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Middle East Real Estate News
Newsletter from Eqarat.com
Issue No 322 - August 30, 2010
 
 
No foreign freehold in Sharjah – government decree
Sharjah has moved to quell speculation that it would offer freehold ownership on property in the emirate to foreign investors.
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Real estate firm sees sales boost with satellite mapping
Sana'a-based AqarMap.com is looking to bring the benefits of satellite mapping to real estate sales and letting.
more
 
 
Saudi to spend $39bn on 'smart buildings'
Saudi Arabia is expected to spend SR150 billion ($39.9 billion) in the next eight years for the construction of "smart buildings" all over the Kingdom, said an expert, citing data.
more
 
Saudi Dar Al-Arkan sees earnings boost from rent
Saudi-based Dar Al-Arkan Real Estate Development expects rent income to gradually rise from near-zero last year to SR1 billion ($266.7 million) by end-2015, its general manager said on Saturday.
more
 
Sodic posts $8.94m H1 net profit
Sixth of October Development & Investment Company (Sodic), a top real estate development company in Egypt, has posted a net profit of EGP51 million ($8.94 million) on revenues of EGP123 million for the first half of 2010.
more
 
Saudi Arabia faces huge housing challenge
Saudi Arabia is facing a huge housing challenge with the country's population reaching 27.14 million, even as the authorities ponder over a  mortgage law, which could give a boost to the housing sector.  
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