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Indians ranked as top foreign investors in Dubai property in H1
Indian investors carried out $2.12bn worth of transactions in the first half of 2015, followed by British, Pakistanis and Canadians. Indian investors...
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ALEC bags contract to build school at Akoya by Damac in Dubai
UAE-based contractor chosen to construct Jebel Ali School at the east end of Hessa Street. The UAE-based contractor ALEC, a subsidiary of...
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Damac shares soar 15% on Dubai market as Q2 profits triple
The developer, which listed on the Dubai Financial Market in January, announced a 20% dividend in cash and shares. Shares in Damac...
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Two new residential communities get green light in Dubai
Sheikh Mohammed approves plans for 8,000 plots, including 2,800 villas in Wadi Safa and Tai. Two new residential communities comprising a total...
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Building collapse in Mumbai, India kills at least 11
The 50-year-old building had already been served a notice by the municipality declaring it dangerous. At least 11 people have been killed...
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Emirates REIT in $56.7m deal to build school at Akoya in Dubai
The 20,800sqm facility at new Damac development will include a foundation, primary and secondary school. Emirates REIT, a real-estate investment trust, says it...
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Dubai set to break new records with world’s tallest residential tower
Planned 711m-tall tower to be part of Meydan One development, which will also include world’s longest indoor ski slope. Dubai is looking...
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Strong dollar ‘hits Dubai luxury property market’
Dip in interest from investors in the Eurozone and Russia sees 4.5% drop in prime residential prices, Knight Frank says. The strong US...
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JLL: Riyadh property prices decline, rents pick up in Q2
New mortgage regulations in Saudi Arabia continue to negatively impact the sales market, consultancy says. Riyadh apartment prices fell by 1% and villa...
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Two Emaar Misr execs resign after disappointing Egypt IPO
Walid El-Hindi and Ahmed Fathallah have left the Dubai property firm’s Egyptian subsidiary. Two senior executives at Egypt’s Emaar Misr have resigned,...
