The Jeddah Municipality has signed a memorandum to enhance the city’s central district with an alliance of international and development companies. The project will encompass an area of 6 million m2, and the main two companies to execute the project are Solidere International (SI) and the Jeddah municipality owned Jeddah Company for Construction and Urban Development.

Solidere International, one of the Mediterranean region's largest and most successful city and place makers will be displaying its ambitious Dhs220bn master planned coastal city, Al Zorah, at Cityscape Dubai, running October 6-9 at the Dubai International Exhibition Centre.

In a move that reflects the growing tide of environmental awareness around the world, leading regional developer, Tameer Holding, has announced the launch of its new, LEED-certified sustainable project in the heart of the Arjan district in Dubailand - Eye Park.

Tennis legend, Boris Becker today unveiled one of the region's most ambitious integrated luxury mega-resorts - the Boris Becker Beach Resort & Tennis Academy - partly owned by the former world champ himself.

Lebanon is still sound place for investments despite the gloomy economic outlook around the world as a result of the global economic recession. This is one of the views echoed by a leading Arab investor who attended a conference on real estates in Lebanon last month. There is a growing agreement among many western and Arab financial analysts that Lebanon is one of the countries that managed to take full advantages of the crisis in the US and Europe. Properties in Lebanon and especially in Beirut are still seen as lucrative investments even in dark days.

UAE Minister of Foreign Trade H.E. Sheikha Lubna Bint Khalid Al Qasimi headed a meeting on investment opportunities available in Russia and the UAE participated in by her accompanying trade and economic delegation and Russian economic interests during her recent visit to Moscow, Russia. Also present during the dialogue was H.E. Omar Saif Ghabash, the UAE Ambassador in Moscow. Investment incentives in both countries and the need to remove investment obstacles were also explored. H.E. Sheikha Lubna noted that the leaderships of the two countries are willing to enhance bilateral trade and economic partnership, pointing out that economic parties and businessmen also desire higher levels of cooperation and will continue to search for investment opportunities.

The real estate markets of the Middle East will outperform all other regions, according to findings from the Investor Sentiment Survey, an in depth study of real estate professionals market views conducted by Jones Lang LaSalle in association with Cityscape Dubai, the world's largest real estate conference and exhibition.

The Jumeirah Guangzhou Hotel, Jumeirah Group’s second hotel to be signed in China, was announced at a ceremony held in Guangzhou and attended by Mr Su Meng, President of the GT Land and Mr Gerald Lawless, Executive Chairman of the Jumeirah Group.

Homeowners in Dubai have seen service charges for communal areas almost double in 2008. Developers have blamed this on the inflationary pressures being felt in the markets as the cost of raw materials and necessary utilities increase.

Homeowners in Dubai have seen service charges for communal areas almost double in 2008. Developers have blamed this on the inflationary pressures being felt in the markets as the cost of raw materials and necessary utilities increase.

Red Sea Housing Services, a leading manufacturer of remote site housing solutions, announced today its formation of a subsidiary company in Libya in response to increased demand for Red Sea’s products and services across the country and throughout the North Africa region.

The Wave, Muscat, today announced new appointments in its management team and further consolidated its footprint in the region as the leading property developer in the sultanate.

Durrat Al Bahrain, the Kingdom’s largest planned luxury mixed-use residential, commercial and resort development, today announced it has signed an agreement with Jawad Group, Bahrain’s leading supermarket and convenience store operator, to supply convenience stores across the island city resort.