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Issue No 288 - 20 Oct 2008
 
 
Dubailand breaks ground for Palmarosa project
Dubailand, the most ambitious leisure, tourism and entertainment destination and a member of Tatweer Dubai, on Saturday broke ground for its Dh1.5 billion ($408.4 million) Palmarosa project. more
 
Nakheel H1 profit surges to $771m
Dubai government-owned developer Nakheel said on Thursday first-half profit surged to 2.83 billion dirhams ($770.5 million) on higher sales. more
 
 
Mizin unveils first boutique villa community
Mizin, the real estate development arm of Tatweer, has unveiled a contemporary, boutique villa community offering a ‘limited edition’ signature lifestyle. more
 
Istithmar World opens NY office
In a move highlighting the company’s global approach to investment and its growing focus on exceptional opportunities worldwide, Istithmar World, the investment arm of Dubai World, has opened its second international office in New York City. more
 
Zabeel unveils new Dubawi Island
Zabeel Properties, the property arm of Zabeel Investments, has unveiled Dubawi Island Resorts and Spa resort, a stunning new island development being built off the crescent of Palm Jumeirah. more
 
Emaar signs 'Burj Dubai Opus' deal
Emaar Properties has signed an exclusive publishing contract with Kraken Opus, a leading publisher recognized for luxury publications on epic subjects in an epic scale, to create the Burj Dubai Opus, a definitive account charting the creation of the iconic tower. more
 
Slowing real estate worries Gulf Islamic banks
With their ban on interest, the Gulf Islamic banks that managed to avoid the types of debt which proved toxic for their conventional counterparts are now praying the global crisis will bypass their property holdings. more
 
Banan Saar sales launched
Bahrain-based real estate company Abaad started sales of its first residential project in Bahrain, Banan Saar Villas, on Tuesday. more
 
Bipex to focus on key projects
A draft law urging legislation warranting real estate development in Bahrain has come under the spotlight.more
 
 
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