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Dubai Property

Real estate demand to surge over next 3 years
The head of the UAE's largest provider of real estate finance said yesterday the Middle East will continue to witness a surge in demand for real estate over the next three years. Wasim Saifi, CEO of Tamweel, said population growth in the Middle East along with pent-up demand in countries like Saudi Arabia and Egypt are contributing to the rise of the real estate sector. On the commercial side, demand for additional commercial space is estimated at around 1.6 million square meters in 2007 and will grow at the rate of 1.5 million square meters per year over the next three years.
United Arab Emirates: Wednesday, May 14 - 2008 at 09:50

Sorouh unveils Lulu Island master plan
Sorouh Real Estate on Tuesday unveiled the master plan for Lulu Island at Cityscape Abu Dhabi. The 1400-acre island will be located about 500 metres offshore from the Abu Dhabi Corniche. It will offer residential, resort and retail areas, and capitalises on the Island's water features with canals, marinas and a public beach.
United Arab Emirates: Wednesday, May 14 - 2008 at 09:03

Dubailand finalises design for Marvel theme park
Dubailand said it is finalising the design and conceptual master plan for the world's first Marvel Superheroes theme park. The 4.5 million square feet project will be demarcated into three districts such as City Centrum, the HUB, and The Marvel Academy. Three of the theme park's rides - Flying with Spidey, Fantasticar and X-men: Danger Room - are already undergoing off-site trial runs, prior to its installation within Dubailand.
United Arab Emirates: Wednesday, May 14 - 2008 at 07:17

Saadiyat Island villas launched
The Tourism Development and Investment Company (TDIC) in Abu Dhabi today released the first 250 villas in its Saadiyat Island project, with prices starting from Dhs6.5m for a three bedroom property. The Saadiayat Beach properties overlook either the coast or the Gary Player golf course, and are due to be ready by late 2009 to early 2010
United Arab Emirates: Tuesday, May 13 - 2008 at 20:06

Cityscape extended till Friday
Cityscape Abu Dhabi 2008 will be extended one day following an official request from Abu Dhabi government according to Mark Goodchild, Project Manager of Cityscape Abu Dhabi. Goodchild said this is unprecedented for Cityscape, but hardly surprising considering the massive interest on the first day.
United Arab Emirates: Tuesday, May 13 - 2008 at 15:24

Emirates NBD provides home loans in Abu Dhabi
Emirates NBD announced a new mortgage initiative during Cityscape Abu Dhabi 2008. The bank will provide home loans targeting UAE and GCC nationals and residents, with a 4.99% interest rate and a payment period extended up to seven years for people who want to buy an Abu Dhabi property.
United Arab Emirates: Tuesday, May 13 - 2008 at 15:21

Dubai Sports City showcases Canal Residence
The second phase of the Canal Residence, a similar design of the French Riviera, was unveiled at Cityscape Abu Dhabi. The Canal Residence West, which is located in the centre of Dubai Sports City, consists of five buildings overlooking the canal and the Els Golf Course, will also include parks, swimming pools and resorts.
United Arab Emirates: Tuesday, May 13 - 2008 at 14:00

Arzanah development unveiled
Capitala, a Mubadala joint venture in Abu Dhabi, unveiled its maiden Project, Arzanah, during Cityscape. The project is a mixed use 1.4 million square meters oasis that will consist of residential, leisure, sports, and retail areas. Projected number of residents in Arzanah will be 18,000, but only nationals can buy a property, as it is classed a non-investment zone.
United Arab Emirates: Tuesday, May 13 - 2008 at 13:28