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Follow the Middle Eastern property boom with expert news and analysis on the real estate sector. See how the regions construction companies and property developers are performing with up-to-the-minute news, video and audio.
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Work begins on Al Marjan Island Phase II
United Arab Emirates
Ras Al Khaimah property developer Rakeen announced it is set to commence Phase II of its infrastructure work on Al Marjan Island. The contract was awarded to Rizzani to complete the works in 18 months, covering Island 3 and Island 4 of Al Marjan at a cost Dhs365m. Al Marjan Island is the first man-made island in the emirate of Ras Al Khaimah.
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Real Estate and construction press releases
Barwa Property Management opens applications for Barwa Village residential and commercial units
Qatar
Barwa Property Management has announced through the Barwa Village administration office that the start of the Barwa Village application process for all tenants living in the Mohamed Bin Jassim-Mushaireb area (All Phases) will take place between 5th and 29th July.
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Analysis
Dubai prices rise, but analysts warn against over-optimism
United Arab Emirates
The average prices for houses in 13 major locations around Dubai increased by 6.5% in June, compared to the average for the previous month, although analysts said that this did not mean that falls in the emirate’s property market were over.
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- » Saudi real estate regulations to follow Dubai model
- » Dubai property laws still in need of clarification
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