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Issue No 267 - 12 May 2008
UAE debut for $3.5bn Moscow project
The Metropol Group, a major Russian developer will unveil a mammoth $3.5 billion sustainable development project being built in Moscow at the upcoming Cityscape expo in Abu Dhabi.more
Bonyan unveils $953m 'Eye of Ajman' project
Bonyan International Investment Group has announced the launch of its Dh3.5 billion ‘Eye of Ajman’ project, which comprises residential, office, hospitality and retail plots.more
Ajman firm unveils $408m Boulevard project
A member of Ajman Holding, has announced the launch of The Boulevard, Ajman; a $408 million mixed use master development marketed and sold through Gowealthy.com.more
Amlak in talks to buy $449m tower
Dubai-based mortgage lender Amlak Finance said on Wednesday it was in talks with First Dubai for Real Estate Development to acquire one of its buildings for about Dh1.65 billion more

Aldar inks Rezidor hotel deal
Aldar Properties has signed an initial agreement with The Rezidor Hotel Group to develop a Radisson SAS Hotel in Abu Dhabi on the luxury leisure entertainment destination Yas Island.more

Emaar launches sale of prime office space
Emaar Properties will launch the sale of a premium collection of commercial units within Downtown Burj Dubai and Dubai Marina, two world-class destinations, on May 8. more
Nakheel plans more debt, mulls foreign buys
Dubai government-owned property company Nakheel, which last week sold almost $1 billion of Islamic bonds, said it plans to tap the debt market again this year and is considering making acquisitions abroad.more
Emaar launches multi-billion Al Khobar Lakes
Emaar Middle East (EME), a subsidiary of Emaar Properties has rolled out the multi-billion dollar Al Khobar Lakes development in KSA with the launch of the first lakefront gated residential community.more
Mazaya eyes $172m profit from UAE project sale
Al-Mazaya Holding Company will make $172 million in profit from its sale of a real estate project in the United Arab Emirates, the Kuwaiti property developer said. more

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