http://www.zawya.com/middle-east/realestateen-usCopyright 2010 ABQ Zawya Ltd. All rights reserved.Wed, 10 Feb 2010 12:09:00 GMT5014476http://www.zawya.com/middle-east/realestatehttp://www.zawya.com/images/newsletter_zawya_logo.gifhttp://www.zawya.com/story.cfm/sidZAWYA20100210120929/Beirut Attracts Regional Property Event "Estate Lebanon" Organized by WTC Beirut on June 2-3 World Trade Center Beirut announced that the 1st edition of "Estate Lebanon: Lebanon Property Investment Forum" will be held at the Moevenpick Hotel in Beirut on the 2nd & 3rd of June 2010.Chadi...Wed, 10 Feb 2010 12:53:29 GMTPress Release ZAWYA20100210120929Openhttp://www.zawya.com/story.cfm/sidZW20100210000101/Dubai Ruler Sets Up Foundation To Manage Properties, FundsDubai's ruler Sheik Mohammed bin Rashid Al Maktoum set up the Safa Foundation to own and manage properties and funds assigned to it by the government.Wed, 10 Feb 2010 08:16:25 GMTZawya Dow Jones News ZW20100210000101Openhttp://www.zawya.com/story.cfm/sidZAWYA20100209041200/Construction in progress at Jeddah's first office tower JEDDAH - The Bride of the Red Sea is on the threshold of a new era in architectural achievement as construction work is being accelerated on the city's first office tower that meets international standards and specifications.The Headquarters...Wed, 10 Feb 2010 05:32:33 GMTThe Saudi Gazette ZAWYA20100209041200Openhttp://www.zawya.com/story.cfm/sidZAWYA20100210045949/Speculation 'locks' Bahrain areas from development The "rampant" land speculation that took place in 2007 and 2008 has resulted in large areas of Bahrain being effectively "locked" from development, at least in the short term, according to CB Richard Ellis.Wed, 10 Feb 2010 05:22:59 GMTEmirates Business 24/7 ZAWYA20100210045949Openhttp://www.zawya.com/story.cfm/sidZAWYA20100210050156/Deyaar still working on overseas expansion plan Deyaar Development's overseas expansion plan for 2010 is still under consideration as it monitors potential opportunities, the company's CEO told Emirates Business."It is important to remember that unlike earlier, when you had to move quickly in...Wed, 10 Feb 2010 05:21:32 GMTEmirates Business 24/7 ZAWYA20100210050156Openhttp://www.zawya.com/story.cfm/sidZAWYA20100210042049/Dubai Apartment Prices Fell 4.3% in Q4, 2009In Dubai's residential property market, quarterly sale prices of villas remained unchanged and apartments declined 4.3 per cent during the fourth quarter of 2009.Wed, 10 Feb 2010 04:44:26 GMTEmirates Business 24/7 ZAWYA20100210042049Openhttp://www.zawya.com/story.cfm/sidpdf_090210121433/Markaz: Egypt Real Estate - Trends and Outlook (09-Feb-10)Consumption, which accounts for 70-75% of Egypt?s economic activity lead to a higher average nominal activity growth rate at 20% in internal trade during 2003-09 compared to the economic growth 17%. Seasonally adjusted trade establishment formation data indicates a sustained uptrend in number of establishments formed while overall establishment data is yet in plateaus. Supply data suggests that there is one supermarket for every 53510 people in Cairo, which indicates the prospects for development in this segmentTue, 09 Feb 2010 12:11:00 GMTKuwait Financial Centre pdf_090210121433Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20100209105504/Egypt real estate to revive and peak by 2013-15After going through the moderate impact of the economic slowdown, Egypt real estate sector is expected to provide with a healthy long term prospects in all of its sub-segments says the new real estate report from Kuwait Financial Centre S.A.K "Markaz" on the Egypt Real Estate sector.Tue, 09 Feb 2010 11:18:54 GMTPress Release ZAWYA20100209105504Openhttp://www.zawya.com/story.cfm/sidZAWYA20100209084024/Deficit Of Grade A Developers In Dubai & Abu DhabiThe quantitative evaluation carried out by a panel of industry revealed a deficit of Grade A developers in both Dubai and Abu Dhabi according to Landmark Advisory's latest quarterly report.Tue, 09 Feb 2010 10:52:41 GMTPress Release ZAWYA20100209084024Openhttp://www.zawya.com/story.cfm/sidZAWYA20100209033700/Al-Mazaya sells Saudi propertyKuwaiti real estate developer Al-Mazaya Holding said on Monday it would add SR23.1 million of ($6.16 million) profit from the sale of a property in Saudi Arabia to its first quarter profits. Tue, 09 Feb 2010 07:19:38 GMTArab News ZAWYA20100209033700Openhttp://www.zawya.com/story.cfm/sidZAWYA20100209040052/Cityscape Dubai Renamed as Cityscape GlobalCityscape management announced on Monday that 2010 would be the ninth consecutive year that a Cityscape event will be held in Dubai, but under a new name -- Cityscape Global -- to acknowledge its place as a significant international platform for the real estate industry.Tue, 09 Feb 2010 07:11:24 GMTKhaleej Times ZAWYA20100209040052Openhttp://www.zawya.com/story.cfm/sidZAWYA20100209042954/Work on Olgana will begin in second or third quarter: AbyaarAbyaar Real Estate Development, Kuwait-based developer, said it will start construction of Olgana Tower in Acacia Avenue Al Sofouh area by second or third quarter, said a spokesperson.Tue, 09 Feb 2010 06:56:20 GMTEmirates Business 24/7 ZAWYA20100209042954Openhttp://www.zawya.com/story.cfm/sidZAWYA20100209051801/RAK Properties net cash-positive with sufficient funding: NomuraRAK Properties remains net cash-positive, and the Investment and Development Office (IDO) loan provides a sufficient financing bridge for ongoing capital expenditure requirements, according to Nomura, a research company.Tue, 09 Feb 2010 06:20:19 GMTEmirates Business 24/7 ZAWYA20100209051801Openhttp://www.zawya.com/story.cfm/sidZAWYA20100209032344/Damac Aims To Strike Out Landmark DIFC CaseDamac Properties has filed a motion to stop an investor's lawsuit being heard in DIFC courts, and has also moved to strike the case entirely.Tue, 09 Feb 2010 05:54:49 GMT7Days ZAWYA20100209032344Openhttp://www.zawya.com/story.cfm/sidZAWYA20100209044636/Deyaar Postpones Dh500M Property Fund's ClosureDeyaar Development has delayed the closing of its Dh500 million property opportunities fund to the second quarter of 2010 after foreign investors opted out from their commitments, the company CEO revealed.Tue, 09 Feb 2010 04:59:16 GMTEmirates Business 24/7 ZAWYA20100209044636Openhttp://www.zawya.com/story.cfm/sidZAWYA20100208085413/Burj Khalifa observation deck temporarily closedThe Burj Khalifa observation deck has been temporarily closed for "maintenance and upgrade".Mon, 08 Feb 2010 10:22:13 GMTGulf News ZAWYA20100208085413Openhttp://www.zawya.com/story.cfm/sidZAWYA20100208035109/Samarah Dead Sea Resort awards infrastructure contractThe infrastructure development contract for Samarah Dead Sea Resort, owned by The Dead Sea Touristic and Real Estate Investment Company, formed by Emaar Properties PJSC along with a group of regional and Jordanian investors, has been awarded to Arab Towers Contracting Company.Mon, 08 Feb 2010 08:36:10 GMTJordan Times ZAWYA20100208035109Openhttp://www.zawya.com/story.cfm/sidZAWYA20100208042333/Dubai Sets New 'Demolition' DeadlineFamilies sharing villas in Dubai now have less than a week to abide by municipal rules that prohibit overcrowding, and construction of unauthorised partitions or structures in buildings.Mon, 08 Feb 2010 08:27:29 GMTKhaleej Times ZAWYA20100208042333Openhttp://www.zawya.com/story.cfm/sidZAWYA20100208042606/UAE office rents among the highest in 2009Office rents in Dubai and Abu Dhabi have remained the highest across the world in 2009 despite the regional property market witnessing a slowdown, according to two reports.Mon, 08 Feb 2010 08:26:19 GMTEmirates Business 24/7 ZAWYA20100208042606Openhttp://www.zawya.com/story.cfm/sidZAWYA20100208043044/Jurisdiction of DIFC Courts in property cases explainedProperty cases signed in a coffee shop within the Dubai International Financial Centre (DIFC) may fall within the jurisdiction of DIFC Courts, even if the property is not within the centre.Mon, 08 Feb 2010 08:24:34 GMTEmirates Business 24/7 ZAWYA20100208043044Openhttp://www.zawya.com/story.cfm/sidZAWYA20100208045213/Nakheel Waterfront case adjournedThe Dh44 million Nakheel Waterfront corruption case was adjourned yesterday for the third time after prosecution witness Mohammed Mustafa Hussein, an auditor at the Financial Audit Department of the Dubai Ruler's Court, failed to appear.Mon, 08 Feb 2010 08:08:32 GMTEmirates Business 24/7 ZAWYA20100208045213Openhttp://www.zawya.com/story.cfm/sidZAWYA20100208051220/PIF to contribute 20% in real state firmThe Public Investment Fund (PIF) in KSA has agreed to contribute 20 percent of the SR2 billion capital of the new home finance company, Khaled Al-Aboodi, CEO of Islamic Corporation for the Development of the Private Sector (ICD), announced.Mon, 08 Feb 2010 07:59:49 GMTThe Saudi Gazette ZAWYA20100208051220Openhttp://www.zawya.com/story.cfm/sidZAWYA20100208060836/Aldar Properties Invites Project PartnersAldar Properties, the largest developer in Abu Dhabi, will link with outside companies on its completed projects to raise cash and outsource some operations functions.Mon, 08 Feb 2010 07:20:33 GMTThe National ZAWYA20100208060836Openhttp://www.zawya.com/story.cfm/sidZAWYA20100208060531/Emaar MGF May Issue Pre-IPO PlacementEmaar MGF may hit the Indian capital market in two tranches before May this year. The joint venture between Emaar Properties and MGF Development, may raise around 10 per cent of Dh3.05 billion, in a pre-IPO private placement.Mon, 08 Feb 2010 06:32:52 GMTEmirates Business 24/7 ZAWYA20100208060531Openhttp://www.zawya.com/story.cfm/sidZAWYA20100208042144/Migration puts pressure on rents in Northern EmiratesMigration of residents back to Dubai from Northern Emirates is expected to continue during the first half of 2010, with lease rates coming under pressure, according to CB Richard Ellis (CBRE).Mon, 08 Feb 2010 06:20:28 GMTEmirates Business 24/7 ZAWYA20100208042144Openhttp://www.zawya.com/story.cfm/sidGN_07022010_080246/Burj Khalifa deck closed to visitorsThe Burj Khalifa observation deck, which has been attracting a huge number of visitors, has been temporarily closed.Mon, 08 Feb 2010 06:00:45 GMTGulf News GN_07022010_080246Openhttp://www.zawya.com/story.cfm/sidZAWYA20100207075139/Dubai Still Expensive Location For Office SpaceDubai witnessed the largest decline in 2009 with costs falling by 34%. Nevertheless, it still remains the most expensive location in the Middle East & Africa for office space with occupancy costs at $14,520 per workstation[1], placing it eleventh in the global rankings.Sun, 07 Feb 2010 11:40:09 GMTPress Release ZAWYA20100207075139Openhttp://www.zawya.com/story.cfm/sidZAWYA20100207102206/Aldar launches partnership programmeAldar Properties, Abu Dhabi's leading property development, management and investment company, launched the Aldar Partnership Programme, a strategic initiative designed to integrate exclusively selected, well-established partners across the breadth of the firm's development assets.Sun, 07 Feb 2010 10:43:36 GMTPress Release ZAWYA20100207102206Openhttp://www.zawya.com/story.cfm/sidZAWYA20100207041718/Dubai Developers Letting Out Ready Units On RentDevelopers in Dubai are considering letting out units in their new projects on a furnished basis to generate immediate revenue, said real estate analysts.Sun, 07 Feb 2010 08:42:14 GMTEmirates Business 24/7 ZAWYA20100207041718Openhttp://www.zawya.com/story.cfm/sidZAWYA20100207051833/Office rentals remain subdued in January due to new suppliesOffice rental prices in Dubai remain subdued with a slight fall witnessed in some areas in January, according to the latest figures released by Better Homes.Sun, 07 Feb 2010 05:53:24 GMTEmirates Business 24/7 ZAWYA20100207051833Openhttp://www.zawya.com/story.cfm/sidZAWYA20100207042329/Saudi Mortgage Law To Boost Bank LendingSaudi banks are expected to reverse several months of tight credit policy and open up their massive lending coffers when the long-awaited mortgage law is issued this year, the Gulf kingdom's largest bank said.Sun, 07 Feb 2010 04:37:59 GMTEmirates Business 24/7 ZAWYA20100207042329Openhttp://www.zawya.com/story.cfm/sidZAWYA20100206093541/Princess Al-Anoud Charitable Foundation Launches Housing Units in Rabigh Princess Al-Anoud bint Abdulaziz bin Musaed bin Jelawi Al Saud Charitable Foundation will launch on Sunday its charitable project comprising 10 housing units in Rabigh Governorate in Makkah Region.Sat, 06 Feb 2010 09:53:16 GMTSaudi Press Agency ZAWYA20100206093541Openhttp://www.zawya.com/story.cfm/sidZAWYA20100206085529/Sheikha Fadia: Prince Charles in joint stock company on sustainble development An international joint stock company for construction based on the sustainable development will be set up with British Crown Prince Charles among its main shareholders, Cheif Executive Officer of Jana real estate company, Sheikha Fadia Saad Al-Abdullah Al-Salem Al-Sabah said here Saturday.Sat, 06 Feb 2010 09:31:15 GMTKUNA (Kuwait News Agency) ZAWYA20100206085529Openhttp://www.zawya.com/story.cfm/sidZAWYA20100206051905/Jeddah Area Planned Districts Owner HeldThe Administrative Investigations Department has taken into custody the owner of planned districts in southern and eastern Jeddah in line with the order of the fact finding committee on the flood disaster in the city.Sat, 06 Feb 2010 07:27:29 GMTThe Saudi Gazette ZAWYA20100206051905Openhttp://www.zawya.com/story.cfm/sidZAWYA20100206042816/Saudi Arabia: Delay in housing project adds to residents' woes Makkah residents are complaining about the delay in the completion of the 12-year-ld King Fahd Housing Project in the city.Sat, 06 Feb 2010 06:30:59 GMTArab News ZAWYA20100206042816Openhttp://www.zawya.com/story.cfm/sidZAWYA20100205070027/Qatar real estate sector to recover faster: Experts With the state unveiling an astronomical $20bn for new road projects in the country over the next five years, experts believe the sagging real estate sector here would recover faster than expected. Fri, 05 Feb 2010 08:13:54 GMTThe Peninsula ZAWYA20100205070027Openhttp://www.zawya.com/story.cfm/sidZAWYA20100205072157/Jordan: Italian cooperation project concludesA project funded by the Italian government to renovate 83 housing units in the Sukhneh refugee camp recently concluded in Zarqa, according to a statement from the Italian embassy.Fri, 05 Feb 2010 08:09:25 GMTJordan Times ZAWYA20100205072157Openhttp://www.zawya.com/story.cfm/sidGN_04022010_050246/Latest addition to JLT; Goldcrest Executives opens Star Giga Establishment limited, a joint venture enterprise between ETA Star Property Developers and Mazyood Giga International FZE, has announced the delivery of units in GoldCrest Executive Tower. Fri, 05 Feb 2010 06:10:26 GMTGulf News GN_04022010_050246Openhttp://www.zawya.com/story.cfm/sidZAWYA20100204053243/Egypt Mortgage Market Targets LE10bn by 2013If the Mortgage Finance Fund can reach their goal, Egypt's mortgage market will jump from LE 4 billion to LE 10 billion in the next three years, MENA reported.Thu, 04 Feb 2010 06:09:35 GMTDaily News Egypt ZAWYA20100204053243Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20100204033445/Better Homes Starts KSA OperationsEven as the Saudi real estate sector is keenly awaiting the implementation of mortgage law, real estate brokerage firms have started coming in offering services that buyers and sellers are familiar with in the Western world.Thu, 04 Feb 2010 05:39:35 GMTArab News ZAWYA20100204033445Openhttp://www.zawya.com/story.cfm/sidZAWYA20100204040908/Dubai's Al Attar Properties Serves Legal Notices To Investors Al Attar Properties, a Dubai-based developer, has served legal notices to investors in its The Skyscraper, a commercial tower in the Business Bay development, seeking payments to continue with construction, a senior company executive said.Thu, 04 Feb 2010 05:31:20 GMTEmirates Business 24/7 ZAWYA20100204040908Openhttp://www.zawya.com/story.cfm/sidZAWYA20100204042704/Nakheel bribery case adjourned until Feb 17 With key witness, audit expert Mohammed Mustafa Hussein, unable to attend yesterday's hearing into a case of corruption and bribery in Nakheel, the Dubai Criminal Court adjourned the case to February 17.Hussein, who is with the Financial Audit...Thu, 04 Feb 2010 05:12:32 GMTEmirates Business 24/7 ZAWYA20100204042704Openhttp://www.zawya.com/story.cfm/sidZAWYA20100204043813/Court Denies Deyaar Ex-CEO Bail again The Dubai Court of First Instance on Wednesday denied bail to Deyaar's former American CEO once again after repeated requests from his lawyer. Thu, 04 Feb 2010 05:07:52 GMTKhaleej Times ZAWYA20100204043813Openhttp://www.zawya.com/story.cfm/sidZAWYA20100203143518/Qatari Diar finalizes negotiations on strategic partnership with VinciQatari Diar Real Estate Investment Company, an international leader in sustainable development, finalized negotiations over a strategic partnership with French public works group Vinci today. Wed, 03 Feb 2010 14:49:22 GMTPress Release ZAWYA20100203143518Openhttp://www.zawya.com/story.cfm/sidZAWYA20100203110631/Drake & Scull Gets AED187M Contract From Arabian ConstructionDrake & Scull International Abu Dhabi, a subsidiary of Drake & Scull International (DSI) PJSC, has been awarded a contract for mechanical, electrical and plumbing (MEP) works for a prominent Hotel in Abu Dhabi. The contract has been awarded by Arabian Construction Company (ACC) and is valued at AED 187 million.Wed, 03 Feb 2010 11:50:34 GMTPress Release ZAWYA20100203110631Openhttp://www.zawya.com/story.cfm/sidZW20100203000010/Dubai Rental Rates To Soften This Yr On Supply, VacancyLease rates for commercial and residential property in Dubai will continue to soften this year as supply increases and vacancy rates rise, according to a report by property consultancy firm CB Richard Ellis published.Wed, 03 Feb 2010 10:08:37 GMTZawya Dow Jones News ZW20100203000010Openhttp://www.zawya.com/story.cfm/sidZAWYA20100203080914/Landmark Launches New Valuations DepartmentAs end of year accounts are being closed, Landmark Properties has announced the launch of their new department, Landmark Valuations, which services corporate and private clients to give an accurate picture of the value of their holdings. Wed, 03 Feb 2010 08:48:28 GMTPress Release ZAWYA20100203080914Openhttp://www.zawya.com/story.cfm/sidZAWYA20100203042559/Karwa City project nears completion The sprawling Karwa City, which is getting ready in the Industrial Area, will house more than 6,000 drivers working with Mowasalat, the state-owned public transport company in Qatar. Wed, 03 Feb 2010 07:22:25 GMTThe Peninsula ZAWYA20100203042559Subscription