Dubai’s Majid Al Futtaim appoints new CEO for property arm

Bertrand Julien-Laferriere takes the helm at Majid Al Futtaim Properties. Majid Al Futtaim has appointed Bertrand Julien-Laferriere as CEO for its property...

Saudi property shares hit by decision to tax undeveloped land

Real estate sector down 2.86% on move to resolve housing shortage. Shares in Saudi property firms sunk on Tuesday following a cabinet decision...

Abu Dhabi’s Aldar raises $163m from Khalifa City plot sales

All 281 land plots of the 690,00sqm Al Merief development sold in a week, property developer says. Aldar Properties, the Abu Dhabi-listed...

Dubai’s Emaar denies rumours Alabbar plans to quit

Shares in the property developer had fallen to a three-month low on speculation its chairman is leaving. Emaar has strongly denied rumours its chairman...

Towell Construction wins $55.8m contract for Oman residential projects

Contractor to build two residential zones in Sultanate’s latest integrated tourism complex. Towell Construction and Co LLC (TCC) has been awarded two...

Malls, homes and schools among 76 new Abu Dhabi projects

Al Maryah Central mega mall and World Desert Oasis in Al Ain among projects given green light by Urban Planning Council. Malls,...

Egypt lines up $12.7bn in deals with Arab property developers

Preliminary agreements with Egyptian real-estate firms Mountain View and Palm Hills, among others. Egypt has signed memorandums of understanding for four real-estate...

Egypt signs deal with UAE fund for $45bn capital city

New administrative and business capital will house Egyptian parliament and government ministries. The Egyptian government has signed a deal with a UAE-based...