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Issue No 307 - 11 May 2009
 
 
Noor, Philips partner for business
Noor International Holding (Noor), a leading real estate developer, and Philips Electronics Middle East and Africa, have signed a memorandum of understanding (MoU) towards jointly developing business opportunities. more
 
Manara appoints new director
Manara Developments, a Bahrain-based real estate development company, has recently appointed a new managing director, who will manage the company’s strategic expansion plans and real estate portfolio on a wider regional level. more
 
 
Dubai rents to fall in '09 as expats leave
Rents and occupancy rates in Dubai will fall in 2009 as expatriates leave the Gulf Arab region's business hub as a result of the global economic downturn, CB Richard Ellis said on Thursday. more
 
Sakana Q1 net profit raises 126pc
Bahrain-based Sakana Holistic Housing Solutions posted a net profit of BD245,000 ($649,919) in the first quarter of this year, a 126 per cent increase compared to the same period last year.more
 
Rakeen to handover Al Wadi resort in July
Rakeen, a leading property developer and master planner, said that the Banyan Tree Al Wadi resort project in Ras Al Khaimah, will be ready for handover to the operators in July, two months ahead of the scheduled September opening. more
 
Durrat to be managed by property leader
Durrat Arriyadh, the first gated residential neighborhood in Saudi Arabia, will receive management and technical support from Al Khozama Management Company (AKMC), a leader in the development and management of luxurious commercial properties.more
 
The Wave, Muscat picks German partner
The Wave, Muscat, the $4 billion Omani Integrated Tourism Complex, has selected German online collaboration solution think project! For web-based information and document management services.more
 








 
 
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