Dubai rental yields ‘near 10% in cheaper areas’

Affordable housing ‘continues to dominate demand’ – Chestertons. Rental yields in cheaper areas of Dubai stand at almost 10%, as affordable housing “continues...

Riyadh property prices stabilise in Q1 – JLL

Sales prices have bottomed out following introduction of mortgage rules. Property prices in Riyadh have stabilised for the first time since Saudi Arabia...

Dubai property prices to fall further – Cluttons

Residential values already down 2.2% during first quarter. Property prices in Dubai are set to decline further in 2016, after a 2.2%...

Dubai’s Emaar plans 35 new hotels, residences

Fire-hit Address Downtown hotel won’t reopen this year, says exec. The Dubai-listed Emaar plans to open 35 additional hotels and serviced residences...

Bloom Properties says 90% of Faya project in Abu Dhabi sold

Over 100 units sold in one week. Developer Bloom Properties says 90% of its Faya residential project in Abu Dhabi has sold...

Waldorf Astoria to open in Dubai’s DIFC next year

Hotel will feature 247 guest rooms. Hilton Worldwide has inked a management agreement with Dubai-based Ward Holdings to open a Waldorf Astoria...

Ellington Properties says 14 Dubai projects in pipeline

‘Boutique’ developer to add over 2,200 residential units to market. Ellington Properties, which is co-run by former Emaar executive Robert Booth, says...

Dubai’s Emaar Malls to pay $354m dividend

Change in name also approved at retail giant’s first AGM. Emaar Malls has announced that a proposal by the board to distribute...

Dubai property prices down by 10% in Q1 – JLL

Rents also 5% lower in the first three months of 2016. Dubai residential property prices fell by 10% year-on-year in the first quarter...

Danube renames Ritz Tower after trademark clash

Dubai developer said no legal proceedings took place. Dubai-based Danube Properties has renamed its Ritz Tower project after realising that the name...

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