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Middle East Real Estate News
Newsletter from Eqarat.com
Issue No 354 - October 31, 2011
 
 
 
Barwa 9-month profit hits $229m
Qatar's Barwa Real Estate reported a nine-month net profit of 833.3 million riyals ($229 million) compared with 775.6 million riyals in the corresponding period last year, the developer said in a statement.
more
 
Damac wins big at Arabian Property Awards
Dubai-based luxury developer Damac Properties has won five major awards at the Arabian Property Awards.
more
 
 
 
Sorouh inks lease deal with French group
Abu Dhabi-based Sorouh Real Estate has signed a 30-year residential lease agreement with Défense Conseil International (DCI) Group, a French government-related company, for its al rayyana development project in emirate.
more
 
Dubai eyes property revamp with $1bn fund
Dubai, whose 2009 property collapse led to a debt crisis, launched a $1 billion real estate investment fund along with Canada's Brookfield Asset Management in a bid to revive the battered sector and restore investor confidence.
more
 
Emaar launches ‘value housing’ unit
Emaar Properties, Gulf region's largest land and real estate developer, has launched its wholly-owned subsidiary, Dawahi Development, a  developer of ‘value housing’ projects within full-service community developments.
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RAK Properties moves HQ to Julphar Towers
RAK Properties has moved its headquarters to Julphar Towers, one of its flagship projects, to better serve its customer base in the UAE.
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