Quick Links
Buzz Saw
My Groups
My Feeds
Searched
Email This
RSS Alerts
RSS Tracker| Bookmarks |
 
 
 |
|
| |||||||||||||||||||||||||||||||
http://dubaidiscussions.blogspot.com/feeds/posts/default
|
  | ||||||||||||||||
| Preview: Dubai Sharjah Ajman Abu dhabi Properties & immigration News |  | Rate this Feed:  |
Dubai Sharjah Ajman Abu dhabi Properties & immigration NewsDubai Properties, Business Investment and Emigration News - tries to project Investing trends and developments in real estate business in Dubai, Sharjah, Abudabi , Ajman and emigration Law in U.A.EUpdated: 2008-09-29T05:15:50.864-07:00 | ||
|
0 Comments 2008-09-29T05:15:50.883-07:00 DLF launch its new residential project in Kakkanad New Town Heights. DLF�s Kakkanad project is a mega township of almost 28 Acres. 80% Open space. Total 9 Towers and total number of Apartments are 1400 Approx. Total 21 Blocks and each Block has 4 Apartments. DLF New Town Heights township will have the convenience of a Business Club which would be almost 60000 sq. ft., will contain convention halls, guest suites, Ayurvedic parlors and Spa, Branded stores, Restaurants etc. The sports club will have a fully equipped Gym and a large swimming pool Guest Suites, Restaurants, Badminton Court, Squash court etc. About Developer : DLF has a 60-year history of service excellence. Since it was founded in 1946, it has been responsible for the development of 21 urban colonies aggregating 5,816 acres, as well as an entire integrated 3,000-acre township - DLF City. DLF Homes provides a wide range of products including condominiums, duplexes, row hoses and apartments of varying sizes, with a focus on the higher end of the market. DLF has already developed 54 million sq. ft with plans of developing another 300 million sq. ft of projects across the country over the next 10 years Key Distances
New Town Heights (Kochi) - Kochi Kakkanad 2008-09-29T05:09:56.653-07:00 DLF launch its new residential project in Kakkanad New Town Heights. DLF�s Kakkanad project is a mega township of almost 28 Acres. 80% Open space. Total 9 Towers and total number of Apartments are 1400 Approx. Total 21 Blocks and each Block has 4 Apartments. DLF New Town Heights township will have the convenience of a Business Club which would be almost 60000 sq. ft., will contain convention halls, guest suites, Ayurvedic parlors and Spa, Branded stores, Restaurants etc. The sports club will have a fully equipped Gym and a large swimming pool Guest Suites, Restaurants, Badminton Court, Squash court etc. About Developer : DLF has a 60-year history of service excellence. Since it was founded in 1946, it has been responsible for the development of 21 urban colonies aggregating 5,816 acres, as well as an entire integrated 3,000-acre township - DLF City. DLF Homes provides a wide range of products including condominiums, duplexes, row hoses and apartments of varying sizes, with a focus on the higher end of the market. DLF has already developed 54 million sq. ft with plans of developing another 300 million sq. ft of projects across the country over the next 10 years Key Distances
Capitala Abu Dhabi Awards AED 1.9 bn Main Construction Contract for Rihan Heights 2008-09-23T04:13:18.268-07:00 WAM Abu Dhabi, Sept.23rd, 2008 (WAM) - Capitala, the Abu Dhabi-based strategic master planner and developer, announced Tuesday that it has awarded the main construction contract for Rihan Heights, the first phase of its US$ 5 - 6 billion flagship project, Arzanah. Strategically located at the gateway point on Abu Dhabi island, Arzanah is the 1.4 million square metre fully integrated, mixed use development surrounding Zayed Stadium. Arzanah offers a unique blend of quality residential properties with leisure, sports and retail amenities that focuses on promoting an active urban lifestyle for its residents and the community at large. Rihan Heights consists of five residential towers with 854 apartments and 14 exclusive villas. Enabling works have already commenced with piling completed a month ahead of schedule. This 25-month main construction contract covers all other construction activities as well as associated mechanical, electrical and plumbing works (MEP). The contract, valued at around AED 1.9 billion (approx US$ 500 million), was awarded to the joint venture partnership between Sunway Construction Sdn Bhd (SunCon), part of the international Sunway Group, a leading multi-disciplinary conglomerate headquartered in Malaysia, and Silver Coast Construction '&' Boring Est, a leading Abu Dhabi-based contractor.
Huge Fire breaks out Port Khalid In Sharjah 2008-09-20T22:49:11.780-07:00     According to media reports the fire started around 2.00am in a garbage bin at a depot owned by Emirates Refining Co. (ERCO), which manufactures edible oils and fats. At least two people have been injured in a huge fire at an oil storage depot inside Port Khalid in Sharjah. The entire port was shut down and surrounding area cordoned off while civil defence and emergency services attempted to tackle the blaze Sharjah Police Chief Brigadier Hamid Mohammed Al-Hudaidi, who is commanding the operations at the scene, said an investigation has been launched into the cause of the fire, according to state news agency WAM. Two firemen and a worker sustained minor suffocation injuries and were treated at the scene, according to Al-Hudaidi. He called on owners of surrounding factories at the Port to comply with safety precautions and safe storage measures to avoid "such disastrous accidents which wreak havoc upon public properties". 
$272mn deal to build Meydan road network in Dubai 2008-09-14T04:12:16.665-07:00  The Roads and Transport Authority (RTA) said on Saturday the first phase of development will include construction of three crossings linking Muscat Road with the Dubai-Al Ain Road. The RTA said phase two of the project, which will be put out to tender in the near future, will cover the elevation of a section of Dubai-Al Ain Road to allow for the passage of canal, a crossing at Al Khor Road, a road branching out of Dubai-Al Ain road towards Ras Al Khor Road, and inbound and outbound roads to Meydan
Blaze drama puts Atlantis opening in doubt 2008-09-02T05:18:20.198-07:00   The most luxurious offering at the $1.5 billion Atlantis bore the brunt of the blaze that hit the soon-to-open resort on Palm Jumeirah on Tuesday. With its private elevator, the $25,000 a night Bridge Suite - located above the hotel lobby where the fire started - suffered extensive smoke damage, a source close to the project told Arabian Business. The suite offers a generous reception lounge, dining area with a gold-leaf table seating 16 guests, and library with state-of-the-art media centre.
Gowealthy.com strengthens commitment in Ajman with 10,000 sq. ft. dedicated office 2008-08-27T04:23:45.285-07:00  Dubai, 26 August, 2008: Gowealthy.com the region's global property and lifestyle brand offering comprehensive marketing solutions for property developers, investors and retailers, have opened a dedicated office in the emirate of Ajman, offering developers and investors a professional resource in the developing market.
Based out of the penthouse of the Escape Ajman project, Sheikh Amaar tower, the 10,000 sq. ft. office is the first step in Gowealthy.com's ongoing expansion and commitment to the emirate, boasting a knowledgeable team of twenty property consultants with experienced management and back office support. "Our expansion into Ajman is not only a commitment to the dynamic and emerging market, but to the community as well. Ajman has tremendous untapped potential in so many respects and they are really starting to shine through. We are here to nurture this spirit of development and excellence both professionally and personally as they mirror our own ideals of providing a solid infrastructure for our partners," commented Peter Penhall, Chief Executive Officer of Gowealthy.com Gowealthy.com intends to build further credibility in the market, helping to put more developers at ease with their investments by offering the best possible returns. In doing so, this would positively reflect on investor's margins and security as well, further adding a basic foundation for greater development in the emirate. The state-of-the-art office not only features the latest in modern amenities and interior design but also offers a number of functional elements including a presentation theatre for developer meetings and launches, as well as break out rooms that can be used for one-to-one meetings or presentations. The office will also offer focused advice and service advisors to both investors and property developers looking for the best solutions to get their projects to market.
Fire breaks out near Burj Dubai 2008-08-17T04:35:52.781-07:00  Gulfnews: Fire breaks out near Burj Dubai: "Fire breaks out near Burj Dubai Staff Report Published: August 17, 2008, 10:54 Dubai: A fire broke out near the Burj Dubai off Shaikh Zayed Road on Sunday, witnesses said. The Civil Defence was at the scene to control the fire. Plumes of smoke seen rising from the area cleared minutes later, witnesses said."
Dubai’s budget expenditure in 2009 expect more than 33% for Infrastructure projects 2008-08-07T05:37:00.659-07:00  Dubai Department of Finance has issued Notice No2 of 2008 that starts the process for drawing up the budget for 2009. It is expected that more than 33 per cent of Dubai's budget expenditure in 2009 will be  earmarked for infrastructure projects. In 2008, budget surplus touched AED 11.4 billion compared to AED 5.1 billion in 2007. The revenues for fiscal year 2008 in Dubai are expectedly pegged at AED 135 billion, while planned spending is estimated at AED 123.6 billion. In the UAE federal budget for 2008, 24.2 per cent was earmarked infrastructural projects. His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Prime Minister and Vice President and Ruler of Dubai has said that Dubai's economy had exceeded all expectations as the targets set out till 2010 has been achieved in half the time. Sheikh Mohammed said, "In the year 2000, the plan was to increase GNP to $30 billion by 2010. In 2005 that figure was exceeded, with GNP reaching 37 billion US dollars. The plan also included an increase in income per capita to $23,000 by the year 2010. In 2005 the average income per capita reached $31,000." Telecommunications: Telecommunications across all platforms in the UAE are fast and effective with fixed-line, internet and mobile connectivity amongst the best in the world. The 2007 Global Information Technology Report (GITR), commissioned by the World Economic Forum(WEF) in cooperation with Insead Business School, puts the UAE at the top of the ‘Net-worked Readiness Index' in the Middle East and North Africa (MENA) region and ranks the UAE in 29th position worldwide out of 122 countries, beating many European nations. Etisalat, formed in 1976, have 6.3 million customers on its mobile phone network, 1 million active users of 3.5G and 3G data services, 1.3 million subscribers to the fixed line network, 800,000 subscribers and over 2.5 million internet users. When du's 1 million mobile customers are included, the telecom sector's penetration rate is the highest in the region and comparable to the best in the world. Road Network: The Dubai Government has come up with a plan to enhance and integrate the existing road network with the public transport system. This strategic plan will cater to the existing and future road development requirements in Dubai until 2020. The government has allocated a budget of AED 44 billion to develop road infrastructure that will add 500 km of new roads in the emirate. Public Transport: Dubai is well-served by its public transport compared to other metropolises. About 6,900 taxis serve its population of about 1.4 million or 4.9 cabs per 1,000 people, compared to 1.6 in New York, 2.7 in London and 4.7 in Tokyo. Dubai Road Transport Authority operated 504 buses on 69 lines, transporting 88 million passengers over approximately 2 million trips during 2006. 620 new luxury buses has been added to the already existing fleet to run on intra-city and inter-city routes, including 300 articulated (long) buses and 170 double-deckers. The emirate's bus service counts 500 coaches. In fact, the transport authority is expected spend AED 52.5 billion over 5 years to expand bus, road and rail networks, RTA announced in March 2008. Dubai's AED 15.5 billion, 74.6-km metro project launched in October 2005 is on schedule with work taking place around-the-clock. Major construction work is evident on the 52.1-km Red Line between Jebel Ali Port and Al Rashidiya. Progress is also visible in the construction of the 44.1 km of elevated track as well as on the 12.6 km of track that will run underground, 300 m of which will be under the Creek, and partially start services by September 2009. Water: UAE consumes more than 3.2 billion cubic meters of water every year and is near the top of the global index for the highest water consumption per capita. At a conservatively estimated minimum of 10 per cent per annum until 2010, most of the UAE's water is produced by desalination, usually in conjunction with power generation and older plants are being expanded and new plants are being built to meet the enormous demand. Electricity: The UAE needs to spend more than US$10 billion to meet soaring power demand. The current total capacity for electricity production in the UAE is around 16,670 MW compared to 9600 MW in 2001. Industry estimates expect the capacity to rise by 60 per cent to almost 26,000 MW by 2010. In response to escalating demands, the UAE Government has announced plans to expand its 10-gigawatt production capacity by more than 50 per cent by 2017. The government is undertaking necessary actions to provide adequate supply of electricity, especially in rapidly growing emirates such as Dubai, which has recorded a 14 per cent increase per year. Ports: The UAE has over 20 ports, ranging from state-of-the-art oil terminals, industrial ports and container-handling facilities to dhow and wooden-boat wharfs. Jebel Ali Port, DP World-UAE's flagship terminal in Dubai and the eighth largest port in the world in terms of output, was awarded the title of 'Best Seaport -Middle East' for the thirteenth consecutive year at the Asian Freight and Supply Chain Awards (AFSCA) 2007.
UAE needs to spend over US$10 billion to address demand for power - 2008-08-04T02:59:39.350-07:00 "UAE. In response to escalating demands, the UAE Government has announced plans to expand its 10-gigawatt production capacity by more than 50% by 2017. The government is undertaking necessary actions to provide adequate supply of electricity, especially in rapidly growing emirates such as Dubai, which has recorded a 14% increase per year.It has been estimated that the UAE needs to spend more than US$10 billion to meet soaring power demand. Business Monitor International (BMI) predicts that the country will account for 5.77% of regional power generation by 2011. Recognising the tremendous potential in leveraging this market, Tripp Lite, a world leading manufacturer of power protection and connectivity equipment has announced plans to expand its current portfolio of power protection and continuity products. The company is aiming to offer more robust power protection and continuity equipment to address the requirements of the UAE market, which uses around 11,000 kilowatt hours per person per year. “The swelling demand for power in the UAE is being fuelled by the rapid increase in population and unprecedented growth in the nation’s economy, all of which requires tremendous amounts of electricity,” said Vipin Sharma, Vice President"
Get a Dubai visit visa for a family member 2008-07-30T06:09:48.329-07:00 Last updated: July 28, 2008 Please note the new changes to the procedures and fees effective from 29th July, 2008
Criteria: Visit visas for immediate family members can be obtained by residents (called sponsors), whose monthly salary is not less than AED 4000 or AED 3000 + accommodation. Validity of Visa: Short term visa: 30 days Long term visa: 90 days No extensions are permitted beyond this period. Fees • Short term visa: AED 620 application fee + typing fees • Long term visa: AED 1120 application fee+ typing fees Documents Required: • Typed Application form • A copy of the sponsor’s passport & family member's passport • 1 photo of the family member (may be required) • Marriage contract attested from Ministry of Foreign Affairs or UAE Embassy (for sponsoring a wife or husband) • Attested birth certificates (for sponsoring children) • Relationship proof attested from the Embassy (in case relationship cannot be proved from family names in sponsor and relative's passport) • Attested work contract if the sponsor is working in a private company or a salary certificate if working in government. Procedure: 1. Go to any authorized typing office & get application form typed. 2. Go to DNRD & submit along with your documents to Visa Section. 3. Send either original or copy to your relative. If only copy was sent, then deposit original at the airport or the DNATA counter at DNRD
Baani and Gowealthy.com launch 'iDubai' twin tower complex at Dubai Maritime City 2008-07-21T01:42:25.324-07:00  Baani Group has announced the launch of their maiden venture in Dubai, the iDubai, a 50-storey residential twin-tower at Dubai Maritime City, sold through Gowealthy.com, the region's global property and lifestyle brand.Situated at plot R-15 within the precincts of Harbour Residences at Dubai Maritime City, iDubai comprises two 42-levelled buildings; iTower and Sky Tower, conjoined at the podium. Accommodating apartments, penthouses, Sky and Garden Villas as well as Terraced Townhomes, iDubai affords spectacular sea-views from each property. All the properties are competitively priced, with rates starting from Dh3450 square feet. The payment plan for the development entails a 10% down payment, followed by 60% in installments during construction and 30% upon handover. iDubai now launched at Dubai Maritime City iDubai, is a 50 storey residential twin tower project at Dubai Maritime City, world's first purpose- built maritime centre. iDubai blends the luxury of azure water and sky to offer a truly elevated lifestyle. Move into iDubai to relish the worlds best ocean views in the charming city of Dubai that never sleeps.....
Dubai property market untouched by inflation : Gowealthy.com 2008-07-07T04:36:04.743-07:00 According to a study by the International Monetary Fund (IMF), inflation in the UAE, estimated at 11 per cent in 2007, is set to drop to 9 per cent in 2008. The IMF's forecast of an easing of inflation came as economists warned of a 3 per cent surge in inflation across the GCC in 2008. The rising inflation in the UAE is mainly due to a weakening US Dollar to which the UAE Dirham is pegged against. A Dirham-Dollar peg means the region has limited ways to control inflation as central banks follow the monetary policy of the United States, where the Federal Reserve has slashed interest rates since the global credit bubble popped last year. 'Inflation will continue to rise for years. Expected inflation in GCC countries is to add 2-3 points in 2008 above its level in 2007.' Dubai property sales in 2007Upon studying the current trend of inflation across the UAE, we observe that contrary to expectations, land prices have been steadily heading north instead of declining. The total value of land transactions in Dubai last year was US$12.94 billion, according to Land Department. Some 2,329 land plots were sold in Dubai during April-June this year with a combined value"
June : Commercial Space – Dubai faces shortage : Gowealthy.com 2008-06-29T04:20:27.188-07:00 June : Commercial Space – Dubai faces shortage : Gowealthy.com: "Commercial Space - Dubai faces shortageCommercial Space - Dubai faces shortage Our studies estimate that currently some 1.72 million sq ft of commercial space is available in Dubai with a pent-up demand for 7.29 million sq ft. The commercial sector has gained momentum among investors and end-users as the rate of availability of Grade A office spaces is even lesser than 1%. It is worth noting that the rate of office occupancy in Dubai has touched an all-time high of almost 98-99% with zero vacancy levels. Our research reveals that more than 90% of Dubai's buildings designated for commercial utility are either under construction or recently launched; with most of the developments adopting 'strata' sales. demand for commercial space all time high According to Dubai Strategic Plan 2015, Dubai plans to focus on the expansion and development of the trade and commerce. The emirate aspires to carry forward its current economic performance as the trade sector has experienced the highest increase in GDP in last few years. Dubai wishes to sustain a real GDP growth rate of 11% p.a. for next 10 years and increase the real GDP per capita to $44,000 in 2015. The issued by the World Conference on Trade and Development (UNCTAD), UAE ha"
Real Estate Projects in Ajman - Months waiting Requiers for getting Electricity and water 2008-06-22T05:55:43.488-07:00  Lack of coordination between government bodies could impede the growth of the real estate sector in the Northern Emirates of the UAE. Over 300 realty projects are under various stages of development in Ajman, Umm Al Quwain and Ras Al Khaimah that might finish in time but may face difficulties in securing water and electricity, according to insiders. Hassan Abdullah Al Ghasyah, executive director of Supply at the Federal Electricity and Water Authority (Fewa), said: "Local government authorities have not coordinated on precise water and power requirement with Fewa. However, according to the Cabinet decision, Fewa is committed to a minimum 8 per cent annual growth in power and water demand."
Global Property Recession - UAE unaffected, Gowealthy.com 2008-06-15T01:13:57.079-07:00  In the wake of a looming global recession, property markets worldwide are experiencing major shake-ups that are certain to have far-reaching consequences. As they grapple with rising inflation, oil and food prices, the UK, the US and the Asian real estate markets are increasingly showing signs of a meltdown. But the Middle East, especially the UAE seems to have bucked the prevailing trend. The UAE economy attained an overall growth of 7.4 per cent in 2007 over 2006. Oil revenues averaging US$ 69.1 billion constituted 35 per cent of the UAE GDP in 2007, but it was the non-oil sectors, mainly real estate and construction that made a major impact, accounting for 65 per cent of the Gross Domestic Product
As the UAE economy develops, its real estate sector has blossomed into an attractive investment market, offering solid returns. Dubai is currently one of the world's top ten expensive commercial property markets, according to a report by CB Richard Ellis. In the study, Dubai debuted at number 10 with an occupancy cost of US$128.49. With a near-doubling of occupancy costs, Moscow has climbed four places to second at US$232.37. Ranked 13th worldwide, Midtown Manhattan is still the priciest market in North America at US$103.43.
The Boulevard a landmark for the emirate of Ajman 2008-05-11T02:27:03.755-07:00   The signature development of aaproperty.ae 'The Boulevard' is set to become a true landmark for the emirate of Ajman , with functional and futuristic living spaces and wide ranging amenities. 'The Boulevard' comprises 14 residential and commercial towers, a five star hotel, and a mall with top retail brands, trendy boutiques, hip cafes, restaurants, grocery stores, and 5000 Sq ft of kids playing area, which gives the ideal environment to live, work and entertain you and your family. It takes only 25 minutes from Dubai International Airport and 10 minutes from Sharjah Airport to reach 'The Boulevard'. 'The Boulevard' will create futuristic living spaces that will energize your mind, soul and body.
* Dynamic business environment * Contemporary & productive work environment * High-tech office spaces * Modern living spaces * Both the mall and hotel will be managed by world class management groups. * The entire project is freehold and provides residence visas. * Functional spaces with practical amenities and futuristic designs. * Strategically located on Emirates road highway; a mere 25 minutes drive from Dubai International Airport, and 10 minutes drive from Sharjah Airport . * The project comprises 14 towers, a 5 star business hotel, and Shopping mall with brands from around the world. * Over 2000 basement and podium parking spaces. * Construction on "The Boulevard" is expected to start soon. The first phase of towers is slated for completion in the 2nd quarter of 2009.
Ajman Holding launch The Boulevard a mixed use real estate project in ajman 2008-05-11T02:22:41.539-07:00  Aa Properties, the real estate arm of Ajman Holding, has announced the launch of The Boulevard, mixed-use real estate development in Ajman. The master development consists of 14 residential and commercial towers, a 5 star business hotel and a mall with top brands all across the globe, as well as over 2000 basement and podium parking spaces. His Highness Sheikh Abdul Aziz Bin Humaid Al Nuaimy, Chairman of Ajman Holding Group said: "Boulevard is the signature development of our company. The project consists of residential, office and retail spaces with various state-of-the art-facilities. The development is located far away from the hustle and bustle of city life, where people can enjoy a calm and peaceful environment." The real estate master development in Ajman is located just 25 minutes from Dubai International Airport on the Emirates Road highway, making it quite convenient for residents to commute to Dubai. Construction on ‘The Boulevard' is expected shortly, with phase one scheduled for completion in the second quarter of 2009. Aaproperty has signed a contract with Adnan Safarini Consultancy to carry out the design process of ‘The Boulevard' project.
Escape Launches Saddle Homes In Ajman 2008-05-01T01:24:11.522-07:00  Escape, an equestrian community under development in Ajman, has released a brand new housing concept to the market. The Saddle Homes at Escape offer the spacious design of a small villa combined with the convenience and ease of an apartment. These attractively priced two-storey residences are situated in configurations of four, and will be set amongst creative landscaping in keeping with the
 rest of the project.
GGICO launches Phase Two of Axis Residences project worth Dhs1.3bn at Dubai Silicon Oasis 2008-04-16T00:08:15.603-07:00   GGICO P.S.C., one of Dubai's leading diversified group of companies listed on the Dubai Financial Market, has launched the second phase of the hugely successful Axis Residences in Dubai Silicon Oasis totaling a value of over Dhs1.3bn.Continuing the successful partnership, Dubai's award winning real estate broker, Gowealthy.com will be exclusively handling the commercial sales and marketing of the 7 towers. GGICO has developed a focused strategy for the coming years and is poised to replicate its proven track record of highly successful master developments including Horizon Towers and Emirates Crown in Dubai Marina, Olympic Park in Dubai Sports City and the initial phase of Axis Residences which is due for completion in the fourth quarter of 2008. Of the seven towers, one is schedule for completion during 2008, giving further credence to GGICO's commitment to deliver an enhanced value proposition with all its offerings. 'Once again, Gowealthy.com's innovative marketing strategies proved very successful with the first phase of the project accomplishing a complete sellout before the official end of the launch period. In such a competitive market it is imperative we form alliances with partners that can ensure our developments are the focal point in the market place to potential investors. Vision sharing and common goals are basic but intrinsic factors that GGICO implements in all its practices across the 30 subsidiaries and affiliates, and aided in establishing ourselves as a leading diversified business group over the company's 35 year history in the region,' commented Mohamed Abdallah Juma Al Sari, Managing Director of GGICO. Axis Residence second phase towers boast the same high level amenities investors and home owners have come to expect from GGICO. All of the towers provide tenants with modern and well appointed interiors with spacious balconies and terraces maximising the various views on offer. In addition, buyers can expect a great leisure package including pools, health clubs, male and female gyms, and open air relaxation areas. Safety has been given high priority with every apartment equipped with leading safety features including a security system, fire safety and alarm system, smoke detection system and child-proof electrical switches. Finally, an intercom between all apartments makes the entire property well connected, and MAT TV and satellite infrastructure provide every apartment with world-class entertainment. GGICO will once again be offering a tailor-made market leading 7.5 year payment plan; an initial booking deposit of 5% of the value of the unit as the first Installment, followed by a further 5% of the value payable within 3 months of booking installment. The remaining 90% is payable in equal 1% installments from October 2008, over 90 months. 'The initial payment plan with the first phase of the project proved to be very successful and an excellent draw for investors in this competitive market. With this second phase we believe GGICO has once again raised the bar with a tailor made plan to facilitate investors - we expect this to take the market by storm!,' commented Peter Penhall, Chief Executive of Gowealthy.com.
Dubai Commercial Space Leasing costs will rise by 60% in 2008 2008-04-01T04:53:11.903-07:00  The advent of freehold property market has made a very positive impact on Dubai’s commercial and economic growth. This has resulted in Dubai emerging as Asia’s top investment hub. Dubai is currently the primary choice for expanding international companies and businesses. The influx has created a sudden demand for commercial space.Leasing charges for Dubai are the highest in the Sheikh Zayed Road area (approx. US$ 1055 per square metre), a prime business district, followed by Deira (approx. US$ 825 per square metre). The afore-mentioned figures have been compiled after analysing statistics from owners and tenants. Upon comparing the present rates with the leasing/rental expenditure in 2007, we predict an increase of more than 60% in the charges, for any newly leased out commercial space in the emirate in 2008-09.
Gulf Projects touch 2 trillon Dollar - Meed 2008-03-30T04:35:54.031-07:00  The MEED Projects index estimated that Gulf has reached a staggering $2 trillion worth of projects. The UAE remains the biggest projects market in the Gulf, accounting for 37% of the total project value. It has also registered the highest growth, with total project values in the federation rising by 46% over the past 12 months. Only a quarter of all projects tracked by MEED Projects are actually construction implying that there is another 3-5 years of further intensive construction activity to come. There have been a series of major real estate projects announced in recent months, reinforcing the sector's dominance of the projects market and pushing the overall value beyond $2 trillion. Major new real estate projects include; MEED Projects current value of investment in the Gulf by sector:
Al Quoz Fire Smoke across Dubai for at least two more days 2008-03-27T04:34:10.976-07:00     The site of the Al Quoz fire will continue to billow smoke across Dubai for at least two more days, the Civil Defence has warned. The fire which was sparked by a massive explosion at an illegal fireworks warehouse on Wednesday was finally extinguished at 8.00pm, 13 hours after it began. Colonel Ahmad Al Sayegh of the Dubai Civil Defence, said firefighters would need to douse the still smoking ruins until at least Saturday.He denied reports that attempts to control the fire in its early stages had been hampered by reinforcements being delayed by congestion on Dubai roads. “For fire like this with such flammable materials, we could not have sent our people in straight away. We had to put their safety first and wait until we knew it was safe for them to go in and begin to cool the fire.” Meanwhile police have arrested the owner of the illegal fireworks warehouse, according to state news agency Wam. Dubai Police's Criminal Investigations Department said they had interviewed the owner of the warehouse for storing fireworks illegally.
Explosion rocks Dubai -2 Dead 2008-03-26T06:10:33.650-07:00  MASSIVE EXPLOSION: As many as 20 of the 83 buildings in Al Quoz industrial area were ablaze following the massive explosion. (Kamelia Dimitrova) A massive explosion at an illegal fireworks warehouse in the Al Quoz industrial area of Dubai early Wednesday morning has sparked a huge fire, with black smoke stretching for miles across the city.
The President Bush Middle East Trip: An Opportunity to Promote Security, Freedom, and Peace 2008-01-22T02:29:24.022-08:00  The President's Middle East Trip: An Opportunity to Promote Security, Freedom, and Peace: "The President's Middle East Trip: An Opportunity to Promote Security, Freedom, and Peace by James Phillips President George W. Bush arrives in Israel today to begin an eight-day trip through the Middle East, a volatile region roiled by persistent Arab-Israeli tensions, the war in Iraq, the rise of Iran, and continued instability in Lebanon. President Bush will weigh in on all these issues and highlight his own freedom agenda for the Middle East in a series of private meetings and public appearances in Israel, the West Bank, Kuwait, Bahrain, the United Arab Emirates, Saudi Arabia, and Egypt. The President should remind Middle Eastern leaders about the common challenge they face from Islamic extremists--many of whom receive extensive support from Iran--and that such extremists threaten progress toward greater freedom in the Middle East. He should give reassurances that they can count on the U.S. as a reliable ally and press them for greater cooperation to contain Iran and combat the Islamic radicals whom Iran exploits to destabilize Iraq, Lebanon, the Palestinian territories, Afghanistan, and other countries in the region." | ||
Airports: UAE alone account for 60 per cent of all airport investment in the Gulf. Geographically, the country's reach is considerable, sweeping through Africa and the Middle East and linking these regions to Europe, Asia, Australia and the Americas. Over AED 77.5 billion (US$28.4 billion) is being spent to develop 7 airports in the UAE. 
Copyright 2006-2008 Mark W. Savoca - Privacy
policy - Sitemap - Press
Terms of Service - Copyright
information - Contact Us - About
Us