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business / International Real Estate

70% of The World islands sold, says Nakheel
State-owned developer Nakheel has now sold 70% of the 300 islands that make up The World, a group of reclaimed islands in the shape of a world map located about 4km from Dubai's shoreline, The National has reported. The islands are being sold by invitation only, said Hamza Mustafa, managing director of The World at Nakheel, and the invitation quota for this year and the previous year have been sold out. Among the islands to have sold on the World are Greenland, which was bought by Dubai Infinity Holdings, and Archangel, near Siberia, which was purchased by rival developer Pearl Dubai for $27.2m.
ameinfo.com Monday, December 29, 2008

Crystal Heights show apartment opens
Crystal Heights, a $47.7m freehold residential development in Juffair, Bahrain, has opened an offsite show apartment. Crystal Heights will have 150 luxury apartments, 215 car parking bays and a host of amenities and facilities. The show apartment is open from 10am to 7pm. The property is being sold exclusively by Pegasus real estate and is expected to be completed by the second quarter of 2010.
ameinfo.com Monday, December 29, 2008

First 'green' building launched in Ajman
The Habitat - the first 'green' building in the UAE emirate of Ajman has been unveiled by Modern Life Properties, according to a press release. Features of the 45-storey building include use of recycled and environmental-friendly building materials, efficient use of water and water recycling, a building management system to control the flow of carbon dioxide and maintain optimum indoor air quality and an air-conditioning system with 24 variables.
ameinfo.com Monday, December 29, 2008


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