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Middle East Real Estate News
Newsletter from Eqarat.com
Issue No 326 - September 27, 2010
Nakheel restarts Al Furjan project
Dubai developer Nakheel has restarted work at its Al Furjan residential project and expects to start building again on all short-term projects by the end of next month, it said on Wednesday.   
Damac awards Cairo Park Avenue contract
Luxury developer Damac Properties said it has awarded the main construction contract to SIAC for the first phase of its exclusive shopping mall project ‘Park Avenue’ at New Cairo.
'The Walk Wallet' scheme a big success
Dubai Properties Group, a member of Dubai Holding, said its discount programme launched this summer for residents and visitors at The Walk, a beachfront retail promenade at Jumeirah Beach Residence (JBR), has been a big success.
Rents fall in Bahrain on oversupply
Rents in Bahrain in the retail, office, residential and industrial sector have fallen as developers increasingly realise they have failed to focus on end-users' demands, a top market analyst said.
Aldar expects to swing to profit
Aldar Properties, Abu Dhabi's largest developer by market value, expects to swing to profit in the third and fourth quarters due to project deliveries, an executive was reported as saying.
30pc more exhibitors for Saudi Build
Saudi Build, the leading construction trade event, has achieved a 30 per cent increase in the number of confirmed exhibitors for the 2010 edition.

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