Property

‘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...

Dubai’s Damac says property sales boosted by foreign buyers

Firm’s managing director says foreign demand in first quarter of 2015 was not significantly affected by the fall of the Euro. Dubai’s...

Dubai’s Majid Al Futtaim to use bonds, sukuk for expansion

Retail conglomerate rules out IPO as it looks to expand in Saudi Arabia and Egypt. The Dubai-based retail conglomerate Majid Al Futtaim (MAF)...

Cayan, Shuaa to set up fund for $272m Dubai project

Gulf-based developer and investment firm to back construction of twin-tower development of 700 residential units and hotel apartments. The Gulf-based developer Cayan...