Mar 4, 2008
The level of immigration in the UAE will be a key element to the development of real estate sector, according to an international property advisory firm.“We have a positive outlook for all sectors, but the key factor for development of the real estate sector is maintaining suitable immigration levels,” Nicholas Maclean, Managing Director – Middle East region, CB Richard Ellis, told Emirates Business.Dubai has a total office market stock of approximately 32 million square feet. It is difficult to get an actual ... Read More
Feb 16, 2008
Registrations for the second phase freehold land sales of Residential City at Dubai World Central (DWC) - the massive 140 square kilometre urban land project in Jebel Ali - will begin at the fourth International Property Show (IPS), Middle East's biggest transactional property show being held between 17-19 February at Dubai International Exhibition Centre.
Read more @ AMEinfo.com – DWC Residential City launches second phase sales at IPS 2008 | Dubai World Central (DWC). Read More
Feb 16, 2008
Property prices on The Palm Jumeirah are among the most expensive in Dubai and are set to continue to rise as developments on the man-made island come online.Developer Nakheel boasts that prices of homes on The Palm have rocketed by 500 per cent since they went on sale in 2002. However, some experts say the island remains a solid investment, but such a high return is not expected to continue. In 2002, 1,500 villas and 2,500 apartments were all sold within 72 ... Read More
Jan 30, 2008
Leighton Holdings Ltd., Australia's biggest builder, won a $350 million contract to build a hotel, residential and office complex in Abu Dhabi, giving it more than $1.8 billion of orders in the United Arab Emirates since buying part of a local construction company in September.Leighton will start work on the Plot 9 project next month and expects to complete the development in July 2010, the Sydney-based company said in a statement today. The complex will have a 40- story hotel, a 25-story ... Read More