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Middle East Real Estate News
Newsletter from Eqarat.com
Issue No 351 - August 15, 2011
Qatari Diar JV buys Olympic Village for $900m
London's Olympic Village has been sold for GBP557 million ($903.5 million) to a Delancey and Qatari Diar joint venture (JV) in a deal which sees the JV acquiring homes on the site in Stratford, east London, and its long-term management.
Nakheel to issue sukuk by Aug 25
Developer Nakheel, Dubai World's  property arm, will issue a $1.63 billion Islamic bond to trade creditors by August 25, its chairman was quoted as saying in a local newspaper report.
Manara sees Bahrain project on track
Manara Developments, a Bahrain-based real estate development company, said that progress in phase one of its Tubli Gardens project has been positive accounting for the completion of more than 50 per cent of the project.
Deyaar returns to profit in second quarter
Dubai developer Deyaar , the emirate's second-largest property developer by market value, returned to profit in the second quarter, as it handed over homes from recently completed projects.
RAK Properties posts $18m H1 profit
RAK Properties, a leading Ras Al Khaimah-based property developer, has posted a net profit of Dh68.66 million ($18.69 million) in the first half of the year.
Kuwaitis 'major buyers of Dubai property'
Kuwaiti investors now account for nearly 60 percent of all properties purchased by GCC nationals in Dubai, new figures from the UAE Ministry of Finance showed.

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