Property
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Apartments at Saudi Arabia’s 1km tall tower set for sale
Residential sales for Jeddah’s $1.2bn Kingdom Tower, which has backing of Prince Alwaleed, likely to start this year. Apartments at a kilometre-high...
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Dubai set to see more mid-market hotels by 2020, says DTCM
Developers and hospitality chains respond to government incentives to encourage more three- and four-star hotels. Dubai can expect to see more mid-market...
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Emaar Misr looks to raise $367m in shares on Egypt exchange
Subsidiary of Dubai’s Emaar Properties said it would price the shares at 4.70 Egyptian pounds each. Emaar Misr, the Egypt-based subsidiary of...
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Dubai working to attract tourists as Russian visitors decline 23.5%
Slump in the rouble has led to falling visitor numbers from Russia. Dubai is stepping up tourism efforts and introducing new flights...
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Dubai’s Emaar Properties reports 7% rise in profit
Developer of the Burj Khalifa skyscraper sold $672m in property in its home market during the first quarter. Dubai’s Emaar Properties has reported...
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Dubai’s Damac launches $477k ‘hotel villas’ at Akoya Oxygen
Nova Hotel Villas available at a starting price of about $477,463 for a 3-bedroom unit. Dubai’s Damac Properties has launched a ‘hotel...
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Dubai’s Emaar Malls posts 32% increase in Q1 net profit
Retail and malls arm of the Dubai real-estate giant says it made $117.8 million in first three months of the year. Emaar...
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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...
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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...
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‘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...
