Turkey tops ranking of property price rises

Prices rose by 18.4% in 2015, Knight Frank global index finds. Property prices in Turkey rose by the most globally last year,...

Kuwait’s Action Hotels opens new hotel in Australia

Ibis Styles in Brisbane is the tenth hotel in firm’s portfolio. Kuwait’s Action Hotels has announced the opening of the Ibis Styles...

Corporate demand driving growth for Cairo hotels – Colliers

The Suez Canal expansion last year created widespread demand. Cairo’s tourism and hospitality sector has been resilient over the last year, recording...

Bahrain’s Investcorp buys US office building for $180m

Real estate acquisitions over last year worth more than $1.5bn. The Bahrain-based Investcorp has announced that its US real estate arm has...

Dubai property price decline ‘to continue in 2017’

Up to 10,000 units expected to be delivered this year, says Core Savills. Dubai residential property rents and sale prices are forecast...

AccorHotels in deal with Mawarid for Dubai hotel

Ibis Styles Al Jaddaf is expected to open in 2018. Hotel operator AccorHotels has announced that it has signed a management agreement...

Damac sees ‘unprecedented demand’ for Aykon City project in Dubai

‘Significant number’ of units sold at $2bn Dubai Water Canal project. Damac reports “unprecedented demand” for the initial release of units at its Aykon...