Arab Today, arab today icd to help dubai “incomplete” projects
Last Updated : GMT 23:41:43
Arab Today, arab today
Arab Today, arab today

ICD to help Dubai “incomplete” projects

Arab Today, arab today

Arab Today, arab today ICD to help Dubai “incomplete” projects

Abu Dhabi - Arabstoday

ICD-Brookfield, a $1-billion Dubai-based real estate fund, has joined the Dubai Land Department’s (DLD) Tanmia initiative that aims to finish “incomplete” projects. The total number of companies now participating in the programme has reached 12. Wasl Asset Management Group, a subsidiary of Dubai Real Estate Corporation, was the first to join the initiative in September last year. ICD-Brookfield, a joint venture between Investment Corporation of Dubai and Canada’s Brookfield Asset Management, was formed in October 2011. The fund’s investment strategy includes targeting opportunities currently available in Dubai’s real estate sector with focus on a wide class of assets in both freehold and non-freehold areas. Majida Ali Rashid, Manager-Real Estate Investment Management & Promotion Center, DLD, said: “The agreement to join Tanmia will lead to further quality developments in the real estate market, especially with the ICD-Brookfield’s aim to buy existing real estate projects to distribute to beneficiaries of its programmes.” She stated that the real estate market has become a perfect model in terms of turning challenges into opportunities. The Tanmia initiative, launched in September 2011, aims at revitalising the real estate market by focusing on the incomplete projects under all categories. The department has appointed a number of audit firms to undertake technical and financial audits on number of stalled projects. “Increasing investors’ confidence in the market is our top priority, and we are sure that our initiatives will play a major role in raising investors’ confidence,” Majida asserted. Khaled Al Bakhit, Chairman of ICD-Brookfield, said: “We believe that this initiative will promote efficient collaboration between the department and interested investors in Dubai real estate, such as ourselves as participants in the programme, and will ultimately enhance real estate investment decision making.” In October 2011, Sultan bin Butti bin Mijren, DLD Director-General, told this website that the Tanmia will cover 100 projects in 2012 and the initiative will be continued for the next three to four years. We reported earlier that Santevill, a Dh400 million 25-storey tower in Business Bay, was to be the first recipient of funding under Tanmia. In July 2010, the land department had launched Tayseer initiative, which aimed at facilitating financing for purchasers in certain pre-qualified projects. To date, only two projects have been financed under this scheme. Earlier this month, we reported that the department would be launching Tanweer programme designed to enhance investors’ confidence and act as a reference guide aimed at setting the frameworks and general principles of the rights and duties of investors.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today icd to help dubai “incomplete” projects Arab Today, arab today icd to help dubai “incomplete” projects

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday