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Issue No 275 - 21 July 2008
 
 
M Holding acquires Dh615m freehold plots in Dubai's Mirdif
M Holding, the property development arm of the Mundia Group, has acquired 15 freehold plots in Mirdif, Dubai, for a total investment of Dh615 million, the company said in a statement on Saturday. more
 
Al Fara'a unveils Dh1b tower project in Dubai
Al Fara'a Properties, a subsidiary of Al Fara'a Construction, Industrial and Property Group, has announced the launch of Dh1 billion Burj Al Fara'a, a commercial tower located in the commercial business district of Jumeirah Village. more
 
 
Pearl Dubai to develop Dh2.5b Baccarat projects
In a move to bring a touch of Parisian glamour to the UAE, Pearl Dubai, a consortium of investors developing the Dubai Pearl, has announced the development of a Dh2.5 billion Baccarat Hotel and Residences. more
 
Emaar profit rises but feels heat of weak global trend
Emaar Properties is feeling the impact of recession in foreign markets, but reported about seven per cent rise in its quarterly profit. more
 
Dubai residential prices could ease in 2010 on demand-supply balance
House prices in Dubai are set to moderate in 2010, as supply and demand begin to strike a balance, according to industry analysts. more
 
Awali unveils major projects in Ajman
Awali Real Estate Investment announced the launch of four towers valued at Dh1.2 billion located within the Dh20 billion Awali City in Ajman. more
 
National Bonds inks deal with Deyaar
National Bonds announced yesterday the signing of an agreement with Deyaar Development to transfer the development and management rights of National Bonds' real estate projects, Sky courts and Flamingo Creek, to Deyaar. more
 
Saudi Arabia's Savola plans $1.7b expansion
Saudi Arabia's Savola Group said on Saturday it would invest 6.5 billion Saudi riyals ($1.7 billion) by 2010 to expand after it said it would buy 80 per cent of Pakistan's third largest edible oil maker. more
 
King Abdullah City to be an urban model
The King Abdullah Economic City will be a model community for a country with unemployment, poor urban planning and infrastructure problems despite its famed oil wealth, its developer said this week. more
 
 
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