Abdulla Lahej steps down as group CEO of Emaar

Responsibilities will be handled by Amit Jain, group COO. Abdulla Lahej, group chief executive officer of Emaar Properties, has stepped down from...

Saudi Arabia’s Sidra Capital seals $122.6m deal for London office building

The six-storey Kinnaird House has 5,710 square metres of office space. Sidra Capital has completed the acquisition of Kinnaird House, an office...

Radiant Star launches $89m project at Dubai Culture Village

17-storey property will have 156 residential units. Developer Radiant Star has unveiled the AED325 million ($88.5m) Riah Towers, a 17-storey freehold development...

Qatar in London ‘mega landlord’ property venture

Qatari Diar in deal over 4,000 homes; to convert US embassy into hotel. Qatar is increasing its exposure to the London property market with...

Bahrain retail rents resilient amid economic slowdown – Cluttons

Commercial and residential markets show signs of softening. Bahrain’s retail sector remains resilient, with rents stable in all of Manama’s main markets...

London top market for Chestertons’ Mideast property investors

Agency handled $166m sales on behalf of regional clients in 2015. London is Chestertons' top international market for Mideast property investors, according...

Dubai-listed Damac eyes US projects

Developer courted controversy over deal with Trump Organization. The Dubai-listed developer Damac Properties says it wants to explore projects in key US...

UAE’s Arqaam signs with Four Seasons for resort in Croatia

Luxury resort is expected to open in 2019. The UAE-based investment bank Arqaam Capital has inked an agreement with Four Seasons Hotels...

‘Affordable’ Dubai housing still too pricey – report

Buying property still ‘out of reach for the lower income members of society’. So-called “affordable” housing in Dubai is still too expensive...

UAE’s Majid Al Futtaim reports 29% profit hike

Highlights in 2015 included 36,000sqm Mall of the Emirates expansion. The UAE-based retail conglomerate Majid Al Futtaim has reported a 29% increase...