http://www.zawya.com/middle-east/real-estateen-usCopyright 2012 Zawya Ltd. All rights reserved.Sun, 12 Feb 2012 03:26:00 GMT4314476http://www.zawya.com/middle-east/real-estatehttp://www.zawya.com/images/newsletter_zawya_logo.gifhttp://www.zawya.com/story.cfm/sidZAWYA20120212032600/Dubai_villa_owners_conceive_cool_alternative_to_high_chiller_chargesA steep hike in chiller charges proposed for Dubai's upscale Jumeirah Islands is forcing villa owners to look for alternative ways to cool their abodes. A number of Jumeirah Islands villa owners have refused to sign up the new contract citing an unreasonable hike in proposed consumption charges - two-and-a-half times of last year's charges.Sun, 12 Feb 2012 05:16:54 GMTEmirates 24|7 ZAWYA20120212032600Openhttp://www.zawya.com/story.cfm/sidZAWYA20120212042335/Dubai_Police_deny_reports_of_Burj_Khalifa_firePolice denied reports about a fire breaking out at the Burj Khalifa on Saturday night. Police termed it a rumour, a "Blackberry story".Sun, 12 Feb 2012 04:25:24 GMTGulf News ZAWYA20120212042335Openhttp://www.zawya.com/story.cfm/sidZAWYA20120211033655/Saudi_women_realtors_to_form_associationA number of Saudi businesswomen, who are investing in real estate, are planning to announce the establishment of their first association in Jeddah soon, market sources told Arab News.Sat, 11 Feb 2012 07:40:45 GMTArab News ZAWYA20120211033655Openhttp://www.zawya.com/story.cfm/sidZAWYA20120211050303/RO_55m_for_industrial_estates_in_OmanAiming at developing high quality infrastructure for the Sultanate's various industrial estates, the Public Establishment for Industrial Estates (PEIE) is implementing a number of projects at a cost exceeding RO 55 million during 2011-2012.Sat, 11 Feb 2012 07:28:20 GMTOman Daily Observer ZAWYA20120211050303Openhttp://www.zawya.com/story.cfm/sidGN_10022012_110236/Rules_call_for_Abu_Dhabi_buildings_to_be_clutterfreeBuilding facades across the emirate of Abu Dhabi will soon become free of clutter following a set of guidelines that call for improved store signs and tidier shopfronts.Sat, 11 Feb 2012 06:38:19 GMTGulf News GN_10022012_110236Openhttp://www.zawya.com/story.cfm/sidZAWYA20120210143648/Blominvest_arranges_a_loan_of_SR290m_to_build_400_housing_units_in_RiyadhBlominvest Saudi Arabia announced the closing of the private placement offering of "Blominvest - Maskan Arabia for Real Estate Development Fund" with a total of 283 million Riyals that is focused on building 400 housing units in north and north-west Riyadh in collaboration with Maskan Arabia, the project developer. Fri, 10 Feb 2012 14:44:12 GMTPress Release ZAWYA20120210143648Openhttp://www.zawya.com/story.cfm/sidpdf_100212093237/CICR_EGYPT__INVESTORS_GUIDE_09Feb12In the market?s eye, it has been a fine start to 2012. The EGX 30 is up 26.5% year-to-date (Ytd) while the EGX 100 has gained 15.1% YoY, well-ahead of regional peers and one of the best performing benchmarks globally.Fri, 10 Feb 2012 09:25:00 GMTCI Capital Research pdf_100212093237Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20120210071848/Only_38_percent_of_Saudis_own_housesThere are strong indications that commercial banks will increase their real estate financing this year. Last year, banks offered Saudi citizens housing loans amounting to more than SR6 billion, business daily Al-Eqtisadiah reported, quoting banking sources.Fri, 10 Feb 2012 07:27:10 GMTArab News ZAWYA20120210071848Openhttp://www.zawya.com/story.cfm/sidZAWYA20120210063353/UAE_Homeowners_will_manage_their_own_buildingsIn the coming few months, home owners in Dubai will get the right to manage their buildings and their finances.Fri, 10 Feb 2012 07:22:35 GMTEmirates 24|7 ZAWYA20120210063353Openhttp://www.zawya.com/story.cfm/sidGN_09022012_100214/Compensation_will_vary_for_Sharjah_tower_fire_victimsUp to Dh2.5 million is expected to be distributed among 51 families as government compensation for the recent Al Baker Tower fire in Sharjah.Fri, 10 Feb 2012 06:59:01 GMTGulf News GN_09022012_100214Openhttp://www.zawya.com/story.cfm/sidZW20120209000094/Former_Nakheel_CEO_Chris_ODonnell_wins_3_mn_claim_against_companyFormer Nakheel Chief Executive Chris O'Donnell has won a $3 million claim against the Dubai real-estate developer for breach of contract, the Dubai World Tribunal ruled Thursday.Thu, 09 Feb 2012 12:14:12 GMTZawya Dow Jones News ZW20120209000094Openhttp://www.zawya.com/story.cfm/sidZAWYA20120209042048/Saudi_MCI_reassures_shareholders_of_Joharat_AlSharq_GroupThe Minister of Commerce and Industry and Chairman of the Committee of Real Estate Shareholdings, Dr. Tawfiq bin Fawzan Al-Rabiah re-assured all shareholders of Joharat Al-Sharq Group located in Khobar City that their rights are preserved and no party can infringe or seize them.Thu, 09 Feb 2012 08:05:10 GMTSaudi Press Agency ZAWYA20120209042048Openhttp://www.zawya.com/story.cfm/sidZAWYA20120209045330/Real_estate_board_in_Iraq_could_help_end_housing_crisisIraqi policy makers are striving to draft a bill for the creation of a real estate board to make it easier for members of the public to build their own houses.Thu, 09 Feb 2012 07:22:44 GMTAK News ZAWYA20120209045330Openhttp://www.zawya.com/story.cfm/sidZAWYA20120209032326/400_houses_to_be_built_in_Riyadh_at_SR573mAn agreement was signed with the National Commercial Bank (NCB) in Riyadh on Wednesday to build 400 houses at a cost of SR573 million in the north and west of the capital.Thu, 09 Feb 2012 07:21:23 GMTArab News ZAWYA20120209032326Openhttp://www.zawya.com/story.cfm/sidZAWYA20120209030500/Dubai_IOAs_just_months_away_from_opening_bank_accountsInterim owners associations in Dubai will be able to open and operate bank accounts in the next few months with the Real Estate Regulatory Agency (Rera) set to ink memorandum of understandings (MoUs) with three local banks, 'Emirates24|7' can reveal.Thu, 09 Feb 2012 06:44:16 GMTEmirates 24|7 ZAWYA20120209030500Openhttp://www.zawya.com/story.cfm/sidGN_08022012_090220/Nakheel_told_to_pay_contractor_Dh58mA contractor has won almost Dh60 million from developer Nakheel for work completed in an unfinished contract to construct 31 residential buildings in Discovery Gardens.Thu, 09 Feb 2012 04:31:55 GMTGulf News GN_08022012_090220Openhttp://www.zawya.com/story.cfm/sidZAWYA20120208131910/Contractor_successful_in_retaining_a_judgment_against_Nakheel_for_over_AED58mA contractor has been successful in a judgment against Nakheel PJSC. Technical Architects General Contracting Company LLC (TAGC) held onto a judgment against Nakheel for over AED58 million in the Dubai World Tribunal (DWT).Wed, 08 Feb 2012 13:44:34 GMTPress Release ZAWYA20120208131910Openhttp://www.zawya.com/story.cfm/sidpdf_080212112142/NCB_Business_Optimism_Index__Saudi_Arabia_Q1_2012_08Feb12This is a PDF report. Wed, 08 Feb 2012 11:15:00 GMTNational Commercial Bank pdf_080212112142Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20120208103448/Jumeirah_opens_Grosvenor_House_Apartments_on_Park_Lane_LondonJumeirah Group, the Dubai-based luxury hospitality company and a member of Dubai Holding, will open a new concept in luxury accommodation on Park Lane in London - The Grosvenor House Apartments by Jumeirah Living. Wed, 08 Feb 2012 11:01:35 GMTPress Release ZAWYA20120208103448Openhttp://www.zawya.com/story.cfm/sidZAWYA20120208084653/Algeco_bolsters_sales_team_in_Middle_East_with_new_appointmentAlgeco, the leading global supplier of modular space and secure storage rental and sales solutions, has announced a new key appointment to cover the Middle East region. Wed, 08 Feb 2012 10:39:01 GMTPress Release ZAWYA20120208084653Openhttp://www.zawya.com/story.cfm/sidZW20120208000055/Jumeirah_Group_opens_hotel_residences_in_LondonDubai-based luxury hospitality company Jumeirah Group said it opened its Grovesnor House Apartments on Park Lane, London.Wed, 08 Feb 2012 10:22:05 GMTZawya Dow Jones News ZW20120208000055Openhttp://www.zawya.com/story.cfm/sidZAWYA20120208041008/Abu_Dhabi_to_develop_new_industrial_zonesAbu Dhabi is developing new industrial zones in Ruwais and Madina Zayed in the Western Region apart from a zone for automobiles, a top official said. Wed, 08 Feb 2012 10:00:32 GMTKhaleej Times ZAWYA20120208041008Openhttp://www.zawya.com/story.cfm/sidZAWYA20120208043640/Green_building_technology_gains_ground_in_Saudi_ArabiaAgainst a backdrop of construction boom going in Saudi Arabia, and despite the high cost, there is a gradually rising shift toward the use of green building technology, a senior industry executive told the Saudi Gazette in an interview.Wed, 08 Feb 2012 09:28:32 GMTThe Saudi Gazette ZAWYA20120208043640Openhttp://www.zawya.com/story.cfm/sidZAWYA20120208030747/Rera_official_blames_chiller_costs_for_high_service_charges_in_DubaiAlthough "maintenance" charges have come down significantly in Dubai, it is the utility and chiller charges that have led to an increase in service charges, a senior government official told Emirates 24|7.Wed, 08 Feb 2012 07:14:38 GMTEmirates 24|7 ZAWYA20120208030747Openhttp://www.zawya.com/story.cfm/sidZAWYA20120208031350/Simplify_procedures_to_save_township_projects_in_Saudi_ArabiaA senior official at the Makkah Chamber of Commerce and Industry has called for simplifying bureaucratic procedures that are instrumental in delaying the implementation of several residential township projects in various regions of the Kingdom.Wed, 08 Feb 2012 06:55:17 GMTArab News ZAWYA20120208031350Openhttp://www.zawya.com/story.cfm/sidANA20120207T114014ZHKE57/Sentence_of_Egypt_tycoon_for_divas_murder_confirmedA 15-year jail sentence handed down in 2010 to Egyptian tycoon Hisham Talaat Moustafa for the murder of a Lebanese pop singer has been confirmed by a Cairo court, MENA news agency reported Tuesday.Tue, 07 Feb 2012 12:30:25 GMTAFP ANA20120207T114014ZHKE57Openhttp://www.zawya.com/story.cfm/sidZAWYA20120207072525/Dar_Al_Arkan_offers_Al_Tilal_Land_in_Madina_for_saleDar Al Arkan Real Estate Development Company has launched its campaign for the sale of Altial Project land in Madina. The campaign targets those who are interested in purchasing or investing.Tue, 07 Feb 2012 07:41:53 GMTPress Release ZAWYA20120207072525Openhttp://www.zawya.com/story.cfm/sidZAWYA20120207072750/Kele_Contracting_completes_Promoseven_Tower_project_ahead_of_scheduleDubai-based Kele Contracting is glad to announce the completion of the Promoseven Tower in Tecom, Dubai, three months ahead of the scheduled delivery date.Tue, 07 Feb 2012 07:40:00 GMTPress Release ZAWYA20120207072750Openhttp://www.zawya.com/story.cfm/sidZAWYA20120207053439/Jordan_real_estate_trading_brings_more_cash_to_state_coffersAlthough trading in the property market dropped by 26 per cent in January, government revenues surged by nearly one-third.Tue, 07 Feb 2012 07:21:04 GMTJordan Times ZAWYA20120207053439Openhttp://www.zawya.com/story.cfm/sidDS07022012_dsart-162407/Lebanon_construction_permits_fall_by_68_percent_in_2011 Construction permits in Lebanon in 2011 fell by 6.8 percent compared to the same period of 2010, according to figures released by the Order of Engineers of Beirut and Tripoli.Tue, 07 Feb 2012 06:52:14 GMTThe Daily Star DS07022012_dsart-162407Openhttp://www.zawya.com/story.cfm/sidZAWYA20120207030143/No_pool_no_beach_Why_onecheque_payment_bounces_badly_on_Palm_ShorelineThe 'good life' has turned into a nightmare for some tenants of the Shoreline Apartments on the Palm Jumeirah who paid their rent upfront in one cheque.Tue, 07 Feb 2012 06:25:01 GMTEmirates 24|7 ZAWYA20120207030143Openhttp://www.zawya.com/story.cfm/sidZAWYA20120207030557/Meydan_sells_8m_sqft_land_to_SobhaMeydan Group, the developers of Meydan City, said on Monday that it had sold a large tract of land adjacent to the project's Godolphin Parks area to the Sobha Group for an undisclosed amount.Tue, 07 Feb 2012 06:19:39 GMTEmirates 24|7 ZAWYA20120207030557Openhttp://www.zawya.com/story.cfm/sidZAWYA20120207031453/Al_Mazaya_to_build_at_The_VillaAl Mazaya Holding announced offering new residential plots for construction of 30 villas in The Villa which will be sold at a later date.Tue, 07 Feb 2012 06:12:01 GMTEmirates 24|7 ZAWYA20120207031453Openhttp://www.zawya.com/story.cfm/sidZAWYA20120207031541/New_Gardens_project_opens_with_1500_homesOver 1,500 new apartments will enter the lease market this year just in The Gardens community, Emirates 24/7 can reveal.Tue, 07 Feb 2012 06:10:19 GMTEmirates 24|7 ZAWYA20120207031541Openhttp://www.zawya.com/story.cfm/sidZAWYA20120207031628/Studio_rents_and_average_lease_rates_decline_further_in_DubaiRents for studio apartments in Dubai fell by 11 per cent in 2011, registering the maximum rental decline, while average apartment lease rates declined by eight per cent compared to 17 per cent in 2010, according to CB Richard Ellis.Tue, 07 Feb 2012 06:09:15 GMTEmirates 24|7 ZAWYA20120207031628Openhttp://www.zawya.com/story.cfm/sidZAWYA20120207031855/KSA_2000_homes_for_Jazans_displaced_are_ready On behalf of Custodian of the Two Holy Mosques King Abdullah, Jazan Gov. Prince Muhammad bin Nasser will launch next month the first phase of the massive housing project for Jazan's displaced people.Tue, 07 Feb 2012 06:08:46 GMTArab News ZAWYA20120207031855Openhttp://www.zawya.com/story.cfm/sidZAWYA20120206092915/Abdali_appoints_George_Amireh_as_its_new_CEOAbdali Investment and Development PSC, the company responsible for the development of Abdali, the new downtown of Amman, has announced the appointment of Mr. George Amireh as its new CEO.Mon, 06 Feb 2012 13:02:30 GMTPress Release ZAWYA20120206092915Openhttp://www.zawya.com/story.cfm/sidZAWYA20120206030320/270_homes_in_Jumeirah_to_hit_market_soonJumeirah will see the release of 270 new housing units in the coming months as Dubai Real Estate Corporation (DREC) begins leasing for its Wasl Square project.Mon, 06 Feb 2012 08:22:45 GMTEmirates 24|7 ZAWYA20120206030320Openhttp://www.zawya.com/story.cfm/sidZAWYA20120206030653/The_Gardens_open_up_for_Dubai_tenants_with_1500_apartments_on_market_this_yearOver 1,500 new apartments will enter the lease market this year just in The Gardens community, Emirates 24/7 can reveal. Leasing for four buildings in The Gardens Apartment project, owned by Nakheel, started in the second week of January.Mon, 06 Feb 2012 08:19:26 GMTEmirates 24|7 ZAWYA20120206030653Openhttp://www.zawya.com/story.cfm/sidGN_05022012_060256/Indian_developer_obtains_huge_plot_for_Meydan_City_projectIndian developer Sobha Group has obtained eight million square feet of land at Meydan City for an undisclosed amount to build a mixed-use project, officials said at a press briefing.Mon, 06 Feb 2012 06:44:33 GMTGulf News GN_05022012_060256Openhttp://www.zawya.com/story.cfm/sidGN_05022012_060235/Deyaar_back_in_profit_last_yearDeyaar, Dubai's second largest property developer by market value, swung to a small profit last year on the handover of projects in its Business Bay development.Mon, 06 Feb 2012 06:34:33 GMTGulf News GN_05022012_060235Open