2008 News
July
Taameer Jordan Holdings Adopts Eqarat.com for the Sales of the Third Phase of Al Andalucia
Albawaba.com
Thursday, 31 July, 2008
Aligned with its genuine commitment to providing high quality living for the citizens of Jordan, Taameer Jordan Holdings (TJH) recently signed an agreement with Eqarat.com. According to the agreement, the leading real-estate sales agent is to manage the sales of the third phase of the flagship Al Andalucia project, a gated community being developed by TJH on the Queen Alia International Airport road.
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Realty Not So Transparent
The Peninsula
Tuesday, July 29, 2008
DOHA • The real estate market of Qatar scores poorly in terms of transparency. Its market is less transparent than neighboring Dubai, Abu Dhabi, Bahrain, Saudi Arabia, Oman, Morocco and Egypt, a global transparency real estate report said.
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Jones Lang LaSalle Releases Real Estate Transparency Report, MENA 2008
Al Bawaba
Monday, July 28, 2008
Jones Lang LaSalle Releases Real Estate Transparency Report, MENA 2008:
• Dubai is the most improved market globally
• Dubai is the most transparent market in MENA, Bahrain and Abu Dhabi next most transparent market
• MENA region sees the greatest improvement in transparency in comparison to other regions
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British Expat Praises Morocco
Ready2invest.co.uk
Sunday, July 27, 2008
A British expatriate has outlined his reasons for leaving his job in the City and relocating to Morocco.
James Bailey, who is originally from London, has been living and working in the north African country for more than a year.
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Tunisia Emerging as the Next Property Market to Take Off
Propertywire.com
Friday, July 25, 2008
Major Middle East developers are investing in Tunisia which property analysts believe is the new emerging market set to make an impact in the next five years.
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Construction in Gulf Countries Estimated at 1.8 trillion dollar
Thaindian News
Friday, July 25, 2008
Nicosia, July 25 (ANI): The value of construction projects in the oil-rich countries of the Gulf exceeds 1.8 trillion dollar, a study published in the latest issue of the Investors Magazine says.
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Bubble Trouble?
Gulf Daily News
Friday, July 25, 2008
The real estate trade in Bahrain and across the Gulf is booming - but experts say it is a bubble waiting to burst. Investors in giant projects, speculators, individual home buyers and the banks that finance them could be badly caught out, according to Bahrain-based weekly business intelligence magazine The Gulf.
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Qatari Diar plans $660m Resort
TradeArabia.com
Thursday, July 24, 2008
Qatari Diar Real Estate Investment Company plans to develop a $660 million luxury resort and golf course in Morocco.
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Dubai-based Limitless Begins Work on Tallest Tower in Jordan
Gowealthy.com
Wednesday, July 23, 2008
Limitless, the global real estate arm of Dubai World, has broken ground on its $300 million real estate project, Sanaya Amman that will become the tallest building in Jordan on completion. The twin-tower project marks the beginning of an architectural wonder that brings a new dimension to Jordan's real estate offering.
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Tunisia Real Estate: At the Cusp of a Boom?
Nuwireinvestor.com
Wednesday, July 23, 2008
Tunisia is beginning to grab headlines as an international tourism destination. Although not yet as well recognized as its North African neighbors Morocco and Egypt, it is fast catching up. TripAdvisor ranked Jerba, Tunisia number one among its top 10 emerging tourism spots for 2008. A New York Times article at the end of last year put the country at third place in its list of 53 countries to visit in 2008.
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Property offers healthy returns
GulfNews.com
Monday, July 21, 2008
Gulf News: What is ETA's market position?
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Real estate firm signs BFH deal
Gulf Daily News
Monday, July 21, 2008
MANAMA: Bahrain Financial Harbour Holding Company (BFHHC) has an signed agreement with Albilad Real Estate Investment Company who will take over office space on the 47th floor of the west tower at Bahrain Financial Harbour (BFH).
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Tunisian legislators back $3bn real estate deal
The News
Sunday, July 20, 2008
TUNIS: Tunisia’s parliament endorsed a draft law on Saturday paving the way for a $3 billion financial park and real estate development north of Tunis, official news agency TAP said.
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Investate revenue soars to record high of $22m
Gulf Daily News
Sunday, July 20, 2008
MANAMA: Investate Realty posted a record revenue of $22.1 million and net profit of $16.1m for the first half of its financial year, ended June 30. This translates to a 30 per cent annualised return on paid-up capital.
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Tunisian legislators back $3bn real estate deal
The News
Sunday, July 20, 2008
TUNIS: Tunisia’s parliament endorsed a draft law on Saturday paving the way for a $3 billion financial park and real estate development north of Tunis, official news agency TAP said.
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SHIRA Real Estate Development and Investments Selects Jotun Paints for One of its Major Projects in Jordan
AlBawaba.com
Sunday, July 20, 2008
SHIRA Real Estate Development and Investments selected Jotun Paints for it's real estate project Oak Hills that consists of 22 luxurious villas, each at 800 m². SHIRA will be utilizing two of Juton’s most popular brands—Fenomastic for interior painting and Jotashield for the exterior.
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Real Estate Market : Opportunities are becoming rare in the trading sector
iloubnan.info
Saturday, July 19, 2008
The landscape of Beirut is currently in a paradoxical situation. While the demand of new international franchises and local ensigns is always maintained, for whatever political and security situations, it is becoming harder and harder to find available locations.
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Arabian Real Estate Investment Trust acquires Wind Tower in Bahrain
gowealthy.com
Thursady, July 17, 2008
The Arabian Real Estate Investment Trust (AREIT), the first real estate investment trust to be established in the GCC, has acquired the 11-storey Wind Tower located at Diplomatic Area in Bahrain.
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Russian company Inteco to invest 1 billion € in Morocco
LesAfriques.com
Friday, July 17, 2008
Inteco, the real estate subsidiary of Russian gas company Gazprom, announced its intention to invest close to a billion euros in real estate and tourist projects in the north of the country.
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Finance Ministry reports hike in real-estate dealings in Lebanon
The Daily Star
Wednesday, July 16, 2008
BEIRUT: The number of real-estate sales operations in Lebanon in the first five months of 2008 rose by 19.4 percent compared to the same period of 2007, according to the figures released by the Directorate of Real Estate at the Finance Ministry on Tuesday.
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AREIT acquires prime Bahraini real estate
AlBawaba.com
Wednesday, July 16 , 2008
The award-winning Arabian Real Estate Investment Trust (AREIT) has acquired the Wind Tower in Bahrain’s Diplomatic Area.
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‘Red-Dead’ canal promises life for Dead Sea desert
Daily Commercial News
Tuesday, July 15, 2008
Imagine a strip of blue water flowing 160 kilometres through the desert, punctuated by artificial waterfalls, surrounded by parks and luxury hotels. It would refill the shrinking Dead Sea, produce hydroelectric power and badly needed drinking water and bring Israelis and Arabs together in a thriving free-trade zone.
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Cornerstone Launches Complete Integrated Real Estate Solutions in Jordan
AlBawaba.com
Tuesday, July 15, 2008
Major projects include multi-million JD investments
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Bahrain's fishermen up in arms against developers
The Earth Times
Monday, July 14, 2008
Manama - Bahrain's fishermen vowed to continue their weekly protests against real estate developers, who are said to be damaging the country's marine environment by large-scale land reclamation projects, a local newspaper reported Monday.
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Construction industry dynamics still strong in the Gulf, despite shortages
bi-me.com
Monday, July 14, 2008
INTERNATIONAL. In an overview, Al Mal Capital says that construction industry risks are growing, as labour shortages and rising labour costs have consumed the sector in recent months, squeezing margins of the smaller contractors.
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Malaysia My Second Home Programme Gaining Popularity Among Arabs
bernama.com
Monday, July 14, 2008
KUALA LUMPUR, July 14 (Bernama) -- The Malaysia My Second Home Programme (MMH2H) is gaining popularity among the Arabs with 31 applications from Saudi Arabia approved for the programme so far.
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Remarkable Nine-Year Rental Guarantee at Salama Valley 3, Morocco
PR-usa.net
Monday, July 14, 2008
PRWEB) July 12, 2008 -- Villas at Salama Valley 3 (http://www.propertyshowrooms.com/IPIN/11230/IPIN-Guaranteed-Rental-Investment.html) are considered by the International Property Investment Network (IPIN) to be one of the most promising investment opportunities in Morocco.
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Tunisia is the Star Performer in the Maghreb
alarabonline.com
Monday, July 14, 2008
The Maghreb countries, Tunisia, Morocco and Algeria, are very different places.
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Banque du Liban fears real estate bubble
dailystar.com
Friday, July 11, 2008
BEIRUT: The Banque du Liban is considering requiring that borrowers and investors post the equivalent of 40 percent of the value of their approved property loans in a bid to prevent a real estate bubble, Governor Riad Salameh said on Thursday.
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New transparency status 'boon for business'
Gulf Daily News
Friday, july 11, 2008
BAHRAIN has been listed as a semi-transparent country in the 2008 Real Estate Transparency Index, published by an international company.
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Inflation driving workers away
Gulf Daily News
Wednesday, July 9, 2008
MANAMA: Inflationary pressures in the GCC have increased the cost of building materials and forced skilled and unskilled workers to leave the region.
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‘Building costs in Gulf up by 50 percent this year’
Thaindian.com
Tuesday, July 8, 2008
Dubai, July 8 (IANS) Lack of skilled labour and soaring prices of building materials have pushed building costs in the Gulf by 50 percent in the first half of 2008, according to a leading real estate firm of the region.
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$125 million Beirut Towers real estate project set to be launched in Dubai
gowealthy.com
Tuesday, July 8, 2008
Plus Properties, Dubai-based real estate developer, has announced to construct $125 million real estate project called Beirut Towers at International Media Production Zone (IMPZ) in Dubai.
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Taameer Jordan Holdings and CEC Signs a Contractual Agreement
AlBawaba.com
Tuesday, July 8, 2008
Civil Engineering Company CEC is to Execute the Construction Works of 720 Apartments in Ahl Al Azim City.
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Reinsalu’s Morocco project villas and apartments for sale
balticbusinessnews.com
Monday, July 7, 2008
Uus Maa Real Estate Company announced that in July they started the sales of the real estate in the resort Le Jardin de Fleur, which was established with the partnership of Margus Reinsalu and titled to be the best development in Arabic countries.
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KSA- SWFs should be invested in infrastructure: Al-Tawari
menafn.com
Monday, July 7, 2008
(MENAFN - Arab News) Gross domestic product (GDP) in the GCC was about $800 billion at the end of 2007, approximately a 5.5 percent growth rate.
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Real estate salaries ‘to surge’
TradeArabia.com
Monday, July 7, 2008
Salaries within the regional property and real estate sector are set to increase significantly this year, according to a leading recruitment consultancy company.
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Gulf region increasingly attractive against global real estate trends
vistadubai.com
Monday, July 7, 2008
DTZ, the most established firm of real estate advisors in the Middle East, has recommended the Gulf property market as a strong proposition for investors seeking to escape a global fall in property investment transactions.
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Islamic Finance Moves Slowly Moves into North Africa
The Tripoli Post
Sunday, July 7, 2008
After years of watching from the sidelines, North Africa has begun to embrace Islamic finance as banking develops and governments try to channel more Arab Gulf petrodollars into an investment-starved region.
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Banking on a brighter future
arabianbusiness.com
Sunday, July 6, 2008
There was a time when Lebanon was nicknamed 'the Switzerland of the Middle East' - presumably due to its prosperity and location at the heart of the region, rather than any fondness for cuckoo clocks or Toblerone.
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Land grab fuelling housing crisis
Gulf Daily News
Sunday, July 6, 2008
PUBLIC land worth billions has been taken illegally over the past 30 years, claims a political society.
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Banking on a brighter future
arabianbusiness.com
Sunday, July 6, 2008
There was a time when Lebanon was nicknamed 'the Switzerland of the Middle East' - presumably due to its prosperity and location at the heart of the region, rather than any fondness for cuckoo clocks or Toblerone.
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Ma’an Development Company and Hadeed Emirates Construction Sign MoU to Build Landmark Metals Factory in Ma’an
AlBawaba.com
Sunday, July 6, 2008
In line with His Majesty King Abdullah II's vision to develop and foster the economy of the South of Jordan, Ma'an Development Company (MDC) signed a Memorandum of Understanding (MoU) with Hadeed Emirates Construction, to develop a metals factory within the "Industrial Park" of the Ma'an Development Area (MDA).
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A New Hotel in Down Town by Al-Taameer
iloubnan.info
Saturday, July 5, 2008
According to the daily newspaper "L'Orient-le Jour", the Kuwaiti real estate company Al-Taameer is planning to construct a new 13-floor hotel from the chain Ramada, in downtown Beirut.
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Gulf region increasingly attractive against global property trends, says expert real estate firm DTZ
AlBawaba.com
Saturday, July 5, 2008
DTZ today recommended the Gulf property market as a strong proposition for investors seeking to escape a global fall in property investment transactions.
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Gazprom's real estate subsidiary to invest one bln euros in Morocco
Forbes.com
Friday, July 4, 2008
TANGIER (Thomson Financial) - The real estate subsidiary of Russian gas giant Gazprom is to invest nearly one billion euros in northern Morocco, an aide said on Friday.
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Constant stagnation in the Office Real Estate
iloubnan.info
Friday, July 4, 2008
While the residential sector is enjoying a period of growth with rising prices, sustained demand and multiplication of new projects, the office market is still stagnating.
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Bahrain 'leading GCC in productive growth'
Gulf Daily News
Tuesday, July 1, 2008
BAHRAIN is leading the GCC in real productivity growth - but the bubble could burst for its neighbours, according to an international report.
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