Year 2013 (106)Year 2012 (232)Year 2011 (200)Year 2010 (194)
December (11)
November (11)
October (13)
September (16)
August (12)
July (12)
June (17)
May (18)
April (18)
March (22)
February (21)
January (23)
Year 2009 (366)Year 2008 (251) November (11)
October (13)
September (16)
August (12)
July (12)
June (17)
May (18)
April (18)
March (22)
February (21)
January (23)
DAMAC Properties Projects At Business Bay Gather PaceWednesday, November 24, 2010 Dubai-based Damac Properties has cast basement slabs at four of its nine projects currently under construction in Business Bay, including The Corner, Executive Bay, Capital Bay and Park Central. The developer said Business Tower and XL Tower in the district are soon to be handed over, and piling works are completed at three other projects, Commercial Square, Water's Edge and Business Central. "Onc ... more |
Rihan Heights On Track For Delivery In 2011Sunday, November 14, 2010 Capitala, the Abu Dhabi-based strategic master planner and developer, yesterday announced that the five towers of Rihan Heights, which form the first phase of its flagship development, Arzanah, have reached their final heights.
The topping out of Rihan Heights is a major milestone in the completion of Abu Dhabi's newest community, on schedule to be delivered in 2011. Rihan Heights is situated on ... more |
Removing Home Finance Hurdles Would Aid Local Market RecoveryFriday, November 12, 2010 Open up the home financing taps and the local real estate market stands a better chance of staging a recovery. This was the prescription that an overwhelming 88 per cent of respondents provided during a survey conducted by Hadef and Partners, the law firm. And as many as 75 per cent felt aggrieved that financial institutions were not doing their bit to "adequately support" the property market, tho ... more |
Sorouh To Deliver New Units By 2012Wednesday, November 10, 2010 Sorouh Real Estate, a major Abu Dhabi-based real estate developer, plans to deliver about 2,500 new residential units to end users in the emirate by the end of 2012, Gurjit Singh, the company's chief operating officer, said here yesterday. "The deliveries will start in the first quarter of 2011, in phases. The handovers will begin with some apartments being delivered in Sun and Sky Towers," Singh ... more |
Finance House Awards Construction Contract To Benyan DevelopmentWednesday, November 10, 2010 UAE-based Finance House (FH) has awarded a Dhs123m contract to Benyan Development Co for the development of its headquarters in Abu Dhabi. The contract is for construction of a 22-storey tower in ADNEC's Capital Centre Abu Dhabi. The enabling works has already been completed and the structural works is due to begin in Q4 2010, and scheduled to be completed in 2012 ... more |
Union Properties Expects $82m Operating Profit In '10Monday, November 08, 2010 Khalid bin Kalban, chairman of Dubai-based Union Properties, has said that the company's operating profit is expected to reach Dhs300m ($82m) in 2010, with Dhs600m in revenues expected from the sale of homes, Reuters has reported. The developer has completed two projects -- Index and Limestone -- in Dubai and has started to hand over units to buyers, he said. ... more |
Seddiqi Launches First Branded Rolex TowerMonday, November 08, 2010 Seddiqi & Sons Investment, the real estate arm of the UAE's leading timepiece retailer, Ahmed Seddiqi & Sons, Sunday launched the Rolex Tower on Shaikh Zayed Road near the DIFC, the first of its kind in the Middle East and the only branded Rolex Tower globally not owned and managed by the watchmaker itself. The Rolex Tower is the result of the 50-year partnership between Ahmed Seddiqi & Sons and R ... more |
Property Developers To Shoulder Service Charges Of Unsold UnitsFriday, November 05, 2010 Developers with unsold units in completed projects may soon find themselves thinking like homeowners. A key proviso in the Strata Law requires that developers have to cough up the service charges on all unsold units in their projects. With fresh supply entering the market each month and hardly any interested buyers, this does place a significant burden on an already overstretched developer's cash ... more |
Sorouh Reports Net Profit Of Dh63m In Third QuarterTuesday, November 02, 2010 Sorouh Real Estate PJSC, the Abu Dhabi-based real estate developer reported third quarter net profit of Dh63 million, reflecting a dip of 66 per cent year-on-year, as a consequence of early redemption of sukuks. The net profit for the first nine-months of the year slid to Dh215 million against Dh467 million in the same period last year. The real estate firm saw revenue for the third quarter 2010 p ... more |
Deal Unlikely To Influence LendersMonday, November 01, 2010 The injection of new funds in Islamic mortgage lender Tamweel following the increase in shareholding by Dubai Islamic Bank (DIB) is not likely to change the conservative lending attitudes currently adopted by local financial institutions, industry players feel. This would, in effect, mean that a substantial revival in lending is unlikely to happen soon in the Dubai property market. "Dubai Islamic ... more |
Contractors Seek Guarantees From NakheelMonday, November 01, 2010 Contractors in Dubai say they would not proceed on future projects with debt-laden Nakheel unless they get payment guarantees from the developer, Meed has reported. While Nakheel is expected to tender new projects after recently saying it is planning to expand expand two shopping malls and build fiver new shopping centres, contractors remain cautions about working for the developer again. 'It all ... more |
