Real Estate

and Construction News

Related Content

Dubai Property

Arabtec wins Emaar-Bawadi villas
Arabtec Construction has won the Dhs1.6bn contract from Emaar-Bawadi joint venture for the design and construction of 1437 villas in Dubailand. Delivery in phases is expected over a period of 37 months. The company has reported a total of more than 10,000 villas currently under construction.
United Arab Emirates: Monday, August 04 - 2008 at 09:17

Dubailand deals hit Dhs330m
Land transactions in Dubai has peaked on Sunday at Dhs330.11m with sales exceeding Dhs171.19m, Gulf News has reported. Dubai Land Department has recorded Dhs158.91m in mortgages and 17 sale transactions. Al Barsha First was sold for Dhs27.8m and was the biggest deal for the day.
United Arab Emirates: Sunday, August 03 - 2008 at 16:52 |

Fines for developers of 'fictitious' tower
Ajman Municipality has fined a real estate developer and consulting company Dhs100,000 each for selling units in a fictitious project, according to a Khaleej Times report. The companies had posted adverts for the 95-storey Al Manara Tower, claiming that it would be the tallest building in the emirate. Ajman Municipality has since said that the tallest approved building is of 62 storeys, and investors who have been sold fake units are encouraged to contact them to help recoup their money.
United Arab Emirates: Sunday, August 03 - 2008 at 16:32

Peace Tower to rise in Ajman
Ras Al Khaimah-based Peace Builders and Developers has launched its maiden project, the Peace Tower - in Ajman, Gulf News has reported. The Dhs60m freehold residential project will be built in Ajman's Marmooka City.
United Arab Emirates: Sunday, August 03 - 2008 at 09:13

Durrat Marina moves ahead
Reclamation work at the Durrat Marina, a 21-square kilometre master development spreading over a cluster of 15 islands, has finished. The marina will cater to over 3,000 residences consisting of waterfront villas, town houses, apartments, and commercial and recreational facilities and will be designed to accommodate over 300 boats and yachts.
Bahrain: Sunday, August 03 - 2008 at 09:09

New CEO for DIFC Lifestyle
The Dubai International Financial Centre (DIFC) has recently appointed Abdulla Bin Hamad Bin Sougat as Chief Executive Officer of DIFC Lifestyle Group, the DIFC's new division, which develops and manages lifestyle properties. DIFC Lifestyle Group is set to expand its offering in DIFC to include five-star hotels, exhibition facilities, theatres and residential facilities.
United Arab Emirates: Saturday, August 02 - 2008 at 09:49

Cityscape sparks speculation frenzy
Abu Dhabi office rents have witnessed significant increases, with prices climbing on average 27% since April 2007. According to the Better Homes' Commercial Review Quarterly Update, Cityscape Abu Dhabi sparked a 'speculative buying frenzy', but developers are now trying to stop properties being flipped many times over before they have even been completed. The report said the shortfall in office space in the capital was highlighted by the launch of the AL Dana development in the Al Raha Beach area, which went for Dhs4,400 per square foot.
United Arab Emirates: Thursday, July 31 - 2008 at 12:54 |

Bargaining to return for Dubai office prices
The Dubai office market continues to grow, but as more come online, some bargaining power will return to tenants, according to the latest Better Homes' Commercial Review Quarterly Update. This will particularly be the case in Business Bay and DIFC, the report says. Secondary office space costs around Dhs220-Dhs300 per square foot, with primary space at Dhs 250-Dhs450 per square foot.
United Arab Emirates: Thursday, July 31 - 2008 at 12:52 |