NEWS & EVENTS >>
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• Arabtec wins $193.3 mln Dubai tower deal Sunday, January 31, 2010, 8:01:00 AM
DUBAI - Dubai contractor Arabtec said on Sunday it won a 710 million UAE dirham ($193.3 million) contract to build a tower in Dubai. [Maktoob.com]
• Damac to hand over six projects in 2010 Thursday, January 28, 2010, 11:34:00 AM
Dubai-based real estate developer, Damac Properties has announced that it will complete and deliver six of its projects during 2010. [AMEinfo.com]
• Signs of revival at Dubai's The World islets Thursday, January 28, 2010, 8:16:00 AM
DUBAI - Nakheel's The World cluster of 300 man-made islets is finally seeing signs of construction work after a second investor has started work on a project, UAE daily Emirates Business reported on Thursday. [Maktoob.com]
• Sorouh posts 39% drop in Q4 net profit Thursday, January 28, 2010, 12:00:00 AM
Sorouh Real Estate, the Abu Dhabi-based real estate developer, on Thursday announced net profit for the fourth quarter of AED28.1m, a drop of 39 percent on the same period in 2008, after the company decided to increase provisions following a review of assets. [Arabianbusiness.com]
• Property refunds to be issued under new Dubai law Monday, January 25, 2010, 12:40:00 PM
Under new laws planned in Dubai property investors will be eligible for refunds or replacement property if they fall victim to unscrupulous or failing developers, the National has reported. [AMEinfo.com]
• Lagoons offers buyers alternative units Wednesday, September 30, 2009, 1:31:00 PM
The developer of the stalled Lagoons Project in Dubai is offering investors who bought homes in the project alternative apartments within Jumeirah Beach Residences, the National has reported. [AMEinfo.com]
• Khoie Properties denies insolvency reports Wednesday, September 30, 2009, 1:12:00 PM
Dubai-based Khoie Properties has issued a statement denying recent reports of financial difficults surrounding its La Hoya Bay project in Ras Al Khaimah. [AMEinfo.com]
• Ajman issues title deeds for property units Wednesday, September 30, 2009, 12:05:00 PM
Ajman Real Estate Regulatory Agency has said it has started issuing title deeds for property units in the projects of Al Nuaimia and Al Rashdiah Towers, Gulf News has reported. [AMEinfo.com]
• Dubai Metro impact on house prices may take 5 years - DTZ Wednesday, September 30, 2009, 12:00:00 AM
Homes and offices located next to the Dubai Metro could see price uplifts of 20 percent but it may take up to five years to happen, a global real estate advisory firm said. [Arabianbusiness.com]
• Aldar rating raised to 'buy' at Deutsche Tuesday, September 29, 2009, 3:02:00 PM
Deutsche Bank has raised Abu Dhabi-based Aldar Properties to 'buy' from 'hold' at Deutsche Bank AG, citing the developer's 'upside potential on land bank valuation', Bloomberg has reported. [AMEinfo.com]
• Emaar offers discounts via credit notes Tuesday, September 29, 2009, 2:24:00 PM
Emaar Properties has incorporated a new clause in its local agent agreement, offering a commission for any sale transacted using its credit notes, a realtor told Emirates Business. [AMEinfo.com]
• New $250m property fund to focus on UAE Tuesday, September 29, 2009, 2:15:00 PM
Tasweek Real Estate Marketing and Development has announced plans to create a $250m real estate investment portfolio targeting Dubai and Abu Dhabi over the next 18 months. [AMEinfo.com]
• New deals offered for Lagoons project buyers - report Tuesday, September 29, 2009, 12:02:00 AM
Investors have reported that Sama Dubai, developer of Dubai’s Lagoons project, is exploring the idea of transferring credit among buyers. [Arabianbusiness.com]
• New $250m fund to target UAE real estate projects Tuesday, September 29, 2009, 12:01:00 AM
A new $250 million investment fund is to target key real estate projects in Dubai and Abu Dhabi over the next 18 months, it was announced on Tuesday. [Arabianbusiness.com]
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