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Issue No 286 - 06 Oct 2008
 
 
Abu Dhabi real estate projects to hit $500bn
With the real estate and tourism sectors booming in Abu Dhabi, the total value of announced projects in the UAE capital is inching towards a whopping Dh1.83 trillion ($500 billion) mark. more
 
Mada'in plans exclusive preview at Cityscape
Mada'in Properties said it will launch an exclusive preview of multi-billion dollar projects - three new premium properties as well as some of its future projects and development plans - during Cityscape Dubai. more
 
 
Deyaar Q3 profit jumps 56pc
Dubai real estate developer Deyaar said its third-quarter net profit jumped 55.9 percent on growth in sales. more
 
DIFC launches real estate fund
DIFC Investments, the investment arm of the Dubai International Financial Centre (DIFC), said it is launching a real estate fund that will invest in Dubai and the UAE’s real estate sector. more
 
RAK offshore unveils big Cityscape plans
RAK Offshore plans to intensify its exposure to global entrepreneurs during the Cityscape Dubai 2008 exhibition. more
 
DWC hands over first plots for development
Dubai World Central (DWC), a multi-phase urban land development, has handed over the first plots of land to private developers to commence construction on their respective projects. more
 
Aldar gets $1.9bn project financing
Aldar Properties has borrowed Dh6.98 billion ($1.9 billion) this financial year for funding its projects, a senior company official was quoted as saying. more
 
Marine Legends to offer waterfront lifestyle
ACI Real Estate said its Marine Legends project is offering a total waterfront lifestyle, the first ever complete home-yacht-berthing package unveiled in Dubai. more
 
Al-Shoala, Emaar ink $7bn Saudi real estate JV
Al Shoala Group of Establishment has announced a SR27 billion ( $7 billion) joint venture project with Emaar Properties to develop a 31 million sq m master-planned community, Rawabi Rumah, located near Riyadh.more
 
 
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