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...

India’s Tata Housing opens Dubai office

Non-resident Indians currently contribute 15-20% of the real estate developer’s total sales. Indian real estate developer Tata Housing has opened an office...

Dubai’s Emaar Properties says India remains a ‘key market’

Dubai developer issues clarification following claim it is close to ending alliance with Indian partner MGF Developments. Emaar Properties says it is...

Sharjah, Ajman rents drop 3% amid ‘reverse relocation’ to Dubai

Residential properties in Sharjah also struggle to attract buyers, real-estate firm Asteco finds. Sharjah’s property market has been feeling the pinch of “reverse...

SPF Realty to sell townhouses at project in MBR City, Dubai

Ground-breaking on the Jade at The Fields development is expected in the first half of 2016. Property broker SPF Realty has been appointed...

Dubai’s Damac launches Aykon tower in London; units start at $1m

The 50-storey development, set to feature interiors by Versace Home, is Damac’s first outside the Middle East. Damac Properties on Monday launched...

UK property firm Chestertons launches in Saudi Arabia

Chestertons Saudi Arabia will offer valuation and consultancy services in the Kingdom. UK property firm Chestertons has launched in Saudi Arabia through...