Real Estate

and Construction News

Related Content

Dubai Property

Investate buys plot from BFH
Bahrain Financial Harbour Holding Company has entered into a land sale deal with Investate Realty at the Residential North, worth $300m, said news reports. The plot is earmarked for housing a key residential component within the BFH development project.
Bahrain: Sunday, April 06 - 2008 at 08:58

Bahrain facing housing crunch
A Bahraini MP has said the kingdom's housing sector is facing a 'financial crunch' as building material costs rise. The Chamber of Deputies is to hold extraordinary sessions throughout April until mid May to discuss housing projects and strategies. It will focus on the shortage of land to meet immediate and future needs, said the Bahrain Tribune. The government has set aside DB450m for housing projects this year.
Bahrain: Sunday, April 06 - 2008 at 08:56

Emirates Post enters Ajman realty
Emirates Post Group has ventured into property development in Ajman with Ajman Sports and Cultural Club. Emirates Post will build malls and commercial buildings in three locations, owned by the Club. The Ajman Sports & Cultural Club will receive fixed percentage of the revenues annually for a 20-year period.
United Arab Emirates: Saturday, April 05 - 2008 at 08:33

Bahrain plans $5bn business park
Bahrain plans to build a $5bn business park as part of a strategic move aimed at promoting Bahrain as destination of a choice for foreign investors, reported the Bahrain Tribune, citing a top government official. Talal Al Zain, Chairman of Mumalkat Holdings, said $359m will be spent on the first phase of the project.
Bahrain: Thursday, April 03 - 2008 at 09:55 |

UAE rent prices to ease
UAE Central Bank Governor Sultan Nasser Al Suwaidi said rent prices in the country will dip later in 2008 as more units come into the market and supply increases, reported Gulf News. He said the increased housing supply will also help ease inflation.
United Arab Emirates: Thursday, April 03 - 2008 at 09:03 |

Iris launches new Dubai project
Dubai-based Indian real estate developer Iris has announced the launch of its latest project, the Dhs100m ($27m) Iris Asmar, a seven-storey residential building located in Dubai's Cultural Village, reported Gulf News. The complex will consist of eight three-bedroom and seven four-bedroom apartments. It is the company's fourth project in Dubai, bringing the current portfolio to Dhs2.5bn. Ashwin Sheth, director of Iris Properties, said the company hopes to boost its portfolio to Dhs5bn this year. Prices in Iris Asmar will start at Dh2,835 per square foot and go up to Dh2,888 per square foot.
United Arab Emirates: Thursday, April 03 - 2008 at 07:03 |

Emaar signs MOU with Shanghai China News
Emaar Properties has signed a memorandum of understanding with Shanghai China News Development to 'explore and work on' property and education projects in Shanghai and 'other key cities' in China, reported Bloomberg, citing Emaar Education spokesman Ng Boon Yew.
United Arab Emirates: Wednesday, April 02 - 2008 at 13:52

Akruti plans foray in Middle East
Mumbai-based real estate firm Akruti City plans to make its first international foray in the Middle East later this year, with projects in both residential and commercial segments, reported Reuters, citing a top official. The Mumbai-based developer also plans to expand its domestic portfolio to other states in western and central India including Gujarat, Karnataka, Rajasthan and Madhya Pradesh.
Wednesday, April 02 - 2008 at 08:42