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Apartment, Dubai Mall Hotel & Serviced Apartments, Downtown Dubai
AED 130,000.00
Apartment, Kamoon ( Old Town ), Downtown Dubai
AED 95,000.00
Plot/Land, Plot in the Villa, The Villa
AED 780,624.00
Plot/Land, Plot in the Villa, The Villa
AED 715,572.00
Office, Addax Tower, Al Reem Island
AED 2,337,790.00
Office, Liberty House, DIFC Dubai International Financial Center
AED 2,467,500.00
Villa, Meadows 6, Emirates Living
AED 3,692,000.00
Penthouse, The Waterfront, Dubai Marina
AED 5,720,000.00
Apartment, Marina Residence, Dubai Marina
AED 80,000.00
Villa, Garden Home, Palm Jumeirah
AED 9,880,000.00
Apartment, Marina Promenade, Dubai Marina
AED 150,000.00
Apartment, Al Ghaf 2, The Greens
AED 1,612,000.00
Apartment, The Fairways, The Views
AED 1,975,998.96
Apartment, Marina Pinnacle, Dubai Marina
AED 2,309,049.60
Apartment, Marina Pinnacle, Dubai Marina
AED 1,281,540.00
Warehouse, Dubai Investment Park, Dubai Investments Park
AED 12,240,000.00
Labour Housing, Al Sajja, Al Sajja Industrial Area
AED 1,000.00
Apartment, Al Sidder, The Greens
AED 1,487,200.00
Apartment, Norton Court-Uptown, Motor City
AED 55,000.00
Apartment, Burj Views, Downtown Dubai
AED 75,000.00
Damac’s Smart Height
Damac Properties has announced that the construction works of its ‘Smart Heights’ project at Tecom,... read more»
TAJ EXOTICA RESORT
Truly glorious, the Taj Exotica Resort & Spa blends unashamed luxury with a tranquil sense of... read more»
For Sale

Khalifa approves Dh1bn Etihad Trains Company
July 10, 2009
ABU DHABI — The President, His Highness Shaikh Khalifa bin Zayed Al Nahyan, has approved a federal law decree for setting up a railways company, which will launch and run a state-of-the-art rail transport system to meet the rising transport requirements
in the country.

Named Etihad Trains Company, the federal government entity will have a capital of Dh1 billion and “shall be an independent corporate body, involved in the transporting of goods and passengers”, according to a Wam report.

The company has been given the mandate to engage in the entire gamut of activities, including owning, leasing, renting, purchasing and selling of trains, besides investing in the transporting of passengers and goods.

The proposed rail system will run across the emirates and will strive to link the rural areas with the urban areas. The objective is to provide smooth, cheap and safe mode of transport for both passengers and goods.

The rail transport mode is expected to wean people away from using own vehicles and in turn to minimise environmental pollution.

As per earlier reports, the nationwide rail network from Al Ruwais in Abu Dhabi to Fujairah will have a double track being built in two phases.

In the first phase, an industrial railway network will be completed in
five years.

The second phase will link the seven emirates with a passenger
rail line.

Thecompleted project will have about 1,000 kilometres of tracks running from the coast to the Saudi border.However, it is not clear whether Etihad Trains Company will follow the same roadmap or devise a new action plan for the development of the rail network in the country.  Khaleej Times had reported that an announcement was made at a Federal National Council (FNC) session in January this year that the Federal Railway Project tender would be floated in 2015.

During the session, Minister of Public Works Shaikh Hamdan bin Mubarak Al Nahyan said the project had been submitted after a council committee conducted a study on the project.

Again, it is not clear whether this timeline will be adhered to or will it be altered considering the global economic downturn and the crash in prices of several construction materials, including steel.

Ministerial Council of Services approved a draft law for the establishment of a federal railway corporation in the third week of March.

With the President giving his approval, the project is fast approaching the implementation phase.
Business 24-7
Dubai's house prices jump 4% in Q1
Colliers International says average prices are now on a par with 2007 levels. Property prices in Dubai's residential property market rose four per cent between fourth quarter 2009 and the first quarter 2010, but demand-supply mismatch is likely to put downward pressure on prices, according to Colliers International. "Additional stock is likely to create downward pressure on property prices. However, it remains unclear whether the future supply will have a negative impact on... read more»
Indigo Tower's service charges slashed by 20%
Owners' association cuts JLT building's charges from Dh13.47 to Dh10.77 per square foot. The building insurance of Indigo Tower has been reduced to Dh45,000 from the previous year's Dh84,375. (SUPPLIED) The Interim Owners' Association (IOA) of the Indigo Tower building in Jumeirah Lake Towers has brought down service charges by 20 per cent from the developer's proposed budget of Dh13.47 per square foot to Dh10.77 per square foot, a committee member of the association told... read more»
Dubai to pay $4.1 billion Nakheel debt
The Dubai government said Monday it will pay $4.1 billion to cover Islamic bonds issued by its Nakheel property developer which mature Monday after receiving $10 billion from Abu Dhabi. "The Government of Abu Dhabi has agreed to fund $10 billion to the Dubai Financial Support Fund that will be used to satisfy a series of upcoming obligations on Dubai World," it said in a statement. "As a first action for the new fund, the government of Dubai has authorised $4.1 billion to be used... read more»
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