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Middle East Real Estate News
Newsletter from Eqarat.com
Issue No 345 - June 27, 2011
New corporation to manage Dubai properties
Dubai has set up a corporation to own and manage all property registered in the name of the government, the state news agency Wam said on Sunday.
Sorouh unveils new 'Rent to Own' offer
Abu Dhabi developer Sorouh has announced a innovative plan for its key Sun Tower project in Al Reem Island under which the tenants will have the right to own apartments after three years of leasing and convert 90 per cent of the rent paid into equity.
Emaar delivers over 315 office units in Syria
Emaar-IGO, a venture between Emaar Syria and IGO, has handed over more than 315 office units in the first phase of The Eighth Gate, the master-planned community being developed in Yafour, near Damascus.
Sorouh to focus on deliveries in 2011
Abu Dhabi's Sorouh Real Estate will continue to focus on the delivery of existing projects in its home market in 2011 and has no plans to expand abroad just yet, its chief operating officer said.
Majaal inks new tenancy agreement
First Bahrain, an innovative real estate developer, said it has signed a new tenancy agreement with R Media Company, a leading marketing and advertising agency, for its flagship project Majaal.
Manara launches new villa project
Manara Developments, a leading real estate group in Bahrain, has announced the launch of 'Wahat Almuharraq' project, comprising 47 villas designed to suit the needs of middle income families in the Kingdom.

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