Dubai’s Union Properties launches Green Community phase III

Extension to take total number of units in the complex to 1,765. The Dubai-based Union Properties has announced the launch of the...

Dubai’s Deyaar posts a 37% decline in Q3 net profit

Developer reports nine-month net profit of $51.7 million. The Dubai real estate developer Deyaar posted a lower net profit of $13.3 million...

Dubai’s Nakheel reports 39% hike in net profit

Amount recorded in first nine months of the year almost equals entire net profit in 2014, developer says. The Dubai-based developer Nakheel...

Abu Dhabi residential rents down 1% in Q3: CBRE

Older properties in secondary locations see bigger rental drops in the third quarter. Abu Dhabi residential rents saw a 1% decline in...

Saudi officials propose undeveloped land fees

Draft proposal suggests a charge of no more than 100 riyals ($27) per square metre of urban land left undeveloped. Fees on...

Abu Dhabi’s TDIC starts handover of Saadiyat Beach Villas phase 3

All 77 villas in the third phase are expected to be handed over by the end of November. Abu Dhabi’s Tourism Development...

Asteco to sell units at Stella Maris Tower in Dubai Marina

Real estate consultancy named exclusive sales agent for Bloom Properties project. Asteco says it has been appointed to sell apartments at the...

Bahrain residential rentals resilient in Q3: CBRE

Reef Island saw an average occupancy of 95% across rental properties. Residential demand for leased accommodation in Bahrain has remained buoyant with...

Cairo property market active despite price declines: JLL

Depreciation of Egypt’s currency results in both price drops and more transactions, consultancy says. The real estate market in Cairo was “steady” in...