Dubai-based real estate company Al Mazaya Holding has announced that it has bought back 6% of its shares in a bid to boost the market value of the company's equities. This decision follows the recent introduction of a law allowing companies to buy back a maximum of 10% of their total shares....
Abu Dhabi-based developer Al Maabar has announced plans to launch a Dhs36.5bn mixed use residential and leisure project in the Iraqi capital. The project will include some of the largest entertainment spots in Baghdad, including parks and cinemas. Al Maabar is backed by developers Aldar, Sorouh, Ree...
Abu Dhabi-based developer Aldar has announced that John Bullough, the group's COO, will take the helm as the company's new CEO. Former chief Ronald Barrott will remain on the board and act as advisor to the chairman....
The contract for enabling and piling works for the Creek Towers and Plaza project in Dubai Maritime City has been awarded to Sharaf Foundations. The project is expected to be completed by Q3 2009 and work will cover 69,000sqm....
Dubai-based mortgage provider Tamweel has been given a long term issuer default rating of 'A' by Fitch Ratings, which reflects the strong probability of government support. The company's individual rating is only at 'C/D', reflecting concerns over wholesale funding in worsen...
Landvest Dubai has on offer a variety of freehold properties for sale across the Palm Island Dubai a man made island. The Palm islands in Dubai are the three largest artificial islands in the world. The master developers of these islands are Nakheel Properties, a government backed property developer in the United Arab Emirates. The islands are The Palm Jumeirah, The Palm Jebel Ali and The Palm Deira. The islands were commissioned by Sheikh Mohammed bin Rashid Al Maktoum in order to encourage Dubai's tourism and international foreign investment.
Each master plan will be in the shape of a palm tree, topped with a crescent, and will have a number of residential, leisure and entertainment complexes. The Palm Islands Dubai is located off the coast of The United Arab Emirates in the Arabian Gulf and will add 520 km of shoreline to the city of Dubai. Throughout Palm island Dubai there will be over 100 luxury hotels, VIP residential beachside villas and apartments, marinas, water theme parks, restaurants, themed malls, sporting facilities and spas.
On the Palm Island Dubai already eight of the 32 hotels on The Palm Jumeirah have began construction, which includes the Taj Exotica Resort and Spa a world famous hospitality brand, which is planned for completion end 2009. Palm Island Dubai has also seen the first phase of Atlantis get under for construction which is due to be completed in December 2008. Palm Island Dubai, the "Golden Mile", the strip of land located along the centre of the trunk overlooking the canal, is due for completion in 2008.
Palm Island Dubai and construction has already started on the Palm Monorail, this is scheduled to be completed in three years from now and will serve as a public transportation system between the Gateway Station at the trunk of
The Palm Jumeirah
and the Atlantis Station on the crescent.
