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  <description>2006 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>Emaar on track in Damascus</title>
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    <pubDate>Sun, 31 Dec 2006 13:05:18 +0400</pubDate>
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        Emaar Properties is on schedule with the construction of the presentation centre for its $500m Eighth Gate project in Damascus. The mixed use development broke ground in June and the design for two office buildings and four residential cum commercial buildings is in progress. The presentation centre is due to be ready in Q1 and is currently 60% complete.
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    <title>Delays may hit Dubai rents</title>
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    <pubDate>Sun, 31 Dec 2006 09:18:01 +0400</pubDate>
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        Dubai based property experts believe the series of delays affecting many construction projects in the city will prevent any major downturn in rental prices next year, reported Gulf News. Although a number of projects should be handed over in 2007 including International City and the Jumeirah Beach Residence, it is thought that supply will only meet existing demand and will not create any surplus in the market.
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    <title>Bin Laden, $250m airport deal</title>
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    <pubDate>Sun, 31 Dec 2006 08:41:53 +0400</pubDate>
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        Saudi Arabia's Bin Laden Group, in partnership with France based Aeroports de Paris, has been awarded a $250m contract to develop a lounge for Hajj pilgrims at the King Abdul Aziz International Airport, reported Arab News citing the Arabic daily Asharq Al Awsat. The International Finance Corporation, the private sector arm of World Bank, handled the bids for the project which will be developed on a build-operate-transfer basis.
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    <title>RAK rents cause divorce</title>
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    <pubDate>Sun, 31 Dec 2006 07:58:57 +0400</pubDate>
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        Spiralling rental increases in Ras Al Khaimah have become a factor in marriage break-ups, with about 10% of the 386 registered divorce cases citing the high cost of living as the main reason for the split, reported Gulf News. A number of newly married couples have sued for divorce because husbands cannot afford decent accommodation. Some places in RAK saw rent hikes of 100% before a 15% cap was implemented.
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    <title>Costly raw materials in Qatar</title>
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    <pubDate>Sat, 30 Dec 2006 13:27:04 +0400</pubDate>
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        Prices of building materials in Qatar which spiked due to the frenzied bout of construction work prior to the Asian Games have yet to cool, reported The Peninsula. But industry experts believe prices should ease after the Eid Al Adha holidays. Both cement and steel have recently seen 25% price hikes and the former is still in short supply.
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