Property
-
Dubai set to break new records with world’s tallest residential tower
Planned 711m-tall tower to be part of Meydan One development, which will also include world’s longest indoor ski slope. Dubai is looking...
-
Strong dollar ‘hits Dubai luxury property market’
Dip in interest from investors in the Eurozone and Russia sees 4.5% drop in prime residential prices, Knight Frank says. The strong US...
-
JLL: Riyadh property prices decline, rents pick up in Q2
New mortgage regulations in Saudi Arabia continue to negatively impact the sales market, consultancy says. Riyadh apartment prices fell by 1% and villa...
-
Two Emaar Misr execs resign after disappointing Egypt IPO
Walid El-Hindi and Ahmed Fathallah have left the Dubai property firm’s Egyptian subsidiary. Two senior executives at Egypt’s Emaar Misr have resigned,...
-
Dubai’s Emaar Properties reports 16% rise in profits
Boost comes on back of higher international sales, growth of malls and hospitality business. The Dubai-listed developer Emaar Properties reported a net profit...
-
Abu Dhabi rent rises at two-year low, says CBRE
Luxury developments still in demand, despite overall rent increase of just 1.75% in second quarter, report shows. Abu Dhabi rents rose by...
-
Dubai-based S&K Estate Agents files for bankruptcy
Firm says saturated property market forced it to begin liquidation proceedings. The Dubai-based S&K Estate Agents says it will file for bankruptcy...
-
Dubai’s Nakheel says six-month net profit up 53%
Developer reports $770m profit during first half of 2015 amid ongoing handover of properties. The Dubai developer Nakheel says it made a...
-
Value of Dubai property deals up by 15% in first half of 2015
Real-estate transactions worth $35.1bn mark growth on first six months of last year, Dubai Land Department figures show. The total value of...
-
UAE’s LuLu to convert London’s Scotland Yard into luxury hotel
Old police headquarters was once the centre of investigations into famous crimes including the ‘Jack the Ripper’ case. The Abu Dhabi-based LuLu...
