Thursday, October 30, 2008
It's official: the economy is contracting. U.S. GDP shrunk at an annualized rate of 0.3 percent during 3Q08, mostly as consumers decided that they needed to do less shopping. How long will the contraction continue? It's anyone's guess, but if it continues at the current pace through 1Q09, that would be the worst recession since the mid-1970s. At this point, the nation might be lucky if the cu ... more
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Wednesday, October 29, 2008
The unique strengths of Abu Dhabi mean the Emirate’s real estate sector is poised for continued growth despite the global downturn, said Sorouh’s Managing Director, Abubaker Al Khouri, in a speech on Tuesday in London. Speaking at the Abu Dhabi Investment Forum at the Dorchester Hotel, Al Khouri outlined the strong market fundamentals which ensure demand will remain strong over both the short ... more
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Monday, October 27, 2008
LAHORE: The Punjab government’s plan to construct an elevated expressway from Kainchi Stop to the Niazi Interchange will render the Lahore Rapid Mass Transit (LRMT) project obsolete, said experts associated with the project.
The experts told Daily Times that the elevated expressway is estimated to cost Rs 40 – 50 billion while the LRMT project would have cost the government about ... more
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Friday, October 24, 2008
Lahore: PUNJAB Chief Minister Mian Shahbaz Sharif has said that work on the second phase of the Lahore Ring Road project will start in January and will be completed within two years.
Presiding over a meeting regarding the ring road project here on Monday, he said the link roads for connecting the ring road to different areas of the city as well as the underpasses should also be co ... more
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Friday, October 24, 2008
RAWALPINDI: The City Traffic Police’s (CTP) experiment to make Benazir Bhutto Shaheed Road signal-free has gone down like a lead balloon, as the road and its links roads could be seen chock-a-block with traffic all the time causing wastage of time and fuel and botheration to the motorists.
During a visit to Murree Road, Saidpur Road, Sadiqabad Road, Double Road and 5th and 6th Roa ... more
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Friday, October 24, 2008
Last month, an Israeli-backed firm bought a Rowlett shopping center. German investors recently purchased property in Frisco and Plano. And Middle Eastern investors looked at the Galleria and Millennium towers in Dallas.
What going on?
A weak dollar, oil-rich Middle East nations and growing Asian exports are spurring foreign investments in Dallas and across the country. ... more
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Friday, October 24, 2008
DUBAI: A senior official working with one of the leading real estate developers in Dubai is under scanner for allegedly taking $816.8 million as bribe, the latest trade scandal to crop up in the Gulf business hub.
Walid Al Jaziri, General Manager of sales at Nakheel, the state-owned company behind Dubai's iconic projects such as Palm Islands and The World, has been accused of comm ... more
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Monday, October 20, 2008
ISLAMABAD (October 20 2008): The Capital Development Authority (CDA) is planning to hold property exhibition and road show in Dubai with the objective to attract foreign investment in the real estate sector in Islamabad. These events aim to generate funds for development projects planned by CDA and to bring the scarce foreign exchange into the country.
This was stated by the newly ... more
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Monday, October 13, 2008
Dubai: Real estate company Al Mazaya Holding on Sunday announced it has bought back six per cent of its shares from the market in a bid to benefit its revenues.
Due to correctional movements in the financial markets, senior officials at Al Mazaya believe that by buying back shares it can boost the market value of the company's equities.
This decision follows the recent ... more
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Tuesday, October 07, 2008
Dubai- Showcasing its flagship project, the Dubai Festival city at the Cityscape 2008, the Al-Futtaim Group Real Estate (AFGRE) the emerging real estate giant of the UAE, is more confident than ever as the group the expanding its horizon towards the other Middle Eastern countries starting with Cairo Festival City after the smash hit of Dubai festival city. Al-Futtaim Group Real Estate (AFGRE) ... more
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Monday, October 06, 2008
Emaar Properties would officially launch sale of premium commercial space within the Downtown Burj Dubai and Dubai Marina today, it was learnt.
These commercial spaces offer modern infrastructure and connectivity with Dubai’s business centers. Burj Dubai Square is a special commercial space and is more commonly being described as ‘new heart of Dubai’. It comprises of 6 modern offi ... more
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Monday, October 06, 2008
Lahore: The Lahore Development Authority (LDA) has failed to take any action against illegal housing societies despite being given complete rights to look into their matters in 2005, it was learnt.
Illegal housing schemes established are continuing their development works without any hindrance. They are located in the areas of Shalimar Town, Aziz Bhatti Town and Wahga Town. Upon c ... more
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Saturday, October 04, 2008
Dubai properties, leading master developer and a subsidiary of Dubai Properties Group (DPG), will release details on its new projects and showcase existing developments at Cityscape Dubai 2008, one of the largest business-to-business real estate investment and development events in the world. The master developer is also an exclusive sponsor of the annual ITP Architecture Awards, the Media Ce ... more
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