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TransOceans.net
30/6/2008
Transoceans has signed a contract to extend
Mohamed bin Buti's mosque in Abu Dhabi. The period of
the contract is for 3 months and the construction
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TransOceans.net
16/6/2008
“
A new contract will be signed soon for TransOceans
contracting to build a compound of 6 villas in Abu Dhabi” a
Transocean’s official told TransOceans.net early this week.
According to this official the new contract will be for
almost 1 year with a cost of nearlu 7 million ADE. “The new
contract will be on of a series which will be signed in
coming weeks” said the official .
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Thenational.ae
8/6/2008
Arabtec Construction has won a Dh3 billion
(US$816 million) contract – its largest residential contract
in the UAE so far this year – to build the first 1,500 homes
at Nakheel’s Al Furjan development in Dubai.The project will
include 4,000 villas and terraced houses across four
communities.
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Thenational.ae
8/6/2008
Nakheel, the Dubai-based developer, will
require all property developers working on its projects to
meet strict international environmental standards. Nakheel
will use the benchmark Gold LEED (Leadership in Energy and
Environmental Design) standards set by the US Green Building
Council.
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Zawya.com
2/6/2008
Experts speaking at the three-day Retail City Exhibition and
Conference which opened on Sunday 1st June at the Dubai
International Exhibition Centre have given their
recommendations to try to avert the late delivery of retail
projects and the lack of clear retail legislation.
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28/05/2008
WAM
Abu Dhabi
President His Highness Shaikh Khalifa Bin Zayed
Al Nahyan, in his capacity as the Ruler of Abu Dhabi, has
issued a law restructuring the statutes regulating housing
loans for citizens in the emirate.The Law No 9 (Year 2008)
is meant to support the welfare of Emiratis and raises the
maximum loan limit from the Private Loans Authority from the
current Dh1.2 million to Dh2 million, repayable within 30
years in equal installments with no interest.
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Clarity of laws needed to propel Abu Dhabi real estate
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Manoj Nair, Editor
propertyweekly.ae
Published: 19/05/2008
Further legal clarity on what constitutes
freehold would go a long way in giving another qualitative
lift to Abu Dhabi’s real estate momentum. This comes in the
wake of at least one master development having started
offering units on a freehold basis in recent weeks, while
the others maintain the status quo of the 99-year leasehold.
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Area of concern remains in
Asian property boom |
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Nicole Walter, Senior Features
Writer
propertyweekly.ae
Published: 19/05/2008
Asian markets provided the cheer in
what was an eventful year for the global property
sector in 2007. Shanghai led the gains in the
residential space with a 35.4 per cent growth in
value, according to an authoritative report by the
Global Property Guide.
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