NewsCirrus becomes first developer to start construction at Waterfront
Cirrus Developments LLC becomes the first third-party developer to start construction works at Nakheel’s Waterfront. The enabling works on their project, Aquarius Gate, are getting underway, and the construction works has allready reached a milestone with two-meter-deep excavations completed and...
Work on Nakheel Tower delayed
Construction work on Nakheel Tower, the 1km tower revealed at Cityscape Dubai, has been halted for a year. According to a Nakheel spokesperson, the foundation works are likely to last for three years and any further work will commence in 12 months. A senior project manager said several employees working...
Dubai property prices dropped by 8%
Colliers International reported an average 8% fall in property prices in Dubai from October 2008 to December 2008 (Q4). Despite this drop, the index shows that the year-on-year price from Q4 2007 has grown by 59%. This shows that the overall average price level is now similar to the price level recorded...
Nakheel in talks with banks to help out The World developers
Nakheel is currently in talks with banks regarding the financial situation of several developers at The World, hoping to kick-start the development, according to The National. The construction of the 254 articial islands has cost Nakheel more than Dh11bn, and many of the developers are now experiencing...
Exclusive ‘Sunset’ development launched
UAE-based real estate developer Dubai Investment Properties (DIP) today announced the launch of its exclusive multi-million ‘Sunset’ mixed-use development project in Dubai. The signature ‘Sunset’ development will include a high-end luxury shopping mall, boutique offices and lavish...
Burj Dubai reaches its final height of 818m
According to AME Info, a project contractor involved in construction of Burj Dubai announces that the tower has reached its final height of 818m. The spire was erected late December last year and the capping beacon has since been active. AME Info SHARETHIS.addEntry({ title: "Burj Dubai reaches its final...
Ajman Uptown sales reaches 70%
Click image for large view Sweet Homes recently announced that they have sold out 70 % of the Dh3bn Ajman Uptown project. Ajman Uptown comprises seven commercial and residential towers, a hotel and hotel apartments complex, and villas and townhouses. According to the announcement, the strong sales reflect...
Residents require greater transparency on maintenance fees
Residents are calling for greater transparency over how money is spent on the maintenance and upkeep of apartments. Laws regulated by Dubai’s Real Estate Regulatory Authority (RERA) say that homeowners should be able to monitor how service charges and maintenance are being spent by participating in...
Dubai Sports City near completion
The Dubai Sports City (DSC) is not only meeting its targets but is nearing completion with a few tournaments set to take place in the first half of 2009. The Dh14.7 billion cornerstone project of Dubailand is a 50 million sq ft mixed-use development that is being built around five major sports venues...
