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Middle East Real Estate News
Newsletter from Eqarat.com
Issue No 347 - July 11, 2011
Dubai Pearl construction on track
The groundwork, foundations, basements and lower grounds floors of the four towers which form the central section of Phase 1 of Dubai Pearl, the mixed-use development, are now complete.
UAE President grants more land to citizens
UAE’s President Sheikh Khalifa bin Zayed Al-Nahayan has granted more than 1,200 residential plots to Emiratis in the west of the country, the state news agency WAM said.
Apartment rentals down 9pc in Abu Dhabi
Apartment rental prices declined by an average 9 per cent during the second quarter in Abu Dhabi as new stock continued to enter the UAE capital's housing market, a report said.
Dubai flooded with 18,000 new homes: report
Dubai's real estate market will see another 18,000 homes by the end of the year, adding to the emirate's oversupply woes and pushing prices further down, a report from property consultancy Jones Lang LaSalle said.
Signs of stability in Dubai real estate says report
The Dubai real estate market is showing signs of stabilising, although this varies between market segments, says a new Jones Lang LaSalle report . 
Egypt mulls taking back land from Palm Hills
The Egyptian Housing Ministry plans to withdraw an unused 210 feddan (217.9 acre) plot of land from Egypt's second-biggest listed developer Palm Hills, a newspaper reported on Wednesday.

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