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  <description>2003 news and features</description>
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  <copyright>(c) 1996-2009 AME Info FZ LLC / Emap Limited. All rights reserved.</copyright>
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    <title>Meadows, Springs, location premiums</title>
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    <pubDate>Wed, 31 Dec 2003 09:17:49 +0400</pubDate>
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        The best locations in the Meadows and Springs developments by Emaar Properties in uptown Dubai are commanding 10-20 per cent premiums. Agents say that a differentiation in the marketplace is marking out the better locations for higher prices while other prices remain unchanged.
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    <title>CBD, USD68m Park Place deal</title>
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    <pubDate>Wed, 31 Dec 2003 08:45:21 +0400</pubDate>
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        The Commercial Bank of Dubai is to participate in the USD68m funding of the Park Place tower being developed by Bin Drai Enterprises on the Sheikh Zayed Road. Work on the 60-storey Park Place started in September and completion is scheduled for 2006.
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    <title>Dubai agents upbeat on 2004</title>
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    <pubDate>Tue, 30 Dec 2003 09:09:48 +0400</pubDate>
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        Dubai real estate agents are optimistic about the outlook for 2004, with the uptown area around the Palm Island the fasting growing residential district. But some feel the supply of new property will begin to put pressure on rental yields, though this has not been felt yet except in certain locations.
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    <title>New Dubai district cooling JV</title>
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    <pubDate>Tue, 30 Dec 2003 08:15:17 +0400</pubDate>
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        The Dubai Electricity and Water Authority and Dubai Technology and Media Free Zone have formed a joint venture called Empower with a capital of USD136m to offer district cooling services. Empower will start with the massive Jumeirah Beach Residence as its first client.
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    <title>Port Saeed, redevelopment plan</title>
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    <pubDate>Mon, 29 Dec 2003 08:44:02 +0400</pubDate>
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        Dubai Municipality has rolled out plans to regenerate the Port Saeed area of the inner city covering 30,000 hectares. Existing buildings in the area will be demolished with compensation for landlords according to rental values. Officials said the financial return on property would be higher after the redevelopment.
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