Saudi officials propose undeveloped land fees

Draft proposal suggests a charge of no more than 100 riyals ($27) per square metre of urban land left undeveloped. Fees on...

Abu Dhabi’s TDIC starts handover of Saadiyat Beach Villas phase 3

All 77 villas in the third phase are expected to be handed over by the end of November. Abu Dhabi’s Tourism Development...

Asteco to sell units at Stella Maris Tower in Dubai Marina

Real estate consultancy named exclusive sales agent for Bloom Properties project. Asteco says it has been appointed to sell apartments at the...

Bahrain residential rentals resilient in Q3: CBRE

Reef Island saw an average occupancy of 95% across rental properties. Residential demand for leased accommodation in Bahrain has remained buoyant with...

Cairo property market active despite price declines: JLL

Depreciation of Egypt’s currency results in both price drops and more transactions, consultancy says. The real estate market in Cairo was “steady” in...

India’s Oberoi Group to manage two hotels in Qatar

Hospitality chain will manage 250-key hotel and 148-room serviced apartment building in Doha . India’s Oberoi Group has inked contracts to manage...

Kuwait’s Al Mazaya buys commercial tower in Saudi Arabia for $34.6m

Acquisition of tower in Riyadh set to increase Al Mazaya’s fourth-quarter assets. The Kuwait-based real estate development company Al Mazaya Holding says...

Abu Dhabi’s Aldar launches phase two of sales at West Yas

Villas at the development are expected to be handed over at the end of 2017. Abu Dhabi’s Aldar Properties has launched the...

Knight Frank: Dubai’s prime office rents up 2.1% in Q3

Report accredits the upward pressure on prices to a healthy level of demand and a low supply of prime office space. Dubai’s...

Dubai developer Buroj to build $4.8bn tourist resort in Bosnia

The project is set to be the biggest foreign investment of its kind in the Balkan country. The Dubai-based Buroj Property Development...

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