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| PALM DEIRA PLOTS FOR SALE |
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The Palm Deira is expected to draw 1.3 million residents and will be almost as big as Manhattan.
Dubai: Nakheel is going ahead with the sale of some plots on the Palm Deira in November as company officials of the Dubai-based developer allayed speculation that the global financial turmoil has dampened investor interest.
The biggest of the palm-shaped artificial islands in Dubai, the 42-square-kilometre project located between the mouth of Dubai Creek and Port Hamriya, has been 36 per cent reclaimed and is on track to welcome the first batch of residents in the next two to…
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| NAKHEEL PLANS WORLD'S TALLEST TOWER IN DUBAI |
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Nakheel's latest announcement of a 1-km tall tower with 200-floors will dwarf many super-towers globally.
Dubai: Nakheel on Sunday announced plans to build the world's tallest tower, at over a dizzying one kilometre high, joining the ranks of companies in the region furiously trying to achieve the same feat.
Nakheel Harbour and Tower will be a 270 hectare development, stretching between phase two of Ibn Battuta shopping mall and the 75-kilometre Arabian Canal.
The one-kilometre-high tower will be the centre-piece of the area.
The tower will have more than 200 floors…
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| MERAAS DEVELOPMENT LAUNCHES Dh350B JUMEIRAH GARDENS PROJECT |
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Jumeirah Gardens will be a mixed-use project located in the old Satwa area west of Shaikh Zayed Road and flanked by Al Diyafa Street and Safa Park.
Dubai: Meraas Development, a new real estate developer, has burst on to Dubai's property stage with the announcement of its first-ever project worth a staggering Dh350 billion and involving one of the world's tallest buildings - with varied microclimates and a mini-Manhattan.
Jumeirah Gardens will be a fully integrated, mixed-use development project located in the old Satwa area west of Shaikh Zayed Road and flanked by Al Diyafa…
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| MALAYSIAN FIRM TO SET UP $2B POWER PLANT IN AJMAN |
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UAE's first coal-driven energy facility will have 1,000MW capacity
Dubai The first coal-driven power plant in the UAE is to be up and running in Ajman in around three and a half years as part of government efforts to ensure adequate infrastructure is in place to cope with increasing residential projects in the emirate.
His Highness Shaikh Humaid Bin Rashid Al Nuaimi, Member of Supreme Council and Ruler of Ajman, and Ernest Nevaratnam, head of investment and projects at Malaysian Mining Corporation (MMC) Malaysia, signed the agreement yesterday to build a 1,000-megawatt…
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| AJMAN ISSUES NEW REALTY LAW |
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Decree Legalises Freehold Ownership
Ajman A new property law is set to boost Ajman's real estate sector which has witnessed solid growth over the last few months.
His Highness Shaikh Humaid Bin Rashid Al Nuaimi, Member of the Sup-reme Council and Ruler of Ajman, last week issued Amiri Decree No 7 and 8, 2008, to regulate the emirate's land and properties sector.
Billions of dollars are being pumped into the emirate's property sector, where prices have jumped from Dh350 per square foot to nearly Dh500 during the last six months, as investors scramble for a piece of…
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| Emaar accelerates Burj Dubai construction |
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Construction of what will be the world's tallest structure, the Burj Dubai, has been stepped up to meet an accelerated schedule, Dubai developer Emaar Properties said on Tuesday, without giving further details.
The state-controlled company said metal cladding on the building is 50% complete, with the reflective material now covering 80 storeys of its exterior, an area of over 50,000 square metres.
“The architectural and design splendour of Burj Dubai is now coming to fruition with the installation of the cladding, which is being executed on an accelerated schedule,” Ahmad Al Matrooshi,…
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