New alliance comes into being in Dubai’s realty space
Real Estate sector is growing rapidly due to the resumption of stalled projects and the start of new projects in Dubai
Oct 20, 2014
Source :
Real Estate Projects


Dubai: A new real estate development company has been formed through an alliance between Sharaf Investment Group and Al Ali Real Estate. The new entity will be known as Dubai General Properties and will have Yousuf H. Sharaf assume the role of managing director.

“The sector is growing rapidly due to the resumption of stalled projects and the start of new projects in Dubai” said Sharaf.

The entity will now take up a mixed-use project in Dubai Maritime City, with construction expected to be completed in three years. It is spread over 1.4 million square feet. “Dubai is on the verge of an important stage that will contribute to the real estate investment map in the emirate,” said Sharaf.

Apart from Dubai, the promoters consider India and Egypt to be investment destinations for its projects. “The new company is looking at a number of markets by setting strategies with international companies which concentrate on the Indian market,” said Sharaf. “The new company is aware of the Indian property market’s potential. The Indian market is massively strong and can absorb more investment.”


Latest Realty News

Builders, lenders can benefit from proposed changes in road contracts
Oct 20, 2014
NEW DELHI: The government is set to overhaul highway contract documents to provide extra comfort to lenders and project developers to get road projects going and boost investment
Carnival Group in talks to buy L&T Realty's Elante Mall
Oct 20, 2014
Mumbai: Carnival, a media & entertainment group based in this city, is in advanced discussion with Larsen & Toubro (L&T)Realty to acquire the latter's Chandigarh mall
Australian property loans expected to hold up
Oct 20, 2014
Australian banks’ confidence in the investor property market is a sign that property loans are expected to hold up for a while more
Builder accused of fraud commits suicide
Oct 20, 2014
LUCKNOW:Owner of a real estate firm that had floated several plotting schemes was found dead in Indiranagar area in suspicious condition
Tax sops key to success of Real Estate and Infrastructure Investment Trusts, says Sebi official
Oct 20, 2014
Mumbai: Tax incentives are key to the success of Real Estate Investment Trusts (Reits) and Infrastruc?ture Investment Trusts (InvITs), a senior Sebi official has said
Mysore to witness growth on property front
Oct 20, 2014
MYSORE: Despite state government's lackadaisical approach towards property developments, Mysore, the tier-II city is showing upward trend and increased demand for luxurious houses and apartments from the people
Can 35,000 houses be built in a day?
Oct 19, 2014
New Delhi: The government's vision of Housing for All by 2022, requires about 11 crore houses (about 35,000 houses each day) to be developed with an investment of more than US$2 trillion
Diwali gift from NHB for home loan borrowers
Oct 19, 2014
NEW DELHI: Call this a diwali gift from National Housing Bank, the housing finance regulator, to all future home loan borrowers
Fillip to property prices on route
Oct 19, 2014
Bangalore: Three years of Namma Metro has also brought about development in the real estate along the route
Housing price: Go for a hard bargain as developers look to dispose unsold inventory
Oct 18, 2014
New Delhi: Defying expectations, the festive season this year has failed to evoke the desired demand in the residential housing space

Latest Realty News Of State

Realty Talk's