Dubai’s Damac launches Aykon tower in London; units start at $1m

The 50-storey development, set to feature interiors by Versace Home, is Damac’s first outside the Middle East. Damac Properties on Monday launched...

UK property firm Chestertons launches in Saudi Arabia

Chestertons Saudi Arabia will offer valuation and consultancy services in the Kingdom. UK property firm Chestertons has launched in Saudi Arabia through...

Dubai property prices, rents ‘down by 2% in second quarter’

Prime areas recorded the highest decline in apartment rents, with Sheikh Zayed Road seeing a 7% drop, says Asteco. Rents in Dubai...

Abu Dhabi luxury apartment rents rise 6% in Q2, report finds

More than 3,600 units to start arriving in the market from 2018, according to property firm Asteco. Apartment rents for prime buildings...

Dubai property prices ‘to stabilise in 2016’

Prices set to start rising after declines this year, real-estate firm Core Savills forecasts. Dubai property prices, which have been declining since...

Mövenpick set to open fourth hotel in Jeddah by 2019

Hospitality firm reveals plans to open 300-room Mövenpick Hotel Heraa Jeddah, its fourth property in the Saudi city . Mövenpick Hotels &...

No ‘drastic’ plunge seen in Dubai property prices, says poll

London Business School survey finds it unlikely that Dubai real-estate prices will see a major drop akin to that during the financial...

First Marriott hotel opens doors in Makkah

Hospitality chain has 19 more projects in the pipeline for Saudi Arabia. The US hospitality company Marriott International has opened the Makkah Marriott...

Mid-market Dubai hotels outperform luxury segment

Cheaper hotels proved more resilient in the first quarter, recording a slight increase in average revenue per room, says Knight Frank report....

Luxury Dubai property rents fall for first time since 2011

Prime property rents inched down by 0.6% in the first quarter of the year, according to Knight Frank. Rents for luxury Dubai...

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