Muscat property prices hit by economic slowdown

Chairman of the Oman Real Estate Association says economic situation had a negative impact. The chairman of the Oman Real Estate Association...

Saudi land tax ‘to cut prices by up to 40%’

Tax on vacant plots in urban areas will spur development and help lower land and property prices – report. The new tax...

Dubai, Abu Dhabi rents see ‘marginal growth’ in May

Apartment rent prices see small increases compared to the previous month, says Bayut.com report . Apartment rent prices in Abu Dhabi and...

Property sales down in prime Dubai areas

‘Tough market conditions’ see transaction volumes drop by as much as 44% in pricier parts of the city – report. The number...

Qatar buys Singapore office tower for $2.45bn

The 1.25 million sq ft Asia Square Tower 1 has the largest floor plate in the Marina Bay area. Singapore’s Asia Square...

Dubai rent declines ‘accelerating’ – report

Monthly rent decline hits 1.3% in May and further drops are expected, says Phidar Advisory. Dubai residential rents are set to fall...

Affordable Dubai units ‘sell in days’ – Danube

Developer says it is planning new project soon after its ‘Glamz’ units sold out before official public launch. Danube says its ‘Glamz’...

Dubai’s Tecom district renamed ‘Barsha Heights’

Area across Sheikh Zayed Road near Gems Wellington International School also branded ‘Sufouh Gardens’. The Dubai neighbourhood of Tecom has been rebranded...

Dubai’s Damac plans sale of first Aykon City residential units

Two-bedroom units starting at AED1.69 million are set to go on sale on June 11. Damac Properties has announced the upcoming sales...

Dubai property prices hit ‘plateau’ – ValuStrat

Real estate consultancy’s index finds evidence of price stabilisation. Rents and sale prices in Dubai’s residential property sector are showing strong signs...

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