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Issue No 290 - 10 Nov 2008
 
 
Emaar extends mortgage repayments
Emaar Properties said on Friday it had started extending the time period for customers to repay mortgages as liquidity constraints in the local banking sector had made it harder for customers to secure home finance. more
 
GGICO unveils Axis Residences phase 3
Gulf General Investment Company (GGICO), one of Dubai's leading diversified group of companies, reiterated its commitment to the UAE real estate sector with the launch of the third phase of Axis Residences in Dubai Silicon Oasis. more
 
 
Goldcrest towers sale nets $408.3m
Goldcrest Properties, a member of one of the leading property developers in the region, Giga Group, has reported sales of Dh1.5 billion ($408.3 million) from Smart Towers, a freehold residential development comprising eight luxury residential towers. more
 
UAE real estate crunch 'boon for end users'
Majority of the residents in the UAE feel that the present downturn in the real estate sector will ultimately benefit the end users, says a new survey. more
 
Gulf investors eye India 'real estate boom'
The real estate giants in Gulf countries have shunned India’s economic indicators and are digging in for the long haul as India’s real estate market is estimated to grow to $60 billion by 2010, said a real estate market expert. more
 
$250m Jeddah Eye contract signed
The Jeddah City Development Company has signed an agreement with Singapore-based Great Wheel Corporation for the construction of $250 million Jeddah Eye development project. more
 
Capivest unveils new luxury home project
Capivest, one of the region’s emerging Islamic investment institutions, has announced the launch of “Saar Central”, a brand new modern and luxurious villa community for the Kingdom of Bahrain. more
 
Maleb named Emaar Pakistan chief
Emaar Pakistan, the country subsidiary of Dubai-based Emaar Properties, has appointed Dr Dia Malaeb, as its new chief executive officer. more
 
Diyar hails exhibition success
Property Arabia gold sponsor Diyar Al Muharraq has celebrated its first successful participation in the real estate exhibition.more
 
 
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