Azizi Developments records sale of 315 retail units worth AED 458.68m
Azizi Developments has noted a substantial surge in demand for its retail units across projects in the fourth quarter of…
Property & Real Estate
2485 articles found
King Abdullah Economic City signs a financing agreement with SABB
King Abdullah Economic City has announced the signing of a cooperation agreement with the Saudi British Bank (SABB), which aims…
Signs of cracks for Dubai’s property sector in 2020, before a 2021 reprieve
The tell-tell signs of stress are present in Dubai’s building and construction sector affecting property sales and inflating material prices,…
UAE billionaire Hussain Sajwani, family still own over 85% of firm, DAMAC clarifies
Dubai’s real estate developer DAMAC Properties clarified on Wednesday that only a small portion of the company’s shares are owned…
Dubai's Arabtec starts process for insolvent liquidation
Dubai builder Arabtec has started the liquidation process that will see the construction firm cease operations after several decades in…
Saudi Arabia to supply more housing units to support needy families in 2021, says finance ministry
The Kingdom’s housing targets for 2021 include continuing to pump more units from off-plan sales to the beneficiaries of Sakani…
Saudi banks remain resilient amid pandemic, backed by new regulations
KPMG Q3, 2020 Saudi banking sector analysis report records the sector experiencing a range of regulatory changes, including the value-added…
Is open banking the answer to boosting the UAE property market?
Open banking is a term we have been hearing a lot over the past three years, since the concept emerged…
Dubai's Emaar appoints new chairman as founder takes managing director role
Dubai's largest listed developer Emaar Properties has named Mohamed Alabbar, founder of the company and previously chairman of the board…
Abu Dhabi jails six, slaps fines of Dhs160m on money laundering charges
Six expats have been imprisoned in Abu Dhabi and slapped with hefty fines on charges of money laundering. The…
Four Egyptian banks to contribute to new real estate joint venture
Egyptian Gulf Bank (EG Bank) and Suez Canal Bank plan to each purchase a 10% stake in a new company…
Barwa appoints Saleh al-Sharafi as acting CEO of Waseef Company
Barwa Real Estate Group has announced the appointment of Engineer Saleh Abdullah al-Sharafi as acting CEO of Waseef Asset Management…