Union Properties in talks with other banks for debt reschedule
Union Properties confirmed that talks are on with multiple banks to set up new debt repayment terms like the Dh946…
Property & Real Estate
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Egyptian Real Estate Consortium posts profits in H1
Egyptian Real Estate Consortium (EREC) reported a 63% Year on Year decline in its consolidated net profit in the first…
Union Properties inks debt deal with Emirates NBD
Dubai's developer Union Properties, which is set for a major three-year turnaround plan, announced on Monday that it reached an…
Saudi billionaire buys famous Onassis family London home for £18.6m
The former London home of the Onassis family, has been bought by a Saudi billionaire. The famous house in…
Dubai among most affordable prime residential property markets globally in first half, Savills says
Dubai's property market became more competitive globally, as prime residential property capital values declined 3 per cent in the first…
Global commercial real estate markets feel impact of COVID-19
The impact of the COVID-19 pandemic is being felt in global real estate markets, with commercial real estate investment volumes…
Dubai's Union Properties prepares three-year plan for a full-scale revival
Union Properties confirmed it has prepared a three-year plan that would help with its turnaround after a few years of…
Banks Legal on COVID-19 and leases in the UAE
As the economic impact of the COVID-19 pandemic permeates economies across the region, we have seen an increase in enquiries…
Qatar ADR: scope to resolve construction claims
Construction companies in Qatar can look to avoid costly litigation or arbitration proceedings by seeking to resolve disputes over construction…
Emirates REIT hires Houlihan Lokey for strategic review
Emirates REIT, a Dubai-based sharia-compliant real estate investment trust, said on Monday it had appointed Houlihan Lokey to advise its…
Dubai landlord lists 400 properties on Urban platform
More of Dubai’s property leasing is getting onto digital platforms. Dubai Asset Management has struck a partnership with Urban,…
Why South Florida Properties Keep Attracting Mideast Investors
Middle East investors are one of the most active buyers in the global real estate market and continue to target…