Dubai fire: Emaar sees ‘no material impact’ on company, hotel insured

Investigation into New Year’s Eve blaze at The Address hotel is ongoing. Developer Emaar Properties says it expects “no material impact” on...

Aldar HQ in Abu Dhabi gets giant Star Wars facade

100m installation celebrates Abu Dhabi’s role in The Force Awakens. Aldar Properties and twofour54 have partnered to create a giant Star Wars-themed...

Dubai residential sales decline further in Q4

CBRE: Affordable rental locations outperformed prime areas . Dubai’s residential sector saw a further sales decline in the fourth quarter, with a...

Sharjah rents fall for first time in 2 years – Cluttons

New and gated communities outperform overall residential market. Residential rents in Sharjah are on the decline for the first time in over...

Egypt’s SODIC, Heliopolis Housing to co-develop East Cairo project

Project is expected to create over 40,000 jobs. The Egypt-listed Sixth of October Development Company (SODIC) says it has been offered the...

Villa sales on Dubai’s Palm Jumeirah top $255m

Price per square foot dips to $680, analysis finds. Villa sales on the Palm Jumeirah in Dubai raised AED 938 million ($255m)...

UAE’s Al Habtoor plans $544m hotel investments in ‘16

Conglomerate eyeing investments in Europe and US. The UAE-based Al Habtoor Group says it has allocated AED 2 billion ($544m) to be...

Damac removes Trump name from Dubai golf site

Move apparently prompted by presidential candidate’s anti-Muslim remarks. Damac Properties has removed the Trump name from a $6 billion golf development in...

Dubai’s Meraas launches own-brand hotels arm

Meraas Hotels & Resorts will look to partner with independent owners. The Dubai-based developer Meraas Holding has announced the launch of an own-brand...

Initial roadworks completed at Tilal City in Sharjah

Development set to become emirate’s first-of-its-kind mixed-use community. Real estate developer Tilal Properties says it has completed the initial arterial highways and...