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Issue No 312 - 24 Nov. 2009
Tasweek acquires DIFC Liberty House
Tasweek Real Estate Development and Marketing said it has acquired a prime commercial property in Liberty House, a 42-storey mixed-use office and apartment structure within the Dubai International Financial Centre (DIFC).more
Bahrain Bay to invest $5bn in economy
The $2.5 billion landmark waterfront community, Bahrain Bay, will invest $5 billion into the national economy over the next decade, it was declared.more
Dar Al-Arkan to put up 319 villas for sale
Saudi-based Dar al-Arkan plans to put 319 villas up for sale before year-end after a drop in land prices and slower unit sales hurt its earnings, its top official said in remarks published on Sunday.more
UAE real estate got less negative coverage in Q3
UAE's real estate industry got less negative media coverage in the third quarter, compared to the same period last year, according to a report by a leading media monitoring and evaluation company.more
Emaar merger talks 'to be over in a month'
Dubai's largest listed real estate firm Emaar Properties expects 'technical talks' for its planned merger with state owned developers to be concluded within a month, its chairman said in remarks aired on Saturday.more
Abu Dhabi real estate market 'gains momentum'
Abu Dhabi is seeing a steady flow of business owners and investors making their foray into the emirate's real estate market, in spite of the current recession-hit times, according to the head of a leading real estate services firm.more
Abraaj eyes property investments
Dubai-based private equity firm Abraaj Capital said on Saturday that 2010 would be a significant investing year for private equity and that it was looking at opportunities in Middle East commercial properties to take advantage of cheap prices.more


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