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Dubai Property

Emaar opens Jakarta office
Dubai-based property developer Emaar Properties has opened an office in the Indonesian capital of Jakarta. The office will lead the development of Emaar's first project in the country, the mega-tourism and mixed-use project in Lombok, and also explore new opportunities for growth, the company said in a statement.
United Arab Emirates: Thursday, May 08 - 2008 at 07:54

$2.86tr worth of projects underway in region
A total of 3,339 projects estimated to be worth more than $2.861tr are underway in the region, according to research by database company Proleads, which monitors construction projects across the Middle East. In Saudi Arabia alone, 1,026 projects have been launched worth $1.102tr. The top 5 projects by value in the kingdom are the King Abdullah Economic City $129.976bn, Economic Cities in Northern and Eastern Regions $60bn, Prince Abdulaziz bin Mousaed Economic City in Hail $53bn, Saudi Power Network $50b, and Jizan Economic City $30bn, reported Khaleej Times.
Middle East: Wednesday, May 07 - 2008 at 11:59

Emaar launches sale of commercial units
Emaar Properties will launch a new sale of commercial units in Downtown Burj Dubai and Dubai Marina on Thursday May 8. The offerings include waterfront offices such as The Extreme Waterfront Offices as well as units at Marina Plaza Office Tower located at the Dubai Marina Mall complex, and offices at Boulevard Plaza, located within Downtown Burj Dubai.
United Arab Emirates: Wednesday, May 07 - 2008 at 10:23

Qatar fund to invest in Asian property
Qatar Investment Authority, a $60bn sovereign wealth fund, plans to invest in real-estate projects in Asian cities and said is considering buying distressed U.S. property assets, reported Bloomberg. The QIA has been investing in property in the past 2 1/2 years to diversity its holdings. The fund's head of real estate said 40% of its real estate investments will be in Asia.
Qatar: Wednesday, May 07 - 2008 at 10:14

Nakheel eyes foreign acquisitions
Dubai-based developer Nakheel will be active in buying assets in distressed markets around the world by the end of this year, CEO Chris O'Donnell told Reuters yesterday. The company, which has sold more than $5.2bn of bonds during the past 17 months, also plans to tap the debt market again this year.
United Arab Emirates: Wednesday, May 07 - 2008 at 07:51

Jumeirah Living opens doors
Jumeirah Living, part of the Dubai-based Jumeirah Group, has cut the ribbon on its first project, the World Trade Centre Residence. The property will be ready to accept residents from August. Further properties are expected to come online this year.
United Arab Emirates: Tuesday, May 06 - 2008 at 09:24

Dubai Sports City launches Gateway twin towers
Dubai Sports City today showed off plans to build two 44 floor towers at the entrance to the development. Called the Gateway, the silver and black twin towers have been designed by Arif & Bintoak Consulting Architects and Engineers, who also worked on the Raffles Hotel at Wafi City in Dubai. The commercial towers will be located close to Emirates Road, providing access to the new international airport under development. A completion date was not given.
United Arab Emirates: Monday, May 05 - 2008 at 15:59

Nakheel's Veneto sells out
Nakheel has announced that its exclusive residential community, Veneto, comprising 716 units has sold out within five days of its launch. Handover for the first phase of villas is expected by the second half of 2009. Veneto will be made up of 1,400 villas and townhouses and 1,200 low rise apartments.
United Arab Emirates: Monday, May 05 - 2008 at 14:40