Property
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Dubai Properties appoints Abdulla Lahej as CEO
Former Emaar group chief executive will take over following Abdullatif AlMulla’s resignation. Dubai Properties Group has appointed Abdulla Lahej, the former Emaar...
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Qatar’s Barwa Real Estate sees Q2 profit nearly treble
Developer made $151.1 million in the second quarter – report. Qatar’s Barwa Real Estate almost trebled its profits during the second quarter...
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Dubai Properties Group CEO resigns – report
Abdullatif AlMulla reportedly resigned in late June. Abdullatif AlMulla, the group chief executive of Dubai Properties Group, has resigned from his position,...
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Damac prices new Dubai Akoya villas at $326k+
Developer to sell three-bedroom villas at new Akoya Imagine cluster under three-year payment plans. The Dubai-listed Damac has launched a new cluster...
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Muscat property prices hit by economic slowdown
Chairman of the Oman Real Estate Association says economic situation had a negative impact. The chairman of the Oman Real Estate Association...
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Saudi land tax ‘to cut prices by up to 40%’
Tax on vacant plots in urban areas will spur development and help lower land and property prices – report. The new tax...
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Dubai, Abu Dhabi rents see ‘marginal growth’ in May
Apartment rent prices see small increases compared to the previous month, says Bayut.com report . Apartment rent prices in Abu Dhabi and...
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Property sales down in prime Dubai areas
‘Tough market conditions’ see transaction volumes drop by as much as 44% in pricier parts of the city – report. The number...
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Qatar buys Singapore office tower for $2.45bn
The 1.25 million sq ft Asia Square Tower 1 has the largest floor plate in the Marina Bay area. Singapore’s Asia Square...
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Dubai rent declines ‘accelerating’ – report
Monthly rent decline hits 1.3% in May and further drops are expected, says Phidar Advisory. Dubai residential rents are set to fall...
