Bahrain studying skyscraper plan

Bahrain’s Manama Municipal Council is seeking the approval for a new zoning plan that would reserve the shores of the Seef area...

Construction

Nakheel repays $57m to lenders

Nakheel has said it has repaid $57m to lenders as part of the developer’s five-year debt restructuring plan. “The due date of...

Analysis

Specialist subject

The figures speak for themselves. Earlier in 2012, statistics showed real estate transactions in Dubai to be up 9% on the previous...

Construction

Asteco, LFC to launch property auction website

UAE-based property management firm Asteco and real estate auction website LFC International have entered into a partnership agreement aimed at providing global...

Property

Emaar Q2 apartment sales reach $190.4m

Emaar Properties has said its revenue from apartment sales has more-than-doubled in the second quarter, offsetting a drop in sales of commercial...

Construction

Indians are top buyers in Burj Khalifah

According to data by the Dubai Land Department (DLD), foreign investors bought 36% more real estate assets in the emirate at a...

Construction

Dubai to have 4,000 new hotel rooms in 2012: E&Y

The hotel rooms pipeline in Dubai has had 11,307 rooms last June, making it the largest in the Middle East and Africa...

Construction

Dubai Properties signs deal with Emirates REIT

The UAE's first real estate investment trust, Emirates REIT has signed a deal with Dubai Properties, under which the subsidiary of Dubai...

Construction

Burooj upbeat about real estate market prospects

The real estate arm of Abu Dhabi Islamic Bank (ADIB), Burooj Properties is upbeat about the future prospects for the local as...

Property

ACC purchases $100m Lebanese office complex

Arabian Construction Company, a Lebanese construction firm, announced on Thursday that it had purchased the Gefinor Centre office complex for $100m. Located...