<rss version="0.91">
<channel>
<title>www.bi-me.com RSS feed for &#8211; Real Estate</title>
<link>http://www.bi-me.com</link>
<description>Middle Eastern Business News and Data</description>
<language>en-us</language>
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<title><![CDATA[Majid Al Futtaim prices US$400 million sukuk issue ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56468</link>
<description><![CDATA[UAE. The sukuk was 4 times oversubscribed with over 140 orders and features well-diversified investor participation]]></description>
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<title><![CDATA[Global outlook for real estate remains unclear in 2012, says CBRE]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56466</link>
<description><![CDATA[UAE. Macro-economic and political landscape uncertainty suggests that a cautious outlook for commercial real estate is likely to persist into 2012, according to a new report from CBRE Global Research.]]></description>
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<title><![CDATA[Drake &amp; Scull  inks MEP agreement for major government facility in Abu Dhabi ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56426</link>
<description><![CDATA[UAE. The project, worth AED127 million, is DSI&#039;s first MEP agreement in Abu Dhabi for 2012 and represents a strong start for the company within one of the region&#039;s most promising construction markets. ]]></description>
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<title><![CDATA[Arabian Construction Co. to renovate Nile Ritz Carlton in Cairo]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56430</link>
<description><![CDATA[UAE. ACC has been awarded the US$90 million contract which includes interior finishing and mechanical electrical and plumbing (MEP) scheduled to be completed in 18 months.]]></description>
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<title><![CDATA[More European construction firms head to Qatar]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56340</link>
<description><![CDATA[QATAR. Qatar Projects 2012 conference to attract major European companies looking to take advantage of US$106 billion worth of projects to be awarded.

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<title><![CDATA[Dubai Holding unit confirms repayment of US$500 million bond ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56337</link>
<description><![CDATA[UAE. Dubai Holding Commercial Operations Group confirmed today the repayment of a US$500 million bond maturing on February 1, and three scheduled coupon payments on its Medium Term Notes.
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<title><![CDATA[Louvre, Guggenheim museums revived in Abu Dhabi after cost reviews]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56329</link>
<description><![CDATA[UAE. Abu Dhabi also approved new investments in housing, health and education, according to a statement posted on the Executive Council&#039;s web site. No cost was given.]]></description>
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<title><![CDATA[Strong demand for Reem Island property, says Damac]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56298</link>
<description><![CDATA[UAE. Demand for property on Abu Dhabi&#039;s natural Al Reem Island, is outstripping other parts of the Emirate as people seek the &quot;island dream&quot;. ]]></description>
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<title><![CDATA[Majid Al Futtaim earnings rise 18% to over AED2.7 billion]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56288</link>
<description><![CDATA[UAE. Revenue grew by 10% to AED 18.7 billion; Strong balance sheet with assets over AED 35 billion; Highest-rated privately held corporate in the Middle East.]]></description>
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<title><![CDATA[Bahrain Bay appoints new Chief Executive Officer]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56285</link>
<description><![CDATA[BAHRAIN. International real estate expert, Robert Lee, to spearhead project&#039;s ongoing progress. Lee has held senior executive positions at leading real estate companies in the Middle East including Emaar, Al Futtaim, and Nakheel.]]></description>
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<title><![CDATA[Iran military conflict would harm UAE real estate market ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56283</link>
<description><![CDATA[UAE. A military conflict between Iran and Western powers would be detrimental to property prices in the United Arab Emirates as the country would lose its safe haven status, according to Jones Lang LaSalle.]]></description>
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<title><![CDATA[Main trend for UAE real estate in 2012 likely to be increased polarisation, says Jones Lang LaSalle]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56267</link>
<description><![CDATA[UAE. As the performance of the best quality projects will improve, average prices are expected to decline further in 2012 within this increasingly two tier market, according to &quot;Top Trends for UAE Real Estate in 2012.&quot; ]]></description>
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<title><![CDATA[Beyond oil: Abu Dhabi seeks to diversify its economy]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56250</link>
<description><![CDATA[UAE. Enormous oil revenues and a far-sighted government have powered Abu Dhabi&#039;s economy for 40 years. But as the UAE heads into its fifth decade, it is time for private enterprise to lead the way. But is private industry ready to take up the offer?


]]></description>
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<title><![CDATA[CBRE to advise Alshaya on La Senza UK store portfolio ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56259</link>
<description><![CDATA[INTERNATIONAL. Property adviser retained by Middle East&#039;s leading retail franchise operator.]]></description>
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<title><![CDATA[Sorouh Real Estate: More room for growth, an attractive risk-reward]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56206</link>
<description><![CDATA[UAE. Beltone has initiated coverage of Sorouh Real Estate, Abu Dhabi&#039;s second-biggest property developer by market value, with Buy Recommendation.

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<title><![CDATA[Asteco teams-up with property investment firm IP Global]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56196</link>
<description><![CDATA[UAE. Partnership gives Asteco clients opportunity to diversify their property portfolio and take advantage of IP Global&#039;s full-service international investment offering.

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<title><![CDATA[MENA property a safe haven amid global uncertainty in 2012, says Damac]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56197</link>
<description><![CDATA[UAE. The emerging trend is the result of a combination of factors, the most significant of which is the stabilisation of property prices, coupled with attractive rental yields.]]></description>
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<title><![CDATA[Emaar Middle East showcases flagship lifestyle communities in Saudi Arabia ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56192</link>
<description><![CDATA[UAE. Roadshow and sales event to be held from January 19 to 26 at The Dubai Mal;Special pavilion to feature Jeddah Gate and Al Khobar Lakes developments. ]]></description>
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<title><![CDATA[Saudi Arabia real estate shortage necessitates investment]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56181</link>
<description><![CDATA[SAUDI ARABIA. Investors have not been spoilt for choice in the current economic climate, yet it is widely believed there are still ample opportunities available in real estate, especially when considering the long term picture. ]]></description>
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<title><![CDATA[BUILDEX 2012 underscores exceptional opportunities in Saudi Arabia&#039;s building and construction sector]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56165</link>
<description><![CDATA[SAUDI ARABIA. The 14th Saudi International Building &amp; Construction Exhibition, takes place at the Dhahran International Exhibition Center in Dammam from March 18-21.]]></description>
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<title><![CDATA[Dubai World unit eyes sale of UK asset to meet debt]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56154</link>
<description><![CDATA[UAE. Economic Zones World is considering the sale of its UK-based warehouse property developer Gazeley, as it looks to repay some of its debt of over US$2 billion this year.]]></description>
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<title><![CDATA[Qatar property market broadly stable with rising demand]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56152</link>
<description><![CDATA[QATAR. The number of transactions and enquiries is expected to continue rising in 2012 with the supply/demand gap narrowing, says Asteco Qatar Q4 2011 report.]]></description>
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<title><![CDATA[Shaping the future of urban transportation ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56109</link>
<description><![CDATA[UAE. EFPL Middle East workshop explored the role ICTs play in urban transportation systems with specific examples from the GCC region.]]></description>
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<title><![CDATA[Abu Dhabi&#039;s Aldar &#039;B/B&#039; ratings affirmed following sale of assets]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56103</link>
<description><![CDATA[UAE. Aldar&#039;s capital structure and liquidity position are likely to strengthen since it sold additional assets to the government.]]></description>
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<title><![CDATA[UAE real estate trends in 2012: &#039;Income vs. Liability&#039; to dictate, says Tasweek ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56095</link>
<description><![CDATA[UAE. Abu Dhabi to welcome more supply; Dubai market stands to benefit from key macroeconomic changes.
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<title><![CDATA[Nakheel plans first new Palm Island project since Dubai crash]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56086</link>
<description><![CDATA[UAE. Nakheel will build shops, computer-controlled fountains and a public walk on the tip of the palm-shaped island, Chairman Ali Rashed Lootah said.]]></description>
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<title><![CDATA[Road, rail and bridge projects planned in the GCC worth US$142 billion]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56079</link>
<description><![CDATA[UAE. Railway projects, including rail, metro, tram, and stations are valued at US$79 billion, this includes the US$30 billion GCC rail network.]]></description>
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<title><![CDATA[Abu Dhabi may rescue more developers]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56060</link>
<description><![CDATA[UAE. &quot;It&#039;s fair to think of Abu Dhabi as a backstop in a worst- case scenario, because a big default would be too tough of an option now and would damage confidence.&quot;]]></description>
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<title><![CDATA[Jordan apartment rents rise on property law amendment]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56059</link>
<description><![CDATA[JORDAN. Rents rise as amendments allow landlords to increase prices to current market values, says Asteco&#039;s Jordan Q4 2011 report.

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<title><![CDATA[Gatehouse Bank seals US$54.5 million US medical facility investment]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56057</link>
<description><![CDATA[KUWAIT. Kuwaiti wholesale Shariah compliant investment bank in London, has successfully delivered its first real estate realized investment.]]></description>
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<title><![CDATA[Dubai-based Majid Al Futtaim Holding&#039;s trust certificate program assigned &#039;BBB&#039; rating]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56048</link>
<description><![CDATA[UAE. The ratings on retailer and property company MAF Group reflect Standard &amp; Poor&#039;s view of the group&#039;s &quot;satisfactory&quot; business risk profile and its &quot;intermediate&quot; financial profile. ]]></description>
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<title><![CDATA[Nakheel signs lease agreement with Geant Hypermarket]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56047</link>
<description><![CDATA[UAE. Lease agreement with international supermarket chain for a 10,000 square metre space in Dubai&#039;s Dragon Mart Phase II.  
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<title><![CDATA[Damac, Al-Futtaim to settle Mubarak-era land purchase disputes with Egypt]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56029</link>
<description><![CDATA[EGYPT. The Egyptian government is trying to settle disputes with companies in out-of-court reconciliations.]]></description>
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<title><![CDATA[UAE Northern Emirates property market stagnant as demand remains low]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56021</link>
<description><![CDATA[UAE. Apartment and villa rental rates broadly unchanged in the fourth quarter of 2011 with limited transaction activity set to continue, says Asteco Q4 2011 report.

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<title><![CDATA[Bahrain real estate sector continues to wrestle with reality of part-sold, part-built residential projects]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55989</link>
<description><![CDATA[BAHRAIN. Talk in the residential sector remains dominated by the &quot;affordable housing&quot; market although there remains a lack of clarity by many developers as to what this actually means.]]></description>
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<title><![CDATA[Legislation critical for maturity of Makkah and Madinah real estate sector, says Alpha1Estates ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55970</link>
<description><![CDATA[SAUDI ARABIA. Alpha1Estates has proposed five critical pieces of legislation which focus on globalising the sector to non-Saudi Muslims, which will lead to greater investments, prosperity and quality of life in the Holy Cities.

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<title><![CDATA[Bahrain in US$551 million deal with private sector to provide affordable housing]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55969</link>
<description><![CDATA[BAHRAIN. Bahrain signed a contract with an independent company to build more than 4,000 low-income homes over the next three years. 
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<title><![CDATA[Cluttons predicts &#039;brisk start&#039; for UAE residential real estate market in 2012 ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55965</link>
<description><![CDATA[UAE. The residential market will continue to mature, with quality and amenities driving demand; Rents are expected to bottom out in the commercial sector.

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<title><![CDATA[Serco acquires Mubadala subsidiary]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55912</link>
<description><![CDATA[UAE. Serco expands integrated facilites management business in Abu Dhabi to meet growing demand. ]]></description>
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<title><![CDATA[Abu Dhabi helps struggling Aldar with US$4.6 billion lifeline]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55903</link>
<description><![CDATA[UAE. The Abu Dhabi government gave indebted Aldar Properties a lifeline on Wednesday, which included buying assets from the struggling developer and retiring a loan.

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<title><![CDATA[Jones Lang LaSalle MENA wins top honours at the International Property Awards ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55892</link>
<description><![CDATA[UAE. In winning  both the &quot;World&#039;s Best&quot; categories, Jones Lang LaSalle MENA had to take on the finest property consultants not only from Arabia but also the UK, Africa, Europe, the Americas and Asia Pacific.]]></description>
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<title><![CDATA[Nakheel can&#039;t charge Dubai Palm Island residents for access to beach]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55891</link>
<description><![CDATA[UAE. &quot;By law, no one can stop an owner or a registered tenant from using the communal areas once they have paid service fees,&quot; Marwan bin Ghalita, chief executive officer of Dubai&#039;s Real Estate Regulatory Agency, said.]]></description>
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<title><![CDATA[Aldar board to discuss sale of some assets]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55881</link>
<description><![CDATA[UAE. The developer said its board will meet on December 28 to discuss the sale of the unspecified assets and will also tackle &quot;operational matters relating to the company and its projects.&quot; ]]></description>
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<title><![CDATA[Dubai&#039;s DIFC Investment says repays Deutsche Bank loan]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55873</link>
<description><![CDATA[UAE. The investment arm of the firm that runs Dubai&#039;s financial free zone, said it had repaid in full US$200 million to Deutsche Bank under the terms of a loan facility.]]></description>
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<title><![CDATA[Aldar drops to record amid delisting speculation]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55838</link>
<description><![CDATA[UAE. Aldar Properties tumbled to the lowest on record on investor speculation Abu Dhabi&#039;s biggest developer by market value may be taken private.

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<title><![CDATA[UAE office take-up shows increased demand]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55832</link>
<description><![CDATA[UAE. Dubai experiences a buoyant Q3 while Abu Dhabi vacancy rates remain competitive, according to latest research from CBRE. 

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<title><![CDATA[Qatar projects worth US$106 billion still to be awarded ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55831</link>
<description><![CDATA[QATAR. Qatar Projects 2012 conference programme to focus on major opportunities as Doha prepares to award the first of US$106 billion worth of projects. ]]></description>
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<title><![CDATA[Price conscious consumers still have a preference for Sharjah over Dubai, says Cluttons]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55830</link>
<description><![CDATA[UAE. Sharjah showing signs of maturity and stability with gradual flow of supply to the market.
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<title><![CDATA[Riyadh real estate market driven by continued strong demand]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55813</link>
<description><![CDATA[SAUDI ARABIA. Confident outlook is further enhanced by proactive Government initiatives to increase spending, according to Jones Lang LaSalle  Overview Q3 2011.
 ]]></description>
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<title><![CDATA[Emaar inks US$1 billion financing facility backed by Dubai Mall]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55806</link>
<description><![CDATA[UAE. The two-tranche facility, which consists of both sharia-compliant and conventional funding, is split between a five-year tranche and an eight-year amortising loan.
]]></description>
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<title><![CDATA[Aldar to convert Mubadala-held bonds at low end of price range]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55753</link>
<description><![CDATA[UAE. Abu Dhabi&#039;s biggest real-estate company grapples with tumbling property prices and declining market value.]]></description>
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<title><![CDATA[How to structure a housing Public Private Partnership in Iraq ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55751</link>
<description><![CDATA[UAE. The BOO/BOT/BOOT/BTO models that we now see being used for infrastructure and utility projects can also be extended for use in the housing sector, although there are a number of important differences that must be recognised and built into a housing concession. 
]]></description>
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<title><![CDATA[Multinationals to maximize office space in Gulf]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55744</link>
<description><![CDATA[UAE. Global drive to cut overheads begins to shape regional corporate strategy despite softening office rents says Dubai-based interior architect Pringle Brandon.]]></description>
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<title><![CDATA[Cluttons sees &#039;selective stabilization&#039; in Dubai real estate market ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55743</link>
<description><![CDATA[UAE. UAE market ends on a positive note, as real estate specialist predicts a &#039;brisk&#039; start to business in 2012. ]]></description>
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<title><![CDATA[Abu Dhabi residential property prices stabilise in fourth quarter as project delays limit supply]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55732</link>
<description><![CDATA[UAE. Apartment and villa rents were broadly unchanged in the fourth quarter of 2011 compared to the previous quarter, according to Asteco H2 2011 report.

]]></description>
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<title><![CDATA[Mark Wynne-Smith to become CEO for Jones Lang LaSalle Hotels]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55718</link>
<description><![CDATA[UAE. Arthur de Haast steps up to Chairman; expands other roles within Jones Lang LaSalle

]]></description>
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<title><![CDATA[Growth in steel, metal and building material trade showcases GCC&#039;s robust momentum in infrastructure investment]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55720</link>
<description><![CDATA[UAE. Frost &amp; Sullivan&#039;s perspective on the growth in steel, metals and building manufacturing companies in Jebel Ali Freezone.]]></description>
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<title><![CDATA[Dubai residential property steady as transactions increase]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55704</link>
<description><![CDATA[UAE. Sales and rents stabilise, villa sales and rents relatively unchanged. Improving demand set to continue in 2012, says Asteco H2 2011 report.

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<title><![CDATA[Drake &amp; Scull Saudi awarded new healthcare facility project ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55705</link>
<description><![CDATA[UAE. The company signs a SAR130 million MEP contract for a hospital in the eastern province. 

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<title><![CDATA[Steel, Metal and Building Material trade in Dubai&#039;s Jafza business park up 14% last year ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55697</link>
<description><![CDATA[UAE. Free Zone expects sector-related trade to rise further in 2011, officials announce at Jafza&#039;s 7th Strategic Customer Forum.

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<title><![CDATA[Saudi Arabia to be among world&#039;s top ten real estate markets in 2012, says DAMAC]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55701</link>
<description><![CDATA[UAE. With investment bank Rasmala predicting five per cent growth in house prices over the next two consecutive years, Saudi Arabia&#039;s property sector is poised to become one of the world&#039;s leading property markets.]]></description>
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<title><![CDATA[Opportunities abound in Saudi Arabia&#039;s fast growing retail market]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55687</link>
<description><![CDATA[SAUDI ARABIA. Jones Lang LaSalle report concludes that while retail spending continues to grow rapidly, new retail space is being developed to the point that there is retail saturation in some areas which is leading to a growing polarisation of the winners and losers.]]></description>
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<title><![CDATA[Prime London property continues to attract Saudi investment]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55653</link>
<description><![CDATA[SAUDI ARABIA. Chesterton to showcase the tallest residential tower in London properties at Cityscape in Riyadh.

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<title><![CDATA[Drake &amp; Scull Saudi secures US$94 million commercial development in Riyadh ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55634</link>
<description><![CDATA[UAE. Latest project takes the total value of awarded contracts in Saudi to US$653 million year to date. 

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<title><![CDATA[London&#039;s real estate market shows no sign of Eurozone uncertainty for Middle Eastern investment ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55604</link>
<description><![CDATA[UAE. IP Global releases figures underlining the strength of the London real estate market for Middle Eastern investors. ]]></description>
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<title><![CDATA[Drake &amp; Scull wins AED200 million  deal to develop Kuwait University]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55598</link>
<description><![CDATA[KUWAIT. The contract is for mechanical, electrical and plumbing works for the college of art at the Sabah Al-Salem University development in Shadadiya.]]></description>
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<title><![CDATA[Emaar celebrates UAE&#039;s 40th National Day with Downtown Dubai Parade]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55529</link>
<description><![CDATA[UAE. Spectacular floats &amp; entertainment activities to mark UAE&#039;s 40th National Day celebrations. 

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<title><![CDATA[Emaar Retail marks 40th UAE National Day with activities celebrating all four pillars of the &#039;Spirit of the Union&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55467</link>
<description><![CDATA[UAE. Dubai Aquarium &amp; Underwater Zoo to display UAE national flag - one of the largest in the world - within an aquarium environment; KidZania invites ideas for the nation&#039;s future from children.]]></description>
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<title><![CDATA[Nakheel Will build 500 artificial reefs in Dubai]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55435</link>
<description><![CDATA[UAE. The reefs will probably be built around  the Palm Jumeirah and the World islands with the aim of developing marine life and sustaining the fishing industry.]]></description>
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<title><![CDATA[Jones Lang LaSalle MENA wins top honours at the Arabian Property Awards ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55394</link>
<description><![CDATA[UAE. The Arabian Property Awards are part of the International Property Awards, which are now in their 17th year and have become recognised as the highest standard of excellence throughout the global industry]]></description>
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<title><![CDATA[Retailers to continue EMEA expension in 2012 despite economic challenges]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55392</link>
<description><![CDATA[INTERNATIONAL. 71% of international retailers are planning to open more than five stores in the Europe, Middle East and Africa region by the end of 2012.]]></description>
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<title><![CDATA[Investcorp acquires three major real estate assets in the US ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55361</link>
<description><![CDATA[BAHRAIN. Recent acquisitions bring total investment in the real estate market this year to US$300 million.]]></description>
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<title><![CDATA[Middle East retail markets&#039; &#039;build it and they will come&#039; syndrome truly laid to rest]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55331</link>
<description><![CDATA[INTERNATIONAL. Retail International releases details of &quot;The Annual Report 2011 - Q3&quot;, a  survey of the retail markets in the GCC, Levant and North Africa.  

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<title><![CDATA[Emaar says third quarter apartment sales drop 86% on weak demand]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55270</link>
<description><![CDATA[UAE. Income from apartment sales dropped to AED183.3 million from AED1.34 billion a year earlier, according to Emaar&#039;s financial statement.]]></description>
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<title><![CDATA[Jeddah residential market continues to gain momentum, says Jones Lang LaSalle ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55254</link>
<description><![CDATA[SAUDI ARABIA. Robust upward trend seen as average prices and rentals continued to increase across the city in Q3 2011. ]]></description>
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<title><![CDATA[Jumeirah Group to operate Grosvenor House Apartments in London]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55222</link>
<description><![CDATA[UAE. Located on London&#039;s Park Lane and originally built in the 1920s, Grosvenor House Apartments by Jumeirah Living has undergone a complete internal rebuild and refurbishment. ]]></description>
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<title><![CDATA[Iraqi minister to address Urban Development Summit in Turkey]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55206</link>
<description><![CDATA[IRAQ. Leading international experts from across the construction and investment sectors will gather later this month to meet key Iraqi government stakeholders.]]></description>
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<title><![CDATA[Jones Lang LaSalle&#039;s Global Office Index shows prime office vacancy rate drops to two-year low ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55189</link>
<description><![CDATA[INTERNATIONAL. The firm&#039;s new Index shows this was the seventh consecutive quarter where prime rents have risen which reflects an 8.2% uplift since the bottom of the market. ]]></description>
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<title><![CDATA[Aldar reports third quarter profit of US$39 million, beats estimates]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55146</link>
<description><![CDATA[UAE. Net income totaled AED144 million (US$39 million) compared with a year-earlier loss of AED731.2 million, the company said.]]></description>
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<title><![CDATA[Saudi BUILDEX 2012 to provide ultimate platform for building &amp; construction companies]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55131</link>
<description><![CDATA[SAUDI ARABIA. Saudi Arabia is considered to be the largest construction market in the Middle East, and is also one of the fastest growing markets in the world.]]></description>
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<title><![CDATA[Abu Dhabi&#039;s economic vision dims amid Dubai-like property slump]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55128</link>
<description><![CDATA[UAE. The emirate&#039;s plan &quot;was a little too ambitious and they&#039;re realizing now that many of those projects might not make as much economic sense as they initially thought.&quot;
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<title><![CDATA[Drake &amp; Scull Kuwait channelling regional expertise to drive local construction]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55114</link>
<description><![CDATA[UAE.  Company exclusively owns unique engineering technologies, especially in the MEP and Water and Power sectors, and enjoys close ties with governmental and private property developers. 

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<title><![CDATA[Facilities Management revenue in the Middle East to hit US$4.2 billion ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55093</link>
<description><![CDATA[UAE. In order to stay ahead of the curve and be successful the FM companies will have to implement best practices and adhere to forthcoming regulations laid down by Middle East Facilities Management Association and the Real Estate Regulatory Agency. 
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<title><![CDATA[Arabtec third quarter profit surges]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55069</link>
<description><![CDATA[UAE. Dubai builder Arabtec&#039;s third quarter net profit surged more-than-fivefold beating analysts&#039; forecasts, while revenues dipped slightly from the same period last year.

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<title><![CDATA[Aldar cuts 24% of workforce, will continue to focus on core Abu Dhabi market]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55067</link>
<description><![CDATA[UAE. The developer will &quot;selectively target new developments where there is demonstrable demand, and increase Aldar&#039;s large-scale fee-based development activities.&quot;
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<title><![CDATA[Dubai property shares surge, helped by US$1 billion fund plan, Europe debt deal]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55030</link>
<description><![CDATA[UAE. &quot;The European debt accord provided a platform of stability and overall positive sentiment, the ICD dedicated domestic real estate fund provided some additional impetus.&quot;
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<title><![CDATA[Emaar records net operating profit of US$340 million in first nine months of 2011]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55029</link>
<description><![CDATA[UAE. Revenue for first nine months of 2011 reaches US$ 1.6 billion; Third quarter net operating profit   stands at US$ 111 million, 34% down from a year earlier.
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<title><![CDATA[UAE home prices may slide another 10%-30% on growing supply glut ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55023</link>
<description><![CDATA[UAE. Prices won&#039;t show &quot;any meaningful recovery&quot; in the next five years, according to Saud Masud, an analyst at Dubai-based Rasmala Investment Bank. ]]></description>
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<title><![CDATA[Saudi housing supply-demand gap narrows]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55014</link>
<description><![CDATA[SAUDI ARABIA. Banks have started to lend and government support has boosted sector development, the director of Jones Lang LaSalle in Saudi Arabia said.]]></description>
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<title><![CDATA[ICD, Brookfield plan US$1 billion Dubai property fund]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=55007</link>
<description><![CDATA[UAE. The eight-to-10-year fund will target opportunities in Dubai&#039;s property market, focusing on a range of freehold and non-freehold assets, ICD said.]]></description>
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<title><![CDATA[Oversupply to cap Dubai property recovery until 2016]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=54977</link>
<description><![CDATA[UAE. &quot;We don&#039;t see recovery over the next five years. New construction, new projects are unlikely to happen and the same would hold true for the commercial market,&quot; said a Moody&#039;s senior analyst. ]]></description>
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<title><![CDATA[Emaar seeking US$700 million financing, says Chairman]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=54972</link>
<description><![CDATA[UAE. &quot;If there is an institution with an outstanding financial position that is watched and attracts interest, then chances of financing and re- financing and prices would be excellent,&quot; Mohamed Alabbar told Dubai TV.
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<title><![CDATA[Egypt says easing rules to draw investors]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=54969</link>
<description><![CDATA[EGYPT. The head of the General Authority for Free Zones and Investment, Osama Saleh, said his organization was seeking to boost small- and medium-sized enterprises. ]]></description>
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<title><![CDATA[Dubai industrial property sector has a &#039;reason to celebrate&#039; as activity increases month on month]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=54961</link>
<description><![CDATA[UAE. Recent surge in activity derives predominantly from courier companies and the GCC petrochemical industry; Investment within logistics market remains strong, with Dubai remaining a key location for regional HQ&#039;s.]]></description>
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<title><![CDATA[Average residential rents in Abu Dhabi fall by 7%]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=54956</link>
<description><![CDATA[UAE. The downward trajectory of lease rates across both commercial and residential property is anticipated to continue, according to CBRE MarketView Abu Dhabi.]]></description>
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<title><![CDATA[Emaar launches &#039;Dawahi Development&#039; to focus on value housing projects across Arab World]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=54941</link>
<description><![CDATA[UAE. Wholly-owned subsidiary functioning as separate entity with dedicated management team.]]></description>
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<title><![CDATA[UAE property earnings may sink despite Nakheel deal]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=54937</link>
<description><![CDATA[UAE. A US$16 billion debt restructuring of Dubai developer Nakheel will not help prevent a slump in third-quarter earnings of property firms.]]></description>
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<title><![CDATA[Msheireb Enrichment Centre hosts seminar on &#039;Effectiveness of Risk Management in the Evolving Market&#039;]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=54891</link>
<description><![CDATA[QATAR. Annual event highlights importance of timely management in mitigating enterprise risks.
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<title><![CDATA[UAE property prices, rents may drop further 20%, says Arqaam]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=54889</link>
<description><![CDATA[UAE. &quot;Genuine revival triggers will only appear in a broad macroeconomic recovery, via job creation, a rise in discretionary spending, continued regulatory evolution, resumed mortgage lending, and growth in tourist flows.&quot;]]></description>
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<title><![CDATA[Msheireb Downtown Doha takes global stage at EXPO REAL exhibition]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=54857</link>
<description><![CDATA[QATAR. World&#039;s first sustainable downtown regeneration project is the highlight of Europe&#039;s biggest property event. 
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