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Real estate firms and banks in Dubai are likely to pursue consolidation next year, a government official said in remarks published on Wednesday.

"I personally believe we will see consolidation in real estate and banking in 2009," Emirates Business quoted Nasser al-Shaikh, director-general of the Dubai Department of Finance, as saying."It is up to the shareholders to decide, but consolidation will happen."The UAE last month said it would merge state-run Emirates...

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Real Estate Exhibition Opens In Sharjah

The second ACRES real estate exhibition kicked off on Monday in Sharjah, with over 100 real estate companies participating. Shaikh Saud Bin Khalid Bin Sultan Al Qasimi, a consultant in Sharjah Ruler's office, opened the event yesterday and conducted a tour of the exhibition space. Shaikh Saqr Bin...

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Hydra Village Sharjah aimed towards housing 50,000 residents

The leading UAE-based property developer, Hydra Properties, announced plans to develop a new mixed-use project in Sharjah to accommodate a population of 50,000.


The 'Hydra Village Sharjah' will be a landmark development in Sharjah, which will be unveiled during the Acres Middle East Exhibition, due to be held...

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United Holdings get stake in BRM

United Holdings is eyeing on acquiring stakes in a major construction firm BRM. BRM is having a portfolio of more than 200 projects worth $54 billion under its belt. United Holdings poised for buying 46 percent of BRM shares.
Embracing the strategy of making aggressive investment and expanding the business...

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Sky-high towers in Dubai invites architectural creativity

Today Dubai has become one of the world's most fascinating, ever-evolving skylines new horizons which brought the emirates on the towering level on the world stage. Along with the game for towers, there is also a fierce competition for project designing which is going to be intense day by day....

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Nomination entries closing after one month

Only one month remains to the closing of nomination entries for Construction Week Awards. Participating companies still got a chance to nominate for these awards online on this website address www.itp.net/events/cwawards.

Awards ceremony will be held on Wednesday November 5 at the Westin Dubai and followed by a gala dinner....

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Emaar opens an assistance desk at Dubai Land Department

Emaar Properties appears to be the first developer who took the initiative of assisting its customers at the Dubai Land Department office in Deira. It was observed that during their transactions, Emmar's customers had to face several kinds of difficulties which required a guidance system, which is why Emmar Properties...

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