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Dubai’s Damac plans phase-two sale of Akoya Imagine villas
Dubai-listed developer says the first phase of the project sold out in one day. Damac Properties says it plans to launch sales...
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Saudi Binladin Group on road to recovery – report
Bankers and economists praise contractor’s efforts to stave off economic disaster. Saudi Binladin Group (SBG), the biggest construction company in Saudi Arabia,...
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Foreigners invest $15.5bn in Dubai real estate in H1
Market attracts 26,000 investors from 149 countries during the first half of 2016. Foreign investors pumped some AED57 billion ($15.5bn) into Dubai’s...
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Saudi property sales ‘down more than 50%’
Sharp decline in market as investors wait for prices to drop due to new tax on undeveloped land - report. Saudi property...
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Full foreign business ownership ‘to boost Bahrain real estate’
Government’s decision to allow 100% foreign ownership to see positive impact in the long term - Cluttons. The decision by the Bahraini...
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Brexit ‘can boost Chinese investment in Dubai property’
City’s educational facilities another factor set to entice Chinese investors, says property website. Dubai has a huge opportunity to boost growing real...
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Dubai developer Deyaar announces $30.2m net profit
Developer reports a 16% increase in revenues during the first half of 2016. The Dubai-based Deyaar Development has recorded a AED 111...
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Value of Dubai property deals down 12.4% in first half
Rise in number of transactions fails to offset decline, Dubai Land Department data reveals. A 22.8% increase in the number of real...
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Aldar awards $120m contracts for two Abu Dhabi projects
National Projects and Construction to complete work on Nareel Island and Al Merief developments in 16 months. The Abu Dhabi-listed Aldar Properties...
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Major fire at Dubai Marina tower put out
No injuries reported after blaze at 75-storey Sulafa Tower – Dubai Media Office. A blaze at a 75-storey residential tower in Dubai...