Dubai developer Nakheel’s profits double in Q1 2015

Developer behind the Palm Jumeirah manmade island reports net profit of $367.5m for first quarter. Dubai’s Nakheel has reported a net profit...

Qatar’s Barwa posts $879m net profit for Q1 2015

The real-estate developer sees massive jump on $72.8m profit reported in 2014. Barwa Real Estate, one of the largest listed developers on...

‘Strong demand’ for cheap Dubai homes as property prices drop

There is ‘pent-up demand’ for affordable homes in the emirate, says Asteco report. There is ‘strong demand’ for affordable homes in Dubai as...

Meraas to develop Bulgari-branded homes in Dubai

Residential units on Jumeirah Bay Island to go on sale soon, Bulgari and Meraas executives say. The Dubai developer Meraas plans to build...

Alabbar’s Eagle Hills in deal with Serbia for $3bn Belgrade megaproject

The Abu Dhabi-based real estate firm plans to spend $3 billion on massive Belgrade Waterfront development. The Abu Dhabi-based Eagle Hills, which...

Qatar boosts London portfolio with stake in Claridge’s, Berkeley and Connaught hotels

The Gulf state’s Constellation Hotels buys 64 per cent of hotel company Coroin, which owns several five-star hotels. Qatar has bought majority...

Dubai house prices to fall 1-5% by July, says Deloitte

Softening of prices suggests market is maturing, financial-advisory firm says. Residential sales prices in Dubai are expected to drop by 1 to...

Riyadh, Jeddah to see 16,000 new hotel rooms by 2018, says JLL

Domestic tourism in Saudi Arabia is expected to grow 400% by 2019. Saudi Arabia’s two major cities Riyadh and Jeddah are predicted...

Cityscape: Abu Dhabi rent rises to slow in 2015, says JLL

A reduction in government spending is likely to see rent increases reduce to ‘single-digit levels’, consultancy says. Abu Dhabi rents are forecast...

Cityscape: Aldar to build 2,000 homes to meet Abu Dhabi demand

Developer launches three residential developments on Yas Island and Al Reem Island. Abu Dhabi’s Aldar Properties has launched three residential developments with 2,000...

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