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  <description>2007 news and features</description>
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    <title>50,000 shortfall in Qatar</title>
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    <pubDate>Mon, 31 Dec 2007 14:24:53 +0400</pubDate>
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        The Chairman of Qatar's Barwa Real Estate Company, Ghanem Saad Al Saad, has said the country has a shortfall of 50,000 housing units in the middle to high-end income bracket, reported The Peninsula. Al Saad added that he had no idea when rental rates might ease and said Barwa had received applications from 11,000 people seeking to rent 1,984 two and three bedroom apartments due to be completed next April.
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    <title>National Properties, DIB deal</title>
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    <pubDate>Mon, 31 Dec 2007 14:06:45 +0400</pubDate>
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        National Properties, the wholly owned real estate subsidiary of the UAE's National Bonds Corporation, has signed a financing agreement with the Dubai Islamic Bank (DIB). The DIB will offer shariah compliant mortgage packages to investors at National Properties' current and future developments, including the ongoing $408m Skycourts which is being built in Dubailand. National Properties also recently launched the Flamingo Creek development at the Lagoons in Dubai.
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    <title>Dubai agency registers 400</title>
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    <pubDate>Mon, 31 Dec 2007 09:31:18 +0400</pubDate>
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        Dubai's Real Estate Regulatory Agency (RERA) has licensed around 400 real estate developers, reported Emirates Business 24/7. The majority of the 400, which includes major firms like Emaar Properties and Nakheel, have also established escrow accounts to protect investors' money while their homes are being built. RERA CEO Marwan Ahmed bin Ghalita said the registration process has added greater transparency to the sector.
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    <title>Coconut Island taking shape</title>
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    <pubDate>Mon, 31 Dec 2007 08:01:44 +0400</pubDate>
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        Abu Dhabi's Aldar Properties has now completed a substantial amount of the land reclamation work and dredging for Coconut Island, its island resort and residential development located off of the capital's west coast. The project, a joint venture with the National Corporation for Tourism and Hotels, is expected to be completed in 2010. Denniston International Architects and Planners has been appointed and the master plan has been approved.
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    <title>Mexican Waves underway</title>
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    <pubDate>Mon, 31 Dec 2007 07:29:08 +0400</pubDate>
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        The UAE's Hydra Properties has commenced work on the first phase of its Hydra Waves development at Mazatlan in northern Mexico. The project will see the construction of the 37 storey Hydra Waves Tower, a 26 storey five star hotel and other multi-storey buildings earmarked for time share opportunities. The development was first unveiled in June.
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