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Issue No 253 - 22 Jan 2008
Emaar launches Standpoint tower
Emaar Properties has strengthened its roster of premium residential projects within Downtown Burj Dubai. more
Sabban's 'Tuscan Tower' up for sale
Sabban Property Investments (SPI) has released 'Tuscan', the third tower of its luxury residential QR1.2 billion ($330 million)-development Sabban Towers for sale.
Gulf property prices 'to rise 20pc'
Real estate prices and rents in the Gulf Arab region may rise by up to 20 percent in 2008, due to higher labour and construction costs and delivery delays.more
Fakhruddin to build new Creek project
Fakhruddin Properties plans to build a Dh250 million ($68 million) residential freehold development on Dubai Creek. more

Emaar profit up 3pc to $1.79bn
Emaar Properties recorded a net profit of Dh6.575 billion ($1.790 billion) for 2007.

Snasco forays into Jordan property market
Snasco, one of the leading real estate firms in the region, to enter the Jordanian property market.more
Nakheel launches 'The Universe' in Dubai
Dubai-based Nakheel to develop a new cluster of artificial islands called 'The Universe', in the shape of the sun, moon and other planets. more
Homeowners to set service charges
Master developers will no longer be able to levy exorbitant service charges on freehold premises on the property owners as the new Condominium Law shifts the responsibility to the owners'. more
Al Mazaya to set up $137m realty firm
Al Mazaya, a leading property developer in the region, to establish a real estate company with a capital of QR500 million ($137 million) to launch a series of mega projects in Qatar. more

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