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Issue No 347 - July 11, 2011
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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.
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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.
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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.
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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.
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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 .
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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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Wafi Residence,
P.O.Box: 7553,
Dubai, UAE
T: +971 4 324 22 24,
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