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Dubai Property

Palm Deira now bigger than Jumeirah
Nakheel says that it has now reclaimed over a quarter of the land required for Palm Deira, the biggest of its three Palm island projects in Dubai. It means the unfinished palm is now bigger than Palm Jumeirah, the most developed of the three. The developer said phase one of land reclamation is 80% completed, having used 300 million cubic metres of sand. Once completed, the island will be 42 million square metres, which it says it around half the size of Paris, France.
United Arab Emirates: Sunday, April 13 - 2008 at 08:01 |

ACI, Galadari to offer G Office
ACI Real Estate has teamed up with Galadari Investment Office (GIO), the luxury holding division of GALVEST for a signature commercial property 'G Office'. The 45-storey office tower is being built at the City of Arabia district, and designed by internationally-known architect, Alex Vacha.
United Arab Emirates: Saturday, April 12 - 2008 at 11:04

KASB launches Al Hilal Tower
Abu Dhabi-based developer KASB has announced the launch of Al Hilal Tower, a 55-storey tower in Ajman. KASB, a subsidiary of Al Aqili Group, has a large portfolio of projects in the region, including the Green project in Yemen and the Palm Hills in Egypt.
United Arab Emirates: Thursday, April 10 - 2008 at 13:06 |

Arabtec wins $817m contract
Dubai-based Arabtec Construction has been awarded an $817m contract for the design and build work for the Mohammed bin Rashid Housing Establishment, reported our sister publication Meed. The agreement involves the construction of 2,290 villas in Al-Barsha, Al-Warqaa and Oud al-Muteena areas of Dubai. The order brings the total number of villas currently being built by Arabtec to 5,000, of which 3,230 are for the Mohammed bin Rashid Housing Establishment.
United Arab Emirates: Thursday, April 10 - 2008 at 10:30

Damac project now back on track
UAE-based property developer Damac yesterday said its Haz Tower project in Dubai's Business Bay is back on track following complaints by investors, reported Gulf News. After learning that the developer had planned to cancel the project, around 10 investors yesterday met officials at the Land Department to complain against the company. Following the meeting, Niall McLoughlin, senior vice-president of corporate communications at Damac, said the project is 'definitely going ahead'. This latest showdown arises just a week after Damac came under fire for cancelling the Palm Springs project on the Palm Jebel Ali. Damac, the largest private sector developer in the UAE, has launched 80 projects but handed over only two so far.
United Arab Emirates: Thursday, April 10 - 2008 at 10:13 |

Al Habtoor wins Pearl Dubai contract
Pearl Dubai, a consortium of investors led by Al Fahim Group, has awarded a Dhs305m ($83m) contract to Al Habtoor STFA Soil Group, to carry out enabling works on the Dubai Pearl project, which is taking shape within the Dubai Technology and Media Free Zone (Tecom), overlooking the Palm Jumeirah. HSSG will handle all aspects related to site grading, mobilisation shoring, earthwork, excavation, dewatering, piling work and testing.
United Arab Emirates: Thursday, April 10 - 2008 at 07:20

World's first integrated wind turbines in Bahrain
The Bahrain World Trade Center made history on Tuesday as its pioneering wind turbines turned together for the first time. The three 29m-diameter turbine blades on Bahrain's iconic landmark are the world's first to be integrated into a commercial development, and are forecast to provide the equivalent of 11-15% of the power for the two towers when fully operational.
Bahrain: Wednesday, April 09 - 2008 at 09:37

Palm Hills to launch global offering
Palm Hills Developments, a leading real estate developer in the Egyptian market, said it plans to conduct a global offering of ordinary shares and global depositary receipts. It also intends to apply for admission of the Shares to trading on the Cairo and Alexandria Stock Exchange and for the admission of the GDRs to the Official List of the UK Financial Services Authority and to trading on the London Stock Exchange. The Global Offering is expected to close in May 2008. The market value of PHD's properties as of 1 March 2008 was valued at EGP19.5bn ($3.5bn), prior to adjustments for tax, minority interests and land repayment obligations.
Egypt: Wednesday, April 09 - 2008 at 08:43