Al Fara’a Properties launches AED 1 billion ‘Burj Al Fara’a’

Al Fara’a Properties, the flagship subsidiary of the Al Fara’a Construction, Industrial and Property Group, has announced the launch of the Dh1 billion ‘Burj Al Fara’a', a state-of-the-art commercial tower located in the commercial business district of Jumeirah Village, which... 

Dubai residential prices to ease in 2010?

House prices in Dubai are set to moderate in 2010, as supply and demand begin to strike a balance, according to industry analysts. Robert McKinnon, managing director of Al Mal Capital Research, said: “Into next year we expect prices to begin to moderate, though not substantially.” There has... 

Yas Island on schedule

ALDAR Properties, the leading integrated property development company said yesterday it was on schedule for completion of phase 1 infrastructure work on its multi-faceted entertainment destination, Yas Island. Key milestones have been achieved on the multi-billion dollar project, with over 30% of the... 

Awali unveils four towers in Ajman

Awali Real Estate Investment yesterday announced the launch of four towers valued at Dh1.2 billion located within the Dh20 billion Awali City in Ajman. The 25-storey Mashrabia Residence will be residential twin towers, comprising of 800 apartments. The residence will be around 14,965 square feet on each... 

Flamingo Creek sold out

Flamingo Creek, the first residential community within The Lagoons master development at Dubai Creek, has sold out all its residential units during a recent pre-launch event. The freehold project owned by National Bonds Corporation comprises of 244 villa-style apartments and townhouses, all with unique... 

Al Mazaya subsidiary launches Waterfront project

First Dubai Real Estate Development Company, a fully owned subsidiary of Al Mazaya Holding, yesterday announced the company’s first project in Nakheel’s Waterfront development. The Kuwait-based developer purchased four plots of land valued at KD66 million (Dh915m). First Dubai Real Estate... 

Nakheel and Dubai Islamic Bank break ground on first joint venture

Tashyed, the property development joint venture set up by Nakheel and Dubai Islamic Bank (DIB), has today broken ground on its first landmark development at Jumeirah Heights. Located on land sourced from Nakheel, and comprising of a built-up area of approximately 625,000 sq ft, this lake-front development... 

Projects worth Dh300bn under way to attract tourists

The Northern Emirates’ hospitality industry is undergoing a major boom with projects worth more than Dh300 billion due to be completed by 2011. The number of tourists visiting Sharjah, Fujairah, Ras Al Khaimah and Umm Al Quwain is increasing rapidly and is expected to reach more than five million... 

Al Fara reveals Dh10 bn plans

Al Fara’a Properties, the flagship subsidiary of the Al Fara’a Construction, Industrial and Property Group, has announced its plans to launch a series of new projects collectively valued at Dh10 billion within Dubai’s most sought-after real estate destinations by the end of 2008. The... 

Work started on Gateway City

Ras Al Khaimah has started work on a multi-billion dollar new city, which will house 200,000 people and have its own mass rapid transport system, according to the daily Emirates Business 24/7. Rakeen, the real estate development arm of the Ras Al Khaimah Government, has commenced work on the project...