Dubai Real Estate - Dubai Property

Factory set to be upgraded in $27mn deal

admin — Mon, 01 Sep 2008 00:09:03 +0000

Saudi firm aims to take advantage of booming construction industry with Abu Dhabi move.

BUiD beefs up sustainable design knowledge

admin — Mon, 01 Sep 2008 01:09:06 +0000

The British University in Dubai has collaborated with the University of Cardiff in a bid to boost knowledge of sustainable design of the built environment among Dubai students.

UAE firms team up to fight poverty

admin — Mon, 01 Sep 2008 03:09:13 +0000

Companies announce partnership to donate money to help build homes for those in poverty.

The Palm Golden Mile in progress

admin — Mon, 01 Sep 2008 00:09:47 +0000

Al Shafar General Contracting said that The Palm Golden Mile project is progressing as scheduled and is set for completion at the beginning of 2009. ASGC further revealed the construction materials being poured in the project consist of 200,000m3 of concrete, 40,000 tons of steel reinforcement, 6,250,000 blocks, 700,000m2 of plaster work and one million m2 of paint. The Palm Golden Mile is located on the trunk of The Palm Jumeirah and will host international shopping, residential and office destination covering 60,000 square meters.

ACI, Ferreti in Waterfront deal

admin — Mon, 01 Sep 2008 03:09:38 +0000

ACI Real Estate and Ferretti Group has launched two waterfront properties recently, the Ferretti Luxury Beach Residence and Pershing Luxury Beach Residence situated at the Waterfront. The properties are valued at about Dhs6bn, sprawling 1,969,607 sqft of saleable area. Ferretti Luxury Beach Residence twin tower will have over 44 floors each, while Pershing Luxury Beach Residence will have over 41 floors, with individual retail units at the ground floor of each tower.

Lagoon boss: ‘Delays were beyond our control’

admin — Mon, 01 Sep 2008 01:09:13 +0000

EXCLUSIVE: Schon Properties VP explains all over much-delayed Dubai project.

MBR Gardens to feature waterways

admin — Mon, 01 Sep 2008 01:09:59 +0000

Renowned architect Eric Kuhne of London-based CivicArts said in a statement that water will be the lifeblood of the Mohammed Bin Rashid Gardens, pumped through a network of canals, pools and waterways. With over 150 km of waterfront and wetlands, the Central Union Canal will be designed to give the city’s ecosystem the capacity to support a range of living creatures.

Corrections seen in Dubai property

admin — Mon, 01 Sep 2008 01:09:45 +0000

Corrections are seen to be the way to go for Dubai's real property sector, according to a top asset management company official, cited by Gulf News. Shehab Gargash, CEO of Daman Investments dismissed the idea of a crash. Some developers also agree that prices are unreasonably high. Overall, the recent slowdown in the market is seen as temporary shake up but onwards to continued growth.

Damac’s The Lofts begins work

admin — Mon, 01 Sep 2008 01:09:15 +0000

Damac Properties announced it has started the construction works for 'The Lofts', Damac's second Abdali-based project in Jordan. The JD53m contract was awarded to Arabtec-EEC JV, targeting completion date by the end of 2010.

Depa Limited net profits up by 75%

admin — Mon, 01 Sep 2008 03:09:15 +0000

Depa Limited, the world’s largest interior contractor recently reported its results for the six months ended 30 June 2008.