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Middle East Real Estate News
Newsletter from Eqarat.com
Issue No 348 - July 18, 2011
Abu Dhabi apartment rents down 10pc
The apartments rents in Abu Dhabi have witnessed a 5 to 10 per cent drop in the second quarter as new supply hit the market compared to last quarter, said real estate specialist Cluttons in its latest report.
Etihad Towers on track for handover
Etihad Towers, a luxury development featuring a five-star hotel and boutique retail arcade, is on schedule for the handover of its first homes and offices later this year, said its developer.
Damac completes Park Towers
Damac Properties, a leading property developer, has received the completion certificate for its ‘Park Towers’ development in the DIFC, it said.
RAK Properties set to handover tower
RAK Properties, Ras Al Khaimah’s leading property developer, has commenced the handover of the 43-storey RAK Tower on Al Reem Island in Abu Dhabi.
Qatar property market remains stable
Modest leasing activity characterises Qatar’s property sector over Q2 2011, according to the latest Asteco quarterly report.
Sharjah apartment scene upbeat in Q2
Sharjah apartment rentals led the movement in the Northern Emirates’ property market over the second quarter of the year, with some areas increasing two per cent in rental prices over the previous quarter, said a report.

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