Damac launches phase 2 of ‘Sharia compliant’ project

Developer targets halal tourism sector with Ghalia serviced hotel apartment project. The Dubai-based real estate heavyweight, Damac Properties, has announced a limited...

Starwood and Saudi Real Estate in Riyadh hotels deal

One hotel will come under Starwood’s Westin brand while the other will fall under its Element brand. US-based Starwood Hotels and Saudi...

Property prices rise in ‘affordable’ Dubai areas

The market is showing signs of bottoming out after a 17% decline in transaction levels, says Asteco. Property prices and sales transactions...

Dubai property prices ‘down 7.5% on last year’

April saw a month-on-month drop in property sale prices in both Dubai and Abu Dhabi, according to Reidin. The UAE’s two key...

Dubai Properties set to launch Bellevue Towers unit sales

Sale of two-tower project, close to Dubai Properties’ Marasi Business Bay development, to open to investors on June 4. Dubai Properties (DP)...

Four Points by Sheraton set to open in Ras Al Khaimah

The hotel, being launched in collaboration with Hamarain Real Estate, is due to open in 2019 and will be Starwood’s first property...

Handover starts at Frankfurt Sports Tower I in Dubai

Shaikhani Group welcomes first residents of 224-unit, $92 million project in Dubai Sports City. Handover of finished units has commenced at the...

Abu Dhabi new property supply ‘at 7-year low’

Slowdown in new supply to ‘counter some of the downward pressure on rents’ – Abu Dhabi Islamic Bank report. Delivery of new...

Number of Jeddah hotel rooms to double by 2018 – JLL

Forecast increase is due to the addition of a number of major hospitality projects that are in the pipeline. The number of...

India’s Lemon Tree Hotels plans eight GCC properties

Group appoints local partner to manage roll-out of mid-scale and economy hotels over next three years. India’s Lemon Tree Hotels plans to...

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