Dubai’s Deyaar Development reports 22.5% rise in Q3 profit

Developer made $15.4 million during the period as revenues surged, although profit for first nine months of the year is down. The...

Dubai’s Nakheel reports 22% profit hike for Q3

Developer of the Palm Jumeriah says it made a net profit of $260m during the third quarter. The Dubai developer Nakheel has...

Office rents flat or falling in most Dubai submarkets – report

Dubai Design District was the only area to show an increase in rents in the third quarter, with an average 15% rise....

Azizi Developments unveils $117m project in Al Furjan, Dubai

Residential units in the mixed-use Azizi Plaza project to offer ‘affordable luxury’, developer says. Azizi Developments, the UAE-based real estate developer, has...

JLL: Jeddah real estate sector sees slowdown

‘Challenging’ economic backdrop hits the Saudi Arabian city’s residential, retail and office real estate markets. Challenging economic conditions, low oil prices and...

Damac unveils $326k ‘Akoya Selfie’ villas in Dubai

Three-bedroom villas aimed at millennials to be built at Akoya Oxygen master development. Developer Damac has young millennials firmly in its sights...