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Issue No 316 - June 14, 2010
North Riyadh property trade hits $533m
North Riyadh is rapidly growing into Saudi Arabia’s newest real estate investment hub, with property trade in the area reaching around SR2 billion ($533 million) in 2009, according to industry experts.
Dubai Municipality eases rental processes
Dubai property owners can now play an active role in management and operation of their towers and communities as per the new regulations which provide the framework for the ‘Dubai Jointly Owned Property Law,’ said an industry expert.
Emaar ME wins project & design awards
Emaar Middle East, a subsidiary of Dubai-based global real estate developer Emaar Properties, has clinched two top honours for its Jeddah Gate development at a recently concluded property expo in Jeddah.
Saudi projects honoured at Cityscape awards
The leading Saudi property and architecture projects were honoured at the Cityscape Jeddah 2010, the largest real estate investment and development event in the Kingdom of Saudi Arabia.
Saudi firms eye mid-income homes as costs rise
Rising land costs are driving some developers in Saudi Arabia to focus on mid and high income housing as they try to cover their costs, despite strong demand for cheaper accommodation, industry experts say.
Al Marjan completes 80pc infrastructure work
Rakeen, one of the region's leading property developers and master planners, said it has completed 80 per cent of infrastructure work on Al Marjan Island, the first-of-its-kind man-made island in Ras Al Khaimah.

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