Saudi’s Jabal Omar Development reports $184m Q4 profit

Developer says it will continue to consolidate its position in the Saudi Arabian market. Jabal Omar Development, Saudi Arabia’s largest listed real...

Global investments in RAK’s Al Hamra Village total $272m

Buyers of 99 nationalities have invested in the destination – led by Brits, Germans, Indians and Russians, developer reveals. Ras Al Khaimah’s...

Dubai Marina ‘continues to attract buyer interest’

Millennials and small families eyeing locality for hot property deals, says propertytrader.ae. Dubai Marina continues to see strong interest from buyers, especially...

Dubai’s Emaar expects 20% costs reduction

Mohamed Alabbar, Chairman of the Dubai-listed developer, expects a costs reduction in 2017 – Reuters. The Dubai-listed developer Emaar Properties forecasts a...

Dubai’s Deyaar Development reports 22.5% rise in Q3 profit

Developer made $15.4 million during the period as revenues surged, although profit for first nine months of the year is down. The...

Dubai’s Nakheel reports 22% profit hike for Q3

Developer of the Palm Jumeriah says it made a net profit of $260m during the third quarter. The Dubai developer Nakheel has...

Office rents flat or falling in most Dubai submarkets – report

Dubai Design District was the only area to show an increase in rents in the third quarter, with an average 15% rise....

Azizi Developments unveils $117m project in Al Furjan, Dubai

Residential units in the mixed-use Azizi Plaza project to offer ‘affordable luxury’, developer says. Azizi Developments, the UAE-based real estate developer, has...

JLL: Jeddah real estate sector sees slowdown

‘Challenging’ economic backdrop hits the Saudi Arabian city’s residential, retail and office real estate markets. Challenging economic conditions, low oil prices and...

Damac unveils $326k ‘Akoya Selfie’ villas in Dubai

Three-bedroom villas aimed at millennials to be built at Akoya Oxygen master development. Developer Damac has young millennials firmly in its sights...