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Builders find bread and butter work pays the bills

Posted on Apr 18, 2011 in Business & jobs, Featured, The National | 0 comments

On a 180 hectare site near Abu Dhabi Golf Club, workers scurry over scaffolding and lorries bring in supplies for long rows of partly built villas. In many places around the country, half-finished housing projects sit dormant as developers look for buyers and financing.

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Qatar stocks track upward as result optimism continues

Posted on Apr 11, 2011 in Business & jobs, The National | 0 comments

Qatar’s index was one of the best performing and rose to its highest point in two months as traders were optimistic on positive first quarter results coming out of the Gulf state. Property stocks led the momentum on UAE markets as shares in Aldar Properties and Sorouh Real Estate rose 0.7 per cent to Dh1.51 and 1.5 per cent to Dh1.37 respectively.

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HQ commercial office tower to welcome first tenants this week

Posted on Apr 4, 2011 in Business & jobs, Featured, The National | 0 comments

HQ, the eye-catching 23-storey circular office building at Al Raha Beach built by Aldar Properties, will welcome its first tenants this week. Aldar staff and four other firms will transfer into the “Grade A”-quality office building that features concierges, male and female gymnasiums, valet parking and high-speed lifts.

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Circular HQ rounds up new tenants

Posted on Mar 21, 2011 in Business & jobs, Featured, The National | 0 comments

The 23-storey circular office building known as The Coin already draws stares from anyone driving past Al Raha Beach on the road between Abu Dhabi and Dubai. Now HQ, the building’s formal name, is attracting tenants, too. With the new tenant, HQ is about 60 per cent leased, property agents say.

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IHG plans Middle East expansion

Posted on Mar 10, 2011 in Accommodation, Featured, The National | 0 comments

InterContinental Hotels Group (IHG), the biggest hotel chain in the world, is aiming to increase the number of its hotels in the region by 50 per cent within the next four years, although some of its projects have suffered delays. In Abu Dhabi, an InterContinental hotel is planned for Al Raha Beach, but it is not expected to open until 2015.

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Moevenpick finds going slow getting hotels built

Posted on Feb 14, 2011 in Accommodation, Featured, The National | 0 comments

Moevenpick signed agreements to manage four five-star properties in Abu Dhabi, but all the projects are behind schedule. One hotel, which was planned to be located next to Ferrari World onYas Island, should have opened last year but construction has yet to begin. “It should be open now,” said Mr Mattmueller. “We will see what’s going to happen.” The other hotels are planned for Reem Island, Al Raha Beach and Al Ain, and are some of the 13 agreements signed in the region for properties worth about US$1.5 billion (Dh5.5bn) in total.

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