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Dubai Property

Cost of building materials up 50% in Gulf
The costs of building materials in the Gulf region jumped 50% during the first half of the year following a 30% hike last year, said regional real-estate developer Al Mazaya Holding Company in a statement yesterday. The Kuwaiti-based company said this was due to inflationary pressures in the region that also prompted skilled and unskilled labourers to leave the UAE, where some 60% of the residents are of Asian origin.
Middle East: Wednesday, July 09 - 2008 at 07:39

Karl Lagerfeld to design Dubai homes
Fashion icon Karl Lagerfeld has signed a deal with Dubai Infinity Holdings to design 80 homes on Isla Moda, the world's first dedicated fashion island, set in The World development off the coast of Dubai. The collaboration between DIH and Lagerfeld will extend to other projects across the GCC and India, according to a statement by the developer.
United Arab Emirates: Tuesday, July 08 - 2008 at 13:53

Damac launches Qatar project
UAE-based Damac Properties has launched its first commercial tower in Qatar. Business Square is an urban development spanning 39,000 square metres in the southern end of Lusail, within the Marina District. The tower is 20 storeys high and will cost 400 million Qatari riyals ($110m) to build, according to a statement by the developer.
United Arab Emirates: Tuesday, July 08 - 2008 at 07:13

Cityscape ventures in USA
Cityscape has added the United States to its global portfolio, to hold the first Cityscape USA in New York from 9 - 12 September 2008. The Trump Organization and Nakheel are expected to prominently join the event.
United Arab Emirates: Monday, July 07 - 2008 at 13:53

Iris unveils 'Mist' tower
Property developer Iris has unveiled its Mist tower development, which is planned for Dubai Maritime City. The Dhs2.5bn residential project will be 200m tall in the pattern of rising waves and will incorporate 355 apartments.
United Arab Emirates: Monday, July 07 - 2008 at 09:25

Rakeen hands over Al Marjan plot
Rakeen has handed over the 281,000 sqft plot to Aakar Marjan Island for its Dhs600m luxury hotel and residential apartment complex at the Al Marjan Island in Ras Al Khaimah. The target date for completion is 2010 and the development will be undertaken by Kayi Construction.
United Arab Emirates: Sunday, July 06 - 2008 at 13:14

Real estate salaries 'to rise'
According to Macdonald & Company, salaries within the regional property and real estate sector are set to increase significantly in 2008. The company is conducting the 'Middle East Real Estate Salary Survey' for 2008, set to launch at Cityscape Dubai 2008. The company cited continued demand for professional skill-sets coupled with local market experience,rising inflation, and an increase in the cost of living as factors for the salary increase.
United Arab Emirates: Sunday, July 06 - 2008 at 12:18

Abyaar sells 50% of Venti Quattro
Abyaar has confirmed that 50% of its Venti Quattro tower in Dubai Marina has been sold out. The property is adjacent to Marina Mall, featuring 152 apartments ranging from studios to one and two bedroom apartments.
United Arab Emirates: Sunday, July 06 - 2008 at 09:20