Middle East investor closes deal for London hotels
Morgans Hotel Group Co, the operator and 50 percent owner of two luxury hotels in London, has completed the sale…
Property & Real Estate
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UAE-based luxury developer at London’s global property awards
UAE-based luxury developer Damac Properties will represent Arabia next month in London at the world’s most prestigious real estate competition,…
Elysian Investments open new office in DIFC
Elysian Investments have opened a new office in Dubai International Financial Centre (DIFC), Dubai. Elysian Investments have 4 offices internationally…
Jumeirah signs deal for luxury London apartments
Jumeirah Group, operator of Dubai’s iconic Burj Al Arab hotel, has signed a deal with a Kuwaiti consortium to operate…
Salwan appoints new Director for Sales
Salwan LLC, a subsidiary of Dubai Properties Group, announced the appointment of a new Director in charge of sales and…
Building boom boosts Qatari banks’ income
Qatar’s biggest banks are reaping record amounts in interest earnings this year as the government starts an unprecedented spending programme…
Dubai realty prices will fall another 10%
Dubai's housing market will lose another 10 per cent of its value before its fortunes start to improve, possibly not…
Barclays stake was 'wrong decision', says Al Habtoor
The chairman of Dubai’s Habtoor Group, which bought into British lender Barclays in 2008, has said he would never invest…
Debt crisis in US, Europe poses new challenge for Dubai's property market
Although some parts of Dubai's residential property market were showing signs of a turnaround in the first half of the…
Nakheel wrote off $21.4bn after Dubai property crash
Nakheel, Dubai’s biggest developer, told creditors it wrote down AED78.6 billion ($21.4 billion) from the value of its real estate…
Trendiest London hotels to be bought by Middle Eastern investors
Three of London's trendiest hotels, the Sanderson, St Martins Lane and the newest, the W Hotel are set to be…
Islamic Finance: worth banking on?
Welcome to another typical Dubai property gain and pain story. A working couple in the pink cold of December 2007…