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Estates DubaiEstates DubaiEducating and Sharing Ideas with Buyers and Sellers in the Dynamic Dubai Properties and Real Estate Market. Articles
Aldar plans first-of-its kind investment funds in UAE
2008-04-12 05:54:00 The largest property developer in Abu Dhabi plans to launch four realty investment funds that offer exposure to the booming property market of the emirate. The Chief Executive Officer of Aldar, Ronald Barrott, said that the funds, one each for retail, office, residential and hotel property, will be launched next year, with a view to expand the funds so as to eventually make it More About: Investment , Plans , Funds
Dubai realty remains unabated despite fluctuations in other sectors
2008-04-10 08:46:00 The growth of real estate sector in Dubai remains protected from all other fluctuations currently happening in oil prices, whether short or medium term, and in fact, the higher oil prices will only stimulate the fast-paced growth. The value of few of the realty projects in GCC, Iraq and Iran have crossed $750bn, and about 33% of this belongs to the UAE, particularly, Dubai. The figure is higher More About: Realty , Sectors
UAE mortgage market to witness a major leap
2008-04-10 07:10:00 The mortgage market in UAE will witness a major leap from Dh.20bn to Dh.64bn towards end of this year, over a span of next three years, with more than 60 percent of home finance getting Sharia-compliant, revealed the officials. Sabahuddin Azmi, Specialist in Islamic banking and finance, revealed that UAE housing market had an outstanding credit of Dh.17billion towards end of 2006, and is now More About: Market , Mortgage , Witness , Major , Leap
Ground-breaking ceremony held for Flamingo Creek
2008-04-09 08:40:00 The ground-breaking ceremony for a residential community, 'Flamingo Creek ', located at 'The Lagoons' master development in Dubai Creek, took place yesterday. The project is being developed by National Properties, a wholly-owned real estate subsidiary of National Bonds Corporation. The freehold project comprises 244 low-rise villa-style apartments and townhouses, which also marks the entry of More About: Ground , Ceremony , Breaking
Cirrus announces launch of Aquarius Gate
2008-04-08 10:33:00 Cirrus has announced plans to launch Aquarius Gate , a Dh.3billion mixed-use project at Nakheel's Waterfront Development. The development will be the first one at the waterfront to house commercial and residential units, apart from also being the first to have an approval for operational trust account from Nakheel, and also the first to gain approval to sell properties from the Dubai Land More About: Launch , Cirrus
Iris launches its fourth project IRIS Asmar
2008-04-06 09:40:00 IRIS, the Dubai-based Indian property developer plans to boost its portfolio to Dh.5bn this year, through the launch of its latest project, 'IRIS Asmar', worth Dh.100million. IRIS Asmar is a seven storey residential building in Cultural Village, which comprises eight triple-bedrooms and seven four bedroom apartments. This is the fourth project of the company in Dubai, which raises the current More About: Project , Iris
Emaar's Burj Park sales to commence on 5th April'08
2008-04-05 06:25:00 The Dubai-based property developer, Emaar Properties, has unveiled its premium Waterfront residential zone, the Burj Park , which is also the first of its kind in Downtown Burj Dubai. Strategically located within a walking distance of 'Burj Dubai' and 'Dubai Mall', the Burj Park offers direct access to Park Island and Burj Lake Promenade, a 25-hectare park, located on an island that is More About: Sales
ACI, Al Odaid deal signed to launch new development at Al Reem
2008-04-04 11:51:00 ACI Real Estate, an affiliate of Alternative Capital Invest in Germany, has entered into a strategic partnership with Al Odaid Real Estate in Abu Dhabi, to launch a new development at Capital Bay on Abu Dhabi's Al Reem Island. The development comprises five residential towers, all built on a single podium. Each tower will comprise about 17 to 22 storeys on a total built up area of 1.2 million More About: Development , Signed , Deal , Launch
Dubai's office occupancy rates strikes an all-time high at 98%
2008-04-03 06:28:00 Dubai has been the most-preferred choice for expanding international companies and major businesses, and this huge influx has led to a high demand for commercial real estate. The rate of office occupancies in Dubai has touched an all-time high of 98% to 99% with zero vacancy levels, reports 'Gowealty.com'. About more than 90% of Dubai's buildings have been kept aside for commercial utility More About: Office , Time , High , Rates
Mada'in Properties launches Dh.1.25bn Marina Arcade
2008-04-03 06:01:00 Mada'in Properties yesterday announced the launch of their Dh.1.25bn flagship project, Marina Arcade , at Dubai Marina, as an initiative to build a Dh.3bn portfolio in 2008. The Marnia Arcade is a 60-storey tower, connected to a glass-roofed shopping arcade. Spreading across 950,125.68 square feet in area, it includes seven townhouses with Jacuzzis, and gardens on the Marina Arcade rooftop. It
DWC Residential City Phase 2 sales on March 25th, 26th
2008-03-25 10:29:00 The Phase II plots of Dubai World Central's 715-hectare Residential City will be launched on sale on 25th and 26th March at Hotel Grand Hyatt, Dubai. The plots are expected to be sold out, generating a sale of Dh.6bn, according to Khalid Bin Harib, the CEO, Dubai World Central. The estimates are based on the sales registration that took place at the International Property Show last month for More About: Sales
Dubai Municipality's Mirdif Garden complete
2008-03-24 22:37:00 The Dubai Municipality has completed the Mirdif Garden residential project, worth Dh.10million. The project will be launched towards end of March. The project, which is likely to be launched by end of March in the Mirdif area, will be complete with garden and parks done by the Dubai Municipality. The area which spreads over 1.5 hectares for the garden will include the main plaza, sitting areas More About: Complete
UAE Realty market still high in demand
2008-03-24 10:11:00 The huge numbers of participators, investors and buyers who thronged the R&R Local Property Show held in Dubai recently, indicates the strong demand for real estate in the UAE. The Market ing Director of DSL Exhibitions, Tessa Morris says "The R&R Local Property Show is a true reflection and display of UAE properties. Being one of the oldest exhibitions in the UAE, it is also a fair gauge of More About: High , Realty , Demand
ACI, Ferreti Group sign deal for Marine Legends project
2008-03-23 22:19:00 ACI Real Estate, an affiliate of Alternative Capital Invest of Germany, together with Ferreti Group , has ventured into a Dh.6bn worth luxury waterfront resident project, 'Marine Legends', at Dubai Waterfront. The Ferretti Group has gained reputation for its luxury motor yachts such as Pershing, Itama, Ferretti Yachts, Riva, Apreamare, Bertram, Custom Line, Mochi Craft and CRN. Robin Lohmann, More About: Project , Deal , Sign
Middle East property market faces risk of being overstretched
2008-03-22 06:42:00 The regions property market is facing the risk of being overstretched, said an industry official during a recent conference held at Dubai. The real estate transactions in Dubai were worth $18billion in 2006, and as per current estimates a staggering $158billion is invested in the property sector of Dubai. A survey, conducted by 'The Financial Times' reported that Dubai is 'at the cutting edge' More About: Middle East , Market , Property , Faces , East
Ajman top foreign investments in UAE
2008-03-20 07:44:00 Ajman has overshadowed UAE emirates when it comes to drawing foreign investments to UAE, reveal statistics. According to the latest statistics by the Ajman Chamber of Commerce and Industry, foreigners in Ajman own 33 percent of development projects in the booming city, as against 11 percent in other emirates. Ajman's annual investment growth rate has been estimated at 6.7 percent on an average More About: Foreign , Investments
Memon awards Dh.40.35m Cambridge contract to Cairo Group
2008-03-19 18:52:00 A leading Dubai-based property developer, Memon Investments, a part of Memon Group of Companies, has been awarded with a contract worth Dh.40.35mn for construction of its Dh.80m Cambridge Business Center. This high-profile project at Dubai Silicon Oasis (DSO) is the first commercial development of Memon, and was won by Cairo Contract ing Company (CCC). During the moment of signing the contract, More About: Awards
IRIS set to create a milestone with Dh.5bn investment plan
2008-03-18 16:57:00 IRIS, one among the prominent property developers in the region, has announced the launch of their commercial and residential units that spread across 1,000,000 Sq. Ft. of space, along with a diverse portfolio of projects chalked out for the current year. For IRIS, the year 2008, will prove to be another milestone, as it will add another 270 apartments to its residential portfolio, and 300 More About: Investment , Iris , Plan , Milestone , Create
Sweet Homes to commence construction work on Rainbow Towers project
2008-03-17 19:31:00 A leading UAE-based developer and total solutions provider in the realty sector, Sweet Homes , has revealed the commencement of preliminary phase of construction works for its Rainbow Towers project, worth AED 1.7billion, at the Emirates City, which also marks the maiden offer by the developer as a full-service real estate company. This follows the recent shoring and excavation contract, which More About: Work , Project , Construction
Details revealed for Aldar's Al Dana in Raha Beach development
2008-03-16 09:46:00 The plan details of the $5billion commercial development, Al Dana, located at the center of the Raha Beach development in Abu Dhabi has been revealed by Aldar Properties. Several buildings are already under construction, including the four integrated buildings that make up the World Trade Center and the Gateway building, designed by the renowned architect, Rafael Vinoly himself, who designed the More About: Development , Details
Earth Developers launches Atrium Gold Towers in Dubai Silicon Oasis
2008-03-16 09:31:00 The Dubai -based realty developer, Earth Developers , a part of the Al Abbas Group, has announced the launch of 'Atrium Gold Towers' at Dubai Silicon Oasis . Atrium Gold Towers are exclusive mixed-use towers comprising three unique towers of 14 storeys - the Atrium Gold Business Tower, Atrium Gold Residency Tower and the Atrium Gold Executive. The tastefully designed homes of the towers offer the
Nakheel's Waterfront City masterplan unveiled
2008-03-14 20:05:00 Nakheel has unveiled the masterplan for Waterfront City , which forms the highlight of the world's largest urban development project, the Dubai Waterfront. Comprising a central island, surrounded by four other districts - the Resort, Madinat Al Soor, the Boulevard and the Marina, the Waterfront City will house a residential population of 92,000 and working population of 310,000 people. Spreading
APG appointed as Architects for Damac's Suburbia project
2008-03-14 10:00:00 The Architectural Planning Group (APG) has been appointed as the architectural and mechanical consultants for Damac's Suburbia project, located in the heart of Downtown Jebel Ali. Surburbia is a prestigious development with two towers and amazing townhouses, based on Moroccan architecture. The luxurious single, double and triple bedroom apartments comprise elegantly designed interiors with More About: Project , Architects
Schon Properties announces aggressive expansion plans
2008-03-13 16:49:00 Schon Properties has announced its aggressive expansion plan aimed towards creating Dh.10bn portfolio of properties over the next two years time. Several new residential, commercial and hospitality projects are expected to be launched at Downtown Jebel Ali during the coming weeks. Schon Properties has received good response for all its projects that have been launched till date, which includes More About: Plans , Expansion
Old villages in Satwa to make way for Jumeirah Garden City
2008-03-13 16:42:00 Villages in Satwa, located right behind the skyscrapers on Sheikh Zayed Road, are being demolished by bulldozers, which send warning signals to other thousands of residents that it is high time they find a new place to live. The vast area between the Satwa Road and Sheikh Zayed road will be cleared of all old houses and will make way for a huge new garden city, reports Gulf News. The new city, More About: Garden , City , Make
Real Estate Sector biggest contributor to UAE's GDP last year
2008-03-11 13:20:00 The UAE economy has achieved significant growth record of 7.4 percent in 2007 over the previous year, with the gross domestic product (GDP) touching Dh.698bn, announced the UAE Ministry of Economy. As per the Ministry's report, the biggest contributor to the UAE's GDP is the fast emerging real estate sector. During 2007 the real estate contributed 8 percent to the country's GDP, with an More About: Estate , Real Estate , Real , Year
Nakheel's final Shoreline Apartments at Jumeirah released
2008-03-11 05:29:00 Nakheel has announced the release of the final Shoreline Apartments , which could be the final opportunity to invest at The Palm Jumeirah. The apartments, which are located at the trunk of The Palm Jumeirah, are easily accessible to private beachfront clubhouses and are inclusive of amenities such as retail outlets, world-class fitness centers, swimming pools, direct access to white sandy More About: Released , Final
Hydra Properties launches Hydra Heights Tower at Al Reem Island
2008-03-10 10:47:00 A leading UAE realty developer, Hydra Properties has revealed the launch of Hydra Heights Tower s at Al Reem Island in Abu Dhabi. The Hydra Heights Towers will be a group of three residential towers, each being 30-storey in height, so designed that it will adhere to the eco-friendly concepts while also utilizing the finest in state-of-the-art technology. The 'Hydra Heights Towers' are a unique
DEC launches Garden Heights and HQ at Jumeirah Village
2008-03-10 10:01:00 Dheeraj and East Coast (DEC) has launched two new projects, Garden Heights and HQ, worth more than Dh.700mn at Jumeirah Village . With this, the total DEC investment in Jumeirah Village crosses Dh.1bn. The latest five-phased development by Deeraj and East Coast in Jumeirah Village, 'The Lawn' is built with an investment worth more than Dh.300 million. The Managing Director of DEC, Dheeraj
Omniyat launches Octavian, twin-tower at Business Bay
More articles from this author:2008-03-08 07:02:00 Omniyat Properties has announced the launch of 19-storey modern office twin-tower, Octavian, in Business Bay, which happens to be the eighth project by the company in the prestigious downtown business hub of the city. Octavian, is another 'intelligent' development by Omniyat that reflects futuristic technologies, and is named after 'Galius Julius Caesar Octavianus', the first emperor of Rome and More About: Tower , Twin 1, 2, 3, 4, 5 |
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