AME Info News - Real EstateReal Estate latest news and featuresBeirut Towers launches in Dubai- July 5, 2008 Plus Properties has launched a $125m project called Beirut Towers, a luxury residential development that will be based within TECOM's International Media Production Zone. The projet will consist of two towers - Ashrafieh and Verdun with over 23 floors each. AMEInfo.comhttp://www.ameinfo.com/162493.html Ivory Tower to begin construction- July 5, 2008 The long-delayed Ivory Tower residential project in Dubai is expected to begin on Nov 1 after more than three years since it was launched, The National has reported. A spokesman for Saudi-based Sokook Investment Group, the project developer said the delay was due to a demand by TECOM, for a bank guarantee from the developer before construction could begin. AMEInfo.comhttp://www.ameinfo.com/162491.html New mortgage law approved in Saudi- July 3, 2008 Saudi Arabia's Shura Council has approved a draft of the long-awaited mortgage law, paving the way for its approval by the government, reported Reuters. Analysts said the law, which has been in the works for almost a decade, will hopefully allow much wider access to property ownership in a country where only one out of five Saudis owns a home. AMEInfo.comhttp://www.ameinfo.com/162387.html Durar launches project in Dubailand- July 3, 2008 UAE-based developer Durar Properties has launched a joint venture project with Abu Dhabi-based Ali and Sons and leading Saudi conglomerates to build Durar 1, a 63,000 square feet, 19-storey twin tower development in the Residence complex in Dubailand. The Dhs 250m ($68m) project total will have a total built-up area of 287,000 square feet and will comprise 236 units, ranging between one-, two- and three-bedroom apartments. AMEInfo.comhttp://www.ameinfo.com/162358.html MRHE begins work on Dhs3bn housing project- July 2, 2008 The Mohammed bin Rashid Housing Establishment has begun construction work on the Dhs3bn ($817m) housing project in the Al Barsha area of Dubai. The move represents phase 1 of the 252 housing-unit-project being executed jointly with the Arab Tech Construction Company and Parsons and Aref Bin Touq, a construction consultancy firm. AMEInfo.comhttp://www.ameinfo.com/162304.html |