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Realty NEWS - UAE

Discussion in 'Dubai property' started by Aryan Khan, Aug 26, 2008.

  1. Aryan Khan

    Aryan Khan Guest

    Dubai home prices climb 40%
    August 20 - 2008 at 13:53
    Dubai property prices jumped by about 40% in July compared to the same period last year, according to a report by Al Mal Capital cited by The National. The report said residential prices have seen a year-on-year appreciation of 40%, reaching the median price of Dhs1,831 (US$498) per square foot, while the commercial segment appreciated by 40.5%, with a median price of Dhs2,137 per sq ft.

    Select Property to build new Dubai tower
    Thursday, August 21 - 2008 at 13:52
    UK-based developer Select Property plans to build a £100m apartment tower in Dubai Marina, reported Crain's Manchester Business. The 31-storey West Avenue will have 251 flats plus shops and restaurants on the ground floor, and is due to be completed in 2011. The project is a joint venture with Dubai-based Select Group, a company based in the Emirate, and this property will be the seventh scheme in the marina for the two companies.

    Burj Lake awaits fountain name
    August 23 - 2008 at 13:29
    Emaar has announced thousands of entries have been received in its contest to name the water fountain being developed in Burj Lake within Downtown Burj Dubai. Individuals who wish to participate may suggest one name each online at a dedicated web page for the competition that can be accessed at Emaar website before it closes on September 15.

    Property stocks fall
    Thursday, August 21 - 2008 at 14:28
    Property stocks in the Gulf declined on Thursday on concern investigations into corruption at real-estate companies in the UAE may widen, reported Bloomberg. Tamweel sank to the lowest this year, even after the company denied it's being investigated by Dubai police. Aldar Properties fell for a second day, while Emaar Properties dropped to the lowest in more than three years.

    Tiger Woods master plan unveiled
    Monday, August 25 - 2008 at 15:44
    Tatweer and Tiger Woods have unveiled the master plan for The Tiger Woods Dubai, the exclusive residential golf community. The project will encompass Al Ruwaya, the first golf course designed by Tiger Woods, which will offer only 200 memberships with residents of the community being given top priority. Residences at The Tiger Woods Dubai will include 22 palaces, 75 mansions, and 100 signature villas.

    more to come...

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