Saudi Arabia to build 25,500 more apartments in bid to ease shortage

New residential units to be constructed in cities including Riyadh, Madinah, Jeddah and Dammam . Saudi Arabia has approved the construction of...

Emaar shares climb in Dubai on cash dividend, Alabbar re-election

Dubai-listed firm’s AGM approves cash dividend in excess of $292m for distribution to shareholders. Shares in Emaar Properties on Thursday climbed by almost...

Dubai property prices drop, rents flat in Q1, says JLL

Residential rents remain ‘relatively flat’ while sale prices see ‘marginal decline’, consultancy says. Dubai saw subdued real-estate activity in the first quarter of 2015,...

Abu Dhabi’s Aldar breaks ground on Ansam project on Yas Island

Development is first on emirate’s ‘F1 island’ to be sold to both Emiratis and expats. The Abu Dhabi developer Aldar says it has started...

‘Rent-free periods’ likely as Dubai supply increases, says CBRE

New supply to be delivered this year could also push rents down, property consultancy finds. Tenants in Dubai can expect some relief...

Nakheel unveils three-year plan for Dubai projects worth $3.8bn

Dubai ruler Sheikh Mohammed briefed on developments, which include extensions to Dragon Mart and Ibn Battuta Mall. The Dubai developer Nakheel has unveiled...

Abu Dhabi gets 906 new apartments as Hydra towers complete

First phase of Hydra Avenue development on Reem Island is completed, developer says. Three towers comprising 906 apartments on Abu Dhabi’s Reem...

Dubai Investments Park plans eight new hotels, serviced apartments

Community owner sees ‘surging demand’ due to proximity to Al Maktoum Airport and Expo 2020 site. Dubai Investments Park (DIP) plans eight new...

Damac shares rally in Dubai on London tower plans

Dubai property developer says it is considering an equity stake in a 50-storey project, in what would mark its entry into the...

Damac opens two hotels near Burj Khalifa in Dubai

Property firm says it has opened five hotel-apartment developments in last 14 months. The Dubai-listed developer Damac says it has opened two hotel-apartment...

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