Qatar’s real estate price index sees drop in Q2

Official data reveals 3.8% decline over March levels and a drop of 5% over November’s all-time high. Real estate prices in Qatar...

Abu Dhabi’s Aldar reports 9% profit rise

Developer made $178m net profit in second quarter despite signs the UAE capital’s property market is slowing. The Abu Dhabi developer Aldar...

Saudis able to pay rent ‘to get priority over properties’

Separate committee to look into those unable to afford leasing homes - report. Saudi Arabia’s ministry of housing will prioritise allotment of...

Dubai’s Emaar posts 8% higher Q2 profit

Developer sees net profit touch $346 million in second quarter of 2016. The Dubai-listed Emaar Properties reported 8% higher net profits for...

Dubai developer Vincitore conducts roadshow in Nigeria

Developer of the $37m Vincitore Palacio in Dubai is upbeat about rise in Nigerian investment in the UAE. Vincitore Real Estate Development,...

Dubai’s Nakheel reports 4% higher profit in first half

Developer says it made $803 million in first six months of 2016, despite property prices falling across the market as a whole....

Abu Dhabi real estate shows ‘initial signs of decline’

First signs of slowdown in 18 months amid lower demand, oil prices and government spending – JLL. Abu Dhabi’s real estate market...

Dubai’s Damac plans phase-two sale of Akoya Imagine villas

Dubai-listed developer says the first phase of the project sold out in one day. Damac Properties says it plans to launch sales...

Foreigners invest $15.5bn in Dubai real estate in H1

Market attracts 26,000 investors from 149 countries during the first half of 2016. Foreign investors pumped some AED57 billion ($15.5bn) into Dubai’s...

Saudi property sales ‘down more than 50%’

Sharp decline in market as investors wait for prices to drop due to new tax on undeveloped land - report. Saudi property...

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