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Issue No 274 - 14 July 2008
 
 
Al Fara'a plans $2.7bn new Dubai projects
Al Fara'a Properties has announced its plans to launch a series of new projects worth Dh10 billion ($2.7 billion) within Dubaiís most sought-after real estate destinations by the end of 2008. more
 
Select launches $1.5bn island project
UAE-based Select Group has announced the launch of its 5.5 billion dirham ($1.5 billion) private island development, Aquitainia, on The World archipelago off the coast of Dubai promoted by Nakheel. more
 
 
Downtown Burj Dubai homes on sale
Emaar Properties is offering homes in Downtown Burj Dubai for sale from July 12. more
 
Noor Islamic in key realty finance deal
Noor Islamic Bank entered into a financing agreement with Aldar Properties and Sorouh Real Estate, two of Abu Dhabiís largest developers, to provide up to a maximum of 90 per cent financing for their residential developments. more
 
Abu Dhabi buys key stake in iconic NY building
The majority ownership of New York City's iconic Chrysler Building has been sold to the Abu Dhabi Investment Council, marking the second time in less than two months that a Middle Eastern fund took a major stake in a high-profile Manhattan office building. more
 
ADCB unit plans $1.36bn housing projects
Abu Dhabi Commercial Properties (ADCP), the real estate affiliate of Abu Dhabi Commercial Bank (ADCB), has unveiled plans to develop 700 new projects providing 18,000 units at cost of Dh5 billion ($1.36 billion). more
 
UAE home loans almost double
Mortgage lending in the United Arab Emirates, which opened its property sector to foreign investment beginning in 2002, almost doubled in 2007 amid a building boom, central bank data showed on Wednesday. more
 
Nakheel auctions Dubai mansions
Real estate developer Nakheel has successfully completed its first-ever auction of private residences in Dubai. more
 
Hydra launches twin towers
Hydra Properties has announced the official launch of its iconic Hydra Twin Towers project at Jumeirah Village, Dubai. more
 
 
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