Real Estate

and Construction News

Related Content

Dubai Property

Arabtec secures Dh3bn deal
Arabtec Construction has been awarded a Dh3bn ($816m) deal to build 1,500 homes at Nakheel's Al Furjan development in Dubai. The deal is the company's largest UAE contract so far this year. Construction on the villas and terraced homes will begin in August, with the first completions expected in late 2010.
United Arab Emirates: Sunday, June 08 - 2008 at 08:09

Gulf Finance to build housing projects in Morocco
Bahrain-based Gulf Finance House plans to build two residential and tourism resorts in Marrakech and Tangiers at a cost of $1.6bn, reported Bloomberg. Royal Ranches Marrakech and Royal Resort Cap Malabata, which will be completed in five years, are to be built on a 380-hectare and a 113 hectares plots and cost $1bn and $582m respectively.
Bahrain: Saturday, June 07 - 2008 at 09:48

Dubai property buyers have right to visa
Dubai officials have confirmed that people anyone who buys a freehold property in the emirate is fully entitled to a residence visa in the emirate through the master-developer, reported Gulf News. In recent weeks there has been widespread concern among property buyers about this issue, with some believing that master developers had broken the contract as visas had not been issued.
United Arab Emirates: Saturday, June 07 - 2008 at 08:05

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 |