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Dubai’s Meydan Group secures $272m funding
Consortium of banks includes ADIB, Al Hilal Bank, Sharjah Islamic Bank and Ajman Islamic Bank. Meydan Group has secured AED1 billion ($272...
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Dubai rent declines ‘accelerating’ – report
Monthly rent decline hits 1.3% in May and further drops are expected, says Phidar Advisory. Dubai residential rents are set to fall...
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Cayan’s CMC Tower nears completion in Riyadh
Enabling and structural packages completed ahead of schedule, developer says. The CMC Tower, a mixed-use commercial building under construction in Saudi Arabia,...
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Aldar launches e-procurement portal
Move to help focus on strategic supply management, property developer says. Aldar Properties has announced the launch of an online e-procurement portal,...
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Dubai’s KBW Investments buys Grayscale Interiors
KBW has investments in a number of businesses in the construction sector and in a number of upcoming technology start-ups. KBW Investments...
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Dubai transport building fast-tracked for Expo 2020
Dubai ruler approves plan for $91m Roads & Transport Authority Enterprise Command & Control Centre. Designs have been approved for a AED335...
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Kuwait National Assembly passes public tenders law
One of the most important provisions of the law obliges the Central Tenders Committee to accept the decisions of the petitions committee....
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Affordable Dubai units ‘sell in days’ – Danube
Developer says it is planning new project soon after its ‘Glamz’ units sold out before official public launch. Danube says its ‘Glamz’...
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Developer Dar Al Arkan ‘in housing talks with Saudi government’
The Ministry of Housing is set to spend a total of $15.8 billion through to 2020. The Saudi Arabia-based Dar Al-Arkan Real...
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Dubai’s Damac plans sale of first Aykon City residential units
Two-bedroom units starting at AED1.69 million are set to go on sale on June 11. Damac Properties has announced the upcoming sales...
