RAK Properties records 70% profit increase in H1

The UAE-based developer also recorded revenues of $40m over the first six months of 2016. RAK Properties, the UAE-based developer behind projects...

Nakheel partners with Hilton for new Dubai hotel

256-room DoubleTree to be part of developer’s Al Khail Avenue mall. Dubai’s Nakheel has signed on Hilton Worldwide to manage a 256-room...

Most Gulf ultra-wealthy ‘likely to buy real estate in 2016’

Cluttons survey finds London, New York and Singapore head list of preferred investment destinations . More than 63% of GCC-based high net...

Kuwait real estate sector sees ‘summer slowdown’

National Bank of Kuwait report finds July sales at four-year low. Kuwait’s real estate sector registered a slowdown over the summer, with...

Anantara set to enter Oman with two resorts

Luxury hotel brand plans to open resorts in the north east and Dhofar Governorate. Anantara Hotels, Resorts and Spas is ready to...

Jeddah residential rent prices ‘jump by 30%’

Increases in construction and building material prices see property rents in the Saudi city soar – report. Residential rents in the Saudi...

Qatar buys 9.9% stake in Empire State Building owner

Economic and voting interest obtained with $622m investment by sovereign wealth fund. The Qatar Investment Authority (QIA) has taken a 9.9% stake...

Cityscape Global to start in Dubai on September 6

Fifteenth edition of the real estate show will host major developers such as Emaar, Dubai Holding, Nakheel and Meydan. Promotional content supplied...

Dubai property price rises ‘imminent’

Slower supply of units and wider economic situation suggests real estate prices are on the way up, says report. A turnaround in...

Phase one of Dubai’s Vincitore Palacio project ‘90% sold’

Mid-segment project launched two months ago and most units in first release have now been sold, developer says. The AED 135 million...

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