Nakheel repays $57m to lenders

Developer says it is committed to the implementation of repayment plan following restructuring. Nakheel has said it has repaid $57m to lenders...

DAMAC completes foundation works for $300m Beirut tower

DAMAC Properties has announced that the raft foundation for its $300m Damac Tower in Beirut has been completed. “This is a major...

Abu Dhabi Municipality to issue building permits online

Ministry aims to ease the processing of customer transactions through online service. The Abu Dhabi Municipality has announced that applications for issuing...

Saudi REDF starts disbursement of $389.8m in housing loans

More than half a million Saudi citizens applied for housing loans by the end of last year. Saudi Arabia’s Real Estate Development...

DAMAC sees positive signs for Dubai market

Emirate's prime property has experienced nearly 6% growth in H1 of 2012. Dubai-based DAMAC Properties has said the emirate’s real estate market...

Nakheel’s The World to refund $15.5m to investor

Ruling stipulates that developer returns money paid to keep plots off the market. The World LLC, a subsidiary of Nakheel, has been...

Kanoo Machinery GM sees Saudi opportunity

Company set to introduce truck mounted mixers and pumps to the Saudi market. UAE-based Kanoo Machinery and Construction Equipment, a member of...

Oman approves $19.36m in contracts

Tender Board also awards contracts for additional works for water pipelines at Muscat Airport. Oman’s Tender Board has awarded contracts worth a...

Oct 13 bid deadline set for 7,000 house project

Housing Ministry invites Saudi Arabian contractors to bid for Riyadh residential project. Contractors in Saudi Arabia have received invitations by the Housing...