News | Middle East
Wednesday, 23 December 2020
The Central Bank of the UAE (CBUAE) has reported that residential prices in Dubai dropped 0.9% YoY in Q3 2020, referring to inexorable pressure from the ongoing Coronavirus crisis.
Thursday, 17 December 2020
The latest data by Property Finder Group shows Dubai's resale home deals have hit the highest record in almost seven years, with 2,179 transactions sealed in just one month.
Wednesday, 25 November 2020
Colliers International’s latest MENA Hotels Quarterly Review (Q3 2020) shows that Egyptian hotels have been the region’s worst-hit so far by COVID-19, with occupancy going down at least 50% during this year, despite the resumption of international flights and reopening of prime tourism spots.
Sunday, 11 October 2020
New data released by Informa Markets, organizer of Cityscape’s Real Estate Summit, has revealed that nearly 73% expect Dubai to see the most growth in the hospitality sector over the next two years, as the UAE opens its doors to tourism, with Abu Dhabi, Turkey, Saudi Arabia, and Egypt in tow.
Sunday, 13 September 2020
Abu Dhabi Tourism Investment Company (ADTIC), a subsidiary of the Abu Dhabi Fund for Development (ADFD), has uncovered a major refurbishment project for its hotels in Egypt, aiming for completion in H2 2021.
Thursday, 25 June 2020
CapitaLand’s wholly-owned lodging subsidiary The Ascott Limited has secured contracts for 25 new properties that contribute over 5,400 units across 19 cities around the world, amid the COVID-19 headwinds.
Wednesday, 17 June 2020
Egypt-based Elsewedy Electric has been recognized among the top 100 companies in the Middle East by Forbes, due to its sector-based contribution to significantly boost local economic growth.
Tuesday, 5 May 2020
Middle Eastern fund managers plan to raise their investments in Egypt in the second quarter of 2020
Thursday, 30 April 2020
GCC corporate earnings will be negatively impacted in the first half (1H) of the year as businesses and the economy have been severely hit by the COVID-19 pandemic, Reuters reports.
Monday, 27 April 2020
UAE's property developer Seven Tides said its residential, commercial, and retail tenants in Dubai's Discovery Gardens and Ibn Battuta Gate are eligible to receive rent relief measures if they experienced job cuts, salary reductions, or disruptions to their businesses because of the Covid-19 crisis