Latest stories making the news in the UAE

News and headlines from the real estate sector:

07/04/2010

GCC fund looks to invest Dh500m in Dubai property
A Gulf Co-operation Council-based fund is looking to invest Dh500 million in non-freehold areas of Dubai such as | More

ADIH posts Dh17m profit, approves 5% dividend
Abu Dhabi Investment House (ADIH) posted a net profit of Dh17 million for 2009 and approved five per cent cash | More

Silver lining in the realty downturn
An astute market player can capture higher yields and gains from the currently shaky real estate sector in Dubai, | More

Construction of Dh1.8b Emirates Park Towers project firmly on track
Dubai: Construction of the Dh1.8 billion Emirates Park Towers project, a 1,612 room twin-tower hotel and | More

Abu Dhabi unveils BATEENA waterfront designs
As part of Plan Capital 2030, the Abu Dhabi Urban Planning Council – the agency responsible for the future of the | More

Public-private tie-up to fund big projects in Mideast
The financing of major multi-billion dollar infrastructure projects such as roads, railways, electricity, water | More

MUBADALA's Maldives resort to open in Dec
Mubadala Development Company (Mubadala), has partnered with luxury Maldives developer, EON Resorts, to develop an | More

04/04/2010

Middle East is a growth region
Dubai: One of the world's largest suppliers and producers of paint,Jotun Paints reported its best business year | More

UAE infrastructure to touch Dh80bn
The UAE's infrastructure sector will grow by 3.3 per cent this year and the industry value will reach Dh79.6 | More

Ajman launches plan to boost development
Ajman is going ahead with its development projects and is encouraging investments to achieve economic and social | More

Al Habtoor Leighton Group eyes Gulf and Libyan expansion
Dubai: Dubai-based Al Habtoor Leighton Group is eyeing expansion into Kuwait, Oman and Libya this year shifting | More

UAE gives $10m for Maldives development
UAE has granted $10 million (Dh36.7m) to support development in the Maldives during 'Maldives Donor Conference | More

SHUAA Capital to turn profitable this year
Shuaa Capital plans an aggressive approach to bring the company back into profits this year, its chief executive | More

Tamouh to hand over Marina Square units in May
Reem Island master developer Tamouh will start handing over the first phase of its Marina Square development in | More

30/03/2010

UAE's infrastructure growth seen at 3.3% in 2010
The UAE's infrastructure construction industry is predicted to grow by 3.3 percent in 2010, fuelled by Abu Dhabi | More

Royal Capital launches investment fund
Abu Dhabi-based, privately-owned Royal Capital yesterday said it launched its debut investment fund that targets | More

Dubai's Arabtec wins $143m Qatar project
Dubai's Arabtec said on Monday its Qatar subsidiary won a $142.7 million contract as the builder continues to | More

Target wins two projects worth Dh835 in capital
Target Engineering Construction Company, a subsidiary of Arabtec Holding was awarded two projects in Abu Dhabi | More

Abu Dhabi raises its profile with new skyline
Abu Dhabi’s skyline has begun sprouting the type of towers that help put a city on the world map. Not only is | More

Meydan signs JV to build $4bn 'horse city' in China
Dubai master developer Meydan has entered into joint venture with two Chinese and one Malaysian firms to build a | More

DIB arranges Dh790m for Kuwaiti construction group
Dubai Islamic Bank (DIB) yesterday said it had arranged Dh790 million financing facility for Kuwaiti construction | More

18/03/2010

UAE and Saudi Arabia among best Arab investment destinations
UAE, along with Qatar and Kuwait, stands second only to Saudi Arabia as the most attractive investment | More

Mubadala attracts more investors
Abu Dhabi-based sovereign wealth fund Mubadala, which has tapped capital markets to refinance its majority-owned | More

Investments Park project's Dh300m final phase begins
Dubai Investments Park (DIP), a wholly owned subsidiary of Dubai Investments, has announced the launch of phase 8 | More

New luxury residences handed over in Dubai
The latest lavish homes on Dubai’s Palm Jumeirah are being handed over to residents following the completion of | More

Dubal profit hits Dh1.1bn, output rises 7% in 2009
Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and Chairman of the Board of | More

Ocean race puts wind into Abu Dhabi’s sails
The Volvo Ocean Race, one of the world’s toughest around-the-globe yachting competitions, is forecast to bring | More

First four nuclear reactors will all be built at one site
Abu Dhabi: The UAE's first four nuclear reactors will be built on one site, a spokesman for the Emirates Nuclear | More