Saudi house sales down 5%, rentals up

Residential property market is shifting, says JLL. Saudi Arabia saw 5% fewer property sale transactions in the year to November, as the...

Project delays ‘blessing in disguise’ for UAE real estate – JLL

Delays will reduce the risk of oversupply in 2016, consultancy says. Project delays caused by slowing market conditions are likely to reduce...

Dubai’s Deyaar reports $79m in net profit for 2015

The Dubai-listed developer saw a 3.4% increase in profit last year. Deyaar Development has reported a net profit of AED291.4 million ($79m)...

Jumeirah in deal to manage tower at Marina Gate, Dubai

Property being developed by Select Group is set to open in late 2019. The hotel operator Jumeirah Group has signed with Select...

Main tender set to be issued for 1/JBR: Dubai Properties

Project expected to be completed in early 2019. Dubai Properties is preparing to tender for the main works for its super-luxury 1/JBR...

Dubai property market to slow in 2016: Deloitte

Opportunities remain in the market despite ‘headwinds’. Dubai’s residential and office market is set to slow this year, but despite some “headwinds” there...

Aldar buys Daman building in Abu Dhabi as part of $816m investment drive

Developer puts focus on revenue-producing assets. Aldar Properties has announced the purchase of Daman House, a commercial office building in Abu Dhabi,...

Dubai Parks and Resorts exceeds Riverland leasing target

Agreements for over half of the 220,000 square feet of retail space. Dubai Parks and Resorts says it has leased out about...

Dubai’s Emaar to launch Harbour Views project

Sales events will be held in Dubai, Karachi, New Delhi and Mumbai. Dubai developer Emaar Properties is set to launch the Harbour...

Damac launches five more towers at Akoya Oxygen

Units at Navitas Hotel & Residences to start at $120k. Real estate developer Damac Properties has announced an $850 million five-tower complex...

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