Bahrain residential rent growth rate dips to 6.7% in Q3

Bahrain residential rent growth rate dips to 6.7% in Q3 – Cluttons

Rental growth is forecast to decline over the next six to 12 months. The annual growth rate of Bahrain residential rents fell...

Starwood Hotels to open Four Points by Sheraton in Mecca

The new 1,139-room property will be largest under the Four Points brand. Starwood Hotels & Resorts has inked an agreement with a...

Dubai’s Emaar reports 31% rise in Q3 profit

Developer says international operations accounted for 18% of total revenue in first nine months of 2015. Dubai’s Emaar Properties has reported third-quarter...

Nakheel, Centara to build waterpark resort at Deira Islands, Dubai

Developer’s joint venture with the Thai hotel operator marks its latest move in the hospitality sector. The Dubai developer Nakheel is planning...

Dubai’s ‘global hub’ status fuels property market: Knight Frank

Prime home prices in Dubai saw 59% rise from 2009 to 2014. Dubai’s emergence as a “global hub” over the past few...

Qatar buys into Brookfield’s $8.6bn Manhattan West development

New York project spans five buildings and seven million square foot. Qatar Investment Authority (QIA) and Brookfield Property Partners have entered into...

Abu Dhabi rents up 5%, off-island demand surges – Nationwide

Saadiyat Island has some of the highest annual rents, at up to $68,000 for a three-bedroom unit. Abu Dhabi rents rose by...

AccorHotels, Manzil partner to bring 1,300 new hotel rooms to UAE

AccorHotels currently operates 76 hotels in the region. Hotel operator AccorHotels has signed four new management agreements with the Manzil Group for...

Gulf sees ‘boom in serviced apartments’ – Colliers

Serviced apartments remain a relatively new concept in much of the wider region, real estate consultant says. International operators should consider tapping...