2008 News
June
Middle East investors set to snap up prime real estate in Europe
GulfNews.com
Monday, June 30, 2008
Dubai: As pricing corrections hit western markets hard, Middle Eastern investors, including Dubai, look set to reap the rewards of prime commercial space in key European cities, according to officials at property consultants, Colliers International.
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Demographic Imbalance in Gulf Countries
IslamOnline.net
Sunday, June 29, 2008
Demographic imbalance is indeed a violation of the rights of citizens anywhere in the world. The growing imbalance in some Arab countries of the Gulf is a premeditated infringement of the rights of their citizens.
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Affordable residential real estate projects is need of the time: Saleh Sorayai
gowealthy.com
Sunday, June 29, 2008
With a number of luxury residential towers and high-end real estate projects are increasing in number in the GCC and particularly Dubai, there is dearth of residential and commercial realty projects that cater to the growing needs of middle income groups.
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Bahrain to host key summit
Gulf Daily News
Sunday, June 29, 2008
MANAMA: Bahrain will host an international economic summit aimed at attracting foreign investment in November.
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Al Taameer Real Estate Investment Company opens first hotel in Beruit
AME Info
Thursday, June 26, 2008
Al Taameer Real Estate Investment Company has announced the opening of its first hospitality project in Lebanon, Ramada Downtown.
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Sakana seals mortgage financing agreements
Gulf Daily News
Thursday, June 26, 2008
MANAMA: Sakana Holistic Housing Solutions has signed a deal with real estate developers Pearl Development and Real Estate and Promobai Development and Real Estate to become the preferred Islamic mortgage provider for two brand new luxury developments - one commercial, the second residential.
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Morocco's Alliances sees growth on property boom
Reuters.com
Wednesday, June 25, 2008
CASABLANCA (Reuters) - Moroccan property company Alliances Developpement Immobilier, which aims to raise 2 billion dirhams in an IPO, is expecting a five-fold jump in net profit in 2010 from last year on a real estate and tourism boom, its chief executive said.
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Jordan housing plan stirs anger
ft.com
Tuesday, June 24, 2008
Zarqa, a gritty, industrial city infamous for producing Abu Musab al Zarqawi, the late al-Qaeda leader in Iraq, is the unlikely home of Jordan's biggest new development project.
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Naseej launches today in Bahrain
AME Info
Monday, June 2008
Ithmaar Bank, a Bahrain- based investment bank with global reach, has successfully led a consortium of regional institutional investors to launch Naseej.
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Ithmaar, partners set up $5bn infrastructure firm
TradeArabia.com
Monday, June 23, 2008
Ithmaar Bank, a Bahrain-based investment bank, has led a consortium of regional institutional investors to launch a fully integrated infrastructure and real estate development company with an authorised capital of BD2 billion ($5.3 billion).
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Donald Trump Moving To The Middle East?
hotspots.hollyscoop.com
Monday, June 23, 2008
Real Estate mogul Donald Trump is going east for his latest project. The reality show star is done firing his employees and is now hiring for his latest development, the new Trump International Hotel and Tower in the Middle East.
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Alliances of Morocco Plans to Raise 2 Billion Dirhams From IPO
Bloomberg.com
Monday, June 23, 2008
Alliances Developpement Immobilier SA, a Moroccan real-estate developer, plans to raise as much as 2 billion dirhams ($271 million) selling shares in an initial public offering, the fifth IPO in the North African country this year.
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In Jordan, God's Work on Modernity's Doorstep
newsweek.washingtonpost.com
Wednesday, June 18, 2008
Over the past five years Amman, the capital city of Jordan, has seen a rate of development unrivaled in the Middle East except in the Gulf.
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Morocco sees further development
ready2invest.co.uk
Wednesday, June 18, 2008
Overseas property investors could be in line to benefit from further development in Morocco, a newspaper has suggested.
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Grand Real Estate to launch Islamic capital arm
cpifinancial.net
Tuesday, June 17 2008
New company to have nearly $400 million in authorised capital. IIG also involved in new company which will tap into high class real estate development in Saudi Arabia. Private placement expected shortly.
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Durrat al Bahrain and al tijaria form joint venture to develop two durrat villa islands
AlBawaba.Com
Tuesday, June 17, 2008
Durrat al Bahrain and al tijaria form joint venture to develop two durrat villa islands Durrat Al Bahrain, the Kingdom’s largest planned luxury residential, commercial and tourist resort development, announced today that it has signed a MOU to establish a joint venture with The Commercial Real Estate Co (Al-Tijaria) and its associates to develop two of its residential Islands.
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Susy d'Epinoy: How I fell for Tangier
timesonline.co.uk
Sunday, June 15, 2008
The ex-wife of James Hunt and Richard Burton tells The Sunday Times how she fell for Tangier, and how the bohemian Mediterranean city is regaining the cachet that inspired a host of artists and writers
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Tameer UAE sponsors Jordan's 4th Architectural Conference
AME Info
Sunday, June 15, 2008
Tameer Holding UAE, the region's leading real estate developer sponsored the 4th Architectural Conference: High Rise Building, held under the patronage of Prime Minister Nader Al-Dahabi, with the attendance of HRH Princess Sumaia Bint Al Hassan.
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Brits attracted to 'recession proof' Morocco
safestore.co.uk
Friday, June 13, 2008
With countries such as France and Spain now being almost saturated with ex-pats, growing numbers of Brits are looking further afield as they seek to realise their dreams of retiring to the sun, overseas property experts have reported.
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Absolute Gulf
Kuwait Times
Thursday, June 12, 2008
The fate of progress in the Gulf region is always seen in absolutes, irrespective of how many middle grounds exist.
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Morocco to back Mediterranean Union
Ready2Invest.Co.UK
Thursday, June 12, 2008
A high-ranking official has revealed that the Moroccan government supports the French plan to launch a Mediterranean Union.
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Riffa Views in expo accord
Gulf Daily News
Wednesday, June 11, 2008
MANAMA: Riffa Views has agreed to be the Premium Partner enhancing its Platinum Sponsorship commitment to the Bahrain International Property Exhibition 2008 (BIPEX 2008), for the fourth successive year.
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Firm signs up for exhibition
Gulf Daily News
Wednesday, June 11, 2008
MANAMA: Better Homes Bahrain yesterday signed an agreement to take part in a top property expo.
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Morocco Sotheby's International Realty Introduces the Golf Villas and Apartments of Al Houara Resort
PRWeb.Com
Wednesday, June 11, 2008
Morocco Sotheby's International Realty, the brokerage company for Qatari Diar, the real estate investment and development leader, showcases the most exclusive luxury resort in Tangier, Morocco Al Houara Resort.
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Riffa Views in expo accord
Gulf Daily News
Wednesday, June 11, 2008
MANAMA: Riffa Views has agreed to be the Premium Partner enhancing its Platinum Sponsorship commitment to the Bahrain International Property Exhibition 2008 (BIPEX 2008), for the fourth successive year.
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Date set for major property exhibition
Gulf Weekly
Wednesday, June 11, 2008
Bahrain Society of Engineers (BSE) announced that the Bahrain International Property Exhibition 2008 (BIPEX 2008) will be held for the fifth consecutive year under the patronage of Shaikh Khalid bin Abdulla Al Khalifa, Minister of the Prime Minister's Court, from October 23-25 at the Bahrain International Exhibition Centre.
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Construction and real estate companies turn to IT-enabled performance to stay competitive in the Middle East
AME Info
Wednesday, June 11, 2008
Recognising the challenges in the industry, SAP organised an executive roundtable called 'Gaining Competitive Advantage through IT-Enabled Performance' in order to discuss key issues in process and information management in the construction and real estate sector.
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Real estate remains hot in emerging economies
International Herald Tribune
Tuesday, June 10, 2008
LONDON: Western housing bust or not, real estate continues to be hot in countries with emerging economies.
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Deal signed to develop Bahrain Logistics Zone
MEED.Com
Tuesday, June 10, 2008
Bahrain's General Organisation of Sea Ports (GOP) and the Bahrain Real-Estate Investment Company (Edamah), have agreed to develop a range of facilities at the Bahrain Logistics Zone.
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DAMAC completed the enabling Works for “Business Heights” projects in Amman
ArabianBusiness.Com
Tuesday, June 10, 2008
Luxury lifestyle provider DAMAC properties completes the preliminary work for its business sites in Amman.
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BFB Tower signs Reef housing loan accord
Gulf Daily News
Tuesday, June 10, 2008
MANAMA: The BFB Tower project has signed a memorandum of understanding with Reef Real Estate Finance Company to ensure that prospective clients of BFB can secure fast and efficient financing.
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DAMAC Completed the Enabling Works for “Business Heights” Projects in Amman
AlBawaba.Com
Tuesday, June 10, 2008
Luxury lifestyle provider DAMAC properties completes the preliminary work for its business sites in Amman.
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GOP signs MoU with EDAMAH to develop Bahrain Logistics Zone
AlBawaba.Com
Tuesday, June 10, 2008
Serviced facilities in region’s first boutique logistics zone to be developed by Bahrain Real-Estate Investment Company (Edamah). Construction of warehouses, office and retail space to begin in Q4 2008
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UAE- Al Khayyat investments takes 50% stake in ALNO Middle East
MenaFN.Com
Monday, June 9, 2008
(MENAFN Press) Al Khayyat Investments L.L.C., a Dubai-based diversified holding company, has acquired 50 per cent stake in ALNO Middle East (AME), a producer of kitchens and wardrobes furniture in the Jebel Ali Free Zone, to further accelerate the company's growth as equal partners.
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Abaad raises capital to $67 million
Gulf Daily News
Monday, June 9, 2008
MANAMA: Bahraini property investment firm Abaad Real Estate has increased its paid-up capital to BD25 million ($66.9m).
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Middle East Developers Target Chinas New Super-Rich Cityscape - The World’s Biggest B2B Real Estate Event Brand Returns To Asian Giant Which Creates On Average One Billionaire Every Two Weeks
Middle East Events
Monday, June 9, 2008
Dubai, UAE - June 9, 2008: Middle East property firms are targeting China's rapidly-growing club of super-rich investors with their iconic developments as the Asian giant streaks ahead of developed economies in the world wealth rankings.
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GCC countries investing $18 bn on 46 steel plants
EconomicTimes.IndiaTimes.Com
Monday, June9, 2008
DUBAI: The Gulf Cooperation Council (GCC) countries are investing $18 billion to build 46 steel plants to meet growing demand amidst the massive construction boom in the region.
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Tameer announces second real estate project in Jordan
gowealthy.com
Monday, June 9, 2008
Tameer Holding, UAE-based real estate developer, has revealed plans to construct $300 million commercial tower within Abdali realty project, the largest downtown property development in Amman, the capital of Jordan.
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GCC economy set to exceed $1tr mark
MenaFN.Com
Monday, June 9, 2008
(MENAFN - Arab News) The Gulf Cooperation Council (GCC) economy is enjoying a spectacular boom and is set to break the $1 trillion barrier in nominal terms this year, marking a three-fold increase in only five years.
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Hard knocks
arabianbusiness.com
Sunday, June 8, 2008
The construction industry is steeling itself for even more pain as dwindling steel supplies in the Middle East drive up prices. Jamie Stewart reports.
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Real estate, oil continue to script UAE’s success story
gowealthy.com
Sunday, June 8, 2008
Gulf will continue to be a major area of global wealth concentration and wealth creation due to high oil prices and the massive real estate boom, especially in the UAE, the region is witnessing, according to Barclays Wealth.
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Dubai to host sales event of Morocco’s Tinja realty development on June 11
gowealthy.com
Sunday, June 8, 2008
Emaar Morocco, the country subsidiary of Emaar Properties, Dubai-based largest real estate developer in the world, will host the sale of beachfront villas and forest-fringing town homes within its Tinja master-planned community being developed in Morocco in Dubai on June 11, 2008.
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Tameer Holding plans $300m tower in Jordan
Gulfnews.com
Sunday, June 8, 2008
Amman: UAE-based property developer Tameer Holding said on Sunday it will construct a $300 million commercial tower in the heart of the Jordanian capital's downtown district.
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Training boost for real estate professionals
TradeArabia.Com
Sunday, June 8, 2008
A record 115 participants from 15 countries have enrolled for a training programme for real estate professionals.
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Time to balance your portfolio
gulfnews.com
Saturday, June 7, 2008
Theory and experience suggest that a more diversified portfolio should offer a better trade-off between risk and return.
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Taameer Jordan Holdings Launches Mansion Hills Project in Aqaba
AlBawaba.Com
Saturday, June 7, 2008
Under the Patronage of His Excellency the Prime Minister of Jordan, Eng. Nader Dahabi, Taameer Jordan Holdings (TJH) recently signed a sales and development agreement with the Aqaba Development Corporation.
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Taameer in Dh7.78bn Aqaba development
The National
Saturday, June 7, 2008
Jordan’s largest listed property developer, Taameer Jordan Holdings, has launched what it calls the biggest development in Aqaba, on the Red Sea coast, at a cost of 1.5 billion dinars (Dh7.7bn).
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Khaleeji set for Bahrain listing
TradeArabia.Com
Saturday, June 7, 2008
Khaleeji Commercial Bank (KHCB), one of Bahrain’s leading Islamic banks, announced that its shares will be listed on the Bahrain Stock Exchange (BSE) and would commence trading on June 12.
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Pictet sees property returns in Middle East
BusinessIntelligence.Com
Friday, June 6, 2008
INTERNATIONAL. Oil wealth, population growth and economic reforms make countries in the Middle East and North Africa (MENA) a sure bet for investors seeking returns in frontier markets, Pictet Asset Management said this week.
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Solidere posts net profits of $155.9 million
The Daily Star
Thursday, June 5, 2008
BEIRUT: Real-estate giant Solidere announced Wednesday that it made a net profit of $155.9 million in 2007, up by 18 percent compared to 2006.
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Bank plans $2 billion building materials firm
Gulf Daily News
Wednesday, June 4, 2008
MANAMA: Khaleeji Commercial Bank is to establish a building materials company to serve the construction wholesale and retail markets in the Gulf, Middle East and North Africa.
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Pictet sees property returns in Middle East
Reuters.Com
Wednesday, June 4, 2008
LONDON (Reuters) - Oil wealth, population growth and economic reforms make countries in the Middle East and North Africa (MENA) a sure bet for investors seeking returns in frontier markets, Pictet Asset Management said on Tuesday.
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DAMAC Properties forays into Kurdistan with Dh55 billion real estate project
gowealthy.com
Wednesday, June 4, 2008
DAMAC Properties, Dubai-based real estate development company, has partnered with the Kurdistan government in the first fully-contained master development, Tarin Hill, in Kurdistan spread over 170 million sq ft at the value of value of Dh55 billion.
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Abyaar Real Estate Selects SAP to Support its Developments and Regional Expansion
AlBawaba.Com
Wednesday, June 4, 2008
High-End Real Estate Developer Implements SAP Engineering, Construction & Operations Solution to Improve Inter-Operability Among Business Units
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Middle East promises much for investors but at a higher risk
Telegraph.Co.UK
Wednesday, June 4, 2008
The politically charged region offers more for investors willing to take a punt than Dubai hotels and oil stocks, writes Nina Montagu-Smith
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Rebuild Lebanon exhibition looks to draw investment
The Daily Star
Wednesday, June 4, 2008
BEIRUT: Outgoing Transportation Minister Mohammad Safadi said on Tuesday that he expected a flood of Gulf Arab investments in Lebanon. Speaking at the opening of the 13th Rebuild Lebanon exhibition at Beirut International Exhibition and Liesure center, Safadi said the prospects of high investments in the country were quite high due to the high oil returns in the Gulf.
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Bahrain’s new $11 billion Islamic bank to go live in 2009
CPIFinancial.Com
Tuesday, June 3, 2008
New Islamic bank in Bahrain to launch with $11 billion in paid up capital, with $2 billion from private equity and remainder from IPO. Bank to go into operation in 2009.
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Pictet managers back real estate with new MENA fund
CityWire.Co.UK
Tuesday, June 3, 2008
Oliver Bell and Emad Mostaque, co-managers of the newly launched Pictet Targeted Fund (Lux) Middle East North Africa fund, believe real estate companies in the region are looking attractive.
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DAMAC to develop 170 million sq feet master development in Kurdistan, Iraq
AlBawaba.Com
Tuesday, 3 June, 2008
DAMAC Properties – the luxury lifestyle provider and a leading private sector master developer – today announced its plans in Kurdistan, Iraq, with the launch of the Tarin Hills master development in Erbil. Located in the Kurdistan Region of Iraq, the project is a conglomeration of residential, retail, commercial, hospitality, entertainment, health and sports components interwoven within the picturesque terrain of Erbil.
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UPDATE 2-UAE's Damac Properties plans $15 bln Iraq development
Reuters.Com
Tuesday, June 3, 2008
DUBAI, June 3 (Reuters) - Damac Properties plans to begin work on a $15 billion development in Iraq's Kurdistan region this year aimed at Iraqi expatriates returning home, the United Arab Emirates developer said on Tuesday.
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Real estate to reap benefits of IP-based technology
The Financial Express
Tuesday, June 3, 2008
Mumbai, Jun 3 Next time you leave your meeting room, just don't bother to turn the lights off, since an intelligent server will do so automatically. Security cameras will record entries and exits to car parks and can determine the number of cars. Real estate is the next big industry that is expected to leverage the benefits of technology-driven environments.
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Brokerage plans Middle East promotion
BangkokPost.Com
Tuesday June3, 2008
The local real estate brokerage firm Harrison Plc plans a show featuring Thai properties in Dubai and other countries in Middle East, said vice-president Kittisak Jumpathippong.
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Sukoon Tower received strong interest at Cityscape in Abu Dhabi
AME Info
Tuesday June 3, 2008
The sales team for Sukoon Tower, a freehold luxury residential property in Juffair, recently attended the four-day Cityscape exhibition in Abu Dhabi.
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Real estate sector boosts Moroccan economy
Ready2Invest.Co.UK
Tuesday June 3, 2008
The growth of foreign investment in the Moroccan real estate sector is helping to boost the country's economy, analysts have stated.
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Rebuild Lebanon 2008
ArabianBusiness.Com
Tuesday, June 3, 2008
An Extraordinary Edition of the Project Lebanon Exhibition , The 13th International Trade Exhibition for Construction Building Materials Equipment and Environmental Technology for Lebanon and the Middle East.
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Morocco Property Hailed as Recession Proof Property Investment
nubricks.com
Monday June 2, 2008
Investors in Morocco look set to avoid the global downturn as the country’s economy continues to steam ahead. The country’s index of leading shares (MASI) has risen by more than 13%* since the start of 2008, compared to a fall of more than 11% in the FTSE 100** over the same period. Buying property in Morocco is being hailed as a recession proof real estate investment.
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Nasmah project goes live
Daily News
Monday June 2, 2008
MANAMA: For the first time in Bahrain's real estate market, property owners can follow the real time progress of their investment simply by dialing up a designated number using a video call from a 3G mobile phone.
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Emaar Morocco to initiate sales of Aldea real estate project in Dubai
gowealthy.com
Monday June, 2008
Emaar Morocco, the subsidiary of leading Dubai-based real estate developer, Emaar Properties PJSC, will commence the sales of Aldea, a cluster of beachfront villas and forest-fringing townhomes, located within its Tinja master-planned community in Dubai on June 4, 2008, at the Downtown Living Sales Centre.
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Bin Laden Seeks $190 Billion for Yemen, Africa Cities
Bloomberg.Com
Monday June 2, 2008
June 2 (Bloomberg) -- Middle East Development LLC, the Dubai-based construction company controlled by a half-brother of Osama Bin Laden, will seek to raise about $190 billion to build two new cities in Djibouti and Yemen and a bridge linking them.
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Union Land Development participates in Property Link 2008
AlBawaba.Com
Monday June 2, 2008
Union Land Development (ULD), Jordan’s fastest growing Real Estate Company, has participated in the Property Link 2008 exhibition that took place in Zara Expo on May 12-15, for the third consecutive year.
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Jordan: Amlak Finance IPO briefing sheds lights into investing in business hub and real estate capital markets
AlBawaba.Com
Monday June 2, 2008
The Lead Manager and Financial Advisor for the exercise, one of the leading providers of comprehensive financial and investment services locally and regionally, Jordan Investment Trust Plc (Jordinvest) gave a briefing on the flotation of Inwan Investment PLC on the Amman Stock Exchange which will later be named Amlak Finance (Jordan).
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The landlord is king of Middle East retail, but the crown is slipping
Business Intelligence
Monday June 2, 2008
INTERNATIONAL. Delayed openings and lack of legislation are issues that need to be addressed if retail phenomenon in Middle East is to be sustained, said expert speakers at Retail City this week
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UAE and Saudi Arabia dominate regional retail landscape
AlBawaba.Com
Sunday June 1, 2008
Retail City 2008, the three-day industry showcase for investment and development of retail real estate for the US$ 100 billion regional retail sector, opened today (Sunday 1stJune) at the Dubai International Exhibition Centre.
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