Egypt lines up $12.7bn in deals with Arab property developers

Preliminary agreements with Egyptian real-estate firms Mountain View and Palm Hills, among others. Egypt has signed memorandums of understanding for four real-estate...

Egypt signs deal with UAE fund for $45bn capital city

New administrative and business capital will house Egyptian parliament and government ministries. The Egyptian government has signed a deal with a UAE-based...

First phase of Dubai Canal project 40% complete

Transport authority chairman says work on phase two and three are at 25% and 15% respectively. Phase one of the Dubai Canal project...

Saudi king replaces housing minister in bid to address homes shortage

King Salman relieves Shuwaish al-Duwaihi of his position as housing minister. Saudi Arabia's King Salman has appointed a new housing minister in...

Kuwait’s Tamdeen Group plans $700m waterfront development

The 350,000sqm Al Khiran project aims to be commercial and entertainment heart of Sabah Al Ahmad Sea City. Tamdeen Group, the Kuwaiti...

Dubai’s Damac launches $1.8m Trump PRVT mansions

New homes at the Akoya development will overlook the Trump International Golf Club. The Dubai property developer Damac has launched a new...

China Harbour wins $41m contract for Falcon Island in UAE

Engineering company bags contract for marine and infrastructure works in Ras Al Khaimah. Ras Al Khaimah (RAK) developer Al Hamra Real Estate...

Middle East buyers targeted in London Grosvenor House sale

‘Strong interest’ expected from Arab investors as landmark 5-star hotel goes on market for more than $715 million. Arab investors are being...

Dubai property group offers free flats to Torch fire victims

The First Group to provide 20 apartments as temporary accommodation for those left homeless after blaze. A Dubai-based property group has offered...

Dubai’s Arabtec in bid to save $40bn Egypt deal as shares fall further

The Dubai-listed builder to meet with officials of Egypt’s housing ministry in attempt to revive stalled housing project. Arabtec is set to renegotiate...