[Abu Dhabi , International]
Posted
Jul 10, 2008 2:28:15 PM
by Anonymous
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The government of Abu Dhabi bought a 90 percent stake in the Chrysler Building on Tuesday for $800 million from German real estate investors and Tishman Speyer.
Real estate executives who were told about the transaction said that Tishman Speyer sold the investment council an additional 15 percent, and that the total price was $800 million. The investment council is also negotiating to buy the retail ...
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[Abu Dhabi , Studies/Reports]
Posted
Jun 15, 2008 2:58:57 PM
by Anonymous
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Abu Dhabi Property Boom to continue: Strong growth backed by huge pent-up demand, a growing population and liberalisation of the real estate sector is expected to keep prices strong for the next five to seven years according to a report by EFG-Hermes, a regional investment bank.
The report said that the strength and longevity of the real estate cycle in Abu Dhabi is backed by shortages of all ...
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[Abu Dhabi , International]
Posted
Jun 13, 2008 1:56:59 PM
by Admin
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ADIA might acquire treasured New York skyscrapers: The iconic Chrysler and Flatiron skycrapers may soon join New York's GM Building as landmarks sold in part to Arab or European investors as the weak dollar spurs property grabs in the Big Apple, reports said Friday.
The 50-story General Motors Building, constructed in 1968 and which includes the Apple Store on Fifth Avenue, has already been sold ...
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[Abu Dhabi , Construction]
Posted
Jun 10, 2008 2:22:09 PM
by chiropractor
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Hydra Village, Abu Dhabi - Excavation work completes: Hydra Properties, the leading UAE-based real estate developer, has announced that the excavation and substructure work at Hydra Village in Abu Dhabi, the regions' finest eco-living retreat, is 50% complete in record time.
Dr. Sulaiman Al Fahim, CEO, Hydra Properties, said, "We, at Hydra Properties, are determined to keep our promises. ...
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[Abu Dhabi , Exhibitions]
Posted
May 22, 2008 5:07:01 PM
by Wyne
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Cityscape Abu Dhabi which concluded last weekend, witnessed deals and transactions worth $36 billion, the organisers said on Wednesday.
Mark Goodchild, project manager, Cityscape Abu, said, "Many of the master developers made contact with institutional or private investors, which will require due diligence on both sides prior to closing any deals. We have estimated the amount of projected ...
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[Abu Dhabi , Law]
Posted
May 21, 2008 4:07:46 PM
by zq
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The real estate developments in Abu Dhabi are in excess of Dh1 trillion and there is need to regulate the real estate development activities in the emirate. UAE capital is working to introduce and implement a set of real estate regulations that will become a comprehensive regulatory framework for Abu Dhabi.
The introduction of the escrow law will contribute to the credibility of Abu Dhabi's real ...
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[Abu Dhabi , Opinion]
Posted
May 17, 2008 5:11:18 PM
by zq
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The real estate sector in Abu Dhabi is at a financial risk as commercial banks avoid long-term mortgages in favour of short-term quick gains, the weekly report of the emirate's Department of Planning and Economy (DPE) warned.
"The boom in real estate business was not followed by appropriate finance mechanisms. Financial institutions lagged behind in providing property finance satisfactorily ...
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[Abu Dhabi , Exhibitions]
Posted
May 14, 2008 4:01:25 PM
by Anonymous
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Cityscape Abu Dhabi was inaugurated by HH Sheikh Mohammed bin Zayed Al Nayhan, Crown Prince, Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces at the Abu Dhabi National Exhibition Centre. He also paid visit various stands to have a look at the models of real estate developments.
The Government of Abu Dhabi has requested Cityscape Abu Dhabi, the premier real estate development and ...
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[Abu Dhabi , News]
Posted
May 14, 2008 4:01:15 PM
by Anonymous
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Abu Dhabi's five-year plan focuses on diversification: The Abu Dhabi Department for Planning and Economy (DPE) said its strategic five-year plan is focussing on developing the industrial sector and further diversifying the economy. The department's focus up to 2012 will be set on adjusting the regulatory and legal environment, as well as supporting the private sector and small and medium enterprises ...
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[Abu Dhabi , Exhibitions]
Posted
May 13, 2008 2:33:48 PM
by Admin
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Cityscape Abu Dhabi inaugurated: General Shaikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces inaugurated the sixth Cityscape Abu Dhabi exhibition on Tuesday.
The event, spread across 30,000 square metres in six halls of the Abu Dhabi Exhibition Centre, is the largest ever Cityscape with participation from more than 300 exhibitors. ...
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[Abu Dhabi , Launches]
Posted
May 11, 2008 3:56:20 PM
by mcdar
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Bawabat Al Sharq development unveiled in Abu Dhabi: Bani Yas Investment and Development Company (BID), investment and development arm of Abu Dhabi-based Bani Yas Sports Club has launched Bawabat Al Sharq, a massive 108 hectares mixed-use real estate development in Bani Yas city located in UAE's capital. This project will encompass modern residential, retail, entertainment and sporting facilities including ...
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[Abu Dhabi , Studies/Reports]
Posted
May 11, 2008 3:56:13 PM
by mcdar
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Abu Dhabi real estate to appreciate by 30% in 2008: Urban Structure Framework Plan', an endeavor to make the emirate emerge as a global capital city. This plan involves development of real estate projects in the city in line with real estate laws and urban & environmental planning.
There are approximately 14,000 villas and 18,000 apartments worth Dh200 billion under various stages of construction ...
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[Abu Dhabi , Launches]
Posted
May 7, 2008 3:44:38 PM
by chiropractor
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MBI launches Deerfield Town Square in Abu Dhabi: MBI, real estate development firm based in Abu Dhabi, has unveiled ‘Deerfield Town Square', Dh1 billion mixed-use real estate development, featuring commercial, residential, retail and hospitality components. Located in Al Bahia area of Abu Dhabi, the capital of the UAE, the development boasting of Victorian type architectural style will be close to ...
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[Abu Dhabi , Rentals]
Posted
May 4, 2008 3:54:15 PM
by Admin
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Rents in Abu Dhabi soared 17 per cent in the first quarter, compared to the year-earlier period, according to a study by the Department of Planning and Economy (DPE).
The soaring rents are a result of a combination of factors - including the growing demand and aggravating construction costs, the study said.
The available data indicate that the increasing rents are the major cause of growing ...
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[Abu Dhabi , DAMAC]
Posted
May 1, 2008 4:10:03 PM
by mcdar
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DAMAC launches Harbour Heights in Abu Dhabi: DAMAC Properties, UAE's supreme real estate developer, has announced the launch of Harbour Heights, an iconic residential development at Al Reem Island in Abu Dhabi. Harbour Heights will be built as part of Eshraq project within Al Reem Island, impressive master development, offering a vast array of luxury amenities and world-class infrastructure unmatched ...
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[Abu Dhabi , Aldar]
Posted
Apr 30, 2008 5:48:04 PM
by zq
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Coconut Island project, a joint venture between ALDAR, leading real estate developer in Abu Dhabi, and National Corporation for Tourism and Hotels (NCT&H) is expected to finish by early 2011. ALDAR has announced the appointment of RW Armstrong & Associates as Architect of Record for Coconut Island project, a premium resort and gated residential development located off the UAE capital's west ...
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[Abu Dhabi , Tourism]
Posted
Apr 28, 2008 3:59:22 PM
by chiropractor
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Tourism Development and Investment Company (TDIC), Abu Dhabi's leading tourism asset developer, has unveiled a plan to develop desert islands in the Western Region of Abu Dhabi, UAE's capital. The development will be in a phased manner until 2020 at an estimated investment of Dh11.5 billion.
Centered around the Al Sila area, the real estate development features malls, marinas, cruise ship facilities, ...
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[Abu Dhabi , Construction]
Posted
Apr 28, 2008 3:59:16 PM
by chiropractor
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Abu Dhabi National Exhibitions Company (ADNEC), the first class MICE venue provider in the Middle East located in the UAE, has announced that construction of Capital Gate, Abu Dhabi's iconic real estate development, is proceeding as per schedule. The latest stage of the construction is the pouring of over 6,000 cubic meters of concrete to create the base of the 160m, 35-storey iconic tower.
Simon ...
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[Abu Dhabi , Exhibitions]
Posted
Apr 25, 2008 4:24:42 PM
by zq
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Cityscape Abu Dhabi, the UAE capital's premier real estate development and investment showcase, will take place next month (13-15 May 2008) at the Abu Dhabi Exhibition Centre. It is a sell-out, according to the organizers.
With more than 30,000 square metres of exhibition space and over 300 exhibitors, organisers IIR Middle East say there is now a waiting list of potential exhibitors hoping for ...
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[Abu Dhabi , Low Cost]
Posted
Apr 20, 2008 2:22:15 PM
by zq
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Abu Dhabi plans Housing Quota for low income groups: The Abu Dhabi Government will ask real estate developers to allocate 20 per cent of their number of housing units for lower income groups, a senior official has said.
The recommendations were made in a housing study conducted by the emirate's Department of Planning and Economy. The study is to be presented to the Abu Dhabi Executive Council for ...
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