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News & Updates

  • riyadh-at-night
    The Saudi housing ministry has made it mandatory for all real estate firms to join its electronic Ijar system that seeks to regulate the rental market with measures to protect the rights of owners and tenants, and control prices, Arab News has reported. The system was introduced in January this year but few firms signed […]
  • DUBAI, UAE - MARCH 29: Dubai Marina at night, on March 29, 2014,
    Growth in residential property prices in Dubai slows down in the second quarter of 2014
  • propertyfinder
    Research out from the UAE’s leading property search website,, has revealed the top places for buying and renting across Dubai and Abu Dhabi. The site’s newly released quarter two report also compares asking sale and rental prices in prime areas in the two emirates. While Dubai studio prices stand at Dhs959,000, an average one […]
  • Oman-Cultural-Complex
    Oman’s heritage and culture ministry has invited bids for the construction of the $250m (OR96.26m) Oman Cultural Complex (OCC), Muscat Daily has reported. The move follows the appointment of UK-based international consultancy and construction company, Mace, as project manager for the iconic complex. The complex, which will have three major buildings of national interest, has […]
  • arabtec
    Hasan Ismaik, the former chief executive of Arabtec, has cut his stake slightly in the group by selling around $4m worth of the Dubai construction company’s shares, Reuters has reported. Ismaik cut his stake to 28.77% from 28.85%, according to the website of the Dubai Financial Market. Ismaik, who earlier this week declined to comment […]
  • carillion
    UK-based support services and construction firm, Carillion, is considering to capitalise on its successes with a possible £3bn ($5.1bn) merger with infrastructure firm Balfour Beatty, Reuters has reported. A merger between the two firms, which both employ around 40,000 people worldwide, could create a construction giant able to compete with players such as Spanish-listed Ferrovial […]
  • usd
    United Development Company (UDC), as master developer of The Pearl-Qatar, was invited earlier this week to receive a token of appreciation presented by Qatar Charity in recognition of The Pearl-Qatar’s invaluable contribution to the success of the organization’s Al-Baraha activity program in Ramadan. The ceremony, which was attended by a number of UDC and Qatar […]
  • barwa
    Qatari developer, Barwa Real Estate has swung to a second-quarter net loss of QR42.9m ($11.8m), compared with a profit of QR40.6m in the year-earlier period, Reuters has reported. The country’s largest listed property developer made a profit of QR222.2m in the first half of 2014, up from QR199.2m in the corresponding period of 2013. Barwa, […]
  • Nearly 300 luxury apartments in Loretto, which is located in Downtown AKOYA and overlooks a private park similar to Hyde Park or Central Park, were snapped up during a suhoor taking place in six venues across the UAE last night.
    The latest project to be launched by luxury real estate developer, DAMAC Properties, has sold out in just one evening. Nearly 300 luxury apartments in Loretto, which is located in Downtown AKOYA and overlooks a private park similar to Hyde Park or Central Park, were snapped up during a suhoor taking place in six venues […]
  • Fitch Ratings
    Fitch Ratings-Dubai/London-24 July 2014: Fitch Ratings has affirmed Qatar Real Estate Investment Company P.J.S.C.’s (Alaqaria) Long-term Issuer Default Rating (IDR) and senior unsecured rating at ‘BBB+’, and Short-term IDR at ‘F2′. The Outlook on the Long-term IDR is Stable. Key Rating Drivers Strong Business Model The ratings reflect Alaqaria’s strong business model, robust lessor profile […]
  • Group picture.
    SPF Realty, leading real estate service provider in UAE, has hosted its annual corporate Iftar gathering in Dubai in celebration of the spirit of the Holy Month of Ramadan. The grand Iftar party bash was organised at Al Falak Ballroom in Bur Al Arab, as an expression of the company’s gratitude to its customers, associates […]
  • deyaar
    Dubai-based developer Deyaar Development PJSC reported a consolidated net profit of Dhs62.5 million for the second quarter ended June 30, 2014, up by a record 129% from Dhs27.3 million registered in the same period in 2013. Aided by robust property sales booking and property delivery, the net profit for the first half of the year […]
  • Ibn Battuta Mall.
    Nakheel is gearing up for its busiest season on record at its flagship Ibn Battuta Mall, where a world of entertainment, promotions and prizes awaits visitors throughout Dubai Summer Surprises 2014. Nakheel is sponsoring this year’s DSS – from 2 August until5 September – with a diverse range of attractions including live TV broadcasts on […]
  • king_Abdullah_Financial_District
    Contractors working on the King Abdullah Financial District (KAFD), worth an estimated SR29bn ($7.8bn), will not be able to complete their projects on time due to a lack of manpower and logistics, Arab News has reported, citing an industry source. “Some contractors do not have enough manpower and cannot afford to hire as many people […]
  • Nowayrah-Real-Estate-Development
    Saudi-based Nowayrah Real Estate Development Co has announced the launch of the second phase of Obhur Townhouses in the beach neighbourhood of Obhur in Jeddah, Saudi Gazette has reported. Phase II will comprise eight duplexes similar to phase-1 and the construction is expected to be completed within one year, the developer said.

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