Emaar Residences launches at Jeddah Gate Community, Saudi Arabia

Three towers comprise of 283 residential units ranging from 70 to 300 square metres . The Saudi subsidiary of Dubai's Emaar Properties...

Dubai Holding ‘to look at US acquisitions’ for first time since downturn

Holding company says ‘new technologies’ in the US are a potential area of interest. Dubai Holding is considering making acquisitions in the...

Saudi council gives green light to undeveloped land tax – report

Legislation designed to ease housing crisis is set to be passed to king for approval. Saudi Arabia’s legislative council has endorsed a...

Egypt property firm SODIC says nine-month profit hits $27.9m

Developer says it is on track to achieve targets in final quarter of 2015. The Egyptian property developer SODIC says it more than...

Rotana signs deals to manage five hotels in Oman

Abu Dhabi company inks deal with Taameer Investment and Golden Group of Companies to operate 1,500 rooms by 2020. Hospitality chain Rotana...

Shares in Dubai’s Damac plummet after dip in Q3 revenues

Property developer’s share price falls by 6.62% despite 45% rise in quarterly profits. Shares in Damac Properties on Tuesday tumbled by more than...

Abu Dhabi’s Aldar to launch sale of Mayan units on Yas Island

Prices start at $217,800 for a studio apartment; residences will be available to buyers of all nationalities. Aldar is to launch sales...

Bahrain residential rent growth rate dips to 6.7% in Q3 – Cluttons

Rental growth is forecast to decline over the next six to 12 months. The annual growth rate of Bahrain residential rents fell...

Starwood Hotels to open Four Points by Sheraton in Mecca

The new 1,139-room property will be largest under the Four Points brand. Starwood Hotels & Resorts has inked an agreement with a...

Dubai’s Emaar reports 31% rise in Q3 profit

Developer says international operations accounted for 18% of total revenue in first nine months of 2015. Dubai’s Emaar Properties has reported third-quarter...

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