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<copyright>(c) 1996-2008 AME Info FZ LLC. All rights reserved!.</copyright>
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<title>Dubai housing market overheating</title>
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<pubDate>Thu, 24 Jul 2008 09:35:40 +0400</pubDate>
<description><![CDATA[Standard Chartered Bank is warning that Dubai's housing market is becoming overheated, particularly in the off-plan sector. The signs of overheating, it said, are related to the 'ultra loose monetary conditions which distort economic incentives and encourage risk-taking behaviour'. It says the government needs to address speculative behaviour.]]></description>
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<title>Dubai rent increases slow</title>
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<pubDate>Wed, 23 Jul 2008 14:59:14 +0400</pubDate>
<description><![CDATA[No significant residential rental increases were seen in the second quarter in Dubai, following a pattern that began in the first quarter of this year, according to property services company Asteco&#039;s quarterly real estate report. However, year-on-year average residential rents in Dubai climbed by almost 22%. Sheikh Zayed Road continues to be one of the most coveted residential areas, recording the highest annual rental growth of 51%. Bur Dubai and Ghusais areas follow close with yearly rent increases of 42% and 40% respectively.]]></description>
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<title>Limitless to build Jordan&#039;s tallest towers</title>
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<pubDate>Wed, 23 Jul 2008 07:33:48 +0400</pubDate>
<description><![CDATA[Dubai-based developer Limitless has announced that Sanaya Amman, its $300m twin tower project in Amman, will be Jordan&#039;s tallest building with a height of more than 200 metres. Unveiled in February under the name Limitless Towers, Sanaya Amman, which is located in the Abdoun district of Amman, will also be the first in Jordan to meet world environmental standards, with a host of eco-friendly initiatives that will save $2m a year in running costs, the developer said.]]></description>
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<title>Kuwait real estate sales jump in June</title>
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<pubDate>Tue, 22 Jul 2008 15:13:37 +0400</pubDate>
<description><![CDATA[Real estate sales in Kuwait saw a significant jump in June following a sharp drop the previous month, according to a report by National Bank of Kuwait. A total of 432 sales transactions were registered at a value of KD 177.4 million. Although unit sales and values were up by 30% and 22% respectively from the previous month, they were down 53% and 28% respectively on a year ago. June's strong performance was largely due to a buoyant month in the apartments and commercial property segment, which saw sales rise 28% by value and 63% by number of units sold, the report said.]]></description>
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<title>Pearl of Kuwait Real Estate profit up 72%</title>
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<pubDate>Tue, 22 Jul 2008 14:50:35 +0400</pubDate>
<description><![CDATA[Pearl of Kuwait Real Estate, a Kuwaiti property investment firm, has reported that its second-quarter profit increased 72%, reported Bloomberg. Net income climbed to 8.1 million dinars ($30.5m), or 32.2 fils a share, from 4.7 million dinars, or 21 fils, a year earlier, the company said. First-half profit more than doubled to 12 million dinars.]]></description>
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