Nakheel reports $163mn worth of property sales in four months

Ready-to-occupy family villas at Nad al Sheba and Al Furjan in demand as investors show 'appetite' for quality and ready homes. Nakheel...

New committee formed for building permit procedures in Dubai

Committee chairman will issue all the legislation required to ensure the implementation of this decision. His Highness Sheikh Mohammed bin Rashid Al...

Coronavirus: Mass exodus of expat workers hits Kuwait property market

Impact of COVID-19 pandemic and government’s nationalisation policy blamed for exodus of expatriates. As thousands of expatriates and their families leave Kuwait...

Union Properties announces final stages of comprehensive debt restructuring process

Developer says restructuring agreements expected to include various solutions. Union Properties, a Dubai-based real estate development company, has announced that it is...

Arada begins handover of Phase Three homes at Nasma Residences

Signature villas, semi-detached villas and townhouses first to be delivered in third phase comprising 197 villas and townhouses. Arada has started handing...

Ajman Free Zone launches commercial offices project to attract new businesses

New project is said to complement the free zone’s efforts to deliver cost-effective and contemporary office spaces in the emirate. Ajman Free...

DIRC: Work on Al Multaqa Avenue on track

Mixed-use development will offer the first 4-star hotel and freehold office spaces in Mirdif Hills. Dubai Investments Real Estate Company (DIRC), a...

Abu Dhabi’s Al Qana on track for completion this year

Developer Al Barakah says new development has timelines in place despite the pandemic and will be a relevant and safe destination post...

Palm Hills announces $215mn mixed-used development in Egypt

487,200sqm project will be developed in five phases. Palm Hills Development has inked a co-development and revenue sharing agreement with Al Shorouk...

Dubai residential properties see 11.5% drop in capital values for May

Dubai residential properties see 11.5% drop in capital values for May. Residential properties across Dubai displayed an overall 11.5% annual fall in...