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Middle East Real Estate News
Newsletter from Eqarat.com
Issue No 338 - February 21, 2011
Tasweek in Asia partnership deal
Abu Dhabi-based Tasweek Real Estate Development and Marketing said it has entered into a partnership agreement with Malaysia's Hiraku Media Group to boost its presence in the Asia region.
CBRE named agent for Bahrain's Park Place
CB Richard Ellis (CBRE), the world’s largest real estate services firm, has been appointed exclusive agent for the new Park Place commercial centre and car park, located in Bahrain’s Seef business district.
Ajman Bank inks Manazel home finance deal
Ajman Bank, an award-winning financial services institution, has signed a home finance facility partnership with Manazel Real Estate, a leading UAE real estate developer.
International Tower Abu Dhabi tops out
CB Richard Ellis Group (CBRE), the world’s largest commercial real estate services firm, announced International Tower as the first building in Adnec’s Capital Centre master planned development to top out, following completion of the final concrete pour.
Supply to pressure Abu Dhabi rents
Office supply in Abu Dhabi is expected to jump by more than 25 per cent in 2011, putting further pressure on rents, while oversupply will also push residential and retail rents down, a report said.
KHC sells prime land for $66.5m
Kingdom Holding Company (KHC), a Saudi-based investment firm, has announced the sale of one million sq m of land west of its mixed development project 'Kingdom Riyadh Land' for SR250 million ($66.6 million).

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