UAE’s Al Habtoor buys Hilton hotel in Wembley, London

Acquisition part of plan to ramp up international footprint. The UAE’s Al Habtoor Group has announced the purchase of the Hilton London...

Dubai’s Nakheel delivers 251-room hotel at Dragon Mart

The Ibis Styles hotel is owned by Nakheel and managed by AccorHotels. Dubai developer Nakheel has delivered a 251-room hotel at Dragon...

Aqua Properties invests $25m in Skycourt Tower, Dubai

Firm intends to put apartments up for re-sale to clients. Aqua Properties has announced a $24.77 million bulk purchase of apartments in...

Shurooq, Emaar and Eagle Hills establish Sharjah real estate firm

Omran Properties to cover commercial, industrial and real estate. The Sharjah Investment and Development Authority (Shurooq) has signed with Dubai’s Emaar Properties...

Saudi house sales down 5%, rentals up

Residential property market is shifting, says JLL. Saudi Arabia saw 5% fewer property sale transactions in the year to November, as the...

Project delays ‘blessing in disguise’ for UAE real estate – JLL

Delays will reduce the risk of oversupply in 2016, consultancy says. Project delays caused by slowing market conditions are likely to reduce...

Dubai’s Deyaar reports $79m in net profit for 2015

The Dubai-listed developer saw a 3.4% increase in profit last year. Deyaar Development has reported a net profit of AED291.4 million ($79m)...

Jumeirah in deal to manage tower at Marina Gate, Dubai

Property being developed by Select Group is set to open in late 2019. The hotel operator Jumeirah Group has signed with Select...

Main tender set to be issued for 1/JBR: Dubai Properties

Project expected to be completed in early 2019. Dubai Properties is preparing to tender for the main works for its super-luxury 1/JBR...

Dubai property market to slow in 2016: Deloitte

Opportunities remain in the market despite ‘headwinds’. Dubai’s residential and office market is set to slow this year, but despite some “headwinds” there...