Dubai's Arabtec Construction and Indian joint venture partner Raheja Developers have joined hands by signing a USD 204 million (750 million dirhams) contract for developing projects in New Delhi and Gurgaon.

Responsible living is on top agenda of Dubai Properties Group (DPG), a member of Dubai Holding and it is making a number of efforts for promoting the same with support of government agencies, or self-driven events and programs. The initiatives are in lines with the policy of Dubai Properties Group for adding values to communities it develops.

A key bank based in Saudi Arabia expressed better future of country’s growth rate in the coming year as reflected by increasing sectoral performance in Dubai. It claimed that the country may easily withstand pressure added by uncertainties and volatility in the global market.

Rent-to-buy schemes are becoming popular in the United Arab Emirates (UAE) offering the tenants an opportunity to convert rent they have paid into equity towards purchase of their unit. The facility is likely to give a big push to the UAE property sector according to market experts.

Dubai based developer brought cheer for a large number of investors by completing a Dh60 billion (US$16.33bn) financial restructuring yesterday. The firm promised to deliver almost 8,000 homes in the coming year, giving a new push to the real estate sector that remained under pressure in the past due to various reasons.

RAK Properties has released its financial figures for the first half of 2011 during a meeting of its board held at its head office in Ras Khaimah. The board members took stock of financial condition of the company in addition to prevailing uncertainties in the financial market.

In Dubai, there is a boom in buying and trading volumes picked up which results the property stocks to reach at new highs. Union Properties trade more than 31 million shares and scaled 14.9% to 38 fils, which is the highest point since January 10.