Property
-
UK property inquiries from GCC ‘up 25% after Brexit’
DTZ reveals 24% fall in cost of buying real estate for overseas buyers thanks to currency moves and price drop – report....
-
Dubai-listed Damac Properties reports 37% fall in Q2 profits
Second-quarter revenues also dropped by 24% to $462.8m. The Dubai-listed developer Damac Properties has reported a 37% slide in second-quarter profits compared...
-
Dutch developer plans floating residences in Dubai
New Living on Water says it will generate $100m in sales per year with floating residences. A Dutch developer has said that...
-
Dubai rent drops spread to non-freehold areas
Drops in rental rates now seen in high-density locations following declines in prime freehold markets, says CBRE. Rental declines are starting to...
-
Dubai’s Damac plans sale of Akoya land plots, Tower 108 units
Developer plans sales event for $163k Akoya Imagine plots and serviced hotel apartments located in Jumeirah Village Circle. Damac Properties plans a...
-
Sharjah reports $3.3bn in real estate transactions in H1
May sees biggest rise in year-on-year trading volumes, while there is a minor fall in transactions in first six months of 2016....
-
Qatar’s real estate price index sees drop in Q2
Official data reveals 3.8% decline over March levels and a drop of 5% over November’s all-time high. Real estate prices in Qatar...
-
Abu Dhabi’s Aldar reports 9% profit rise
Developer made $178m net profit in second quarter despite signs the UAE capital’s property market is slowing. The Abu Dhabi developer Aldar...
-
Saudis able to pay rent ‘to get priority over properties’
Separate committee to look into those unable to afford leasing homes - report. Saudi Arabia’s ministry of housing will prioritise allotment of...
-
Dubai’s Emaar posts 8% higher Q2 profit
Developer sees net profit touch $346 million in second quarter of 2016. The Dubai-listed Emaar Properties reported 8% higher net profits for...