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Dubai Property

Redco to build Al Rames Tower
Qatar Islamic Bank has announced the signing of a deal worth $49m for the construction of Al Rames Tower, a 35-storey commercial project to be built in New Doha, reported the Peninsula. The tower, to be built by Redco Constructions l Mana, is scheduled for completion in 24 months.
Qatar: Tuesday, April 08 - 2008 at 13:07

Sorouh to raise foreign ownership
UAE-based Sorouh Real Estate plans to allow foreign investors to own up to 40% in the company, up from the current limit of 20%, reported Reuters, citing an interview with Firoze Kapadia, Sorouh's executive director of treasury and investments. He said the aim of the move is to attract more foreign institutional investors and reduce volatility in its share dealing.
United Arab Emirates: Tuesday, April 08 - 2008 at 11:11

Burj Dubai breaks new record
Burj Dubai has surpassed the United States’ KVLY-TV mast in North Dakota to become the world’s tallest man-made structure. Burj Dubai is now 629 metres high while KVLY-TV, which held the record for the world’s tallest supported structure since 1963, has a height of 628.8 metres. Burj Dubai is already the world’s tallest building, and at 160 storeys, is taller than Taipei 101 (508 metres) in Taiwan and CN Tower (553.33 metres) in Canada.
United Arab Emirates: Tuesday, April 08 - 2008 at 07:31 |

Kuwait property prices fall
Real estate activity in Kuwait fell to its lowest level in 11 months in February, according to the latest monthly statistics from the National Bank of Kuwait. A total of 839 sales transactions were registered in worth KD156.1m ($586.6m). The value of residential sales fell 24%, driven by the 47% drop in average property prices. The value of loans approved by the Savings and Credit Bank declined by 22% in February.
Kuwait: Monday, April 07 - 2008 at 14:03

Al Habtoor wins Jafza complex
Jafza has awarded to the Dubai Division of Al Habtoor Engineering Enterprises the Dhs1.9bn contract for the construction of its state-of-the-art Convention Centre Complex. The complex will comprise of a food court, office complex and a 322-room hotel, spread over an area of 72,700 square metres.
United Arab Emirates: Monday, April 07 - 2008 at 13:26

Cirrus to launch Aquarius Gate
Cirrus Developments is launching its Dhs3bn Aquarius Gate mixed-use development at Nakheel's Waterfront. The project will be a residential and commercial property. It is also the second major development launched by Cirrus in Dubai, following Celestial Heights in Downtown Jebel Ali.
United Arab Emirates: Monday, April 07 - 2008 at 09:03

Flamingo Creek breaks ground
National Properties breaks ground to commence the construction of its Flamingo Creek project within The Lagoons master development at Dubai Creek. The freehold project is a low-rise, low-density, residential community comprising of 244 villa-style apartments and townhouses.
United Arab Emirates: Sunday, April 06 - 2008 at 14:18

Deyaar launches DSO residences
Deyaar has launched three new residential projects valued at Dh700m at Dubai Silicon Oasis. The Coral, Jade and Ruby residences construction is underway and the projects are on track with delivery expected in June 2009.
United Arab Emirates: Sunday, April 06 - 2008 at 10:12