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Tower fire in Dubai Internet City
One of the newest towers in Dubai Internet City is ablaze. Smoke can be seen billowing from the top of the building, close to the twin towers, after fire broke out in the early afternoon. The high rise tower, which is still under construction, is at Tecom Investment’s Tecom B site. Office space is tight in Internet City, but it is unclear if the fire will setback development schedules.
United Arab Emirates: Wednesday, May 14 - 2008 at 16:32

Plus Properties launches a retail centre in Abu Dhabi
Plus Properties has launched its Blue Dolphin Centre, a Dhs300m commercial project located in Abu Dhabi. The project was designed by Hilal and Partners company and will be one of the first freehold office and retail centrers on Al Raha Beach in Abu Dhabi. It will include executive suites that will range between 1,200 and 6,000 sq ft, in addition to services amenities.
United Arab Emirates: Wednesday, May 14 - 2008 at 12:26

Abu Dhabi renames its western region
Abu Dhabi's western region has been given a new name and brand identity as part of a major effort to improve the region's tourism and investment prospects. The new name of the region, which will now be known as Al Gharbia, was announced at Cityscape Abu Dhabi 2008. The Abu Dhabi government said it plans to invest Dhs98bn ($27bn) on infrastructure, tourism and economic development projects in the region, which covers 60,000 square kilometres or 71% of the total land mass of the UAE or 83% of Abu Dhabi.
United Arab Emirates: Wednesday, May 14 - 2008 at 11:47

$1bn Salam Resort Bahrain unveiled
Sama Dubai, the international real estate investment and development arm of Dubai Holding, unveiled a scale model of the $1bn Salam Resort Bahrain to the public for the first time at Cityscape Abu Dhabi 2008. Phase one of the project will include a 288-room luxury beach hotel, seven waterfront hotel villas, a 20,000 sq/m conference centre and six royal villas on a private island. The second phase will encompass a residential community and retail outlets set in traditional suq style. The development is located 45km from Bahrain World Trade Centre and close to Bahrain International Circuit.
Bahrain: Wednesday, May 14 - 2008 at 10:52

Limitless Towers to be 'green'
Limitless, the real estate arm of Dubai World, said its new Limitless Towers in Jordan will be the kingdom's first 'green' buildings and provide annual cost savings of $2m a year. The 200 metre residential twin towers – the tallest in the country – will be the first in Jordan to meet strict international environmental standards, with a series of eco-friendly initiatives in the design, construction and maintenance of the buildings, according to a statement.
Jordan: Wednesday, May 14 - 2008 at 10:16

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