Bank (ADCB) deciding to take-over the management of the Commercial Buildings Departm
Emaar launches sale of unique townhouses and villas
Emaar Properties has announced the sale launch of a limited collection of unique townhouses and villas on 8th March 2008. These chosen villas and townhouses are situated in the neighborhoods of the Ar
Development plan for Khalifa City extension awaits Municipality approval
A development plan for extension of Khalifa City was presented to KEO International Consultants, which still awaits approval from Abu Dhabi Municipality, reveals company sources.
The Dh.6bn deve
Aldar to launch its first Ritz-Carlton property in Abu Dhabi
Aldar Properties has entered into an agreement with The Riltz-Carlton Hotel, to launch their first Riltz-Carlton property, the Coconut Island in Abu Dhabi.
The resort was developed last year thr
Sobha Group unveils Sobha Sapphire at Business Bay
The Indian-based real estate development company, the Sobha Group, which has already launched several projects in Dubai, has announced the launch of its third commercial development, Sobha Sapphire, a
Dubai Property market is a bubble waiting to burst - Survey
Most respondents of a survey conducted by ArabianBusiness revealed that the booming real estate market in Dubai is just -a bubble waiting to burst.
The prices in the emirate have gone very h
Abu Dhabi to reduce rent cap further
Depending on market conditions, Abu Dhabi plans to tighten its stand on rent increases further, if necessary, as the Emirate had ordered landlords to follow only a narrow hike margin last month, a rep
Dubiotech Nucleotide Complex to be unveiled in September
The Dubai Biotechnology and Research Park (Du Bio-tech), a member of TECOM Investments, has revealed that its Dh289mn worth laboratory buildings will be launched at the Nucleotide Complex in September
Emaar to introduce indoor theme parks in Mena, South Asia regions
The Emaar Malls Group, the mall subsidiary of Emaar Properties, announced its plans to launch various Sega-branded indoor theme parks in the MENA (Middle East and North Africa) region and South Asia.<
Property and rent rates to escalate by 20% in the Gulf Arab region
The rents and real estate prices in the Gulf Arab region is likely to go up by 20% this year, due to increase in labour and cost of construction and delay in timely delivery, mentioned an executive, J
NIC to invest Dh 5bn in mixed-use development in Abu Dhabi
The National Investment Corporation (NIC) has revealed its plans to invest Dh 5bn in mixed-use development in the breakwater area, adjacent to the Marina Mall in Abu Dhabi, during the next three years
Aannual net profit of Emaar up by three percent in 2007
Emaar Properties has achieved a three percent growth in annual net profits touching Dh6.57bn ($1.79bn) last year.
The figure is up from Dh.6.371bn($1.73bn) recorded in 2006, despite the low
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