European real estate investment from the Middle East reached nearly €10 billion ($13.7 billion) in 2013, finds CBRE report.
The community will feature 177 villas in four styles.
The deal, awarded to Ginco General Contracting, covers the construction of 936 townhouses at Warsan Village.
The Dubai developer has appointed Barclays, Citigroup, and Deutsche Bank as joint global co-ordinators.
Chairman Ali Rashid Lootah confirms that the developer will seek a public listing once it has paid up all its debts.
The developer is launching 15 resort beach plots and 79 waterfront hotel plots across two of the development’s four islands.
Trading in shares of Amlak was suspended in November 2008 as credit markets dried up.
The new agreements will help avoid problems that arise from misinterpretation of the documents, a statement said.
The contracts cover projects in its Al Furjan and International City communities in Dubai.
The deal will reinforce confidence in Dubai’s property market, curbing apprehensions on market volatility, says expert.
The projects will be in transport, energy and other sectors, the central bank governor said.
The contractor, in which Abu Dhabi state fund Aabar is a key stakeholder, said it made a net profit of Dhs122 million in Q4.
Dubai’s largest listed property developer has said it would list 25 per cent of its shopping malls and retail unit.
London remained the favourite Western destination for regional real estate investors.
The development features two towers and includes 300 residential units.
Under the contract, Al Futtaim Carillion will carry out the first phase delivery of the Dubai Trade Centre District project.
The project registered Dhs500 million in sales during the opening hours of the launch.
The project includes over 100 luxury villas, conceptualised by Donald Trump and his daughter Ivanka Trump.
The proceeds “will be primarily distributed as dividend” to Emaar shareholders, the firm said.
Flamingo Villas, the flagship development of RAK Properties, was launched during Cityscape last year.
Eligible citizens who submit requests through the new programme, ESKAN, are expected to be allocated homes within seven months.
Barwa made 1.4 billion riyals ($384.5 million) in 2013, up from 1.1 billion riyals in the prior year, according to a bourse filing.
The district will help Dubai earn around Dhs300 billion in tourism revenues per year by 2020, the developer says.
The projects have a total developmental value of Dhs5.7 billion and are being fully funded by the Abu Dhabi government.
The financial park and real estate project had been suspended for five years.
Falcon Island will cater to the luxury market outside Dubai and Abu Dhabi.
The Dubai developer will launch for sale the second phase of luxury residences at Mulberry at Park Heights.
The development will add around 300 units to Palm Jumeirah’s property inventory.
The project will comprise one residential tower and one tower of serviced apartments.
Rising house prices could affect Dubai’s regional competitiveness, an expert has said.