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Middle East Real Estate News
Newsletter from Eqarat.com
Issue No 352 - August 23, 2011
Abu Dhabi Finance offers mortgage for TDIC villas
Abu Dhabi Finance, a leading home finance provider in the UAE, is offering mortgages for the residential villas which form part of TDIC’s luxurious St. Regis Saadiyat Island Resort development.
Langan designs foundation for Kingdom Tower
US-based Langan International has designed the foundation of Kingdom Tower in Jeddah, which is set to become the tallest tower in the world.
Nakheel inks major expansion contracts
Leading real estate developer Nakheel has signed major contracts to expand an existing mall and build two new shopping centers in Dubai, said a report.
Arabtec wins $76.2m contract from Nakheel
Dubai builder Arabtec has won a Dh280 million ($76.2 million) contract from developer Nakheel, Dubai World's property arm, to build a residential project in the emirate, it said on Wednesday.
Dubai villa sales up 2.8pc in Q2
Villas in Dubai continued to perform well during the second quarter of the year due to the lack of forthcoming supply in 2011, resulting in a quarter on quarter increase of 2.8 per cent, said a report.
N. Emirates apartment rents witness big fall
The lease rates in apartments across the Northern Emirates are witnessing a major fall with the biggest drop recorded in Ajman where rates fell by 28 per cent, said a report by CB Richard Ellis.

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