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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.
Damac wins big at Arabian Property Awards
Dubai-based luxury developer Damac Properties has won five major awards at the Arabian Property Awards.
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.
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.
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.
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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