Two new residential communities get green light in Dubai

Two new residential communities comprising a total of 8,000 plots have been given the green light in Dubai, state news agency WAM...

Construction

Building collapse in Mumbai, India kills at least 11

At least 11 people have been killed in a building collapse in Mumbai, India, the BBC reported. Many others are feared trapped...

Construction

Emirates REIT in $56.7m deal to build school at Akoya in Dubai

Emirates REIT, a real-estate investment trust, says it plans to spend $56.7 million (AED208.3m) in building a school at the Akoya by Damac development...

Property

Dubai set to break new records with world’s tallest residential tower

Dubai is looking to break more records with its latest megaproject, which is set to include the world’s tallest residential tower, longest indoor...

Property

Strong dollar ‘hits Dubai luxury property market’

The strong US dollar is weighing on Dubai’s luxury property market, with a 4.5% year-on-year decline in prices in the second quarter of 2015, according...

Property

JLL: Riyadh property prices decline, rents pick up in Q2

Riyadh apartment prices fell by 1% and villa sale-values were down by 0.5% in the second quarter, according to a report by JLL.New...

Property

Two Emaar Misr execs resign after disappointing Egypt IPO

Two senior executives at Egypt’s Emaar Misr have resigned, following the property developer’s lacklustre flotation on the Cairo stock exchange, Reuters reported....

Property

Dubai’s Emaar Properties reports 16% rise in profits

The Dubai-listed developer Emaar Properties reported a net profit of $321 million during the second quarter, a 16% rise on the same...

Construction

Bahrain’s $650m Villamar project back on track after major delays

Gulf Holding Company (GHC), the developers of the long-delayed $650 million Villamar project in Bahrain, has signed a financial restructuring agreement that is...

Construction

Union Properties starts work on third phase of Green Community in Dubai

Union Properties has begun construction of phase three of its Green Community development in Dubai Investments Park, according to a statement.The project...