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    <title>Deyaar postpones distressed fund</title>
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    <pubDate>Tue, 09 Feb 2010 13:27:57 +0400</pubDate>
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        Dubai-based developer Deyaar has delayed a Dhs500m ($136.1m) distressed property fund after international investors withdrew Dhs200m previously committed, the National has reported. The company launched the fund last summer to buy distressed properties from its own portfolio as well as other properties, as it looked to boost returns for shareholders. 'It is the wrong time for Deyaar to go out and try to raise the funds from the international community,' the firm's Chief Executive Markus Giebel told the daily. 
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    <title>Al Mazaya sells Saudi property</title>
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    <pubDate>Tue, 09 Feb 2010 11:36:04 +0400</pubDate>
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        Kuwait-based developer Al Mazaya Holding it has earned SR23.1m in profit from the sale of a property in Saudi Arabia, Reuters has reported. The profit from the SR104.6m sale will be added to the firm's first-quarter results, the developer said.
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    <title>Egypt's Orascom eyes project in Iraq</title>
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    <pubDate>Tue, 09 Feb 2010 11:27:44 +0400</pubDate>
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        Egypt's Orascom Housing Communities, a subsidiary of Swiss-based Orascom Development Holding, is in talks with the Iraqi government to buy land for a budget housing project, al-Mal newspaper has reported. The company is looking at two plots, one in Taji in central Iraq and the other in Basra in the south, and is waiting for the Iraqi government to state their price before choosing between them. Each is 9 million square metres, according to the daily. 
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    <title>Mubadala seeks $1.2bn Sowwah Square financing</title>
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    <pubDate>Mon, 08 Feb 2010 13:07:29 +0400</pubDate>
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        Abu Dhabi's Mubadala Development Co plans to approach banks for a $1.2bn project finance loan to fund the development of the Sowwah Square project on the capital's Sowwah Island, Meed has reported. Once developed, the island will contain the Abu Dhabi Securities Exchange headquarters, several office towers and two five-star hotels.
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    <title>Burj Khalifa closes observation deck temporarily</title>
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    <pubDate>Mon, 08 Feb 2010 11:12:50 +0400</pubDate>
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        The Burj Khalifa observation deck has been temporarily closed for maintenance work, Gulf News has reported. 'Due to unexpected high traffic, the observation deck experience at the Burj Khalifa, At the Top, has been temporarily closed for maintenance and upgrade,' a spokesperson told the daily. 'Technical issues with the power supply are being worked on by the main and sub-contractors and the public will be informed upon completion.' 
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