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Al Manal Development- first company to issue Pre-registration Certificates
2007-12-06 07:56:00
Al Manal Development is the first company to issue the Pre-registration Certificate for its La Vista Residence project, in line with the recently introduced new system by the Real Estate Regulatory Authority (RERA). The Chairman of Al Manal Development, Juma Al Ghurair, said that after being the first to implement the Escrow Account Law, Al Manal, is now, the first to issue the Pre-Registration
More About: Company , Certificates , Issue

GCC Realty prices expected to continue in the current pace
2007-12-05 13:15:00
The real estate prices in Gulf Countries will continue to remain as in the present, due to land scarcity and fluidity caused by surging oil prices and mounting speculations, revealed a special report. A weekly report by Al-Masar Group states that the inflation in building & construction sector in Gulf, has reached fresh levels through construction of 2837 projects, mostly in UAE, Saudi Arabia,
More About: Current , Pace , Realty , Prices

Indigo properties begins construction of Indigo Optima 1 and 2 at Dubai Ind
2007-11-24 08:45:00
One of the fastest growing real estate development companies, Indigo Prop erties , has announced the construction of two developments, Indigo Optima 1 and 2, at the Dubai Industrial City. Both the mid-rise developments will offer business space within the International City Phase 1. The Director of Indigo Properties, Ramesh Sawlani, expressing his pleasure over the commencement of construction
More About: Construction

Dubai Studio City commences first phase of construction works
2007-11-22 07:25:00
A member of TECOM Investments, Dubai Studio City (DSC) has announced that the construction of Phase I of its commercial complex has commenced, and will be complete by December 2008. Spread over 490,000 square feet, the development will have a range of office spaces, suitable for small and medium business set-ups, freelancers, production houses, and animation and graphic design companies.
More About: Construction , Works

Emaar Malls Group completes Gold and Diamond Park expansion
2007-11-20 12:28:00
The Emaar Malls Group , a subsidiary of Emaar Properties PJSC, has completed the second and third phase of Gold and Diamond Park expansion, with the number of gold and jewellery retailers, being tripled, with new office blocks being established to house 118 manufacturing units and 350 commercial units. Most of these are located between the residential and commercial developments near Sheikh Zayed

Al Madar launches Dh300m Siraj Tower
2007-11-19 13:50:00
A leading GCC property developer, Al Madar Property Investments, which is also a part of the Al Madar Group, has announced the launch of its Siraj Tower , worth Dh.300m, located at Arjan, Dubailand. The thirty storey residential tower comprises a studio, single, double and triple bedroom apartments, and houses world-class amenities, presenting an ultra-luxurious residential offering to its

The Views – community for young professionals and families
2007-11-18 07:43:00
The Views , is another Emaar project, strategically located next to The Greens. It focuses on spacious and comfortable living at an affordable price. The views are so designed, that they offer eye-catching views of the prestigious Emirates Golf Club and the surrounding waterways. With a high-quality finish, most properties of The Views are already complete, while other sub-developments too will
More About: Community , Young , Families , Professionals

Nagarjuna Construction forays into Dubai Realty market with Dh.1.5bn NCC Ha
2007-11-18 05:34:00
A leading Indian construction conglomerate, NCC Urban Infrastructure Limited, a subsidiary of NCCL (Nagarjuna Construction Company Limited), has launched a Dh.1.5bn freehold mixed-use development at DuBio-ech (Dubai Biotechnology and Research Park). The twin tower project, NCC Harmony, covering 2.3million square feet of built-up area at the DuBiotech free-zone is the first project by the company
More About: Market , Realty

Emaar to host sales of Platinum Collection homes in Downtown Burj Dubai
2007-11-17 05:58:00
Emaar Properties, one of the largest real estate companies in the world, has announced that they are hosting a special sales roll-out on 17th November 2007, for its Platinum Collection, the high-end homes located in Downtown Burj Dubai . The show would be hosted at 'The Palace Hotel', in Old Town, Downtown Burj Dubai. The Platinum Collection of homes that are chosen from various residential
More About: Sales , Homes , Host

Al Moosa plans UAE expansion
2007-11-16 13:46:00
Al Moosa Enterprises, the owner and operator of Golden Sands Hotel Apartments in Dubai, announced plans to open other properties under the same brand name in Sharjah, Fujairah and Abu Dhabi. The current portfolio of Al Moosa comprises serviced apartments with 11 Golden Sands, 3 Silver Sands, and an inventory of 1800 accommodation units. The General Manager of Golden Sands, Mohammad Khoori, said
More About: Plans , Expansion

Champions Tower III meets hundred percent sales
2007-11-15 07:31:00
A leading Dubai-based property developer, Memon Investments, has announced sale of all its units in its Champ ions Tower III, worth $39.5million. The residential tower project, situated in Dubai Sports City, has generated huge buyer-interest from international and regional markets. According to Memon, the overwhelming success of the project is due to the extensive marketing campaigns held by the
More About: Sales

KM Properties signs deal with Amlak Finance
2007-11-15 05:49:00
KM Prop erties has entered into a deal with Amlak Finance , to provide its investors and home owner's the option of offering mortgages for 85% of their properties. KM Properties had earlier entered into financing deals with National Bank of Dubai (NBD). The finance options are now made available for the new launch by KM Properties, the TAMANI Arts Offices development at Business Bay in Dubai.
More About: Signs , Deal

City of Arabia developer arranges finance options
2007-11-14 13:37:00
The Ilyas & Mustafa Galadari Group, the developers of a landmark residential and commercial development City of Arabia , in Dubailand, have entered into a deal with Dubai Islamic Bank (DIB) for financing options for their City of Arabia project. The Chairman of the Group, Ilyas Galadari, said that the MOU is an important step forward in realizing their desire to provide Islamic financing to
More About: Finance , Developer , Options

The Jumeirah Park - community of family villas
2007-11-14 06:44:00
The Jumeirah Park , together with Nakheel's Jumeirah Islands are a community of family villas in beautiful surroundings, specifically designed to offer environmentally friendly living in the heart of new development area. The Park, located in close proximity to the emirates Golf Club, is easily accessible from Emirates Road and Sheikh Zayed Road. With a wide choice of 2000 odd three, four and
More About: Family , Community , Villas , Unit

Despite peak construction boom, Abu Dhabi still faces housing shortage?
2007-11-13 06:21:00
In a city, such as Abu Dhabi , which is so full of new real estate projects and in peak of construction boom, it is a startling fact to note that thousands are left struggling to find suitable properties to rent, reports Gulf News. According to Property Consultant and Director of Global Hills, Diana Stebbins, a solution to this property hunt would finally be found during 2009, when people could
More About: Faces , Construction , Housing , Boom

Sorouh awards Dh.465m Shams Abu Dhabi contract to Al Geemi
2007-11-12 06:28:00
Sorouh Real Estate has awarded a contract worth Dh.465m to Al Geemi and Partners for construction of utilities and roads and infrastructure in Shams Abu Dhabi . The integrated development, worth Dh.25billion is the flagship project of Sorouh on Reem Island, which on completion, would house 55,000 residents. "Al Geemi and Partners are the leaders in construction industry who play a major role in
More About: Awards , Contract

ETA Star awarded with Superbrand recognition; becomes the first in the regi
2007-11-11 05:11:00
UAE's well-known property firm, ETA Star Property Developers LLC, has been elected as a 'Superbrand' by the UAE Superbrands Council. ETA Star is the first private real estate developer to be voted as the strongest brands in the region. This award further strengthens the position of ETA, as one of the fastest growing player in the property sector. ETA Star bagged this award with its unique set of
More About: Recognition

Union Properties confirms participation in International Property Show
2007-11-10 05:57:00
Union Properties, the UAE-based developer has announced its participation in the International Property Show (IPS) to be held between from 17th to 19th February 2008 at the Dubai International Exhibition Center in Dubai. This exhibition, is the biggest transactional property exhibition in the region, and an annual transactional and networking event, in which high net-worth individuals,
More About: Union , Participation

TAMANI Art Offices undergoes public launch at Artisan Cluster, Business Bay
2007-11-08 05:46:00
The latest luxury realty development by KM Properties, the real estate development arm of KM Holdings, the TAMANI Art Offices , underwent public launch at the Artisan Cluster in Business Bay, Dubai. TAMANI Arts Offices is an iconic mixed-use realty development complex, comprising a 20 storey tower. About 32 percent of the project was already sold to investors during its pre-launch at the
More About: Public , Launch

DuBiotech HQ, world's largest green building, begins Phase I construction
2007-11-07 12:58:00
A member of Tecom Investments, DuBiotech (Dubai Biotechnology and Research Park) held the ground-breaking ceremony yesterday, to begin construction of its head-quarters - the Bio HQ, and the hi-tech laboratory buildings - the Nucleotide Complex. This is a part of Phase I of the entire project. The headquarters, spreading across 600,000 square feet, has been designed by CUH2A, a leader in
More About: Building , Green Building , Green , Construction , Largest

Dh2.4bn Dubai Lifestyle City to be launched on 13th Nov'07
2007-11-06 05:32:00
The Dh.2.4billion Lifestyle City project in Dubai land, by ETA Star Group, will be formally launched on 13th November 2007, and the celebrated tennis player and style icon, Maria Sharapova, is expected to grace the occasion. The Managing Director, Dubai Lifestyle City, Arif B. Rahman, while announcing the launch, mentioned that the celebrated tennis player, Maria Sharapova, represents the style
More About: Launched , N 13

The Palm Jebel Ali Water homes
2007-11-05 06:10:00
The Palm Jebel Ali Water homes are indeed a unique and rare property, and if you are looking to invest or buy, then we will be privileged to guide you to the best location that suites your budget and meets your requirements. The Waterhomes maintain the same design throughout, and are uniform in appearance, when looking at the master plan. The only difference is its location. They are created in
More About: Homes

Dubai recorded Dh.10.22bn worth land transactions last month
2007-11-04 07:10:00
The total value of land transactions in Dubai touched Dh.10.22bn in October, according to Dubai Land Department. Out of the total 395 cash sales that happened during the month, these transactions were worth Dh.6.03bn, out of which Dh.3.49bn were from mortgage trasactions, and Dh.693.49million were from donation of land and property. The Land Department in Dubai, registered 395 transactions
More About: Transactions , Worth , Month

L&T and Eastern International to develop final phase of luxury Victory
2007-11-03 07:44:00
India's largest Engineering, Technology and Construction Conglomerate, Larsen & Tubro Limited (L&T), together with Eastern International LLC, a leading contractor in UAE have entered into a joint-venture to develop 'Victory Heights', a signature residential golf course villa community in Dubai Sports City. 'The Victory Heights' community, worth Dh.558mn, covering 25mn Sq. Ft. of space, would
More About: Luxury , Final

Uptown Midriff freehold residential development
2007-11-03 06:48:00
The 23 hectare freehold residential development, Uptown , is a one of a kind development in the heart of the busy and popular Midrif area, with a shopping district and neighbourhood atmosphere, all in one place. Resident s are placed with a wide choice of apartments, townhouses and villas to choose from, all of which are completed, apart from about 350,000 square feet of retail shopping space.
More About: Residential , Development , Freehold

Landmark Properties bags three CNBC Arabian Property Award 2007
2007-11-03 04:12:00
One of the leading real estate consultancies in Dubai, Landmark Properties, is the proud winner of three prestigious CNBC Arabian Property Award s 2007 for exceptional work in real estate and property management services. The company has been conferred with the 'Best Property Marketing', 'Best Real Estate Agency Website' and 'Best Real Estate Agency Marketing'. The Landmark Properties website has
More About: Bags

United Holdings - new multi-disciplinary investment firm launched
2007-11-02 08:49:00
A new private multi-disciplinary holding investment firm, United Holdings , has been launched for embarking on investments worth Dh.19.8billion during the coming years. The company, with its position as a premium investment firms, will concentrate mainly on opportunities in Dubai property sector. The Chairman of United Holdings, Mohammed Ali Al-Hashimi, said "After extensive research and planning
More About: Investment , Multi , Launched

Sorouh launches Al Ghadeer development at Dubai-Abu Dhabi border
2007-10-20 08:14:00
The Abu Dhabi -based real estate developer, Sourouh Real Estate, has launched Al Ghadeer, a new development at Saih As Sidirah, located at Dubai -Abu Dhabi border.Al Ghadeer is a self-sustaining mixed-use development, driving home the concept of 'easy living', and hosts a range of recreational, commercial, educational and social amenities. Stretching about three million square meters in area, Al Ghadeer comprises apartments, townhouses and villas that make an affordable luxury living, designed for convenience of residents working in Dubai.The CEO of Sorouh Real Estate, Mounir D. Haidar, said "This is a prominent site with tremendous potential due to its easy accessibility to major highways that link most commercial centers in the UAE. The ideal location of the site at the Dubai-Abu Dhabi border helps in meeting the commercial and residential demand from a broad area, including new industrial developments. Considering the increased housing prices and cost of living in Dubai, Al Ghade...
More About: Development

KM Properties to launch Dh.1.3bn Tamani Arts Offices in Business Bay
2007-10-19 13:30:00
The real-estate development branch of Dubai-based KM Holding, KM Properties , has unveiled a Dh.1.3billion tower at Dubai's Business Bay, the prime commercial district in the emirate.The tower named 'Tamani Arts Offices ', will include a twenty storey glass and steel building in the Artisan cluster of Business Bay.The Chairman and CEO of KM Holding, Mohammad Haddad, is quoted as having said that the Tamani Arts Offices will be the most significant address for business in New Dubai.The Artisan Cluster that covers a built-up area of two million square feet comprises numerous commercial, residential and hotel towers.Another development of KM Properties is the Tamani Arts hotel, which is located adjacent to Tamani Arts Offices.KM Holding is the owner of numerous properties in the UAE, and is planning to enter the Indian and Saudi Arabian markets, scheduling a six-year growth plan.
More About: Launch

Voluntary rent caps could turn the situation in favour of Landlords
2007-10-19 12:00:00
Analysts are of the opinion that imposing a 'voluntary' rent cap, could turn the current situation in favour of Landlords , leading to a rampant increase in rent rates.This statement came, following a leading government official's statement that Dubai's rent cap may become voluntary, permitting landlords to adjust rents on par with current market rates.The CEO of RERA (Real Estate Regulatory Authority), Marwan bin Ghalita, said that the cap on price increases for renewed rents, when being renewed during the following year, should be done at a lower level than the current seven percent.However, he emphasized that in case the commercial or residential property Landlords are of the opinion that the cap is responsible for keeping rents below the market prices, they can argue for an adjustment, based on benchmark rate, recommended by RERA.According to Bin Ghalita, this system could be successful in reducing situations where the Landlords tend to evict tenants under silly pretexts for ...
More About: Voluntary , Rent , Turn , Situation