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Issue No 293 - 05 Jan 2009
 
 
Qaryat Al Beri souk phase 2 ready
Qaryat Al Beri Resort Development Company, a joint venture between Al Jaber Group and Tourism Development and Investment Company (TDIC), said the second phase of the souk at Qaryat Al Beri is now open and available for lease. more
 
Emaar to 'start new chapter in 2009'
Emaar Properties will start a new chapter in its growth story in 2009 by evolving strategies to face the challenges posed by the global financial crisis and exploring new opportunities, said its chairman Mohamed Alabbar. more
 
 
Tamweel, Amlak assets assessment by Feb end
A government body evaluating the assets of troubled Dubai mortgage firms Tamweel and Amlak, due to merge under the newly created Emirates Development Bank, will complete its work early next year, said a report. more
 
70% ‘Ajman Uptown’ sold out
Sweet Homes, a leading UAE-based developer and multi-service provider to the real estate sector, has announced that it has sold out 70 per cent of its Dh3 billion ($817 million) ‘Ajman Uptown’, the first freehold residential township in Ajman. more
 
DQG picks Dubai Land dept as investor partner
Dubai Quality Group (DQG) has signed a partnership agreement confirming Dubai Land Department (LD) as its newest investor partner. more
 
DED, Rera ink co-operation agreement
The Dubai Department of Economic Development (DED) and Dubai’s Real Estate Regulatory Authority (Rera) have signed a co-operation agreement to facilitate all licensing procedures related to the real estate sector. more
 
UAE regulator cancels Emaar buyback approval
The UAE stock market regulator said on Wednesday it has cancelled Emaar Properties' 10 per cent share buyback license after the firm failed to buy shares in time. more
 
Juffair project opens show apartment
Crystal Heights, a BD18 million ($47.7m) freehold residential development in Juffair, has opened the doors to its specially constructed offsite show apartment. more
 
Sakana wins top honors
Bahrain-based Sakana Holistic Housing Solutions has been awarded the Best Islamic Mortgage Provider of the Middle East at the International Real Estate Finance Summit 2008 in London, organized by ICG Events.more
 
 
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