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Dubai real estate on road to recovery
United Arab Emirates
Although cash and confidence issues still prevail, Dubai’s property market will witness the first green shoots of recovery sometime between the end of 2009 and the second quarter of 2010, according to a panel of industry experts speaking here yesterday at the third 'not for profit’ Cityscape Connect business breakfast.
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Work begins on Al Marjan Island Phase II
United Arab Emirates - 4 hours, 6 minutes ago
Ras Al Khaimah property developer Rakeen announced it is set to commence Phase II of its infrastructure work on Al Marjan Island. The contract was awarded to Rizzani to complete the works in 18 months, covering Island 3 and Island 4 of Al Marjan at a cost Dhs365m. Al Marjan Island is the first man-made island in the emirate of Ras Al Khaimah.
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