Dubai property prices ‘to stabilise in 2016’

Prices set to start rising after declines this year, real-estate firm Core Savills forecasts. Dubai property prices, which have been declining since...

Mövenpick set to open fourth hotel in Jeddah by 2019

Hospitality firm reveals plans to open 300-room Mövenpick Hotel Heraa Jeddah, its fourth property in the Saudi city . Mövenpick Hotels &...

No ‘drastic’ plunge seen in Dubai property prices, says poll

London Business School survey finds it unlikely that Dubai real-estate prices will see a major drop akin to that during the financial...

First Marriott hotel opens doors in Makkah

Hospitality chain has 19 more projects in the pipeline for Saudi Arabia. The US hospitality company Marriott International has opened the Makkah Marriott...

Mid-market Dubai hotels outperform luxury segment

Cheaper hotels proved more resilient in the first quarter, recording a slight increase in average revenue per room, says Knight Frank report....

Luxury Dubai property rents fall for first time since 2011

Prime property rents inched down by 0.6% in the first quarter of the year, according to Knight Frank. Rents for luxury Dubai...

Emaar boss Mohamed Alabbar to set up real estate institute

Alabbar to set up region’s first non-profit institute providing training in all aspects of property development and management. Emaar Properties founder Mohamed...

Damac Properties launches Paramount Residences in Dubai

The 64-storey project will offer a sky lobby and private Paramount Pictures screening room, developer says. The Dubai-listed property developer Damac has...

Mideast investors ‘to account for 25-30% of prime London property sales’

There is increased appetite for top London real estate since the May 7 election, CBRE says. Middle Eastern investors are expected to...

Egypt: Deal with UAE’s Alabbar to build $45bn capital city ‘is still on’

Ministry of Housing denies report claiming memorandum of understanding with Alabbar’s Capital City Partners had been terminated. Negotiations to build a new...