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Issue No 258 -26 Feb 2008
ACI sees Dubai investments at $2.7bn
ACI Real Estate's investment bourse for the emirates is valued at a staggering Dh10 billion ($2.72 billion) scheduled for both Dubai and Abu Dhabi prime property development.more
Rakeen's Bab Al Bahr project on track
Rakeen to schedule the construction of its international standard apartment units within Bab Al Bahr.
Nakheel plans $2.72bn in REITS
Nakheel Group is thinking about creating real estate investment trusts (REIT) with asset values of up to Dh10 billion ($2.72 billion).more
IGY names Horrigan new MEA chief
Island Global Yachting (IGY), has announced the appointment of Michael Horrigan as the organization's new chief executive officer for Middle East and Europe. more

Marina West opens sales office
Marina West, Bahrain's iconic new residential development on the kingdom's West coast, has opened its state-of-the art sales centre. more

Qatar freezes rents for two years
atar's revised rent law forbids landlords from raising rents for the next two years.more
Habiba launches Cairo project
Habiba Real Estate,to proceed with further international expansion with the launch of Habiba Real Estate in Cairo. more
Nakheel snaps up 50pc stake in Mexican resort
Nakheel Hotels to buy a 50 per cent stake in Mexican resort, One & Only Palmilla in Los Cabos, based on a total enterprise value of $315 million.more
Al Mazaya net surges to $113m
Al Mazaya Holding net profit soared to Dh417,871,453 ($113 million), up from Dh300,246,107 in 2006. more

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