Manazel Real Estate reports revenues of $204m in 2016

Net profit increased 5.6% in 2016 over corresponding 2015 figures. The Abu Dhabi-headquartered Manazel Real Estate recently announced its 2016 results in...

Phase two sales begin at Kempinski Residences in Dubai

First phase of luxury Downtown Dubai project sold out, say developers Gemstone Real Estate and Tamleek. Gemstone Real Estate Development and Tamleek...

Abu Dhabi apartment rents ‘fell by 7% in 2016’

Further drops expected this year, says latest Asteco report. Abu Dhabi apartment rents dropped by 7% and villa prices were down by...

KOA: Canvas project to change how Dubai views real estate

Mohammed bin Zaal says there is an opportunity to ‘go into a third cycle of development in Dubai’. Following the launch of...

Dubai’s Damac sees Q4 profit edge up 1.3%

Real estate market ‘stabilised’ in 2016, developer’s chairman Hussain Sajwani said. The Dubai developer Damac saw profit rise by 1.3% in the...

Dubai developer renames Trump golf community ‘Damac Hills’

Change of name for 42 million sq ft Akoya by Damac project, which features Trump International Golf Club. The Dubai developer Damac...

Dubai property sales ‘increase by 30%’

Busier residential market in fourth quarter, with Dubai Marina recording the most transactions - Chestertons. There was a 30% increase in Dubai...

Kerzner launches sale of Royal Atlantis units in Dubai

The development will offer 231 residences and 795 lavish guest rooms and suites. Kerzner International, in collaboration with Knight Frank, has launched...

Dubai real estate market sees $3.2bn of deals in fortnight

Dubai Land Department director general says investor confidence growing in 2017. Dubai’s real estate market generated transactions worth $3.2bn during the first...

Oman real estate deals hit $454m in December

Highest number of sales contracts recorded in Muscat. The value of real estate traded contracts in Oman during December 2016 stood at...

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