Property

Dubai house prices to fall 1-5% by July, says Deloitte

Softening of prices suggests market is maturing, financial-advisory firm says. Residential sales prices in Dubai are expected to drop by 1 to...

Riyadh, Jeddah to see 16,000 new hotel rooms by 2018, says JLL

Domestic tourism in Saudi Arabia is expected to grow 400% by 2019. Saudi Arabia’s two major cities Riyadh and Jeddah are predicted...

Cityscape: Abu Dhabi rent rises to slow in 2015, says JLL

A reduction in government spending is likely to see rent increases reduce to ‘single-digit levels’, consultancy says. Abu Dhabi rents are forecast...

Cityscape: Aldar to build 2,000 homes to meet Abu Dhabi demand

Developer launches three residential developments on Yas Island and Al Reem Island. Abu Dhabi’s Aldar Properties has launched three residential developments with 2,000...

Cityscape: Dukes Oceana units on Palm Jumeirah, Dubai 50% sold

Developer Seven Tides offers 10% return-on-investment guarantee for Dukes Oceana Dubai Residences. Half the units at Dukes Oceana Dubai Residences, a development...

Cityscape Abu Dhabi: 12% rent hike brings inflation concerns

Cost of living in Abu Dhabi rose by 4.3% in the first quarter, and is set to grow further due to higher...

Qatar floats cruise-ship plan to add 6,000 hotel rooms for World Cup

Qatar Tourism Authority reportedly revives idea for ‘floating hotels’ to house players and football fans during FIFA competition. The Qatar Tourism Authority...

Qatar, US-listed firm complete purchase of London’s Canary Wharf

Chief executive of Qatar Investment Authority says new homes, offices and retail space planned in the financial district. Qatar’s sovereign wealth fund...