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Dubai Property

RERA to train Dubai Properties' staff
Employees of Dubai Properties Group, a member of Dubai Holding, will receive training from Dubai's Real Estate Regulatory Authority (RERA)under a new agreement reached between the two entities. The two-day programme, to be offered starting the month of October, will cover real estate regulations and guidelines on property transactions and effective communications with clients and investors. The RERA-certification will qualify employees to function as well-informed real estate professionals in their respective areas of business.
United Arab Emirates: Thursday, September 04 - 2008 at 11:58

Nakheel mulls IPO
Nakheel, the Dubai-owned developer of the world's biggest man-made islands, plans to make a decision in the next 12 months as to whether it will launch a public listing, the company's CEO Chris O'Donnell told Reuters. An IPO could make Nakheel one of the biggest companies in the Gulf, comparable to listed rival Emaar, which has a market capitalisation of around $15bn.
United Arab Emirates: Thursday, September 04 - 2008 at 08:30 |

Egyptian tycoon charged with murder
Egyptian real estate tycoon Hisham Talaat Mustafa was charged on Tuesday with paying $2m for the brutal killing of Lebanese pop singer Suzanne Tamim in a Dubai flat in July. Tamim, 30, was stabbed several times and her throat cut, allegedly by a retired policeman paid by Mustafa. Mustafa runs the Talaat Mustafa Group real estate conglomerate, worth several billion dollars. He is also a stalwart of the ruling National Democratic Party and member of the Shura Council Egypt's upper house of parliament.
Egypt: Wednesday, September 03 - 2008 at 08:17 |

Ivory Tower investors get cancellation threats
Investors in the much-maligned Ivory Tower project in Dubai continue to be threatened with cancellation of their contracts, reported Gulf News. One investor said that although Dubai's Real Estate Regulatory Authority is backing investors, Saudi developer Sokook is still sending 14-day notices instructing investors to pay the remaining 90% on their units or the contracts will be cancelled.
United Arab Emirates: Tuesday, September 02 - 2008 at 08:40 |

NSCC wins work for Dubai Lagoon
Schön Properties has hired NSCC for an additional shoring and enabling works, costing Dhs27.5m to handle Zones Two to Eight of the Dubai Lagoon project. The company said on site mobilization will begin in a fortnight once all permits have been processed. Works are expected to finish approximately six months including site preparation, shoring works, and the excavation of 600,000 cubic metres of sand.
United Arab Emirates: Monday, September 01 - 2008 at 14:58

Tameer Towers work to cost Dhs6bn
Tameer and Sorouh has finalized the construction contract agreement for Tameer Towers with the joint venture of Al Habtoor Engineering/ Murray & Roberts/ Al Rajhi Projects for a cost of Dhs6bn. The total cost of the project has reached Dhs8bn. Tameer Towers is located in SHAMS Abu Dhabi, one of the main development in Al Reem Island.
United Arab Emirates: Monday, September 01 - 2008 at 14:45

Burj Dubai touches 688 meters
Emaar Properties has announced Burj Dubai's new record height, touching 688 meters (2,257.2 ft). The tower became the world's tallest after surpassing North Dakota, USA's KVLY-TV mast (628.8 metres; 2,063 ft) in April 2008. The tower is currently at over 160 storeys, the largest number of floors in any building.
United Arab Emirates: Monday, September 01 - 2008 at 13:59 |

Corrections seen in Dubai property
Corrections are seen to be the way to go for Dubai's property sector, according to a top asset management company official, cited by Gulf News. Shehab Gargash, CEO of Daman Investments dismissed the idea of a crash. Some developers also agree that prices are unreasonably high. Overall, the recent slowdown in the market is seen as a temporary shake up with continued growth to come.
United Arab Emirates: Monday, September 01 - 2008 at 10:26 |