{"id":39749,"date":"2017-01-06T02:02:30","date_gmt":"2017-01-05T19:02:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=39749"},"modified":"2017-01-05T23:22:47","modified_gmt":"2017-01-05T16:22:47","slug":"deyaar-to-complete-land-swap-deal-for-lagoons-site","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/deyaar-to-complete-land-swap-deal-for-lagoons-site\/","title":{"rendered":"Deyaar to complete land swap deal for Lagoons site"},"content":{"rendered":"


\nThe Dubai developer Deyaar has agreed to swap land from the site of its former Dh1 billion Flamingo Creek project in The Lagoons master development for other new plots at an undisclosed location.The company’s board of directors passed a resolution last week approving the terms of a settlement with the company responsible for the master development, The Lagoons LLC.A spokesperson for Deyaar yesterday said that its board “has approved a decision to execute a settlement to replace the plots that Deyaar owned in The Lagoons for other plots in Dubai which it intends to develop”.The company declined to say where the new plots are based, saying that a final decision “remains under the consideration of various parties”.”The move is a commercial decision taken in the best interest of Deyaar to acquire plots with strong development potential,” the spokesperson said.Deyaar initially bought land in The Lagoons before the 2008 financial crisis when it paid Dh372 million for a site that had previously been owned by the National Bonds Corporation. It had planned to build a Dh1bn development containing 244 apartments and townhomes. However, it became frustrated at the lack of infrastructure development at the site and in August 2010 it said that it was planning to abandon the project.The Lagoons had been launched by Sama Dubai (a former development arm of Dubai Holding) in 2006 and was initially planned as seven artificial islands in Dubai Creek. The project never got off the ground and in 2013 it was relaunched as a joint venture between Dubai Holding and Emaar Properties. Part of the site now forms Emaar’s Dubai Creek Harbour project – a new masterplanned community that will be two-and-a-half times bigger than Downtown Dubai with a signature architectural tower designed by Santiago Calatrava that will be at least 100 metres taller than Burj Khalifa. A groundbreaking ceremony for the tower took place in October.Since announcing that it had reached a proposed settlement deal with The Lagoons on December 29, Deyaar’s shares have climbed by 6 per cent to close at 65.8 fils on Thursday.mfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Deyaar to complete land swap deal for Lagoons site<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Dubai developer Deyaar has agreed to swap land from the site of its former...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-39749","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-al7","jetpack-related-posts":[{"id":41454,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/deyaar-set-to-develop-mixed-used-project-in-dubai-south\/","url_meta":{"origin":39749,"position":0},"title":"Deyaar set to develop mixed-used project in Dubai South","date":"January 22, 2017","format":false,"excerpt":"\r Developer Deyaar has signed an agreement on a new, 1.27 million square feet project within the district's residential zone.A memorandum of understanding has been signed between the organisations to set up a 50:50 joint venture with a view to bringing forward the new mixed-use project, which will contain residential,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41488,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/deyaar-to-build-new-multi-purpose-development-in-dubai-south\/","url_meta":{"origin":39749,"position":1},"title":"Deyaar to build new multi-purpose development in Dubai South","date":"January 22, 2017","format":false,"excerpt":"\r New project to include residential units, shops, retail outlets and hospitality facilities\r \r Source : arabianbusiness.com\r Read more...Deyaar to build new multi-purpose development in Dubai South","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41468,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/deyaar-set-to-develop-mixed-use-project-in-dubai-south\/","url_meta":{"origin":39749,"position":2},"title":"Deyaar set to develop mixed-use project in Dubai South","date":"January 22, 2017","format":false,"excerpt":"\r Developer Deyaar has signed an agreement with Dubai South on a new 1.27 million square feet project within the district's residential zone.A memorandum of understanding has been signed between the organisations to set up a 50:50 joint venture with a view to bringing forward the new mixed-use project, which\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20308,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-developer-deyaar-posts-lower-second-quarter-profit\/","url_meta":{"origin":39749,"position":3},"title":"Dubai developer Deyaar posts lower second-quarter profit","date":"July 20, 2016","format":false,"excerpt":"\r Dubai's Deyaar Development reported a 30.1 per cent fall in second-quarter net profit on Wednesday, according to Reuters calculations.The company made a profit of Dh60 million in the three months to June 30, Reuters calculated from financial statements in the absence of a quarterly breakdown.This compares with a profit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24549,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-developer-deyaar-starts-work-on-408-unit-hotel-and-apartment-block\/","url_meta":{"origin":39749,"position":4},"title":"Dubai developer Deyaar starts work on 408-unit hotel and apartment block","date":"August 31, 2016","format":false,"excerpt":"\r Deyaar Development has started construction work on its 408-unit hotel and serviced apartment block close to the Mall of the Emirates.Dubai developer Deyaar said that the 70,800-square-foot block is expected to be completed by December 2017.The hotel will comprise 299 hotel rooms and 109 serviced apartments.Deyaar is already developing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57634,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/former-deyaar-chief-shahins-15-year-jail-term-over-dh56m-land-deal-upheld\/","url_meta":{"origin":39749,"position":5},"title":"Former Deyaar chief Shahin's 15-year jail term over Dh56m land deal upheld","date":"June 12, 2017","format":false,"excerpt":"\r DUBAI \/\/ Former Deyaar chief executive Zack Shahin and three others will have to see out their 15-year jail terms for theft and fraud involving more than Dh56 million over a land deal in 2007 after Dubai Court of Cessation upheld their sentences. A Dh56m fine was also upheld\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/39749"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=39749"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/39749\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=39749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=39749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=39749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}