Qatar floats cruise-ship plan to add 6,000 hotel rooms for World Cup

Qatar Tourism Authority reportedly revives idea for ‘floating hotels’ to house players and football fans during FIFA competition. The Qatar Tourism Authority...

Qatar, US-listed firm complete purchase of London’s Canary Wharf

Chief executive of Qatar Investment Authority says new homes, offices and retail space planned in the financial district. Qatar’s sovereign wealth fund...

Dubai property rents expected to drop as 25,000 units complete

Downward pressure expected later in 2015 as new units enter market, says Bayut.com report. Dubai residential rents are expected to fall later...

Cityscape: Abu Dhabi market strong despite oil plunge, says Cluttons

New projects to be unveiled this week at Cityscape Abu Dhabi . Abu Dhabi’s drive for economic diversification is helping strengthen its...

Saudi Arabia to build 25,500 more apartments in bid to ease shortage

New residential units to be constructed in cities including Riyadh, Madinah, Jeddah and Dammam . Saudi Arabia has approved the construction of...

Emaar shares climb in Dubai on cash dividend, Alabbar re-election

Dubai-listed firm’s AGM approves cash dividend in excess of $292m for distribution to shareholders. Shares in Emaar Properties on Thursday climbed by almost...

Dubai property prices drop, rents flat in Q1, says JLL

Residential rents remain ‘relatively flat’ while sale prices see ‘marginal decline’, consultancy says. Dubai saw subdued real-estate activity in the first quarter of 2015,...

Abu Dhabi’s Aldar breaks ground on Ansam project on Yas Island

Development is first on emirate’s ‘F1 island’ to be sold to both Emiratis and expats. The Abu Dhabi developer Aldar says it has started...

‘Rent-free periods’ likely as Dubai supply increases, says CBRE

New supply to be delivered this year could also push rents down, property consultancy finds. Tenants in Dubai can expect some relief...

Nakheel unveils three-year plan for Dubai projects worth $3.8bn

Dubai ruler Sheikh Mohammed briefed on developments, which include extensions to Dragon Mart and Ibn Battuta Mall. The Dubai developer Nakheel has unveiled...