http://www.aidu.com 22 March 2011

Dubai Marina...

Why Invest in Egypt? Part 3 30 September 2010

TAX BENEFITS

The recent abolition of many administrative requirements relating to tourist activity, an easy to follow tax system and the absence of any inheritance or capital gains tax
for foreigners are all added incentives to purcha...

Why Invest in Egypt? Part 2 30 September 2010

TOURISM

Tourists have always been attracted to Egypt for its history, warm waters of the Mediterranean Sea, for the diving possibilities on the Red Sea and more recently for the luxury hotels and resorts. The number of tourists in Egypt ha...

Why Invest in Egypt? Part 1 30 September 2010

The Egyptian banks have only recently begun to extend lending to individuals for property purchases and have not exposed themselves to the kinds of high risks that other banks and financial lenders have in the more developed world. In fact in July 20...

Dubai in first property price rise since 2008 20 May 2010

Original Article from "The National"

Property prices in Dubai rose an average of 2 per cent in the first quarter of this year from the same period last year, marking the first year-on-year increase since the emirate’s property bubble bur...

Growing Retail Demand on Dubai Marina  12 May 2010

"Retail Space on Dubai Marina is evidently becoming increasingly popular as we have experienced first hand, with our commercial units in The Point now completely sold out and units in Royal Oceanic selling out in just over a month from release. High ...

Strength in Dubai's Retail Sector 12 May 2010

"Amidst the financial crisis Dubai’s retail sector has shown tremendous resilience according to recently-released analysis by Dubai Chamber of Commerce and Industry. Based on a study by Business Monitor International, the UAE ranks first in the retai...

Dubai Welcomes 10,000 New Residents Each Month 12 May 2010

"Dubai’s population surpassed 1.8 million in the first quarter of 2010 according to new figures released this month. Furthermore, current Dubai Statistics Centre data shows that over 10,000 new residents arrive in Dubai every month. Analysis of the d...

Al Hamra Attracts Investors to RAK 30 March 2010

There has been a positive market reaction to RAK’s Al Hamra Village – the emirate’s latest exclusive residential and leisure development. The project’s promoters ‘Better Homes’ has seen a great deal of advance bookings, a much higher amount than expe...

Al Hamra Village, Ras Al Khaimah 30 March 2010

Al Hamra Village is an exclusive residential and leisure resort in the south of Ras Al Khaimah City, in the emirate of Ras Al Khaimah – which is fast becoming a tourist hotspot. The area is 5 million square metres of beautiful salt water lagoons, a c...

A Little About Al Marjan Island - Ras Al Khaimah 19 March 2010

Al Marjan Island is located in south-west RAK and is an offshore island tourist development costing AED 6.6bn or US$ 1.8bn. The development will be close to the Al Hamra Fort hotel and Al Hamra Village, roughly 27km or 17 miles from the city centre. ...

Ras Al Khaimah's Yasmin Village 18 March 2010

Yasmin Village is a new rural residential and commercial project in Ras Al Khaimah. It is an AED 800m (US $ 217m) development by ‘Binna Real Estate’ which will cover 4.6m sqft and shall reside 6km from the city-centre and 15km from the emirate’s inte...

Kempinski Hotel Residences, Zero Defaults 17 March 2010

There have been no payment defaults by customers of the Palm’s Kempinski Hotel Residences, Emerald Palace Group has said this week. The firm said that zero defaults is a reflection of customer confidence in the luxury Palm homes project, and generall...

Newly Opened Mirdif City Centre Shopping Mall 17 March 2010

Majid Al Futtaim Properties has said of its new Mirdif City Centre development that it is expected it will attract 20 million visitors per year. The AED3bn Mirdif City Centre project is the latest of Dubai’s luxurious shopping malls and has 196,000 s...

The Springs, Community Service Charges Reduced 15 March 2010

Community service fees in The Springs, Dubai have been reduced in 2010, Emaar Properties has told us. Homeowners there will now pay the new rates of Dh2.03/sqft of plot area which is a 6.5% reduction from last year’s rates. After having revised 2009...

Abu Dhabi Finance Lowers Mortgage Rates 10 March 2010

Abu Dhabi Finance Chairman Ali Eid al Mehairi has said that the company has been given financial help by the Department of Finance which is geared towards lowering its mortgage rates to the lowest in the country. Abu Dhabi Finance – a part-government...

Al Hanoo's New Development Division  10 March 2010

Leading GCC property developer Al Hanoo has recently unveiled the launch of its new development division in the UAE; ‘Marsa Al Nejoum Real Estate LLC’. Al Hanoo’s Chairman Shaikh Abdullah Al Sakra, said “we are proud to announce the establishment of ...

Property Industry Debate At Cityscape Abu Dhabi  10 March 2010

Cityscape Abu Dhabi will take place from the 18th to the 21st of April in the National Exhibition Centre, Abu Dhabi (featured in photo). The event will bring together over 120 speakers from more than 25 countries for the purpose of debating issues wi...

Starwood Plans Two Luxury Hotels in Abu Dhabi 09 March 2010

Starwood Hotels & Resorts Worldwide has said it has 4 luxury properties planned for the Middle East in the next 5 years. The company will be opening the 4 top-end luxury lifestyle brand ‘St. Regis’ hotels in Abu Dhabi, Doha and Cairo. Starwood made t...

Armani Hotel Dubai Launch Reset for April 22 09 March 2010

The opening launch date of the Armani Hotel Dubai has been put back until April 22nd, it has been revealed. The opening of the new hotel, which has been eagerly awaited amongst the people of Dubai, was initially due to take place on March 18th. The l...

Jones Lang LaSalle Creates Retail Business Unit 08 March 2010

Property investment and advisory firm Jones Lang LaSalle has created a new retail business division for the Middle East and North Africa. The firm has said it sees the retail sector as a key growth driver. The firm’s new retail business unit shall pr...

RERA Will Take Legal Action Over False Complaints 08 March 2010

Dubai’s Real Estate Regulatory Agency (RERA) has said it will take legal action against anyone who gives false information when making a complaint. This is clearly stated on the agency’s online complaint form – “providing wrong information regarding ...

Refund for Property Investor, Niki Lauda Towers  08 March 2010

A British businessman and property investor has been refunded on an office unit which he purchased in the delayed Niki Lauda Twin Towers, in Business Bay. The proposed towers, which are named after a Formula One driver, are one of three projects laun...

Nakheel Announces New Chief Commercial Officer  03 March 2010

Dubai developer Nakheel has revealed its new chief commercial officer to be Aqil Kazim. Kazim, formerly director of Jumeirah Golf Estates, replaces Manal Shaheen. Shaheen, who served the firm since 2005, exited as a result of former chief executive o...

First Construction Work on World Islands Begins 03 March 2010

Developer ‘The Kleindienst Group’ has now commenced construction work on The World Islands. This makes the Dubai-based firm the first to break ground on The World – it is working on Germany Island. Kleindienst has said that although it is the first g...

Last Marina Residences Tower Now Handed Over  03 March 2010

The final Marina Residences tower at Palm Jumeirah has now been handed over to the project’s developer Nakheel by contractors. The first stage of the handover of the Marina Residences properties began in the latter part of last year. This, the last o...

Louvre Abu Dhabi Piling Works Contract 26 February 2010

The Tourism Development and Investment Company (TDIC) of Abu Dhabi have awarded a contract for the piling works of the Louvre Abu Dhabi museum on Saadiyat Island. The contract has been awarded to Bauer International FZE, a German construction company...

Burj Khalifa's Armani Residences Handover 26 February 2010

The first residents of the Burj Khalifa will soon be moving into the tower’s Armani Residences. The Burj’s developer Emaar Properties is currently holding an orientation programme for the owners of the Armani Residences. Work on the Burj’s residences...

Work on Burj Khalifa Observation Deck  10 February 2010

Burj Khalifa contractors have temporarily closed the tower’s observation deck in order to carry out some maintainance work and upgrading. There have been some technical issues involving the power supply, it will be reported as soon as ‘At the Top’ re...

Drake and Scull Wins Dhs187 Hotel Project in AbDh 10 February 2010

Dubai construction company Drake and Scull International has been awarded a Dhs187m ($51m) contract for work on an Abu Dhabi hotel. The firm has said that this makes the third project that it has won in the first quarter of this year. The total value...

'Mubadala' Seeks Finance for Sowwah Square Project 10 February 2010

Abu Dhabi developers Mubadala will be asking for a $1.2 billion finance loan from banks in order to afford the development of the Sowwah Square project (as pictured) on Sowwah Island, Abu Dhabi. Upon completion of the project, the island will be home...

'Tiger Woods Dubai' Project Proceeds 03 February 2010

Dubai Properties Group has confirmed that the Tiger Woods project will be completed as intended. The golf course and luxury residential development, which was due to be completed in September 09, was delayed as a result of the real estate difficultie...

Arabtec Wins Dh710m Construction Contract in Dubai 01 February 2010

UAE Construction master Arabtec has won a Dh710million ($193.3m) contract to erect an 80-storey tower on Sheikh Zayed Road, Dubai. The new building will comprise a 5-star hotel, luxurious furnished apartments and offices. As well as the 80 floors, th...

Dubai Land Department's New Online Services 01 February 2010

The Dubai Land Department has launched its new online services which will facilitate and hasten transactions. The new services include the option for the immediate online registration procedure and will enable property buyers, investors and professio...

Clients Impressed at 'Cedre Villas' Open Days 01 February 2010

Dubai’s ‘Harbor Real Estate’ has been promoting its Cedre Villas at ‘open house’ days. The fully decorated Cedre Villas units, located in Dubai Silicon Oasis, were shown to large numbers of customers in the last few weeks. These customers said that ...

Ritz-Carlton Dubai to Have Large Expansion 28 January 2010

Hotel chiefs have said this week that they plan to expand the Ritz-Carlton, Dubai to have more rooms. The project will start in April and will comprise the addition of another 160 rooms and several new restaurants to the hotel. It is expected to reac...

'RAK Properties' Awards Contracts for Mina Al Arab 28 January 2010

‘RAK Properties’ has granted 3 construction contracts for its Mina Al Arab project – one phase of which will be handed over in Q2 this year. The 3 construction contracts, worth AED400m ($108m), have been awarded to DTC, Al Tameer and AAA Contracting....

Ras Al-Khaimah Projects Near Completion in 2010 28 January 2010

This year will be bright for 'RAK Properties' with a value of $272.3million worth of projects approaching the completion and handover stages. This news comes from the developer’s chief executive Mohammed Sultan al Qadi. Unfortunately, it endured a 45...

Damac to Handover 6 Projects in 2010 28 January 2010

Damac has said this week that it will be handing over 6 projects to customers this year. These are 2 fractions of their Emirates Gardens project, Jumeirah Village South’s Tuscan Residences, Lago Vista at IMPZ, XL Tower and Business Tower in Business...

Work on The World Islands Progresses, Says Nakheel 28 January 2010

Nakheel has announced this week that work will start on a number of The World Islands in the coming months. The progress starts as Major Trade – European developer – has commenced work on soil testing and reclamation on the ‘Greenland’ island, in pre...