Khoie and Arabtec sign Dh2.5bn La Hoya Bay deal

Khoie and Arabtec sign Dh2.5bn La Hoya Bay deal

A memorandum of agreement (MOA) for the construction of La Hoya Bay Development in Ras Al Khaimah was signed yesterday between Khoie and Arabtec. The total value of the project is estimated at 2.5 Billion Dirhams to be constructed in phases over the next 54 months. The first phase of the project valued... 

July 26, 2010 | Read the story »

Dubai Government Seize Properties

Dubai Government Seize Properties

The Dubai Land Department starts to deregister properties after sending letters to investors who have failed to fullfill their payments on off-plan project, The National reported. The cancellations were sent on behalf of developers that have completed 80% or more of a project, which can be made due to... 

May 25, 2010 | Read the story »

MAG 218 Ready For Handover

MAG 218 Ready For Handover

The MAG 218 residential tower, built at a cost of AED450 million and consisting of 555 apartments spread over 66 floors, is now complete and ready to be handed over to residents following the official opening ceremony yesterday (Saturday 15 May). Commenting on the handover, Mohammed Nimer, CEO of MAG... 

May 17, 2010 | Read the story »

Dubai may seize properties

Dubai may seize properties

The Dubai Land Department may begin seizing off-plan properties whose owners are in default. The authority has started notifying investors who have defaulted that if they fail to make their outstanding payments within two weeks that 40 per cent of any money they have paid so far will be confiscated,... 

April 25, 2010 | Read the story »

Capitala Highlights Rihan Heights Progress At Cityscape Abu Dhabi 2010

Capitala Highlights Rihan Heights Progress At Cityscape Abu Dhabi 2010

Capitala announced today on the back of Cityscape Abu Dhabi 2010, significant progress for Rihan Heights, the first residential phase of its maiden project – Arzanah. Arzanah, Capitala’s flagship project, is a 1.4 million square metre development encompassing residential, retail, commercial,... 

April 17, 2010 | Read the story »

Kuwaiti NREC launches Dh1.2bn project in Abu Dhabi

Kuwaiti NREC launches Dh1.2bn project in Abu Dhabi

Kuwaiti developer, National Real Estate Company (NREC), is set to develop a Dh1.2 billion four-tower residential waterfront project called Carina Views on Najmat Abu Dhabi in Al Reem Island. The project consists of four 22-storeys residential towers with 684 units in all. The project is intended for... 

April 13, 2010 | Read the story »

Nakheel offer investors in Palm Jebel Ali more options

Nakheel offer investors in Palm Jebel Ali more options

Close to 700 investors in Palm Jebel Ali have expressed their dissatisfacion with Nakheel’s offer of alternative properties and have announced plans to bring lawyers into the matter. Nakheel recently received US$9bn (Dh33bn) from the Dubai Government to revive stalled projects and settle debt,... 

April 1, 2010 | Read the story »

Emaar and investors meet to discuss delayed projects

Emaar and investors meet to discuss delayed projects

Emaar Properties and representatives of 380 investors of two delayed projects plan to meet, Meed has reported. The investors of Claren One and Burj 29 Boulevard are threatening legal action against Emaar over the two residential projects, worth over $760m. Emaar recently announced that Burj 29 Boulevard,... 

March 30, 2010 | Read the story »

Kempinski Residences at Palm Jumeirah ready for handover

Kempinski Residences at Palm Jumeirah ready for handover

Luxury units at Palm Jumeirah are ready for handover within next month. The Kempinski Residences, developed by Emerald Palace, comprises 260 private residences, townhouses and penthouses, including 20 grand villas set within the hotel’s landscaped grounds. More than 240 residential units were sold... 

March 17, 2010 | Read the story »

Khoie says La Hoya Bay-investors can claim refund

Khoie says La Hoya Bay-investors can claim refund

Khoie Properties arranged a meeting on Friday at their office in Dubai for investors in La Hoya Bay. Investors in the much delayed project have experienced multiple delays, rumours about an insolvent developer, the CEO being placed in jail and the project being taken over by the Government of Ras Al... 

March 7, 2010 | Read the story »

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