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Dubai Property

Dubai properties to be auctioned
Auction house Mazad, part of the Dubai Properties Group, is selling select properties on Sunday 8th June. It is auctioning residential and commercial units and plots of land from developments from within Dubai Properties portfolio. The sale is open only to pre-qualified investors.
United Arab Emirates: Thursday, June 05 - 2008 at 16:38

Aldar to raise Dhs3bn from Sukuk
Abu Dhabi's largest developer, Aldar Properties, plans to raise at least Dhs3bn ($816m) to fund new projects by selling Islamic bonds, reported Bloomberg. The five-year Ijarah sukuk which will be the developer's first issue in the local curency, will pay a profit distribution of 1.75 percentage points more than the three-month Emirates interbank offered rate.
United Arab Emirates: Thursday, June 05 - 2008 at 14:43

Nakheel signs deal for ambulance services
Dubai-based developer Nakheel has signed an agreement with the Government of Dubai's Centre of Ambulance Services to provide emergency services on the development sites of Waterfront and Palm Jebel Ali. Under the agreement an ambulance vehicle along with qualified medical staff will be on hand 24 hours a day, seven days a week, on both developments. The agreement, the first of its kind to be undertaken by a Dubai developer, will ensure a safe working environment for future employees and construction workers as part of the developments, according to a statement.
United Arab Emirates: Thursday, June 05 - 2008 at 13:53

Dubai expands ban on shared villas
The Dubai Municipality has announced that all parts of the emirate will now be covered under its 'one villa, one family' campaign, reported Khaleej Times. Hussain Nasser Lootah, Acting Director-General of the municipality, said the the eviction drive against villas that house more than one family would be enforced on tenants of all villas, irrespective of the areas they are located in or the stature of the villa.The campaign to ensure a healthy and hygienic living environment in villas.
United Arab Emirates: Thursday, June 05 - 2008 at 11:16 |

Kurdistan's real estate sector worth $10bn
The real estate industry in Kurdistan is now worth about $10bn, reported Gulf News. The chairman of the Kurdistan investment board says there are about 40,000 housing units under construction in the country in conjunction with Italian, German and American companies. However, the majority of investors and trade partners in Kurdistan are Turkish. Dubai developer Damac recently announced plans to develop a $15bn master development in Erbil, the capital of Kurdistan.
Thursday, June 05 - 2008 at 07:18 |

Define Properties enters Dubai market
Newly launched Define Properties is the latest entrant into Dubai's real estate industry. Initiated with a paid up capital of Dhs500m ($136m), the company's assets are valued at Dhs1.7bn, which include 12 plots in the Waterfront and 1 plot in Business Bay. President and CEO Tarek Kandil said Define sold its first project, Niki Lauda, off plan, before either the company or teh building were launched.
United Arab Emirates: Wednesday, June 04 - 2008 at 10:33

Limitless builds $100bn portfolio
The project portfolio of Dubai-based developer Limitless now exceeds over $100bn, reported Gulf News. With nine master planned developments currently under construction, including the $11bn Arabian Canal and $13bn Downtown Jebel Ali communities, Limitless, a Dubai World company, is now one of the top developers in the UAE.
United Arab Emirates: Wednesday, June 04 - 2008 at 07:54

Dubai Maritime City launches Maritime Centre
Dubai Maritime City, the world's first purpose-built maritime centre and a member of the Dubai World Group of companies, launched its Maritime Centre that will serve as the business capital for the city. The Maritime Centre comprises a cluster of five high-rise towers called the Creek Towers and Plaza; a landmark tower located at the head of the man-made peninsula; and seven plots reserved for potential developers planning to construct their own towers. The Centre will also feature a 5-star business hotel and premium service apartments.
United Arab Emirates: Tuesday, June 03 - 2008 at 14:35 |