Saudi to resume building mega $3.5bn Abraj Kudai hotel in Makkah
Saudi Arabia is set to restart work on one of the world’s largest hotel projects, the $3.5bn Abraj Kudai in…
Property & Real Estate
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Dubai's Union Properties reports $624 mln loss
Shares in Dubai-based real estate developer Union Properties plunged on Tuesday after it said provisions taken to cover accounting errors…
Emaar Properties H1 net profit jumps 15pc to $772m
Dubai-based Emaar Properties recorded a growth in net profit of 15 per cent to Dh2.837 billion ($772 million) during the…
Warba Bank acquires ‘Ultris’ beach apartments in Virginia
Warba bank continues to reinforce its strategy which primarily aims to position the Bank as the Islamic corporate and investment…
Dubai office rents: Landlords offer great incentives in slow market
Following the subdued results at the start of the year, Dubai’s office sector continued to display little momentum in the…
TFI completes acquisition of German firm
The First Investor, a subsidiary of Barwa Bank Group and the leading Qatari closed shareholding investment banking firm, announced the…
Billionaire Saudi prince to invest US$800 million in Egypt hotels
Saudi Arabia’s Prince Alwaleed bin Talal, chairman and founder of Saudi-listed Kingdom Holding Company, plans to invest about US $800…
Gulf Real Estate Firms Confident Of growth And Increasing Demand
The region’s first Gulf Real Estate Monitor reveals high levels of confidence in the sector, with over half of firms…
Realty developer, four officials face Dhs84m fine
Four officials of a real estate developer pocketed Dhs84m and kept stalling to deliver five villas to investors. Investors…
Residential property market in Dubai unlikely to see much growth in 2017
Considerable supply pipelines for both apartments and villas in Dubai means that the residential property market is unlikely to see…
Dubai developer Nakheel targets growth in recurring revenue
Property developer Nakheel wants recurring income to increase to more than 50 percent of all revenue by 2021 as it…
Dubai Investments unit signs $299m loan deal
Dubai Investments Real Estate Company (DIRC) has signed a Dh1.1 billion ($299.47 million) financing deal with First Abu Dhabi Bank…