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Deyaar to hand over four projects in June
Dubai-based Deyaar Development said today will hand over later this month all 470 residential units at four of its residential projects at Dubai Silicon Oasis. The four projects comprise the Coral, Jade, Ruby and Sapphire Residences. This follows the recent delivery of all 312 units at Madison Residency in the Technology, E-Commerce and Media (TECOM) free zone, and brings the total number of projects delivered in the first six months of this year by Deyaar to five, the company added.
United Arab Emirates: Wednesday, June 03 - 2009 at 14:59

Sherwoods to hold property auction in Dubai
Sherwoods Independent Property Consultants will hold an auction on June 4th in Dubai, featuring properties in The Palm, Dubai Marina, Downtown Dubai, Jumeirah Lakes Towers, and other locations in the UAE. The property offerings cover a broad price range and feature a mix of ready-to-use, nearly completed and off-plan residential and commercial units, as well as a number of plots, including one just outside Terminal 2 that is available for GCC residents only.
United Arab Emirates: Wednesday, June 03 - 2009 at 11:11

Sorouh offers price cuts on Al Ghadeer project
Abu Dhabi-based developer Sorouh has offered a significant price reduction to investors who own units in the Al Ghadeer project, with at least one being offered a reduction of 40%, reported Emirates Business. Simon Cunningham, Chief Sales and Marketing Officer of Sorouh, said the price reductions have resulted from reduced construction costs. Investors do not have to make any payment during the time of construction. The full payment has to be made at handover, which will be by the end of 2012.
United Arab Emirates: Tuesday, June 02 - 2009 at 13:40

Omniyat's Bayswater handed over to investors
Omniyat Properties, the real estate arm of Omniyat Holdings, has handed over the keys of Bayswater, its commercial tower in Business Bay, to investors. The scissor-shaped tower has 293 offices and 11 retail units. Omniyat Strata Management will control and manage the administrative and financial requirements of the building's common facilities and assets.
United Arab Emirates: Tuesday, June 02 - 2009 at 13:36

Jumeirah Village contract awarded
Dubai-based Almasah International Real Estate has awarded a $80m contract to a joint venture between Axis Idenitity Group, Markizz and Al Ghaith to construct residential buildings Cadi 4, Jouri 5 and Judi Palace in Jumeirah Village. Main construction is expected to begin later this year, and final delivery for the projects will be in the second and third quarters of 2010.
United Arab Emirates: Tuesday, June 02 - 2009 at 13:34

Nakheel hands over Golden Mile
Joint-venture partners, Nakheel and IFA Hotels and Resorts have started handing over the keys to the residential units at Golden Mile on Palm Jumeirah. Golden Mile is made up of ten buildings with a total of 860 residential units, in addition to the first freehold offices on Palm Jumeirah, as well as an extensive retail area. All residential units are managed by the neighbouring Fairmont Palm Jumeirah hotel, which is set to open in 2010.
United Arab Emirates: Monday, June 01 - 2009 at 11:32

Hill wins Bahrain airport deal
Bahrain Airport Company has awarded Hill International a contract to manage a major expansion that includes construction of two new passenger terminals, aprons, separate piers, a people mover system, car parking, road works and infrastructure. The contract also includes the development of an adjacent Airport City including hotels, conference centres, retail and recreational facilities. Hill International's contract was agreed on a four year base term, with a four year optional extension period and has an estimated value of $36.5m over the full eight year term, said a company statement.
Bahrain: Monday, June 01 - 2009 at 11:29

UAE property market 'starting to bottom out', says HSBC
The UAE real estate market is starting to bottom out, with agreed prices for property transactions rising 4% and 5% month on month in April and May 2009, according to a new survey by HSBC. David Lepper, Head of UAE Equity Research, HSBC Global Research, said: 'Market data from April and May show a range of positive indicators: agreed property sale prices are rising, volumes are holding up well, and banks have loosened their lending criteria. However, we will not be able to discern a sustainable trend until later in 2009, and while we note these positive developments, the market as a whole is coming off a very low base, given the sharp declines since the market peak. Credit growth remains subdued, and the UAE economy still has challenges to deal with.'
United Arab Emirates: Sunday, May 31 - 2009 at 14:27