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Prices are likely to rise again after the hot summer months Dubai house prices will spike higher again in the autumn A seasonal pattern exists in the Dubai housing market, and analysts have noted an annual spike in prices in September/October over the past few years. This is when the summer holidays are over and the wealthi...(Read more) Yield compression to drive Dubai property prices higher Dubai rental yields have remained stubbornly high in recent years at 7% to 10% depending on the property. But in the coming four years it is likely that rentals will flatten while property values will continue to rise, according to a study from Al Mar Capital. (Read more) Secrets of successful off-plan property purchases in Dubai The developer of Aquarius Gate in Dubai has just announced a sell-out to investors in the pre-launch phase. This $820m mixed-use project at Nakheel's Waterfront, opposite the Palm Jebel Ali, is just the latest example of successful Dubai off-plan sales. But recent controversy sur...(Read more) Global institutional property investors move into Dubai Last week the American International Group bought two office blocks in the Emaar Business Park, opposite the Dubai Internet City. It's the first big investment by a US financial institution in Dubai property. And the UK's giant international property consultants Strutt & Park...(Read more) Dubai average price index - waterfront properties Waterfront living is often seen as the stuff of dreams - an idyllic lifestyle that provides beautiful locations, relaxation and a safe place to raise a family. Add to that the suggestion of it being a wise investment and it becomes easy to see why waterfront property can be sold ...(Read more) Nakheel initiates flooding of Palm Cove Canal in Waterfront Dubai: Master-developer Nakheel on Monday began flooding the first of four waterways in Waterfront, Palm Cove Canal, which will have a capacity of 4.2 million cubic metres of water. Matt Joyce, Nakheel managing director for Waterfront, described the flooding as a &...(Read more) Dubai really is a city for the future When speaking about Dubai and the so-called "real estate bubble", conversations tend to focus on the short term. "What will happen in 2009-10 when projects are completed and handed over - will prices level off or even worse, fall?" I can remembe...(Read more) UAE ranks eighth among top retail destinations
<...(Read more) SPANISH PROPERTY Spain is an ideal destination for the prospective property seeker. Spain's interesting culture, dynamic way of life, excellent climate and favorable economic and political conditions have drawn thousands of people, from retired householders to Hollywood stars, to it's sunny shore...(Read more) Buying Property In Spain Spain is an excellent option for those in search of a second home in a relaxed and enjoyable atmosphere. Although it’s no longer as cheap as it was in years past (prices have risen in particular since the euro came around) it’s still a top choice for foreigners in lar...(Read more) Dubai and Bahrain bourses seal accord Dubai: The Dubai Financial Market (DFM) signed a memorandum of understanding (MoU) with Bahrain Stock Exchange (BSE) to strengthen and widen cooperation, specially in the areas of mutual expertise and exchange of information relating to the developments in b...(Read more) Morocco is perfect for British investors For those of us who are a little tired of today’s mass development on the Costa del Sol, Morocco, only just across the water, could prove to be the perfect solution. Offering respite fr...(Read more) Singapore hopes to catch up with Dubai Dubai: Singapore is hoping to play catch-up with Dubai as it currently leads the real estate industry in Asia with a house price growth of 21 per cent year-on-year in 2007, according to industry reports. Residential property...(Read more) Dubai Properties revamped into a holding company Dubai: Dubai Properties, master developer and a member of Dubai Holding, on Saturday revamped its corporate structure and announced the establishment of a new holding company - Dubai Properties Group (DPG). Through this rest...(Read more) APG selected as Consultants for DAMAC Properties ‘’Suburbia’’ in downtown Jebel Ali, Architectural and Mechanical design supervision Dubai, 8th March, 2008: DAMAC Properties – the luxury lifestyle provider and region’s leading private sector master developer – have announced that Architectural Planning Group (APG) will be the architectural and mechanical consultants for its prestigious Suburb...(Read more) DAMAC Properties Opens new HQ and Sales office in Dublin Middle Eastern property giant continues rapid expansion with opening of Irish HQ DAMAC Properties, the largest private developer and luxury lifestyle provider in the Middle East, today announced the opening of its first Iris...(Read more) DAMAC PROPERTIES OPENS NEW SALES OFFICE IN LEICESTER CITY CENTRE Middle Eastern property giant continues rapid expansion with four new sales offices DAMAC Properties, the largest private developer and luxury lifestyle provider in the Middle East, announces the opening of a new office in t...(Read more) DAMAC PROPERTIES OPENS NEW SALES OFFICE IN DUBLIN Middle Eastern property giant continues rapid expansion with four new sales offices DAMAC Properties, the largest private developer and luxury lifestyle provider in the Middle East, announces the launch of a new office in th...(Read more) DAMAC PROPERTIESOPENS REGIONAL HEADQUARTERS IN CANARY WHARF Middle Eastern property giant continues rapid expansion with four new sales offices DAMAC Properties, the largest private developer and luxury lifestyle provider in the Middle East, announces the opening of its UK and Ireland regional headquarters in Canary Wharf in February 2008. The launch marks the first of a series of several new office...(Read more) DAMAC PROPERTIES Hosts Academy Agent Partners Cairo: January 23rd, 2007: DAMAC Properties – the luxury lifestyle provider and the region’s leading private sector master developer held recently an all day event at the Grand Hyatt hotel in Cairo for members of the DAMAC Agents Academy (DAA) an...(Read more) DAMAC Properties to open Regional Office in London’s Canary Wharf DAMAC to announce additional office openings in 2008 DAMAC Properties, the largest private developer and luxury lifestyle provider in the Middle East welcomes 2008 with a series of new offices opening in the UK and Ireland.&...(Read more) DAMAC Properties Extends Reach in EgyptSales Centres in Heliopolis & Gezira Clubs Cairo: January 13, 2008: DAMAC Properties, the largest private sector luxury property developer in the Middle East, has expanded their sales network in Egypt by recently launching two new Sales Centres dedicated to their latest luxury project, Hyde Park.(Read more) DAMAC PROPERTIES TO CONDUCTS PROPERTY PRESENTATIONS IN SAUDI ARABIA Riyadh, Saudi (January 13 2008) -: DAMAC Properties – the luxury lifestyle provider and region’s leading private sector master developer, will be conducting public sales presentation in the Kingdom of Saudi Arabia to showcase its exclusive and va...(Read more) DAMAC Properties’ Central Avenue to Cater to Market Demand First-of- its kind project offers exclusive facilities located at the gateway to Abdali Master Plan and right in the heart of Amman. DAMAC introduces the Most Exclusive Residence in Egypt Cairo: December 11th, 2007: DAMAC Properties, the luxury lifestyle provider in the Middle East and leading private sector master developer, is hosting a gala dinner at the JW Marriott in Cairo to celebrate the launch of their latest project. The projec...(Read more) DAMAC receives special commendation at the 2007 Emirates Glass LEAF Awards Special recognition for supporting excellence in architecture and construction Luxury lifestyle provider and the Middle East’s leading private sector master developer, DAMAC Properties, received a special commendation ...(Read more) DAMAC Properties attends Carter Andersen and Bank of Scotland Asian Power 100 Awards A definitive list of the most forward thinking Asian innovators in the country Luxury lifestyle provider and the Middle East’s leading private sector master developer, DAMAC Properties celebrated the achievements of Br...(Read more) DAMAC Properties speaks at Euro-Mediterranean Business Summit 2007 DAMAC Properties, the largest private sector luxury property developer in the Middle East, recently spoke at the Euro-Mediterranean business summit in Marseille, France on the 22nd of November. The MENA region has more than ...(Read more) Dubai’s DAMAC Properties to showcase iconic properties in Russia Middle East’s largest private master developer to conduct roadshows in Moscow and St. Petersburg November 29th, 2007: DAMAC Properties, the largest private sector master developer and luxury lifestyle provider, will sh...(Read more) DAMAC Properties to showcase iconic properties at Cityscape India 2007 Leading property developer to be Gold Sponsor at the event DAMAC Properties Inaugurates New offices in Egypt DAMAC’s continuous expansion is creating employment opportunities DAMAC Properties, the Middle East’s largest private-sector luxury property developer, recently inaugurated six new...(Read more) DAMAC’s La Residence wins ‘Best High Rise Development’ at CNBC Arabian Property Awards ‘07 Wins ‘Best Website’ award for the second consecutive year Dubai, UAE, October 24th, 2007: Luxury lifestyle provider and the region's leading private sector master developer, DAMAC Properties, won two prestigious ...(Read more) DAMAC supports ‘Dubai Cares’ initiative by donating 10 apartments that will be auctioned to raise funds This initiative from DAMAC Properties is to support the new ‘Dubai cares’ initiative unveiled by H.H Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai Dubai, UAE, 19th Septe...(Read more) DAMAC has 79 world-class towers These towers are spread across UAE, Qatar, Saudi Arabia, Dubai, UAE, 18th September, 2007: Luxury lifestyle provider and the region’s largest private sector master developer, DAMAC Properties...(Read more) DAMAC’s DSS 2007 final draw winner walks away with Bentley Dubai, UAE, 3rd September, 2007: Luxury lifestyle provider and the region’s largest private sector master developer, DAMAC Properties, today announced Mrs.Charulata Kataria from the UK as its final fortnightly winner as ...(Read more) DAMAC’s DSS 2007 second fortnightly draw winner walks away with an Aston Martin A Bentley Continental, 1 Aston Martin V8 Vantage Coupe and a Lamborghini Gallardo Coupe still up for grabs during every second week of DSS Dubai, UAE, 19th July, 2007: Luxury lifestyle provider and the region’s largest...(Read more) DAMAC Reinforces its Presence in Egypt Three mega projects and a growing local team underpin DAMAC’s commitment to the Egyptian Market DAMAC launches ‘Westside at Lincoln Park’ in Dubailand The project is based on Chicago style architecture DAMAC launches ‘Water’s Edge’ at Business Bay Company’s 9th commercial tower in Business Bay after ‘HAZ Tower,’ ‘The Corner’, ‘Executive Bay’, ‘Business Tower’, ‘XL Tower’, ‘Capital Bay’ ‘Park Central’ and &l...(Read more) DAMAC’s ‘The Crescent’ rising at IMPZ The three tower masterpiece that includes 704-luxury studio, one, and two bedroom apartments with breathtaking views over a large man-made lake has reached the 10th level Dubai, July 10th, 2007: Luxury lifestyle provider and...(Read more) DAMAC Launches “Win the luxury and Drive the Luxury” Summer Campaign in Cooperation with Abu Khader Automotive Amman, Jordan-(June 2007)- DAMAC Properties, the largest private sector master developer and luxury lifestyle provider in the Middle East has launched its summer campaign “Win the luxury and drive the luxury” in cooperation with Abu Khader automo...(Read more) DAMAC PROPERTIES OPENS REGIONAL HEADQUARTERS IN CANARY WHARF Middle Eastern property giant continues rapid expansion with four new sales offices DAMAC Properties, the largest private developer and luxury lifestyle provider in the Middle East, announces the opening of its UK and Irelan...(Read more) DAMAC PROPERTIES Hosts Academy Agent Partners Cairo: January 23rd, 2007: DAMAC Properties – the luxury lifestyle provider and the region’s leading private sector master developer held recently an all day event at the Grand Hyatt hotel in Cairo for members of the DAMAC Agents Academy (DAA) an...(Read more) “Win Your Dreams” with Abu Dhabi Duty Free Summer Promotion set to offer biggest prizes ever at ADDF Abu Dhabi Duty Free (ADDF) has once again gone the extra mile in offering something innovative when it comes to its annual Summer Promotion and, from 1st July through...(Read more) DAMAC appoints enabling works contractor for its projects in Jordan Excavation work commenced on - The Heights, The Lofts, Courtyard 1 and Courtyard 2, and is scheduled to be completed within 120 days Amman, Jordan (June 2007)- DAMAC Properties, the largest private sector master developer a...(Read more) DAMAC appoints ECC as the main contractor for its ‘Smart Heights’ project at TECOM The smart technology featured project at TECOM is expected to be completed by end of 2008 Dubai, June 25th, 2007: DAMAC Properties, the largest private master developer and luxury lifestyle provider, has appointed ECC (Engin...(Read more) DAMAC Heights – first DAMAC branded tower – unveiled alongside DSS ‘07 promotion Dubai, UAE, 20th June, 2007: Luxury lifestyle provider and the region’s largest private sector master developer, DAMAC Properties, today unveiled DAMAC Heights – its first branded tower. The launch of the iconic 90-storey tower is part of DAMAC&r...(Read more) DAMAC launches ‘The Corner’ at Business Bay Company’s 7th commercial tower at Business Bay DAMAC Properties races to No.1 position at Silverstone, UK Wins ‘Silverstone’s Race 2’ at Ferrari Challenge Europe –Trofeo Pirelli Dubai, June 13th, 2007: DAMAC Properties, the largest private sector master developer and the luxury lifestyle provider in the r...(Read more) Dubai’s DAMAC Properties, signs on Italy’s leading real estate agents- ‘Gabetti’ & ‘Volpes Casa’ Agent’s to showcase company’s state-of-the-art portfolio spread across the Middle East and the Mediterranean region – a great investment opportunity for people in Italy Milan, Italy, May 30th, 2007: Luxury ...(Read more) DAMAC supports a signature concert by Dubai Philharmonic Orchestra The Dubai Philharmonic Orchestra introduces “The Symphony Series” at the Madinat Theatre. The DPO will perform a purely classical programme on the evening of June 2, 2007. Dubai, UAE, May 27th: Under the baton an...(Read more) DAMAC launches Al Jawharah - its first iconic project in Saudi Arabia 40-storey residential tower is located on the Jeddah Corniche and alongside the Red Sea Jeddah, May 27th, 2007: DAMAC Properties, the largest private sector master developer and luxury lifestyle provider has announced the la...(Read more) DAMAC Ferrari F430 challenge race car zooms to top 4 position ‘Ferrari Challenge Championship 2007’ held at circuits such as Monza, Misano, Imola, Silverstone, Vallelunga, Mugello, Le Castellet will culminate in Italy at Ferrari World Finals Dubai: May 24th, 2007: DAMAC Pro...(Read more) DAMAC opens state-of-the-art ‘sales lounge’ in Riyadh Region’s largest private sector master developer has three sales centers in Saudi Arabia Riyadh, May 22nd, 2007: DAMAC Properties, the largest private sector master developer and luxury lifestyle provider has opened a ...(Read more) DAMAC PROPERTIES RACES INTO EUROPE WITH FERRARI Leading property developer sponsors Ferrari Challenge Championship ’07 at Silverstone DAMAC Properties, the largest private developer in the Middle East is participating in the Ferrari Challenge Championship 2007. The ...(Read more) DAMAC unveils plans for 320mn sq.ft. Gamsha Bay project at ATM Dubai, May 2nd, 2007: DAMAC Properties, the largest private sector master developer and luxury lifestyle provider, today shared more details on its Egypt-based Gamsha Bay project – a 320-million sq. ft. leisure destination billed as the largest d...(Read more) DAMAC to showcase world class projects at ‘Property Link 2007 in Jordan’ The exhibition is being held in conjunction with the Jordan Investment Board Amman, Tuesday, May 1st, 2007: Luxury lifestyle provider and the leading Dubai based private sector master developer; DAMAC Properties will showcas...(Read more) DAMAC launches Signature residences; the most exclusive penthouses in Middle East This private world of select apartments is in ‘Ocean Heights’; the 82-storey award-winning marvel and ‘Lotus Heights’ in bustling Business Bay DAMAC Properties participates in ‘Ferrari Challenge Championship 2007’ Challenge held at circuits such as Monza, Misano, Imola, Silverstone, Vallelunga, Mugello, Le Castellet will culminate in Italy at Ferrari World Finals Dubai: April 11th, 2007: DAMAC Properties, the largest private sector ma...(Read more) Mall of the Emirates and DAMAC hand over keys to British Newly-weds Honeymooning couple fly into Dubai to collect the keys to their AED 2.4 million luxury apartment won during DSF Dubai, xx April: Mel and Chris Austen, newly-weds from Britain, flew into Dubai yesterday to collect the k...(Read more) DAMAC announces Dubai Shopping festival Jet promotion winner Company’s DSF promotion was a grand success with over 800 flats sold; 197 per cent increase in sales DUBAI, APRIL 03rd, 2007: Luxury lifestyle provider and the largest private sector master developer, DAMAC Properties,...(Read more) DAMAC Properties – First to Launch Commercial Tower in Jordan’s Abdali Master Planned Development The company was also the first to launch a residential tower in Abdali Amman, Jordan-(March 2007)-: Luxury lifestyle provider and the region's leading private sector master developer, DAMAC Properties, has launched its fourt...(Read more) DAMAC launches ‘Lincoln Park’ in Dubailand The project is based on Chicago style architecture and is comprised of 8 buildings Ministry of Tourism Authorizes the hand over of DAMAC’s Gamsha Bay Project Preliminary procedures commence towards handing over Gamsha Bay to DAMAC Properties Cairo, 12 March 2007: The Egyptian Ministry of Tourism authorized the Tourism Development Authority (TDA) to hand over the land boundaries o...(Read more) DAMAC Properties – First to Launch Commercial Tower in Jordan’s Abdali Master Planned Development The company was also the first to launch a residential tower in Abdali Amman, Jordan-(March 2007)-: Luxury lifestyle provider and the region's leading private sector master developer, DAMAC Properties, has launched its fourt...(Read more) Ministry of Tourism Authorizes the hand over of DAMAC’s Gamsha Bay Project Preliminary procedures commence towards handing over Gamsha Bay to DAMAC Properties Cairo, 12 March 2007: The Egyptian Ministry of Tourism authorized the Tourism Development Authority (TDA) to hand over the land boundaries o...(Read more) DAMAC unveils Lakeside – a unique luxurious residential development at an affordable price Four fully-equipped towers to be developed at the prestigious International Media Production Zone Dubai, March 04th, 2007: DAMAC Properties, the largest private master developer and luxury lifestyle provider, ha...(Read more) DAMAC’s Lake Terrace structure in Jumeirah Lake Towers completed Project to be handed over to customers by second half of 2007 Dubai, March 3rd, 2006: DAMAC Properties, the largest private master developer and luxury lifestyle provider, has announced the completion of the Lake Terrace str...(Read more) DAMAC Holding creates employment opportunities for Egyptians DAMAC Properties, the property arm of DAMAC Holding, sealed the Gamsha Bay agreement with the Egyptian government in December 2006. Cairo, March 01, 2007: DAMAC Holding, the UAE based global business conglomerate, hosted an ...(Read more) DAMAC appoints IFG as the enabling works contractor for Smart Heights project at TECOM (Read more) First 25 DAMAC customers go home with Jaguar Cars ‘The Heights’, DAMAC’s state-of-the-art tower in the Abdali master planned development area was sold out within two months Amman, Jordan (February, 2007) - Luxury lifestyle provider DAMAC Properties has han...(Read more) DAMAC’s AED87mn DSF initiative well on target Luxury lifestyle provider will give a brand new ECLIPSE 500 Jet, worth AED5.5 million to one lucky customer amongst the first 700 properties bought during DSF Dubai, January 23rd, 2007: Luxury lifestyle provider, DAMAC Prop...(Read more) DAMAC Abu Dhabi celebrates its first anniversary Dubai, Sunday, January 13th – 2006: Luxury lifestyle provider and the region's leading private sector developer, DAMAC Properties, recently celebrated its first anniversary in Abu Dhabi. DAMAC’s Abu Dhabi Sales center has success...(Read more) DAMAC enters Egypt with 320 million sq.ft Gamsha Bay Project – Largest development in the region Deal signed in the presence of Egyptian Prime Minister, Mr. Ahmed Nazif, by Egypt’s Chairman of the Tourism Development Authority, Mr. Khaled Makhlouf, and M...(Read more) DAMAC launches its first residential tower in Business Bay (Read more) DAMAC bags 3 prestigious awards at Arabian Property Awards 2006 Luxury lifestyle provider and the region's leading private sector developer, DAMAC Properties, won three prestigious awards at the Arabian Property Awards 2006. Property developer bagged the best development award for ‘Oceanscape’, best architect...(Read more) PAKISTAN’S PIPEX EXHIBITION HONORS DAMAC PROPERTIES WITH 1ST EXCELLENCE AWARD. DAMAC Properties, the region’s leading private developer and luxury lifestyle provider, was awarded the “1st Excellence Award” for its iconic project designs and excellent customer service during the 4th Pakistan International Property Exhi...(Read more) DAMAC PROPERTIES CONDUCTS SUBSTANTIAL SALES AT "THE HEIGHTS" Luxury lifestyle provider and the region’s leading private sector developer, DAMAC Properties, conducted substantial sales to Jordanians and nationals from several countries throughout the globe at “The Heights”, its iconic US120 Million re...(Read more) STUNNING “THE WAVES” DEVELOPMENT BY DAMAC PROPERTIES DELIVERED Customers fly from a number of continents to receive keys to their dream home Luxury lifestyle provider and the region’s leading private developer, DAMAC Properties, announces today that apartments at the stunning two...(Read more) DAMAC PROPRTIES INTRODUCES “THE HEIGHTS” TO THE STUNNING ABDALI AREA OF AMMAN Region’s leading private sector developer introduces its first of many exciting projects in Jordan CHINESE GOVERNMENT DELEGATION AND DAMAC PROPERTIES SIGN LANDMARK MOU TO DEVELOP ICONIC PROJECT IN CHINA Luxury lifestyle provider, DAMAC Properties, signed on 13 June 2006 a landmark Memorandum of Understanding (MOU) with the Tanggu District Government located within Tianjin City, People’s Republic of China, to develop an iconic mix-use real estate devel...(Read more) DAMAC PROPERTIES LAUNCHES SMART HEIGHTS Project is the second office tower launched by DAMAC properties in TECOM DAMAC PROPERTIES AWARDS AED 12 MILLION ENABLING CONTRACT TO AL HABTOOR STFA SOIL GROUP Luxury lifestyle provider, DAMAC Properties recently awarded an AED 12 Million contract to Al Habtoor STFA Soil Group for enabling works on Executive Heights, the company’s state of the art office tower that is due to be developed within the Dubai Tech...(Read more) DAMAC Properties to Showcase Iconic Properties in Kenya EXPO Dubai’s leading property developer offers 5% rebate with a purchase of freehold properties Nairobi, 21 February 2005: DAMAC Properties, Dubai’s leading private sector property developer and luxury lifestyle provi...(Read more) DAMAC INVESTS 3 BILLION POUND IN EGYPT Company is looking to substantially increase its investment portfolio in the country DAMAC AWARDS AED 21 MILLION CONTRACT FOR OCEAN HEIGHTS PILING WORKS The UAE’s largest private sector developer and luxury lifestyle provider, DAMAC Properties, has awarded a AED 21 Million contract to Abu Dhabi based APCC, a leading piling company in the UAE, to conduct piling works on the 82 storey Ocean Heights devel...(Read more) DAMAC Properties launches its latest real estate venture in world acclaimed Beirut City Centre Company announces its first project outside the UAE DAMAC Properties Launches Over 100,000 Square Feet Of Retail Space DAMAC Location and Design (DLD) Advantage of Park Towers at DIFC, Lake Terrace and Lake view due to attract substantial footfall DUBAI’S FIRST ‘SMART HOME’ COMES TO LIFE WITH DAMAC PROPERTIES AND OMC SMART HOUSE TECHNOLOGIES MIDDLE EAST DIFC Show flat offers customers insight into the available enhancement options within DAMAC’s residential towers DAMAC Properties launches today the Middle East’s first luxurious fully automated ‘smart home...(Read more) DAMAC Properties Announces Summer Mega Promotion Company’s special offer coincides with the launch of its 19th project, Lago Vista Dubai – July 11th 2005– Luxury lifestyle provider, DAMAC Properties, announces today the launch of a mega summer travel prom...(Read more) DAMAC Holding Pledges Support to Higher Education DAMAC opens scholarship program at the acclaimed American University of Dubai Dubai – (4 June 2005) – DAMAC Holding has pledged its support to Higher Education by setting up a scholarship program at the American ...(Read more) DAMAC and Abu Dhabi Commercial Bank Announce Landmark Home Mortgage MOU 30-day offer provides zero processing fee, zero interest and zero loan repayment until delivery of apartment DAMAC Properties Announces Groundbreaking Rental Guarantee Scheme Dubai, UAE (17 May 2005): Luxury lifestyle provider, DAMAC Properties, has conceived some of the most unique and iconic projects in Dubai. Today, the company introduces a groundbreaking 24 % rental return guarantee scheme over a period of three years, for an...(Read more) Damac Properties sells all retail in Marina Terrace Development Company conducts a deal with leading private property firm Mashreqbank and Damac sign mortgage MoU Dubai, UAE (6 February 2005): Mashreqbank and Damac Properties signed a memorandum of understanding (MoU) for Mashreqbank to provide mortgage finance for customers to purchase Damac apartments in Dubai. Under this agreement, Mashreqbank will provide a Home L...(Read more) Dubai records real estate deals worth Dh1.61b Dubai: The total value of land transactions in Dubai last week reached Dh1.61 billion, of which sales exceeded Dh656.31 million while the total value of mortgages during the period was Dh959.68 million. A total of 58 sale t...(Read more) Gulf investors eye global real estate Dubai: Gulf Arab investors could spend $20 billion in 2008 to buy commercial real estate around the world, 38 per cent more than the estimates for 2007, property services firm Jones Lang LaSalle (JLS) said. Investors from th...(Read more) Property hotspots around the world In terms of property hotspots, there's little doubt that Dubai is up there with the hottest right now. But for those looking at additional investment opportunities outside the emirate, there are some exciting up-and-coming markets offering attractive prices ...(Read more) Dubai group to launch Dh10b project in Ajman Dubai: Dubai Investments, the UAE's largest listed diversified holding company, said it will soon launch a mixed-use real estate project in Ajman with an estimated value of more than Dh10 billion. Chief executive officer Kha...(Read more) Dubai leads Asian market rebound Abu Dhabi: Lower interest rates and sound corporate performance succeeded in reviving UAE stock markets yesterday as they recovered more than Dh59.6 billion of losses. The high volatility of the indices was apparent with the...(Read more) Dubai Investments profit increases 52% to Dh1.5b Dubai: Dubai Investments, a holding company for a range of businesses from construction to dairy, said on Tuesday its net profit increased by 52 per cent to Dh1.5 billion in 2007 on the back of strong property sales and return on equity investments.(Read more) Dubai could bid for Spanish property firm Madrid, London: Investment Corporation of Dubai (ICD), an $82 billion company whose holdings include Emirates airline, could make a full takeover bid for property firm Colonial, the Spanish company said on Thursday, possibly sparking a bid battle for the ind...(Read more) Patience is an investor virtue This month, Emaar Properties reported just three per cent growth in annual profits. And last week the Dubai-based developer said that profit growth for this year too would slow down due to higher construction costs, which led the investment bank EFG-Hermes t...(Read more) Latest entrant into Dubai property sector plans aggressive expansion Dubai: The latest entrant into Dubai's real estate market, Al Barakah, has a portfolio value of Dh3 to Dh5 billion, and aims to be one of the top 10 developers in the region over the next few years. Chief executive Imran Kha...(Read more) Dubai and Spain to consolidate business ties Dubai: Dubai Chamber of Commerce and Industry director-general Hamad Buamim and Salvador Santos Campo, president of the Madrid Chamber of Commerce and Industry, signed a memorandum of understanding on Thursday. The ag...(Read more) Dubai shivers as Emaar plunges Abu Dhabi: Dubai shares fell 3.3 per cent led by Emaar Properties on Sunday after the Middle East's biggest publicly traded property developer cancelled the $1.64 billion initial public offering of its Indian unit Emaar MGF. (Read more) Al Osaimi unveils Dh1.5b flagship project in Dubai Dubai: Kuwaiti developer Al Osaimi Investments and Real Estate launched on Sunday its Dh1.5 billion flagship project on the crescent of Palm Jumeirah in Dubai. The Dusit Emirates Saray comprises three projects spanning...(Read more) Damac launches Dh90m promotions Dubai: Damac Properties, one of the largest private developers in the UAE, on Sunday unveiled the largest and the most exclusive Dubai Shopping Festival (DSF) promotion worth Dh90 million. The promotion comprises a mega raff...(Read more) Damac says Gulf stands to benefit from US recession Dubai: A recession in the US and the developed markets could benefit the GCC economies and the regional stock markets, according to Dubai-based Damac Securities. Contrary to the general belief...(Read more) Damac to open office at Canary Wharf Dubai: Dubai-based private developer Damac Properties on Sunday said about 28 per cent of its sales originate from the UK where it will open an office at the Canary Wharf next month, a company statement said. This will opera...(Read more) Damac's Middle East portfolio worth $30b Abu Dhabi: Dubai-based real estate developer Damac Properties has developments worth $30 billion across its portfolio with its announced projects spread across Dubai, Abu Dhabi, Egypt, Qatar, Jordan, Lebanon and Saudi Arabia to be delivered over the next 10 ...(Read more) Sheikh to Build Skyscraper in Sofia Saudi Arabia's heir to the throne to invest US $300 M in BulgariaThe construction of a skyscraper stands at some 300 to 500 million dollarsSofia will soon boast a tower just like one of the twin...(Read more) Invest in Dubai Middle East property market - Dubai Public fail to splash out on luxury water buses Dubai: The new luxury water bus service across Dubai Creek has so far been a washout as the boats operate empty most of the time. Gulf News visited the spot at least three times a week at different times of the day to check the service but th...(Read more) UAE a model Muslim country, says Bush
The UAE founding father, the late Shaikh Zayed Bin Sultan Al Nahyan, has ...(Read more) Dubai Islamic Bank opens four more branches in UAE Dubai: Dubai Islamic Bank (DIB) on Sunday said it has opened four new branches in Abu Dhabi, Sharjah, Ajman, and Ras Al Khaimah, increasing its total UAE-wide branch network to 48. The new branches are located in the Morour...(Read more) Global fire safety standards protect high-rises in Dubai Dubai: The Dubai Civil Defence implements international fire safety standards in towers and high-rise buildings to protect lives and properties. Brigadier Rashid Thani Al Matroushi, Director of Dubai Civil Defence, said the ...(Read more) Dubai Metro trains to start trial run in April Dubai: A trial run of the Dubai Metro trains will start in April, said a senior official. "From April, the RTA [Roads and Transport Authority] will start a trial run for the Dubai Metro on the new test track site that ...(Read more) Holiday Villages in Bulgaria Grow Threefold Rich Russians supersede the English buyers from Bulgaria's real estate market
The Palm islands in Dubai The Palm islands in Dubai will be the three largest artificial islands in the world. They are named The Palm Jumeirah, The Palm Jebel Ali and The Palm Deira. Each island will be constructed in the shape of a palm tree and topped with a crescent. Each island will have residential ...(Read more) Living in the World Islands in Dubai  The same company that brought us The Palm Islands, Al Nakheel Properties (Nakheel Corp), have done it again expanding their portfolio of man-made isl...(Read more)Jebel Ali Golf Resort & Spa wins two prestigious awards at 14th World Travel Awards The Jebel Ali Golf Resort & Spa, a member of 'The Leading Hotels of the World', received two prestigious awards at the annual World Travel Awards, which also made its Middle East debut in Abu Dhabi. The Resort's exceptional facilities including a champi...(Read more) Four Seasons Hotels & Resorts opens Dubai golf development Four Seasons Hotels & Resorts are pleased to announce the opening of the elegant and innovative Four Seasons Golf Club Dubai Festival City. Situated just 5 minutes from Dubai International Airport in the heart of Dubai Festival City and adjacent to Dubai Creek,...(Read more) Asta Bridge International Properties sees golf growth in Bulgaria “Bulgaria is the most recent newcomer as a European golf destination” states Anton Pankev, CEO of Asta Bridge International Properties. At the present time there are only three operating golf courses in Bulgaria, another five are under construction and several more un...(Read more) Spain's Ferry Group Receives Katina Golf Course Permit Spanish developers Ferry Group said on Thursday they received the necessary permits needed to begin construction of their golf course and country club in Katina near Bulgarian capital Sofia. The group plans to begin construction work in the near future and complete...(Read more) House prices surge in Eastern Europe House prices in Latvia, Estonia, Bulgaria and Lithuania are rising faster than anywhere else in the world, with national markets remaining unaffected by the current slowdown in the US, according to new research. The Knight Frank Global House Price Index found that ...(Read more) Get on the ladder in Poland and Bulgaria Brits who want to participate on the UK property market should start with buying elsewhere in Europe, where prices are more affordable and chances for scoring a bargain and good investment returns are greater, The Independent reports. The current average cost of a home in ...(Read more) Bulgaria 'becoming a popular place to retire' Bulgaria will become a mainstream retirement destination for Brits over the next 10 years, Paul Collins, BuyAssociation consultancy company managing director said, as quoted by retiretothesun.com. Interest in Bulgaria has been increasing since the country managed to improv...(Read more) Bulgaria discovers professional golf Bulgaria will have professional golfers in 10 years, the secretary of the Bulgarian Golf Association, Seth Underwood, said in an interview. Underwood is fully committed to popularising golf in Bulgaria. A resident of Sofia for more than 13 years, he believes that ...(Read more) Golf in Bulgaria - luring the buyers In 15 years time there will be 40 golf courses in Bulgaria - on the Black Sea coast, around Sofia, Elena, Gabrovo, Trun, and Miroviane. There will be new houses and apartments built around the new courses, which will serve as a “carrot” for buyers. Manuel Ferry...(Read more) Gary Player at BlackSeaRama Legendary golfer Gary Player and his design team arrived in Bulgaria on July 31 in order to visit the BlackSeaRama world-class 18-hole signature golf course and inspect the project. During his stay he reviewed the holes under construction as well as met with the project team to d...(Read more) GOLF INVESTMENT OPPORTUNITIES EMERGE IN BULGARIA Bulgaria was well known for its ski and summer resorts and the property investment opportunities there but the country was just beginning to develop golf property opportunities, easier.com reported. Only three golf courses operate in Bulgaria at the moment, the web...(Read more) Gary Player: ‘The new Tiger Woods could be from Bulgaria’ World golf legend Gary Player, who visited Bulgaria for a few days, believes that the new Tiger Woods could be a Bulgarian. “I like Bulgaria very much. The climate suits me best, traditional Bulgarian cuisine is just great and all the people are really nice,” ...(Read more) The Cliffs and the Gary Player Group break ground on the Black Knight North American Headquarters Located at The Cliffs at Mountian Park Travelers Rest, SC (July 24, 2007) – Recently, senior executives of The Cliffs Communities and the Gary Player Group celebrated the first of many milestones of the partnership they announced last April by turning the fir...(Read more) The mysteries of self-mastery, or should married men play golf? "Americans have even spawned the joke that board meetings merely confirm decisions made on the golf course." John McEnroe, former professional US World No 1 tennis player was famously dismissive of golf: “I thought a sport was where you had to run or someth...(Read more) Dubai skyscraper world's tallest An unfinished skyscraper in the Gulf state of Dubai has become the world's tallest building, at 141 storeys, its developers say. Emaar Properties said the 512m (1,680ft) Burj Dubai is now taller than Taiwan's 508m (1,667ft) Taipei 101. (Read more) Quality Is Key To A Healthy Dubai Property Market Real Estate Boss Urges Developers To Improve Quality Standards The chairman of one of Dubai’s major property developers today spoke out regarding the need for higher quality standards within the emirate’s property development industry. Ac...(Read more) Bulgaria to Become a Monte Carlo of the Balkans Bulgaria's Black Sea Coast is on its way to becoming a Monte Carlo of the Balkans. As it is a matter of prestige to have a house in Monaco world celebrities are buying estates in Bulgarian resorts and complexes on a mass sc...(Read more) British Family Find Better and Safer Life in Bulgaria Bulgaria offers better life for our children, say Sheryl and Del Trott Fed-up of a life fraught with Britain's escalating violence, one Yorkshire family knew they had to make a life-changing move. Sheryl and Del Trott quit H...(Read more) Why is Dubai Property a Good Investment? Previously only those with access to foreign group investment funds or corporations could get in on the foreign investment opportunities in this area. In August 0f 2006, the ruler of Dubai heightened the stakes yet leveled the playing field in the Dubai area o...(Read more) |
