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Dubai-based real estate developer DAMAC Properties reports a fall in profits for the second quarter in a row, Reuters reports.
Egypt's Misr Cement announces the consol net profit after tax at EGP 50.6 mn versus EGP 137.6 mn year ago, Invest-Gate reports.
The Marseilia Egyptian Gulf Real Estate Investment quarterly net profit after tax accounts for EGP 3.7 mn versus EGP 26 mn one year ago, Invest-Gate reports.
Prices of houses in Saudi Arabia have declined by 8% while land prices are down by 9%, Reuters reports.
Rental values in Jeddah’s housing sector in the first quarter of the year have decreased by 9% quarter-on-quarter and 8.5% year-on-year, Invest-Gate reports.