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Issue No 282 - 08 Sep 2008
 
 
Nakheel launches $1.2bn loan
Government-owned Nakheel Properties, developer of Dubai's palm-shaped islands, said it was launching a 4.4 billion dirham ($1.2 billion) syndicated loan. more
 
Dubai Properties employees to train under Rera
Dubai Properties Group, a member of Dubai Holding said it has signed a memorandum of understanding (MoU) with the Real Estate Regulatory Authority (Rera) to train the Group's employees in real estate regulations. more
 
 
Abu Dhabi banks face property fears: report
Growing exposure to the Gulf's overheated real estate sector is a growing concern for banks like First Gulf in Abu Dhabi, where funding conditions for financial firms are set to deteriorate, HSBC said. more
 
Asteco announces key appointment
Asteco has appointed Richard Angel, a real estate veteran, key advisor to GCC-based clients on investments in European and US markets as part of the company's efforts to bolster its global investment arm. more
 
Analysis: Dubai clamp 'good for long-term investors'
Dubai's highly publicized efforts to clean up its real estate market have dented investor confidence and sent property shares into steep decline but are likely to strengthen investor confidence in the long run. more
 
Ivory Tower investors 'get notices'
Investors in Saudi developer Sokook's infamous Ivory Tower project still get notices of contract cancellations, a report said. more
 
NREC eyes Syrian property market mulls sukuk
Kuwait's National Real Estate Company (NREC), a major investor in logistics firm Agility, wants to expand into markets from Syria to South Africa and is considering selling Islamic bonds later this year, its CEO said. more
 
Reef expands its management team
Reef - Real Estate Finance Company said it has expanded its management team, with the appointment of Ali Salem and Mukhtar Al Toblani into key positions. more
 
Dar Al-Arkan eyes bonus share, sukuk
The board of Dar al-Arkan Real Estate Development Company, the largest Saudi developer by market value, has proposed to issue one-for-three bonus shares to existing stockholders, the company said on Wednesday.more
 
 
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