Dubai Real Estate Sector - Latest News Updates
The face of the real estate sector in Dubai is constantly changing. In this context, this article is an attempt at providing the latest snippets from Dubai real estate market.
• One of the iconic structures of Dubai real estate, Burj Dubai will reclaim its status of the tallest tower in the world coming Saturday. It will do so by overtaking the existing record holder Taipei 101 (509m).
• The residential units at The Bay Residences in Business Bay, Dubai are up for sale. This real estate project has been developed by Dheeraj & East Coast – a joint undertaking of UAE’s East Coast Group and India’s Dheeraj Group. The Bay Residences are comprised of 190 apartments in all, with options of one, two and three bedroom sets. The modern real estate undertaking is complete with recreational, leisure and retail spaces. At present, the joint real estate venture has about 272 million dollar worth of real estate projects underway in Business Bay.
• The Business Bay has also come to the foreground of Dubai real estate market due to the ongoing development of a 20-storey commercial tower -Water’s Edge. This is a real estate undertaking by Damac Properties. The building will have office, retail and leisure spaces along with a five-level parking lot. Damac has eight more real estate projects in Business Bay area.
• Another feather in Dubai real estate’s cap is the 220 million AED Stargate Project in Zabeel Park. This real estate development will have a spaceship-themed family entertainment zone with 50 retail units in the form of kiosks, shops, restaurants and cafes. A joint undertaking of the real estate development company Osus and Dubai Municipality, this real estate project will be ready by the end of the year. The earlier date of completion was slated for December last year but got delayed due to unforeseen difficulties in the supply of materials.
• Recently, a number of real estate developers from across Dubai came together to celebrate the International Environment Day 2007. The event was organized by Nakheel’s Waterfront and Palm Jebel Ali real estate projects and the Emirates Marine Environmental Group (EMEG) at the latter’s summer camp in Ghantoot.
• The real estate project of Schon Properties is on high demand. Within five days of the launch of Schon Business Park project, about 75 percent of the real estate development was leased out. This real estate undertaking has 410 office areas at Dubai Investments Park.
• A salary survey on the Middle East real estate industry is being carried out by Macdonald & Company, a real estate recruitment agency. The real estate professionals of the region will be surveyed on these indices – remuneration, bonuses and benefits, and job satisfaction. The results of the survey will be put forth at Cityscape Dubai 2007 in October.
• A joint endeavour of Dubai Contracting Company and Arabtec has got hold of a 293 million dollar real estate contract for constructing a 52-storey hotel in Dubai
• One of the iconic structures of Dubai real estate, Burj Dubai will reclaim its status of the tallest tower in the world coming Saturday. It will do so by overtaking the existing record holder Taipei 101 (509m).
• The residential units at The Bay Residences in Business Bay, Dubai are up for sale. This real estate project has been developed by Dheeraj & East Coast – a joint undertaking of UAE’s East Coast Group and India’s Dheeraj Group. The Bay Residences are comprised of 190 apartments in all, with options of one, two and three bedroom sets. The modern real estate undertaking is complete with recreational, leisure and retail spaces. At present, the joint real estate venture has about 272 million dollar worth of real estate projects underway in Business Bay.
• The Business Bay has also come to the foreground of Dubai real estate market due to the ongoing development of a 20-storey commercial tower -Water’s Edge. This is a real estate undertaking by Damac Properties. The building will have office, retail and leisure spaces along with a five-level parking lot. Damac has eight more real estate projects in Business Bay area.
• Another feather in Dubai real estate’s cap is the 220 million AED Stargate Project in Zabeel Park. This real estate development will have a spaceship-themed family entertainment zone with 50 retail units in the form of kiosks, shops, restaurants and cafes. A joint undertaking of the real estate development company Osus and Dubai Municipality, this real estate project will be ready by the end of the year. The earlier date of completion was slated for December last year but got delayed due to unforeseen difficulties in the supply of materials.
• Recently, a number of real estate developers from across Dubai came together to celebrate the International Environment Day 2007. The event was organized by Nakheel’s Waterfront and Palm Jebel Ali real estate projects and the Emirates Marine Environmental Group (EMEG) at the latter’s summer camp in Ghantoot.
• The real estate project of Schon Properties is on high demand. Within five days of the launch of Schon Business Park project, about 75 percent of the real estate development was leased out. This real estate undertaking has 410 office areas at Dubai Investments Park.
• A salary survey on the Middle East real estate industry is being carried out by Macdonald & Company, a real estate recruitment agency. The real estate professionals of the region will be surveyed on these indices – remuneration, bonuses and benefits, and job satisfaction. The results of the survey will be put forth at Cityscape Dubai 2007 in October.
• A joint endeavour of Dubai Contracting Company and Arabtec has got hold of a 293 million dollar real estate contract for constructing a 52-storey hotel in Dubai
posted by Property Reporter at
10:47 PM
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