‘Real Estate’ Archives
Dubai preferred location for first specialised real estate exchange for Middle East and North Africa
Dubai is set to house the Gulf regional branch of the world’s first specialised real estate exchange operated to serve the Middle East and North Africa, it has been announced. The Irex Group said it plans to launch its first group of exchanges, Irex Europe/Mena and Irex Canada in 2012. It will also seek permission from the Financial Services [...]
First public auction of repossessed Dubai homes soon
Dubai’s Land Department is set to hold the first public auction of repossessed homes in a month’s time, a leading lawyer has said. The real estate authority has begun evaluating repossessed properties indicating it will soon announce the date for its first public auction, a partner at the Dubai-based firm Al Tamimi and Company said.
Dubai Refreshments Company to build AED 400 million soft drinks factory at Dubai Investments Park
Dubai Investments Park (DIP), the largest integrated business and residential community in the Middle East, has signed an agreement with Dubai Refreshment Company (P.S.C), the sole franchisee and distributor of PepsiCo products in Dubai and Northern Emirates, to host the beverage manufacturer’s new, AED 400 million soft drinks factory and [...]
Dubai: $31 billion of real estate in first five months
A total of AED 117billion ($31 billion) in real estate transactions took place in Dubai in the first five months of 2010, according to figures from the land department. The highest number of transactions were in sales and mortgages raised against real estate, according to the data. It says there were 3,462 sale transactions registered in that [...]
Dubai’s Drake & Scull Is in Talks on Entering India
June 23 (Bloomberg) -- Drake & Scull International PJSC, a Dubai-based mechanical, electrical and plumbing company, said it’s talking with potential partners in India on entering the subcontinent’s market. The company is seeking joint ventures in India or to “grow with a family-owned company,” Chief Executive Officer Khaldoun Tabari [...]
Dubai Real Estate Company Offers Luxury Properties In Dubai
Dubai has always been an attractive place and always rest at the top of the list in the whole of UAE property scenario. And the current real estate company has the kept this typical tradition on going by offering luxuries properties at their best in Dubai. Did you ever dream of owning a house under the sun or a tropical hideaway in a unique [...]
Karachi new destination of flydubai
ISLAMABAD: United Arab Emirates (UAE) Ambassador to Pakistan Ali Saif al-Awani and flydubai Chief Executive Ghaith al-Ghaith reached Karachi by the inaugural flydubai, the first low cast airline, flight on Monday morning. They had candid exchange of views with passengers on board the flight. The flydubai is Dubai’s first low cost airline [...]
Dubai Real Estate Company Offers Luxury Properties In Dubai
Dubai has always been an attractive place and always rest at the top of the list in the whole of UAE property scenario. And the current real estate company has the kept this typical tradition on going by offering luxuries properties at their best in Dubai. Did you ever dream of owning a house under the sun or a tropical hideaway in a unique [...]
Equities surge; Emaar leads property rally
UAE bourses on Sunday opened the week on positive note as investors returned to Dubai Financial Market and Abu Dhabi Securities Exchange Market and made heavy buying in real estate sector. Both the stock exchanges ended higher on rising oil prices and growing confidence that Europe will contain its debt crisis. The Dubai Financial Market's [...]
Real estate stocks lead gains in UAE markets
Real estate stocks rose in Dubai and Abu Dhabi, leading both markets to extend gains from the previous session. Bellwether Emaar Properties climbed 3 percent and construction heavyweight Arabtec advanced 3.1 percent. "With net contract awards on the path of recovery in 2010 relative to the red days of 2009 and Nakheel committing to pay its [...]
