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Middle East Real Estate News
Newsletter from Eqarat.com
Issue No 332 - November 8, 2010
Emaar Misr sees income boost in 2011
Property group Emaar Misr expects to hand over 1,800 units to customers in Egypt next year, its general manager was quoted on Wednesday as saying, boosting income at a time its parent's home market in Dubai has flagged.
Egypt's Amer Group to launch IPO
Egyptian real estate company Amer Group expects to raise 1.14 billion Egyptian pounds ($242 million) through an initial public offering and a private placement before the end of the month, its IPO adviser said on Saturday.
GHD tower recognised at property awards
GHD, a leading engineering and environmental consulting firm, was honoured at The Arabian Property Awards 2010 in association with Bloomberg Television in Dubai this week for its 45-storey Al Bidda Tower in Doha.
Taiwan's Farglory in $1bn Abu Dhabi project
Taiwan's Farglory Group will develop an estimated $1 billion hotel and residential project in Abu Dhabi's new financial district in partnership with the emirate's state fund, a source close to the situation said on Wednesday.   
Abu Dhabi extends 5pc rent cap
Abu Dhabi has extended a 5 per cent cap on annual rent increases after a study found that there was a housing shortage despite an increase in supply, the state news agency WAM said.
Dubai Q3 house prices fall 6pc
Dubai house prices fell 6 percent on the year in the third quarter to their lowest level since the second quarter of 2009, due to the seasonal summer slowdown and tough financing conditions, Colliers International said on Sunday.

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